Sorry I was to busy to address your post. Unfortunately yeah this spot went pretty darn quick. I know there is tremendous frustration for people like you. All I can say is that I do indeed believe places like this will come down. I don’t think it will happen in the same timeframe that many other people who post her believe though. Try not to lose the faith but realize your faith is going to have to last for quite awhile if you want to find a screaming deal on property like you have identified here.
Also alot of Encinitas has seen price drops. Not price drops like Eastlake but better then nothing right?
So just fyi, this property was on the market last June and they were asking 1.7M! So talk about insanity!!! Anyways while it is disheartening to see it go in 16 days at least they didn’t get the 1.7 they were asking for last year.
Anyways, try to be patient… like super super patient. I understand the domestic tranquility issues very well. Perhaps, (but not gauranteed) we will see some slumping of the activity for properties that you are looking for as the summer wears on and/or the 10 year treasury yield moves up.
