San Diego Real Estate and Apple Pie
It is easy to peruse the internet and get a few different views on the San 
Diego real estate market. To tell the truth, you can generally break it down to positive views and negative views. It is confusing, flip-floppy, and leaves you feeling like everyone between the newspaper, Case-Schilling, NAR, CAR, and Realty Trac are spinning the numbers to preach to their own choir.
To combat that, we set up the How’s The Market page, it’s still a new page, but I’m curious to see how the stats change as time goes on. Will the first time buyer credit affect the market, will unemployment keep the numbers down? No crystal ball, but we will be able to track the stats.
All this said, I read an article today with a negative view and had to share it with you to hear your thoughts.
Ready?
12% of renters nationally say that they will be buying a house this year. This survey was conducted by the National Apartment Association. There’s more: 76% of homeowners and renters think that it’s not a good market to own a home.
64% of those surveyed said that the main reasons were lack of responsibility for repairs and maintenance. 48% expressed fear of foreclosure.
Wow, that 12% number is low. Have we lost our All American Dream of homeownership? Have we lost our white picket fence goal? As All American as apple pie? Maybe those glory days of 2004 and 2005 have changed the psychology of homeowners to think of their homes as ATM machines or as winning the jackpot at Vegas, and unless they see immediate advantage, there is no point.
Except…aren’t we supposed to live in our homes for awhile? Like a good 5 years+? Isn’t it shelter, a roof over your head, a place where your landlord can’t kick you out because they decided to take the house back, anything BUT an ATM, a place to slap lipstick on a pig and flip it to have a windfall of cash?
If I could do one thing today, one miraculous thing, it would be to bring back that apple pie and make everyone understand that they don’t need to refinance their home to go on vacation, buy a BMW, and keep up wth the Jones’s. Appreciate your house and it will appreciate you!
Well said
It is laying the truth out there, I enjoyed this article. I will forward to some of my friends and
I will send to you the results of their thoughts.
Hello.
I like your site and wanted to know if you would be interested in exchanging blogroll links.
Thanks in advance
I finally decided to write a comment on your blog. I just wanted to say good job. I really enjoy reading your posts.
Sad to see how the lure to use one’s house as an ATM machine gripped so many, both young and old. What goes up inevitably comes down. Unfortunately this time it had severe consequences for everbody, not just those who joined the craziness.
[…] too many people thought of their San Diego real estate as a jackpot in Vegas and Quinn cautions against thinking of it as an investment (amen, sistah!). It is not a […]