Looks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go
$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.
temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.
Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…
