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SD Realtor
ParticipantWell CV is indeed interesting. I have a few people who have been THOROUGHLY frustrated by the activity there. They were really hoping to get a 2500 sf home for the mid 700s and it just is not happening. Right now the active pending ratio is 171 actives and 53 pendings. Out of those 53 pendings, 18 of them are under 800k and just one of those is a 3k sf home. Once again, a few good deals here and there but not great homes. It is going down, don’t get me wrong, but it is being sticky sticky sticky. It is just….. going…. to…. take ….. awhile.
SD Realtor
SD Realtor
ParticipantWell CV is indeed interesting. I have a few people who have been THOROUGHLY frustrated by the activity there. They were really hoping to get a 2500 sf home for the mid 700s and it just is not happening. Right now the active pending ratio is 171 actives and 53 pendings. Out of those 53 pendings, 18 of them are under 800k and just one of those is a 3k sf home. Once again, a few good deals here and there but not great homes. It is going down, don’t get me wrong, but it is being sticky sticky sticky. It is just….. going…. to…. take ….. awhile.
SD Realtor
SD Realtor
ParticipantHi Amy –
To be honest with you, any answer that I would give about whether Carlsbad is fully built out would definitely be speculative. I think that Carlsbad is pretty diverse and the developments you are talking about off of Alga are not going to be affected much at this point regarding further development. As most developers right now are putting the brakes on all activity I kind of think that the point is rather moot for now. I think that the market is depressed enough such that lack of further development will not be able to push pricing up severely.
SD Realtor
SD Realtor
ParticipantHi Amy –
To be honest with you, any answer that I would give about whether Carlsbad is fully built out would definitely be speculative. I think that Carlsbad is pretty diverse and the developments you are talking about off of Alga are not going to be affected much at this point regarding further development. As most developers right now are putting the brakes on all activity I kind of think that the point is rather moot for now. I think that the market is depressed enough such that lack of further development will not be able to push pricing up severely.
SD Realtor
SD Realtor
ParticipantHi Amy –
To be honest with you, any answer that I would give about whether Carlsbad is fully built out would definitely be speculative. I think that Carlsbad is pretty diverse and the developments you are talking about off of Alga are not going to be affected much at this point regarding further development. As most developers right now are putting the brakes on all activity I kind of think that the point is rather moot for now. I think that the market is depressed enough such that lack of further development will not be able to push pricing up severely.
SD Realtor
SD Realtor
ParticipantHi Amy –
To be honest with you, any answer that I would give about whether Carlsbad is fully built out would definitely be speculative. I think that Carlsbad is pretty diverse and the developments you are talking about off of Alga are not going to be affected much at this point regarding further development. As most developers right now are putting the brakes on all activity I kind of think that the point is rather moot for now. I think that the market is depressed enough such that lack of further development will not be able to push pricing up severely.
SD Realtor
SD Realtor
ParticipantHi Amy –
To be honest with you, any answer that I would give about whether Carlsbad is fully built out would definitely be speculative. I think that Carlsbad is pretty diverse and the developments you are talking about off of Alga are not going to be affected much at this point regarding further development. As most developers right now are putting the brakes on all activity I kind of think that the point is rather moot for now. I think that the market is depressed enough such that lack of further development will not be able to push pricing up severely.
SD Realtor
SD Realtor
Participantjohnny the feds are preparing 300 billion and that is just the first pass at the program. That is a little bit more then a drop in the bucket to me. That is 300 billion that the FHA will have to federally insure reworked mortgages. Taxpayer money my friend. Don’t think for a minute that they won’t throw more money at the problem.
SD Realtor
SD Realtor
Participantjohnny the feds are preparing 300 billion and that is just the first pass at the program. That is a little bit more then a drop in the bucket to me. That is 300 billion that the FHA will have to federally insure reworked mortgages. Taxpayer money my friend. Don’t think for a minute that they won’t throw more money at the problem.
SD Realtor
SD Realtor
Participantjohnny the feds are preparing 300 billion and that is just the first pass at the program. That is a little bit more then a drop in the bucket to me. That is 300 billion that the FHA will have to federally insure reworked mortgages. Taxpayer money my friend. Don’t think for a minute that they won’t throw more money at the problem.
SD Realtor
SD Realtor
Participantjohnny the feds are preparing 300 billion and that is just the first pass at the program. That is a little bit more then a drop in the bucket to me. That is 300 billion that the FHA will have to federally insure reworked mortgages. Taxpayer money my friend. Don’t think for a minute that they won’t throw more money at the problem.
SD Realtor
SD Realtor
Participantjohnny the feds are preparing 300 billion and that is just the first pass at the program. That is a little bit more then a drop in the bucket to me. That is 300 billion that the FHA will have to federally insure reworked mortgages. Taxpayer money my friend. Don’t think for a minute that they won’t throw more money at the problem.
SD Realtor
SD Realtor
ParticipantSD Realtor
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