It won’t take long for him to realize. I’ve watched a few get upset then finally accept it.
“I know I’m talking about El Cajon/ Spring Valley condos and not S.D. SFRs, but this will have an eventual effect I bet.”
I follow prices of SFRs and condos in hillcrest/mission hills/bankers hill. I could give many many examples of 10-40% hits across property values of 300K to 1.5 mill. It’s almost everywhere with the exception of a few select areas…
I found one today selling at a loss in the most expensive condo development of the area. Purchased in 05 for 2.1 mill, on the market now for 1.9 mill. ouch!
