I mentioned on the Point Loma thread how I’m surprised at the 30% off we’ve been seeing lately unexpectedly in certain areas that were once thought healthy, despite all the government intervention. And even though this is occuring, there is still chatter that we are at bottom. Totally ignoring the stealth that’s out there, the NODs that continue and the foreclosures that are just twisting in the wind.
I’m a homeowner now and it would be nice to believe we are at bottom. But it just seems to fly in the face of reality. I would have to be in denial. Just today as I was looking I stumbled upon this 2105 W California. According to Redfin, it is bank owned as of May 2010. It went back to bene at basically 2004 pricing. It still is not listed.
