Home › Forums › Closed Forums › Properties or Areas › Massive 26% Markdown on Carmel Valley McMansion
- This topic has 285 replies, 21 voices, and was last updated 16 years, 6 months ago by
New_Renter.
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January 1, 2008 at 12:22 PM #127479January 1, 2008 at 12:59 PM #127231
New_Renter
ParticipantNo, this is Carmel Valley schools. You get there by exiting at Carmel Country Rd., which is only a couple of miles in from I-5, but then have to drive on Del Mar Mesa Rd a couple of miles further east. It is directly across the canyon from Canyon Crest Academy.
January 1, 2008 at 12:59 PM #127391ParticipantNo, this is Carmel Valley schools. You get there by exiting at Carmel Country Rd., which is only a couple of miles in from I-5, but then have to drive on Del Mar Mesa Rd a couple of miles further east. It is directly across the canyon from Canyon Crest Academy.
January 1, 2008 at 12:59 PM #127403ParticipantNo, this is Carmel Valley schools. You get there by exiting at Carmel Country Rd., which is only a couple of miles in from I-5, but then have to drive on Del Mar Mesa Rd a couple of miles further east. It is directly across the canyon from Canyon Crest Academy.
January 1, 2008 at 12:59 PM #127470ParticipantNo, this is Carmel Valley schools. You get there by exiting at Carmel Country Rd., which is only a couple of miles in from I-5, but then have to drive on Del Mar Mesa Rd a couple of miles further east. It is directly across the canyon from Canyon Crest Academy.
January 1, 2008 at 12:59 PM #127494ParticipantNo, this is Carmel Valley schools. You get there by exiting at Carmel Country Rd., which is only a couple of miles in from I-5, but then have to drive on Del Mar Mesa Rd a couple of miles further east. It is directly across the canyon from Canyon Crest Academy.
January 1, 2008 at 2:56 PM #127287patientrenter
ParticipantHmmm… I thought the people who’d bought $2 million homes at the peak weren’t subject to price pressures or foreclosure risk. It’s fascinating to watch this tide go out.
Why would anyone borrow more than $1 million if the interest on the excess over $1 million is not deductible? Is everyone in the wealthiest 1% earning more than 6% on their money net of taxes?
Patient renter in OC
January 1, 2008 at 2:56 PM #127447ParticipantHmmm… I thought the people who’d bought $2 million homes at the peak weren’t subject to price pressures or foreclosure risk. It’s fascinating to watch this tide go out.
Why would anyone borrow more than $1 million if the interest on the excess over $1 million is not deductible? Is everyone in the wealthiest 1% earning more than 6% on their money net of taxes?
Patient renter in OC
January 1, 2008 at 2:56 PM #127457ParticipantHmmm… I thought the people who’d bought $2 million homes at the peak weren’t subject to price pressures or foreclosure risk. It’s fascinating to watch this tide go out.
Why would anyone borrow more than $1 million if the interest on the excess over $1 million is not deductible? Is everyone in the wealthiest 1% earning more than 6% on their money net of taxes?
Patient renter in OC
January 1, 2008 at 2:56 PM #127524ParticipantHmmm… I thought the people who’d bought $2 million homes at the peak weren’t subject to price pressures or foreclosure risk. It’s fascinating to watch this tide go out.
Why would anyone borrow more than $1 million if the interest on the excess over $1 million is not deductible? Is everyone in the wealthiest 1% earning more than 6% on their money net of taxes?
Patient renter in OC
January 1, 2008 at 2:56 PM #127551ParticipantHmmm… I thought the people who’d bought $2 million homes at the peak weren’t subject to price pressures or foreclosure risk. It’s fascinating to watch this tide go out.
Why would anyone borrow more than $1 million if the interest on the excess over $1 million is not deductible? Is everyone in the wealthiest 1% earning more than 6% on their money net of taxes?
Patient renter in OC
January 1, 2008 at 3:08 PM #127301zk
ParticipantI don’t know if it’s the beginning of a CV meltdown (I hope it is), but that’s a very low (relative to recent sales) price for a 4800 sf house on an acre of useable land. In fact, I’ll be quite surprised if that doesn’t sell this week for at least the asking price. As long as it doesn’t sell for a lot more than that it will be a definite comp killer.
January 1, 2008 at 3:08 PM #127463ParticipantI don’t know if it’s the beginning of a CV meltdown (I hope it is), but that’s a very low (relative to recent sales) price for a 4800 sf house on an acre of useable land. In fact, I’ll be quite surprised if that doesn’t sell this week for at least the asking price. As long as it doesn’t sell for a lot more than that it will be a definite comp killer.
January 1, 2008 at 3:08 PM #127472ParticipantI don’t know if it’s the beginning of a CV meltdown (I hope it is), but that’s a very low (relative to recent sales) price for a 4800 sf house on an acre of useable land. In fact, I’ll be quite surprised if that doesn’t sell this week for at least the asking price. As long as it doesn’t sell for a lot more than that it will be a definite comp killer.
January 1, 2008 at 3:08 PM #127539ParticipantI don’t know if it’s the beginning of a CV meltdown (I hope it is), but that’s a very low (relative to recent sales) price for a 4800 sf house on an acre of useable land. In fact, I’ll be quite surprised if that doesn’t sell this week for at least the asking price. As long as it doesn’t sell for a lot more than that it will be a definite comp killer.
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