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92024.
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January 14, 2009 at 11:59 AM #329107January 14, 2009 at 12:42 PM #328611
patientlywaiting
Participant[quote=CONCHO] A lot of euros do come here though, I see them all the time. You can spot them because they’re the ones that aren’t wearing Chargers jerseys 3 times too big for them or walking around with a Double Gulp from 7-Eleven in each hand…[/quote]
I believe these are well-to-do folks from Latin America who have family ties to Europe.
We fail to realize it but there are different classes of Latinos.
I heard that some Euros now have to get evisas. Another travel hassle.
January 14, 2009 at 12:42 PM #328949Participant[quote=CONCHO] A lot of euros do come here though, I see them all the time. You can spot them because they’re the ones that aren’t wearing Chargers jerseys 3 times too big for them or walking around with a Double Gulp from 7-Eleven in each hand…[/quote]
I believe these are well-to-do folks from Latin America who have family ties to Europe.
We fail to realize it but there are different classes of Latinos.
I heard that some Euros now have to get evisas. Another travel hassle.
January 14, 2009 at 12:42 PM #329021Participant[quote=CONCHO] A lot of euros do come here though, I see them all the time. You can spot them because they’re the ones that aren’t wearing Chargers jerseys 3 times too big for them or walking around with a Double Gulp from 7-Eleven in each hand…[/quote]
I believe these are well-to-do folks from Latin America who have family ties to Europe.
We fail to realize it but there are different classes of Latinos.
I heard that some Euros now have to get evisas. Another travel hassle.
January 14, 2009 at 12:42 PM #329045Participant[quote=CONCHO] A lot of euros do come here though, I see them all the time. You can spot them because they’re the ones that aren’t wearing Chargers jerseys 3 times too big for them or walking around with a Double Gulp from 7-Eleven in each hand…[/quote]
I believe these are well-to-do folks from Latin America who have family ties to Europe.
We fail to realize it but there are different classes of Latinos.
I heard that some Euros now have to get evisas. Another travel hassle.
January 14, 2009 at 12:42 PM #329128Participant[quote=CONCHO] A lot of euros do come here though, I see them all the time. You can spot them because they’re the ones that aren’t wearing Chargers jerseys 3 times too big for them or walking around with a Double Gulp from 7-Eleven in each hand…[/quote]
I believe these are well-to-do folks from Latin America who have family ties to Europe.
We fail to realize it but there are different classes of Latinos.
I heard that some Euros now have to get evisas. Another travel hassle.
January 16, 2009 at 10:12 AM #329862Huckleberry
ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
January 16, 2009 at 10:12 AM #330201ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
January 16, 2009 at 10:12 AM #330274ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
January 16, 2009 at 10:12 AM #330302ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
January 16, 2009 at 10:12 AM #330385ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
January 16, 2009 at 11:50 PM #33032392024
ParticipantThanks for the food for thought. I appreciate the insight. I am not sure anyone answered the question if any buildings allow subletting or vacation rentals. Thoughts? Sorry for going awol after the initial post.
92024
P.S. Concho, great post. You have mastered the art of Piggy sarcasm. Sorry for wanting to buy real estate. The nerve!January 16, 2009 at 11:50 PM #330659ParticipantThanks for the food for thought. I appreciate the insight. I am not sure anyone answered the question if any buildings allow subletting or vacation rentals. Thoughts? Sorry for going awol after the initial post.
92024
P.S. Concho, great post. You have mastered the art of Piggy sarcasm. Sorry for wanting to buy real estate. The nerve!January 16, 2009 at 11:50 PM #330735ParticipantThanks for the food for thought. I appreciate the insight. I am not sure anyone answered the question if any buildings allow subletting or vacation rentals. Thoughts? Sorry for going awol after the initial post.
92024
P.S. Concho, great post. You have mastered the art of Piggy sarcasm. Sorry for wanting to buy real estate. The nerve!January 16, 2009 at 11:50 PM #330762ParticipantThanks for the food for thought. I appreciate the insight. I am not sure anyone answered the question if any buildings allow subletting or vacation rentals. Thoughts? Sorry for going awol after the initial post.
92024
P.S. Concho, great post. You have mastered the art of Piggy sarcasm. Sorry for wanting to buy real estate. The nerve! -
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