If you knew all the details then why didn’t you post that the owner didn’t take the loss and his company did? It was sold to Cendant’s relo business which buys homes below market value and then remarkets them. The owner didn’t lose a dime. And what’s not relevant with what the current value is? Those people that bought got a good deal and could sell for another 5-10% right now in less than a year. They put down a big downpayment and will probably be there for 10 years adding more stability to the neighborhood. Does that mean the entire market is up 10%? Of course not, but when you pick and choose these transactions and don’t provide details you are being shady at best.
You seem to post in every single discussion here. If you spent more time listing and selling homes rather than sitting on your butt posting here, you would be able to live in LaJolla or RSF. And of course you always have to get the last word in, but I won’t be around to view your next “gem”. I’ll mark this discussion as case closed. Nothing more to discuss here.
