[jpinpb]

SD Realtor – Thanks for all the information you provide on these boards. I really appreciate it.

[jpinpb]

SD Realtor – Thanks for all the information you provide on these boards. I really appreciate it.

[jpinpb]

SD Realtor – Thanks for all the information you provide on these boards. I really appreciate it.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

Here’s some info on this complex:

Address Last Sold Last Price
4525 Mississippi St #1, San Diego 92116 05/11/1999 $81,500
4525 Mississippi St #2, San Diego 92116 08/23/2005 $337,500
4525 Mississippi St #3, San Diego 92116 05/17/2005 $355,000
4525 Mississippi St #4, San Diego 92116 07/14/2005 $307,000
4525 Mississippi St #5, San Diego 92116 09/22/2005 $347,000
4525 Mississippi St #6, San Diego 92116 07/01/1998 $87,500
4525 Mississippi St #7, San Diego 92116 04/24/1989 $95,000
4525 Mississippi St #8, San Diego 92116 04/05/1990 $99,500

Now why Wells Fargo would raise the price when they have added another criteria in their credit standards, 20%, is beyond me. At the peak, these places sold for 350k, so they are taking a hit from the peak considerably.

Maybe they checked the comps and thought the increase was justified. Something tells me if one offered 199k, they might go for it. Maybe they have other properties in the area and don’t want to drag the comps down too low and have to take a bigger hit on other properties.

[jpinpb]

Here’s some info on this complex:

Address Last Sold Last Price
4525 Mississippi St #1, San Diego 92116 05/11/1999 $81,500
4525 Mississippi St #2, San Diego 92116 08/23/2005 $337,500
4525 Mississippi St #3, San Diego 92116 05/17/2005 $355,000
4525 Mississippi St #4, San Diego 92116 07/14/2005 $307,000
4525 Mississippi St #5, San Diego 92116 09/22/2005 $347,000
4525 Mississippi St #6, San Diego 92116 07/01/1998 $87,500
4525 Mississippi St #7, San Diego 92116 04/24/1989 $95,000
4525 Mississippi St #8, San Diego 92116 04/05/1990 $99,500

Now why Wells Fargo would raise the price when they have added another criteria in their credit standards, 20%, is beyond me. At the peak, these places sold for 350k, so they are taking a hit from the peak considerably.

Maybe they checked the comps and thought the increase was justified. Something tells me if one offered 199k, they might go for it. Maybe they have other properties in the area and don’t want to drag the comps down too low and have to take a bigger hit on other properties.

[Author]

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