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Home › Forums › Housing › RSF, $100K / 16% loss

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  • February 12, 2007 at 9:46 PM #8379
    Happy renter
    Participant

    BANK OWNED FORECLOSURE
    16020 Circa De Lindo, Rancho Santa Fe
    $594,900
    2 Bed, 2 Bath
    1,146 Sq. Ft.

    Sale History
    12/05/2006: $563,775 (Bank took over)
    09/30/2005: $668,000
    12/18/2003: $500,000

    Dear potential buyers,
    $100K loss is only the beginning of house market cool down. When the house market crashes, you will see $200K-350K / 30-50% loss. Be patient. Otherwsie, you will be one of those people who lose 20-50%.

    February 12, 2007 at 9:50 PM #45226
    JWM in SD
    Participant

    Be careful Happy Renter, that kind of talk might offend some those here with delicate sensibilities about the housing market in San Diego.

    Sarcasm Off.

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