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July 29, 2008 at 4:55 PM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #249020July 29, 2008 at 4:55 PM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #249029
La Jolla Renter
ParticipantOn thing to remember about the business savvy La Jolla homeowners:
They will cut and run as soon as they can if it makes business sense. There are probably hundreds of homeowners in La Jolla that are meeting with their CPAs and attorneys right now, plotting an exit strategy.
If they can get out, why wouldn’t they.
I know a condo investor/attorney that let multiple condos in La Jolla go into default because they want to renegotiate with the lender. They claim it was a voluntary move, not a cash flow problem.
Sophisticated business people do not need a 750+ credit score. It is a nice to have, but not a must have. Trash their credit for a couple years to cut a $1M loss… you bet they would.
July 27, 2008 at 11:09 AM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #247804ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #247959ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #247962ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #248021ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #248027ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
ParticipantI won’t bash. The good news is that it is only $3k, so a very cheap lesson:
Never ever never lend money to family or a friend.
Do you still want the friendship? If you want the money back, I would never let up. The squeaky wheel gets the oil. When she gives you a sob story, give it back to her 10 fold.
Good luck.
ParticipantI won’t bash. The good news is that it is only $3k, so a very cheap lesson:
Never ever never lend money to family or a friend.
Do you still want the friendship? If you want the money back, I would never let up. The squeaky wheel gets the oil. When she gives you a sob story, give it back to her 10 fold.
Good luck.
ParticipantI won’t bash. The good news is that it is only $3k, so a very cheap lesson:
Never ever never lend money to family or a friend.
Do you still want the friendship? If you want the money back, I would never let up. The squeaky wheel gets the oil. When she gives you a sob story, give it back to her 10 fold.
Good luck.
ParticipantI won’t bash. The good news is that it is only $3k, so a very cheap lesson:
Never ever never lend money to family or a friend.
Do you still want the friendship? If you want the money back, I would never let up. The squeaky wheel gets the oil. When she gives you a sob story, give it back to her 10 fold.
Good luck.
ParticipantI won’t bash. The good news is that it is only $3k, so a very cheap lesson:
Never ever never lend money to family or a friend.
Do you still want the friendship? If you want the money back, I would never let up. The squeaky wheel gets the oil. When she gives you a sob story, give it back to her 10 fold.
Good luck.
ParticipantI second Dave Ramsey’s Total Money Makeover.
I have zero debt and still like listening to the guy.
He also has a radio show.
Suzi Orman’s cable show is pretty good as well.
I really think someone has to hit bottom before they get anywhere.
You can lead a horse to water…
ParticipantI second Dave Ramsey’s Total Money Makeover.
I have zero debt and still like listening to the guy.
He also has a radio show.
Suzi Orman’s cable show is pretty good as well.
I really think someone has to hit bottom before they get anywhere.
You can lead a horse to water…
ParticipantI second Dave Ramsey’s Total Money Makeover.
I have zero debt and still like listening to the guy.
He also has a radio show.
Suzi Orman’s cable show is pretty good as well.
I really think someone has to hit bottom before they get anywhere.
You can lead a horse to water…
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