[quote=sdrealtor][quote=bearishgurl]sdr, can you name off some tracts in SD County which were built in the last decade in “top-performing school attendance areas” which have NOT lost value?…[/quote]. . . As long as they were built in 2003 or before they are all doing great as far as I can see. . . [/quote]
2003 was PRIOR to the “loose-lending” era (“FB era” for short). Thank you for bolstering my argument. One could posture from this opinion that ALL properties first sold PRIOR to the “FB era” and were not intentionally overmortgaged by their longtime owners should sell for enough to recover the money their owners put in them, given their improvements were “appropriate” for their areas. In other words, they should at least be worth their 2003 price today (+ some or all of the cost of any improvements made SINCE 2003) today. Why should they be worth less?
Not talking about replacements here, unless those replacements were double or more the value of the old item and the investment was appropriate for the area (for instance, replacing WWII-era wood sash windows with Anderson wood windows). And I’m not talking about recouping the ENTIRE cost of a project. But why should a buyer today expect to get 6 yo Anderson wood windows for “free” (at a cost of $14K to the seller) if the seller is not in distress and never was??
