[quote=PadreBrian]Those Pardee prices needed to come down. Those prices were asinine. Still needs to come down into the 6’s and 7’s. [/quote]
FYI – those prices already stepped down but in a hidden way. Recently at Manzinita Trails at PHR Padree listed high 600s and offering a bargains to minus 40k after that you still get some 50K credit on the house but only in the form of upgrades. Somehow they are trying to keep n show the listing price bit high. I am confident all these constructions never go smooth till end and soon much downturn of rates on the way – so these new constructions would halt slolwy when worst pictures slowly surface after 3 months. Currently we are all seeing a hype in all corners due to a Fed involved some 8K and 10K buzz… but who can gurantee today if you invest in even 650K price home with melorose and HOA together another 6000K per year – what will be the return on that home when you try to sell? Can anyone gurantee the investment? Of course no one assure this.
