Comments on: Oceanside Terraces Sold on Auction Block

By: incog99

incog99 — Thu, 23 Jul 2009 02:43:15 +0000

Yes it is really kind of sad. All one needs to do is drive around Carlsbad and see how well the city has been managed. Every inch of that city is a model of good planning. The minute you cross over into Oceanside the entire ambiance of the coastline changes to tacky. It must be from years and years of city council corruption. Had I known better, I would not have purchased a home north of the the 78 corridor in 1988. I was warned at the time. It's time to remove the existing politicians who built the Taj Majal for 20 million in 1990 (talk about greasing palms) and start fresh. Oceanside needs a complete overhaul. I currently live in Denver and still own property in Oceanside. I think it has a gorgeous location but the crooks on the city council must go. Chuck Lowrey who was bad mouthed as a "liberal breadmaker" would be a good start in cleaning up this corrupt mess.

Best Regards,

incog99

By: EveSieminski

EveSieminski — Tue, 21 Jul 2009 17:44:29 +0000

I completely agree!!! Having worked downtown for 15 months I personally saw them in action. Not only didn't they do anything to help us out, it seemed like they were on a mission to throw road blocks in our way. One of those things included not allowing us to put up open house signs to attract downtown visitors. This definitely made a HUGE difference in not only our numbers but those of adjoining businesses.
I have a feeling that San Miguel and other nearby condo owners will be tearing their hair out once those comps hit.

By: RobertaMurphy

RobertaMurphy — Tue, 21 Jul 2009 03:09:12 +0000

Grrr! I am having trouble with the tables in WordPress, but here is a link
to the results of yesterday's auction:

http://sandiegopreviews.com/2009/07/20/oceansid...

As you can see, 604 sold at $696,000; 508 sold at $645,000; and 302 sold at
$431,000.

We are still assessing the impact of these numbers. If you have any
questions, please feel free to give me a call at either 760-942-9100 or
760-402-9101.

Best regards,

Roberta Murphy

By: incog99

incog99 — Mon, 20 Jul 2009 22:37:31 +0000

EveSieminski, I agree Oceanside doesn't give a rats xxx about property values and will build anything in front of these units. Nothing promised by the city council can be trusted. The reason I did not bid on the units is because I already have one home in Oceanside and the city council threatened to widen College Blvd with imaginary money and take out my neighbor's home (an elderly widow). I suspect they were spending money provided by Ocean Ranch for the study with no intention of doing the project. The city council cannot be trusted to manage this gorgeous location.

By: incog99

incog99 — Mon, 20 Jul 2009 22:26:14 +0000

I toured the units and cannot make out the prices on your site. I am curious about the final prices on Units 604, 508 and 302. It would be nice if you could publish the results in a table. The illustration was illegible even when I reduced my resolution on my computer.

Thanks!

By: EveSieminski

EveSieminski — Mon, 20 Jul 2009 14:21:22 +0000

The auction certainly was an eye opener! It broke my heart to see an owner who paid $1.2M for their unit see the unit next door go for $595,000!!!!! As she left almost in tears she said to me “They told me they wouldn't give them away”.
My answer to her was “yes, they told us ALL lots of things”.
What was of utmost concern to me was the auctioneer was touting these units as ocean front and ocean view…..they seemed to ignore the fact that almost all those units will be losing their “ocean view” and “ocean front” status in the coming years.
Hang on to your hats people…..it's going to be bumpy ride!!!!