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  • January 31, 2009 at 12:33 AM #339740
    SD Realtor
    Participant

    I am going to refrain from speculation and give a few facts so you can draw your own conclusion.

    The first comp you listed on 12166 Carmel Park which is currently at 825 was listed last year at an opening price of 960k. The owners have chased the market down and are now at a price that IMO will still not be reached. They were in a price range of 825-875 when they gave up on the listing during the previous listing period.

    The second comp you listed on San Maritine which is at 749k has been on the market for 60 days. Of course they to were listed last fall but only for 40 days and they were at 775-795.

    Speculating about this region is kind of worthless, especially given the fact that there is only one property even pending right now that is over 2000 sf. The region I defined was a simple polygon around the Carmel del Mar Park.

    January 31, 2009 at 7:22 AM #339247
    Coronita
    Participant

    [quote=MadeInTaiwan]My retail bank branch manager friend stated that Carmel Valley is among the leaders if not the leader in the county for car repos. I think he mentioned this in 2008. Draw your own conclusions.[/quote]

    bring data. Specifically, I wouldn’t mind a nice repo.

    January 31, 2009 at 7:22 AM #339574
    Coronita
    Participant

    [quote=MadeInTaiwan]My retail bank branch manager friend stated that Carmel Valley is among the leaders if not the leader in the county for car repos. I think he mentioned this in 2008. Draw your own conclusions.[/quote]

    bring data. Specifically, I wouldn’t mind a nice repo.

    January 31, 2009 at 7:22 AM #339668
    Coronita
    Participant

    [quote=MadeInTaiwan]My retail bank branch manager friend stated that Carmel Valley is among the leaders if not the leader in the county for car repos. I think he mentioned this in 2008. Draw your own conclusions.[/quote]

    bring data. Specifically, I wouldn’t mind a nice repo.

    January 31, 2009 at 7:22 AM #339696
    Coronita
    Participant

    [quote=MadeInTaiwan]My retail bank branch manager friend stated that Carmel Valley is among the leaders if not the leader in the county for car repos. I think he mentioned this in 2008. Draw your own conclusions.[/quote]

    bring data. Specifically, I wouldn’t mind a nice repo.

    January 31, 2009 at 7:22 AM #339790
    Coronita
    Participant

    [quote=MadeInTaiwan]My retail bank branch manager friend stated that Carmel Valley is among the leaders if not the leader in the county for car repos. I think he mentioned this in 2008. Draw your own conclusions.[/quote]

    bring data. Specifically, I wouldn’t mind a nice repo.

    January 31, 2009 at 7:26 AM #339242
    Coronita
    Participant

    [quote=zk][quote=flu]25% off peak 2005 is nothing. [/quote]

    By this I assume you mean that you believe that there is a lot more to come. If that’s what you mean, I totally agree.

    Any way you slice it, a half a million dollars (plus transaction costs) is a lot of money for some poor bastard to have lost in 3 years.
    [/quote]

    That “poor person” that lost $500k i suspect is the bank…or I should say us “poor taxpayers”. You think the buyer actually lost $500k?
    I’d be curious for someone to dig up his/her loan papers. If I suspect, i would guess someone with 100% financing or at most 20% down, with interest only….I’ll refrain from speculation though.

    Nevertheless, I think the top end $1.3-1.9 million are gonna get hit big time no doubt.

    January 31, 2009 at 7:26 AM #339569
    Coronita
    Participant

    [quote=zk][quote=flu]25% off peak 2005 is nothing. [/quote]

    By this I assume you mean that you believe that there is a lot more to come. If that’s what you mean, I totally agree.

    Any way you slice it, a half a million dollars (plus transaction costs) is a lot of money for some poor bastard to have lost in 3 years.
    [/quote]

    That “poor person” that lost $500k i suspect is the bank…or I should say us “poor taxpayers”. You think the buyer actually lost $500k?
    I’d be curious for someone to dig up his/her loan papers. If I suspect, i would guess someone with 100% financing or at most 20% down, with interest only….I’ll refrain from speculation though.

    Nevertheless, I think the top end $1.3-1.9 million are gonna get hit big time no doubt.

    January 31, 2009 at 7:26 AM #339663
    Coronita
    Participant

    [quote=zk][quote=flu]25% off peak 2005 is nothing. [/quote]

    By this I assume you mean that you believe that there is a lot more to come. If that’s what you mean, I totally agree.

    Any way you slice it, a half a million dollars (plus transaction costs) is a lot of money for some poor bastard to have lost in 3 years.
    [/quote]

    That “poor person” that lost $500k i suspect is the bank…or I should say us “poor taxpayers”. You think the buyer actually lost $500k?
    I’d be curious for someone to dig up his/her loan papers. If I suspect, i would guess someone with 100% financing or at most 20% down, with interest only….I’ll refrain from speculation though.

    Nevertheless, I think the top end $1.3-1.9 million are gonna get hit big time no doubt.

    January 31, 2009 at 7:26 AM #339691
    Coronita
    Participant

    [quote=zk][quote=flu]25% off peak 2005 is nothing. [/quote]

    By this I assume you mean that you believe that there is a lot more to come. If that’s what you mean, I totally agree.

    Any way you slice it, a half a million dollars (plus transaction costs) is a lot of money for some poor bastard to have lost in 3 years.
    [/quote]

    That “poor person” that lost $500k i suspect is the bank…or I should say us “poor taxpayers”. You think the buyer actually lost $500k?
    I’d be curious for someone to dig up his/her loan papers. If I suspect, i would guess someone with 100% financing or at most 20% down, with interest only….I’ll refrain from speculation though.

    Nevertheless, I think the top end $1.3-1.9 million are gonna get hit big time no doubt.

    January 31, 2009 at 7:26 AM #339785
    Coronita
    Participant

    [quote=zk][quote=flu]25% off peak 2005 is nothing. [/quote]

    By this I assume you mean that you believe that there is a lot more to come. If that’s what you mean, I totally agree.

    Any way you slice it, a half a million dollars (plus transaction costs) is a lot of money for some poor bastard to have lost in 3 years.
    [/quote]

    That “poor person” that lost $500k i suspect is the bank…or I should say us “poor taxpayers”. You think the buyer actually lost $500k?
    I’d be curious for someone to dig up his/her loan papers. If I suspect, i would guess someone with 100% financing or at most 20% down, with interest only….I’ll refrain from speculation though.

    Nevertheless, I think the top end $1.3-1.9 million are gonna get hit big time no doubt.

    January 31, 2009 at 7:31 AM #339252
    Coronita
    Participant

    [quote=sdrealtor]Sorry stocktradr but did you not post the following a couple days ago?

    “And THAT reminds me, I am have now exceeded my self-imposed ration of ONE post per month to this ridiculous blog site.

    Time to ignore this web site for at least another 30-days.”

    Come back in 30 days and we’ll provide you the information you want to gloat about your “friends” misfortune.

    That one was for you FLU. We Realtors can be precise on points too.

    [/quote]

    Lol…powned.

    BTW: I thought the unemployment numbers in Bay Area and L.A. were much worse than S.D. I read that somewhere, but forget now. Let me dig it up.

    January 31, 2009 at 7:31 AM #339579
    Coronita
    Participant

    [quote=sdrealtor]Sorry stocktradr but did you not post the following a couple days ago?

    “And THAT reminds me, I am have now exceeded my self-imposed ration of ONE post per month to this ridiculous blog site.

    Time to ignore this web site for at least another 30-days.”

    Come back in 30 days and we’ll provide you the information you want to gloat about your “friends” misfortune.

    That one was for you FLU. We Realtors can be precise on points too.

    [/quote]

    Lol…powned.

    BTW: I thought the unemployment numbers in Bay Area and L.A. were much worse than S.D. I read that somewhere, but forget now. Let me dig it up.

    January 31, 2009 at 7:31 AM #339673
    Coronita
    Participant

    [quote=sdrealtor]Sorry stocktradr but did you not post the following a couple days ago?

    “And THAT reminds me, I am have now exceeded my self-imposed ration of ONE post per month to this ridiculous blog site.

    Time to ignore this web site for at least another 30-days.”

    Come back in 30 days and we’ll provide you the information you want to gloat about your “friends” misfortune.

    That one was for you FLU. We Realtors can be precise on points too.

    [/quote]

    Lol…powned.

    BTW: I thought the unemployment numbers in Bay Area and L.A. were much worse than S.D. I read that somewhere, but forget now. Let me dig it up.

    January 31, 2009 at 7:31 AM #339701
    Coronita
    Participant

    [quote=sdrealtor]Sorry stocktradr but did you not post the following a couple days ago?

    “And THAT reminds me, I am have now exceeded my self-imposed ration of ONE post per month to this ridiculous blog site.

    Time to ignore this web site for at least another 30-days.”

    Come back in 30 days and we’ll provide you the information you want to gloat about your “friends” misfortune.

    That one was for you FLU. We Realtors can be precise on points too.

    [/quote]

    Lol…powned.

    BTW: I thought the unemployment numbers in Bay Area and L.A. were much worse than S.D. I read that somewhere, but forget now. Let me dig it up.

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