I agree prices are still inflated but I see NOWHERE in Carlsbad hitting under $100/sq ft. The value of the land my house sits on was over $100/sf in 1999. Cmon do you really beleive you will see a 4,000 sq ft home in LC Greens (not where I live) for under $400K. How about a 1500 sq ft Rancho Ponderosa starter home for under $150K? How about 3,000 sf in Calaver under $300K. Lets go really big and try to find a 5,000 sq ft Pulte home in La Costa Oaks under $500K.
Same goes for SEH’s and Bressi. I just dont see that as a possibility. Everything is connected and if these homes are under $100/sq ft do you think you’ll see O’side under $70/ sq ft? How about 2,000 sq ft in Rancho Del Oro under $140K?
I willing to look at the uberbear final resting place as much as anyone but these numbers are just plain silly.
