Atlas Hillcrest Phase 2

[mwtosd]

I called the sales center just out of curiosity to know what the prices were during the “Short Sale” they were having on 6 units. The maximum discount for short sale prices …… get this…..

$15,000 off! I could not believe how lame the sale was. Just advertising to try to spark interest. Was no where near what short sales prices should be!

[barnaby33]

My comment about rentals had nothing to do at all with Dr Hortons plans. I made the comment based on what they built, how they built it and the types of floor plans offered for the stratospheric prices advertised.
Josh

[barnaby33]

My comment about rentals had nothing to do at all with Dr Hortons plans. I made the comment based on what they built, how they built it and the types of floor plans offered for the stratospheric prices advertised.
Josh

[barnaby33]

My comment about rentals had nothing to do at all with Dr Hortons plans. I made the comment based on what they built, how they built it and the types of floor plans offered for the stratospheric prices advertised.
Josh

[barnaby33]

My comment about rentals had nothing to do at all with Dr Hortons plans. I made the comment based on what they built, how they built it and the types of floor plans offered for the stratospheric prices advertised.
Josh

[barnaby33]

My comment about rentals had nothing to do at all with Dr Hortons plans. I made the comment based on what they built, how they built it and the types of floor plans offered for the stratospheric prices advertised.
Josh

[Arraya]

They are renting some of them. It appears even their rentals are over priced by 10%+ as well.

http://sandiego.craigslist.org/csd/apa/1078381767.html

I live a few blocks from Atlas and the area is riddled with multi-unit blgs changing to rentals. I can think of 3 or 4 off of the top of my head. Were talking 50+ units within a 5 block radius. I honestly can’t fathom them selling many at those prices. The last unit closed per sdlookup was back in early jan. from what I can see. Over at La Boheme in NP I seem to remember them holding out until the last minute, then holding an unsuccessful auction, then flooding the market with well under market value pricing. Maybe Atlas will have a similar sales pattern.

[Arraya]

They are renting some of them. It appears even their rentals are over priced by 10%+ as well.

http://sandiego.craigslist.org/csd/apa/1078381767.html

I live a few blocks from Atlas and the area is riddled with multi-unit blgs changing to rentals. I can think of 3 or 4 off of the top of my head. Were talking 50+ units within a 5 block radius. I honestly can’t fathom them selling many at those prices. The last unit closed per sdlookup was back in early jan. from what I can see. Over at La Boheme in NP I seem to remember them holding out until the last minute, then holding an unsuccessful auction, then flooding the market with well under market value pricing. Maybe Atlas will have a similar sales pattern.

[Arraya]

They are renting some of them. It appears even their rentals are over priced by 10%+ as well.

http://sandiego.craigslist.org/csd/apa/1078381767.html

I live a few blocks from Atlas and the area is riddled with multi-unit blgs changing to rentals. I can think of 3 or 4 off of the top of my head. Were talking 50+ units within a 5 block radius. I honestly can’t fathom them selling many at those prices. The last unit closed per sdlookup was back in early jan. from what I can see. Over at La Boheme in NP I seem to remember them holding out until the last minute, then holding an unsuccessful auction, then flooding the market with well under market value pricing. Maybe Atlas will have a similar sales pattern.

[Arraya]

They are renting some of them. It appears even their rentals are over priced by 10%+ as well.

http://sandiego.craigslist.org/csd/apa/1078381767.html

I live a few blocks from Atlas and the area is riddled with multi-unit blgs changing to rentals. I can think of 3 or 4 off of the top of my head. Were talking 50+ units within a 5 block radius. I honestly can’t fathom them selling many at those prices. The last unit closed per sdlookup was back in early jan. from what I can see. Over at La Boheme in NP I seem to remember them holding out until the last minute, then holding an unsuccessful auction, then flooding the market with well under market value pricing. Maybe Atlas will have a similar sales pattern.

[Arraya]

They are renting some of them. It appears even their rentals are over priced by 10%+ as well.

http://sandiego.craigslist.org/csd/apa/1078381767.html

I live a few blocks from Atlas and the area is riddled with multi-unit blgs changing to rentals. I can think of 3 or 4 off of the top of my head. Were talking 50+ units within a 5 block radius. I honestly can’t fathom them selling many at those prices. The last unit closed per sdlookup was back in early jan. from what I can see. Over at La Boheme in NP I seem to remember them holding out until the last minute, then holding an unsuccessful auction, then flooding the market with well under market value pricing. Maybe Atlas will have a similar sales pattern.

[urbanrealtor]

Re rentals in the west Hillcrest area:
The rents support the purchase prices in most of the units in that area. I lived there for a long time and really wish I had money to buy something sensible there now.

Re Atlas:
The thing about the DR Horton projects is that they don’t lose value much because they lend their own money.
The primary factor in erosion of value–shorts and reos on comps–does not exist because they have the prerogative to renegotiate any deals. That is why their other project (La Boheme in North Park) has had almost no repos or distress sales (look it up: 3957 30th and 3950 Ohio). Almost every resale there has been on one of the cost-controlled “affordable housing” units (in quotes because it is ironically named).

Re Macro:
Dude, the “don’t even think” part really seems to be the primary thrust of your posts. They are poorly researched and often facile. Since everyone is paying more than $350/sf in that complex and about $385/sf in that zip code, the whole $100/sf is just silly. “everyone else bring data”

[urbanrealtor]

Re rentals in the west Hillcrest area:
The rents support the purchase prices in most of the units in that area. I lived there for a long time and really wish I had money to buy something sensible there now.

Re Atlas:
The thing about the DR Horton projects is that they don’t lose value much because they lend their own money.
The primary factor in erosion of value–shorts and reos on comps–does not exist because they have the prerogative to renegotiate any deals. That is why their other project (La Boheme in North Park) has had almost no repos or distress sales (look it up: 3957 30th and 3950 Ohio). Almost every resale there has been on one of the cost-controlled “affordable housing” units (in quotes because it is ironically named).

Re Macro:
Dude, the “don’t even think” part really seems to be the primary thrust of your posts. They are poorly researched and often facile. Since everyone is paying more than $350/sf in that complex and about $385/sf in that zip code, the whole $100/sf is just silly. “everyone else bring data”

[urbanrealtor]

Re rentals in the west Hillcrest area:
The rents support the purchase prices in most of the units in that area. I lived there for a long time and really wish I had money to buy something sensible there now.

Re Atlas:
The thing about the DR Horton projects is that they don’t lose value much because they lend their own money.
The primary factor in erosion of value–shorts and reos on comps–does not exist because they have the prerogative to renegotiate any deals. That is why their other project (La Boheme in North Park) has had almost no repos or distress sales (look it up: 3957 30th and 3950 Ohio). Almost every resale there has been on one of the cost-controlled “affordable housing” units (in quotes because it is ironically named).

Re Macro:
Dude, the “don’t even think” part really seems to be the primary thrust of your posts. They are poorly researched and often facile. Since everyone is paying more than $350/sf in that complex and about $385/sf in that zip code, the whole $100/sf is just silly. “everyone else bring data”

[urbanrealtor]

Re rentals in the west Hillcrest area:
The rents support the purchase prices in most of the units in that area. I lived there for a long time and really wish I had money to buy something sensible there now.

Re Atlas:
The thing about the DR Horton projects is that they don’t lose value much because they lend their own money.
The primary factor in erosion of value–shorts and reos on comps–does not exist because they have the prerogative to renegotiate any deals. That is why their other project (La Boheme in North Park) has had almost no repos or distress sales (look it up: 3957 30th and 3950 Ohio). Almost every resale there has been on one of the cost-controlled “affordable housing” units (in quotes because it is ironically named).

Re Macro:
Dude, the “don’t even think” part really seems to be the primary thrust of your posts. They are poorly researched and often facile. Since everyone is paying more than $350/sf in that complex and about $385/sf in that zip code, the whole $100/sf is just silly. “everyone else bring data”

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