Pain in La Jolla

[La Jolla Renter]

More Pain in Seahaus…

Purchase for $797k in 2005 just closed at $689k.

http://www.sdlookup.com/MLS-080069285-5440_La_Jolla_Blvd_201_La_Jolla_Ca_92037

Plus this weird one… purchased for 1.489M listed for 750k starting auction price.

http://www.sdlookup.com/MLS-080080031-5470_La_Jolla_Blvd_H203_La_Jolla_Ca_92037

Lots of affluent flippers in Seahaus. The carrying costs are brutal so the losses are bigger than they look. At some point the affluent flippers are going to say the hell with their credit and dump their losses.

[waterboy]

The Seahaus auction is a short sale and my guess is the auction company is hoping to show the lender a bunch of bids so they can go back to bank and say the highest is fair market value and you better take the deal quickly.

I could see it going for a sales price of $1.1M plus the 10% buyers fee.

[waterboy]

The Seahaus auction is a short sale and my guess is the auction company is hoping to show the lender a bunch of bids so they can go back to bank and say the highest is fair market value and you better take the deal quickly.

I could see it going for a sales price of $1.1M plus the 10% buyers fee.

[waterboy]

The Seahaus auction is a short sale and my guess is the auction company is hoping to show the lender a bunch of bids so they can go back to bank and say the highest is fair market value and you better take the deal quickly.

I could see it going for a sales price of $1.1M plus the 10% buyers fee.

[waterboy]

The Seahaus auction is a short sale and my guess is the auction company is hoping to show the lender a bunch of bids so they can go back to bank and say the highest is fair market value and you better take the deal quickly.

I could see it going for a sales price of $1.1M plus the 10% buyers fee.

[waterboy]

The Seahaus auction is a short sale and my guess is the auction company is hoping to show the lender a bunch of bids so they can go back to bank and say the highest is fair market value and you better take the deal quickly.

I could see it going for a sales price of $1.1M plus the 10% buyers fee.

[Anonymous]

Any one have any updates on these sales, after the past 8 months?

[Anonymous]

Any one have any updates on these sales, after the past 8 months?

[Anonymous]

Any one have any updates on these sales, after the past 8 months?

[Anonymous]

Any one have any updates on these sales, after the past 8 months?

[Anonymous]

Any one have any updates on these sales, after the past 8 months?

[Anonymous]

I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego. So, as rough as a %14 loss is, its smaller than in some areas, no?

The Euro Buyers are not looking in Lowell, Massachusetts, I mean.

[quote=XBoxBoy]Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037
[/quote]

[Anonymous]

I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego. So, as rough as a %14 loss is, its smaller than in some areas, no?

The Euro Buyers are not looking in Lowell, Massachusetts, I mean.

[quote=XBoxBoy]Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037
[/quote]

[Anonymous]

I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego. So, as rough as a %14 loss is, its smaller than in some areas, no?

The Euro Buyers are not looking in Lowell, Massachusetts, I mean.

[quote=XBoxBoy]Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037
[/quote]

[Anonymous]

I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego. So, as rough as a %14 loss is, its smaller than in some areas, no?

The Euro Buyers are not looking in Lowell, Massachusetts, I mean.

[quote=XBoxBoy]Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037
[/quote]

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