[Bubblesitter]

I would stay away from the Condo market in general. Condos don’t hold their value as well as Single family homes. Aviara Tramonto as zero lot line detached condos may do a bit better than larger multi-unit condo buildings.

Keep your eyes on the % renters in any condo development. The combination of large % of renters and large % of underwater homeowners is a recipe for continued depreciation.

Condos in Tramonto will very likely be selling in the 300Ks by the time all this is over in 2011 timeframe.

60 minutes just had a good summary of just how long this housing downturn will likely last. We have a 2nd wave of Option ARM/ALT A resets starting in 2009, these will continue thru 2011. It is comparable in size/scope of the subprime debacle.

http://piggington.com/60_minutes_2nd_wave_option_armsalt_as

If I were you, I would wait for a SFH. Carlsbad is one great town.

Bubblesitter

[Bubblesitter]

I would stay away from the Condo market in general. Condos don’t hold their value as well as Single family homes. Aviara Tramonto as zero lot line detached condos may do a bit better than larger multi-unit condo buildings.

Keep your eyes on the % renters in any condo development. The combination of large % of renters and large % of underwater homeowners is a recipe for continued depreciation.

Condos in Tramonto will very likely be selling in the 300Ks by the time all this is over in 2011 timeframe.

60 minutes just had a good summary of just how long this housing downturn will likely last. We have a 2nd wave of Option ARM/ALT A resets starting in 2009, these will continue thru 2011. It is comparable in size/scope of the subprime debacle.

http://piggington.com/60_minutes_2nd_wave_option_armsalt_as

If I were you, I would wait for a SFH. Carlsbad is one great town.

Bubblesitter

[Bubblesitter]

I would stay away from the Condo market in general. Condos don’t hold their value as well as Single family homes. Aviara Tramonto as zero lot line detached condos may do a bit better than larger multi-unit condo buildings.

Keep your eyes on the % renters in any condo development. The combination of large % of renters and large % of underwater homeowners is a recipe for continued depreciation.

Condos in Tramonto will very likely be selling in the 300Ks by the time all this is over in 2011 timeframe.

60 minutes just had a good summary of just how long this housing downturn will likely last. We have a 2nd wave of Option ARM/ALT A resets starting in 2009, these will continue thru 2011. It is comparable in size/scope of the subprime debacle.

http://piggington.com/60_minutes_2nd_wave_option_armsalt_as

If I were you, I would wait for a SFH. Carlsbad is one great town.

Bubblesitter

[Bubblesitter]

I would stay away from the Condo market in general. Condos don’t hold their value as well as Single family homes. Aviara Tramonto as zero lot line detached condos may do a bit better than larger multi-unit condo buildings.

Keep your eyes on the % renters in any condo development. The combination of large % of renters and large % of underwater homeowners is a recipe for continued depreciation.

Condos in Tramonto will very likely be selling in the 300Ks by the time all this is over in 2011 timeframe.

60 minutes just had a good summary of just how long this housing downturn will likely last. We have a 2nd wave of Option ARM/ALT A resets starting in 2009, these will continue thru 2011. It is comparable in size/scope of the subprime debacle.

http://piggington.com/60_minutes_2nd_wave_option_armsalt_as

If I were you, I would wait for a SFH. Carlsbad is one great town.

Bubblesitter

[Bubblesitter]

I would stay away from the Condo market in general. Condos don’t hold their value as well as Single family homes. Aviara Tramonto as zero lot line detached condos may do a bit better than larger multi-unit condo buildings.

Keep your eyes on the % renters in any condo development. The combination of large % of renters and large % of underwater homeowners is a recipe for continued depreciation.

Condos in Tramonto will very likely be selling in the 300Ks by the time all this is over in 2011 timeframe.

60 minutes just had a good summary of just how long this housing downturn will likely last. We have a 2nd wave of Option ARM/ALT A resets starting in 2009, these will continue thru 2011. It is comparable in size/scope of the subprime debacle.

http://piggington.com/60_minutes_2nd_wave_option_armsalt_as

If I were you, I would wait for a SFH. Carlsbad is one great town.

Bubblesitter

[Bubblesitter]

Downey is history as of Friday. Good riddance.
Another blow to Taxpayers. The FDIC will assume the first $1.6 billion of losses on certain asset.

http://www.housingwire.com/2008/11/23/downey-fails-sold-to-us-bank-by-fdic/

[Bubblesitter]

Downey is history as of Friday. Good riddance.
Another blow to Taxpayers. The FDIC will assume the first $1.6 billion of losses on certain asset.

http://www.housingwire.com/2008/11/23/downey-fails-sold-to-us-bank-by-fdic/

[Bubblesitter]

Downey is history as of Friday. Good riddance.
Another blow to Taxpayers. The FDIC will assume the first $1.6 billion of losses on certain asset.

http://www.housingwire.com/2008/11/23/downey-fails-sold-to-us-bank-by-fdic/

[Bubblesitter]

Downey is history as of Friday. Good riddance.
Another blow to Taxpayers. The FDIC will assume the first $1.6 billion of losses on certain asset.

http://www.housingwire.com/2008/11/23/downey-fails-sold-to-us-bank-by-fdic/

[Bubblesitter]

Downey is history as of Friday. Good riddance.
Another blow to Taxpayers. The FDIC will assume the first $1.6 billion of losses on certain asset.

http://www.housingwire.com/2008/11/23/downey-fails-sold-to-us-bank-by-fdic/

[Bubblesitter]

You folks know who you are. The ones that winked-winked, justifying with “everyone is doing it”.

The largest bank in the US just essentially got its ass saved by the US government.

I never thought that Citigroup was in as bad as shape as it really was.

This downward economic spiral will see alot more casualties, including probably your friends, family and perhaps yourself.

Bubblesitter

[Bubblesitter]

You folks know who you are. The ones that winked-winked, justifying with “everyone is doing it”.

The largest bank in the US just essentially got its ass saved by the US government.

I never thought that Citigroup was in as bad as shape as it really was.

This downward economic spiral will see alot more casualties, including probably your friends, family and perhaps yourself.

Bubblesitter

[Bubblesitter]

You folks know who you are. The ones that winked-winked, justifying with “everyone is doing it”.

The largest bank in the US just essentially got its ass saved by the US government.

I never thought that Citigroup was in as bad as shape as it really was.

This downward economic spiral will see alot more casualties, including probably your friends, family and perhaps yourself.

Bubblesitter

[Bubblesitter]

You folks know who you are. The ones that winked-winked, justifying with “everyone is doing it”.

The largest bank in the US just essentially got its ass saved by the US government.

I never thought that Citigroup was in as bad as shape as it really was.

This downward economic spiral will see alot more casualties, including probably your friends, family and perhaps yourself.

Bubblesitter

[Bubblesitter]

You folks know who you are. The ones that winked-winked, justifying with “everyone is doing it”.

The largest bank in the US just essentially got its ass saved by the US government.

I never thought that Citigroup was in as bad as shape as it really was.

This downward economic spiral will see alot more casualties, including probably your friends, family and perhaps yourself.

Bubblesitter

[Author]

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