Raybirnes – the houses you are whining about are exactly what I was referring to in my recent post
This is STUPID activity occurring as part of the last gasps of the RE boom
I recently walked through a large part of Normal Heights north of Adams – numerous properties in the process of major upgrades – IMO these are F’d flippers who may or may not realize yet how F’d they are
The properties are very nice when completed – fresh stucco, landscaping, etc and would have drawn top dollar in mid-2005 – now however, they are over-done for the location / market conditions IMO
Note to flippers: it isn’t mid-2005 anymore and many of the upgrades you are doing will be WASTED MONEY (assuming you can sell the place at all)
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Some more stupid building that I didn’t mention in previous post:
> Genessee and Clairemont Mesa Blvd: apartments? townhomes? being build a stone’s throw from this intersection with almost no setback from the sidewalk/Clairemont Mesa Blvd
Again, IMO we are seeing the last gasps of the dying/dead RE boom – picture the death throws of a cockroach – lots of frantic, meaningless activity but the roach will be dead soon
