I don’t want sound mean. But I think there are probably a good portion of owners in Carmel Valley who don’t have the financial means to be living here. They are way over extended. And from it appears, most of these folks are attached home owners that bought within the 2-3 years. These folks shouldn’t have been able to afford to live here evar.

I’m considering giving a low ball offer right now of 480 (not that I would buy right now), just to see what the “mood” is.