Home › Forums › Closed Forums › Properties or Areas › Big Losses in La Jolla › You don’t even have to be
You don’t even have to be that coastal. There are a lot of wacked out wanna-be-sellers with list prices significantly above the bubble price.
Here’s my favorite example. (In my neighborhood, so I’ve been following it.)
http://www.redfin.com/CA/San-Diego/4321-Bromfield-Ave-92122/home/4891534
Sold in 2001 for $543k Sold in 2008 for $890k Listed in 2009 for $949k
So, despite the market downturn, they’re still trying to get 7% return in one year. There’s a reason this listing is sitting on the market.
