[quote=Coronita]Interesting when I moved here in 1996, I remember talking to the qualcomm HR new hire orientation rep who was saying that her house in solana beach is finally recovering after some defense layoffs in San Diego caused a recession in the economy.
It seemed like housing was still ok. La Jolla I think was $300k for a townhome….
I think the largest condo in then new construction Waterridge right next to building Q (San Diego Design Center) was $199k.[/quote]
96 was the beginning of the recovery. Bought my first place in Encinitas in 97 for $190k and things were starting to fly. Sold it two years later for 245k or 29% more by owner. Prices were low and it was easier. Paid a guy to do my paperwork. Bought my current home new pre construction from builder for 400k 6 months before I sold that place. Put 20% down with 5/1 arm at 7.125%. Lined up both closings and moved into La Costa house the weekend after I sold Encinitas townhouse. One year later it had appreciated enough to pull out cash with a HELOC to do my landscaping and pay off our students loans. In 2001 neighbor sold house for 550. Could’ve gotten more but realtor slide in their buyer clients. In 2003 those buyers sold for $740. Same realtors pulled same crap and slide in buyers under market in late 03. Three months later houses like it were going above 850k. Given the chance I would’ve bought it all three times at those prices
