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Re: Facing foreclosure in San Diego

Posted by Smarter than Buffett on August 13, 2006 at 5:36 AM

In Reply to: Re: Facing foreclosure in San Diego posted by Buffett on August 09, 2006 at 3:51 PM

: Sale History for "693 garfield ave el cajon ca 92020"

: 03/21/2006: $520,000
: 08/11/2003: $370,000
: 06/04/1999: $130,000

: A typical story of the "Greater Fools" -
: the last buyer of the overpriced property.

: My 'no-bullshiit' suggestion:
: "Drop it like it's hot."

: Sell the damn thing before your parents lost their pants.
: Buying a half a million home with 1378 sqr fts, built 1949 in El Cajon....
: You guys are just a bunch of greedy fools.

"Buffett": I'm not saying the original poster didn't overpay for the property, but if you're saying real estate can't significantly increase in value due to such factors as inflation, lower mortgage interest rates, construction material and labor cost increases, supply and demand, etc., you're certainly not the savvy investor you are pretending to be.


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