Price trend in CMR

User Forum Topic
Submitted by infoseeker on June 3, 2009 - 10:05am

What bubble busting are people talking about?

Zestimate shows that homes in CMR neighbourhood are just down 15-20% from the peak. Will we see prices coming down further in this area? Thoughts?

‹ 14827 Penasquitos Dr Commercial Properties ›
$311 psf does seem like alot
Submitted by jameswenn on June 3, 2009 - 12:15pm.

$311 psf does seem like alot for an inland property.

Ranch Bernardo is mid-level community, we're going to see prices dropping as the Alt-As and prime start defaulting as the employment stays stagnant.

Not sure where you have been,
Submitted by PadreBrian on June 3, 2009 - 12:36pm.

Not sure where you have been, but a lot of that alt-a option arm shit is being cleaned up thanks to the us tax payers.

From our other thread:
http://www.loansafe.org/forum/success-st...

infoseeker wrote:What bubble
Submitted by PadreBrian on June 3, 2009 - 12:32pm.

infoseeker wrote:
What bubble busting are people talking about?

http://www.sdlookup.com/MLS-090030510
was in the market for just 2 days.

Zestimate shows that homes in this neighbourhood are just down 15-20% from the peak. Will we see prices coming down further in this area? Thoughts?

That particular neighborhood will probably reach 25-30% off, but I wouldn't hold my breath for anything more. Both hp and sony would have to fire everyone before that would happen. Those two have been hanging in there.