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recordsclerk.
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July 31, 2007 at 4:28 PM #9660July 31, 2007 at 4:35 PM #69006
an
ParticipantWould be interesting to see the result of this auction vs the last one. Especially with the new lending standards and the shift in psychology. I noticed that some properties were also auctioned @ the last event. I guess it didn’t get sold. One in particular that I remember is 7315 ROCK CANYON DRIVE , SAN DIEGO , California, 92126. The last starting bid was around 350-375k if I remember correctly. It’s now starting @ 279k. Probably it’s a shift in lenders’ sentiment?
July 31, 2007 at 4:35 PM #69077ParticipantWould be interesting to see the result of this auction vs the last one. Especially with the new lending standards and the shift in psychology. I noticed that some properties were also auctioned @ the last event. I guess it didn’t get sold. One in particular that I remember is 7315 ROCK CANYON DRIVE , SAN DIEGO , California, 92126. The last starting bid was around 350-375k if I remember correctly. It’s now starting @ 279k. Probably it’s a shift in lenders’ sentiment?
July 31, 2007 at 4:41 PM #69010SD Realtor
ParticipantAN I think you are correct. I would expect to see a sentiment shift for all the reasons we generally discuss. I also noticed many of the same properties as well, those that used to be on the market and have not made it back to the MLS.
SD Realtor
July 31, 2007 at 4:41 PM #69081ParticipantAN I think you are correct. I would expect to see a sentiment shift for all the reasons we generally discuss. I also noticed many of the same properties as well, those that used to be on the market and have not made it back to the MLS.
SD Realtor
July 31, 2007 at 4:56 PM #69014ParticipantIt would definitely be interesting to see what the winning bids are now. We’ll find out soon enough. Another new batch of lower comps I hope.
July 31, 2007 at 4:56 PM #69085ParticipantIt would definitely be interesting to see what the winning bids are now. We’ll find out soon enough. Another new batch of lower comps I hope.
July 31, 2007 at 5:09 PM #69020betting on fall
ParticipantI’m not attending, but I am keeping my eye on the Halifax street house in San Diego that is being auctioned (Allied gardens/del cerro area). Those houses were built in late 2002 early 2003 and went then for the low to mid $500,000’s. I nearly bought one then since there are so few new homes in that area. I am very surprised it ended up on the auction block since you would think a newer house would sell in that area.
I do think attendance at these auctions is a good gauge of casual interest in real estate investing. If there are still lots of “Flip this House!” wannabes there, its a sign the market still has a long way to go to hit bottom.
July 31, 2007 at 5:09 PM #69091ParticipantI’m not attending, but I am keeping my eye on the Halifax street house in San Diego that is being auctioned (Allied gardens/del cerro area). Those houses were built in late 2002 early 2003 and went then for the low to mid $500,000’s. I nearly bought one then since there are so few new homes in that area. I am very surprised it ended up on the auction block since you would think a newer house would sell in that area.
I do think attendance at these auctions is a good gauge of casual interest in real estate investing. If there are still lots of “Flip this House!” wannabes there, its a sign the market still has a long way to go to hit bottom.
July 31, 2007 at 5:14 PM #69022ParticipantI bet it will be packed… AN you were at the last auction, was it pretty well attended?
SD Realtor
July 31, 2007 at 5:14 PM #69093ParticipantI bet it will be packed… AN you were at the last auction, was it pretty well attended?
SD Realtor
July 31, 2007 at 5:21 PM #69026ParticipantI was amazed at how many people showed up. They had 2 rooms set up in the beginning but had 4 more behind it ready just in case more people showed up. They end up using the whole thing. If I have to guess, there must have been around 1000-2000 people there. By the kind of conversation around me, it seems like a lot of people are quite unprepared and probably just showed up to watch.
July 31, 2007 at 5:21 PM #69097ParticipantI was amazed at how many people showed up. They had 2 rooms set up in the beginning but had 4 more behind it ready just in case more people showed up. They end up using the whole thing. If I have to guess, there must have been around 1000-2000 people there. By the kind of conversation around me, it seems like a lot of people are quite unprepared and probably just showed up to watch.
July 31, 2007 at 5:48 PM #69032donaldduckmoore
ParticipantHow much do they charge for admission? Do buyers have to bring cash?
July 31, 2007 at 5:48 PM #69103ParticipantHow much do they charge for admission? Do buyers have to bring cash?
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