patrick.net

Carmel must be #1 dog-ownership town. Almost every one I ran into were walking their dogs. And restaurants have signs saying 'dog friendly'.
I guess if you are a rich stiff living in Carmel, you'd need a dog to keep company.

I get a chuckle when I hear 'Carmel is an Artistic Bohemian town'. sure if by bohemian you mean 'rich retirees with Jaguars' :-)

I saw a small beachfront (on the beach frontage road) house for sale in Carmel not long ago. It was only 7M.
Not sure if a dog is included.

justme says

I saw a small beachfront (on the beach frontage road) house for sale in Carmel not long ago. It was only 7M.
Not sure if a dog is included.

At least a handsome pool boy for that money!

Carmel must be #1 dog-ownership town. Almost every one I ran into were walking their dogs.

I was in Laguna Beach this weekend and we noticed the same phenomenon. All exotic dog breeds, too.

Carmel is served by Monterey for the general commercial stuff. It is a place for owners, not worker bees, and as such I don't see it becoming terribly distressed, thanks to Prop 13 valuations on the bulk of the land making any property easy to cash-flow provided it wasn't acquired recently.

Wouldn't a place like Carmel have strict rental rules, like minimum 2 weeks, etc? In know our 'posh' Cannon Beach, Oregon is very strict in number of rentals and how often it can be rented, min every 2 weeks.

Oregon is very strict in number of rentals and how often it can be rented, min every 2 weeks.

Looking at a property mgmt site, the minimum might be 30 days. If you're carrying a pre-dotcom valuation, one month a year will easily cover the carrying cost. I don't know why anyone would unload a property in Carmel.

"bulk of the land making any property easy to cash-flow provided it wasn’t acquired recently"

Until someone makes a better beach community somewhere else as was the case with Laguna Beach vs Malibu.
For now we also have plenty of land near Half Moon Bay!

I live in the Monterey area and am about 10 minutes from Carmel. It's true, lots of for sale signs.

However, Pebble Beach is worse. You would never know it from the road (since you have to get through a gate/guard) but once past, the place is littered with property for sale.

The high end market definitely has a long way to go - and while it comes down, it will only push the lower end lower.

I'll take some pictures next week if I get a chance and load them up for you guys.

I think of both Carmel & Cannon Beach as toast...so beautiful they got wrecked and are now insipid...floating in bad albeit costly art.

When the Salinas crowd moves back to Salinas, and Seaside looks like more like it used to, then Carmel will be ok.