FYI: Current “deal” in Derby Hills, Carmel Valley

[Coronita]

pk92108,

For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.

 

Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.

Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.

The other thing that bothers me is that 

1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.

2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd.  My only gripes about plan 3 is the price.

[Coronita]

pk92108,

For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.

 

Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.

Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.

The other thing that bothers me is that 

1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.

2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd.  My only gripes about plan 3 is the price.

[Coronita]

pk92108,

For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.

 

Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.

Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.

The other thing that bothers me is that 

1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.

2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd.  My only gripes about plan 3 is the price.

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

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