We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years.
Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community.
In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.
Might as well title this post why its different this time
Agree – I have heard this comparison several times in the last seven weeks from various real estate types but I thought this one at least had the stats clearly identified and his reasoning was fairly neutral (others have laughed off any repeat of 2008).
While the underlying fundamentals of our real estate market today is much better than last time (everyone has had to qualify for their loan this time, for example), nobody wants to touch on the new facts that could disrupt the real estate market further.
I’m looking for them though!
People don’t default if they have skin in the game. Without defaults, prices don’t drop in a big way. Especially in high end CA.
Exactly. We had a crisis in 2008 because buyers financed 100%, not just because of the neg-am.
Sellers will wait forever, rather than walk with nothing.
There was a Bressi Ranch victim who kept paying about $5000 per month to save his credit, even though he had no equity from the beginning (he financed 100% of $1.3M).