Big Losses in La Jolla

[UCGal]

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.

[CA renter]

[quote=XBoxBoy][quote=DaCounselor]How can anyone support an argument that the coast is immune anymore? [/quote]

Like triakis66 I find the situation in LJ frustrating. The majority of sellers seem to think prices are up from 2005, not down.

How anyone can justify this thinking, given the high level of inventory, and the reality that usually it takes a decent discount to sell a place, is beyond me. But from looking at the asking prices of most listings, there are clearly lots of people who believe the coast is immune.

XBoxBoy[/quote]

Same thing in North County. It seems most current listings (that had previously sold during the peak) are being listed for MORE than they paid. Perhaps it’s just because they have no choice, but it is annoying.

[CA renter]

[quote=XBoxBoy][quote=DaCounselor]How can anyone support an argument that the coast is immune anymore? [/quote]

Like triakis66 I find the situation in LJ frustrating. The majority of sellers seem to think prices are up from 2005, not down.

How anyone can justify this thinking, given the high level of inventory, and the reality that usually it takes a decent discount to sell a place, is beyond me. But from looking at the asking prices of most listings, there are clearly lots of people who believe the coast is immune.

XBoxBoy[/quote]

Same thing in North County. It seems most current listings (that had previously sold during the peak) are being listed for MORE than they paid. Perhaps it’s just because they have no choice, but it is annoying.

[CA renter]

[quote=XBoxBoy][quote=DaCounselor]How can anyone support an argument that the coast is immune anymore? [/quote]

Like triakis66 I find the situation in LJ frustrating. The majority of sellers seem to think prices are up from 2005, not down.

How anyone can justify this thinking, given the high level of inventory, and the reality that usually it takes a decent discount to sell a place, is beyond me. But from looking at the asking prices of most listings, there are clearly lots of people who believe the coast is immune.

XBoxBoy[/quote]

Same thing in North County. It seems most current listings (that had previously sold during the peak) are being listed for MORE than they paid. Perhaps it’s just because they have no choice, but it is annoying.

[CA renter]

[quote=XBoxBoy][quote=DaCounselor]How can anyone support an argument that the coast is immune anymore? [/quote]

Like triakis66 I find the situation in LJ frustrating. The majority of sellers seem to think prices are up from 2005, not down.

How anyone can justify this thinking, given the high level of inventory, and the reality that usually it takes a decent discount to sell a place, is beyond me. But from looking at the asking prices of most listings, there are clearly lots of people who believe the coast is immune.

XBoxBoy[/quote]

Same thing in North County. It seems most current listings (that had previously sold during the peak) are being listed for MORE than they paid. Perhaps it’s just because they have no choice, but it is annoying.

[CA renter]

[quote=XBoxBoy][quote=DaCounselor]How can anyone support an argument that the coast is immune anymore? [/quote]

Like triakis66 I find the situation in LJ frustrating. The majority of sellers seem to think prices are up from 2005, not down.

How anyone can justify this thinking, given the high level of inventory, and the reality that usually it takes a decent discount to sell a place, is beyond me. But from looking at the asking prices of most listings, there are clearly lots of people who believe the coast is immune.

XBoxBoy[/quote]

Same thing in North County. It seems most current listings (that had previously sold during the peak) are being listed for MORE than they paid. Perhaps it’s just because they have no choice, but it is annoying.

[zzz]

don’t get me started on mission hills. its like the housing bubble never burst

[zzz]

don’t get me started on mission hills. its like the housing bubble never burst

[zzz]

don’t get me started on mission hills. its like the housing bubble never burst

[zzz]

don’t get me started on mission hills. its like the housing bubble never burst

[zzz]

don’t get me started on mission hills. its like the housing bubble never burst

[zzz]

this is listed as a short sale so wondering if anyone knows the story on this house as the PPSF is out of whack with the neighborhood if it does go in the 900k range

http://www.sdlookup.com/MLS-090029754-

[zzz]

this is listed as a short sale so wondering if anyone knows the story on this house as the PPSF is out of whack with the neighborhood if it does go in the 900k range

http://www.sdlookup.com/MLS-090029754-

[zzz]

this is listed as a short sale so wondering if anyone knows the story on this house as the PPSF is out of whack with the neighborhood if it does go in the 900k range

http://www.sdlookup.com/MLS-090029754-

[zzz]

this is listed as a short sale so wondering if anyone knows the story on this house as the PPSF is out of whack with the neighborhood if it does go in the 900k range

http://www.sdlookup.com/MLS-090029754-

[Author]

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