34% SFR loss in Pacific Beach in just 12 months

[jpinpb]

So far people are holding on in the desperate denial that things are not that bad. But if they were smart, anyone in trouble would get out while they can. It’s going to get worse before better. Read any of the topics on this site. I think about maybe scrounging up the money for any old place I can get and then I think, what if that nice place I really want goes down in price a year or 2 from now.

It’s not impossible. It will be a year or 2 before this market plateaus.

[Anonymous]

I’d love to pick up a house on Opal for $400k, but I just can’t see it… especially considering a teeny one up by Ingraham on Opal sold less than a year ago for well over $800k, and a fixer, but large on a good size lot, in I think maybe the 1200 block, sold within the past 6 months or so for well over $800k. Rents seem pretty high around here too… $2400 and up for a 3 BR condo is a bit much! I’ll be with you watching to see what happens. I look at the listings and the solds all the time waiting for some movement in PB. I’d love to keep my condo and pick up a cheap house!

[Anonymous]

I’d love to pick up a house on Opal for $400k, but I just can’t see it… especially considering a teeny one up by Ingraham on Opal sold less than a year ago for well over $800k, and a fixer, but large on a good size lot, in I think maybe the 1200 block, sold within the past 6 months or so for well over $800k. Rents seem pretty high around here too… $2400 and up for a 3 BR condo is a bit much! I’ll be with you watching to see what happens. I look at the listings and the solds all the time waiting for some movement in PB. I’d love to keep my condo and pick up a cheap house!

[Anonymous]

I’d love to pick up a house on Opal for $400k, but I just can’t see it… especially considering a teeny one up by Ingraham on Opal sold less than a year ago for well over $800k, and a fixer, but large on a good size lot, in I think maybe the 1200 block, sold within the past 6 months or so for well over $800k. Rents seem pretty high around here too… $2400 and up for a 3 BR condo is a bit much! I’ll be with you watching to see what happens. I look at the listings and the solds all the time waiting for some movement in PB. I’d love to keep my condo and pick up a cheap house!

[Anonymous]

I’d love to pick up a house on Opal for $400k, but I just can’t see it… especially considering a teeny one up by Ingraham on Opal sold less than a year ago for well over $800k, and a fixer, but large on a good size lot, in I think maybe the 1200 block, sold within the past 6 months or so for well over $800k. Rents seem pretty high around here too… $2400 and up for a 3 BR condo is a bit much! I’ll be with you watching to see what happens. I look at the listings and the solds all the time waiting for some movement in PB. I’d love to keep my condo and pick up a cheap house!

[Anonymous]

I’d love to pick up a house on Opal for $400k, but I just can’t see it… especially considering a teeny one up by Ingraham on Opal sold less than a year ago for well over $800k, and a fixer, but large on a good size lot, in I think maybe the 1200 block, sold within the past 6 months or so for well over $800k. Rents seem pretty high around here too… $2400 and up for a 3 BR condo is a bit much! I’ll be with you watching to see what happens. I look at the listings and the solds all the time waiting for some movement in PB. I’d love to keep my condo and pick up a cheap house!

[djc]

$2400 for a 3br is not too much when you look at it as $800×3.

$800 is nothing to live in pb with two of your friends! Remember, a large part of pb are the college kids.

There were 1br apts in my old complex that had 2 girls living in them. I guess when you are 21, you don’t need space, just the beach and close bar proximity!

[djc]

$2400 for a 3br is not too much when you look at it as $800×3.

$800 is nothing to live in pb with two of your friends! Remember, a large part of pb are the college kids.

There were 1br apts in my old complex that had 2 girls living in them. I guess when you are 21, you don’t need space, just the beach and close bar proximity!

[djc]

$2400 for a 3br is not too much when you look at it as $800×3.

$800 is nothing to live in pb with two of your friends! Remember, a large part of pb are the college kids.

There were 1br apts in my old complex that had 2 girls living in them. I guess when you are 21, you don’t need space, just the beach and close bar proximity!

[djc]

$2400 for a 3br is not too much when you look at it as $800×3.

$800 is nothing to live in pb with two of your friends! Remember, a large part of pb are the college kids.

There were 1br apts in my old complex that had 2 girls living in them. I guess when you are 21, you don’t need space, just the beach and close bar proximity!

[djc]

$2400 for a 3br is not too much when you look at it as $800×3.

$800 is nothing to live in pb with two of your friends! Remember, a large part of pb are the college kids.

There were 1br apts in my old complex that had 2 girls living in them. I guess when you are 21, you don’t need space, just the beach and close bar proximity!

[jpinpb]

A lot of those little houses get bought by developers who don’t care about the $$$$. They mow it down and throw up 4 to 6 condos for 700k. Those sales won’t be happening much in this market now, so maybe the condo building will slow a little.

[jpinpb]

A lot of those little houses get bought by developers who don’t care about the $$$$. They mow it down and throw up 4 to 6 condos for 700k. Those sales won’t be happening much in this market now, so maybe the condo building will slow a little.

[jpinpb]

A lot of those little houses get bought by developers who don’t care about the $$$$. They mow it down and throw up 4 to 6 condos for 700k. Those sales won’t be happening much in this market now, so maybe the condo building will slow a little.

[jpinpb]

A lot of those little houses get bought by developers who don’t care about the $$$$. They mow it down and throw up 4 to 6 condos for 700k. Those sales won’t be happening much in this market now, so maybe the condo building will slow a little.

[Author]

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