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I don’t know, Bruno’s supposition (on the bottom of the VOSD article); that if Rich knew anything about real estate he would be dangerous, is pretty persuasive!
Josh
Somehow, shooting the messenger never does go out of style.
On a more RE related topic, I saw an advert on CL for a condo in mission hills. What caught my eye were two things. First the explicit 60k reduction. Second the realtors response. This is a prime area, lots of people would like to live in MH. Its not the top of the hill and yes there is some airplane noise but its still a pretty nice area. In addition this unit has a two car garage. Now that in my mind makes it very desireable.
I sent the realtor an email saying, if the seller is desperate why don’t you lower the price? I said a couple of other things about a declining market and such, but kept my tone as neutral as possible and yet no response. Normally realtors write you back just on the outside chance they could get you to come see and fall in love with the place.
All I can say is the party has started, really started and not just in downtown. When a condo in MH is having a hard time selling ouch I would hate to be selling something in Mira Mesa.
CL link: http://sandiego.craigslist.org/rfs/166780017.html
Josh