Fire cleanup discovery….no re-bar in some (all?) foundations of Montelena (Rancho Bernardo)

[Bugs]

The MLS shows a lot of similar size in that area that sold in early 2004 for $217,000. My guess is that in the current market the $695,000 was probably high and now so is the $275,000 for the lot. Whoever builds now is building in a neighborhood of 1980s homes in that size range.

[lendingbubblecontinues]

ocr-

Since the lot in question is 6,534 feet, that breaks out to $1.7 million dollars per acre! Yee-haw! I’ll take two please.

Let’s see, I can go buy a full acre in the Trails where homes also burned down (on Polvera or Olmeda, for example)for $550,000 to $700,000 or I can buy this…hmmmm, tough decision;)

[lendingbubblecontinues]

ocr-

Since the lot in question is 6,534 feet, that breaks out to $1.7 million dollars per acre! Yee-haw! I’ll take two please.

Let’s see, I can go buy a full acre in the Trails where homes also burned down (on Polvera or Olmeda, for example)for $550,000 to $700,000 or I can buy this…hmmmm, tough decision;)

[lendingbubblecontinues]

ocr-

Since the lot in question is 6,534 feet, that breaks out to $1.7 million dollars per acre! Yee-haw! I’ll take two please.

Let’s see, I can go buy a full acre in the Trails where homes also burned down (on Polvera or Olmeda, for example)for $550,000 to $700,000 or I can buy this…hmmmm, tough decision;)

[lendingbubblecontinues]

ocr-

Since the lot in question is 6,534 feet, that breaks out to $1.7 million dollars per acre! Yee-haw! I’ll take two please.

Let’s see, I can go buy a full acre in the Trails where homes also burned down (on Polvera or Olmeda, for example)for $550,000 to $700,000 or I can buy this…hmmmm, tough decision;)

[lendingbubblecontinues]

ocr-

Since the lot in question is 6,534 feet, that breaks out to $1.7 million dollars per acre! Yee-haw! I’ll take two please.

Let’s see, I can go buy a full acre in the Trails where homes also burned down (on Polvera or Olmeda, for example)for $550,000 to $700,000 or I can buy this…hmmmm, tough decision;)

[Author]

Posts