This listing shows how specific (or how fragile?) the market is these days. The same floor plan around the corner had about 10 offers on it, and closed last month over list price, for $720,000: http://www.sdlookup.com/Pictures-090066614 Yet this one isn't having the...
Month: February 2010
Flimflam
Here's a classic ponzi scheme right in our own backyard. This guy owned this house since 1988, and had been an active contractor in the community. When the market was hot, borrowing money to do remodels and flippers worked out fine for him. But when the music...
Property Tax Re-Assessment
From the SD County Assessor - I am happy to provide comps: The County Assessor’s Office wishes to notify property owners that tax relief is available if their property’s market value has fallen below its assessed value. Your property’s assessed value is shown in the...
Another Head-Scratcher
With all the postponements of trustee sales, it seems that if any defaulting borrower could just fog a mirror, the servicer would give them a break. Apparently, they'll go farther than that - from a reader: My sister passed in mid 2007 from cancer. She was widowed and...
Del Mar Mesa-rita
Pardee has removed Shaw Lorenz from their website, and staffers made it sound like they have postponed construction plans for now:
More Can-Kicking
Julie brought up the mark-to-market accounting requirement for banks. I don't think the banks worry much about marking to market. Of the 43 Countrywide/B of A listings I've sold, I can't think of one of the foreclosed mortgages that was actually owned by them. CFC...
Walkability Factor
Let's lighten it up just a bit - for those who value living in a neighborhood where most services are within walking distance, here's a link to a website that not only ranks the 'walkability' factor of a specific home address, but also lists the closest shops and...
Another Typical Day
Paragliding Must-See
Thanks to murph2222 for this spectacular video of La Jolla Shores Lane! Paragliding at Torrey Pines The big white house is owned by Sheila Potiker. Her late-husband, Hughes Potiker (who died last year at the age of 80), founded Entertainment Publications, the...
I-5 and 56 Interchange
This simulation is posted on a website opposing I-5 expansion. The freeway traffic in this area (which has seen marked improvement over the last few months since the last project was completed) deters some people from thinking about living further north. Could a new...