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

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[Author]

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