[quote=spdrun]svelte: it’s not where as much as what. lower-end (not necessarily bad) condos that would have been snapped up by investors at a given price in 2013 or 2014 aren’t moving as fast this year. the middle and high end markets are still moving well.
bearishgurl: agree that dual-tracking was dishonest. however, i think there should have not even been lip-service to a mod unless there were exigent circumstances involved (job loss, death in family, serious illness in family). miss a few payments outside of said circumstances, house should have gone on the block and become a REO on the MLS.
Failing to analyze and think before making an expensive leveraged investment is not a good enough excuse (IMHO).[/quote]
It depends on where. MM seems to be buzzing along just fine. I don’t seem many 1/1s on the markets that are less than $180k. And when they are less than $180k, they usually go pretty quick. 1/1’s are as low end as you are going to get in this hood.
College area by SDSU seemed to be doing just fine as well. Probably not the same appreciation in north county areas, but it’s still pretty decent. There are probably areas that will never recover. But it makes you wonder why you would consider buying there to begin with.
