“Yes I would classify the 91913, 14, and 15 areas in the exact same manner as you have posted. Well overpriced, little to no activity at current pricing, or at previous pricing, exceedingly high foreclosure rate and has been that way for a few months, and a base of buyers that are not the most well qualified people to begin with… and of course way way way overbuilt”.
What I find not surprising is how many of these “distressed” homes are owned by actual realtors. Take a look for yourself. One thing you’ll notice is that most of these realtors are either Filipino or Hispanic.These zipcodes are mortgage fraud central in SD County.
I still believe that most realtors are absolutely incompetent, and if they cannot manage their own personal financial affairs,how on earth can one believe that they actually have their clients best interests in mind.
I do know a few excellent realtors and I’m sure there are some on this board.However, it would probably be a good idea to purge about 90 % of the people who have real estate licences….
