Home › Forums › Closed Forums › Buying and Selling RE › Higher End Declines?
- This topic has 150 replies, 16 voices, and was last updated 16 years, 12 months ago by sdrealtor.
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December 31, 2007 at 10:27 AM #127055December 31, 2007 at 12:08 PM #126877San Diego NativeParticipant
As mentioned in my previous post, the answer to your question, “PF” is that, “yes,” you will be able to find a fantastic home in the $1.5-$2.5MM range in San Diego county, and “yes” you will get more for your money by waiting a little longer–how much longer, well???
We got into a huge home in La Jolla for the low six figures, pre-boom, and I doubt if it will drop that far again–but you never know. It doesn’t matter to us, because, as other posters have mentioned, we live here because it’s the lifestyle that we love. Our kids will soon graduate from high school, and have grown up to be great human beings.
You’ll just have to monitor the specific area of town you are interested in based on many personal factors, and watch for the “great deal” you are looking for.
December 31, 2007 at 12:08 PM #127038San Diego NativeParticipantAs mentioned in my previous post, the answer to your question, “PF” is that, “yes,” you will be able to find a fantastic home in the $1.5-$2.5MM range in San Diego county, and “yes” you will get more for your money by waiting a little longer–how much longer, well???
We got into a huge home in La Jolla for the low six figures, pre-boom, and I doubt if it will drop that far again–but you never know. It doesn’t matter to us, because, as other posters have mentioned, we live here because it’s the lifestyle that we love. Our kids will soon graduate from high school, and have grown up to be great human beings.
You’ll just have to monitor the specific area of town you are interested in based on many personal factors, and watch for the “great deal” you are looking for.
December 31, 2007 at 12:08 PM #127048San Diego NativeParticipantAs mentioned in my previous post, the answer to your question, “PF” is that, “yes,” you will be able to find a fantastic home in the $1.5-$2.5MM range in San Diego county, and “yes” you will get more for your money by waiting a little longer–how much longer, well???
We got into a huge home in La Jolla for the low six figures, pre-boom, and I doubt if it will drop that far again–but you never know. It doesn’t matter to us, because, as other posters have mentioned, we live here because it’s the lifestyle that we love. Our kids will soon graduate from high school, and have grown up to be great human beings.
You’ll just have to monitor the specific area of town you are interested in based on many personal factors, and watch for the “great deal” you are looking for.
December 31, 2007 at 12:08 PM #127115San Diego NativeParticipantAs mentioned in my previous post, the answer to your question, “PF” is that, “yes,” you will be able to find a fantastic home in the $1.5-$2.5MM range in San Diego county, and “yes” you will get more for your money by waiting a little longer–how much longer, well???
We got into a huge home in La Jolla for the low six figures, pre-boom, and I doubt if it will drop that far again–but you never know. It doesn’t matter to us, because, as other posters have mentioned, we live here because it’s the lifestyle that we love. Our kids will soon graduate from high school, and have grown up to be great human beings.
You’ll just have to monitor the specific area of town you are interested in based on many personal factors, and watch for the “great deal” you are looking for.
December 31, 2007 at 12:08 PM #127139San Diego NativeParticipantAs mentioned in my previous post, the answer to your question, “PF” is that, “yes,” you will be able to find a fantastic home in the $1.5-$2.5MM range in San Diego county, and “yes” you will get more for your money by waiting a little longer–how much longer, well???
We got into a huge home in La Jolla for the low six figures, pre-boom, and I doubt if it will drop that far again–but you never know. It doesn’t matter to us, because, as other posters have mentioned, we live here because it’s the lifestyle that we love. Our kids will soon graduate from high school, and have grown up to be great human beings.
You’ll just have to monitor the specific area of town you are interested in based on many personal factors, and watch for the “great deal” you are looking for.
December 31, 2007 at 7:33 PM #127081cyphireParticipantThats my problem exactly, with a kid starting middle school and one starting high school, I want them to have a great childhood before they leave to go off on their own. I will pay cash for a house which would probably cost 4M in La Jolla or 2.8 in Carmel Valley, but it’s in a neighborhood and if it declines, it will go from 750K to 550K…. While the 2.8M in Carmel Valley will go to 2M… or lower… The house is basically at about 110$ / sq. ft. with finishes which would be astronomical in So. Cal.
I will probably buy a 2 bedroom condo in San Diego (downtown) in a few years if prices do what I think they will do and get the best of both worlds… When the kids leave in 7 years, I will have the condo to live in, and the home in Wisconsin for family and friends…
I still have other family in the OC so I will be back and forth anyway.
One last thing to mention…
Here in Madison, the upper end is dying. We went into an 800K house which hadn’t been shown in 4 months. A homeless person was sleeping in the laundry room. Scary. This house was for sale at over 1.2M, and is now at 800K… I am going to offer 725K-740K. I couldn’t buy a decent house in Carmel valley for that, and the CV houses which are 1M or 1.1M will be down to that in 2-3 years and I can’t freeze my family.
December 31, 2007 at 7:33 PM #127243cyphireParticipantThats my problem exactly, with a kid starting middle school and one starting high school, I want them to have a great childhood before they leave to go off on their own. I will pay cash for a house which would probably cost 4M in La Jolla or 2.8 in Carmel Valley, but it’s in a neighborhood and if it declines, it will go from 750K to 550K…. While the 2.8M in Carmel Valley will go to 2M… or lower… The house is basically at about 110$ / sq. ft. with finishes which would be astronomical in So. Cal.
I will probably buy a 2 bedroom condo in San Diego (downtown) in a few years if prices do what I think they will do and get the best of both worlds… When the kids leave in 7 years, I will have the condo to live in, and the home in Wisconsin for family and friends…
I still have other family in the OC so I will be back and forth anyway.
One last thing to mention…
Here in Madison, the upper end is dying. We went into an 800K house which hadn’t been shown in 4 months. A homeless person was sleeping in the laundry room. Scary. This house was for sale at over 1.2M, and is now at 800K… I am going to offer 725K-740K. I couldn’t buy a decent house in Carmel valley for that, and the CV houses which are 1M or 1.1M will be down to that in 2-3 years and I can’t freeze my family.
December 31, 2007 at 7:33 PM #127251cyphireParticipantThats my problem exactly, with a kid starting middle school and one starting high school, I want them to have a great childhood before they leave to go off on their own. I will pay cash for a house which would probably cost 4M in La Jolla or 2.8 in Carmel Valley, but it’s in a neighborhood and if it declines, it will go from 750K to 550K…. While the 2.8M in Carmel Valley will go to 2M… or lower… The house is basically at about 110$ / sq. ft. with finishes which would be astronomical in So. Cal.
I will probably buy a 2 bedroom condo in San Diego (downtown) in a few years if prices do what I think they will do and get the best of both worlds… When the kids leave in 7 years, I will have the condo to live in, and the home in Wisconsin for family and friends…
I still have other family in the OC so I will be back and forth anyway.
One last thing to mention…
Here in Madison, the upper end is dying. We went into an 800K house which hadn’t been shown in 4 months. A homeless person was sleeping in the laundry room. Scary. This house was for sale at over 1.2M, and is now at 800K… I am going to offer 725K-740K. I couldn’t buy a decent house in Carmel valley for that, and the CV houses which are 1M or 1.1M will be down to that in 2-3 years and I can’t freeze my family.
December 31, 2007 at 7:33 PM #127320cyphireParticipantThats my problem exactly, with a kid starting middle school and one starting high school, I want them to have a great childhood before they leave to go off on their own. I will pay cash for a house which would probably cost 4M in La Jolla or 2.8 in Carmel Valley, but it’s in a neighborhood and if it declines, it will go from 750K to 550K…. While the 2.8M in Carmel Valley will go to 2M… or lower… The house is basically at about 110$ / sq. ft. with finishes which would be astronomical in So. Cal.
I will probably buy a 2 bedroom condo in San Diego (downtown) in a few years if prices do what I think they will do and get the best of both worlds… When the kids leave in 7 years, I will have the condo to live in, and the home in Wisconsin for family and friends…
I still have other family in the OC so I will be back and forth anyway.
One last thing to mention…
Here in Madison, the upper end is dying. We went into an 800K house which hadn’t been shown in 4 months. A homeless person was sleeping in the laundry room. Scary. This house was for sale at over 1.2M, and is now at 800K… I am going to offer 725K-740K. I couldn’t buy a decent house in Carmel valley for that, and the CV houses which are 1M or 1.1M will be down to that in 2-3 years and I can’t freeze my family.
December 31, 2007 at 7:33 PM #127344cyphireParticipantThats my problem exactly, with a kid starting middle school and one starting high school, I want them to have a great childhood before they leave to go off on their own. I will pay cash for a house which would probably cost 4M in La Jolla or 2.8 in Carmel Valley, but it’s in a neighborhood and if it declines, it will go from 750K to 550K…. While the 2.8M in Carmel Valley will go to 2M… or lower… The house is basically at about 110$ / sq. ft. with finishes which would be astronomical in So. Cal.
I will probably buy a 2 bedroom condo in San Diego (downtown) in a few years if prices do what I think they will do and get the best of both worlds… When the kids leave in 7 years, I will have the condo to live in, and the home in Wisconsin for family and friends…
I still have other family in the OC so I will be back and forth anyway.
One last thing to mention…
Here in Madison, the upper end is dying. We went into an 800K house which hadn’t been shown in 4 months. A homeless person was sleeping in the laundry room. Scary. This house was for sale at over 1.2M, and is now at 800K… I am going to offer 725K-740K. I couldn’t buy a decent house in Carmel valley for that, and the CV houses which are 1M or 1.1M will be down to that in 2-3 years and I can’t freeze my family.
December 31, 2007 at 9:52 PM #127108sdrealtorParticipantI dont understand the great childhood part/ You’ve taken them from NY to Carmel Valley to Olivenhain to La Jolla in the last several years and now you are looking for some stability in their childhood. Your kids have been in at least 4 different school systems already. Sorry but that train left the station long ago.
December 31, 2007 at 9:52 PM #127268sdrealtorParticipantI dont understand the great childhood part/ You’ve taken them from NY to Carmel Valley to Olivenhain to La Jolla in the last several years and now you are looking for some stability in their childhood. Your kids have been in at least 4 different school systems already. Sorry but that train left the station long ago.
December 31, 2007 at 9:52 PM #127278sdrealtorParticipantI dont understand the great childhood part/ You’ve taken them from NY to Carmel Valley to Olivenhain to La Jolla in the last several years and now you are looking for some stability in their childhood. Your kids have been in at least 4 different school systems already. Sorry but that train left the station long ago.
December 31, 2007 at 9:52 PM #127345sdrealtorParticipantI dont understand the great childhood part/ You’ve taken them from NY to Carmel Valley to Olivenhain to La Jolla in the last several years and now you are looking for some stability in their childhood. Your kids have been in at least 4 different school systems already. Sorry but that train left the station long ago.
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