7 Comments

1. 

   Ocrenter on March 23, 2012 at 7:48 am

   Hey, these are better bargains compared to the $900k gem in University Heights!

   But seriously, the banks can only do this in Carmel Valley. And why? The seriously deranged game of keeping up with the Chens and Patels. This is Irvine circa 90’s in the making…

2. 

   SD_Coastal on March 23, 2012 at 8:49 am

   But doesn’t it start in areas like CV and move out form there? The substitution factor in reverse. Aren’t we going to see the same thing’s on the way back up as we did on the way down? Remember this whole thing stated in areas like Oceanside (less desirable) with the ice cream trucks (everyone remembers those days), so wouldn’t it stand to reason that the leg back up would start in areas like CV (desirable)and spread out form there?

3. 

   curious buyer on March 23, 2012 at 8:58 am

   Jim,
   I noticed that all the foreclosed properties has the listing agent’s sign posted long before they hit the open market. Why do you think this is the case?
   Do they want to the buyer to contact them directly to make double commission?

4. 

   Travis on March 23, 2012 at 11:46 am

   “sound of peeing – in stereo!” Excellent Jim!

5. 

   bubblenerd on March 23, 2012 at 2:06 pm

   I guess if you have an enlarged prostate, surround sound peeing might be therapeutic.

6. 

   tj & the bear on March 23, 2012 at 6:44 pm

   But doesn’t it start in areas like CV and move out form there?

   Doesn’t seem like it’s ever stopped in CV.

7. 

   Jeeman on March 27, 2012 at 5:47 pm

   I thought of the peeing metaphor, before JtR mentioned it. Everyone will think that.