Ten years ago today, I wrote House Price Mosaic. This was a discussion of how areas with significant foreclosure activity were seeing larger price declines (as expected).
In the post, I mentioned a foreclosure that Jim the Realtor had listed for sale at 260 Securidad St in Oceanside, CA.
For fun, I took a look at that house.
The house had sold for $318,000 in July 2004, and according to Jim, the owner refinanced a year later for a total of $375,000 in loans.
The house sold for $140,000 in June 2008 at foreclosure.
Now the house would probably sell for double the foreclosure price. That is a crazy ride.
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