I agree.. however as you said, 476k to 555k for tiny condos in Point Loma is a bit much. Granted they made nice construction but the area is not that nice and really these should be priced more like 250-300k. Here is one odd thing that I noticed yesterday when I checked them out. Lennar is willing to pay mortgage for 6 months. Second, the sales people were not that helpful and a bit aloof for one who sells homes compared to realtors. That turned me off right there. No, I can buy a real nice home for less money in Poway or Rancho Bernardo which have less crime and nicer areas and schools. I am waiting for the dead cat bounce to finish in 3-5 years.
Now if we can get Chowderhead to shut the F up on KOGO about how real estate never goes down. Man that idiot is never quieted.