Ouch. 1 month later, still no takers on this CV townhome.

[Coronita]

1 month later, with another $10k price drop, still no takers..

http://sandiego.houserebate.com/search/homeview.asp?id=1630935&p3=-1&ix=75

0) Current Asking price 6/28/07: $546k

Recall, my previous postings

1) Previous Posting 6/1/07: $557k.

http://piggington.com/looks_like_some_of_the_carmel_valley_condo_crackheads_are_starti

2) Original Posting 4/24/07: $575k

http://piggington.com/that_crack_some_folks_in_carmel_valley_are_smoking_must_be_reall

Hum. If this thing could only drop $10k/month for the next 16 months, I’ll be a happy camper…Time to buyback something.

Someone take mercy on this seller and take it off his/her hand..Uh, wait….. NOT!

[SD Realtor]

Fat lazy I have been tracking this complex as well. Down down down…

SD Realtor

[SD Realtor]

Fat lazy I have been tracking this complex as well. Down down down…

SD Realtor

[temeculaguy]

If they had priced at 546k on day 1, they might have had a chance. If they ask 499 right now they might get out. 1% and 2% drops is just going to chase the rabbit down the hole, they need to get agressive and fast or they will end up at 499 eventually and it won’t look like the deal it would today.

[temeculaguy]

If they had priced at 546k on day 1, they might have had a chance. If they ask 499 right now they might get out. 1% and 2% drops is just going to chase the rabbit down the hole, they need to get agressive and fast or they will end up at 499 eventually and it won’t look like the deal it would today.

[Coronita]

I don’t want sound mean. But I think there are probably a good portion of owners in Carmel Valley who don’t have the financial means to be living here. They are way over extended. And from it appears, most of these folks are attached home owners that bought within the 2-3 years. These folks shouldn’t have been able to afford to live here evar.

I’m considering giving a low ball offer right now of 480 (not that I would buy right now), just to see what the “mood” is.

[Coronita]

I don’t want sound mean. But I think there are probably a good portion of owners in Carmel Valley who don’t have the financial means to be living here. They are way over extended. And from it appears, most of these folks are attached home owners that bought within the 2-3 years. These folks shouldn’t have been able to afford to live here evar.

I’m considering giving a low ball offer right now of 480 (not that I would buy right now), just to see what the “mood” is.

[Coronita]

Fat lazy I have been tracking this complex as well. Down down down… SD Realtor

 

Your previous propsective customer trying to sell her 2/2/2.5 in the same complex is going to have a tough time at her asking $540k-$560k. But I’m sure the fish tank in her photos makes up for the 1 less room

🙂

 

[Coronita]

Fat lazy I have been tracking this complex as well. Down down down… SD Realtor

 

Your previous propsective customer trying to sell her 2/2/2.5 in the same complex is going to have a tough time at her asking $540k-$560k. But I’m sure the fish tank in her photos makes up for the 1 less room

🙂

 

[Alex_angel]

For $550k, they can keep it. What an ugly place.

[Alex_angel]

For $550k, they can keep it. What an ugly place.

[g2006]

In 2005 the price was 640K almost 100K+ down.

03/18/2005 $640,000
09/14/2001 $345,000
01/21/1999 $258,200
04/07/1998 $230,000
01/23/1997 $194,400

[g2006]

In 2005 the price was 640K almost 100K+ down.

03/18/2005 $640,000
09/14/2001 $345,000
01/21/1999 $258,200
04/07/1998 $230,000
01/23/1997 $194,400

[no_such_reality]

How come the house rebate link says original price $749,000?

How much would this rent for? $2000?

I’m guessing to someone trying to save on rent, it’s worth $300-$350K.

To a landlord, maybe $250-$300K.

One of the things I wonder on is if buying will be perceived as being cheaper than renting if it still requires $40,000 to $80,000 down payment to make it so.

I remember the mid-90s and you’d look at townhomes like this and buy them for $150K bringing $15,000 down and $3K for closing costs. Bellying up $20,000 to get away from renting when the number flush in your favor is very different than coming up with $35,000 down and another $5000 in closing costs. That $350,000 purchase would still be a major collapst. If it holds higher, the numbers are just worse.

How many people, in the general population, are holding $40,000 to escape from apartment life?

[no_such_reality]

How come the house rebate link says original price $749,000?

How much would this rent for? $2000?

I’m guessing to someone trying to save on rent, it’s worth $300-$350K.

To a landlord, maybe $250-$300K.

One of the things I wonder on is if buying will be perceived as being cheaper than renting if it still requires $40,000 to $80,000 down payment to make it so.

I remember the mid-90s and you’d look at townhomes like this and buy them for $150K bringing $15,000 down and $3K for closing costs. Bellying up $20,000 to get away from renting when the number flush in your favor is very different than coming up with $35,000 down and another $5000 in closing costs. That $350,000 purchase would still be a major collapst. If it holds higher, the numbers are just worse.

How many people, in the general population, are holding $40,000 to escape from apartment life?

[Author]

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