[UCGal]

I’ve seen some properties that fit CARs description. But in my hood – University City…

This one comes to mind:
http://www.sdlookup.com/MLS-100003395-4327_Benhurst_San_Diego_CA_92122

They’re on their 4th MLS# in a year, resetting the DOM. Their price reductions have been small. The property has some issues – the big one is that it backs up to Governor drive.

They paid $420k in 2000 – but have probably pulled a lot of cash out. They originally listed for close to $1M. It was too high back then – and they haven’t dropped much.

It doesn’t help that 4346 Benhurst, across the street, is scheduled for trustee sale next month. That will provide another uncomfortable comp for them.

[UCGal]

I’ve seen some properties that fit CARs description. But in my hood – University City…

This one comes to mind:
http://www.sdlookup.com/MLS-100003395-4327_Benhurst_San_Diego_CA_92122

They’re on their 4th MLS# in a year, resetting the DOM. Their price reductions have been small. The property has some issues – the big one is that it backs up to Governor drive.

They paid $420k in 2000 – but have probably pulled a lot of cash out. They originally listed for close to $1M. It was too high back then – and they haven’t dropped much.

It doesn’t help that 4346 Benhurst, across the street, is scheduled for trustee sale next month. That will provide another uncomfortable comp for them.

[UCGal]

I’ve seen some properties that fit CARs description. But in my hood – University City…

This one comes to mind:
http://www.sdlookup.com/MLS-100003395-4327_Benhurst_San_Diego_CA_92122

They’re on their 4th MLS# in a year, resetting the DOM. Their price reductions have been small. The property has some issues – the big one is that it backs up to Governor drive.

They paid $420k in 2000 – but have probably pulled a lot of cash out. They originally listed for close to $1M. It was too high back then – and they haven’t dropped much.

It doesn’t help that 4346 Benhurst, across the street, is scheduled for trustee sale next month. That will provide another uncomfortable comp for them.

[UCGal]

[quote=bearishgurl][quote=briansd1]Your CV is Chula Vista. There are smug CV (the other CV) homeowners who believe that their neighborhood is immune. 😉
[/quote]

briansd1, by “other CV,” I take it you are referring to my 200,000+ annexed neighbors to the far east (and southeast)?? [/quote]

Not Brian, but I think he was referring to the other CV being Carmel Valley. It seems like on real estate blogs Carmel Valley is the holy grail of real estate – and totally immune to any downturn. (On the blogs, not reality.)

[UCGal]

[quote=bearishgurl][quote=briansd1]Your CV is Chula Vista. There are smug CV (the other CV) homeowners who believe that their neighborhood is immune. 😉
[/quote]

briansd1, by “other CV,” I take it you are referring to my 200,000+ annexed neighbors to the far east (and southeast)?? [/quote]

Not Brian, but I think he was referring to the other CV being Carmel Valley. It seems like on real estate blogs Carmel Valley is the holy grail of real estate – and totally immune to any downturn. (On the blogs, not reality.)

[UCGal]

[quote=bearishgurl][quote=briansd1]Your CV is Chula Vista. There are smug CV (the other CV) homeowners who believe that their neighborhood is immune. 😉
[/quote]

briansd1, by “other CV,” I take it you are referring to my 200,000+ annexed neighbors to the far east (and southeast)?? [/quote]

Not Brian, but I think he was referring to the other CV being Carmel Valley. It seems like on real estate blogs Carmel Valley is the holy grail of real estate – and totally immune to any downturn. (On the blogs, not reality.)

[UCGal]

[quote=bearishgurl][quote=briansd1]Your CV is Chula Vista. There are smug CV (the other CV) homeowners who believe that their neighborhood is immune. 😉
[/quote]

briansd1, by “other CV,” I take it you are referring to my 200,000+ annexed neighbors to the far east (and southeast)?? [/quote]

Not Brian, but I think he was referring to the other CV being Carmel Valley. It seems like on real estate blogs Carmel Valley is the holy grail of real estate – and totally immune to any downturn. (On the blogs, not reality.)

[UCGal]

[quote=bearishgurl][quote=briansd1]Your CV is Chula Vista. There are smug CV (the other CV) homeowners who believe that their neighborhood is immune. 😉
[/quote]

briansd1, by “other CV,” I take it you are referring to my 200,000+ annexed neighbors to the far east (and southeast)?? [/quote]

Not Brian, but I think he was referring to the other CV being Carmel Valley. It seems like on real estate blogs Carmel Valley is the holy grail of real estate – and totally immune to any downturn. (On the blogs, not reality.)

[UCGal]

[quote=jameswenn]So what’s the word on the street?

I have weekly emails from job boards and i’m seeing the same jobs month after month.

I live in UC, so alot of my neighbors are scientists and a few have been out of work for months as local shops closed down. They’re thinking of relocating to SF Bay or Denver to find work.[/quote]
I’m seeing the same thing here in UC. Maybe it’s just our microcosm. I just found out why I haven’t seen one neighbor in a while… He’s a PhD scientist who was laid off – he’s been working in LA during the week. My kids classmates – several have at least one parent looking for work… and these are all scientist parents.

That said – the neighbor across the street is back at work after about a year off. She does escrow/loan stuff. I guess the low rates, government intervention, etc. have created a demand for her job again.

[UCGal]

[quote=jameswenn]So what’s the word on the street?

I have weekly emails from job boards and i’m seeing the same jobs month after month.

I live in UC, so alot of my neighbors are scientists and a few have been out of work for months as local shops closed down. They’re thinking of relocating to SF Bay or Denver to find work.[/quote]
I’m seeing the same thing here in UC. Maybe it’s just our microcosm. I just found out why I haven’t seen one neighbor in a while… He’s a PhD scientist who was laid off – he’s been working in LA during the week. My kids classmates – several have at least one parent looking for work… and these are all scientist parents.

That said – the neighbor across the street is back at work after about a year off. She does escrow/loan stuff. I guess the low rates, government intervention, etc. have created a demand for her job again.

[UCGal]

[quote=jameswenn]So what’s the word on the street?

I have weekly emails from job boards and i’m seeing the same jobs month after month.

I live in UC, so alot of my neighbors are scientists and a few have been out of work for months as local shops closed down. They’re thinking of relocating to SF Bay or Denver to find work.[/quote]
I’m seeing the same thing here in UC. Maybe it’s just our microcosm. I just found out why I haven’t seen one neighbor in a while… He’s a PhD scientist who was laid off – he’s been working in LA during the week. My kids classmates – several have at least one parent looking for work… and these are all scientist parents.

That said – the neighbor across the street is back at work after about a year off. She does escrow/loan stuff. I guess the low rates, government intervention, etc. have created a demand for her job again.

[UCGal]

[quote=jameswenn]So what’s the word on the street?

I have weekly emails from job boards and i’m seeing the same jobs month after month.

I live in UC, so alot of my neighbors are scientists and a few have been out of work for months as local shops closed down. They’re thinking of relocating to SF Bay or Denver to find work.[/quote]
I’m seeing the same thing here in UC. Maybe it’s just our microcosm. I just found out why I haven’t seen one neighbor in a while… He’s a PhD scientist who was laid off – he’s been working in LA during the week. My kids classmates – several have at least one parent looking for work… and these are all scientist parents.

That said – the neighbor across the street is back at work after about a year off. She does escrow/loan stuff. I guess the low rates, government intervention, etc. have created a demand for her job again.

[UCGal]

[quote=jameswenn]So what’s the word on the street?

I have weekly emails from job boards and i’m seeing the same jobs month after month.

I live in UC, so alot of my neighbors are scientists and a few have been out of work for months as local shops closed down. They’re thinking of relocating to SF Bay or Denver to find work.[/quote]
I’m seeing the same thing here in UC. Maybe it’s just our microcosm. I just found out why I haven’t seen one neighbor in a while… He’s a PhD scientist who was laid off – he’s been working in LA during the week. My kids classmates – several have at least one parent looking for work… and these are all scientist parents.

That said – the neighbor across the street is back at work after about a year off. She does escrow/loan stuff. I guess the low rates, government intervention, etc. have created a demand for her job again.

[UCGal]

Oops – SDDuuude beat me to it.

[UCGal]

Oops – SDDuuude beat me to it.

[Author]

Posts