You’re just too cool OCrenter. 🙂

This development is a must watch for Carmel Valley. If the prices on these houses keep on dropping the whole valley will move down a notch.

Hard to believe that people who bought $2 million houses in reality can’t afford them. What were they thinking? Or not?

I just looked on ziprealty and somone is selling 9 lots in the same neighborhood. 9 lots for $6.6 million equals $733k each lot. How much would a developer have to sell new spec houses for in order to make a profit?
http://www.ziprealty.com/buy_a_home/logged_in/search/my_home_detail.jsp?listing_num=061077067&property_type=LAND&mls=mls_sandiego&cKey=f7srgpqd&source=SANDICOR