Sunday, June 22, 2008

Slogan Shouting on Sunday

From the North Country Times: High-end neighborhoods also suffering.

Several homes in one of North County's ritzier regions, the San Diego neighborhoods of Rancho Penasquitos and Rancho Bernardo, have tumbled 30 percent in value.

Further, foreclosures are rising, leading some real estate agents to believe the depreciation will spread and worsen.

The two neighborhoods were particularly desirable communities during the housing boom, boasting a central location, with a short commute to either the ocean or downtown San Diego, strong schools and a bevy of brand-new, 4,000 square-foot homes with $1.5 million price tags.

Now, some of those homes are selling for $1 million, if the homeowner is lucky.

"All across the board, the market's been hit," said Eric Elegado, a real estate agent based in Mira Mesa. "Homes that sold for a million, they're going for $600,000."

The drop in prices has drilled gaping holes into a theory that the higher-end market could be immune to the housing recession.


Oooh, that stinger oughta leave a mark.

But, but, but, it's SLOGAN time.

The government made me do it.

No, that doesn't quite work.

It's ALWAYS a good time to buy a house.

Is it now?

The Guvernator will help.

The Goober-nator is a girly-man. He vill do nuzhing, and you vill like it.

McSame will lower taxes and save the market.

No, no, no, that doesn't work either.

Yomama will send checks to everyone, and save the day.

Not quite working out either.

Shaq is coming.

Shaq-A-Laqa-Boom Boom, baby! It's gone Boom-Boom.

The Boomers are coming.

The Bust is already here.

It's different here.

It sure as hell is.

Thank you, thank you, the EE will be here all week.

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