Good to see… It is in Costa Del Sol… they are packed in tight there but nonetheless it is good to see… By what the tax roll implies it seems at 599k it would be a short sale or the owner would have to come in with cash. Costa Del Sol is right next to the 56 off CV rd.

SD Realtor

it would be a short sale

Last sale on 10/31/2003 was for $494,621. So, did they borrow another $100K+ on top? Wow! a lot of middle and upper middle class families with negative net worth. That will hurt the economy quite a bit.

g2006, you have entered the “popcorn phase.” I have no specific knowledge of this house or this area but this is my new theory that I think will apply to all areas, so look for it (it was developed during the world famous “three car garage monitor” research).

This house broke a mystical pricing level, it probably has it’s drawbacks and there are things wrong with the property, it may be a short or a repo, it may be the smallest one on the street and have the smallest lot. You may try to talk yourself into it, but wait. A month may go by and no others join it below that level, wait further. Then another brave soul will join it, then two more then another four, then another eight, then the next thing you know there are 26, then the race is on to reach the next level, 550k. It’s microwave popcorn, one pops, then another, but after a while it sounds like a machine gun. The trick is to turn off the micro before it burns, I haven’t go that part of the theory worked out yet.

This house is owned by Chinese sellers (from what I can gather by their names). I only mention this because another poster stated that Asians will always hold on to dear life and never let go.

Once the Carmel’s back is broken (I know, it should be camel), we’ll know that we have entered the real period of adjustment. We’re not there yet, but it’s coming.

This house is owned by Chinese sellers (from what I can gather by their names). I only mention this because another poster stated that Asians will always hold on to dear life and never let go.

Once the Carmel's back is broken (I know, it should be camel), we'll know that we have entered the real period of adjustment. We're not there yet, but it's coming.

Didn't say "all". I said "most"…I can say though, this couple must be going through something tough, perhaps job transfer or something to swallow cough it up that. Note to self, check out this property.

SD R,

I'm curious. How did you figure out this would be a short sale. I show these folks are still the original owner, but I have no idea about their refinance history,etc….

This house not even mentioned year built no photos even – sounds like hiding more facts about this house.

5yearswaiter