The flippers there are going underwater, one by one and Bosa is lowering prices and putting pressure on the flippers.
Let's look at

MLS-090009481 700 W E St 1701 San_Diego Ca 92101
Purchased for $1,039,400 on 01/01/08
Immediately listed at $1,160,000. Are you laughing yet?
Now listed for $929,500. INCLUDING all the ugly furniture.
$109,900 loss, not including carrying costs and transaction costs.
Was it really that long ago that people bought houses to live in?
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