I thought Amarillo was one of the last remaining hot spots right now for the itinerant investor class. Is traffic slowing up some?
That same type of house went for that same price level here in eastern SD County (Ramona Country Estates) back in 2003, which means we may very well see it again before this cycle is all over. And if San Diego county shakes back down to yr2003 prices (or lower), then it’s a cinch that Amarillo’s gonna drop a lot, too.
So I wish you good fortune in selling that house, and I hope your buyers have what it takes to hang in there for the coming loss.
