Home › Forums › Closed Forums › Properties or Areas › 4221 Mount Casas 92117, Clairemont
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sdduuuude.
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May 27, 2008 at 8:55 AM #212086May 27, 2008 at 9:00 AM #211938
sdduuuude
ParticipantRustico,
I think it’s a better flip than a rent and hold. I’d rather get out of it quickly – before Summer ends – as I suspect there is still room to fall in this area, especially on the canyon lots.
I look at the canyon lots in Clairmont as almost a different market from the non-canyon lots.
The standard clairemont Mt. Street home (3/2, 1250 sq. ft on a 5-6,000 sq. ft lot) has come down quite a bit – maybe 15% from $525K or so. But the canyon lots are behaving more like Carmel Valley than Temecula and have been retaining their value a bit better and there aren’t many up for sale either.
May 27, 2008 at 9:00 AM #212011ParticipantRustico,
I think it’s a better flip than a rent and hold. I’d rather get out of it quickly – before Summer ends – as I suspect there is still room to fall in this area, especially on the canyon lots.
I look at the canyon lots in Clairmont as almost a different market from the non-canyon lots.
The standard clairemont Mt. Street home (3/2, 1250 sq. ft on a 5-6,000 sq. ft lot) has come down quite a bit – maybe 15% from $525K or so. But the canyon lots are behaving more like Carmel Valley than Temecula and have been retaining their value a bit better and there aren’t many up for sale either.
May 27, 2008 at 9:00 AM #212038ParticipantRustico,
I think it’s a better flip than a rent and hold. I’d rather get out of it quickly – before Summer ends – as I suspect there is still room to fall in this area, especially on the canyon lots.
I look at the canyon lots in Clairmont as almost a different market from the non-canyon lots.
The standard clairemont Mt. Street home (3/2, 1250 sq. ft on a 5-6,000 sq. ft lot) has come down quite a bit – maybe 15% from $525K or so. But the canyon lots are behaving more like Carmel Valley than Temecula and have been retaining their value a bit better and there aren’t many up for sale either.
May 27, 2008 at 9:00 AM #212061ParticipantRustico,
I think it’s a better flip than a rent and hold. I’d rather get out of it quickly – before Summer ends – as I suspect there is still room to fall in this area, especially on the canyon lots.
I look at the canyon lots in Clairmont as almost a different market from the non-canyon lots.
The standard clairemont Mt. Street home (3/2, 1250 sq. ft on a 5-6,000 sq. ft lot) has come down quite a bit – maybe 15% from $525K or so. But the canyon lots are behaving more like Carmel Valley than Temecula and have been retaining their value a bit better and there aren’t many up for sale either.
May 27, 2008 at 9:00 AM #212092ParticipantRustico,
I think it’s a better flip than a rent and hold. I’d rather get out of it quickly – before Summer ends – as I suspect there is still room to fall in this area, especially on the canyon lots.
I look at the canyon lots in Clairmont as almost a different market from the non-canyon lots.
The standard clairemont Mt. Street home (3/2, 1250 sq. ft on a 5-6,000 sq. ft lot) has come down quite a bit – maybe 15% from $525K or so. But the canyon lots are behaving more like Carmel Valley than Temecula and have been retaining their value a bit better and there aren’t many up for sale either.
May 27, 2008 at 10:08 AM #211973sdnativeson
Participantsdduuuuude, You’re right it is a dream of mine. I think I am in touch with the current market though. I am perfectly cognizant of what is taking place, agreed, my perception will differ from others.
Having said that, sorry, but I won’t accept (me, myself won’t, can’t ) Clairemont Mount streets as upper middle class, lower wealthy class(don’t really know how to put it) in value.
A lot is bandied about here about market “fundamentals” fact is, a significant portion of San Diegans one – don’t make close to 100k yearly income, two – don’t have large cash reserves sitting around.
Seriously, I am sure I’ll be reading that Paradise Valley is really paradise, Spring Valley is aptly named as it is perpetually springtime and garden like, and Lakeside will be Rancho Mirage West.
May 27, 2008 at 10:08 AM #212046Participantsdduuuuude, You’re right it is a dream of mine. I think I am in touch with the current market though. I am perfectly cognizant of what is taking place, agreed, my perception will differ from others.
Having said that, sorry, but I won’t accept (me, myself won’t, can’t ) Clairemont Mount streets as upper middle class, lower wealthy class(don’t really know how to put it) in value.
A lot is bandied about here about market “fundamentals” fact is, a significant portion of San Diegans one – don’t make close to 100k yearly income, two – don’t have large cash reserves sitting around.
Seriously, I am sure I’ll be reading that Paradise Valley is really paradise, Spring Valley is aptly named as it is perpetually springtime and garden like, and Lakeside will be Rancho Mirage West.
May 27, 2008 at 10:08 AM #212073Participantsdduuuuude, You’re right it is a dream of mine. I think I am in touch with the current market though. I am perfectly cognizant of what is taking place, agreed, my perception will differ from others.
Having said that, sorry, but I won’t accept (me, myself won’t, can’t ) Clairemont Mount streets as upper middle class, lower wealthy class(don’t really know how to put it) in value.
A lot is bandied about here about market “fundamentals” fact is, a significant portion of San Diegans one – don’t make close to 100k yearly income, two – don’t have large cash reserves sitting around.
Seriously, I am sure I’ll be reading that Paradise Valley is really paradise, Spring Valley is aptly named as it is perpetually springtime and garden like, and Lakeside will be Rancho Mirage West.
May 27, 2008 at 10:08 AM #212095Participantsdduuuuude, You’re right it is a dream of mine. I think I am in touch with the current market though. I am perfectly cognizant of what is taking place, agreed, my perception will differ from others.
Having said that, sorry, but I won’t accept (me, myself won’t, can’t ) Clairemont Mount streets as upper middle class, lower wealthy class(don’t really know how to put it) in value.
A lot is bandied about here about market “fundamentals” fact is, a significant portion of San Diegans one – don’t make close to 100k yearly income, two – don’t have large cash reserves sitting around.
Seriously, I am sure I’ll be reading that Paradise Valley is really paradise, Spring Valley is aptly named as it is perpetually springtime and garden like, and Lakeside will be Rancho Mirage West.
May 27, 2008 at 10:08 AM #212126Participantsdduuuuude, You’re right it is a dream of mine. I think I am in touch with the current market though. I am perfectly cognizant of what is taking place, agreed, my perception will differ from others.
Having said that, sorry, but I won’t accept (me, myself won’t, can’t ) Clairemont Mount streets as upper middle class, lower wealthy class(don’t really know how to put it) in value.
A lot is bandied about here about market “fundamentals” fact is, a significant portion of San Diegans one – don’t make close to 100k yearly income, two – don’t have large cash reserves sitting around.
Seriously, I am sure I’ll be reading that Paradise Valley is really paradise, Spring Valley is aptly named as it is perpetually springtime and garden like, and Lakeside will be Rancho Mirage West.
May 27, 2008 at 10:33 AM #211983NotCranky
Participantsdduuuude,
About the flip, maybe so. I thought about that. I think at first, about a year from now, I will target buy and hold and hope to be an “accidental flipper” in the cases where things go really well. I don’t mind forcing a property like this to cash flow with down payment and sweat equity.Hopefully, better deals come along though. I would like a house in Clairemont for the future. Well anyway, we have to see what this and future fixers go for.
May 27, 2008 at 10:33 AM #212056Participantsdduuuude,
About the flip, maybe so. I thought about that. I think at first, about a year from now, I will target buy and hold and hope to be an “accidental flipper” in the cases where things go really well. I don’t mind forcing a property like this to cash flow with down payment and sweat equity.Hopefully, better deals come along though. I would like a house in Clairemont for the future. Well anyway, we have to see what this and future fixers go for.
May 27, 2008 at 10:33 AM #212084Participantsdduuuude,
About the flip, maybe so. I thought about that. I think at first, about a year from now, I will target buy and hold and hope to be an “accidental flipper” in the cases where things go really well. I don’t mind forcing a property like this to cash flow with down payment and sweat equity.Hopefully, better deals come along though. I would like a house in Clairemont for the future. Well anyway, we have to see what this and future fixers go for.
May 27, 2008 at 10:33 AM #212105Participantsdduuuude,
About the flip, maybe so. I thought about that. I think at first, about a year from now, I will target buy and hold and hope to be an “accidental flipper” in the cases where things go really well. I don’t mind forcing a property like this to cash flow with down payment and sweat equity.Hopefully, better deals come along though. I would like a house in Clairemont for the future. Well anyway, we have to see what this and future fixers go for.
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