Foreclosure ban end.

[The-Shoveler]

To be honest it does remind me of the end of 1999.

Party!!

[scaredyclassic]

i mean, I adore electric bicycles. I’d spend good money on them. I’d buy a high end one for my next bike. But 5-10K gets you very very high end.

20k is just silly and is probably the result of buying superlightweight parts.

it’s also absurd because expensive bicycle parts are meant to shave weight, often at a very high dollar cost per gram. but to shave weight in that way on an ebike, a bike that must be heavy by virtue of its having a MOTOR and a BATTERY, is INSANE…you dont NEED a lightweight bike because you have a MOTOR and a BATTERY to help!!!

personally i think weight shaving even on normal bicycles is pretty dumb past acertain fairly cheap point. but on an ebike it’s burning money. ive got my eye on a 4k Giant brand dual suspension ebike, and there’s no way it’s not 95% as good as whatever that 20k bike is for everyday mountain biking and commuting….but that Black Mountain shop was SOLD OUT in pretty much every bike that would fit me (average sized male) so maybe it’s a scarcity thing?

even so, someone has WAY TOO MUCH MONEY lying around. on the other hand, maybe it’s no dumber than a 150k mercedes.

[The-Shoveler]

One thing I remember about 1999 that reminds me of today is stocks/industries that were easy to put a hard number on were not worth crap but fantasy/story stocks with no real earnings were worth billions LOL.

That said, IMO housing still a ways to go I think.

[sdrealtor]

With that said my long portfolio of stocks in boring industries and blue chip dividend stocks has far outperformed my more short term portfolio with high growth stocks this year. Its not even close.

[Coronita]

.

[an]

[quote=an][quote=svelte][quote=an][quote=svelte]
Totally bogus claim.[/quote]what development in Mira Mesa in 1987 was going for 100-105k for a 3/2 1500 sqft house?[/quote]

I can’t recall the name and I didn’t save any brochures. All I can tell you is that it was south of MM Blvd and west of Westonhill. I can’t remember any more than that.[/quote]
These are the only one that’s new around 1987 that’s 3/2 1500 sqft South of MM. 7528 Flanders Dr, San Diego, CA 92126. This one sold for 160k in 1988. So your dad was getting a crazy deal.[/quote]So svelte, did your dad end up buying the screaming deal of a house in MM in the late 80s for $100-105k? Or was it you who were looking to buy? I think that house is probably going for ~$900k today. 9X after ~35 years isn’t too shabby. Wonder if we’ll see another 9x in the next 35 years.

Rewind the clock another 12 years and a similar house was going for ~$40k. So, we’re looking at ~22X return after ~50 years. Wonder if we’ll see ~22x return in the next 50 years. Just for shit and giggles, 22x today price would be $19.8m

[svelte]

[quote=an] [quote=an]
These are the only one that’s new around 1987 that’s 3/2 1500 sqft South of MM. 7528 Flanders Dr, San Diego, CA 92126. This one sold for 160k in 1988. So your dad was getting a crazy deal.[/quote]So svelte, did your dad end up buying the screaming deal of a house in MM in the late 80s for $100-105k? Or was it you who were looking to buy? I think that house is probably going for ~$900k today. 9X after ~35 years isn’t too shabby. Wonder if we’ll see another 9x in the next 35 years.

Rewind the clock another 12 years and a similar house was going for ~$40k. So, we’re looking at ~22X return after ~50 years. Wonder if we’ll see ~22x return in the next 50 years. Just for shit and giggles, 22x today price would be $19.8m

[/quote]

My Dad didn’t buy in that year as he lived in northern California, he was visiting me as I was living on Gold Coast Drive at the time. I was wanting to buy so I showed him the “crazy” prices down here. I distinctly remember the price as $100-105K, maybe I have the square footage wrong. I’ll look at old newspapers this weekend if I get a chance as I’m sure there will be an ad – as long as 1987 newspapers are online now.

Where did you get that 7528 sold in 1988 for $160K?

[scaredyclassic]

Holding on to anything for 30 years, a house, a marriage, ones sanity, is easier fantasized about than done.

30 years, and you are basically a different human

[an]

[quote=svelte][quote=an] [quote=an]
These are the only one that’s new around 1987 that’s 3/2 1500 sqft South of MM. 7528 Flanders Dr, San Diego, CA 92126. This one sold for 160k in 1988. So your dad was getting a crazy deal.[/quote]So svelte, did your dad end up buying the screaming deal of a house in MM in the late 80s for $100-105k? Or was it you who were looking to buy? I think that house is probably going for ~$900k today. 9X after ~35 years isn’t too shabby. Wonder if we’ll see another 9x in the next 35 years.

Rewind the clock another 12 years and a similar house was going for ~$40k. So, we’re looking at ~22X return after ~50 years. Wonder if we’ll see ~22x return in the next 50 years. Just for shit and giggles, 22x today price would be $19.8m

[/quote]

My Dad didn’t buy in that year as he lived in northern California, he was visiting me as I was living on Gold Coast Drive at the time. I was wanting to buy so I showed him the “crazy” prices down here. I distinctly remember the price as $100-105K, maybe I have the square footage wrong. I’ll look at old newspapers this weekend if I get a chance as I’m sure there will be an ad – as long as 1987 newspapers are online now.

Where did you get that 7528 sold in 1988 for $160K?[/quote]
You can see any house sales history in Redfin: https://www.redfin.com/CA/San-Diego/7528-Flanders-Dr-92126/home/4591280. You gave me the spec of the house and I know exactly which area of MM was built new around that time, so it helps me narrow down to the house to search.

[an]

[quote=scaredyclassic]Holding on to anything for 30 years, a house, a marriage, ones sanity, is easier fantasized about than done.

30 years, and you are basically a different human[/quote]
Life’s not easy

[svelte]

[quote=an][quote=svelte]

Where did you get that 7528 sold in 1988 for $160K?[/quote]
You can see any house sales history in Redfin: https://www.redfin.com/CA/San-Diego/7528-Flanders-Dr-92126/home/4591280. You gave me the spec of the house and I know exactly which area of MM was built new around that time, so it helps me narrow down to the house to search.[/quote]

I think the house we saw was on Dabney.

Not this exact one, but here is an example of a 1600 SF selling for 119K in 1985.

If anything, I’m probably wrong on the SF…it could be they started at 100K for less SF and went up a bit for 1500SF. That probably explains the discrepancy.

In any case, I remember the road intersecting MM Blvd, the house being on the west side of the street, and it being a model home. Of course its been 34 years so I could be slightly off. But not much.

[img_assist|nid=27367|title=1985 sale for 119K|desc=|link=node|align=left|width=466|height=157]

[an]

[quote=svelte][quote=an][quote=svelte]

Where did you get that 7528 sold in 1988 for $160K?[/quote]
You can see any house sales history in Redfin: https://www.redfin.com/CA/San-Diego/7528-Flanders-Dr-92126/home/4591280. You gave me the spec of the house and I know exactly which area of MM was built new around that time, so it helps me narrow down to the house to search.[/quote]

I think the house we saw was on Dabney.

Not this exact one, but here is an example of a 1600 SF selling for 119K in 1985.

If anything, I’m probably wrong on the SF…it could be they started at 100K for less SF and went up a bit for 1500SF. That probably explains the discrepancy.

In any case, I remember the road intersecting MM Blvd, the house being on the west side of the street, and it being a model home. Of course its been 34 years so I could be slightly off. But not much.

[img_assist|nid=27367|title=1985 sale for 119K|desc=|link=node|align=left|width=466|height=157][/quote]
This development started in 1981 and ended around 1985, so when you say 1987, I ruled out this development. As you can see, a very similar house in a different development started 2-3 years later sold for over $40k more. My parents bought a house a couple blocks away from the house above in 1987 4/2 1366 sq-ft for $169k.

[sdrealtor]

Prices may have been all floor plans. Wasn’t there a 2/2 1008 model pardee built

[Coronita]

[quote=an][quote=scaredyclassic]Holding on to anything for 30 years, a house, a marriage, ones sanity, is easier fantasized about than done.

30 years, and you are basically a different human[/quote]
Life’s not easy[/quote]

my parents still have a house since 1979

[an]

[quote=sdrealtor]Prices may have been all floor plans. Wasn’t there a 2/2 1008 model pardee built[/quote]
Yep, Pardee has a 2/2 1008 sq-ft SFR in MM. In those developments (specifically the ones west of Camino Ruiz), the floorplan options are 2/2 1008 sq-ft, 3/2 1134 sq-ft, 3/2 1284 sq-ft, and 4/2 1366 sq-ft.

[Author]

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