Last sale, $308k in 2005. On market over 6 months for $237k.
I’m not looking for 60% off. I’m looking for 20-30% off property in blue-collar areas that I can rent without too much difficults.[/quote]
And what makes you think you’ll get an additional 40-50% off this point on?
No one is disagreeing with you that prices in some places won’t return back to peak. But you seem to be of the notion that these places are going to crater another 40-50% once interest rates go up. Ain’t gonna happen.
The bottom for these places were in the $120k-140 range BTW….Also, being the close proximity to sdsu…rents for $1300-1400/month….Well, this won’t probably won’t because it’s a piece of shit…There are much nicer places that are larger and costed less.
