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poway_seller.
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June 23, 2008 at 10:57 PM #227626June 24, 2008 at 8:45 AM #227602
poway_seller
ParticipantDid anyone make it to the open house for the Madra place?
June 24, 2008 at 8:45 AM #227717ParticipantDid anyone make it to the open house for the Madra place?
June 24, 2008 at 8:45 AM #227727ParticipantDid anyone make it to the open house for the Madra place?
June 24, 2008 at 8:45 AM #227764ParticipantDid anyone make it to the open house for the Madra place?
June 24, 2008 at 8:45 AM #227780ParticipantDid anyone make it to the open house for the Madra place?
June 25, 2008 at 9:59 AM #228251KamFongasChinHo
ParticipantVulture, what do you mean that these homes were bought for a bargain? And do you have stats to backup your 40 to 50% number? Look, I like this area, but the area is emblematic of SD real estate, many homeowners bought more than they could afford with exoctic loans and also had a high debt to income ratios that couldn’t be maintained artificially pushing prices higher. Now because people are seeing high prices but still lower than the 2005 peak they think these homes are a “bargain” With many banks failing you won’t see them taking risks in allowing exoctic loans or high debt to income ratios and thus the demand in terms of dollars for these homes should be reduced significantly. Look at the delinquent taxes for some of these homes that have been for sale for some time to see the distress. You’ll see drops once people lose their homes to the bank like in Chula Vista.
June 25, 2008 at 9:59 AM #228370ParticipantVulture, what do you mean that these homes were bought for a bargain? And do you have stats to backup your 40 to 50% number? Look, I like this area, but the area is emblematic of SD real estate, many homeowners bought more than they could afford with exoctic loans and also had a high debt to income ratios that couldn’t be maintained artificially pushing prices higher. Now because people are seeing high prices but still lower than the 2005 peak they think these homes are a “bargain” With many banks failing you won’t see them taking risks in allowing exoctic loans or high debt to income ratios and thus the demand in terms of dollars for these homes should be reduced significantly. Look at the delinquent taxes for some of these homes that have been for sale for some time to see the distress. You’ll see drops once people lose their homes to the bank like in Chula Vista.
June 25, 2008 at 9:59 AM #228379ParticipantVulture, what do you mean that these homes were bought for a bargain? And do you have stats to backup your 40 to 50% number? Look, I like this area, but the area is emblematic of SD real estate, many homeowners bought more than they could afford with exoctic loans and also had a high debt to income ratios that couldn’t be maintained artificially pushing prices higher. Now because people are seeing high prices but still lower than the 2005 peak they think these homes are a “bargain” With many banks failing you won’t see them taking risks in allowing exoctic loans or high debt to income ratios and thus the demand in terms of dollars for these homes should be reduced significantly. Look at the delinquent taxes for some of these homes that have been for sale for some time to see the distress. You’ll see drops once people lose their homes to the bank like in Chula Vista.
June 25, 2008 at 9:59 AM #228411ParticipantVulture, what do you mean that these homes were bought for a bargain? And do you have stats to backup your 40 to 50% number? Look, I like this area, but the area is emblematic of SD real estate, many homeowners bought more than they could afford with exoctic loans and also had a high debt to income ratios that couldn’t be maintained artificially pushing prices higher. Now because people are seeing high prices but still lower than the 2005 peak they think these homes are a “bargain” With many banks failing you won’t see them taking risks in allowing exoctic loans or high debt to income ratios and thus the demand in terms of dollars for these homes should be reduced significantly. Look at the delinquent taxes for some of these homes that have been for sale for some time to see the distress. You’ll see drops once people lose their homes to the bank like in Chula Vista.
June 25, 2008 at 9:59 AM #228428ParticipantVulture, what do you mean that these homes were bought for a bargain? And do you have stats to backup your 40 to 50% number? Look, I like this area, but the area is emblematic of SD real estate, many homeowners bought more than they could afford with exoctic loans and also had a high debt to income ratios that couldn’t be maintained artificially pushing prices higher. Now because people are seeing high prices but still lower than the 2005 peak they think these homes are a “bargain” With many banks failing you won’t see them taking risks in allowing exoctic loans or high debt to income ratios and thus the demand in terms of dollars for these homes should be reduced significantly. Look at the delinquent taxes for some of these homes that have been for sale for some time to see the distress. You’ll see drops once people lose their homes to the bank like in Chula Vista.
June 25, 2008 at 11:37 PM #228581Anonymous
GuestKam, hard or written proof i dont have, but from what i have been hearing from brokers and real estate appraisers in the area is that houses were being listed close to the 2 mil mark well over a year ago and they were sold recently around the 1 mil level…and hence my description of these homes on Dwane Ave as a “bargain”…purely historic price comparison and an attempt to answer Poway Seller’s question of what was the best deal this year for a house in Del Cerro.
June 25, 2008 at 11:37 PM #228700GuestKam, hard or written proof i dont have, but from what i have been hearing from brokers and real estate appraisers in the area is that houses were being listed close to the 2 mil mark well over a year ago and they were sold recently around the 1 mil level…and hence my description of these homes on Dwane Ave as a “bargain”…purely historic price comparison and an attempt to answer Poway Seller’s question of what was the best deal this year for a house in Del Cerro.
June 25, 2008 at 11:37 PM #228708GuestKam, hard or written proof i dont have, but from what i have been hearing from brokers and real estate appraisers in the area is that houses were being listed close to the 2 mil mark well over a year ago and they were sold recently around the 1 mil level…and hence my description of these homes on Dwane Ave as a “bargain”…purely historic price comparison and an attempt to answer Poway Seller’s question of what was the best deal this year for a house in Del Cerro.
June 25, 2008 at 11:37 PM #228741GuestKam, hard or written proof i dont have, but from what i have been hearing from brokers and real estate appraisers in the area is that houses were being listed close to the 2 mil mark well over a year ago and they were sold recently around the 1 mil level…and hence my description of these homes on Dwane Ave as a “bargain”…purely historic price comparison and an attempt to answer Poway Seller’s question of what was the best deal this year for a house in Del Cerro.
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