That’s where we lived, in Bel Etage. We sold back in ’03, when I lost my job.
The poor gay guy who bought our house has had it on the market, off and on, for over a year. What a single guy needed with a 4.5K sq. ft. McMansion was beyond me (great hot tub parties?).
My Bel Etage neighbors were, like us back then, living on home equity. I thank God once a month that I lost my job, had to sell, and then took a fresh, unvarnished look at prices and fundamentals in San Diego real estate.
Savenna and Salviati were more expensive than Bel Etage, so the folks there may have more substantial means than the Bel Etage folks. But, I’m guessing that the Savenna and Salviati folks won’t be too far behind in putting their homes on the block, because they were, it appeared to me back then, living off of home equity, too (just more of it).
