- This topic has 61 replies, 11 voices, and was last updated 10 years, 10 months ago by
Coronita.
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October 28, 2013 at 3:54 AM #20823October 28, 2013 at 7:07 AM #767329
an
ParticipantCan CarmelV pass some of that good crack to Mira Mesa? We can use some of that good stuff.
October 28, 2013 at 8:01 AM #767330spdrun
ParticipantInventory has gone up, rates are still higher than this Spring, it’s no longer Spring. Good luck to them.
Speaking to the condo market in non-CV areas where I’m looking, I’m seeing even well-priced stuff sit for 7-14 days, whereas in the Spring you’d have five offers within two days.
October 28, 2013 at 9:19 AM #767331no_such_reality
Participant[quote=flu]
The deal of the lifetime, me thinks, have loan passed. My half empty glass continues…[/quote]This is California, pass that glass to a homeless guy, he’ll fill it up for you.
October 28, 2013 at 9:45 AM #767332CDMA ENG
ParticipantWelcome to my hell.
This isn’t just CV. Its the whole market and in fact I would venture that 50% of all offerings right now are “zero sum gain” sales.
PPL see the oppurtunity to escape.
Ill go one further.
We just escaped a house in Sacramento for the same reason.
Most of the house I see for sale are house that are being sold at 2004 to 2006 prices. Lot of houses near powerlines and next to major streets.
Redfin is your friend and oracle.
CE
October 28, 2013 at 10:07 AM #767333CoronitaParticipant[quote=AN]Can CarmelV pass some of that good crack to Mira Mesa? We can use some of that good stuff.[/quote]
Mira Mesa has plenty of upscale crack addicts too.
It might not be the best crack that goes around, but it’s pretty darn close to it.
Lol $331/sq ft in mira mesa…..
http://www.redfin.com/CA/San-Diego/10636-Dabney-Dr-92126/unit-153/home/4590737
I don’t know why people are arguing between Sorrento Valley and Mira Mesa.. It’s all looking about the same to me in terms of crack-a-holic pricing….
October 28, 2013 at 10:09 AM #767335ParticipantHome prices are only crazy in certain areas. I still periodically see condo listings in the $200-250 psf range in decent parts of SD. If you’re starting out your career, why not buy a 1/1 or a 2/1 depending on your salary and keep it as a rental when you start a family?
Bay Area == too many people chasing too little money. Like the stereotype of Hollywood. A lot of actors and musicians had to go back to NY to make it because the signal-to-noise ratio in LA was too low.
October 28, 2013 at 10:10 AM #767334CoronitaParticipantI can’t wait so see how much housing will be in One Paseo , when it opens.. If it’s even possible to purchase housing in there.
October 28, 2013 at 10:11 AM #767336CoronitaParticipant[quote=spdrun]Home prices are only crazy in certain areas. I still periodically see condo listings in the $200-250 psf range in decent parts of SD. If you’re starting out your career, why not buy a 1/1 or a 2/1 depending on your salary and keep it as a rental when you start a family?
Bay Area == too many people chasing too little money. Like the stereotype of Hollywood. A lot of actors and musicians had to go back to NY to make it because the signal-to-noise ratio in LA was too low.[/quote]
Worked alright for me when I was younger.
October 29, 2013 at 1:02 PM #767346CoronitaParticipantThe crack is getting more and more purified….
http://www.redfin.com/CA/San-Diego/10808-Vereda-Sol-Del-Dios-92130/home/6314385
$466/sqft
HAHAHAHAHAHA.
Lol… We’re above peak at this point.
Ok, seriously… Who were the ones that were saying we’d see 40-50% off from peak in CarmelV?
October 29, 2013 at 1:34 PM #767347ParticipantHope. Springs. Eternal.
Just like the old guy down the street who was trying to pimp an old, beat down, Mercedes 450SL for $10 grand — the for sale sign was on for about a year before he either lowered the price or found a sucker.
October 29, 2013 at 1:35 PM #767348CoronitaParticipant[quote=spdrun]Hope. Springs. Eternal.
Just like the old guy down the street who was trying to pimp an old, beat down, Mercedes 450SL for $10 grand — the for sale sign was on for about a year before he either lowered the price or found a sucker.[/quote]
Prices might not be that insane (yet). But closing indicate we are at peak here.
Mixed feelings here. As a existing owner, I’m happy. But as someone that wishes to move up eventually, I’m sad.
October 29, 2013 at 2:02 PM #767349ParticipantHere’s hoping for Q4 earnings to disappoint in mid-January and the bickering over the budget to flare up again. Those two things might be the catalysts needed to get the Big Tumble(tm) started.
This being said, momentum in the market has slowed down a LOT since this summer/spring. I’m not even sure if closing prices are a good indicator, since deals take a while to close.
If you look at asking prices, they’re steady or falling a bit at this point. Maybe not in CV, but in SD Co as a whole.
PS – why the f would you be happy as an existing owner, unless you’re planning to ATM the place and invest in rentals elsewhere? An $100,000 rise in house value and a grapefruit still gets you your house and a grapefruit.
October 29, 2013 at 2:16 PM #767350CoronitaParticipant[quote=spdrun]Here’s hoping for Q4 earnings to disappoint in mid-January and the bickering over the budget to flare up again. Those two things might be the catalysts needed to get the Big Tumble(tm) started.
This being said, momentum in the market has slowed down a LOT since this summer/spring. I’m not even sure if closing prices are a good indicator, since deals take a while to close.
If you look at asking prices, they’re steady or falling a bit at this point. Maybe not in CV, but in SD Co as a whole.
PS – why the f would you be happy as an existing owner, unless you’re planning to ATM the place and invest in rentals elsewhere? An $100,000 rise in house value and a grapefruit still gets you your house and a grapefruit.[/quote]
I think you’ve been beating the market crash drum for about 6 months and counting so far. Pretty big opportunity cost imho,.
October 29, 2013 at 2:24 PM #767351The-Shoveler
ParticipantI have become convinced of two things,
1) The market will not crash because I have not given up and moved my 401K into stocks.
It is waiting for me and only me to give up and buy.2) The PTB will not allow another crash to occur in the housing market or stock market until they feel the local municipalities Tax base and retirement pension funds that are reliant on stocks and housing can take the hit which is a long way off IMO.
Of course all of this is just my opinion
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