I’m officially a knifecatcher

[bearishgurl]

[quote=researcher9]. . . At times, I do feel like that Carlsbad is missing on bigger white-collar “industries” … even though it is very well positioned and definitly has potential.[/quote]

The DEA and NTF moved into their nice bldg in Carlsbad after residing in National City for more than 30 years. They’re “white collar” . . . sorta.

[CA renter]

[quote=pemeliza]”Any reason to think those prices don’t portend bigger drops in the future for desirable coastal areas?”

DZ, you may be right but I tend to think it happens the other way around. Recent considerable weakness in the desirable coastal areas has pretty much decimated demand in second tier inland areas with less than stellar school districts such as Mt. Helix. Personally, I think that certain areas are going to drastically over-correct this downturn and Mt. Helix looks to be one of them.[/quote]

IMHO, you are both right. Drops in the higher end will cause drops in the lower end, and vice-versa, until the true, organic bottom is reached. At the very bottom of the cycle, we’ll likely see price compression, which usually marks the turning point in RE cycles. We are not there, yet.

[CA renter]

[quote=pemeliza]”Any reason to think those prices don’t portend bigger drops in the future for desirable coastal areas?”

DZ, you may be right but I tend to think it happens the other way around. Recent considerable weakness in the desirable coastal areas has pretty much decimated demand in second tier inland areas with less than stellar school districts such as Mt. Helix. Personally, I think that certain areas are going to drastically over-correct this downturn and Mt. Helix looks to be one of them.[/quote]

IMHO, you are both right. Drops in the higher end will cause drops in the lower end, and vice-versa, until the true, organic bottom is reached. At the very bottom of the cycle, we’ll likely see price compression, which usually marks the turning point in RE cycles. We are not there, yet.

[CA renter]

[quote=pemeliza]”Any reason to think those prices don’t portend bigger drops in the future for desirable coastal areas?”

DZ, you may be right but I tend to think it happens the other way around. Recent considerable weakness in the desirable coastal areas has pretty much decimated demand in second tier inland areas with less than stellar school districts such as Mt. Helix. Personally, I think that certain areas are going to drastically over-correct this downturn and Mt. Helix looks to be one of them.[/quote]

IMHO, you are both right. Drops in the higher end will cause drops in the lower end, and vice-versa, until the true, organic bottom is reached. At the very bottom of the cycle, we’ll likely see price compression, which usually marks the turning point in RE cycles. We are not there, yet.

[CA renter]

[quote=pemeliza]”Any reason to think those prices don’t portend bigger drops in the future for desirable coastal areas?”

DZ, you may be right but I tend to think it happens the other way around. Recent considerable weakness in the desirable coastal areas has pretty much decimated demand in second tier inland areas with less than stellar school districts such as Mt. Helix. Personally, I think that certain areas are going to drastically over-correct this downturn and Mt. Helix looks to be one of them.[/quote]

IMHO, you are both right. Drops in the higher end will cause drops in the lower end, and vice-versa, until the true, organic bottom is reached. At the very bottom of the cycle, we’ll likely see price compression, which usually marks the turning point in RE cycles. We are not there, yet.

[CA renter]

[quote=pemeliza]”Any reason to think those prices don’t portend bigger drops in the future for desirable coastal areas?”

DZ, you may be right but I tend to think it happens the other way around. Recent considerable weakness in the desirable coastal areas has pretty much decimated demand in second tier inland areas with less than stellar school districts such as Mt. Helix. Personally, I think that certain areas are going to drastically over-correct this downturn and Mt. Helix looks to be one of them.[/quote]

IMHO, you are both right. Drops in the higher end will cause drops in the lower end, and vice-versa, until the true, organic bottom is reached. At the very bottom of the cycle, we’ll likely see price compression, which usually marks the turning point in RE cycles. We are not there, yet.

[CA renter]

[quote=bearishgurl][quote=jpinpb]edna_mode, sent you a PM.

As far as the coast seeing some distress, I will add another property. JTR had is on his blog. 633 Rushville LP 659k. I’m thinking it’ll bid higher. In any case, no such list prices a year or two ago.[/quote]

Nice find for this convenient and prestigious location, jp!

I noted in the photos that the “American Standard” green or gray square sink set into a pink tile vanity, as well as same in white (set into a peach tile vanity) is alive and well in this mid-century charmer, lol :=)[/quote]

Another great find, jp! That would be very tempting (even if it is too small) if we didn’t have to commute to NCC.

[CA renter]

[quote=bearishgurl][quote=jpinpb]edna_mode, sent you a PM.

As far as the coast seeing some distress, I will add another property. JTR had is on his blog. 633 Rushville LP 659k. I’m thinking it’ll bid higher. In any case, no such list prices a year or two ago.[/quote]

Nice find for this convenient and prestigious location, jp!

I noted in the photos that the “American Standard” green or gray square sink set into a pink tile vanity, as well as same in white (set into a peach tile vanity) is alive and well in this mid-century charmer, lol :=)[/quote]

Another great find, jp! That would be very tempting (even if it is too small) if we didn’t have to commute to NCC.

[CA renter]

[quote=bearishgurl][quote=jpinpb]edna_mode, sent you a PM.

As far as the coast seeing some distress, I will add another property. JTR had is on his blog. 633 Rushville LP 659k. I’m thinking it’ll bid higher. In any case, no such list prices a year or two ago.[/quote]

Nice find for this convenient and prestigious location, jp!

I noted in the photos that the “American Standard” green or gray square sink set into a pink tile vanity, as well as same in white (set into a peach tile vanity) is alive and well in this mid-century charmer, lol :=)[/quote]

Another great find, jp! That would be very tempting (even if it is too small) if we didn’t have to commute to NCC.

[CA renter]

[quote=bearishgurl][quote=jpinpb]edna_mode, sent you a PM.

As far as the coast seeing some distress, I will add another property. JTR had is on his blog. 633 Rushville LP 659k. I’m thinking it’ll bid higher. In any case, no such list prices a year or two ago.[/quote]

Nice find for this convenient and prestigious location, jp!

I noted in the photos that the “American Standard” green or gray square sink set into a pink tile vanity, as well as same in white (set into a peach tile vanity) is alive and well in this mid-century charmer, lol :=)[/quote]

Another great find, jp! That would be very tempting (even if it is too small) if we didn’t have to commute to NCC.

[CA renter]

[quote=bearishgurl][quote=jpinpb]edna_mode, sent you a PM.

As far as the coast seeing some distress, I will add another property. JTR had is on his blog. 633 Rushville LP 659k. I’m thinking it’ll bid higher. In any case, no such list prices a year or two ago.[/quote]

Nice find for this convenient and prestigious location, jp!

I noted in the photos that the “American Standard” green or gray square sink set into a pink tile vanity, as well as same in white (set into a peach tile vanity) is alive and well in this mid-century charmer, lol :=)[/quote]

Another great find, jp! That would be very tempting (even if it is too small) if we didn’t have to commute to NCC.

[CA renter]

[quote=sdrealtor]Yes but dont forget the Butterfly theory that everything is interconnected. Eventually the young professional family targeting a nice home in a prime NCC neighborhood full of kids and with great schools will find the social isolation,non-access to beaches/quality restaurants/good shopping and less than stellar schools so compelling they will move to Mt Helix because of those low prices. It has to impact the Coast……it just has toooooo!!!

snark/[/quote]

Sdr,

You know that we love, love, love our home and neighborhood for all the reasons you’ve described — especially the “sociability” factor. We are very sociable people, and you’d be hard-pressed to find a neighborhood with as many people walking about with kids and dogs running around. We know all our neighbors, and are friends with many people for blocks around, and we LOVE it!

That being said, we almost made an offer on a house in an exceptionally nice neighborhood in Escondido a few days ago because the price was **below** its 2000 price, and far lower than anything comparable around here. As a matter of fact, they don’t even have properties and neighborhoods around here that are as nice as the one in Escondido — they simply don’t exist in NCC, unless you are paying well over $1MM. The lot was fantastic, with a great pool and still plenty of grass and patio area, and it had a great view of the surrounding hills and lake. Truly a stunning place, and the open house was PACKED, unlike the open houses we’ve seen in NCC recently.

Say what you will, but I think a lot of people are willing to move to a different area if it makes sense.

We backed out because of the commute and the house was just a bit too small, but I’m still leaning in that direction a bit, haven’t made my mind up for sure. It is sooooo tempting to pay less and still have a better house/lot in a very nice (even better!) neighborhood vs. overpay for a small tract home with a small yard and no views here in NCC. For those who work elsewhere and/or are willing to commute a bit, it’s a slam dunk, IMHO.

[CA renter]

[quote=sdrealtor]Yes but dont forget the Butterfly theory that everything is interconnected. Eventually the young professional family targeting a nice home in a prime NCC neighborhood full of kids and with great schools will find the social isolation,non-access to beaches/quality restaurants/good shopping and less than stellar schools so compelling they will move to Mt Helix because of those low prices. It has to impact the Coast……it just has toooooo!!!

snark/[/quote]

Sdr,

You know that we love, love, love our home and neighborhood for all the reasons you’ve described — especially the “sociability” factor. We are very sociable people, and you’d be hard-pressed to find a neighborhood with as many people walking about with kids and dogs running around. We know all our neighbors, and are friends with many people for blocks around, and we LOVE it!

That being said, we almost made an offer on a house in an exceptionally nice neighborhood in Escondido a few days ago because the price was **below** its 2000 price, and far lower than anything comparable around here. As a matter of fact, they don’t even have properties and neighborhoods around here that are as nice as the one in Escondido — they simply don’t exist in NCC, unless you are paying well over $1MM. The lot was fantastic, with a great pool and still plenty of grass and patio area, and it had a great view of the surrounding hills and lake. Truly a stunning place, and the open house was PACKED, unlike the open houses we’ve seen in NCC recently.

Say what you will, but I think a lot of people are willing to move to a different area if it makes sense.

We backed out because of the commute and the house was just a bit too small, but I’m still leaning in that direction a bit, haven’t made my mind up for sure. It is sooooo tempting to pay less and still have a better house/lot in a very nice (even better!) neighborhood vs. overpay for a small tract home with a small yard and no views here in NCC. For those who work elsewhere and/or are willing to commute a bit, it’s a slam dunk, IMHO.

[CA renter]

[quote=sdrealtor]Yes but dont forget the Butterfly theory that everything is interconnected. Eventually the young professional family targeting a nice home in a prime NCC neighborhood full of kids and with great schools will find the social isolation,non-access to beaches/quality restaurants/good shopping and less than stellar schools so compelling they will move to Mt Helix because of those low prices. It has to impact the Coast……it just has toooooo!!!

snark/[/quote]

Sdr,

You know that we love, love, love our home and neighborhood for all the reasons you’ve described — especially the “sociability” factor. We are very sociable people, and you’d be hard-pressed to find a neighborhood with as many people walking about with kids and dogs running around. We know all our neighbors, and are friends with many people for blocks around, and we LOVE it!

That being said, we almost made an offer on a house in an exceptionally nice neighborhood in Escondido a few days ago because the price was **below** its 2000 price, and far lower than anything comparable around here. As a matter of fact, they don’t even have properties and neighborhoods around here that are as nice as the one in Escondido — they simply don’t exist in NCC, unless you are paying well over $1MM. The lot was fantastic, with a great pool and still plenty of grass and patio area, and it had a great view of the surrounding hills and lake. Truly a stunning place, and the open house was PACKED, unlike the open houses we’ve seen in NCC recently.

Say what you will, but I think a lot of people are willing to move to a different area if it makes sense.

We backed out because of the commute and the house was just a bit too small, but I’m still leaning in that direction a bit, haven’t made my mind up for sure. It is sooooo tempting to pay less and still have a better house/lot in a very nice (even better!) neighborhood vs. overpay for a small tract home with a small yard and no views here in NCC. For those who work elsewhere and/or are willing to commute a bit, it’s a slam dunk, IMHO.

[CA renter]

[quote=sdrealtor]Yes but dont forget the Butterfly theory that everything is interconnected. Eventually the young professional family targeting a nice home in a prime NCC neighborhood full of kids and with great schools will find the social isolation,non-access to beaches/quality restaurants/good shopping and less than stellar schools so compelling they will move to Mt Helix because of those low prices. It has to impact the Coast……it just has toooooo!!!

snark/[/quote]

Sdr,

You know that we love, love, love our home and neighborhood for all the reasons you’ve described — especially the “sociability” factor. We are very sociable people, and you’d be hard-pressed to find a neighborhood with as many people walking about with kids and dogs running around. We know all our neighbors, and are friends with many people for blocks around, and we LOVE it!

That being said, we almost made an offer on a house in an exceptionally nice neighborhood in Escondido a few days ago because the price was **below** its 2000 price, and far lower than anything comparable around here. As a matter of fact, they don’t even have properties and neighborhoods around here that are as nice as the one in Escondido — they simply don’t exist in NCC, unless you are paying well over $1MM. The lot was fantastic, with a great pool and still plenty of grass and patio area, and it had a great view of the surrounding hills and lake. Truly a stunning place, and the open house was PACKED, unlike the open houses we’ve seen in NCC recently.

Say what you will, but I think a lot of people are willing to move to a different area if it makes sense.

We backed out because of the commute and the house was just a bit too small, but I’m still leaning in that direction a bit, haven’t made my mind up for sure. It is sooooo tempting to pay less and still have a better house/lot in a very nice (even better!) neighborhood vs. overpay for a small tract home with a small yard and no views here in NCC. For those who work elsewhere and/or are willing to commute a bit, it’s a slam dunk, IMHO.

[Author]

Posts