[quote=SD Realtor] I think the compression (squish down) mentioned in MH and PL will indeed happen over time. I am toying with the notion that these areas may depreciate a bit quicker over time then other areas that are NOT LIKE them but offer better schools. I think that the demand for the young family looking for good schools far outweighs the professionals looking for an older nice home with a nice place to garden. No disrespect JP or any others. Thus I think that supply in places like MH or PL will linger longer.
I think that the supply of young people writing code for a Sorrento Valley company, while not inexhaustible, is much stronger and will continue to support the desired school districts.[/quote]
I tend to agree w/you more than BG on this, but maybe it’s b/c of the people w/which I am acquainted. Seems they are of the age that have children and want to live in a new home they don’t have to bother fixing so they can have time w/the kids and send them to good schools and socialize in neighborhoods w/other like families in predominantly safe areas. That means, Carmel Valley, RP, Poway, 4S and MR and HOA is not a deterrent to them (a BIG deterrent to me). The thing is, these were also the ZIPs that saw a good amount of speculation and living beyond means. I generalize, I know, but there was quite of bit of speculation in those areas, IMO.
MH and PL have appeal to certain people, but I would not say the majority of the population. And I don’t mean by that to make it a negative.
I will say that w/regard to schools, if one has a nice amount of money, they are also not limited to having to be in PUSD. They can live in PL and send the kid to private school. But I think that is the exception.
I think I share pemeliza’s view of Poway. But judging from all the homes sold in that area, that aren’t cheap either, I’d say we are in the rare category. Maybe it just seems this way to SDR and I b/c of the concentration of people that live there already, and the many who want to.
I have occasion to be in CV and 4S and also in MH and PL. I can understand why a young family would prefer to be in CV and 4S as opposed to MH and PL. And KIM that I have no kids. Back in the day when I was hoping to have kids, I was living in CV b/c I heard about the good schools.
Now today, different story. Learned a little more. If a miracle happened and I had a kid today, there is no way in hell, even if I won the lottery and had money to throw away on MR and HOA, no way would I live in CV or 4S. I would take PL or MH and send to private school.
But that’s a fantasy world and I know I am not the common young family starting out. So again, I agree w/SDR on this. I think there’s more demand for CV and RP than MH and PL, regardless of supply. If there was demand, there would be competition in pricing. Some parts of CV are just as expensive as MH and PL. Just like some areas of CV can be had for lesser areas of PL.
Just something to be said when you go to a community park in CV and there’s a bunch of moms w/their kids. Heck, even just going to the grocery store. Just different scene up there. IMO, way more family-oriented.
