Pain in La Jolla

[jpinpb]

I remember seeing a fixer house on Law Street in 2000 selling for 450k. I offered 400k and they didn’t accept. That’s how I remember. The guy who bought it fixed it all up. Sold just before peak for 750k. If it came down to 550k, that’s a remarkable decline that I would say would be close to 2001 levels. And I just don’t think that it’s unreasonable. I believe it can happen. We are close. Takes time. Didn’t go up over night. Take a little while to go down.

[Anonymous]

I think I see the SFHs on streets like Law or other “good” streets more as a supply and demand type issue… I think there are a lot of people who want to live there, and if the prices drop even to $650 and $700 for a turn key on those streets, they will go quickly. That is what we are seeing now in PB. That is why I don’t think we’ll ever see $500k for a property like I’ve described. Will we see $500k on Ingraham or for a POS tear down, sure, but there’s not a lot of demand for those properties,as is evidenced by the fact that the ones currently on the MLS just sit and sit. Even that POS on Sapphire allegedly went for over $700k and quickly at that.

[Anonymous]

I think I see the SFHs on streets like Law or other “good” streets more as a supply and demand type issue… I think there are a lot of people who want to live there, and if the prices drop even to $650 and $700 for a turn key on those streets, they will go quickly. That is what we are seeing now in PB. That is why I don’t think we’ll ever see $500k for a property like I’ve described. Will we see $500k on Ingraham or for a POS tear down, sure, but there’s not a lot of demand for those properties,as is evidenced by the fact that the ones currently on the MLS just sit and sit. Even that POS on Sapphire allegedly went for over $700k and quickly at that.

[Anonymous]

I think I see the SFHs on streets like Law or other “good” streets more as a supply and demand type issue… I think there are a lot of people who want to live there, and if the prices drop even to $650 and $700 for a turn key on those streets, they will go quickly. That is what we are seeing now in PB. That is why I don’t think we’ll ever see $500k for a property like I’ve described. Will we see $500k on Ingraham or for a POS tear down, sure, but there’s not a lot of demand for those properties,as is evidenced by the fact that the ones currently on the MLS just sit and sit. Even that POS on Sapphire allegedly went for over $700k and quickly at that.

[Anonymous]

I think I see the SFHs on streets like Law or other “good” streets more as a supply and demand type issue… I think there are a lot of people who want to live there, and if the prices drop even to $650 and $700 for a turn key on those streets, they will go quickly. That is what we are seeing now in PB. That is why I don’t think we’ll ever see $500k for a property like I’ve described. Will we see $500k on Ingraham or for a POS tear down, sure, but there’s not a lot of demand for those properties,as is evidenced by the fact that the ones currently on the MLS just sit and sit. Even that POS on Sapphire allegedly went for over $700k and quickly at that.

[Anonymous]

I think I see the SFHs on streets like Law or other “good” streets more as a supply and demand type issue… I think there are a lot of people who want to live there, and if the prices drop even to $650 and $700 for a turn key on those streets, they will go quickly. That is what we are seeing now in PB. That is why I don’t think we’ll ever see $500k for a property like I’ve described. Will we see $500k on Ingraham or for a POS tear down, sure, but there’s not a lot of demand for those properties,as is evidenced by the fact that the ones currently on the MLS just sit and sit. Even that POS on Sapphire allegedly went for over $700k and quickly at that.

[jpinpb]

Well, let’s check back in a year, then. I’m not a gambler, but tempted to bet on this.

[jpinpb]

Well, let’s check back in a year, then. I’m not a gambler, but tempted to bet on this.

[jpinpb]

Well, let’s check back in a year, then. I’m not a gambler, but tempted to bet on this.

[jpinpb]

Well, let’s check back in a year, then. I’m not a gambler, but tempted to bet on this.

[jpinpb]

Well, let’s check back in a year, then. I’m not a gambler, but tempted to bet on this.

[Anonymous]

I’m no gambler either, and I have no stake in this at this point, since I’m not buying or selling in the next year. I’m definitely curious to see what happens, and of course, reserve the right to be 100% wrong as all is just my opinion.

[Anonymous]

I’m no gambler either, and I have no stake in this at this point, since I’m not buying or selling in the next year. I’m definitely curious to see what happens, and of course, reserve the right to be 100% wrong as all is just my opinion.

[Anonymous]

I’m no gambler either, and I have no stake in this at this point, since I’m not buying or selling in the next year. I’m definitely curious to see what happens, and of course, reserve the right to be 100% wrong as all is just my opinion.

[Anonymous]

I’m no gambler either, and I have no stake in this at this point, since I’m not buying or selling in the next year. I’m definitely curious to see what happens, and of course, reserve the right to be 100% wrong as all is just my opinion.

[Author]

Posts