Home › Forums › Closed Forums › Properties or Areas › How is Chula Vista as a place to live? Why such massive drop in price?
- This topic has 26 replies, 10 voices, and was last updated 12 years, 5 months ago by
sdrealtor.
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December 4, 2011 at 12:34 PM #733994December 4, 2011 at 12:37 PM #733995
bearishgurl
Participant[quote=ocrenter] . . . We do not live there. And we are still $200k above water from my purchase price in late 2008.[/quote]
Congratulations, ocrenter! You learn well from your experiences. Lots of people don’t.
December 4, 2011 at 1:40 PM #734001sdrealtor
Participant[quote=bearishgurl][quote=sdrealtor]or because the top brass couldnt bear to work in that environment on a daily basis and they chose to work closer to where they wanted to live.[/quote]
They were there for 32 years, lol . . .[/quote]
Its amazing it took them that long to get outta that hellhole
December 4, 2011 at 1:42 PM #734002Participant[quote=ocrenter][quote=bearishgurl][quote=ocrenter][quote=sdrealtor]To answer the OP question….it sucks[/quote]
Oh boy, look for a 3 page rebuttal complete with bolded paragraphs for emphasis from the resident Chula Vista booster upcoming.[/quote]
Nah, I don’t need to. I just consider the source and realize its coming from complete ignorance.
Don’t you reside in “4-closure Ranch,” ocrenter? I’m waiting to see a thread started by a 4-closure Ranch resident polling their “neighbor Piggs” on amounts of home equity each currently has (or “negative equity,” as the case may be), or comparing brands of sheets in their windows :=0
Oh, well, you know what they say . . . if you’re underwater and you know you’re gonna be there for awhile, take swimming lessons … or get a snorkel!![/quote]
Already told you several times I rented there, liked it quite a bit when we rented there. Our rental got foreclosed and that was when I was starting my blog and I coined “4-closure ranch”. We have a lot of friends and co-worker living there. There are underwater folks to be sure, but it is still a very nice place to live and visit.
We do not live there. And we are still $200k above water from my purchase price in late 2008.[/quote]
ocr
Not to change the subject but do you remember when you bought and I told you your deal was a likely bottom for what you got and would be hard to replicate. At the time you disagreed but in hindsight what do you think now?December 4, 2011 at 2:21 PM #734004ocrenter
Participant[quote=sdrealtor][quote=ocrenter][quote=bearishgurl][quote=ocrenter][quote=sdrealtor]To answer the OP question….it sucks[/quote]
Oh boy, look for a 3 page rebuttal complete with bolded paragraphs for emphasis from the resident Chula Vista booster upcoming.[/quote]
Nah, I don’t need to. I just consider the source and realize its coming from complete ignorance.
Don’t you reside in “4-closure Ranch,” ocrenter? I’m waiting to see a thread started by a 4-closure Ranch resident polling their “neighbor Piggs” on amounts of home equity each currently has (or “negative equity,” as the case may be), or comparing brands of sheets in their windows :=0
Oh, well, you know what they say . . . if you’re underwater and you know you’re gonna be there for awhile, take swimming lessons … or get a snorkel!![/quote]
Already told you several times I rented there, liked it quite a bit when we rented there. Our rental got foreclosed and that was when I was starting my blog and I coined “4-closure ranch”. We have a lot of friends and co-worker living there. There are underwater folks to be sure, but it is still a very nice place to live and visit.
We do not live there. And we are still $200k above water from my purchase price in late 2008.[/quote]
ocr
Not to change the subject but do you remember when you bought and I told you your deal was a likely bottom for what you got and would be hard to replicate. At the time you disagreed but in hindsight what do you think now?[/quote]We actually did jump in with the idea that maybe we might be going in 10% above the bottom but figured that extra 10% was not worth the extra waiting time. That extra 10% drop we expected never came.
December 4, 2011 at 2:22 PM #734005ParticipantNot only that but you got something special that hasnt and wont be available again. Great job!!
December 5, 2011 at 12:32 PM #734068SoCal79
ParticipantI usually don’t post but here’s the answer to your question:
As already stated, Chula Vista is a large city. Just like Scripps Ranch is different from Southeast San Diego, Eastlake is different from Downtown Chula Vista. Unfortunately, the news often fails to distinguish this.
I’ve lived throughout San Diego County since 1979, including northern Rancho Bernardo, coastal La Jolla, central Mission Valley, and southern Eastlake (since 2009). To me, Chula Vista is the best bargain for families as long as your work is not too far away.
In general, the schools and crime rate are better east of 805. The low crime rate in Eastlake, for example, is similar to Scripps Ranch, Poway, and La Jolla. The schools for Eastlake are also decent; however, English test scores are a step below compared to the North County schools…understandable with more students speaking other languages at home.
Just like in San Marcos, the biggest reason in the drop in prices has to do with the fact many of the homes were built during the housing boom and financed with risky loans. Luckily prices have stabilized since late 2008/ early 2009.
Despite what many people think, I have not seen any drug dealers or illegal immigrants running from the border patrol. Locationwise, Chula Vista has plenty of parks and stores and is within a short drive to the beach, downtown, and Balboa Park. We certainly could have afforded to pay more to live elsewhere but it didn’t make sense to spend 30-40% more for older smaller homes further away from our work.
December 5, 2011 at 12:46 PM #734071ParticipantThanks for your post, SoCal79. It’s refreshing to see a critique here of South County from someone who lives here. The vast majority on this board are biased to North County, for whatever reason and talk nonsense about South County when most have never even exited a fwy ramp in South County, lol …
I wanted to add that you are correct in that there has been a lot of price reduction of late in those parts of Chula Vista which were first sold as new construction during the “millenium boom” (2003 thru 2007). This is not only the case with South County newer developments but those in “North City” and North County as well.
I also wanted to add that there are several very nice neighborhoods (even exclusive) in much older areas of South County such as Bonita (91902) and Chula Vista 91910/91911 (located west of I-805). Unlike Eastlake, most of these properties have very ample lots. The crime rate is NOT higher than “Eastlake” in these areas. In fact, the Eastlake area has had issues with robbery of ATM users in recent years. Otay Ranch has had several REO’s broken into, thrashed and occupied by squatters in recent years. NO AREA is immune from crime (including the most expensive areas).
The elementary schools in the older areas mentioned above are excellent! The middle and high schools are good as well. Bonita Vista High School (roughly 40 yrs old) is the top-scoring HS in the SUHSD on standardized tests and made the top 12 HS list in the county for the 10/11 school year, surpassing many of the (North City/County) HS’s whose attendance areas are routinely coveted on this forum!
December 5, 2011 at 2:50 PM #734079ParticipantBuckle yourselves in for the Battle Royale of Chula Vista. First Round…..the raw newcomer Eastlake/Otay taking on the cagey oldtimer East Chula Vista/Bonita. The newcomer looks to have some real punch punch and quickness but I predict the oldtimer will wear him out with endless prose and scattered BOLD words. Let the battle begin!!!
December 5, 2011 at 4:07 PM #734087ParticipantNo need to get into an argument over which neighborhood is better. I was just talking about Eastlake since I live there now but Bonita and Eastlake were probably our top two choices when we were looking at places but we also liked Scripps Ranch, Del Cerro/ San Carlos, and Mount Helix in La Mesa. Ultimately, everyone has to figure how much they want to spend, how much they want to fix up a place, and how far they want to travel to work. My main point was that most of Chula Vista is relatively safe and has decent schools compared to the rest of San Diego County.
December 5, 2011 at 4:20 PM #734092Participant[quote=SoCal79]No need to get into an argument over which neighborhood is better. I was just talking about Eastlake since I live there now but Bonita and Eastlake were probably our top two choices when we were looking at places but we also liked Scripps Ranch, Del Cerro/ San Carlos, and Mount Helix in La Mesa. Ultimately, everyone has to figure how much they want to spend, how much they want to fix up a place, and how far they want to travel to work. My main point was that most of Chula Vista is relatively safe and has decent schools compared to the rest of San Diego County.[/quote]
Agreed. I don’t sit here and argue the virtues of my area like other Piggs habitually do because not only do the facts speak for themselves, I think it’s crowded enough already around here :=]
SoCal79, as you can see from just this ONE thread, sdrealtor is one Pigg who is crude and rude. Pay him no mind. He’ll sit and stump all day on how bad South County is (while he’s “presumably” making a killing as a “realtor,” lol) working “short sales” up in gridlocked Nirvana (where all the beautiful people live). Unfortunately, many of those “beautiful people” up there apparently can’t make their house payments anymore. And there’s another small problem with his constant trolling and stumping behind me. What he knows about South County would fit into the bottom of a thimble ;=}
December 5, 2011 at 4:41 PM #734093ParticipantLet’s call it a draw!!!!
– The Black Knight
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