In an effort to combat offtopic discussion, and bring Piggington back to real estate, I thought it might be time to revisit some of the recent pain in La Jolla.
It seems like well established, high-end area’s are the last to go down. I think it’s probably because people that bought into these places have the financial reserves to wait out a fairly long down turn in the economy. Granted, not all of them, but I think a much higher percentage than more middle class or blue collar area’s.
It seems like well established, high-end area’s are the last to go down. I think it’s probably because people that bought into these places have the financial reserves to wait out a fairly long down turn in the economy. Granted, not all of them, but I think a much higher percentage than more middle class or blue collar area’s.
It seems like well established, high-end area’s are the last to go down. I think it’s probably because people that bought into these places have the financial reserves to wait out a fairly long down turn in the economy. Granted, not all of them, but I think a much higher percentage than more middle class or blue collar area’s.
It seems like well established, high-end area’s are the last to go down. I think it’s probably because people that bought into these places have the financial reserves to wait out a fairly long down turn in the economy. Granted, not all of them, but I think a much higher percentage than more middle class or blue collar area’s.
It seems like well established, high-end area’s are the last to go down. I think it’s probably because people that bought into these places have the financial reserves to wait out a fairly long down turn in the economy. Granted, not all of them, but I think a much higher percentage than more middle class or blue collar area’s.
[quote=XBoxBoy]Here’s one in the Venezia complex. Actually, I can’t believe they sold it at this price! Only $139k loss.[/quote]
That’s -$5000 a year, probably less than what one’d pay to rent a home like that a year. Of course, then there’re the extra costs of property tax, maintenance, mortgage interests, etc. But really not too bad for the sellers!
[quote=XBoxBoy]Here’s one in the Venezia complex. Actually, I can’t believe they sold it at this price! Only $139k loss.[/quote]
That’s -$5000 a year, probably less than what one’d pay to rent a home like that a year. Of course, then there’re the extra costs of property tax, maintenance, mortgage interests, etc. But really not too bad for the sellers!
[quote=XBoxBoy]Here’s one in the Venezia complex. Actually, I can’t believe they sold it at this price! Only $139k loss.[/quote]
That’s -$5000 a year, probably less than what one’d pay to rent a home like that a year. Of course, then there’re the extra costs of property tax, maintenance, mortgage interests, etc. But really not too bad for the sellers!
[quote=XBoxBoy]Here’s one in the Venezia complex. Actually, I can’t believe they sold it at this price! Only $139k loss.[/quote]
That’s -$5000 a year, probably less than what one’d pay to rent a home like that a year. Of course, then there’re the extra costs of property tax, maintenance, mortgage interests, etc. But really not too bad for the sellers!
[quote=XBoxBoy]Here’s one in the Venezia complex. Actually, I can’t believe they sold it at this price! Only $139k loss.[/quote]
That’s -$5000 a year, probably less than what one’d pay to rent a home like that a year. Of course, then there’re the extra costs of property tax, maintenance, mortgage interests, etc. But really not too bad for the sellers!
I have been watching SFH in La Jolla, Encinitas, PB and Point Loma. Prices are dropping but slowly. I like Encinitas a lot and this is my ideal small beach community.
I have been watching SFH in La Jolla, Encinitas, PB and Point Loma. Prices are dropping but slowly. I like Encinitas a lot and this is my ideal small beach community.
I have been watching SFH in La Jolla, Encinitas, PB and Point Loma. Prices are dropping but slowly. I like Encinitas a lot and this is my ideal small beach community.
I have been watching SFH in La Jolla, Encinitas, PB and Point Loma. Prices are dropping but slowly. I like Encinitas a lot and this is my ideal small beach community.
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