Realtors Underwater

Meet Raye Scott and Francine Finn



They are well-known Realtors who like to tell us about the "incredible opportunities" in real estate.

Perhaps the opportunity to bail them out of their loser condo?


350 11th Ave 923 San Diego Ca 92101

• Purchased for $763,500 on 1/31/2007
• Then immediately listed on 2/16/2007
• Now listed at $649,900 after more than 2 years of marketing failure.
  

Do you believe that such Realtors can be trusted to represent your interests?

Stay tuned for another Realtor feature at Electra

Wild Leaps of Logic

I posted on Piggington comments calling into question, Scott Lewis' (CEO of Voice of San Diego) quoting his own Realtor, Lew Breeze in a previous column.

ThinkPositive, a poster on SDlookup made an issue of my comments which then caused an exchange with Rich Toscano himself who accused me of wild leaps of logic.

The comments on SDLookup have been deleted.

I think that Scott Lewis quoting Lew Breeze, and essentially giving him a plug, was a bad journalistic call and continuing to quote him is a questionable practice because:

1. Lew Breeze was Scott's Realtor so I think that there is a conflict of interest here.
2. Voice of San Diego reporters continue to quote Lew Breeze. Readers may wonder if Lew Breeze's "expertize" is sought because he's the boss's Realtor.
3. Lew Breeze was a shill for Downtown real estate.
4. Lew Breeze invested in a multitude of condos (Electra, Trellis, Farhenheit.... ) that are underwater and he's trying to dump them, all the while pumping up downtown real estate.
5. Considering that Lew Breeze is losing big on his own investments, his expertize is very questionable.

Judge for yourself whether giving a voice to such a Realtor is fair and balance. Who is guilty of wild leaps of logic here?

Lew Breeze said:

Interesting read.

Is there anyone alive today that would like to have had a relative who had purchased San Diego land 100 years ago? I know I would. Event though likely at the time there were many skeptics in real estate (just like now, déjà vu). Even when real estate went down, those who held it (or their relatives) are glad they did.

Who knows, maybe we aren't at the bottom, but will real estate never rise again? Or does it only rise after you (not your Mr. Brightside, but you in the general sense) have decided to purchase?

Someday, downtown will be untouchable, in the sense that New York is untouchable to most of us now. Maybe not today, or a year from now. But 5 years from now? Or 10 years from now?

If a person buys to live or invest longterm (if they have money sitting around elsewhere), you or your family (in 20 years) will likely be glad you did. They certainly didn't name the Spreckles Building, or Horton Plaza, after the skeptics of the time.

No one rememembers those guys (the skeptics that is).

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Stay tuned for features on well-known downtown Realtors who are trying to dump their loser properties while telling you to buy.