morekaos
Well-known member
Take a close look at this random Talega neighborhood with 12 homes for sale. ALL are short sales. All are losses, some 50%. That is staggering, not 1 not 2?ALL are down. Talega is a total disaster. There is no debating that fact
http://www.redfin.com/search#lat=33.479688376653925&long=-117.58847236633301&market=socal&uipt=4,1&v=5&zoomLevel=16
The reason this area is so good for our conversation is that most of it was built and sold from 2003-2009, it gives us a good idea of what has happened to relatively NEW construction. These homes are pretty new so no big knock down rebuilds here. These are basically the same homes. Face it pretty much ALL of them have fallen in price. That is the apples to apples facts. Same homes in similar condition selling for significantly less 1-2 and 4 years after they were built. This even shocked me. If the homes for sale have dropped this much than I think you can assume most if not all of them have
http://www.redfin.com/search#lat=33.479688376653925&long=-117.58847236633301&market=socal&uipt=4,1&v=5&zoomLevel=16
The reason this area is so good for our conversation is that most of it was built and sold from 2003-2009, it gives us a good idea of what has happened to relatively NEW construction. These homes are pretty new so no big knock down rebuilds here. These are basically the same homes. Face it pretty much ALL of them have fallen in price. That is the apples to apples facts. Same homes in similar condition selling for significantly less 1-2 and 4 years after they were built. This even shocked me. If the homes for sale have dropped this much than I think you can assume most if not all of them have