Carmel Valley Monitor

[DWCAP]

This sounds alot like what the rest of SD did in late 2006, early 2007. Attached units falling, detached units just not selling very much. Crazy/terrible/destructive financing creaping into the picture, but stong economy of the past giving a sales history that doesnt indicate the pending drop. Belief that the end (of the correction) is near and that Uncle ben and his easy bake interest rate rice will spur consumer hunger again. Denial and entitlement abounding, holding everything together.
And look where the rest of SD is…..

[DWCAP]

This sounds alot like what the rest of SD did in late 2006, early 2007. Attached units falling, detached units just not selling very much. Crazy/terrible/destructive financing creaping into the picture, but stong economy of the past giving a sales history that doesnt indicate the pending drop. Belief that the end (of the correction) is near and that Uncle ben and his easy bake interest rate rice will spur consumer hunger again. Denial and entitlement abounding, holding everything together.
And look where the rest of SD is…..

[DWCAP]

This sounds alot like what the rest of SD did in late 2006, early 2007. Attached units falling, detached units just not selling very much. Crazy/terrible/destructive financing creaping into the picture, but stong economy of the past giving a sales history that doesnt indicate the pending drop. Belief that the end (of the correction) is near and that Uncle ben and his easy bake interest rate rice will spur consumer hunger again. Denial and entitlement abounding, holding everything together.
And look where the rest of SD is…..

[DWCAP]

This sounds alot like what the rest of SD did in late 2006, early 2007. Attached units falling, detached units just not selling very much. Crazy/terrible/destructive financing creaping into the picture, but stong economy of the past giving a sales history that doesnt indicate the pending drop. Belief that the end (of the correction) is near and that Uncle ben and his easy bake interest rate rice will spur consumer hunger again. Denial and entitlement abounding, holding everything together.
And look where the rest of SD is…..

[NotCranky]

sdrealtor, Thanks for all the insights.

LArenter, your comments paint the picture I was thinking of. There are 18% fewer listings and 38% fewer pendings than last year at this time and this is still one of the stronger neighborhoods, yikes. Hunker down it is, I guess.

Good comments all over the threads on CV, FLU. I am learning a lot about this area from you.

[NotCranky]

sdrealtor, Thanks for all the insights.

LArenter, your comments paint the picture I was thinking of. There are 18% fewer listings and 38% fewer pendings than last year at this time and this is still one of the stronger neighborhoods, yikes. Hunker down it is, I guess.

Good comments all over the threads on CV, FLU. I am learning a lot about this area from you.

[NotCranky]

sdrealtor, Thanks for all the insights.

LArenter, your comments paint the picture I was thinking of. There are 18% fewer listings and 38% fewer pendings than last year at this time and this is still one of the stronger neighborhoods, yikes. Hunker down it is, I guess.

Good comments all over the threads on CV, FLU. I am learning a lot about this area from you.

[NotCranky]

sdrealtor, Thanks for all the insights.

LArenter, your comments paint the picture I was thinking of. There are 18% fewer listings and 38% fewer pendings than last year at this time and this is still one of the stronger neighborhoods, yikes. Hunker down it is, I guess.

Good comments all over the threads on CV, FLU. I am learning a lot about this area from you.

[NotCranky]

sdrealtor, Thanks for all the insights.

LArenter, your comments paint the picture I was thinking of. There are 18% fewer listings and 38% fewer pendings than last year at this time and this is still one of the stronger neighborhoods, yikes. Hunker down it is, I guess.

Good comments all over the threads on CV, FLU. I am learning a lot about this area from you.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[jpinpb]

The Heights in Carmel Valley is being auctioned. Here is the info: http://www.auctionredcnow.com/

This REDC auctioned La Boheme in North Park. I don’t know how it went, since I did not attend. Has anyone attended these auctions? I heard that people get crazy and generally the price climbs to ridiculous amounts.

It says the starting bid is 199k. As you may know, these were apartments, condo conversions that were at one time selling for upward of 500k.

[Author]

Posts