O.K. I like the animals…I like that people like animals.

http://www.sdlookup.com/MLS-076096908-4739_Panorama_Dr_San_Diego_CA_92116
Check out the sales history on this one. It sold for 925k and after going the REO route is in escrow from a list or 449,900. Unfortuately that site doesn’t have pictures.The MLS has pictures. It seems like someone was going to remodel the home and never got finished…pretty popular theme too.

I look at buildable lots often. There is a lot on Mt. Helix with the foundation about half formed up that is now for sale. People understand that the endgame doesn’t look so good .

With a falling market you have to wait until these abandoned projects are really discounted or risk working for free. I wouldn’t mind overhauling that house on Panorama though, if it were not so unlikely to pencil out or If I didn’t care.