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Aecetia.
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May 16, 2007 at 4:06 PM #53072May 16, 2007 at 4:06 PM #53079
SD Realtor
ParticipantHi Rustico –
sdr and I have a love hate relationship to say the least. He compliments me (most of the time in a backhanded way) but we have learned to coexist pretty well. sdr and I could battle each other forever with regards to each of our feelings about commissions, marketing verses pricing, and other like issues. Time to time we return to it but we end up taking over threads and it doesn’t really serve any more useful purpose other then each of us airing out our opinions.
I think the entire blog in general is populated by people who are more educated and are looking for mid to higher end housing. So alot of statements are made (by everyone, not just sdr) that appear to be blanket statements but made with the intent of the audience being upper to mid level buyers/sellers. I doubt sdr considers me a peer, he would probably sit me at the childrens table at his Thanksgiving dinner but I think he has seen that I have more to offer then he initially assumed.
I kind of chuckled when you said I would not touch you with a 10 foot pole… That could be true. My feelings and thoughts about real estate (specially commissions and servicing) are very much in line with yours. However, I think my outlook on the market in general are more in line with sdr. While it has been pointed out that I serve the entire county and this has been pointed out as a possible weakness on my part, I think it does give me a perspective that others may not have for certain submarkets. True I am only an expert in submarkets that I own or have owned property in, or that I have done alot of business in, but I can at least have thoughts about most all of them as I have experienced them personally… I guess I am blabbing now….Basically I am just an engineer doing real estate and I think I do it pretty well…but I am not as expert or glossy as the big guys and the majority of my clients are not in the 7 figure club. Some have been though but not the majority.
SD Realtor
May 16, 2007 at 4:09 PM #53074sdrealtor
Participantrustico,
keep it coming. I thrive on irreverence and dont mind the attacks or challenges. The data available on RE is horrible IMHO. Every data point has some unique aspects that I really dont trust anything as a true measure outside of my gut feeling of what a given house is worth today vs what i beleive it would have sold for 1 year ago etc. Data like this is valuable for one reason, over time it allows you to follow how the market changes in direction and at what rate. nothing more.gn
CV is not the least expensive area in NCC it is actually one of the most expensive. What is most interesting about it to me is how far the homes range across the spectrum. There are starter homes in the 600’s and it goes up to around 3M. Its a wonderful cross section covering many price ranges.I also beleive that while not everyone aspires to CV (I dont) it is a good indicator of what is happening among relatively well paid professionals seeking homes close to work. I beleive that descirbes most of the piggingtons. What is happening here is probably similar to what is happening in the nicer communites with good locations like Scripps, Tierasanta, Poway, RB/4S, UC etc.
May 16, 2007 at 4:09 PM #53081Participantrustico,
keep it coming. I thrive on irreverence and dont mind the attacks or challenges. The data available on RE is horrible IMHO. Every data point has some unique aspects that I really dont trust anything as a true measure outside of my gut feeling of what a given house is worth today vs what i beleive it would have sold for 1 year ago etc. Data like this is valuable for one reason, over time it allows you to follow how the market changes in direction and at what rate. nothing more.gn
CV is not the least expensive area in NCC it is actually one of the most expensive. What is most interesting about it to me is how far the homes range across the spectrum. There are starter homes in the 600’s and it goes up to around 3M. Its a wonderful cross section covering many price ranges.I also beleive that while not everyone aspires to CV (I dont) it is a good indicator of what is happening among relatively well paid professionals seeking homes close to work. I beleive that descirbes most of the piggingtons. What is happening here is probably similar to what is happening in the nicer communites with good locations like Scripps, Tierasanta, Poway, RB/4S, UC etc.
May 16, 2007 at 4:17 PM #53076ParticipantSD R,
I absolutely consider you a peer and greatly respect your opinions on the market. You categorized our differences pretty well. I beleive there is definte value to what you do and for the clients that chose your services. I have friends that have put great transaction together for themselves and friends with neighbors that are selling w/o using RE agents and tell them its great if it works for everyone. However, at times I wonder whether you discount the value of a skilled/experienced full service agent. Enough of that thought we could go on forever on that.As for the Thanksgiving table, if I sent you to the kids table I’d be there with you. Though my personal preference is eating off a tray in front of my TV watching the NFL.
May 16, 2007 at 4:17 PM #53082ParticipantSD R,
I absolutely consider you a peer and greatly respect your opinions on the market. You categorized our differences pretty well. I beleive there is definte value to what you do and for the clients that chose your services. I have friends that have put great transaction together for themselves and friends with neighbors that are selling w/o using RE agents and tell them its great if it works for everyone. However, at times I wonder whether you discount the value of a skilled/experienced full service agent. Enough of that thought we could go on forever on that.As for the Thanksgiving table, if I sent you to the kids table I’d be there with you. Though my personal preference is eating off a tray in front of my TV watching the NFL.
May 16, 2007 at 4:21 PM #53078Participantsdcellar
Thank you. That was my intent to focus on the down rather than the up which just isnt a realistic expectation for 5 to 10 yrs IMHOsdr
May 16, 2007 at 4:21 PM #53084Participantsdcellar
Thank you. That was my intent to focus on the down rather than the up which just isnt a realistic expectation for 5 to 10 yrs IMHOsdr
May 16, 2007 at 4:35 PM #53083New_Renter
Participantgn,
First off, CV is clearly not the least expensive area in NCC. Developments such as Meadows Del Mar, Rancho Pacifica, The Preserve, and the Ridge Del Mar have assured that. All you had to do was look at:
http://realestate.signonsandiego.com/area_homesales/0407ncc.html
and you can see that in April it has the 2nd highest median of all the NCC areas, next to Del Mar.
While IMO CV is kind of plastic, there are a number of good reasons to live there if you have a family and it is within your budget (both true in my case): 1. Great schools, 2. convenience (if you work there like I do), 3. Ton’s of other kids for your kids to play with. Clearly there are some negatives with CV, afterall, sdrealtor must have his reasons to “hate it”.To Rustico,
All the starstruck CV hopefuls? Get a grip man.To Rustico & gn,
You can debate all you want about whether it is relevant or not. Clearly sdrealtor is open to suggestions, but in the end if you personally don’t think the data will be useful, you can choose not to read/post in this thread, or start you own forum that you think is more relevant. There’s nobody stopping you. I think it is interesting that CV is still realtively strong compared to many other areas in SD and agree with the assumption (excuse me, hypothesis) that when CV begins to break down this could be an indicator that the housing slump in San Diego is in full swing.Like sdcellar, I hope sdrealtor can ignore the negativity and continue to post these stats, with perhaps some improvements for clarity and completeness.
New_Renter
May 16, 2007 at 4:35 PM #53088Participantgn,
First off, CV is clearly not the least expensive area in NCC. Developments such as Meadows Del Mar, Rancho Pacifica, The Preserve, and the Ridge Del Mar have assured that. All you had to do was look at:
http://realestate.signonsandiego.com/area_homesales/0407ncc.html
and you can see that in April it has the 2nd highest median of all the NCC areas, next to Del Mar.
While IMO CV is kind of plastic, there are a number of good reasons to live there if you have a family and it is within your budget (both true in my case): 1. Great schools, 2. convenience (if you work there like I do), 3. Ton’s of other kids for your kids to play with. Clearly there are some negatives with CV, afterall, sdrealtor must have his reasons to “hate it”.To Rustico,
All the starstruck CV hopefuls? Get a grip man.To Rustico & gn,
You can debate all you want about whether it is relevant or not. Clearly sdrealtor is open to suggestions, but in the end if you personally don’t think the data will be useful, you can choose not to read/post in this thread, or start you own forum that you think is more relevant. There’s nobody stopping you. I think it is interesting that CV is still realtively strong compared to many other areas in SD and agree with the assumption (excuse me, hypothesis) that when CV begins to break down this could be an indicator that the housing slump in San Diego is in full swing.Like sdcellar, I hope sdrealtor can ignore the negativity and continue to post these stats, with perhaps some improvements for clarity and completeness.
New_Renter
May 16, 2007 at 4:56 PM #53087gn
ParticipantYou are right. I am also guilty of not being clear.
When I said “North County Coastal” I meant (incorrectly) the more upscale areas like La Jolla, Del Mar, Solana Beach, RSF …
May 16, 2007 at 4:56 PM #53093ParticipantYou are right. I am also guilty of not being clear.
When I said “North County Coastal” I meant (incorrectly) the more upscale areas like La Jolla, Del Mar, Solana Beach, RSF …
May 16, 2007 at 5:18 PM #53090NotCranky
ParticipantPlease do an improved CV monitor or drop it,Un-dedicate to me as I still fail to be gratified by it, work on the delvery of it and repost it. If you are open to that I will try to come up with suggestions.As I said there are more qualified people than me here for that. I am sure you are already able to gleen some ideas from the posts here. You never supported the bellweather argument.IMO. It just doesn’t hold up unless you define it more carefully.I don’t see the use in it unless you want to buy there, as a few of your followers do.I really don’t need a specific neigborhood “canary” My interests are broader than that.I also care about the investment opportunity angle at this time since I own my home free and clear and I like where I live. I don’t like dreamers for clients.I like to help ordinary people win at real estate in average ways.I don’t think that is going to happen in CV or other places for a while and that is why I got mad when you extrapolated those four days so badly. As you know I feel terrible about our industry. We can not deny that many people have been used in this binge.Used by our colleagues. I apologize for attributing bad motives to you.On the other hand I am excited about new opportunities and the early 90’s was fun for me,I get excited about foreclosures.I do think that ultimately there is some justice in prices coming down. I still feel that it is all “local” with a universal trend toward a bust.I take one area at a time and take it seperately. I do compare neighborhoods because the anlysis is so necessary for giving to and getting feed back from our clients and working with their parameters.
May 16, 2007 at 5:18 PM #53096ParticipantPlease do an improved CV monitor or drop it,Un-dedicate to me as I still fail to be gratified by it, work on the delvery of it and repost it. If you are open to that I will try to come up with suggestions.As I said there are more qualified people than me here for that. I am sure you are already able to gleen some ideas from the posts here. You never supported the bellweather argument.IMO. It just doesn’t hold up unless you define it more carefully.I don’t see the use in it unless you want to buy there, as a few of your followers do.I really don’t need a specific neigborhood “canary” My interests are broader than that.I also care about the investment opportunity angle at this time since I own my home free and clear and I like where I live. I don’t like dreamers for clients.I like to help ordinary people win at real estate in average ways.I don’t think that is going to happen in CV or other places for a while and that is why I got mad when you extrapolated those four days so badly. As you know I feel terrible about our industry. We can not deny that many people have been used in this binge.Used by our colleagues. I apologize for attributing bad motives to you.On the other hand I am excited about new opportunities and the early 90’s was fun for me,I get excited about foreclosures.I do think that ultimately there is some justice in prices coming down. I still feel that it is all “local” with a universal trend toward a bust.I take one area at a time and take it seperately. I do compare neighborhoods because the anlysis is so necessary for giving to and getting feed back from our clients and working with their parameters.
May 16, 2007 at 5:23 PM #53094ParticipantNew renter as you can see we have been trying to work this out. We all make mistakes.
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