[quote=jpinpb]I personally think 2003 pricing is still high, which is why I started out my post about this property saying it’s still a lot. But it is Point Loma (which is much more desireable than Mira Mesa). And the interest rates are much lower than 2003. And it is highly upgraded. So when you factor in everything, then the price is not too bad. Great deal, no, IMO. But decent price overall.[/quote]
I totally agree 100%. It’s a decent price, just not as good of a deal as the ones you started the thread with. I think those are much better buy, especially the one with the view.
Here’s a property in an area where I personally think is more desirable than Point Loma: http://www.sdlookup.com/MLS-110000157-14710_Caminito_Porta_Delgada_Del_Mar_CA_92014
I think this is a MUCH better deal, at $75k below its 2000 price. I think that not only is the area more desirable, the house with that view is much more desirable as well.
BTW, I never claim MM is as desireable as PL. If it is, I probably wouldn’t have bought here, since it would be too expensive for my taste. PL has always been more desirable than MM though, so the desirable premium has always been there.
