First crack in the high end?

[Coronita]

News flash. $1million +-200k home isn't considered "high end", unless you're talking about $1million in say Texas

I think you e-ball very creatively sometimes.

 

What the. Eball???

I was merely pointing out $800k-$1mill homes you see in pretty much all areas in SD: CV, RP, MM,SR,Carlsbad,San Marcos,Scrips Ranch,ChulaVista, etc. Do we consider each one of these areas "high end"? Highly inflated, yes… Hi end, clearly not. Do anyone really expect some of these "$1million+-200k" homes listed in these areas to stay at the highly inflated prices when they clearly aren't high end homes?

Perhaps I should have said

$1million highly inflated, pseudo-high-endish looking stucco homes, that are not really worth $1million homes, yet still tagged as high-end-homes. These homes god forbid are stucco boxes at most. Do we really expect all these things to be priced as such moving forward?

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[NotCranky]

These homes god forbid are stucco boxes at most. Do we really expect all these things to be priced as such moving forward?

I know exactly what it takes(or doesn’t take) to build them and I have been in a state of disbelief for five years.That is a lot of money for warehouse space. Not that having a warehouse is bad. We will see what happens. I do think AN had the eagle eye on this one. It was precisely this type of home in this location that has been the most unbelievable to me.

[NotCranky]

These homes god forbid are stucco boxes at most. Do we really expect all these things to be priced as such moving forward?

I know exactly what it takes(or doesn’t take) to build them and I have been in a state of disbelief for five years.That is a lot of money for warehouse space. Not that having a warehouse is bad. We will see what happens. I do think AN had the eagle eye on this one. It was precisely this type of home in this location that has been the most unbelievable to me.

[NotCranky]

These homes god forbid are stucco boxes at most. Do we really expect all these things to be priced as such moving forward?

I know exactly what it takes(or doesn’t take) to build them and I have been in a state of disbelief for five years.That is a lot of money for warehouse space. Not that having a warehouse is bad. We will see what happens. I do think AN had the eagle eye on this one. It was precisely this type of home in this location that has been the most unbelievable to me.

[NotCranky]

These homes god forbid are stucco boxes at most. Do we really expect all these things to be priced as such moving forward?

I know exactly what it takes(or doesn’t take) to build them and I have been in a state of disbelief for five years.That is a lot of money for warehouse space. Not that having a warehouse is bad. We will see what happens. I do think AN had the eagle eye on this one. It was precisely this type of home in this location that has been the most unbelievable to me.

[NotCranky]

These homes god forbid are stucco boxes at most. Do we really expect all these things to be priced as such moving forward?

I know exactly what it takes(or doesn’t take) to build them and I have been in a state of disbelief for five years.That is a lot of money for warehouse space. Not that having a warehouse is bad. We will see what happens. I do think AN had the eagle eye on this one. It was precisely this type of home in this location that has been the most unbelievable to me.

[Sandi Egan]

So what do you personally think is a fair price for that home?

[Sandi Egan]

So what do you personally think is a fair price for that home?

[Sandi Egan]

So what do you personally think is a fair price for that home?

[Sandi Egan]

So what do you personally think is a fair price for that home?

[Sandi Egan]

So what do you personally think is a fair price for that home?

[an]

I think a house this size probably go for around $4500-5000/month in rent. Base on that as being fundamental and buyer having 20% down and the temporary conforming limit, $800k is quite reasonable. @ $800k w/ 20% down and 5.5% w/ 4 points, you’re looking at monthly payment of $3600/month. To make a fair comparison, if we make it 0% down instead, the monthly payment would be $4500/month, which is on par with rent. Some family making $200k can easily afford that payment.

[an]

I think a house this size probably go for around $4500-5000/month in rent. Base on that as being fundamental and buyer having 20% down and the temporary conforming limit, $800k is quite reasonable. @ $800k w/ 20% down and 5.5% w/ 4 points, you’re looking at monthly payment of $3600/month. To make a fair comparison, if we make it 0% down instead, the monthly payment would be $4500/month, which is on par with rent. Some family making $200k can easily afford that payment.

[an]

I think a house this size probably go for around $4500-5000/month in rent. Base on that as being fundamental and buyer having 20% down and the temporary conforming limit, $800k is quite reasonable. @ $800k w/ 20% down and 5.5% w/ 4 points, you’re looking at monthly payment of $3600/month. To make a fair comparison, if we make it 0% down instead, the monthly payment would be $4500/month, which is on par with rent. Some family making $200k can easily afford that payment.

[an]

I think a house this size probably go for around $4500-5000/month in rent. Base on that as being fundamental and buyer having 20% down and the temporary conforming limit, $800k is quite reasonable. @ $800k w/ 20% down and 5.5% w/ 4 points, you’re looking at monthly payment of $3600/month. To make a fair comparison, if we make it 0% down instead, the monthly payment would be $4500/month, which is on par with rent. Some family making $200k can easily afford that payment.

[Author]

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