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Home › Forums › Housing › About half of U.S. mortgages seen underwater by 2011 › CAR, your examples do support

February 25, 2010 at 4:23 PM #518537
an
Participant

CAR, your examples do support 10-15% drop. So I guess that those houses you listed did hold up quite well. What do you think about these?

http://www.sdlookup.com/MLS-100007062-92009 (19% off, 889k in 2005, asking for 719k today)
http://www.sdlookup.com/MLS-100008744-2642_Peppertree_Way_Carlsbad_CA_92009 (19% off, 780k in 2006, 629k today)
http://www.sdlookup.com/MLS-100005570-6155_Paseo_Jaquita_Carlsbad_CA_92009 (sold for 696k in 2004 and asking for 599k right now, I’d assume its 2005-2006 price would be higher than $696k)
http://www.sdlookup.com/MLS-100011141-3007_Cadencia_St_Carlsbad_CA_92009 (24% off, 770k in 2005, asking 585k today)
http://www.sdlookup.com/MLS-100000373-7009_El_Fuerte_Carlsbad_CA_92009 (24% off, 860k in 2005, 599-650k today)
http://www.sdlookup.com/MLS-100008035-2248_Tigereye_Pl_Carlsbad_CA_92009 (26% off, 908k in 2005, 672k today)
http://www.sdlookup.com/MLS-090048029-2628_Garden_House_Carlsbad_CA_92009 (31% off, 902k in 2005, 619k today)
http://www.sdlookup.com/MLS-090070603-7327_Paseo_Capuchina_Carlsbad_CA_92009 (22% off, 870k in 2005, 675k today)

Seems like there are quite a few deals around the $650k that were over 800k at peak. Is it possible that the houses you like are also the houses everyone else like, so it’s just supply/demand at work?