Home › Forums › Closed Forums › Properties or Areas › 50% hit downtown.
- This topic has 15 replies, 5 voices, and was last updated 17 years, 3 months ago by
waterboy.
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August 22, 2007 at 4:31 PM #9984August 22, 2007 at 4:47 PM #79292
PCinSD
GuestYep, there’s a bunch in there. The forum at sdlookup mentions lawsuits and another tower going up, hence the huge cuts in prices for some of the units. For example:
http://www.sdlookup.com/Property-FBAF2F01-702_Ash_St_304_San_Diego_CA_92101
pabloesqobar
August 22, 2007 at 4:47 PM #79421GuestYep, there’s a bunch in there. The forum at sdlookup mentions lawsuits and another tower going up, hence the huge cuts in prices for some of the units. For example:
http://www.sdlookup.com/Property-FBAF2F01-702_Ash_St_304_San_Diego_CA_92101
pabloesqobar
August 22, 2007 at 4:47 PM #79440GuestYep, there’s a bunch in there. The forum at sdlookup mentions lawsuits and another tower going up, hence the huge cuts in prices for some of the units. For example:
http://www.sdlookup.com/Property-FBAF2F01-702_Ash_St_304_San_Diego_CA_92101
pabloesqobar
August 22, 2007 at 4:55 PM #79304Mr_Brightside
ParticipantThis is a great example of the market correction along with the general failure of a specific project due to the usual suspects of optimistic financial projections on the part of the developer coupled with the real estate can’t go down mantra of the time.
August 22, 2007 at 4:55 PM #79433ParticipantThis is a great example of the market correction along with the general failure of a specific project due to the usual suspects of optimistic financial projections on the part of the developer coupled with the real estate can’t go down mantra of the time.
August 22, 2007 at 4:55 PM #79452ParticipantThis is a great example of the market correction along with the general failure of a specific project due to the usual suspects of optimistic financial projections on the part of the developer coupled with the real estate can’t go down mantra of the time.
August 22, 2007 at 5:01 PM #79313GoUSC
ParticipantAs stated above, El Cortez is not a real good indicator because of special circumstances related to this project. IE there are several construction defect lawsuits that have been in process along with the construction of a new tower that will essentially destroy the views. So yes it’s the first 50% reduction but not exactly reflective of the rest of the market (don’t worry, they will catch up).
Mark
August 22, 2007 at 5:01 PM #79442ParticipantAs stated above, El Cortez is not a real good indicator because of special circumstances related to this project. IE there are several construction defect lawsuits that have been in process along with the construction of a new tower that will essentially destroy the views. So yes it’s the first 50% reduction but not exactly reflective of the rest of the market (don’t worry, they will catch up).
Mark
August 22, 2007 at 5:01 PM #79461ParticipantAs stated above, El Cortez is not a real good indicator because of special circumstances related to this project. IE there are several construction defect lawsuits that have been in process along with the construction of a new tower that will essentially destroy the views. So yes it’s the first 50% reduction but not exactly reflective of the rest of the market (don’t worry, they will catch up).
Mark
August 22, 2007 at 5:03 PM #79319Arraya
Participanthaha.. you are calling foul on my 50% off find. ok, back to the drawing board.
August 22, 2007 at 5:03 PM #79447Participanthaha.. you are calling foul on my 50% off find. ok, back to the drawing board.
August 22, 2007 at 5:03 PM #79467Participanthaha.. you are calling foul on my 50% off find. ok, back to the drawing board.
August 22, 2007 at 5:17 PM #79325waterboy
Participant“Bank-owned foreclosure. Sold as is. Price just reduced! Own a piece of history in the el cortez. Enjoy all the excitement of downtown san diego! This is a nice dual master suite unit on the second floor with easy access to huge common area balcony. Great value at less than $310/sq. Ft. Bring your value-oriented buyers.”
Bring your value-oriented buyers…who writes this stuff! Wasn’t sure that we had different classifications of buyers. It’s like the investment style boxes of mutual funds.
They also forgot to include.
-Great views of planes flying overhead
-Perfect for wedding crashers as they have at least 1 every week in the Don Ron roomAugust 22, 2007 at 5:17 PM #79454Participant“Bank-owned foreclosure. Sold as is. Price just reduced! Own a piece of history in the el cortez. Enjoy all the excitement of downtown san diego! This is a nice dual master suite unit on the second floor with easy access to huge common area balcony. Great value at less than $310/sq. Ft. Bring your value-oriented buyers.”
Bring your value-oriented buyers…who writes this stuff! Wasn’t sure that we had different classifications of buyers. It’s like the investment style boxes of mutual funds.
They also forgot to include.
-Great views of planes flying overhead
-Perfect for wedding crashers as they have at least 1 every week in the Don Ron room -
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