[quote=AN]Even at $125k improvement cost plus 2003 price and 100% return on improvement investment. It would bring this house back to 2003 price. Are you saying getting 2003 price is a good deal? I don’t…[/quote]
It IS, for a fully “rehabbed” property in the prime areas of PL.
[quote]We got side track with the remodeling cost details. So ignore that and tell me who thinks 2003 price is a good deal?
There no point in discussing about Mira Mesa in a Point Loma thread.[/quote]
Yes, there IS a point in discussing the two areas (as it applies to how much to invest in them), AN, because YOU (in essence) stated these sellers overspent in PL. YOU stated that YOU were able to do the job(s) for less in MM but (1) they are not, in actuality, the SAME JOBS, and (2) comparing MM to PL is comparing apples to oranges.
You were RIGHT that these sellers overspent but it is NOT because it was in the “wrong area.” It was because they HAD to sell the property at the “WRONG TIME,” for whatever reason . . . a very unfortunate situation for them but very fortunate for the buyers :=]
[quote=AN]To me upgrading a house is like buying a luxury car. I expected to lose money but I do it for my own enjoyment.[/quote]
I understand your mindset now. Thank you for your honesty.
