Just how distressed are CV and 4S?

[Fearful]

Gee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.

Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.

[New_Renter]

SD Realtor,
BTW, have you seen that Mesa Norte house? It is totally trashed. Not only doesn’t it have any landscaping, but it has become a complete trash dump. The house is filled with crap and the outside looks like a landfill. Looks to me like the former owners trashed it as they left, and others must be using it as a dumping ground as well. I even saw a makeshift outdoor fireplace, maybe some kids have been having parties there? That house represents to me the epitome of this housing bust. Someone should go take a picture and profile it as a follow up to previous posts. The lot also needs to be re-graded as the thing is eroding away with all this rain because of the lack of landscaping and drainage. I actually came down with a mild case of depression just walking around the place! Coupled with the bad location and poor construction quality, you really think that thing is going to go for $1.7-$1.9M?

[New_Renter]

SD Realtor,
BTW, have you seen that Mesa Norte house? It is totally trashed. Not only doesn’t it have any landscaping, but it has become a complete trash dump. The house is filled with crap and the outside looks like a landfill. Looks to me like the former owners trashed it as they left, and others must be using it as a dumping ground as well. I even saw a makeshift outdoor fireplace, maybe some kids have been having parties there? That house represents to me the epitome of this housing bust. Someone should go take a picture and profile it as a follow up to previous posts. The lot also needs to be re-graded as the thing is eroding away with all this rain because of the lack of landscaping and drainage. I actually came down with a mild case of depression just walking around the place! Coupled with the bad location and poor construction quality, you really think that thing is going to go for $1.7-$1.9M?

[New_Renter]

SD Realtor,
BTW, have you seen that Mesa Norte house? It is totally trashed. Not only doesn’t it have any landscaping, but it has become a complete trash dump. The house is filled with crap and the outside looks like a landfill. Looks to me like the former owners trashed it as they left, and others must be using it as a dumping ground as well. I even saw a makeshift outdoor fireplace, maybe some kids have been having parties there? That house represents to me the epitome of this housing bust. Someone should go take a picture and profile it as a follow up to previous posts. The lot also needs to be re-graded as the thing is eroding away with all this rain because of the lack of landscaping and drainage. I actually came down with a mild case of depression just walking around the place! Coupled with the bad location and poor construction quality, you really think that thing is going to go for $1.7-$1.9M?

[New_Renter]

SD Realtor,
BTW, have you seen that Mesa Norte house? It is totally trashed. Not only doesn’t it have any landscaping, but it has become a complete trash dump. The house is filled with crap and the outside looks like a landfill. Looks to me like the former owners trashed it as they left, and others must be using it as a dumping ground as well. I even saw a makeshift outdoor fireplace, maybe some kids have been having parties there? That house represents to me the epitome of this housing bust. Someone should go take a picture and profile it as a follow up to previous posts. The lot also needs to be re-graded as the thing is eroding away with all this rain because of the lack of landscaping and drainage. I actually came down with a mild case of depression just walking around the place! Coupled with the bad location and poor construction quality, you really think that thing is going to go for $1.7-$1.9M?

[New_Renter]

SD Realtor,
BTW, have you seen that Mesa Norte house? It is totally trashed. Not only doesn’t it have any landscaping, but it has become a complete trash dump. The house is filled with crap and the outside looks like a landfill. Looks to me like the former owners trashed it as they left, and others must be using it as a dumping ground as well. I even saw a makeshift outdoor fireplace, maybe some kids have been having parties there? That house represents to me the epitome of this housing bust. Someone should go take a picture and profile it as a follow up to previous posts. The lot also needs to be re-graded as the thing is eroding away with all this rain because of the lack of landscaping and drainage. I actually came down with a mild case of depression just walking around the place! Coupled with the bad location and poor construction quality, you really think that thing is going to go for $1.7-$1.9M?

[svelte]

I actually came down with a mild case of depression just walking around the place!

This happened to me last summer. We were considering a house that was an REO so I drove by to take a look at it. 6 yo 3000 sf home, close to a golf course. I got out of the car, tried the door, went in. Completely trashed!

The large front windows had been kicked out, frames and all. Paint dumped on the carpets. Screens ripped out. Dirt everywhere. And apparently someone had left the water running as water stains were everywhere. I opened the door to the coat closets under the stairs – fuzzy black mold an inch deep all over every square inch…I don’t think I could even see the original white paint. Thats apparently where the water went.

I was so shaken that when I explained it to my wife at home, she wanted to see what had done that to me. When I took her back, she was left speechless. I don’t understand ppl.

[svelte]

I actually came down with a mild case of depression just walking around the place!

This happened to me last summer. We were considering a house that was an REO so I drove by to take a look at it. 6 yo 3000 sf home, close to a golf course. I got out of the car, tried the door, went in. Completely trashed!

The large front windows had been kicked out, frames and all. Paint dumped on the carpets. Screens ripped out. Dirt everywhere. And apparently someone had left the water running as water stains were everywhere. I opened the door to the coat closets under the stairs – fuzzy black mold an inch deep all over every square inch…I don’t think I could even see the original white paint. Thats apparently where the water went.

I was so shaken that when I explained it to my wife at home, she wanted to see what had done that to me. When I took her back, she was left speechless. I don’t understand ppl.

[svelte]

I actually came down with a mild case of depression just walking around the place!

This happened to me last summer. We were considering a house that was an REO so I drove by to take a look at it. 6 yo 3000 sf home, close to a golf course. I got out of the car, tried the door, went in. Completely trashed!

The large front windows had been kicked out, frames and all. Paint dumped on the carpets. Screens ripped out. Dirt everywhere. And apparently someone had left the water running as water stains were everywhere. I opened the door to the coat closets under the stairs – fuzzy black mold an inch deep all over every square inch…I don’t think I could even see the original white paint. Thats apparently where the water went.

I was so shaken that when I explained it to my wife at home, she wanted to see what had done that to me. When I took her back, she was left speechless. I don’t understand ppl.

[svelte]

I actually came down with a mild case of depression just walking around the place!

This happened to me last summer. We were considering a house that was an REO so I drove by to take a look at it. 6 yo 3000 sf home, close to a golf course. I got out of the car, tried the door, went in. Completely trashed!

The large front windows had been kicked out, frames and all. Paint dumped on the carpets. Screens ripped out. Dirt everywhere. And apparently someone had left the water running as water stains were everywhere. I opened the door to the coat closets under the stairs – fuzzy black mold an inch deep all over every square inch…I don’t think I could even see the original white paint. Thats apparently where the water went.

I was so shaken that when I explained it to my wife at home, she wanted to see what had done that to me. When I took her back, she was left speechless. I don’t understand ppl.

[svelte]

I actually came down with a mild case of depression just walking around the place!

This happened to me last summer. We were considering a house that was an REO so I drove by to take a look at it. 6 yo 3000 sf home, close to a golf course. I got out of the car, tried the door, went in. Completely trashed!

The large front windows had been kicked out, frames and all. Paint dumped on the carpets. Screens ripped out. Dirt everywhere. And apparently someone had left the water running as water stains were everywhere. I opened the door to the coat closets under the stairs – fuzzy black mold an inch deep all over every square inch…I don’t think I could even see the original white paint. Thats apparently where the water went.

I was so shaken that when I explained it to my wife at home, she wanted to see what had done that to me. When I took her back, she was left speechless. I don’t understand ppl.

[pnilesh]

I am looking at townhome listings in 4S ranch. Average of $450K for 1400 sqft home (3 bdrm 2.5 bath) is a bit too much ( even if I can afford it).

Since my family will be expanding soon ( expecting a baby soon ), my wife is pressuring me to buy a townhome.

any chances townhomes in 4S rach could depreciate furthur?

SD Realtor: your inputs will be greatly appreciated.

[pnilesh]

I am looking at townhome listings in 4S ranch. Average of $450K for 1400 sqft home (3 bdrm 2.5 bath) is a bit too much ( even if I can afford it).

Since my family will be expanding soon ( expecting a baby soon ), my wife is pressuring me to buy a townhome.

any chances townhomes in 4S rach could depreciate furthur?

SD Realtor: your inputs will be greatly appreciated.

[pnilesh]

I am looking at townhome listings in 4S ranch. Average of $450K for 1400 sqft home (3 bdrm 2.5 bath) is a bit too much ( even if I can afford it).

Since my family will be expanding soon ( expecting a baby soon ), my wife is pressuring me to buy a townhome.

any chances townhomes in 4S rach could depreciate furthur?

SD Realtor: your inputs will be greatly appreciated.

[pnilesh]

I am looking at townhome listings in 4S ranch. Average of $450K for 1400 sqft home (3 bdrm 2.5 bath) is a bit too much ( even if I can afford it).

Since my family will be expanding soon ( expecting a baby soon ), my wife is pressuring me to buy a townhome.

any chances townhomes in 4S rach could depreciate furthur?

SD Realtor: your inputs will be greatly appreciated.

[Author]

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