I can’t help but to agree with sdr that Carlsbad has been way over built with 4000+ sq. ft. “mansions”.
As far as places like pt. loma and my own neighborhood in mission hills buyers are getting way more bang for the buck than anytime in the last 10 years especially when you consider where interest rates are and the level of upgrades in these houses. Prices really are not that much higher than then were in the late 1980s and interest rates are less than half of what they were then. It has to be a sobering reality for long time owners in san diego who thought that they were going to sell their houses and retire on the proceeds to realize that they may have to bring money to the closing table.[/quote]
Now THAT’S a healthy price cut!
Ugly house, too. Glad to see they didn’t overpay as much as the 2005 buyers. Crazy stuff going on back then.
