Will this happen in San Diego?

[Ex-SD]

Fort Myers, Florida has been one of the hottest real estate markets in the country for the last ten years. Now, new homes have been auctioned off for as much as 50% off what some of the other neighborhood owners have paid for the same models. For those who think this can’t happen in San Diego, you’d better think twice.

Here’s the YouTube video that tells the story:

[waterboy]

Thanks for pointing this out. I just don’t see why anybody would purchase now unless they can comfortably afford and were able to purchase for a price/% discount that is similar to the story above. Especially when it is an area that has had lots of recent development or homes that are still being built.

[waterboy]

Thanks for pointing this out. I just don’t see why anybody would purchase now unless they can comfortably afford and were able to purchase for a price/% discount that is similar to the story above. Especially when it is an area that has had lots of recent development or homes that are still being built.

[waterboy]

Thanks for pointing this out. I just don’t see why anybody would purchase now unless they can comfortably afford and were able to purchase for a price/% discount that is similar to the story above. Especially when it is an area that has had lots of recent development or homes that are still being built.

[betting on fall]

I see it happening in San Diego. Probably down in Chula Vista first.
Link below is for a listing of a house the developer sold for $900,000 in 2005. Today its an REO listed at $685,000. Scroll through the listing pictures, and what do you see from the balcony? Acres of graded lots ready for new homes! If/when those lots get homes on them, they will have to be sold at 40-50% off the developers 2005 prices.

http://www.sdlookup.com/MLS-071041920-1624_Hillsborough_St_Chula_Vista_CA_91913

[betting on fall]

I see it happening in San Diego. Probably down in Chula Vista first.
Link below is for a listing of a house the developer sold for $900,000 in 2005. Today its an REO listed at $685,000. Scroll through the listing pictures, and what do you see from the balcony? Acres of graded lots ready for new homes! If/when those lots get homes on them, they will have to be sold at 40-50% off the developers 2005 prices.

http://www.sdlookup.com/MLS-071041920-1624_Hillsborough_St_Chula_Vista_CA_91913

[betting on fall]

I see it happening in San Diego. Probably down in Chula Vista first.
Link below is for a listing of a house the developer sold for $900,000 in 2005. Today its an REO listed at $685,000. Scroll through the listing pictures, and what do you see from the balcony? Acres of graded lots ready for new homes! If/when those lots get homes on them, they will have to be sold at 40-50% off the developers 2005 prices.

http://www.sdlookup.com/MLS-071041920-1624_Hillsborough_St_Chula_Vista_CA_91913

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