Your last comment is right on – upper del cerro is where to look for quality, excellent living and to raise a family, and not flipping opportunities, qualities I discussed in my recent post. Actually I would believe that most vulture lookers already know this and are looking in the more low hanging fruit areas.
Following up on our favorite Norman. Wife and I were thinking how would this ever get valued in a default. Probably at lot value less cost to scrape, demo and regrade, but some credit for water / sewer charges which were long ago paid. So maybe something in the $ 200K area. What do yo think?
