[quote=flyer]Many families, like ours, who have been in San Diego for many years have acquired true “gems” when it comes to property. We initially concentrated on properties in the Point Loma (Fleetridge, etc.) and Sunset Cliffs areas, and continued to purchase more all along the coast. Several family members are still in their original homes, others have passed their properties on to the next generation, and others are rentals.
Most of this had to do with being at the right place at the right time, and recognizing the potential of what used to simply be considered nothing more than a “Quiet Navy Town.”[/quote]
(emphasis added)
Flyer, you are very fortunate, indeed. Since the time we first got “lost” and somehow ended up on Hill St. on our way to the Over-the-Line Tournament (LOL) in the summer of ’78, I fell in love with Fleetridge and upper OB. We had an opportunity to buy a “probate-fixer” (heirs in MO) on my most coveted st. in 1994 for only $273K, but my spouse at the time had several rec. vehs. that had to be stored and the alley RV pkg. there was NOT paved, was NOT lg. enough for all and was 20+ feet below the BY, so he vetoed it. (He could have stored one or all of them at MCRD [1.5 mi. away] for $17 for ea. space per mo. for the rest of his life!) Alas, that was my last opportunity as choice fixers are VERY rare now and difficult to obtain, even if you have cash and send direct mail or knock on doors.
Yes, the properties in this area with a BY sit-down view of the SD skyline are a very finite commodity (esp. w/o SDGE/phone easement) and there hasn’t been any vacant lots in the entire zip for nearly 50 years (exc. for tear-downs).
Who was to know back then that two run-down quonset huts and 3-4 “tallish” bldgs would turn into what it is today??
You just explained I was trying to on this thread to poster(s) who seemed fixated on tract housing. Owners with lots of equity in valuable properties in SD are the truly wealthy. In my mind, wealth has almost NOTHING to do with income and everything to do with assets.
[quote=flyer]Since growing up here, my family (wife and kids) have lived many other places in the world, but we always seem to come back to San Diego. . .[/quote]
Yes, I too, have traveled nearly every road in CA and roads in 20 other states and have visited Asia, HI and MX. I do love mtns. also but there is no place that compares with SD and esp. Pt. Loma!
