more high end devastation in Encinitas

[SD Realtor]

Hi Pem –

Yes I know of which home you speak. It seemed that things we moving downward there but that movement has pretty much stopped which stinks.

[greekfire]

[quote=sdrealtor]A “free open market” sale probably could have gotten a tad more.[/quote]

sdr – I couldn’t help but chuckle a bit inside when I read that line. The words “free open market” are laughable in real estate, and is probably why you put it in quotations in the first place.

[greekfire]

[quote=sdrealtor]A “free open market” sale probably could have gotten a tad more.[/quote]

sdr – I couldn’t help but chuckle a bit inside when I read that line. The words “free open market” are laughable in real estate, and is probably why you put it in quotations in the first place.

[greekfire]

[quote=sdrealtor]A “free open market” sale probably could have gotten a tad more.[/quote]

sdr – I couldn’t help but chuckle a bit inside when I read that line. The words “free open market” are laughable in real estate, and is probably why you put it in quotations in the first place.

[greekfire]

[quote=sdrealtor]A “free open market” sale probably could have gotten a tad more.[/quote]

sdr – I couldn’t help but chuckle a bit inside when I read that line. The words “free open market” are laughable in real estate, and is probably why you put it in quotations in the first place.

[greekfire]

[quote=sdrealtor]A “free open market” sale probably could have gotten a tad more.[/quote]

sdr – I couldn’t help but chuckle a bit inside when I read that line. The words “free open market” are laughable in real estate, and is probably why you put it in quotations in the first place.

[CA renter]

What’s funny is that you see a constant flow of new listings over $1MM in Encinitas, but precious few sales in that price range. Lots of delusional sellers who think that they are sitting on gold mines keep trying to cash out.

I think the HELOC effect has been understated in many of the “high-end” areas. So many people took on lots of debt, thinking that they could “just refi” or sell their house and pay off that debt. Lots of people thought they were really rich because their neighbors were selling for ever-higher prices (to speculators with no-doc, neg-am loans), so they loaded up the debt and spent like kings and queens. It looks like reality might finally be sinking it.

[CA renter]

What’s funny is that you see a constant flow of new listings over $1MM in Encinitas, but precious few sales in that price range. Lots of delusional sellers who think that they are sitting on gold mines keep trying to cash out.

I think the HELOC effect has been understated in many of the “high-end” areas. So many people took on lots of debt, thinking that they could “just refi” or sell their house and pay off that debt. Lots of people thought they were really rich because their neighbors were selling for ever-higher prices (to speculators with no-doc, neg-am loans), so they loaded up the debt and spent like kings and queens. It looks like reality might finally be sinking it.

[CA renter]

What’s funny is that you see a constant flow of new listings over $1MM in Encinitas, but precious few sales in that price range. Lots of delusional sellers who think that they are sitting on gold mines keep trying to cash out.

I think the HELOC effect has been understated in many of the “high-end” areas. So many people took on lots of debt, thinking that they could “just refi” or sell their house and pay off that debt. Lots of people thought they were really rich because their neighbors were selling for ever-higher prices (to speculators with no-doc, neg-am loans), so they loaded up the debt and spent like kings and queens. It looks like reality might finally be sinking it.

[CA renter]

What’s funny is that you see a constant flow of new listings over $1MM in Encinitas, but precious few sales in that price range. Lots of delusional sellers who think that they are sitting on gold mines keep trying to cash out.

I think the HELOC effect has been understated in many of the “high-end” areas. So many people took on lots of debt, thinking that they could “just refi” or sell their house and pay off that debt. Lots of people thought they were really rich because their neighbors were selling for ever-higher prices (to speculators with no-doc, neg-am loans), so they loaded up the debt and spent like kings and queens. It looks like reality might finally be sinking it.

[CA renter]

What’s funny is that you see a constant flow of new listings over $1MM in Encinitas, but precious few sales in that price range. Lots of delusional sellers who think that they are sitting on gold mines keep trying to cash out.

I think the HELOC effect has been understated in many of the “high-end” areas. So many people took on lots of debt, thinking that they could “just refi” or sell their house and pay off that debt. Lots of people thought they were really rich because their neighbors were selling for ever-higher prices (to speculators with no-doc, neg-am loans), so they loaded up the debt and spent like kings and queens. It looks like reality might finally be sinking it.

[Anonymous]

I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.

Also, there are jumbo loans to be had in the 5’s – I know, because I got one, but you have to put 30% down to get them. Or to get a jumbo loan at all these days.

[Anonymous]

I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.

Also, there are jumbo loans to be had in the 5’s – I know, because I got one, but you have to put 30% down to get them. Or to get a jumbo loan at all these days.

[Anonymous]

I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.

Also, there are jumbo loans to be had in the 5’s – I know, because I got one, but you have to put 30% down to get them. Or to get a jumbo loan at all these days.

[Anonymous]

I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.

Also, there are jumbo loans to be had in the 5’s – I know, because I got one, but you have to put 30% down to get them. Or to get a jumbo loan at all these days.

[Author]

Posts