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Local Home Prices Dropping at Slower Rate
A 42.5% drop since 2005! That is beyond staggering. If you put 25% down, were an honest, upstanding individual, bought a $600,000 house, you not only have lost your $150,000 down payment but now owe $105,000 or more considering it would take Realtor fees to get you out.— June 30, 2009 8:33 a.m.
San Diego Lead Indicators Rise for Second Month
Do you want to be a cop in this city? Drugs, gangs, etc etc...It is a very dangerous job.— June 29, 2009 3:04 p.m.
Generation Y Likes San Diego for Job Prospects
Reply to #16 - San Diego is VERY over-rated as a place to live. Pros - Beach, no snow, Ocean, good restaurants. Cons - Greedy culture with a me me me attitude, no jobs, cloudy alot (by coast), hard to make friends, insane traffic even while moving (driving 80 and still someone is one inch from your bumper tailgating), stressful rat race feel, horrible air pollution (go to Mt Soledad or the Sea World Tower and look around, sky is brown), tons of illegals, tons of crystal meth, horrible schools with lousy teacher-student ratio, kids have no respect for adults, people judged by what they own, wear or drive instead of what the person's character is like, awful corrupt politics, work environments are cutthroat (nobody is your friend), expensive (especially when you consider wages that are crummy), etc.... As you can see, the cons outweigh the pros bigtime. Once I moved, I couldn't believe people actually talked to you and got to know you still. I had become a jaded, reclusive San Diegan. Luckily, I am changing and it is great to be in a place where people are so friendly, just to be nice, not because they have a multi-level seminar they want to take you to.— June 27, 2009 11:20 p.m.
San Diego Unemployment Rises to 9.4% as Job Losses Grow
I know a RE investor and he cannot find a bank that will loan money for houses in the Carlsbad area. Basically, the banks know that that area is headed for a collapse due to these insane loans and are scared to death to lend. The only real sales there have been cash buyers.— June 27, 2009 11:07 p.m.
San Diego Unemployment Rises to 9.4% as Job Losses Grow
Sorry...in RE prices. The ALT-A resets are going to KILL NORTH COUNTY COASTAL! Most of those houses were bought with these loans. You had people living in $800,000 homes in Carlsbad with a $900/month payment. I wish I could short Carlsbad/Encinitas Real Estate. It is going to get hammered.— June 26, 2009 3:03 p.m.
San Diego Unemployment Rises to 9.4% as Job Losses Grow
Many projections showing another 25% decline in 3 years for San Diego and 35% for L.A.— June 25, 2009 1:30 p.m.
San Diego's Hotel Business among Nation's Worst
People with rentals cannot rent them. Even with the Fair going. Prices on Rentals have to plunge.— June 23, 2009 8:53 a.m.
Generation Y Likes San Diego for Job Prospects
You have to think San Diego could become a ghost town if jobs keep going away. All that will be left are the rich retired and illegals who serve them.— June 19, 2009 12:47 p.m.
Generation Y Likes San Diego for Job Prospects
To be honest, it is probably easier to find a job in Blythe or Barstow than San Diego. Recently, a janitor opening in Vista resulted in over 1000 applications. This for a $13/hour job with benefits, however. Many PHDs are out of work due to the outsourcing of biotech jobs to India where PHDs can be had for $15-20,000 a year. Tourism is dead. People with condos to rent are sitting empty. The town is in trouble. Big time trouble.— June 16, 2009 9:38 a.m.
Padres Charging Less, Winning Less, Attracting Fewer
Not worth the cost to go to a game. Just 10 years ago, baseball was way more affordable. If there is any bubble that hasn't broken, it is the bubble in player's salaries.— May 21, 2009 2:43 p.m.