Housing Price DECLINE in San Diego biggest in 18 years

[unlawflcombatnt]

"House resales take a tumble in December


By Roger M. Showley and Lori Weisberg
UNION-TRIBUNE


11:32 a.m. January 16, 2006

SAN DIEGO – San Diego County resale house prices tumbled last month by the biggest number in 18 years of record-keeping and contributed to the smallest year-to-year rise in overall prices in six years, DataQuick Information Systems reported Monday.

The median resale price for existing single-family homes dropped $15,000 from November to December to stand at $550,000, the largest month-to-month decline since DataQuick began keeping records in 1988."

The link to the full article can be found at:
San Diego Home Price Decline

[wakeme2008]

1. So it starts :(

And after a good winter of high NG prices, that bigger house like those bigger SUVs just will not look the same IMHO.

[ClintonTyree]

2. Mt neighbor had a $600+ natural gas bill last month.....

that doesn't include his electric either. He laughed when I winterized my place last fall. I use electric heaters to take some of the burden off the gas. My gas bill was $160, electric $90. Guess who's laughing now! ;)

Those 12,000 sq.ft. McMansions are probably a little expensive to heat and cool this year. This is bush's "base" and they're NOT going to be happy with the high price of fuel. Too bad, suckers!

[AZCat]

3. This doesn't sound right.

You are using electric heaters to take some of the burden off the gas? That's actually less efficient, unless you have a horribly inefficient gas furnace. It should be more expensive also, unless you are using space heaters to heat a small space in lieu of heating the entire house, but even then the space heaters just soak up kilowatts.

[spinbaby]

4. It depends on how you do it

A common use of an electric space heater is to keep one room warm while the rest of the house has the heat turned down. That's more efficient than heating the whole house with gas.

[1932]

5. As a %, that might not be the biggest drop in 18 yrs

but it's still a significant number, especially if you're selling your house and, thanks to all your refinancing, you don't have very much equity.