- This topic has 9 replies, 4 voices, and was last updated 16 years, 9 months ago by
CarlsbadMtnBiker.
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October 25, 2007 at 8:12 PM #10732October 25, 2007 at 8:52 PM #91945
cr
ParticipantMaybe it was a $700,000 typo.
October 25, 2007 at 8:52 PM #91974cr
ParticipantMaybe it was a $700,000 typo.
October 25, 2007 at 8:52 PM #91984cr
ParticipantMaybe it was a $700,000 typo.
October 25, 2007 at 9:38 PM #91955Drew
ParticipantOr possibly a greedy asshole thinking that the loss of homes to the fire would allow him to increase his price. I believe that this is what happened in the Scripps Ranch area after the Cedar fire. Only this time, there are 4x the number of available homes on the market.
October 25, 2007 at 9:38 PM #91983Drew
ParticipantOr possibly a greedy asshole thinking that the loss of homes to the fire would allow him to increase his price. I believe that this is what happened in the Scripps Ranch area after the Cedar fire. Only this time, there are 4x the number of available homes on the market.
October 25, 2007 at 9:38 PM #91993Drew
ParticipantOr possibly a greedy asshole thinking that the loss of homes to the fire would allow him to increase his price. I believe that this is what happened in the Scripps Ranch area after the Cedar fire. Only this time, there are 4x the number of available homes on the market.
October 25, 2007 at 10:14 PM #91980CarlsbadMtnBiker
ParticipantI agree with Drew. There were many high value homes lost in that area and those high net worth families may elect to simply repurchase elsewhere (but remain local) with the actual cash value settlement of their insurance policy. This may be less stressful than going through a lengthy rebuild effort.
I expected this sort of micro economics after this fire. I beleive rents have already spiked locally.
I also think many agree that this sector of the market has been less affected by the housing downturn as well.
October 25, 2007 at 10:14 PM #92007CarlsbadMtnBiker
ParticipantI agree with Drew. There were many high value homes lost in that area and those high net worth families may elect to simply repurchase elsewhere (but remain local) with the actual cash value settlement of their insurance policy. This may be less stressful than going through a lengthy rebuild effort.
I expected this sort of micro economics after this fire. I beleive rents have already spiked locally.
I also think many agree that this sector of the market has been less affected by the housing downturn as well.
October 25, 2007 at 10:14 PM #92019CarlsbadMtnBiker
ParticipantI agree with Drew. There were many high value homes lost in that area and those high net worth families may elect to simply repurchase elsewhere (but remain local) with the actual cash value settlement of their insurance policy. This may be less stressful than going through a lengthy rebuild effort.
I expected this sort of micro economics after this fire. I beleive rents have already spiked locally.
I also think many agree that this sector of the market has been less affected by the housing downturn as well.
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