I’m officially a knifecatcher

[bearishgurl]

[quote=deadzone]Wow, $114 per square foot? I know Mt Helix area isn’t so trendy anymore but I would think it is still somewhat desirable. That is crazy cheap. Any reason to think those prices don’t portend bigger drops in the future for desirable coastal areas?[/quote]

I don’t think so, deadzone. I haven’t checked, but would surmise the second one likely has no access to city sewer (on septic) and the first one may not either. A/C is also needed there 4-6 mos per year. LM is a completely “different world” than Sunset Cliffs or LJ. They are “apples and oranges.” Not “worse” to live in, just “different.”

I think the lower asking prices up there are just a function of a current predominately younger buying demographic that doesn’t appreciate custom builds and large lots as well as a LOT of current inventory in the county to choose from in that price range. I think Mt. Helix is pretty convenient to everything and is country in the middle of the city but it IS mostly technically “urban,” esp on the west side.

I love the privacy in that area and the westerly-facing properties DO have Mission Bay and ocean views. In spite of the above drawbacks, both properties are VERY appealing to me, the first much moreso.

If you are able to make an offer, deadzone, you should! It’s your “chance of a lifetime” to possibly obtain a property you will probably die in :=}

[jstoesz]

I agree, those houses ARE cheap! (That is why I was looking at MT. Helix). I didn’t think I would ever say that about SD real estate…

[jstoesz]

I agree, those houses ARE cheap! (That is why I was looking at MT. Helix). I didn’t think I would ever say that about SD real estate…

[jstoesz]

I agree, those houses ARE cheap! (That is why I was looking at MT. Helix). I didn’t think I would ever say that about SD real estate…

[jstoesz]

I agree, those houses ARE cheap! (That is why I was looking at MT. Helix). I didn’t think I would ever say that about SD real estate…

[jstoesz]

I agree, those houses ARE cheap! (That is why I was looking at MT. Helix). I didn’t think I would ever say that about SD real estate…

[CA renter]

[quote=jeeman] As someone said earlier, the debasing of our money is the only way that our current government is pursuing economic “growth”.

You and I both will want to be in real estate when inflation starts to hit big time. In fact, inflation is hitting many countries abroad, since they are all pegged to the dollar. If the IMF forces the world onto another currency or metal, we will face massive inflation. You’ll be glad that you bought *anything*.[/quote]

Yep!

[CA renter]

[quote=jeeman] As someone said earlier, the debasing of our money is the only way that our current government is pursuing economic “growth”.

You and I both will want to be in real estate when inflation starts to hit big time. In fact, inflation is hitting many countries abroad, since they are all pegged to the dollar. If the IMF forces the world onto another currency or metal, we will face massive inflation. You’ll be glad that you bought *anything*.[/quote]

Yep!

[CA renter]

[quote=jeeman] As someone said earlier, the debasing of our money is the only way that our current government is pursuing economic “growth”.

You and I both will want to be in real estate when inflation starts to hit big time. In fact, inflation is hitting many countries abroad, since they are all pegged to the dollar. If the IMF forces the world onto another currency or metal, we will face massive inflation. You’ll be glad that you bought *anything*.[/quote]

Yep!

[CA renter]

[quote=jeeman] As someone said earlier, the debasing of our money is the only way that our current government is pursuing economic “growth”.

You and I both will want to be in real estate when inflation starts to hit big time. In fact, inflation is hitting many countries abroad, since they are all pegged to the dollar. If the IMF forces the world onto another currency or metal, we will face massive inflation. You’ll be glad that you bought *anything*.[/quote]

Yep!

[CA renter]

[quote=jeeman] As someone said earlier, the debasing of our money is the only way that our current government is pursuing economic “growth”.

You and I both will want to be in real estate when inflation starts to hit big time. In fact, inflation is hitting many countries abroad, since they are all pegged to the dollar. If the IMF forces the world onto another currency or metal, we will face massive inflation. You’ll be glad that you bought *anything*.[/quote]

Yep!

[CA renter]

[quote=pemeliza]Nice post xboxboy. We bought in late 09 and while I have not seen a house come up in our area (Mission Hills) that made me wish we would have waited, I have seen a few come up in some of the other areas we looked at that make me very glad that we didn’t buy there. Here are some examples in Mt. Helix that blow away anything we looked at there a couple of years ago at similar price points:

http://www.sdlookup.com/MLS-110006266-9565_Alto_Dr_La_Mesa_CA_91941

http://www.sdlookup.com/MLS-100073352-4825_Mount_Helix_La_Mesa_CA_91941

I feel like we really dodged a bullet by not buying in Mt. Helix back in 2009. That market has just completely derailed since the time we were looking.[/quote]

Wow, nice homes!

[CA renter]

[quote=pemeliza]Nice post xboxboy. We bought in late 09 and while I have not seen a house come up in our area (Mission Hills) that made me wish we would have waited, I have seen a few come up in some of the other areas we looked at that make me very glad that we didn’t buy there. Here are some examples in Mt. Helix that blow away anything we looked at there a couple of years ago at similar price points:

http://www.sdlookup.com/MLS-110006266-9565_Alto_Dr_La_Mesa_CA_91941

http://www.sdlookup.com/MLS-100073352-4825_Mount_Helix_La_Mesa_CA_91941

I feel like we really dodged a bullet by not buying in Mt. Helix back in 2009. That market has just completely derailed since the time we were looking.[/quote]

Wow, nice homes!

[CA renter]

[quote=pemeliza]Nice post xboxboy. We bought in late 09 and while I have not seen a house come up in our area (Mission Hills) that made me wish we would have waited, I have seen a few come up in some of the other areas we looked at that make me very glad that we didn’t buy there. Here are some examples in Mt. Helix that blow away anything we looked at there a couple of years ago at similar price points:

http://www.sdlookup.com/MLS-110006266-9565_Alto_Dr_La_Mesa_CA_91941

http://www.sdlookup.com/MLS-100073352-4825_Mount_Helix_La_Mesa_CA_91941

I feel like we really dodged a bullet by not buying in Mt. Helix back in 2009. That market has just completely derailed since the time we were looking.[/quote]

Wow, nice homes!

[CA renter]

[quote=pemeliza]Nice post xboxboy. We bought in late 09 and while I have not seen a house come up in our area (Mission Hills) that made me wish we would have waited, I have seen a few come up in some of the other areas we looked at that make me very glad that we didn’t buy there. Here are some examples in Mt. Helix that blow away anything we looked at there a couple of years ago at similar price points:

http://www.sdlookup.com/MLS-110006266-9565_Alto_Dr_La_Mesa_CA_91941

http://www.sdlookup.com/MLS-100073352-4825_Mount_Helix_La_Mesa_CA_91941

I feel like we really dodged a bullet by not buying in Mt. Helix back in 2009. That market has just completely derailed since the time we were looking.[/quote]

Wow, nice homes!

[Author]

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