Sand Rush: The Bridge To the Next OC Market
How about some bookmark love? ::
What do you think of when you hear these terms?
Crystal Cove, Headlands, Custom Homes, Ocean View....
The OC Register has a name for it, "Sand Rush".
This description is indicative of the limited availability of coastal home building space, and limited number of coastal homes. Here in Orange County, there is not only the inland luxury market that still attracts people to places like Coto de Caza and Nellie Gail Ranch, but the one crown jewel of the Orange County market are the coastal homes.
The coastal luxury market is like a giant bridge that brings us from one market to the next.
While Wall Street, local and national lenders get sorted through the Sub prime Tsunami, the coastal luxury market will still be going, full steam.
Why?
Because typically people buying homes in the 10-25 Million dollar range aren't going to rely on Countrywide for their capital, so the whole discussion of mortgage fallout is a non-sequitur.
For everyone else, the market is cyclical. What goes up must come down, but it also goes up again. That is why a cycle is different than a bubble. The word bubble implies that once there is a pop, there is nothing left.
In the meantime John Lockwood in Sacramento gives great advice of how to strategically weather the lender storm.
What do you think of when you hear these terms?
Crystal Cove, Headlands, Custom Homes, Ocean View....
The OC Register has a name for it, "Sand Rush".
This description is indicative of the limited availability of coastal home building space, and limited number of coastal homes. Here in Orange County, there is not only the inland luxury market that still attracts people to places like Coto de Caza and Nellie Gail Ranch, but the one crown jewel of the Orange County market are the coastal homes.
The coastal luxury market is like a giant bridge that brings us from one market to the next.
While Wall Street, local and national lenders get sorted through the Sub prime Tsunami, the coastal luxury market will still be going, full steam.
Why?
Because typically people buying homes in the 10-25 Million dollar range aren't going to rely on Countrywide for their capital, so the whole discussion of mortgage fallout is a non-sequitur.
For everyone else, the market is cyclical. What goes up must come down, but it also goes up again. That is why a cycle is different than a bubble. The word bubble implies that once there is a pop, there is nothing left.
In the meantime John Lockwood in Sacramento gives great advice of how to strategically weather the lender storm.
Tags:
Hi Rory,
Thanks for the link love and for being the first on your block to sign up for something at ParticleWave. Sorry the development on that has slowed -- people keep wanting to buy and sell houses! :)
Nice post.
Cheers!
Posted by
John Lockwood |
5:07 PM
John,
Being a fellow software developer, I definitely like to support the innovation of us "cross breed" agents.
Keep me updated on how all of your projects come along. I have about 5 unfinished projects right here at any given time, so there is no rush.
- Rory
Posted by
Rory |
5:30 PM
Great balls of fire. Thanks for posting this. Can I put it on homes listings
Posted by
homes |
6:53 PM