A new contestant! Ah yes, it looks like time for a round of Pain In La Jolla!
Today’s contestant bought in a nice area by UCSD in Dec. 2006 for a low price of $1,200,000. And now they’ve sold for a paltry $1,000,000. A 17% loss.
Actually, not that bad a loss in comparison to other parts of San Diego. But then again, I don’t expect the same level of distress in La Jolla as in other areas. But it definitely shows that the upper end is getting hit too.
