Massive 26% Markdown on Carmel Valley McMansion

[Coronita]

Ilcv,

I call bullsxxt on that one. The overpriced saratoga one you speak of has been on the market for hoe many days?

People can ask for whatever they want. Its the sell that counts.

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—– Sour grapes for everyone!

[Eugene]

“I am shocked at how many foreign buyers seem to want to own USA real estate.”

I see where you’re coming from but there’s one problem.

Foreign buyers aren’t snapping up McMansions in Florida to such an extent as to stop the bubble from collapsing. And Florida has some enormous advantages over San Diego for a prospective foreign vacation property buyer:

– About two times cheaper (median SFR in 300’s in Miami, low 200’s in Tampa)

– WARM OCEAN (low 70’s in December!)

– Direct 8-9 hour flights connecting Miami with London and Paris

Once we hear about rich Brits reversing the decline in Miami, I’ll start worrying about San Diego.

[Eugene]

“I am shocked at how many foreign buyers seem to want to own USA real estate.”

I see where you’re coming from but there’s one problem.

Foreign buyers aren’t snapping up McMansions in Florida to such an extent as to stop the bubble from collapsing. And Florida has some enormous advantages over San Diego for a prospective foreign vacation property buyer:

– About two times cheaper (median SFR in 300’s in Miami, low 200’s in Tampa)

– WARM OCEAN (low 70’s in December!)

– Direct 8-9 hour flights connecting Miami with London and Paris

Once we hear about rich Brits reversing the decline in Miami, I’ll start worrying about San Diego.

[Eugene]

“I am shocked at how many foreign buyers seem to want to own USA real estate.”

I see where you’re coming from but there’s one problem.

Foreign buyers aren’t snapping up McMansions in Florida to such an extent as to stop the bubble from collapsing. And Florida has some enormous advantages over San Diego for a prospective foreign vacation property buyer:

– About two times cheaper (median SFR in 300’s in Miami, low 200’s in Tampa)

– WARM OCEAN (low 70’s in December!)

– Direct 8-9 hour flights connecting Miami with London and Paris

Once we hear about rich Brits reversing the decline in Miami, I’ll start worrying about San Diego.

[Eugene]

“I am shocked at how many foreign buyers seem to want to own USA real estate.”

I see where you’re coming from but there’s one problem.

Foreign buyers aren’t snapping up McMansions in Florida to such an extent as to stop the bubble from collapsing. And Florida has some enormous advantages over San Diego for a prospective foreign vacation property buyer:

– About two times cheaper (median SFR in 300’s in Miami, low 200’s in Tampa)

– WARM OCEAN (low 70’s in December!)

– Direct 8-9 hour flights connecting Miami with London and Paris

Once we hear about rich Brits reversing the decline in Miami, I’ll start worrying about San Diego.

[Eugene]

“I am shocked at how many foreign buyers seem to want to own USA real estate.”

I see where you’re coming from but there’s one problem.

Foreign buyers aren’t snapping up McMansions in Florida to such an extent as to stop the bubble from collapsing. And Florida has some enormous advantages over San Diego for a prospective foreign vacation property buyer:

– About two times cheaper (median SFR in 300’s in Miami, low 200’s in Tampa)

– WARM OCEAN (low 70’s in December!)

– Direct 8-9 hour flights connecting Miami with London and Paris

Once we hear about rich Brits reversing the decline in Miami, I’ll start worrying about San Diego.

[Eugene]

Regarding the REO on Mesa Norte

It’s amazing. They had 4 acres to work with and they couldn’t find enough room to put in a proper driveway. You can’t make a u-turn in that driveway without hitting a wall or getting into a flowerbed. You’ll have to drive 200 feet backwards from the garage to the street.

I’d expect a little more consideration to be put into building a 2 million home.

[Eugene]

Regarding the REO on Mesa Norte

It’s amazing. They had 4 acres to work with and they couldn’t find enough room to put in a proper driveway. You can’t make a u-turn in that driveway without hitting a wall or getting into a flowerbed. You’ll have to drive 200 feet backwards from the garage to the street.

I’d expect a little more consideration to be put into building a 2 million home.

[Eugene]

Regarding the REO on Mesa Norte

It’s amazing. They had 4 acres to work with and they couldn’t find enough room to put in a proper driveway. You can’t make a u-turn in that driveway without hitting a wall or getting into a flowerbed. You’ll have to drive 200 feet backwards from the garage to the street.

I’d expect a little more consideration to be put into building a 2 million home.

[Eugene]

Regarding the REO on Mesa Norte

It’s amazing. They had 4 acres to work with and they couldn’t find enough room to put in a proper driveway. You can’t make a u-turn in that driveway without hitting a wall or getting into a flowerbed. You’ll have to drive 200 feet backwards from the garage to the street.

I’d expect a little more consideration to be put into building a 2 million home.

[Eugene]

Regarding the REO on Mesa Norte

It’s amazing. They had 4 acres to work with and they couldn’t find enough room to put in a proper driveway. You can’t make a u-turn in that driveway without hitting a wall or getting into a flowerbed. You’ll have to drive 200 feet backwards from the garage to the street.

I’d expect a little more consideration to be put into building a 2 million home.

[New_Renter]

So much for selling the Mesa Norte REO. I believe a few weeks ago SD Realtor let us know there were three offers on the Mesa Norte REO and then it quickly went pending. Well guess what, it’s baaaaack…..

http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

And it’s back at the same price as before. You would think this agent might try a lower price this time around….

New_Renter

[New_Renter]

So much for selling the Mesa Norte REO. I believe a few weeks ago SD Realtor let us know there were three offers on the Mesa Norte REO and then it quickly went pending. Well guess what, it’s baaaaack…..

http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

And it’s back at the same price as before. You would think this agent might try a lower price this time around….

New_Renter

[New_Renter]

So much for selling the Mesa Norte REO. I believe a few weeks ago SD Realtor let us know there were three offers on the Mesa Norte REO and then it quickly went pending. Well guess what, it’s baaaaack…..

http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

And it’s back at the same price as before. You would think this agent might try a lower price this time around….

New_Renter

[New_Renter]

So much for selling the Mesa Norte REO. I believe a few weeks ago SD Realtor let us know there were three offers on the Mesa Norte REO and then it quickly went pending. Well guess what, it’s baaaaack…..

http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

And it’s back at the same price as before. You would think this agent might try a lower price this time around….

New_Renter

[Author]

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