pemeliza, yes, that place in MM is a little close to MM blvd. But you should be far enough that you shouldn’t experience much road noise from the backyard. It’s not my ideal location. That’s why they’re asking for $460k and considering the condition and location, $460k is a decent price. Consider this comp: http://www.zillow.com/homedetails/7595-Bannister-Ln-San-Diego-CA-92126/16790694_zpid/. This place backs right up to MM Blvd. and it sold for $460k in October of 2009. It wasn’t as nearly updated and the backyard is empty.
I’m not trying to say this place is ideal for Scarlett, I was just trying to counter BG’s point that Scarlett would be a perpetual fence-sitter due to her criteria. Yes, I would much rather pay $350k for a $500k house if it’s a major fixer (assuming I have the cash to cover the fixing and be able to get a loan). However, it doesn’t seem like Scarlett have the money or time or desire to do such thing. Also, this place doesn’t seem to be a major fixer, so I doubt you can get it for $350k. It’s dated but not a major fixer. It just doesn’t meet Scarlett’s wants and needs. Which is why she say it’s like trying to fit a square peg into a round hole.
I also find it interesting that BG is a big supporter of repeal prop 13 and a big proponent of buying major fix at a deep discount for the tax advantage. If she gets her way w/ the repealing of prop 13, then the big tax advantage would also disappear as soon as you finish the rehab, since every house will be reassessed every year, unless she don’t plan to do it w/ permits.
