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More Pain in Seahaus…
Purchase for $797k in 2005 just closed at $689k.
http://www.sdlookup.com/MLS-080069285-5440_La_Jolla_Blvd_201_La_Jolla_Ca_92037
Plus this weird one… purchased for 1.489M listed for 750k starting auction price.
http://www.sdlookup.com/MLS-080080031-5470_La_Jolla_Blvd_H203_La_Jolla_Ca_92037
Lots of affluent flippers in Seahaus. The carrying costs are brutal so the losses are bigger than they look. At some point the affluent flippers are going to say the hell with their credit and dump their losses.
