I’m the biggest idiot out of everyone. But get sympathy help from smarter people than me…
But in all seriousness. When you start seeing Pardee $600k-$700k homes in MM selling well, which are basically the same exact homes that sold in Carmel Valley as “Carriage Run” for $800k, to me that tells me something is going on in the hood…
FWIW: I recall when these homes were first announced by pardee, almost all of us were skeptical..A lot of us were like no frickin way…Is Pardee insane???….
I was one of them….
I think there was only one person who actually said they would sell well…And called it as it happened.
You can dig it up who it was….It wasn’t AN either (initially)…
My feeling is you NEVER stop learning and there are always people smarter than me/you/etc. You never stop learning and you should always want to learn a bit each day. At least that’s what I try to do.
I can’t understand some of the prices that some of these places are going for in MM.
While it’s not for me, it obviously looks like it is for other people. My personal thought and something I told myself a long time ago is I’d never buy an investment property in an area I personally wouldn’t want to live in or could see myself living in.
While I admit that MM is conveniently located for many people. I just can’t see the appeal, especially at today’s prices. (flu’s example of Pardee homes going for 700k is a good example). I don’t get it but still willing to hear why someone else feels they are worth it.
I’ve stuck with that philosophy and it’s paid off very well for me over the years. I don’t care if an area is renting out well. If I couldn’t see myself living there..it was a no go.
But then again if I could pick up a rental property for only $125k in SD and rent it for $1,450 per month….. I’d be singing a different tune! LOL.
