Distribution of Wealth in SD County

[bearishgurl]

[quote=AN]Have you ever driven South in the morning? I have. Just so you know, there’s is usually no traffic going South in the morning and going North in the afternoon, between South County and Sorrento area.[/quote]

Driving from Sorrento to Chula is NOT the same route as driving from PQ to dtn. in the morning.

[quote=AN]BTW, Bing is Microsoft. They calculate time based on distance and speed limit.[/quote]

What is the speed limit on southbound I-15, say, near Ted Wms. Pkwy. bet. 7:00 and 7:30 a.m. on weekdays?? How about Mercy Rd. exit? Miramar Rd. exit? Clairemont Mesa?? How long to get thru the bottlenecked Balboa Park? How about getting to your parking space/garage? Or finding a meter?? You see what I’m saying, here??

[quote=AN]Where do you get your data from? Are you just trying to overexaggerate to make PQ look as bad as possible?[/quote]

I just guessed 30 miles. Concede that I didn’t know. I just looked at Mapquest which states it’s 10-13 miles (depending on loc. at PQ) to get to the beach at DM (just no. of Bully’s), total travel time 17-22 mins.

I was not trying to make PQ look bad. Your $895K McMansion in PQ has been built in several zip codes, including 91915 (slightly smaller). I was making fun of its “really bad” design, IMO, for the price it fetched.

[quote=AN]You got it, it’s location location location. Whether you agree with it or not won’t change the fact that PQ’s has a bigger draw, hence the price premium over south county per sq-ft and per lot size. The SOLDs listings speaks for themselves.[/quote]

No, I don’t believe PQ has a bigger “draw” than 91910. Acc. to SD Lookup, there were 101 SOLDS in 91910 since 3/17/10 and 100 SOLDS in PQ since 3/26/10. So there have been more sales in PQ in a little shorter time frame.

“Location” is subjective, AN. What your particular needs/wants are aren’t what everyone needs/wants. Some folks wish to preserve an older home and live in a ‘hood with 80+ yr. old trees and character. Historically, the best (and most exp.) locations in CA were those closest to the coast and ‘hood’s with historical significance, such as Beverly Hills (Los Angeles) or Mission Hills (SD). The “bay” can’t really be considered the coast, because you have to drive over the bridge or up the strand to get there. Hence, Chula properties are NOT coastal either, even though 91910 and 91911 are mostly situated in a “coastal” weather zone. Some people don’t care about living near “high-tech companies” I am one of those people.

If you take the recent solds from both PQ and 91910, PQ is more consistent in price from property to property. Many people who own unique luxury properties in Chula paid cash so have no need to put their properties on the market at its bottom or near bottom (2010). Hence, there were few luxury sales in CV since 3/17.

I know where I can walk my dog in front of two “empty-but-not-vacant luxury properties” tonite. What does that mean? It means beautifully furnished and not in distress, landscaping trimmed, alarm system on, pool clean but no one living there. Why? One family lives in Guadalajara. They will come late next month, for the summer. PQ does not even have these types of properties. I do not know the percentage of recent closings in PQ or 91910 which were distress sales.

I agree that PQ probably is a bigger draw to tech-worker buyers. I do not particularly prefer Chula over SD but I must remain for now. If I could live anywhere in the county, I would move to Fleetridge (92106). If the property didn’t have thick windows, I would install them and would live there until I die. I’ve had properties in portions of four streets picked out for myself since the summer of ’80. Who knows, maybe someday I’ll get there 🙂

[an]

[quote=bearishgurl]Driving from Sorrento to Chula is NOT the same route as driving from PQ to dtn. in the morning.[/quote]
I say drive from PQ to Downtown. Try it some day. BTW, the Bing number doesn’t take traffic into consideration.
[quote=bearishgurl]What is the speed limit on southbound I-15, say, near Ted Wms. Pkwy. bet. 7:00 and 7:30 a.m. on weekdays?? How about Mercy Rd. exit? Miramar Rd. exit? Clairemont Mesa?? How long to get thru the bottlenecked Balboa Park? How about getting to your parking space/garage? Or finding a meter?? You see what I’m saying, here??[/quote]
Check out UCGal’s link for data. Google also have that data too if you want to know.
[quote=bearishgurl]No, I don’t believe PQ has a bigger “draw” than 91910. Acc. to SD Lookup, there were 101 SOLDS in 91910 since 3/17/10 and 100 SOLDS in PQ since 3/26/10. So there have been more sales in PQ in a little shorter time frame.[/quote]
# of sale does not tell you how much more “draw” an area has. PPSF for both house AND lot does.
[quote=bearishgurl]”Location” is subjective, AN. What your particular needs/wants are aren’t what everyone needs/wants. Some folks wish to preserve an older home and live in a ‘hood with 80+ yr. old trees and character. Historically, the best (and most exp.) locations in CA were those closest to the coast and ‘hood’s with historical significance, such as Beverly Hills (Los Angeles) or Mission Hills (SD). The “bay” can’t really be considered the coast, because you have to drive over the bridge or up the strand to get there. Hence, Chula properties are NOT coastal either, even though 91910 and 91911 are mostly situated in a “coastal” weather zone. Some people don’t care about living near “high-tech companies” I am one of those people.[/quote]
Location is not subjective, location is a hard physical area. I never said EVERYONE want to live in a certain area. However, the more people want to live in a certain area, it drives up the price of that area, until it reach a certain and people no longer feel that location is worth that premium. PPSF for both house and land will give you a good idea as to how desirable an area is compare to another. Like you said, everyone’s taste is different. However, PPSF will tell you where the majority’s taste is.
[quote=bearishgurl]PQ does not even have these types of properties.[/quote]
You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?

[an]

[quote=bearishgurl]Driving from Sorrento to Chula is NOT the same route as driving from PQ to dtn. in the morning.[/quote]
I say drive from PQ to Downtown. Try it some day. BTW, the Bing number doesn’t take traffic into consideration.
[quote=bearishgurl]What is the speed limit on southbound I-15, say, near Ted Wms. Pkwy. bet. 7:00 and 7:30 a.m. on weekdays?? How about Mercy Rd. exit? Miramar Rd. exit? Clairemont Mesa?? How long to get thru the bottlenecked Balboa Park? How about getting to your parking space/garage? Or finding a meter?? You see what I’m saying, here??[/quote]
Check out UCGal’s link for data. Google also have that data too if you want to know.
[quote=bearishgurl]No, I don’t believe PQ has a bigger “draw” than 91910. Acc. to SD Lookup, there were 101 SOLDS in 91910 since 3/17/10 and 100 SOLDS in PQ since 3/26/10. So there have been more sales in PQ in a little shorter time frame.[/quote]
# of sale does not tell you how much more “draw” an area has. PPSF for both house AND lot does.
[quote=bearishgurl]”Location” is subjective, AN. What your particular needs/wants are aren’t what everyone needs/wants. Some folks wish to preserve an older home and live in a ‘hood with 80+ yr. old trees and character. Historically, the best (and most exp.) locations in CA were those closest to the coast and ‘hood’s with historical significance, such as Beverly Hills (Los Angeles) or Mission Hills (SD). The “bay” can’t really be considered the coast, because you have to drive over the bridge or up the strand to get there. Hence, Chula properties are NOT coastal either, even though 91910 and 91911 are mostly situated in a “coastal” weather zone. Some people don’t care about living near “high-tech companies” I am one of those people.[/quote]
Location is not subjective, location is a hard physical area. I never said EVERYONE want to live in a certain area. However, the more people want to live in a certain area, it drives up the price of that area, until it reach a certain and people no longer feel that location is worth that premium. PPSF for both house and land will give you a good idea as to how desirable an area is compare to another. Like you said, everyone’s taste is different. However, PPSF will tell you where the majority’s taste is.
[quote=bearishgurl]PQ does not even have these types of properties.[/quote]
You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?

[an]

[quote=bearishgurl]Driving from Sorrento to Chula is NOT the same route as driving from PQ to dtn. in the morning.[/quote]
I say drive from PQ to Downtown. Try it some day. BTW, the Bing number doesn’t take traffic into consideration.
[quote=bearishgurl]What is the speed limit on southbound I-15, say, near Ted Wms. Pkwy. bet. 7:00 and 7:30 a.m. on weekdays?? How about Mercy Rd. exit? Miramar Rd. exit? Clairemont Mesa?? How long to get thru the bottlenecked Balboa Park? How about getting to your parking space/garage? Or finding a meter?? You see what I’m saying, here??[/quote]
Check out UCGal’s link for data. Google also have that data too if you want to know.
[quote=bearishgurl]No, I don’t believe PQ has a bigger “draw” than 91910. Acc. to SD Lookup, there were 101 SOLDS in 91910 since 3/17/10 and 100 SOLDS in PQ since 3/26/10. So there have been more sales in PQ in a little shorter time frame.[/quote]
# of sale does not tell you how much more “draw” an area has. PPSF for both house AND lot does.
[quote=bearishgurl]”Location” is subjective, AN. What your particular needs/wants are aren’t what everyone needs/wants. Some folks wish to preserve an older home and live in a ‘hood with 80+ yr. old trees and character. Historically, the best (and most exp.) locations in CA were those closest to the coast and ‘hood’s with historical significance, such as Beverly Hills (Los Angeles) or Mission Hills (SD). The “bay” can’t really be considered the coast, because you have to drive over the bridge or up the strand to get there. Hence, Chula properties are NOT coastal either, even though 91910 and 91911 are mostly situated in a “coastal” weather zone. Some people don’t care about living near “high-tech companies” I am one of those people.[/quote]
Location is not subjective, location is a hard physical area. I never said EVERYONE want to live in a certain area. However, the more people want to live in a certain area, it drives up the price of that area, until it reach a certain and people no longer feel that location is worth that premium. PPSF for both house and land will give you a good idea as to how desirable an area is compare to another. Like you said, everyone’s taste is different. However, PPSF will tell you where the majority’s taste is.
[quote=bearishgurl]PQ does not even have these types of properties.[/quote]
You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?

[an]

[quote=bearishgurl]Driving from Sorrento to Chula is NOT the same route as driving from PQ to dtn. in the morning.[/quote]
I say drive from PQ to Downtown. Try it some day. BTW, the Bing number doesn’t take traffic into consideration.
[quote=bearishgurl]What is the speed limit on southbound I-15, say, near Ted Wms. Pkwy. bet. 7:00 and 7:30 a.m. on weekdays?? How about Mercy Rd. exit? Miramar Rd. exit? Clairemont Mesa?? How long to get thru the bottlenecked Balboa Park? How about getting to your parking space/garage? Or finding a meter?? You see what I’m saying, here??[/quote]
Check out UCGal’s link for data. Google also have that data too if you want to know.
[quote=bearishgurl]No, I don’t believe PQ has a bigger “draw” than 91910. Acc. to SD Lookup, there were 101 SOLDS in 91910 since 3/17/10 and 100 SOLDS in PQ since 3/26/10. So there have been more sales in PQ in a little shorter time frame.[/quote]
# of sale does not tell you how much more “draw” an area has. PPSF for both house AND lot does.
[quote=bearishgurl]”Location” is subjective, AN. What your particular needs/wants are aren’t what everyone needs/wants. Some folks wish to preserve an older home and live in a ‘hood with 80+ yr. old trees and character. Historically, the best (and most exp.) locations in CA were those closest to the coast and ‘hood’s with historical significance, such as Beverly Hills (Los Angeles) or Mission Hills (SD). The “bay” can’t really be considered the coast, because you have to drive over the bridge or up the strand to get there. Hence, Chula properties are NOT coastal either, even though 91910 and 91911 are mostly situated in a “coastal” weather zone. Some people don’t care about living near “high-tech companies” I am one of those people.[/quote]
Location is not subjective, location is a hard physical area. I never said EVERYONE want to live in a certain area. However, the more people want to live in a certain area, it drives up the price of that area, until it reach a certain and people no longer feel that location is worth that premium. PPSF for both house and land will give you a good idea as to how desirable an area is compare to another. Like you said, everyone’s taste is different. However, PPSF will tell you where the majority’s taste is.
[quote=bearishgurl]PQ does not even have these types of properties.[/quote]
You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?

[an]

[quote=bearishgurl]Driving from Sorrento to Chula is NOT the same route as driving from PQ to dtn. in the morning.[/quote]
I say drive from PQ to Downtown. Try it some day. BTW, the Bing number doesn’t take traffic into consideration.
[quote=bearishgurl]What is the speed limit on southbound I-15, say, near Ted Wms. Pkwy. bet. 7:00 and 7:30 a.m. on weekdays?? How about Mercy Rd. exit? Miramar Rd. exit? Clairemont Mesa?? How long to get thru the bottlenecked Balboa Park? How about getting to your parking space/garage? Or finding a meter?? You see what I’m saying, here??[/quote]
Check out UCGal’s link for data. Google also have that data too if you want to know.
[quote=bearishgurl]No, I don’t believe PQ has a bigger “draw” than 91910. Acc. to SD Lookup, there were 101 SOLDS in 91910 since 3/17/10 and 100 SOLDS in PQ since 3/26/10. So there have been more sales in PQ in a little shorter time frame.[/quote]
# of sale does not tell you how much more “draw” an area has. PPSF for both house AND lot does.
[quote=bearishgurl]”Location” is subjective, AN. What your particular needs/wants are aren’t what everyone needs/wants. Some folks wish to preserve an older home and live in a ‘hood with 80+ yr. old trees and character. Historically, the best (and most exp.) locations in CA were those closest to the coast and ‘hood’s with historical significance, such as Beverly Hills (Los Angeles) or Mission Hills (SD). The “bay” can’t really be considered the coast, because you have to drive over the bridge or up the strand to get there. Hence, Chula properties are NOT coastal either, even though 91910 and 91911 are mostly situated in a “coastal” weather zone. Some people don’t care about living near “high-tech companies” I am one of those people.[/quote]
Location is not subjective, location is a hard physical area. I never said EVERYONE want to live in a certain area. However, the more people want to live in a certain area, it drives up the price of that area, until it reach a certain and people no longer feel that location is worth that premium. PPSF for both house and land will give you a good idea as to how desirable an area is compare to another. Like you said, everyone’s taste is different. However, PPSF will tell you where the majority’s taste is.
[quote=bearishgurl]PQ does not even have these types of properties.[/quote]
You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?

[bearishgurl]

[quote=AN]You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?[/quote]

AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed.

Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??

91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.

[bearishgurl]

[quote=AN]You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?[/quote]

AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed.

Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??

91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.

[bearishgurl]

[quote=AN]You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?[/quote]

AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed.

Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??

91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.

[bearishgurl]

[quote=AN]You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?[/quote]

AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed.

Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??

91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.

[bearishgurl]

[quote=AN]You’re right, PQ doesn’t have those mansions on a couple of acre. Like I said, housing stock up here do not have as big of a range as down there. Just like you don’t see 1300 sq-ft on 5000-7000 sq-ft lot in Rancho Santa Fe, you won’t see 7000 sq-ft house on 2 acre in PQ. What is your point exactly?[/quote]

AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed.

Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??

91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.

[an]

[quote=bearishgurl]
AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed. [/quote]
But didn’t you just show 91910 sold more than 92129 in the last 2 months or so?

[quote=bearishgurl]Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??[/quote]
No I would not.

[quote=bearishgurl]91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.[/quote]
But the housing stocks shows there are houses from $200k-$4M. There must be MC/upper MC buying those $500k-$1M houses.

[an]

[quote=bearishgurl]
AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed. [/quote]
But didn’t you just show 91910 sold more than 92129 in the last 2 months or so?

[quote=bearishgurl]Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??[/quote]
No I would not.

[quote=bearishgurl]91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.[/quote]
But the housing stocks shows there are houses from $200k-$4M. There must be MC/upper MC buying those $500k-$1M houses.

[an]

[quote=bearishgurl]
AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed. [/quote]
But didn’t you just show 91910 sold more than 92129 in the last 2 months or so?

[quote=bearishgurl]Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??[/quote]
No I would not.

[quote=bearishgurl]91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.[/quote]
But the housing stocks shows there are houses from $200k-$4M. There must be MC/upper MC buying those $500k-$1M houses.

[an]

[quote=bearishgurl]
AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed. [/quote]
But didn’t you just show 91910 sold more than 92129 in the last 2 months or so?

[quote=bearishgurl]Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??[/quote]
No I would not.

[quote=bearishgurl]91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.[/quote]
But the housing stocks shows there are houses from $200k-$4M. There must be MC/upper MC buying those $500k-$1M houses.

[Author]

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