Here’s one…from North County San Diego in stucco sh*tbox hell-

I don’t remember how I found this one but MLS#066061047 is in 4S Ranch. Zillow says it sold for $855,000 on 1/19/2005. It just went “inactive” on ZipRealty and I presume it sold for the bottom of his range (or lower) which was $825,000. So he lost $30,000 right off the bat. Assuming 6%, or $49,500, paid to real estate agents, plus the carrying costs of at least $5,000 a month (educated guesstimate) for 17 months, I figure this guy’s gonna walk away having lost roughly $164,500 or 20% of his purchase price. Truly a FB, dontcha think?? (All this..despite the fact that they aren’t making any more land and that we all need to buy now or be priced out forever….f*ck these guys-Chamberlin, Greg Smith, “Hezbo-Le”reah, Gin, etc… they belong to the biggest group of opportunistic liars we have ever seen.)

So yeah…I’d be watching 4S Ranch and San Elijo Hills/San Marcos in the coming months and years for some gems of retardation.