OK, you can be 100% wrong, as long as I can be 110% wrong 🙂 It is fun isnt it? Watching from the sidelines and trying to guess when it will end.
Yeah, those houses on ingram south of Garnet are hit or miss….the ones up the hill seem much more neighborly. I still think those ones up towards turquoise and law will go for $500K and under. The PB 4plexes with the 3 students and waverunner crowd will be down to $300K before this is all over (and yes, i know there are families in them too, but the majority of folks i know in them are the younger single set).
Anyway ya slice it…..the reverse tsnumai is rumbling toward the beach. Foreclosures are way up, foreclosure inventory alone is about 2 months worth. Look at the numbers 300 foreclosures sold in March, 1,3000 taken in. That is 700 extra a month just building, sitting there, of must sell inventory. Resets in PB, Coronado, CV and del mar havent even hit yet (no hard data, sry)….interest rates are climbing……here it comes…………
