Rockem,
Dont be so confident. Encinitas condos are by far the weakest part of the market I described as being relatively healthy. Sellers are too slow to reduce prices there and there arent many sales happening in the 92024 condo market because you can get better for alot less nearby. I dont know what you’ve got but I did some research for attached properties east of ECR 2 weeks ago and found that about 70% purchased in 2006 were done with 5% or less down (most were 100% financed). With the recent sub prime issues, 2/3rd of your potential buyers just vanished. Cut your losses and get out now while you can.
