Home › Forums › Closed Forums › Properties or Areas › price collapse in Chula Vista
- This topic has 487 replies, 37 voices, and was last updated 14 years, 3 months ago by sdrealtor.
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June 19, 2008 at 3:45 PM #225692June 19, 2008 at 3:45 PM #225719EugeneParticipant
If my house ever goes down by 50% from its peak price I will eat it one board at a time.
In Encinitas, correct?
What’s the peak price, and what was it worth in early ’02 (per zillow or whatever)?
June 19, 2008 at 3:45 PM #225734EugeneParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
In Encinitas, correct?
What’s the peak price, and what was it worth in early ’02 (per zillow or whatever)?
June 19, 2008 at 11:05 PM #225673cashflowParticipantsdrealtor….I hope you have a small house….
June 19, 2008 at 11:05 PM #225781cashflowParticipantsdrealtor….I hope you have a small house….
June 19, 2008 at 11:05 PM #225794cashflowParticipantsdrealtor….I hope you have a small house….
June 19, 2008 at 11:05 PM #225825cashflowParticipantsdrealtor….I hope you have a small house….
June 19, 2008 at 11:05 PM #225843cashflowParticipantsdrealtor….I hope you have a small house….
June 19, 2008 at 11:27 PM #225683SD RealtorParticipantOnce upon a time the fighting Illini had lost 23 straight big ten conference football games. 2 years ago they were on the road at Michigan State against a huge spread… Looked like lose number 24 was in the bag. I had a rather substantial money line wager on the favorite…
Lets just say I ended up eating alot of boards that day.
I tend to think Encinitas will not drop 50% from the peak but I have learned to never say never.
June 19, 2008 at 11:27 PM #225792SD RealtorParticipantOnce upon a time the fighting Illini had lost 23 straight big ten conference football games. 2 years ago they were on the road at Michigan State against a huge spread… Looked like lose number 24 was in the bag. I had a rather substantial money line wager on the favorite…
Lets just say I ended up eating alot of boards that day.
I tend to think Encinitas will not drop 50% from the peak but I have learned to never say never.
June 19, 2008 at 11:27 PM #225807SD RealtorParticipantOnce upon a time the fighting Illini had lost 23 straight big ten conference football games. 2 years ago they were on the road at Michigan State against a huge spread… Looked like lose number 24 was in the bag. I had a rather substantial money line wager on the favorite…
Lets just say I ended up eating alot of boards that day.
I tend to think Encinitas will not drop 50% from the peak but I have learned to never say never.
June 19, 2008 at 11:27 PM #225838SD RealtorParticipantOnce upon a time the fighting Illini had lost 23 straight big ten conference football games. 2 years ago they were on the road at Michigan State against a huge spread… Looked like lose number 24 was in the bag. I had a rather substantial money line wager on the favorite…
Lets just say I ended up eating alot of boards that day.
I tend to think Encinitas will not drop 50% from the peak but I have learned to never say never.
June 19, 2008 at 11:27 PM #225852SD RealtorParticipantOnce upon a time the fighting Illini had lost 23 straight big ten conference football games. 2 years ago they were on the road at Michigan State against a huge spread… Looked like lose number 24 was in the bag. I had a rather substantial money line wager on the favorite…
Lets just say I ended up eating alot of boards that day.
I tend to think Encinitas will not drop 50% from the peak but I have learned to never say never.
June 20, 2008 at 12:08 PM #225837sdrealtorParticipantPeak price was probably about $925,000. Early 2002 Price was around 600,000. 50% off peak would be about late 90’s purchase price with pre-move in upgrades and landscaping costs. If it hit that price, an investor could buy it with 20% down and would be cash flow positive on rental by several hundred dollars per month.
cashflow,
if it comes to pass, unfortunately it is not small.June 20, 2008 at 12:08 PM #225947sdrealtorParticipantPeak price was probably about $925,000. Early 2002 Price was around 600,000. 50% off peak would be about late 90’s purchase price with pre-move in upgrades and landscaping costs. If it hit that price, an investor could buy it with 20% down and would be cash flow positive on rental by several hundred dollars per month.
cashflow,
if it comes to pass, unfortunately it is not small. -
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