Some, reading yesterday’s post on the 1% San Diego home value may at first think that it’s only 1% as reported. But, the ‘real’ story is that for many months now, the top purchasing incentive used both on resales and new construction has been the big incentives. Yes, it is almost standard to offer closing costs, a year or two of HOA dues, kitchen appliances and more to move the properties. The 1% price drop noted in the lasted Dataquick report DOES NOT take these incentives into account in their sale numbers. I would venture to say there purchase incentives may add an additional 1-2% to the ‘real’ value decline.Â
Search every San Diego MLS listing at www.brokerforyou.com San Diego homes.Â
Very insightful comments.
But, I know very few will agree with you until they have lost 20% of their equity!
It’s just surprising that so many people with the clear signs that were present in 2004 and 2005 didn’t say that the San Diego real estate bubble was about to bust!
Kelly
SD Breast Augmentation