Adam’s on a roll – here’s a CV house he bought on the court house steps on a street where others have been popping!
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
Little boxes on the hillside, little boxes…
$800k+ and I need to repaint and lay new carpet… and possibly build a new house when it falls over and sinks into the swamp. Sweet deal, where do I sign up?
Wtf valley is something I will never comprehend.
Nice looking house in a very nice area. Most of the sales have been over $1,000,000…latest was $1,300,000. Adam got his house for a very good price. The location is convenient and it is behind gates, which is very nice. Would love to find a house in Monte Claire for what he paid.
The bubble lives!
Before everyone gets all giddy about how real estate has stabilized, remember what the good old Fed Funds rate is: 0%. The 10 year Treasury bond is hanging around 3%, and we still have massive gov’t intervention in the mortgage market. All I’m saying is that things are not likely to get any better for housing. The most likely future scenario is higher interest rates, higher taxes, stricter underwriting and less gov’t subsidies. Buy a house if you want to live in it for the next 10+ years, but let’s not uncork the champagne yet.
Surfer Steve,
I couln’t agree with you more.
I can’t figure out where all this money’s coming from. The official unemployment rate is 9.7%; the actual rate is widely believed to be closer to 20%. Real wages are stagnant, and only so many people can win the lottery.
$820K, even with 20% down, is roughly $4500/month at 5.5% 30-year fixed, which requires an income of somewhere around $160-210K.
I just don’t get it…
In Carmel Valley (which is where this house is located), there are many all cash sales or sales with a high percent of downpayment. I think many of the buyers have money from oversees, family, or prior home sales.