I’d say something is definitely wrong, but not out of the ordinary for folks who own property in CV or East Del Mar. 95% just can’t come to grips with things. I just rented a beautiful house in CV, gated enclave, very private, 4 years old, 4000+ sf, lots of upgrades, other houses in same neighborhood for sale at $1.2 – $1.4m (neither of which will bring $1m once the owners get realistic). I’m paying $4,000 and the owner better feel fortunate to have me.
