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$1.5mil+ houses (inland)User Forum Topic
Submitted by masayako on September 7, 2009 - 7:39pm
Seriously guys, who can afford these $1.5mil+ houses (inland Poway, Scripps, Del Sur)? Do we have that many rich people in the county for this...
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If you take into account folks like the San Diego Chargers and Tila Tequila, we just might.
I would say yes. There are plenty of CEO/CFO/CTO/COO/etc out there. Then there's also people who buy these multi-million dollar homes as their second/third/etc. homes, so they don't actually have to live here.
And lets not forget the folks who can't really afford these houses - but somehow get financing anyway. Living larger than their income with a hefty sense of entitlement.
We call these folks - future foreclosed buyers.
BTW, Tila Tequila does not live in San Diego. Too boring a place for her, I guess.
A friend of a friend rents a mansion in RSF. It's a 5-br. and he splits the rent with a bunch of friends. Not sure what his payment is, but, split five ways, it could be less than a decent downtown studio.
This website is really running dry. Not many people post anything...
ironic?
It is a sign that the bottom is not far off ... when nobody talks much about RE anymore...I personally think this won't be the Bottom but just the first dip out of the double (multiple?) dip....