CV houses with ~3700 sf sold below 1.05M

[Diego Mamani]

35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.

Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.

[newcomer]

how about this one?
http://www.sdlookup.com/MLS-090024693-13463_Lighthouse_Way_San_Diego_CA_92130

$1,065,000
4,154 sf
PPSF: $256

[newcomer]

how about this one?
http://www.sdlookup.com/MLS-090024693-13463_Lighthouse_Way_San_Diego_CA_92130

$1,065,000
4,154 sf
PPSF: $256

[newcomer]

how about this one?
http://www.sdlookup.com/MLS-090024693-13463_Lighthouse_Way_San_Diego_CA_92130

$1,065,000
4,154 sf
PPSF: $256

[newcomer]

how about this one?
http://www.sdlookup.com/MLS-090024693-13463_Lighthouse_Way_San_Diego_CA_92130

$1,065,000
4,154 sf
PPSF: $256

[newcomer]

how about this one?
http://www.sdlookup.com/MLS-090024693-13463_Lighthouse_Way_San_Diego_CA_92130

$1,065,000
4,154 sf
PPSF: $256

[Eugene]

[quote=Diego Mamani]
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.[/quote]

This house does not seem to be all that desirable as a second home for an out-of-towner.

There are two reasons why CV houses cost as much as they do:

– Public schools
– Proximity to high tech jobs

And neither is a factor for an out-of-towner with enough money to spend 1M on a second home.

Your argument really only applies within 1/2 mile from the coast. More so in places where schools and jobs turn locals away. Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.

[Eugene]

[quote=Diego Mamani]
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.[/quote]

This house does not seem to be all that desirable as a second home for an out-of-towner.

There are two reasons why CV houses cost as much as they do:

– Public schools
– Proximity to high tech jobs

And neither is a factor for an out-of-towner with enough money to spend 1M on a second home.

Your argument really only applies within 1/2 mile from the coast. More so in places where schools and jobs turn locals away. Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.

[Eugene]

[quote=Diego Mamani]
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.[/quote]

This house does not seem to be all that desirable as a second home for an out-of-towner.

There are two reasons why CV houses cost as much as they do:

– Public schools
– Proximity to high tech jobs

And neither is a factor for an out-of-towner with enough money to spend 1M on a second home.

Your argument really only applies within 1/2 mile from the coast. More so in places where schools and jobs turn locals away. Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.

[Eugene]

[quote=Diego Mamani]
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.[/quote]

This house does not seem to be all that desirable as a second home for an out-of-towner.

There are two reasons why CV houses cost as much as they do:

– Public schools
– Proximity to high tech jobs

And neither is a factor for an out-of-towner with enough money to spend 1M on a second home.

Your argument really only applies within 1/2 mile from the coast. More so in places where schools and jobs turn locals away. Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.

[Eugene]

[quote=Diego Mamani]
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.[/quote]

This house does not seem to be all that desirable as a second home for an out-of-towner.

There are two reasons why CV houses cost as much as they do:

– Public schools
– Proximity to high tech jobs

And neither is a factor for an out-of-towner with enough money to spend 1M on a second home.

Your argument really only applies within 1/2 mile from the coast. More so in places where schools and jobs turn locals away. Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.

[Coronita]

[quote=Eugene]
Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.[/quote]

Hmmm… Considering you posted this at 10:39pm on a Sunday night, seems like you’re not doing that much better in terms of living an “exciting” life, my sour grapes colleague.

[Coronita]

[quote=Eugene]
Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.[/quote]

Hmmm… Considering you posted this at 10:39pm on a Sunday night, seems like you’re not doing that much better in terms of living an “exciting” life, my sour grapes colleague.

[Coronita]

[quote=Eugene]
Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.[/quote]

Hmmm… Considering you posted this at 10:39pm on a Sunday night, seems like you’re not doing that much better in terms of living an “exciting” life, my sour grapes colleague.

[Coronita]

[quote=Eugene]
Try to buy a waterfront house in Oceanside or Dana Point, you’ll be competing with out-of-towners. Try to buy a McMansion in Carmel Valley, 99% of prospective buyers will be your familiar, boring Chinese dual-income Qualcomm employees.[/quote]

Hmmm… Considering you posted this at 10:39pm on a Sunday night, seems like you’re not doing that much better in terms of living an “exciting” life, my sour grapes colleague.

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