The flippers have been on a remarkable run in 2012 – will it continue? Or will 2013 be the year that buyers start to hesitate when they calculate flipper profit vs. upgrades?
Leucadia Near Hymettus
by Jim the Realtor | Dec 27, 2012 | Bubbleinfo TV, Encinitas, Flips, Leucadia | 2 comments
Here we go:
With the closing of a transaction for $734 million in tax-exempt bond financing on Monday, construction of the long-awaited seawater desalination plant in Carlsbad is set to begin within the next several days.
The San Diego County Water Authority adopted in late November the water purchase agreement with the desalination plant developer, Poseidon Resources, setting the San Diego region to begin receiving a proportion of its drinkable water from the facility by 2016. Scheduled to be built beside the Encina Power Station in Carlsbad, on land owned by the power station’s owner, NRG Energy (NYSE: NRG), the new desalination facility will be the nation’s largest, and have the capacity to produce up to 56,000 acre-feet of fresh water annually.
The completed financing will fund the desalination plant’s construction, as well as the construction of a 10-mile water pipeline connecting the facility to inland distribution sites.
P.S. This house was marked pending the day after Christmas – six days on market.
I think the agent on the phone was talking to the buyer’s agent who was pleading for price relief, didn’t get it, and went ahead and bought it anyway.