Home › Forums › Closed Forums › Properties or Areas › Pain in La Jolla
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DaCounselor.
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July 10, 2008 at 9:51 AM #236935July 10, 2008 at 10:01 AM #236743
peterb
ParticipantIt 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.
July 10, 2008 at 10:01 AM #236871peterb
ParticipantIt 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.
July 10, 2008 at 10:01 AM #236882peterb
ParticipantIt 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.
July 10, 2008 at 10:01 AM #236926peterb
ParticipantIt 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.
July 10, 2008 at 10:01 AM #236940peterb
ParticipantIt 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.
July 10, 2008 at 10:24 AM #236799feraina
Participant[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!
July 10, 2008 at 10:24 AM #236927feraina
Participant[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!
July 10, 2008 at 10:24 AM #236938feraina
Participant[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!
July 10, 2008 at 10:24 AM #236982feraina
Participant[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!
July 10, 2008 at 10:24 AM #236995feraina
Participant[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!
July 10, 2008 at 5:56 PM #237094mixxalot
ParticipantIt will drop but slowly
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.
July 10, 2008 at 5:56 PM #237225mixxalot
ParticipantIt will drop but slowly
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.
July 10, 2008 at 5:56 PM #237234mixxalot
ParticipantIt will drop but slowly
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.
July 10, 2008 at 5:56 PM #237280mixxalot
ParticipantIt will drop but slowly
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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