goal of buying in either mission hills or pt loma

[jimcav]

thanks in advance as this forum has so much info–almost too much for me to digest. So we have a goal of living in mission hills or pt loma for the next 4-6 yrs (good schools near coronado, where i will work), and will then assess the schools again as our boys leave elementary. i was trying to judge a good buying point based on price per sq ft, but am now understanding price to annual rent is better. but i see homes renting in the areas for 2500-3500, yet the 3 br homes for sale are still 700k+. Does that mean prices will fall 200k, or are these areas likely to stay over 12x rents (3500×144=504k?)
where i am, it is no choice that if we sell, we will not be able to get what we paid in 2006 (yes, bad move there on my part), but are these SD areas desirable to the point that there are always a supply of folks ready to come in at 17-23 times rent–because there are places closing?
thanks again for the insights
jim

[San Diego Native]

I’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.

Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.

My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)

As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.

[San Diego Native]

I’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.

Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.

My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)

As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.

[San Diego Native]

I’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.

Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.

My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)

As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.

[San Diego Native]

I’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.

Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.

My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)

As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.

[San Diego Native]

I’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.

Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.

My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)

As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.

[(former)FormerSanDiegan]

Assuming that interest rates remain at current levels (probably not a good assumption), I do not see the nice parts of these areas dropping to 12x annual rental income. People will buy in the nice areas at well before they become cheaper to own than rent. (Same is not true for the marginal areas). I would expect more like 14 or 15x at current interest rates. That’s about the point where the marginal cost to own vs rent is relatively small.

HOWEVER, if interest rates creep up to the 8% + range, I would fully expect to see houses in Point Loma sell for 12x rent or lower.

[(former)FormerSanDiegan]

Assuming that interest rates remain at current levels (probably not a good assumption), I do not see the nice parts of these areas dropping to 12x annual rental income. People will buy in the nice areas at well before they become cheaper to own than rent. (Same is not true for the marginal areas). I would expect more like 14 or 15x at current interest rates. That’s about the point where the marginal cost to own vs rent is relatively small.

HOWEVER, if interest rates creep up to the 8% + range, I would fully expect to see houses in Point Loma sell for 12x rent or lower.

[(former)FormerSanDiegan]

Assuming that interest rates remain at current levels (probably not a good assumption), I do not see the nice parts of these areas dropping to 12x annual rental income. People will buy in the nice areas at well before they become cheaper to own than rent. (Same is not true for the marginal areas). I would expect more like 14 or 15x at current interest rates. That’s about the point where the marginal cost to own vs rent is relatively small.

HOWEVER, if interest rates creep up to the 8% + range, I would fully expect to see houses in Point Loma sell for 12x rent or lower.

[(former)FormerSanDiegan]

Assuming that interest rates remain at current levels (probably not a good assumption), I do not see the nice parts of these areas dropping to 12x annual rental income. People will buy in the nice areas at well before they become cheaper to own than rent. (Same is not true for the marginal areas). I would expect more like 14 or 15x at current interest rates. That’s about the point where the marginal cost to own vs rent is relatively small.

HOWEVER, if interest rates creep up to the 8% + range, I would fully expect to see houses in Point Loma sell for 12x rent or lower.

[(former)FormerSanDiegan]

Assuming that interest rates remain at current levels (probably not a good assumption), I do not see the nice parts of these areas dropping to 12x annual rental income. People will buy in the nice areas at well before they become cheaper to own than rent. (Same is not true for the marginal areas). I would expect more like 14 or 15x at current interest rates. That’s about the point where the marginal cost to own vs rent is relatively small.

HOWEVER, if interest rates creep up to the 8% + range, I would fully expect to see houses in Point Loma sell for 12x rent or lower.

[SDEngineer]

The historical relation in San Diego normally quoted between rent and purchase cost is generally somewhere between 150 and 200x rent, with the higher desireability places going for closer to the top. Since 12x annual is pretty close to 150, I think you may be using a “rule of thumb” that is designed more for areas that aren’t “premium” (e.g. Mira Mesa, La Mesa, etc).

Be that as it may, housing prices to rent ratios in San Diego are still significantly out of whack. At the peak of the bubble, I would guess they were up at about 300x rent as a general rule. They’re falling now, but as has been noted all over the blog, they’re falling first from the outlying and inland areas, and the correction is slowly making its way to the coast. It’ll be quite awhile yet before we get back to normal historical ratios. I suspect the Pt. Loma area though will not likely dip too much below 200x rent – it’s very central, and very popular, though not quite as chic an address as La Jolla or Del Mar.

[SDEngineer]

The historical relation in San Diego normally quoted between rent and purchase cost is generally somewhere between 150 and 200x rent, with the higher desireability places going for closer to the top. Since 12x annual is pretty close to 150, I think you may be using a “rule of thumb” that is designed more for areas that aren’t “premium” (e.g. Mira Mesa, La Mesa, etc).

Be that as it may, housing prices to rent ratios in San Diego are still significantly out of whack. At the peak of the bubble, I would guess they were up at about 300x rent as a general rule. They’re falling now, but as has been noted all over the blog, they’re falling first from the outlying and inland areas, and the correction is slowly making its way to the coast. It’ll be quite awhile yet before we get back to normal historical ratios. I suspect the Pt. Loma area though will not likely dip too much below 200x rent – it’s very central, and very popular, though not quite as chic an address as La Jolla or Del Mar.

[SDEngineer]

The historical relation in San Diego normally quoted between rent and purchase cost is generally somewhere between 150 and 200x rent, with the higher desireability places going for closer to the top. Since 12x annual is pretty close to 150, I think you may be using a “rule of thumb” that is designed more for areas that aren’t “premium” (e.g. Mira Mesa, La Mesa, etc).

Be that as it may, housing prices to rent ratios in San Diego are still significantly out of whack. At the peak of the bubble, I would guess they were up at about 300x rent as a general rule. They’re falling now, but as has been noted all over the blog, they’re falling first from the outlying and inland areas, and the correction is slowly making its way to the coast. It’ll be quite awhile yet before we get back to normal historical ratios. I suspect the Pt. Loma area though will not likely dip too much below 200x rent – it’s very central, and very popular, though not quite as chic an address as La Jolla or Del Mar.

[SDEngineer]

The historical relation in San Diego normally quoted between rent and purchase cost is generally somewhere between 150 and 200x rent, with the higher desireability places going for closer to the top. Since 12x annual is pretty close to 150, I think you may be using a “rule of thumb” that is designed more for areas that aren’t “premium” (e.g. Mira Mesa, La Mesa, etc).

Be that as it may, housing prices to rent ratios in San Diego are still significantly out of whack. At the peak of the bubble, I would guess they were up at about 300x rent as a general rule. They’re falling now, but as has been noted all over the blog, they’re falling first from the outlying and inland areas, and the correction is slowly making its way to the coast. It’ll be quite awhile yet before we get back to normal historical ratios. I suspect the Pt. Loma area though will not likely dip too much below 200x rent – it’s very central, and very popular, though not quite as chic an address as La Jolla or Del Mar.

[SDEngineer]

The historical relation in San Diego normally quoted between rent and purchase cost is generally somewhere between 150 and 200x rent, with the higher desireability places going for closer to the top. Since 12x annual is pretty close to 150, I think you may be using a “rule of thumb” that is designed more for areas that aren’t “premium” (e.g. Mira Mesa, La Mesa, etc).

Be that as it may, housing prices to rent ratios in San Diego are still significantly out of whack. At the peak of the bubble, I would guess they were up at about 300x rent as a general rule. They’re falling now, but as has been noted all over the blog, they’re falling first from the outlying and inland areas, and the correction is slowly making its way to the coast. It’ll be quite awhile yet before we get back to normal historical ratios. I suspect the Pt. Loma area though will not likely dip too much below 200x rent – it’s very central, and very popular, though not quite as chic an address as La Jolla or Del Mar.

[SD Realtor]

Excellent answers from the above posters and I would agree with all of them. From my view I believe the demand for Pt Loma is stronger then Mission Hills. I think you will find Mission Hills depreciating quicker then Point Loma in the overall race down the hill. Point Loma is super sticky and has more demand overall then Mission Hills and I don’t see that changing.

SD Realtor

[mixxalot]

Why is Point Loma so expensive and popular?

I dont get it. I can see Del Mar or La Jolla being popular and expensive. Guess its the same reason why PB and OB are still expensive and not dropping yet.

[pemeliza]

“Why is Point Loma so expensive and popular?”

Best location and best views. Sunset or city take your pick.
Quiet if you have the $$$ to get far enough south.

For god sakes it is a peninsula. The whole place feels
exclusive and isolated yet you are a stones throw
from downtown.

[mixxalot]

Yeah but…

Only a small fraction of the homes in Point Loma, OB and PB actually have decent ocean views and such. I walked around Point Loma last night and yeah it is centrally located and such but only like 1/10 of the homes were half way decent and had views. The rest were blocked from any actual decent views.

SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.

Which gets me irked about it.

[pemeliza]

“SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.”

Or you can spend a million and just get the PL/OB
location (south of the flight path).

You can walk to the view or enjoy it on your way to work.

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

[Borat]

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

Most of us still aren’t making that kind of money. Has your salary gone up? How are your investments doing? For most of us the answers are “no” and “lousy”. I’m sure that there will be lots of buyers for those $1M houses though — just not anyone I know…

[mixxalot]

Delusions of grandeur

Among the rich is why these home prices are still high. The wealthy can lose money and wait any financial loss out it seems. If they have money to piss away they can bleed loss for a long time.

[pemeliza]

“Delusions of grandeur”

I don’t think this is the case. I think it is simply
supply and demand. The area is built out (unless we get
another base conversion).

First off, I have nothing to lose or gain by promoting
point loma real estate. I currently live outside San Diego
and will not move back until I see my price which is frankly
a good bit lower than what the market will currently bear.

I like others on this board think that coastal properties
will take a hit and I believe that from what I have observed, properties in PL/OB that I track are already quite
a bit off the peak.

My point was that relative to what you can get in Encinitas,
Del Mar, etc. South PL/OB real estate is fairly valued.
Now if all of the coast drops than I would certainly expect more drops in PL/OB as well.

BTW, there are some properties that are selling in 92106
and 92107 for WELL below list price. We are talking
low ball offers being accepted:

Example 1: 4455 Monaco St sold for 17% under list
Example 2: 873 Loma Valley Pl sold for 33% under list

The Loma valley place was mentioned in a different
thread. The house on Monaco IMHO is a very good location
and it went for under a million.

[jimcav]

i actually saw the loma valley house on zillow. I called arealtor who had lsitings in pt loma and was told it had a NOD and was a short sale to cover the note. maybe someone here has more details.

[SD Realtor]

There is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.

SD Realtor

[SD Realtor]

There is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.

SD Realtor

[SD Realtor]

There is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.

SD Realtor

[SD Realtor]

There is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.

SD Realtor

[SD Realtor]

There is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.

SD Realtor

[jimcav]

i actually saw the loma valley house on zillow. I called arealtor who had lsitings in pt loma and was told it had a NOD and was a short sale to cover the note. maybe someone here has more details.

[jimcav]

i actually saw the loma valley house on zillow. I called arealtor who had lsitings in pt loma and was told it had a NOD and was a short sale to cover the note. maybe someone here has more details.

[jimcav]

i actually saw the loma valley house on zillow. I called arealtor who had lsitings in pt loma and was told it had a NOD and was a short sale to cover the note. maybe someone here has more details.

[jimcav]

i actually saw the loma valley house on zillow. I called arealtor who had lsitings in pt loma and was told it had a NOD and was a short sale to cover the note. maybe someone here has more details.

[pemeliza]

“Delusions of grandeur”

I don’t think this is the case. I think it is simply
supply and demand. The area is built out (unless we get
another base conversion).

First off, I have nothing to lose or gain by promoting
point loma real estate. I currently live outside San Diego
and will not move back until I see my price which is frankly
a good bit lower than what the market will currently bear.

I like others on this board think that coastal properties
will take a hit and I believe that from what I have observed, properties in PL/OB that I track are already quite
a bit off the peak.

My point was that relative to what you can get in Encinitas,
Del Mar, etc. South PL/OB real estate is fairly valued.
Now if all of the coast drops than I would certainly expect more drops in PL/OB as well.

BTW, there are some properties that are selling in 92106
and 92107 for WELL below list price. We are talking
low ball offers being accepted:

Example 1: 4455 Monaco St sold for 17% under list
Example 2: 873 Loma Valley Pl sold for 33% under list

The Loma valley place was mentioned in a different
thread. The house on Monaco IMHO is a very good location
and it went for under a million.

[pemeliza]

“Delusions of grandeur”

I don’t think this is the case. I think it is simply
supply and demand. The area is built out (unless we get
another base conversion).

First off, I have nothing to lose or gain by promoting
point loma real estate. I currently live outside San Diego
and will not move back until I see my price which is frankly
a good bit lower than what the market will currently bear.

I like others on this board think that coastal properties
will take a hit and I believe that from what I have observed, properties in PL/OB that I track are already quite
a bit off the peak.

My point was that relative to what you can get in Encinitas,
Del Mar, etc. South PL/OB real estate is fairly valued.
Now if all of the coast drops than I would certainly expect more drops in PL/OB as well.

BTW, there are some properties that are selling in 92106
and 92107 for WELL below list price. We are talking
low ball offers being accepted:

Example 1: 4455 Monaco St sold for 17% under list
Example 2: 873 Loma Valley Pl sold for 33% under list

The Loma valley place was mentioned in a different
thread. The house on Monaco IMHO is a very good location
and it went for under a million.

[pemeliza]

“Delusions of grandeur”

I don’t think this is the case. I think it is simply
supply and demand. The area is built out (unless we get
another base conversion).

First off, I have nothing to lose or gain by promoting
point loma real estate. I currently live outside San Diego
and will not move back until I see my price which is frankly
a good bit lower than what the market will currently bear.

I like others on this board think that coastal properties
will take a hit and I believe that from what I have observed, properties in PL/OB that I track are already quite
a bit off the peak.

My point was that relative to what you can get in Encinitas,
Del Mar, etc. South PL/OB real estate is fairly valued.
Now if all of the coast drops than I would certainly expect more drops in PL/OB as well.

BTW, there are some properties that are selling in 92106
and 92107 for WELL below list price. We are talking
low ball offers being accepted:

Example 1: 4455 Monaco St sold for 17% under list
Example 2: 873 Loma Valley Pl sold for 33% under list

The Loma valley place was mentioned in a different
thread. The house on Monaco IMHO is a very good location
and it went for under a million.

[pemeliza]

“Delusions of grandeur”

I don’t think this is the case. I think it is simply
supply and demand. The area is built out (unless we get
another base conversion).

First off, I have nothing to lose or gain by promoting
point loma real estate. I currently live outside San Diego
and will not move back until I see my price which is frankly
a good bit lower than what the market will currently bear.

I like others on this board think that coastal properties
will take a hit and I believe that from what I have observed, properties in PL/OB that I track are already quite
a bit off the peak.

My point was that relative to what you can get in Encinitas,
Del Mar, etc. South PL/OB real estate is fairly valued.
Now if all of the coast drops than I would certainly expect more drops in PL/OB as well.

BTW, there are some properties that are selling in 92106
and 92107 for WELL below list price. We are talking
low ball offers being accepted:

Example 1: 4455 Monaco St sold for 17% under list
Example 2: 873 Loma Valley Pl sold for 33% under list

The Loma valley place was mentioned in a different
thread. The house on Monaco IMHO is a very good location
and it went for under a million.

[mixxalot]

Delusions of grandeur

Among the rich is why these home prices are still high. The wealthy can lose money and wait any financial loss out it seems. If they have money to piss away they can bleed loss for a long time.

[mixxalot]

Delusions of grandeur

Among the rich is why these home prices are still high. The wealthy can lose money and wait any financial loss out it seems. If they have money to piss away they can bleed loss for a long time.

[mixxalot]

Delusions of grandeur

Among the rich is why these home prices are still high. The wealthy can lose money and wait any financial loss out it seems. If they have money to piss away they can bleed loss for a long time.

[mixxalot]

Delusions of grandeur

Among the rich is why these home prices are still high. The wealthy can lose money and wait any financial loss out it seems. If they have money to piss away they can bleed loss for a long time.

[Borat]

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

Most of us still aren’t making that kind of money. Has your salary gone up? How are your investments doing? For most of us the answers are “no” and “lousy”. I’m sure that there will be lots of buyers for those $1M houses though — just not anyone I know…

[Borat]

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

Most of us still aren’t making that kind of money. Has your salary gone up? How are your investments doing? For most of us the answers are “no” and “lousy”. I’m sure that there will be lots of buyers for those $1M houses though — just not anyone I know…

[Borat]

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

Most of us still aren’t making that kind of money. Has your salary gone up? How are your investments doing? For most of us the answers are “no” and “lousy”. I’m sure that there will be lots of buyers for those $1M houses though — just not anyone I know…

[Borat]

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

Most of us still aren’t making that kind of money. Has your salary gone up? How are your investments doing? For most of us the answers are “no” and “lousy”. I’m sure that there will be lots of buyers for those $1M houses though — just not anyone I know…

[pemeliza]

“SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.”

Or you can spend a million and just get the PL/OB
location (south of the flight path).

You can walk to the view or enjoy it on your way to work.

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

[pemeliza]

“SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.”

Or you can spend a million and just get the PL/OB
location (south of the flight path).

You can walk to the view or enjoy it on your way to work.

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

[pemeliza]

“SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.”

Or you can spend a million and just get the PL/OB
location (south of the flight path).

You can walk to the view or enjoy it on your way to work.

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

[pemeliza]

“SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.”

Or you can spend a million and just get the PL/OB
location (south of the flight path).

You can walk to the view or enjoy it on your way to work.

Not bad when you consider what everything else coastal
costs these days. A million isn’t what it used to be.

[mixxalot]

Yeah but…

Only a small fraction of the homes in Point Loma, OB and PB actually have decent ocean views and such. I walked around Point Loma last night and yeah it is centrally located and such but only like 1/10 of the homes were half way decent and had views. The rest were blocked from any actual decent views.

SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.

Which gets me irked about it.

[mixxalot]

Yeah but…

Only a small fraction of the homes in Point Loma, OB and PB actually have decent ocean views and such. I walked around Point Loma last night and yeah it is centrally located and such but only like 1/10 of the homes were half way decent and had views. The rest were blocked from any actual decent views.

SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.

Which gets me irked about it.

[mixxalot]

Yeah but…

Only a small fraction of the homes in Point Loma, OB and PB actually have decent ocean views and such. I walked around Point Loma last night and yeah it is centrally located and such but only like 1/10 of the homes were half way decent and had views. The rest were blocked from any actual decent views.

SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.

Which gets me irked about it.

[mixxalot]

Yeah but…

Only a small fraction of the homes in Point Loma, OB and PB actually have decent ocean views and such. I walked around Point Loma last night and yeah it is centrally located and such but only like 1/10 of the homes were half way decent and had views. The rest were blocked from any actual decent views.

SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.

Which gets me irked about it.

[pemeliza]

“Why is Point Loma so expensive and popular?”

Best location and best views. Sunset or city take your pick.
Quiet if you have the $$$ to get far enough south.

For god sakes it is a peninsula. The whole place feels
exclusive and isolated yet you are a stones throw
from downtown.

[pemeliza]

“Why is Point Loma so expensive and popular?”

Best location and best views. Sunset or city take your pick.
Quiet if you have the $$$ to get far enough south.

For god sakes it is a peninsula. The whole place feels
exclusive and isolated yet you are a stones throw
from downtown.

[pemeliza]

“Why is Point Loma so expensive and popular?”

Best location and best views. Sunset or city take your pick.
Quiet if you have the $$$ to get far enough south.

For god sakes it is a peninsula. The whole place feels
exclusive and isolated yet you are a stones throw
from downtown.

[pemeliza]

“Why is Point Loma so expensive and popular?”

Best location and best views. Sunset or city take your pick.
Quiet if you have the $$$ to get far enough south.

For god sakes it is a peninsula. The whole place feels
exclusive and isolated yet you are a stones throw
from downtown.

[mixxalot]

Why is Point Loma so expensive and popular?

I dont get it. I can see Del Mar or La Jolla being popular and expensive. Guess its the same reason why PB and OB are still expensive and not dropping yet.

[mixxalot]

Why is Point Loma so expensive and popular?

I dont get it. I can see Del Mar or La Jolla being popular and expensive. Guess its the same reason why PB and OB are still expensive and not dropping yet.

[mixxalot]

Why is Point Loma so expensive and popular?

I dont get it. I can see Del Mar or La Jolla being popular and expensive. Guess its the same reason why PB and OB are still expensive and not dropping yet.

[mixxalot]

Why is Point Loma so expensive and popular?

I dont get it. I can see Del Mar or La Jolla being popular and expensive. Guess its the same reason why PB and OB are still expensive and not dropping yet.

[SD Realtor]

Excellent answers from the above posters and I would agree with all of them. From my view I believe the demand for Pt Loma is stronger then Mission Hills. I think you will find Mission Hills depreciating quicker then Point Loma in the overall race down the hill. Point Loma is super sticky and has more demand overall then Mission Hills and I don’t see that changing.

SD Realtor

[SD Realtor]

Excellent answers from the above posters and I would agree with all of them. From my view I believe the demand for Pt Loma is stronger then Mission Hills. I think you will find Mission Hills depreciating quicker then Point Loma in the overall race down the hill. Point Loma is super sticky and has more demand overall then Mission Hills and I don’t see that changing.

SD Realtor

[SD Realtor]

Excellent answers from the above posters and I would agree with all of them. From my view I believe the demand for Pt Loma is stronger then Mission Hills. I think you will find Mission Hills depreciating quicker then Point Loma in the overall race down the hill. Point Loma is super sticky and has more demand overall then Mission Hills and I don’t see that changing.

SD Realtor

[SD Realtor]

Excellent answers from the above posters and I would agree with all of them. From my view I believe the demand for Pt Loma is stronger then Mission Hills. I think you will find Mission Hills depreciating quicker then Point Loma in the overall race down the hill. Point Loma is super sticky and has more demand overall then Mission Hills and I don’t see that changing.

SD Realtor

[Author]

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