The Mrs. and I recently moved to the North County and we are RENTING a nice, spacious 3 bd/2.5 condo. near the beach (<1 mile).
Well, since today is Sunday I decided to go and look at the open homes in my complex only. There are SIX....SIX...condos for sale in my complex alone. Five out of the six have the exact floor plan (sq ft. bd/ba ratio etc.). One is a 2 bd/2.5 bath so it is the cheapest of the bunch.
here is the breakdown for the 3bd/2.5ba:
1.) 608 - 625....smallest patio but look at the ocean!!
2.) 539,000
3.) 500,000 - 549,000
4.) 568,000 - OBO....OBO?!?! what am I buying, a car?!?!
5.) unknown...no flier but it had a for sale sign out front.
the lone 2 bd/2.5 bath:
495,000....holy denial, batman. this owner better drop the price and fast.
Let's see, everyone wants to live in California....the market is different this time....we have a stable, diverse economy that isn't tied to one sector....San Diego has beautiful weather....yep, I'm sold!!! Honey!? Better call that guy you know who has a cousin in real estate that we want to lock in our 100% financed I/O option ARM because we are going to overbid on one of these little gems in our complex before it's too late!!!!!
"End of line."
