Carmel Valley Auction

[NotCranky]

1) You have no contiengencies, even financing contigency.

Seems like this could tend to depress sales prices by making the pool of buyers smaller.

[Raybyrnes]

It will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.

[Raybyrnes]

It will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.

[Raybyrnes]

It will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.

[Raybyrnes]

It will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.

[Raybyrnes]

It will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.

[jpinpb]

I agree that Carmel Valley and North Park are very different areas. But each area attracts a kind of person. There are many people that love North Park for the diversity, city-like feel. Those would not be the people, generally, that like Carmel Valley, safe and – hate to say this – white-bread, generally. Not saying it as an offense to anyone, just generalizing between C.V. and N.P.

Nevertheless, there are buyers looking for deals and probably just as many that would like to live in NP as CV, just different types.

I heard hundreds of people showed up for the auction in NP.

[jpinpb]

I agree that Carmel Valley and North Park are very different areas. But each area attracts a kind of person. There are many people that love North Park for the diversity, city-like feel. Those would not be the people, generally, that like Carmel Valley, safe and – hate to say this – white-bread, generally. Not saying it as an offense to anyone, just generalizing between C.V. and N.P.

Nevertheless, there are buyers looking for deals and probably just as many that would like to live in NP as CV, just different types.

I heard hundreds of people showed up for the auction in NP.

[jpinpb]

I agree that Carmel Valley and North Park are very different areas. But each area attracts a kind of person. There are many people that love North Park for the diversity, city-like feel. Those would not be the people, generally, that like Carmel Valley, safe and – hate to say this – white-bread, generally. Not saying it as an offense to anyone, just generalizing between C.V. and N.P.

Nevertheless, there are buyers looking for deals and probably just as many that would like to live in NP as CV, just different types.

I heard hundreds of people showed up for the auction in NP.

[jpinpb]

I agree that Carmel Valley and North Park are very different areas. But each area attracts a kind of person. There are many people that love North Park for the diversity, city-like feel. Those would not be the people, generally, that like Carmel Valley, safe and – hate to say this – white-bread, generally. Not saying it as an offense to anyone, just generalizing between C.V. and N.P.

Nevertheless, there are buyers looking for deals and probably just as many that would like to live in NP as CV, just different types.

I heard hundreds of people showed up for the auction in NP.

[jpinpb]

I agree that Carmel Valley and North Park are very different areas. But each area attracts a kind of person. There are many people that love North Park for the diversity, city-like feel. Those would not be the people, generally, that like Carmel Valley, safe and – hate to say this – white-bread, generally. Not saying it as an offense to anyone, just generalizing between C.V. and N.P.

Nevertheless, there are buyers looking for deals and probably just as many that would like to live in NP as CV, just different types.

I heard hundreds of people showed up for the auction in NP.

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

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