La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price

[Bugs]

It’s all connected. There are probably only six degrees of separation between Barrio Logan and La Jolla. Before this cycle is over they will all contribute their fair share to the correction.

If the Escondido game is in its 6th inning, the La Jolla game may only be in its 2nd inning.

[latesummer2008]

Lack of Financing Since Summer of 07′ has begun to take its toll in all areas. The snake has swallowed subprime and is now working on Alt-A. After devouring Alt-A, Prime will be next. I’m afraid we are only 1/3 through this mess. Stage 2 and 3 will affect the higher end markets just as bad, if not worse. The condo numbers for La Jolla are extremely troubling, as units are easier to compare.

Summer selling season is drawing to a close and the loan resets are barely starting in Alt-A. Market trends make this Fall appear downright ugly.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Lack of Financing Since Summer of 07′ has begun to take its toll in all areas. The snake has swallowed subprime and is now working on Alt-A. After devouring Alt-A, Prime will be next. I’m afraid we are only 1/3 through this mess. Stage 2 and 3 will affect the higher end markets just as bad, if not worse. The condo numbers for La Jolla are extremely troubling, as units are easier to compare.

Summer selling season is drawing to a close and the loan resets are barely starting in Alt-A. Market trends make this Fall appear downright ugly.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Lack of Financing Since Summer of 07′ has begun to take its toll in all areas. The snake has swallowed subprime and is now working on Alt-A. After devouring Alt-A, Prime will be next. I’m afraid we are only 1/3 through this mess. Stage 2 and 3 will affect the higher end markets just as bad, if not worse. The condo numbers for La Jolla are extremely troubling, as units are easier to compare.

Summer selling season is drawing to a close and the loan resets are barely starting in Alt-A. Market trends make this Fall appear downright ugly.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Lack of Financing Since Summer of 07′ has begun to take its toll in all areas. The snake has swallowed subprime and is now working on Alt-A. After devouring Alt-A, Prime will be next. I’m afraid we are only 1/3 through this mess. Stage 2 and 3 will affect the higher end markets just as bad, if not worse. The condo numbers for La Jolla are extremely troubling, as units are easier to compare.

Summer selling season is drawing to a close and the loan resets are barely starting in Alt-A. Market trends make this Fall appear downright ugly.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Lack of Financing Since Summer of 07′ has begun to take its toll in all areas. The snake has swallowed subprime and is now working on Alt-A. After devouring Alt-A, Prime will be next. I’m afraid we are only 1/3 through this mess. Stage 2 and 3 will affect the higher end markets just as bad, if not worse. The condo numbers for La Jolla are extremely troubling, as units are easier to compare.

Summer selling season is drawing to a close and the loan resets are barely starting in Alt-A. Market trends make this Fall appear downright ugly.

http://www.westsideremeltdown.blogspot.com

[sdrealtor]

A couple years ago $2M got you a teardown in La Jolla. Now $2M gets you a very nice ocean view home or one a block or two forom the beach. My times have changed.

[sdrealtor]

A couple years ago $2M got you a teardown in La Jolla. Now $2M gets you a very nice ocean view home or one a block or two forom the beach. My times have changed.

[sdrealtor]

A couple years ago $2M got you a teardown in La Jolla. Now $2M gets you a very nice ocean view home or one a block or two forom the beach. My times have changed.

[sdrealtor]

A couple years ago $2M got you a teardown in La Jolla. Now $2M gets you a very nice ocean view home or one a block or two forom the beach. My times have changed.

[sdrealtor]

A couple years ago $2M got you a teardown in La Jolla. Now $2M gets you a very nice ocean view home or one a block or two forom the beach. My times have changed.

[latesummer2008]

What will 2M buy in 2010? I think there is alot more pain ahead. Banking and credit crisis are probably in the 3rd inning, with the heart of the order (Alt-A, Prime) coming up next.

[latesummer2008]

What will 2M buy in 2010? I think there is alot more pain ahead. Banking and credit crisis are probably in the 3rd inning, with the heart of the order (Alt-A, Prime) coming up next.

[latesummer2008]

What will 2M buy in 2010? I think there is alot more pain ahead. Banking and credit crisis are probably in the 3rd inning, with the heart of the order (Alt-A, Prime) coming up next.

[latesummer2008]

What will 2M buy in 2010? I think there is alot more pain ahead. Banking and credit crisis are probably in the 3rd inning, with the heart of the order (Alt-A, Prime) coming up next.

[Author]

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