Derby Hill in CV???

[Raybyrnes]

asianautica

Completely appreciate your comment and ackwnowlege that you need to have the funds to have purchased. My comment is towards those who had the financial means to buy but for some reason felt that prices were too high and might come down or just elected not to buy.

With respect to your second comment “I rather be late (miss the bottom) and catch it on the way up than catch a falling knife” I am the logic becasue you can be just as far off in your timing.

[sdcellar]

Of course you can be (far off), but what’s been posed is being early on the down versus early on the up. I’ll take the latter pretty much every time, especially with things that move slowly (like real estate).

And again, housing is so overpriced in San Diego right now that it really doesn’t matter. If it should somehow start inching magically upward, it just isn’t a good value to buy most properties. *And*, I’d still have time to reconsider my position if and when that comes to pass. Buy today and you’re pretty much screwed.

[sdcellar]

Of course you can be (far off), but what’s been posed is being early on the down versus early on the up. I’ll take the latter pretty much every time, especially with things that move slowly (like real estate).

And again, housing is so overpriced in San Diego right now that it really doesn’t matter. If it should somehow start inching magically upward, it just isn’t a good value to buy most properties. *And*, I’d still have time to reconsider my position if and when that comes to pass. Buy today and you’re pretty much screwed.

[sdcellar]

Of course you can be (far off), but what’s been posed is being early on the down versus early on the up. I’ll take the latter pretty much every time, especially with things that move slowly (like real estate).

And again, housing is so overpriced in San Diego right now that it really doesn’t matter. If it should somehow start inching magically upward, it just isn’t a good value to buy most properties. *And*, I’d still have time to reconsider my position if and when that comes to pass. Buy today and you’re pretty much screwed.

[peterk2001]

thanks…

I didn’t intend to stir up a hornet’s nest about Derby Hill in the CV…..I was mainly just suprised that the plan 3’s get snapped up at each phase release and rarely seem to fall out of escrow…That fact I am certain about as I have been to 5 phase releases and follow up with the sales office on a regular basis..

I am not really familiar with the CV but I get the impression that there is a premium for escaping the San Diego Unified School district and having all your neighbors be relatively stable professionals etc…I am not a real estate professional, but just have noted that the sales prices of 4000 sq. ft., relatively new homes actually sell in the middle of the value range as opposed to under it like in other areas…

But I could be wrong…..But thanks to everyone for their input…

[peterk2001]

thanks…

I didn’t intend to stir up a hornet’s nest about Derby Hill in the CV…..I was mainly just suprised that the plan 3’s get snapped up at each phase release and rarely seem to fall out of escrow…That fact I am certain about as I have been to 5 phase releases and follow up with the sales office on a regular basis..

I am not really familiar with the CV but I get the impression that there is a premium for escaping the San Diego Unified School district and having all your neighbors be relatively stable professionals etc…I am not a real estate professional, but just have noted that the sales prices of 4000 sq. ft., relatively new homes actually sell in the middle of the value range as opposed to under it like in other areas…

But I could be wrong…..But thanks to everyone for their input…

[peterk2001]

thanks…

I didn’t intend to stir up a hornet’s nest about Derby Hill in the CV…..I was mainly just suprised that the plan 3’s get snapped up at each phase release and rarely seem to fall out of escrow…That fact I am certain about as I have been to 5 phase releases and follow up with the sales office on a regular basis..

I am not really familiar with the CV but I get the impression that there is a premium for escaping the San Diego Unified School district and having all your neighbors be relatively stable professionals etc…I am not a real estate professional, but just have noted that the sales prices of 4000 sq. ft., relatively new homes actually sell in the middle of the value range as opposed to under it like in other areas…

But I could be wrong…..But thanks to everyone for their input…

[sdcellar]

You didn’t stir up a hornet’s nest at all. CV is definitely holding up much better than most everywhere else in the county. Even in the recent statistics compiled over at the Voice of San Diego regarding foreclosure rates show that 92130 is near the bottom in foreclosures per 1000 properties.

That said, everything is relative and there’s a decent chance they’re just behind the curve. Of course there’s a premium for better schools and coastal proximity, and there always will be, but it’s all relative. Funny that you’re worried about a hit on your La Jolla place. Last I recall they have pretty good schools and are near a beach or something. Maybe you meant something else, but if prices are going to drop (or have dropped) in La Jolla, you can bet they’ll go down in Carmel Valley.

[sdcellar]

You didn’t stir up a hornet’s nest at all. CV is definitely holding up much better than most everywhere else in the county. Even in the recent statistics compiled over at the Voice of San Diego regarding foreclosure rates show that 92130 is near the bottom in foreclosures per 1000 properties.

That said, everything is relative and there’s a decent chance they’re just behind the curve. Of course there’s a premium for better schools and coastal proximity, and there always will be, but it’s all relative. Funny that you’re worried about a hit on your La Jolla place. Last I recall they have pretty good schools and are near a beach or something. Maybe you meant something else, but if prices are going to drop (or have dropped) in La Jolla, you can bet they’ll go down in Carmel Valley.

[sdcellar]

You didn’t stir up a hornet’s nest at all. CV is definitely holding up much better than most everywhere else in the county. Even in the recent statistics compiled over at the Voice of San Diego regarding foreclosure rates show that 92130 is near the bottom in foreclosures per 1000 properties.

That said, everything is relative and there’s a decent chance they’re just behind the curve. Of course there’s a premium for better schools and coastal proximity, and there always will be, but it’s all relative. Funny that you’re worried about a hit on your La Jolla place. Last I recall they have pretty good schools and are near a beach or something. Maybe you meant something else, but if prices are going to drop (or have dropped) in La Jolla, you can bet they’ll go down in Carmel Valley.

[Raybyrnes]

I don’t think people have as much time as they think. The reality is that people thought they had time in 1999 and when they put in there full price offer on their dream home they were outbid and had to start the process over. Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Here is the reality and it seems like the realators on this board have made extremely clear, you need to have a realistic idea of the market, and what you can afford. When you identify that property you need to be ready to pull a trigger. That doesn’t mean recklessly going out and getting exotic mortgages to get into something you can’t afford but it is also coming to the reality that if your spouse is not working and you are making a 100 K a year that you are probably not going to get into Carmel Valley, Rancho Bernardo or some of the other newer communiities.

You can continue to think that somehow there will be a half price special and that when this occurs that you will also get exactly what you want. The reality is that you have to be able to identify what you want, and what is available. If stretching means having your wife get a job, cutting out the family vactions, sending your kids to Public Colleges instead of private then you will be able to buy. If you wants to have both then I would think about going elsehwere because it probably is not going to happen in Southern Cal.

There is a lot of money out here and the lifestyle is desirable. A lot of income in San Diego does not show up in the statistics because there are a lot of small business ownere who make plenty of money and it is not being reported. Additionally there are enough old timers who have set up trust funds due to the fact that the did buy many eons ago who and going to help there kids out.

I rent. I make good money. Enough in many markets to buy something really nice. I have cash and I have family that has cash and I too am looking for a bargain but I am also realistic that I am probably not going to get my dream home out of the gate. I am not going to find a home in Del Sur for a conforming loan limit of 417K. I will have to pay good money for something fairly average but I will have a school system, a location to work, the weather which will ofset the negatives. I will also have a cost of housing that is within my means and hopefully I will have neghbors and a coommunity of people that I enjoy living with. This all comes at a price.

[Raybyrnes]

I don’t think people have as much time as they think. The reality is that people thought they had time in 1999 and when they put in there full price offer on their dream home they were outbid and had to start the process over. Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Here is the reality and it seems like the realators on this board have made extremely clear, you need to have a realistic idea of the market, and what you can afford. When you identify that property you need to be ready to pull a trigger. That doesn’t mean recklessly going out and getting exotic mortgages to get into something you can’t afford but it is also coming to the reality that if your spouse is not working and you are making a 100 K a year that you are probably not going to get into Carmel Valley, Rancho Bernardo or some of the other newer communiities.

You can continue to think that somehow there will be a half price special and that when this occurs that you will also get exactly what you want. The reality is that you have to be able to identify what you want, and what is available. If stretching means having your wife get a job, cutting out the family vactions, sending your kids to Public Colleges instead of private then you will be able to buy. If you wants to have both then I would think about going elsehwere because it probably is not going to happen in Southern Cal.

There is a lot of money out here and the lifestyle is desirable. A lot of income in San Diego does not show up in the statistics because there are a lot of small business ownere who make plenty of money and it is not being reported. Additionally there are enough old timers who have set up trust funds due to the fact that the did buy many eons ago who and going to help there kids out.

I rent. I make good money. Enough in many markets to buy something really nice. I have cash and I have family that has cash and I too am looking for a bargain but I am also realistic that I am probably not going to get my dream home out of the gate. I am not going to find a home in Del Sur for a conforming loan limit of 417K. I will have to pay good money for something fairly average but I will have a school system, a location to work, the weather which will ofset the negatives. I will also have a cost of housing that is within my means and hopefully I will have neghbors and a coommunity of people that I enjoy living with. This all comes at a price.

[Raybyrnes]

I don’t think people have as much time as they think. The reality is that people thought they had time in 1999 and when they put in there full price offer on their dream home they were outbid and had to start the process over. Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Here is the reality and it seems like the realators on this board have made extremely clear, you need to have a realistic idea of the market, and what you can afford. When you identify that property you need to be ready to pull a trigger. That doesn’t mean recklessly going out and getting exotic mortgages to get into something you can’t afford but it is also coming to the reality that if your spouse is not working and you are making a 100 K a year that you are probably not going to get into Carmel Valley, Rancho Bernardo or some of the other newer communiities.

You can continue to think that somehow there will be a half price special and that when this occurs that you will also get exactly what you want. The reality is that you have to be able to identify what you want, and what is available. If stretching means having your wife get a job, cutting out the family vactions, sending your kids to Public Colleges instead of private then you will be able to buy. If you wants to have both then I would think about going elsehwere because it probably is not going to happen in Southern Cal.

There is a lot of money out here and the lifestyle is desirable. A lot of income in San Diego does not show up in the statistics because there are a lot of small business ownere who make plenty of money and it is not being reported. Additionally there are enough old timers who have set up trust funds due to the fact that the did buy many eons ago who and going to help there kids out.

I rent. I make good money. Enough in many markets to buy something really nice. I have cash and I have family that has cash and I too am looking for a bargain but I am also realistic that I am probably not going to get my dream home out of the gate. I am not going to find a home in Del Sur for a conforming loan limit of 417K. I will have to pay good money for something fairly average but I will have a school system, a location to work, the weather which will ofset the negatives. I will also have a cost of housing that is within my means and hopefully I will have neghbors and a coommunity of people that I enjoy living with. This all comes at a price.

[Arty]

Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Fights are okay, when you lost the 20% down payment or your home is been forclosed on. You are looking at a divoce. Btw, you should find a better wife if your wife is having a fight with you about the largest purchase in most people’s life.

I am not going to find a home in Del Sur for a conforming loan limit of 417K.

With 20% down (which seriously people need to do that or at least 10% down), Del Sur’s price are already very close to it. I actaully predit (my personal opinion) Del Sur to drop around 450,000 range or lower by 2009.

[Arty]

Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Fights are okay, when you lost the 20% down payment or your home is been forclosed on. You are looking at a divoce. Btw, you should find a better wife if your wife is having a fight with you about the largest purchase in most people’s life.

I am not going to find a home in Del Sur for a conforming loan limit of 417K.

With 20% down (which seriously people need to do that or at least 10% down), Del Sur’s price are already very close to it. I actaully predit (my personal opinion) Del Sur to drop around 450,000 range or lower by 2009.

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