608 California found a buyer at a $80k/6% discount from asking. Not bad. At $761/sq ft I still find it overpriced but when comparing it to some of the crap that changes hands this is a very nice livable house.
Just think, after dropping a quarter of a million dollars they have the privilege of paying about $7000 a month to live in this house.
Seems like a smart choice….
Or you could rent a similar house on McCarthy for $3600 saving ~$3500/month while investing their $250K.
I could be wrong. Maybe the new owners make $300K+ a year, have 100% job security and don’t mind a correction of $100-$200k.