by Calculated Risk on 9/02/2006 04:12:00 PM

Take Over Payments. No Qualifying. What a difference a year makes!

Photo by: Calculated Risk

I took this photo this morning in Sorrento Valley, San Diego. Just last summer, homes in San Diego would come on the market, and have multiple offers on the same day.

Now it's "Take Over Payments". This is probably one step before Jingle Mail.