Home › Forums › Closed Forums › Properties or Areas › 34% SFR loss in Pacific Beach in just 12 months
- This topic has 65 replies, 7 voices, and was last updated 17 years, 10 months ago by
boomer.
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February 2, 2008 at 10:40 PM #11698February 3, 2008 at 9:20 AM #147425
jpinpb
ParticipantThanks for posting info on this place. I was looking in P.B. and this is out of my budget, but people are saying the million dollar homes won’t be affected. This is reassuring. No one will be unaffected. That’s a pretty big hit. Maybe other places in the area will come down. So far people are not wanting to budge much. Holding tight.
February 3, 2008 at 9:20 AM #147672ParticipantThanks for posting info on this place. I was looking in P.B. and this is out of my budget, but people are saying the million dollar homes won’t be affected. This is reassuring. No one will be unaffected. That’s a pretty big hit. Maybe other places in the area will come down. So far people are not wanting to budge much. Holding tight.
February 3, 2008 at 9:20 AM #147697ParticipantThanks for posting info on this place. I was looking in P.B. and this is out of my budget, but people are saying the million dollar homes won’t be affected. This is reassuring. No one will be unaffected. That’s a pretty big hit. Maybe other places in the area will come down. So far people are not wanting to budge much. Holding tight.
February 3, 2008 at 9:20 AM #147708ParticipantThanks for posting info on this place. I was looking in P.B. and this is out of my budget, but people are saying the million dollar homes won’t be affected. This is reassuring. No one will be unaffected. That’s a pretty big hit. Maybe other places in the area will come down. So far people are not wanting to budge much. Holding tight.
February 3, 2008 at 9:20 AM #147778ParticipantThanks for posting info on this place. I was looking in P.B. and this is out of my budget, but people are saying the million dollar homes won’t be affected. This is reassuring. No one will be unaffected. That’s a pretty big hit. Maybe other places in the area will come down. So far people are not wanting to budge much. Holding tight.
February 3, 2008 at 9:45 AM #147450SD Realtor
ParticipantI own a place in PB and have a client shopping around up on Soledad and we are seeing pricing move down in PB. Like you said jp alot of people are dug in. After the spring is over it will be interesting to see what happens. In the long run if you can wait until 2010 or 2011 there will be some very good opportunities.
SD Realtor
February 3, 2008 at 9:45 AM #147699ParticipantI own a place in PB and have a client shopping around up on Soledad and we are seeing pricing move down in PB. Like you said jp alot of people are dug in. After the spring is over it will be interesting to see what happens. In the long run if you can wait until 2010 or 2011 there will be some very good opportunities.
SD Realtor
February 3, 2008 at 9:45 AM #147724ParticipantI own a place in PB and have a client shopping around up on Soledad and we are seeing pricing move down in PB. Like you said jp alot of people are dug in. After the spring is over it will be interesting to see what happens. In the long run if you can wait until 2010 or 2011 there will be some very good opportunities.
SD Realtor
February 3, 2008 at 9:45 AM #147733ParticipantI own a place in PB and have a client shopping around up on Soledad and we are seeing pricing move down in PB. Like you said jp alot of people are dug in. After the spring is over it will be interesting to see what happens. In the long run if you can wait until 2010 or 2011 there will be some very good opportunities.
SD Realtor
February 3, 2008 at 9:45 AM #147803ParticipantI own a place in PB and have a client shopping around up on Soledad and we are seeing pricing move down in PB. Like you said jp alot of people are dug in. After the spring is over it will be interesting to see what happens. In the long run if you can wait until 2010 or 2011 there will be some very good opportunities.
SD Realtor
February 3, 2008 at 9:50 AM #147455ParticipantThanks SD Realtor. I don’t have a choice but to wait. My credit is good and my debt is low, but I refuse to get in over my head. I didn’t do any zero-down, interest-only ARMs, thinking I’m doing the right thing being cautious and conservative. Of course in 4+ years have seen prices double. So discouraging.
So now that people have to prove they can afford a place, I’m hoping the prices come down to something reasonable. There’s a place on Law Street that’s listed at 1.3. Been on the market for a verrry LONG time, like a year at least. It goes off the market and relists. In any case, the guy has a NOD and it’ll take 20k to be current. Yet still has not reduced the price.
I don’t get it. W/the way the market is w/defaults and foreclosures and tightening of credit, who is going to buy that place?
February 3, 2008 at 9:50 AM #147704ParticipantThanks SD Realtor. I don’t have a choice but to wait. My credit is good and my debt is low, but I refuse to get in over my head. I didn’t do any zero-down, interest-only ARMs, thinking I’m doing the right thing being cautious and conservative. Of course in 4+ years have seen prices double. So discouraging.
So now that people have to prove they can afford a place, I’m hoping the prices come down to something reasonable. There’s a place on Law Street that’s listed at 1.3. Been on the market for a verrry LONG time, like a year at least. It goes off the market and relists. In any case, the guy has a NOD and it’ll take 20k to be current. Yet still has not reduced the price.
I don’t get it. W/the way the market is w/defaults and foreclosures and tightening of credit, who is going to buy that place?
February 3, 2008 at 9:50 AM #147729ParticipantThanks SD Realtor. I don’t have a choice but to wait. My credit is good and my debt is low, but I refuse to get in over my head. I didn’t do any zero-down, interest-only ARMs, thinking I’m doing the right thing being cautious and conservative. Of course in 4+ years have seen prices double. So discouraging.
So now that people have to prove they can afford a place, I’m hoping the prices come down to something reasonable. There’s a place on Law Street that’s listed at 1.3. Been on the market for a verrry LONG time, like a year at least. It goes off the market and relists. In any case, the guy has a NOD and it’ll take 20k to be current. Yet still has not reduced the price.
I don’t get it. W/the way the market is w/defaults and foreclosures and tightening of credit, who is going to buy that place?
February 3, 2008 at 9:50 AM #147738ParticipantThanks SD Realtor. I don’t have a choice but to wait. My credit is good and my debt is low, but I refuse to get in over my head. I didn’t do any zero-down, interest-only ARMs, thinking I’m doing the right thing being cautious and conservative. Of course in 4+ years have seen prices double. So discouraging.
So now that people have to prove they can afford a place, I’m hoping the prices come down to something reasonable. There’s a place on Law Street that’s listed at 1.3. Been on the market for a verrry LONG time, like a year at least. It goes off the market and relists. In any case, the guy has a NOD and it’ll take 20k to be current. Yet still has not reduced the price.
I don’t get it. W/the way the market is w/defaults and foreclosures and tightening of credit, who is going to buy that place?
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