Christmas Lane neighborhood (PQ)

[weberlin]

[quote=MANmom]$290 psf. is a bit high, and the main street for x-mas card lane is Oviedo, but that is probably the second most traveled street there during Christmas. Very quiet area, though and centrally located, pretty much walking distance to all schools.[/quote]

+1

I’m in the same boat as MANom. $290 psf is a bit high. If you have young children who are going to BMMS and MCHS, it will be convenient for them to walk home from great schools. This benefit can only be realized if you plan on living in the home for many(5+) years.

It’s not a good time to by property in San Diego right now. In general, there are too few properties on the market with too many people looking to buy – as evidenced by house prices rising this summer. The 8k tax credit is motivating many people, but shouldn’t be the deciding factor for a house that’s listing for ~540K. A few great deals pop up here and there, this listing is not one of them.

IMHO, it’s best to wait until the effects of government intervention on the housing market subside. This advice is contingent upon rates staying low for at least the next year.

[Scarlett]

[quote=weberlin] If you have young children who are going to BMMS and MCHS, it will be convenient for them to walk home from great schools. This benefit can only be realized if you plan on living in the home for many(5+) years.
(…)
IMHO, it’s best to wait until the effects of government intervention on the housing market subside. This advice is contingent upon rates staying low for at least the next year.[/quote]

I guess I’ve subcumbed mommentarily to the ‘buy now or be priced out’…I wasn’t planning to buy for another year but then I walked in the open house and liked this house’s location and overall and then I started longing for a home…

I can afford to wait and rent until end of summer 2010 when my daughter starts kindergarden. I supposed if pushed comes to shove I can wait until summer 2011. I’d like to get her started in school in PUSD and not have to move her again.

Any updated predictions for when the bottom of PQ would be reached? I saw early this year I think a thread with those forecasts, and somebody put it in late 2010, and SD R, I believe, put it in 2011. But of course, that was before most of the government intervention….

Thanks!!!

P.S. Yes, I plan to live in the house at least 13 years (school!!!) unless of course job situation changes dramatically.

[Scarlett]

[quote=weberlin] If you have young children who are going to BMMS and MCHS, it will be convenient for them to walk home from great schools. This benefit can only be realized if you plan on living in the home for many(5+) years.
(…)
IMHO, it’s best to wait until the effects of government intervention on the housing market subside. This advice is contingent upon rates staying low for at least the next year.[/quote]

I guess I’ve subcumbed mommentarily to the ‘buy now or be priced out’…I wasn’t planning to buy for another year but then I walked in the open house and liked this house’s location and overall and then I started longing for a home…

I can afford to wait and rent until end of summer 2010 when my daughter starts kindergarden. I supposed if pushed comes to shove I can wait until summer 2011. I’d like to get her started in school in PUSD and not have to move her again.

Any updated predictions for when the bottom of PQ would be reached? I saw early this year I think a thread with those forecasts, and somebody put it in late 2010, and SD R, I believe, put it in 2011. But of course, that was before most of the government intervention….

Thanks!!!

P.S. Yes, I plan to live in the house at least 13 years (school!!!) unless of course job situation changes dramatically.

[Scarlett]

[quote=weberlin] If you have young children who are going to BMMS and MCHS, it will be convenient for them to walk home from great schools. This benefit can only be realized if you plan on living in the home for many(5+) years.
(…)
IMHO, it’s best to wait until the effects of government intervention on the housing market subside. This advice is contingent upon rates staying low for at least the next year.[/quote]

I guess I’ve subcumbed mommentarily to the ‘buy now or be priced out’…I wasn’t planning to buy for another year but then I walked in the open house and liked this house’s location and overall and then I started longing for a home…

I can afford to wait and rent until end of summer 2010 when my daughter starts kindergarden. I supposed if pushed comes to shove I can wait until summer 2011. I’d like to get her started in school in PUSD and not have to move her again.

Any updated predictions for when the bottom of PQ would be reached? I saw early this year I think a thread with those forecasts, and somebody put it in late 2010, and SD R, I believe, put it in 2011. But of course, that was before most of the government intervention….

Thanks!!!

P.S. Yes, I plan to live in the house at least 13 years (school!!!) unless of course job situation changes dramatically.

[Scarlett]

[quote=weberlin] If you have young children who are going to BMMS and MCHS, it will be convenient for them to walk home from great schools. This benefit can only be realized if you plan on living in the home for many(5+) years.
(…)
IMHO, it’s best to wait until the effects of government intervention on the housing market subside. This advice is contingent upon rates staying low for at least the next year.[/quote]

I guess I’ve subcumbed mommentarily to the ‘buy now or be priced out’…I wasn’t planning to buy for another year but then I walked in the open house and liked this house’s location and overall and then I started longing for a home…

I can afford to wait and rent until end of summer 2010 when my daughter starts kindergarden. I supposed if pushed comes to shove I can wait until summer 2011. I’d like to get her started in school in PUSD and not have to move her again.

Any updated predictions for when the bottom of PQ would be reached? I saw early this year I think a thread with those forecasts, and somebody put it in late 2010, and SD R, I believe, put it in 2011. But of course, that was before most of the government intervention….

Thanks!!!

P.S. Yes, I plan to live in the house at least 13 years (school!!!) unless of course job situation changes dramatically.

[Scarlett]

[quote=weberlin] If you have young children who are going to BMMS and MCHS, it will be convenient for them to walk home from great schools. This benefit can only be realized if you plan on living in the home for many(5+) years.
(…)
IMHO, it’s best to wait until the effects of government intervention on the housing market subside. This advice is contingent upon rates staying low for at least the next year.[/quote]

I guess I’ve subcumbed mommentarily to the ‘buy now or be priced out’…I wasn’t planning to buy for another year but then I walked in the open house and liked this house’s location and overall and then I started longing for a home…

I can afford to wait and rent until end of summer 2010 when my daughter starts kindergarden. I supposed if pushed comes to shove I can wait until summer 2011. I’d like to get her started in school in PUSD and not have to move her again.

Any updated predictions for when the bottom of PQ would be reached? I saw early this year I think a thread with those forecasts, and somebody put it in late 2010, and SD R, I believe, put it in 2011. But of course, that was before most of the government intervention….

Thanks!!!

P.S. Yes, I plan to live in the house at least 13 years (school!!!) unless of course job situation changes dramatically.

[weberlin]

Scarlett,

BIAS ALERT: I grew up in this area of PQ.

I feel these homes are a relatively good value when compared with RB, 4S Ranch, and newer areas in Carmel Valley. Why are those neighborhoods more expensive? Are their schools that much better? Are their crime rates that much lower? So I guess that’s +1 for the neighborhood as a good relative value when compared to similarly featured nice neighborhoods in San Diego.

You asked about predictions for the bottom of the PQ market. Have you considered the shape of the curve at the bottom? Even if you find your perfect house at the ‘bottom’ of the market, how much have you saved?

My advice: be patient. It’s going to be a buyer’s market for a while. I can tell you really like the home, but I don’t think your should feel pressured to buy because of the artificially ‘hot’ market. Remember 8K is 1.6% of 500K, so I doubt the tax credit is a serious factor. Plus, people in PQ generally take good care of their homes.

[weberlin]

Scarlett,

BIAS ALERT: I grew up in this area of PQ.

I feel these homes are a relatively good value when compared with RB, 4S Ranch, and newer areas in Carmel Valley. Why are those neighborhoods more expensive? Are their schools that much better? Are their crime rates that much lower? So I guess that’s +1 for the neighborhood as a good relative value when compared to similarly featured nice neighborhoods in San Diego.

You asked about predictions for the bottom of the PQ market. Have you considered the shape of the curve at the bottom? Even if you find your perfect house at the ‘bottom’ of the market, how much have you saved?

My advice: be patient. It’s going to be a buyer’s market for a while. I can tell you really like the home, but I don’t think your should feel pressured to buy because of the artificially ‘hot’ market. Remember 8K is 1.6% of 500K, so I doubt the tax credit is a serious factor. Plus, people in PQ generally take good care of their homes.

[weberlin]

Scarlett,

BIAS ALERT: I grew up in this area of PQ.

I feel these homes are a relatively good value when compared with RB, 4S Ranch, and newer areas in Carmel Valley. Why are those neighborhoods more expensive? Are their schools that much better? Are their crime rates that much lower? So I guess that’s +1 for the neighborhood as a good relative value when compared to similarly featured nice neighborhoods in San Diego.

You asked about predictions for the bottom of the PQ market. Have you considered the shape of the curve at the bottom? Even if you find your perfect house at the ‘bottom’ of the market, how much have you saved?

My advice: be patient. It’s going to be a buyer’s market for a while. I can tell you really like the home, but I don’t think your should feel pressured to buy because of the artificially ‘hot’ market. Remember 8K is 1.6% of 500K, so I doubt the tax credit is a serious factor. Plus, people in PQ generally take good care of their homes.

[weberlin]

Scarlett,

BIAS ALERT: I grew up in this area of PQ.

I feel these homes are a relatively good value when compared with RB, 4S Ranch, and newer areas in Carmel Valley. Why are those neighborhoods more expensive? Are their schools that much better? Are their crime rates that much lower? So I guess that’s +1 for the neighborhood as a good relative value when compared to similarly featured nice neighborhoods in San Diego.

You asked about predictions for the bottom of the PQ market. Have you considered the shape of the curve at the bottom? Even if you find your perfect house at the ‘bottom’ of the market, how much have you saved?

My advice: be patient. It’s going to be a buyer’s market for a while. I can tell you really like the home, but I don’t think your should feel pressured to buy because of the artificially ‘hot’ market. Remember 8K is 1.6% of 500K, so I doubt the tax credit is a serious factor. Plus, people in PQ generally take good care of their homes.

[weberlin]

Scarlett,

BIAS ALERT: I grew up in this area of PQ.

I feel these homes are a relatively good value when compared with RB, 4S Ranch, and newer areas in Carmel Valley. Why are those neighborhoods more expensive? Are their schools that much better? Are their crime rates that much lower? So I guess that’s +1 for the neighborhood as a good relative value when compared to similarly featured nice neighborhoods in San Diego.

You asked about predictions for the bottom of the PQ market. Have you considered the shape of the curve at the bottom? Even if you find your perfect house at the ‘bottom’ of the market, how much have you saved?

My advice: be patient. It’s going to be a buyer’s market for a while. I can tell you really like the home, but I don’t think your should feel pressured to buy because of the artificially ‘hot’ market. Remember 8K is 1.6% of 500K, so I doubt the tax credit is a serious factor. Plus, people in PQ generally take good care of their homes.

[SD Realtor]

Hi Scarlett

I have been in this listing. I forgot how many offers on it because I called recently but it was pretty active. I do not have anything groundbreaking to say as the previous posters have already covered it. PQ is and always will be a destination for many people as a cheaper yet pretty much quality alternative to 4S and Carmel Valley. Indeed the bounce in PQ in my mind has been stronger then the bounce in 4S and CV for this year so far.

The bottom line is that if you are going to buy now then you WILL overpay if there is anything redeeming about the home. It is simply a matter of crappy supply and this IS A MANIPULATED MARKET. I do not believe the market will up and run away on you so if you can wait then wait. Don’t sweat the 8k tax credit as I will be willing to bet you that there will be another incentive on the heels of this one expiring.

If you think PQ is going to do an abrupt 180 and plung back down to where it was 6 months ago then wait. I do not think it will but everyone has thier own opinion. I think that down the road if there are interest rate disruptions then yes PQ can head south but that will be at the cost of a higher rate. If you have large cash reserves you are in the catbirds seat.

You need to measure out what is right for you in terms of having the home verses waiting for the bottom.

[SD Realtor]

Hi Scarlett

I have been in this listing. I forgot how many offers on it because I called recently but it was pretty active. I do not have anything groundbreaking to say as the previous posters have already covered it. PQ is and always will be a destination for many people as a cheaper yet pretty much quality alternative to 4S and Carmel Valley. Indeed the bounce in PQ in my mind has been stronger then the bounce in 4S and CV for this year so far.

The bottom line is that if you are going to buy now then you WILL overpay if there is anything redeeming about the home. It is simply a matter of crappy supply and this IS A MANIPULATED MARKET. I do not believe the market will up and run away on you so if you can wait then wait. Don’t sweat the 8k tax credit as I will be willing to bet you that there will be another incentive on the heels of this one expiring.

If you think PQ is going to do an abrupt 180 and plung back down to where it was 6 months ago then wait. I do not think it will but everyone has thier own opinion. I think that down the road if there are interest rate disruptions then yes PQ can head south but that will be at the cost of a higher rate. If you have large cash reserves you are in the catbirds seat.

You need to measure out what is right for you in terms of having the home verses waiting for the bottom.

[SD Realtor]

Hi Scarlett

I have been in this listing. I forgot how many offers on it because I called recently but it was pretty active. I do not have anything groundbreaking to say as the previous posters have already covered it. PQ is and always will be a destination for many people as a cheaper yet pretty much quality alternative to 4S and Carmel Valley. Indeed the bounce in PQ in my mind has been stronger then the bounce in 4S and CV for this year so far.

The bottom line is that if you are going to buy now then you WILL overpay if there is anything redeeming about the home. It is simply a matter of crappy supply and this IS A MANIPULATED MARKET. I do not believe the market will up and run away on you so if you can wait then wait. Don’t sweat the 8k tax credit as I will be willing to bet you that there will be another incentive on the heels of this one expiring.

If you think PQ is going to do an abrupt 180 and plung back down to where it was 6 months ago then wait. I do not think it will but everyone has thier own opinion. I think that down the road if there are interest rate disruptions then yes PQ can head south but that will be at the cost of a higher rate. If you have large cash reserves you are in the catbirds seat.

You need to measure out what is right for you in terms of having the home verses waiting for the bottom.

[SD Realtor]

Hi Scarlett

I have been in this listing. I forgot how many offers on it because I called recently but it was pretty active. I do not have anything groundbreaking to say as the previous posters have already covered it. PQ is and always will be a destination for many people as a cheaper yet pretty much quality alternative to 4S and Carmel Valley. Indeed the bounce in PQ in my mind has been stronger then the bounce in 4S and CV for this year so far.

The bottom line is that if you are going to buy now then you WILL overpay if there is anything redeeming about the home. It is simply a matter of crappy supply and this IS A MANIPULATED MARKET. I do not believe the market will up and run away on you so if you can wait then wait. Don’t sweat the 8k tax credit as I will be willing to bet you that there will be another incentive on the heels of this one expiring.

If you think PQ is going to do an abrupt 180 and plung back down to where it was 6 months ago then wait. I do not think it will but everyone has thier own opinion. I think that down the road if there are interest rate disruptions then yes PQ can head south but that will be at the cost of a higher rate. If you have large cash reserves you are in the catbirds seat.

You need to measure out what is right for you in terms of having the home verses waiting for the bottom.

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