Something Ain’t Right in San Marcos

[ocrenter]

the price drop on these homes are pretty amazing.

362 Edgewater 3172 sqft sold for $710k back in 2/2007

now we have

617 Edgewater also at 3172 sqft asking for $599k as a reo.
693 Saddleback is a 3072 sqft model asking for $565 also as a reo.

but remember, the $710k was in all likelihood fake (as in cash back at closing and 100% financing). back in ’04 617 Edgewater was purchased for $540k.

because of the train issue as well as the quality of the neighbors, I would stay away from this neighborhood. maybe when it hits $400k I might consider getting it as an investment property.

[Anonymous]

It is interesting because this neighborhood, specifically phases 1-3 or so, is the poster child for everything that went wrong in the housing industry that led up to this bubble. It is actually a very nice neighborhood, but it has further to fall IMO. If you stay away from the homes right on the train tracks you would be OK, it’s the ones right on the fence or near it I would worry about, although all could be impacted.

[Anonymous]

It is interesting because this neighborhood, specifically phases 1-3 or so, is the poster child for everything that went wrong in the housing industry that led up to this bubble. It is actually a very nice neighborhood, but it has further to fall IMO. If you stay away from the homes right on the train tracks you would be OK, it’s the ones right on the fence or near it I would worry about, although all could be impacted.

[Anonymous]

It is interesting because this neighborhood, specifically phases 1-3 or so, is the poster child for everything that went wrong in the housing industry that led up to this bubble. It is actually a very nice neighborhood, but it has further to fall IMO. If you stay away from the homes right on the train tracks you would be OK, it’s the ones right on the fence or near it I would worry about, although all could be impacted.

[Anonymous]

It is interesting because this neighborhood, specifically phases 1-3 or so, is the poster child for everything that went wrong in the housing industry that led up to this bubble. It is actually a very nice neighborhood, but it has further to fall IMO. If you stay away from the homes right on the train tracks you would be OK, it’s the ones right on the fence or near it I would worry about, although all could be impacted.

[sdrealtor]

Nice big homes just down the road from the university. I say buy em all at rock bottom prices and convert them into mini-dorms! You could make a fortune!

[sdrealtor]

Nice big homes just down the road from the university. I say buy em all at rock bottom prices and convert them into mini-dorms! You could make a fortune!

[sdrealtor]

Nice big homes just down the road from the university. I say buy em all at rock bottom prices and convert them into mini-dorms! You could make a fortune!

[sdrealtor]

Nice big homes just down the road from the university. I say buy em all at rock bottom prices and convert them into mini-dorms! You could make a fortune!

[Anonymous]

Thanks for your thoughts, you all made valid points.

Our agent was telling us that since it is close to the end of year and that the close of escrow takes about 1 month, we better move fast if we want to negotiate a better deal with the seller and his lender…
If we wait for a few weeks until the trains start running (to check the noise), we may lose this window…

[Anonymous]

Thanks for your thoughts, you all made valid points.

Our agent was telling us that since it is close to the end of year and that the close of escrow takes about 1 month, we better move fast if we want to negotiate a better deal with the seller and his lender…
If we wait for a few weeks until the trains start running (to check the noise), we may lose this window…

[Anonymous]

Thanks for your thoughts, you all made valid points.

Our agent was telling us that since it is close to the end of year and that the close of escrow takes about 1 month, we better move fast if we want to negotiate a better deal with the seller and his lender…
If we wait for a few weeks until the trains start running (to check the noise), we may lose this window…

[Anonymous]

Thanks for your thoughts, you all made valid points.

Our agent was telling us that since it is close to the end of year and that the close of escrow takes about 1 month, we better move fast if we want to negotiate a better deal with the seller and his lender…
If we wait for a few weeks until the trains start running (to check the noise), we may lose this window…

[Anonymous]

Thanks for your thoughts, you all made valid points.

Our agent was telling us that since it is close to the end of year and that the close of escrow takes about 1 month, we better move fast if we want to negotiate a better deal with the seller and his lender…
If we wait for a few weeks until the trains start running (to check the noise), we may lose this window…

[patientlywaiting]

Looks like your agent wants a Christmas bonus, hahaha.

[Author]

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