Interesting Oceanside price declines.

[GunDoctor]

Hello all,
1st time poster. You all have saved me a great deal of money as I have liberally used your charts, graphs and analysis to beat back my house hungry wife, but thats for another post.

I have been watching the Oceanside area because that is where I want to live..NO kidding. I will be working on base and to move further south would be an inconvience. I have been watching the prices since about September and I don’t know who keeps saying to pass the popcorn but this has to be one of the most entertaining / sickening things I have ever seen. A couple of houses recently caught my attention.

I am primarily looking for a 2000 SQFT house, newer would be nice. and I found these of note.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1107307

This caught my attention because it is a 2800+ house selling under 500K at 489K. There are at least two other houses in the same development…same street even, that are more expensive. 349 LA SOLEDAD WAY is the same type house and is selling for 550K. The other one is 386 LA SOLEDAD WAY it is a 2400 SQFT house selling for 499K. I don’t think that the neighbors are going to be happy but I think that its great….for me!

The other house of interest is

http://www.redfin.com/stingray/do/printable-listing?listing-id=1293315

I thought it interesting because it is a 2002 house over 2000 SQFT and it has just broken the 400K barrier at 399 much to the disappointment of nearby houses selling for about 50k more. Going under 400K has to be a big mental punch in the head for others who are trying to sell….it will be worse if it dose NOT sell. That would indicate that prices will have to go much lower. I am firmly on board that they will.

I will be moving back to San Diego this summer and have convinced my wife to at least wait until December of 08 before we buy. My real plan is to convince here to wait until Christmas of 09 but that will be another battle.

Thanks for you time
Gun

[Ex-SD]

You’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.

[Ex-SD]

You’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.

[Ex-SD]

You’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.

[Ex-SD]

You’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.

[Ex-SD]

You’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.

[Bugs]

The 92057 house may be closer to work but I don’t think those neighborhoods will hold their value as well as the Rancho Del Oro neighborhoods in the 92056 area. The older neighborhoods north of North River Road and west of Vandergrift are a hotbed of gang activity and that’s who your kids would be going to middle and high school with. Trust me – it’s not pretty.

The 92056 neighborhoods are closer to freeway access, easier to get in and out of for all your other life activities and in general will turn out to be quieter all around. In my opinion they should have never built move up and luxury homes anywhere in 92057.

I think if you can hold out until 2009 or later you’ll end up saving at least $150k in either of those neighborhoods.

[GunDoctor]

yeah,
I’m not keen on the back gate area either. That is why I am looking to be South of 76 and west of college if possible. The only other place I was looking at was the Valente development, but I seem to remember an airport close by…not sure. The prices there are going down quickly as well.
thanks for the info
Gun

[Anonymous]

Why not Bugs, should Oceanside only built shacks so it can remain the inferior city all of you love to tag it as.

One thing I don’t understand about the la di da’s that post here is, with about 150K or so citizens living in God forsaken Oceanside, happily, I might add, why don’t you just comment on the other fantastic cities you must own property in.

Gun, I’m a CPA and my husband is an engineer, big deal. We live near the 78 in Godforsaken Oceanside, in a lovely home. Our neighbors are great and the weather is the best in San Diego and we don’t stare at our neighbors Mcmansion out the back window. And, we actually own it. What a nice way to live. Be glad O’side is not as desirable, because it keeps it within your affordability range, and you can still go out to dinner once in awhile.

[GunDoctor]

easy realestatefan,
I happen to Love Oceanside and as I stated that is where I want to live. That back gate area dose have some problems and from what I have read the other posted are just pointing that area out…not the entire community.

What do you all think that prices will drop to by december of 08? I will have to do a price comparison vs renting before I buy. Once I buy I will stay for the next 10 years at least. I have moved so many times the I plan on staying put for awhile.
thanks
Gun
LOL

[Anonymous]

LOL Gun,

It sounds like you’re doing great research and price comparisons. You have until next Summer to get serious, by then, you will be the “neighborhood expert” on prices in the various areas you are watching, and you will know the best values at that time.

Good luck.

[Bugs]

realestatefan,

I think you have me all wrong. I don’t “like” or “dislike” any areas. Each area is what it is, and frankly as a professional appraiser I have no problems acknowledging that every purchase decision involves compromises. I don’t get emotional about how other people choose to live or the decisions they make. I just observe and report.

FTR, I live in the 92008 zip area but it’s about as close to the 78 corridor as you can get and 90% of the time when I surf it’s in Oceanside. If I didn’t have kids when I moved here in 1990 I probably would have chosen southern 92054 or 92056 instead, and now that my kids are out of the high schools those areas are not outside my range of consideration for future purchases. There’s nothing wrong with Oceanside.

But if I were buying a move-up home I wouldn’t do it in the back gate area under any circumstances, and if I could find a similar starter home elsewhere in O’side I’d probably go there instead too. The area is too far back in terms of access and there are too many other detrimental conditions to make it a destination location.

My comment about not building move up homes may have seemed a little harsh, but only if you consider it within the greater context of the market in general. If we didn’t build another subdivision in this region featuring homes in excess of 2,000 square feet in the next 15 years we’d still have plenty of that type of product on hand to meet the legitimate demand for it. Most wage earners don’t need a larger house than that. There would have been nothing wrong with building another Mira Mesa back there to service the housing needs of our service members who work at Camp Pendleton. And before you start tossing out accusations of creating slums let me just say that the neighborhoods with the lowest rates of crimes in our region are located on the military bases and populated by military personel. Driving through one of those neighborhoods is literally like going back in time 30 years ago, except the population is much more diverse.

Lastly let me note that you obviously didn’t choose the back gate area for your purchase and I’m guessing that wasn’t by accident. So lighten up.

[Anonymous]

Replying to comments is not making accusations, so maybe you can lighten up too. I am glad you are happy where you live too.

My point is that it great that better homes are being built in Oceanside. Carlsbad tax base has increased greatly because of the large box style homes built that carry with them higher property taxes and assessment taxes, which create better looking cities, as you must know as an appraiser. Oceanside is finally catching up on Commercial and Industrial building too, so it won’t be just a bedroom community, which is a great thing.

No, I do not think the rundown neighborhoods are very attractive, who does. But, as far as your “comment” as to why we moved closer to the 78, it is because of my husband’s long commute to San Diego, which is also another big reason Oceanside is more affordable as you surely understand. I actually like the areas of Oceanside close to the countryside of Bonsall, Vista and Fallbrook.

Have a nice day!

[Anonymous]

Gun,

We recently left Oceanside for San Antonio. We loved Oceanside. We lived in this community, off Old Grove, call Versailles. It’s small, gated with a pool and small playground and a great community of neighbors. (They have 4th of July parade and followed up by a community wide bbqs, halloween is a blast and several other community events.)

There are only two houses for sale in there now, this one is brand new on the market:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1294400

I would not buy now, but there are a couple of rental houses in there. (We rented as we were very clear on our short stay 2 year orders and then gone). Then if you see the price you are more comfortable with, you can pull the trigger.

I definitely encourage you to rent though, there is much more room for downward movement in price in Oceanside.

[Anonymous]

Gun,

We recently left Oceanside for San Antonio. We loved Oceanside. We lived in this community, off Old Grove, call Versailles. It’s small, gated with a pool and small playground and a great community of neighbors. (They have 4th of July parade and followed up by a community wide bbqs, halloween is a blast and several other community events.)

There are only two houses for sale in there now, this one is brand new on the market:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1294400

I would not buy now, but there are a couple of rental houses in there. (We rented as we were very clear on our short stay 2 year orders and then gone). Then if you see the price you are more comfortable with, you can pull the trigger.

I definitely encourage you to rent though, there is much more room for downward movement in price in Oceanside.

[Anonymous]

Gun,

We recently left Oceanside for San Antonio. We loved Oceanside. We lived in this community, off Old Grove, call Versailles. It’s small, gated with a pool and small playground and a great community of neighbors. (They have 4th of July parade and followed up by a community wide bbqs, halloween is a blast and several other community events.)

There are only two houses for sale in there now, this one is brand new on the market:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1294400

I would not buy now, but there are a couple of rental houses in there. (We rented as we were very clear on our short stay 2 year orders and then gone). Then if you see the price you are more comfortable with, you can pull the trigger.

I definitely encourage you to rent though, there is much more room for downward movement in price in Oceanside.

[Anonymous]

Gun,

We recently left Oceanside for San Antonio. We loved Oceanside. We lived in this community, off Old Grove, call Versailles. It’s small, gated with a pool and small playground and a great community of neighbors. (They have 4th of July parade and followed up by a community wide bbqs, halloween is a blast and several other community events.)

There are only two houses for sale in there now, this one is brand new on the market:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1294400

I would not buy now, but there are a couple of rental houses in there. (We rented as we were very clear on our short stay 2 year orders and then gone). Then if you see the price you are more comfortable with, you can pull the trigger.

I definitely encourage you to rent though, there is much more room for downward movement in price in Oceanside.

[Anonymous]

Gun,

We recently left Oceanside for San Antonio. We loved Oceanside. We lived in this community, off Old Grove, call Versailles. It’s small, gated with a pool and small playground and a great community of neighbors. (They have 4th of July parade and followed up by a community wide bbqs, halloween is a blast and several other community events.)

There are only two houses for sale in there now, this one is brand new on the market:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1294400

I would not buy now, but there are a couple of rental houses in there. (We rented as we were very clear on our short stay 2 year orders and then gone). Then if you see the price you are more comfortable with, you can pull the trigger.

I definitely encourage you to rent though, there is much more room for downward movement in price in Oceanside.

[Bugs]

realestatefan,

You’re only making my point for me – you plainly state that your choice of location had a lot to do with freeway access. You might have considered moving up by the back gate area had the pricing been favorable enough for you to put up with the reduced access and whatever other downsides that may have factored into your decision. It apparently wasn’t, so you obviously took the compromise that best fit your situation. I don’t mean that to sound like a bad thing because it isn’t.

There are areas of O’side that I like better than where I am right now, but I stay because the compromise I have chosen best fits my situation. I’m real close to a freeway junction and access was one of the primary factors in my decision, too. When I moved down here I was still doing a lot of work in Orange and Los Angeles Counties and I needed to commute.

Being snooty has nothing to do with it. I’ve made comments on this board before that if my situation was different I wouldn’t have a problem living in Temecula or Murrieta or Hemet. I am not some wannabe yuppie whose identity is all wrapped in my zipcode and I don’t talk trash about how other people choose to live.

FWIW, I’ve always thought Oceanside was undervalued in comparison to what it offers. I think they’re going to run into some problems later on but there are a number of towns in this region that face the same challenges. Including Carlsbad.

[Anonymous]

Oh Gee Bugs, Now you are making me feel bad. I’m sorry if I Implied you were snooty. I get your point too, honest!

I understand – the non emotional appraiser – appraisal you give.

And now here is my women’s point of view, men love freeway access. But, I have to admit, being able to get to all of my stores in few minutes is the best! So, I’m glad I compromised with hubby.

Take care.

[CardiffBaseball]

One of my son’s best friends moved to Oceanside and it seems every other week or at least once every three weeks, we have to make the trek. I am surprised being somewhat new to this area how long it takes to get to his house, and I am curious if his place is in this area that is loosely considered back gate. To get there I take 76 (a long way it seems) to Douglas Dr. and I believe it’s the last street before Douglas hits the golf course and bends around the corner. The kids apparently don’t like the school and don’t feel safe (one in elementary, one in Jr. High) so the family is thinking of moving back to Encinitas when the lease runs out. I am just looking forward to not making the drive. I think the street name is Point Degada. Or is the sketchy area further up Douglas?

[Bugs]

I think the neighborhood you’re referring to was built during the late 1990s – the homes there are nice and the immediate neighborhood itself is pretty reasonable. However, the schools that service the area draw from the older apartment areas around Libby Lake and the older residential neighborhoods to the east, which is where all the action is. The other hotspot in the San Luis Rey Valley area is the area south of the River, over by the Drive-in / Swapmeet.

The way I look at it is that you are who you shop for groceries with.

Access was even harder/longer before they built out the 76 freeway.

[luxuryglow]

No emotions attached…Oceanside is an inferior city.
Let’s just be objective here.

[drunkle]

if you work on base, consider san clemente? i love that town/area… beautiful beaches, beautiful weather, small town with lots of mom and pop shops…

oside is strange. 2 miles north of carlsbad, but it’s like a totally different planet… nice places by the beach, but inland, the ghettos broken up by farms and tract houses… it’s like the ob or even ib of north county… but el cajonified…

[drunkle]

if you work on base, consider san clemente? i love that town/area… beautiful beaches, beautiful weather, small town with lots of mom and pop shops…

oside is strange. 2 miles north of carlsbad, but it’s like a totally different planet… nice places by the beach, but inland, the ghettos broken up by farms and tract houses… it’s like the ob or even ib of north county… but el cajonified…

[drunkle]

if you work on base, consider san clemente? i love that town/area… beautiful beaches, beautiful weather, small town with lots of mom and pop shops…

oside is strange. 2 miles north of carlsbad, but it’s like a totally different planet… nice places by the beach, but inland, the ghettos broken up by farms and tract houses… it’s like the ob or even ib of north county… but el cajonified…

[drunkle]

if you work on base, consider san clemente? i love that town/area… beautiful beaches, beautiful weather, small town with lots of mom and pop shops…

oside is strange. 2 miles north of carlsbad, but it’s like a totally different planet… nice places by the beach, but inland, the ghettos broken up by farms and tract houses… it’s like the ob or even ib of north county… but el cajonified…

[drunkle]

if you work on base, consider san clemente? i love that town/area… beautiful beaches, beautiful weather, small town with lots of mom and pop shops…

oside is strange. 2 miles north of carlsbad, but it’s like a totally different planet… nice places by the beach, but inland, the ghettos broken up by farms and tract houses… it’s like the ob or even ib of north county… but el cajonified…

[luxuryglow]

No emotions attached…Oceanside is an inferior city.
Let’s just be objective here.

[luxuryglow]

No emotions attached…Oceanside is an inferior city.
Let’s just be objective here.

[luxuryglow]

No emotions attached…Oceanside is an inferior city.
Let’s just be objective here.

[luxuryglow]

No emotions attached…Oceanside is an inferior city.
Let’s just be objective here.

[Bugs]

I think the neighborhood you’re referring to was built during the late 1990s – the homes there are nice and the immediate neighborhood itself is pretty reasonable. However, the schools that service the area draw from the older apartment areas around Libby Lake and the older residential neighborhoods to the east, which is where all the action is. The other hotspot in the San Luis Rey Valley area is the area south of the River, over by the Drive-in / Swapmeet.

The way I look at it is that you are who you shop for groceries with.

Access was even harder/longer before they built out the 76 freeway.

[Bugs]

I think the neighborhood you’re referring to was built during the late 1990s – the homes there are nice and the immediate neighborhood itself is pretty reasonable. However, the schools that service the area draw from the older apartment areas around Libby Lake and the older residential neighborhoods to the east, which is where all the action is. The other hotspot in the San Luis Rey Valley area is the area south of the River, over by the Drive-in / Swapmeet.

The way I look at it is that you are who you shop for groceries with.

Access was even harder/longer before they built out the 76 freeway.

[Bugs]

I think the neighborhood you’re referring to was built during the late 1990s – the homes there are nice and the immediate neighborhood itself is pretty reasonable. However, the schools that service the area draw from the older apartment areas around Libby Lake and the older residential neighborhoods to the east, which is where all the action is. The other hotspot in the San Luis Rey Valley area is the area south of the River, over by the Drive-in / Swapmeet.

The way I look at it is that you are who you shop for groceries with.

Access was even harder/longer before they built out the 76 freeway.

[Bugs]

I think the neighborhood you’re referring to was built during the late 1990s – the homes there are nice and the immediate neighborhood itself is pretty reasonable. However, the schools that service the area draw from the older apartment areas around Libby Lake and the older residential neighborhoods to the east, which is where all the action is. The other hotspot in the San Luis Rey Valley area is the area south of the River, over by the Drive-in / Swapmeet.

The way I look at it is that you are who you shop for groceries with.

Access was even harder/longer before they built out the 76 freeway.

[CardiffBaseball]

One of my son’s best friends moved to Oceanside and it seems every other week or at least once every three weeks, we have to make the trek. I am surprised being somewhat new to this area how long it takes to get to his house, and I am curious if his place is in this area that is loosely considered back gate. To get there I take 76 (a long way it seems) to Douglas Dr. and I believe it’s the last street before Douglas hits the golf course and bends around the corner. The kids apparently don’t like the school and don’t feel safe (one in elementary, one in Jr. High) so the family is thinking of moving back to Encinitas when the lease runs out. I am just looking forward to not making the drive. I think the street name is Point Degada. Or is the sketchy area further up Douglas?

[CardiffBaseball]

One of my son’s best friends moved to Oceanside and it seems every other week or at least once every three weeks, we have to make the trek. I am surprised being somewhat new to this area how long it takes to get to his house, and I am curious if his place is in this area that is loosely considered back gate. To get there I take 76 (a long way it seems) to Douglas Dr. and I believe it’s the last street before Douglas hits the golf course and bends around the corner. The kids apparently don’t like the school and don’t feel safe (one in elementary, one in Jr. High) so the family is thinking of moving back to Encinitas when the lease runs out. I am just looking forward to not making the drive. I think the street name is Point Degada. Or is the sketchy area further up Douglas?

[CardiffBaseball]

One of my son’s best friends moved to Oceanside and it seems every other week or at least once every three weeks, we have to make the trek. I am surprised being somewhat new to this area how long it takes to get to his house, and I am curious if his place is in this area that is loosely considered back gate. To get there I take 76 (a long way it seems) to Douglas Dr. and I believe it’s the last street before Douglas hits the golf course and bends around the corner. The kids apparently don’t like the school and don’t feel safe (one in elementary, one in Jr. High) so the family is thinking of moving back to Encinitas when the lease runs out. I am just looking forward to not making the drive. I think the street name is Point Degada. Or is the sketchy area further up Douglas?

[CardiffBaseball]

One of my son’s best friends moved to Oceanside and it seems every other week or at least once every three weeks, we have to make the trek. I am surprised being somewhat new to this area how long it takes to get to his house, and I am curious if his place is in this area that is loosely considered back gate. To get there I take 76 (a long way it seems) to Douglas Dr. and I believe it’s the last street before Douglas hits the golf course and bends around the corner. The kids apparently don’t like the school and don’t feel safe (one in elementary, one in Jr. High) so the family is thinking of moving back to Encinitas when the lease runs out. I am just looking forward to not making the drive. I think the street name is Point Degada. Or is the sketchy area further up Douglas?

[Anonymous]

Oh Gee Bugs, Now you are making me feel bad. I’m sorry if I Implied you were snooty. I get your point too, honest!

I understand – the non emotional appraiser – appraisal you give.

And now here is my women’s point of view, men love freeway access. But, I have to admit, being able to get to all of my stores in few minutes is the best! So, I’m glad I compromised with hubby.

Take care.

[Anonymous]

Oh Gee Bugs, Now you are making me feel bad. I’m sorry if I Implied you were snooty. I get your point too, honest!

I understand – the non emotional appraiser – appraisal you give.

And now here is my women’s point of view, men love freeway access. But, I have to admit, being able to get to all of my stores in few minutes is the best! So, I’m glad I compromised with hubby.

Take care.

[Anonymous]

Oh Gee Bugs, Now you are making me feel bad. I’m sorry if I Implied you were snooty. I get your point too, honest!

I understand – the non emotional appraiser – appraisal you give.

And now here is my women’s point of view, men love freeway access. But, I have to admit, being able to get to all of my stores in few minutes is the best! So, I’m glad I compromised with hubby.

Take care.

[Anonymous]

Oh Gee Bugs, Now you are making me feel bad. I’m sorry if I Implied you were snooty. I get your point too, honest!

I understand – the non emotional appraiser – appraisal you give.

And now here is my women’s point of view, men love freeway access. But, I have to admit, being able to get to all of my stores in few minutes is the best! So, I’m glad I compromised with hubby.

Take care.

[Bunny Meadows]

I’ve been watching the Ocean Hills area. I saw this listing for $850K and almost choked:

http://www.redfin.com/stingray/do/printable-listing?listing-id=956121

It’s on a “premium lot” with a sliver view of the ocean…but the house is totally out of date. It even has sky blue carpeting.

Bugs, is this realistic? Or is this seller in DreamLand?

I’d love to know what you think.

Bunny

[Bunny Meadows]

I’ve been watching the Ocean Hills area. I saw this listing for $850K and almost choked:

http://www.redfin.com/stingray/do/printable-listing?listing-id=956121

It’s on a “premium lot” with a sliver view of the ocean…but the house is totally out of date. It even has sky blue carpeting.

Bugs, is this realistic? Or is this seller in DreamLand?

I’d love to know what you think.

Bunny

[Bunny Meadows]

I’ve been watching the Ocean Hills area. I saw this listing for $850K and almost choked:

http://www.redfin.com/stingray/do/printable-listing?listing-id=956121

It’s on a “premium lot” with a sliver view of the ocean…but the house is totally out of date. It even has sky blue carpeting.

Bugs, is this realistic? Or is this seller in DreamLand?

I’d love to know what you think.

Bunny

[Bunny Meadows]

I’ve been watching the Ocean Hills area. I saw this listing for $850K and almost choked:

http://www.redfin.com/stingray/do/printable-listing?listing-id=956121

It’s on a “premium lot” with a sliver view of the ocean…but the house is totally out of date. It even has sky blue carpeting.

Bugs, is this realistic? Or is this seller in DreamLand?

I’d love to know what you think.

Bunny

[Bunny Meadows]

I’ve been watching the Ocean Hills area. I saw this listing for $850K and almost choked:

http://www.redfin.com/stingray/do/printable-listing?listing-id=956121

It’s on a “premium lot” with a sliver view of the ocean…but the house is totally out of date. It even has sky blue carpeting.

Bugs, is this realistic? Or is this seller in DreamLand?

I’d love to know what you think.

Bunny

[Bugs]

realestatefan,

You’re only making my point for me – you plainly state that your choice of location had a lot to do with freeway access. You might have considered moving up by the back gate area had the pricing been favorable enough for you to put up with the reduced access and whatever other downsides that may have factored into your decision. It apparently wasn’t, so you obviously took the compromise that best fit your situation. I don’t mean that to sound like a bad thing because it isn’t.

There are areas of O’side that I like better than where I am right now, but I stay because the compromise I have chosen best fits my situation. I’m real close to a freeway junction and access was one of the primary factors in my decision, too. When I moved down here I was still doing a lot of work in Orange and Los Angeles Counties and I needed to commute.

Being snooty has nothing to do with it. I’ve made comments on this board before that if my situation was different I wouldn’t have a problem living in Temecula or Murrieta or Hemet. I am not some wannabe yuppie whose identity is all wrapped in my zipcode and I don’t talk trash about how other people choose to live.

FWIW, I’ve always thought Oceanside was undervalued in comparison to what it offers. I think they’re going to run into some problems later on but there are a number of towns in this region that face the same challenges. Including Carlsbad.

[Bugs]

realestatefan,

You’re only making my point for me – you plainly state that your choice of location had a lot to do with freeway access. You might have considered moving up by the back gate area had the pricing been favorable enough for you to put up with the reduced access and whatever other downsides that may have factored into your decision. It apparently wasn’t, so you obviously took the compromise that best fit your situation. I don’t mean that to sound like a bad thing because it isn’t.

There are areas of O’side that I like better than where I am right now, but I stay because the compromise I have chosen best fits my situation. I’m real close to a freeway junction and access was one of the primary factors in my decision, too. When I moved down here I was still doing a lot of work in Orange and Los Angeles Counties and I needed to commute.

Being snooty has nothing to do with it. I’ve made comments on this board before that if my situation was different I wouldn’t have a problem living in Temecula or Murrieta or Hemet. I am not some wannabe yuppie whose identity is all wrapped in my zipcode and I don’t talk trash about how other people choose to live.

FWIW, I’ve always thought Oceanside was undervalued in comparison to what it offers. I think they’re going to run into some problems later on but there are a number of towns in this region that face the same challenges. Including Carlsbad.

[Bugs]

realestatefan,

You’re only making my point for me – you plainly state that your choice of location had a lot to do with freeway access. You might have considered moving up by the back gate area had the pricing been favorable enough for you to put up with the reduced access and whatever other downsides that may have factored into your decision. It apparently wasn’t, so you obviously took the compromise that best fit your situation. I don’t mean that to sound like a bad thing because it isn’t.

There are areas of O’side that I like better than where I am right now, but I stay because the compromise I have chosen best fits my situation. I’m real close to a freeway junction and access was one of the primary factors in my decision, too. When I moved down here I was still doing a lot of work in Orange and Los Angeles Counties and I needed to commute.

Being snooty has nothing to do with it. I’ve made comments on this board before that if my situation was different I wouldn’t have a problem living in Temecula or Murrieta or Hemet. I am not some wannabe yuppie whose identity is all wrapped in my zipcode and I don’t talk trash about how other people choose to live.

FWIW, I’ve always thought Oceanside was undervalued in comparison to what it offers. I think they’re going to run into some problems later on but there are a number of towns in this region that face the same challenges. Including Carlsbad.

[Bugs]

realestatefan,

You’re only making my point for me – you plainly state that your choice of location had a lot to do with freeway access. You might have considered moving up by the back gate area had the pricing been favorable enough for you to put up with the reduced access and whatever other downsides that may have factored into your decision. It apparently wasn’t, so you obviously took the compromise that best fit your situation. I don’t mean that to sound like a bad thing because it isn’t.

There are areas of O’side that I like better than where I am right now, but I stay because the compromise I have chosen best fits my situation. I’m real close to a freeway junction and access was one of the primary factors in my decision, too. When I moved down here I was still doing a lot of work in Orange and Los Angeles Counties and I needed to commute.

Being snooty has nothing to do with it. I’ve made comments on this board before that if my situation was different I wouldn’t have a problem living in Temecula or Murrieta or Hemet. I am not some wannabe yuppie whose identity is all wrapped in my zipcode and I don’t talk trash about how other people choose to live.

FWIW, I’ve always thought Oceanside was undervalued in comparison to what it offers. I think they’re going to run into some problems later on but there are a number of towns in this region that face the same challenges. Including Carlsbad.

[Anonymous]

Replying to comments is not making accusations, so maybe you can lighten up too. I am glad you are happy where you live too.

My point is that it great that better homes are being built in Oceanside. Carlsbad tax base has increased greatly because of the large box style homes built that carry with them higher property taxes and assessment taxes, which create better looking cities, as you must know as an appraiser. Oceanside is finally catching up on Commercial and Industrial building too, so it won’t be just a bedroom community, which is a great thing.

No, I do not think the rundown neighborhoods are very attractive, who does. But, as far as your “comment” as to why we moved closer to the 78, it is because of my husband’s long commute to San Diego, which is also another big reason Oceanside is more affordable as you surely understand. I actually like the areas of Oceanside close to the countryside of Bonsall, Vista and Fallbrook.

Have a nice day!

[Anonymous]

Replying to comments is not making accusations, so maybe you can lighten up too. I am glad you are happy where you live too.

My point is that it great that better homes are being built in Oceanside. Carlsbad tax base has increased greatly because of the large box style homes built that carry with them higher property taxes and assessment taxes, which create better looking cities, as you must know as an appraiser. Oceanside is finally catching up on Commercial and Industrial building too, so it won’t be just a bedroom community, which is a great thing.

No, I do not think the rundown neighborhoods are very attractive, who does. But, as far as your “comment” as to why we moved closer to the 78, it is because of my husband’s long commute to San Diego, which is also another big reason Oceanside is more affordable as you surely understand. I actually like the areas of Oceanside close to the countryside of Bonsall, Vista and Fallbrook.

Have a nice day!

[Anonymous]

Replying to comments is not making accusations, so maybe you can lighten up too. I am glad you are happy where you live too.

My point is that it great that better homes are being built in Oceanside. Carlsbad tax base has increased greatly because of the large box style homes built that carry with them higher property taxes and assessment taxes, which create better looking cities, as you must know as an appraiser. Oceanside is finally catching up on Commercial and Industrial building too, so it won’t be just a bedroom community, which is a great thing.

No, I do not think the rundown neighborhoods are very attractive, who does. But, as far as your “comment” as to why we moved closer to the 78, it is because of my husband’s long commute to San Diego, which is also another big reason Oceanside is more affordable as you surely understand. I actually like the areas of Oceanside close to the countryside of Bonsall, Vista and Fallbrook.

Have a nice day!

[Anonymous]

Replying to comments is not making accusations, so maybe you can lighten up too. I am glad you are happy where you live too.

My point is that it great that better homes are being built in Oceanside. Carlsbad tax base has increased greatly because of the large box style homes built that carry with them higher property taxes and assessment taxes, which create better looking cities, as you must know as an appraiser. Oceanside is finally catching up on Commercial and Industrial building too, so it won’t be just a bedroom community, which is a great thing.

No, I do not think the rundown neighborhoods are very attractive, who does. But, as far as your “comment” as to why we moved closer to the 78, it is because of my husband’s long commute to San Diego, which is also another big reason Oceanside is more affordable as you surely understand. I actually like the areas of Oceanside close to the countryside of Bonsall, Vista and Fallbrook.

Have a nice day!

[Bugs]

realestatefan,

I think you have me all wrong. I don’t “like” or “dislike” any areas. Each area is what it is, and frankly as a professional appraiser I have no problems acknowledging that every purchase decision involves compromises. I don’t get emotional about how other people choose to live or the decisions they make. I just observe and report.

FTR, I live in the 92008 zip area but it’s about as close to the 78 corridor as you can get and 90% of the time when I surf it’s in Oceanside. If I didn’t have kids when I moved here in 1990 I probably would have chosen southern 92054 or 92056 instead, and now that my kids are out of the high schools those areas are not outside my range of consideration for future purchases. There’s nothing wrong with Oceanside.

But if I were buying a move-up home I wouldn’t do it in the back gate area under any circumstances, and if I could find a similar starter home elsewhere in O’side I’d probably go there instead too. The area is too far back in terms of access and there are too many other detrimental conditions to make it a destination location.

My comment about not building move up homes may have seemed a little harsh, but only if you consider it within the greater context of the market in general. If we didn’t build another subdivision in this region featuring homes in excess of 2,000 square feet in the next 15 years we’d still have plenty of that type of product on hand to meet the legitimate demand for it. Most wage earners don’t need a larger house than that. There would have been nothing wrong with building another Mira Mesa back there to service the housing needs of our service members who work at Camp Pendleton. And before you start tossing out accusations of creating slums let me just say that the neighborhoods with the lowest rates of crimes in our region are located on the military bases and populated by military personel. Driving through one of those neighborhoods is literally like going back in time 30 years ago, except the population is much more diverse.

Lastly let me note that you obviously didn’t choose the back gate area for your purchase and I’m guessing that wasn’t by accident. So lighten up.

[Bugs]

realestatefan,

I think you have me all wrong. I don’t “like” or “dislike” any areas. Each area is what it is, and frankly as a professional appraiser I have no problems acknowledging that every purchase decision involves compromises. I don’t get emotional about how other people choose to live or the decisions they make. I just observe and report.

FTR, I live in the 92008 zip area but it’s about as close to the 78 corridor as you can get and 90% of the time when I surf it’s in Oceanside. If I didn’t have kids when I moved here in 1990 I probably would have chosen southern 92054 or 92056 instead, and now that my kids are out of the high schools those areas are not outside my range of consideration for future purchases. There’s nothing wrong with Oceanside.

But if I were buying a move-up home I wouldn’t do it in the back gate area under any circumstances, and if I could find a similar starter home elsewhere in O’side I’d probably go there instead too. The area is too far back in terms of access and there are too many other detrimental conditions to make it a destination location.

My comment about not building move up homes may have seemed a little harsh, but only if you consider it within the greater context of the market in general. If we didn’t build another subdivision in this region featuring homes in excess of 2,000 square feet in the next 15 years we’d still have plenty of that type of product on hand to meet the legitimate demand for it. Most wage earners don’t need a larger house than that. There would have been nothing wrong with building another Mira Mesa back there to service the housing needs of our service members who work at Camp Pendleton. And before you start tossing out accusations of creating slums let me just say that the neighborhoods with the lowest rates of crimes in our region are located on the military bases and populated by military personel. Driving through one of those neighborhoods is literally like going back in time 30 years ago, except the population is much more diverse.

Lastly let me note that you obviously didn’t choose the back gate area for your purchase and I’m guessing that wasn’t by accident. So lighten up.

[Bugs]

realestatefan,

I think you have me all wrong. I don’t “like” or “dislike” any areas. Each area is what it is, and frankly as a professional appraiser I have no problems acknowledging that every purchase decision involves compromises. I don’t get emotional about how other people choose to live or the decisions they make. I just observe and report.

FTR, I live in the 92008 zip area but it’s about as close to the 78 corridor as you can get and 90% of the time when I surf it’s in Oceanside. If I didn’t have kids when I moved here in 1990 I probably would have chosen southern 92054 or 92056 instead, and now that my kids are out of the high schools those areas are not outside my range of consideration for future purchases. There’s nothing wrong with Oceanside.

But if I were buying a move-up home I wouldn’t do it in the back gate area under any circumstances, and if I could find a similar starter home elsewhere in O’side I’d probably go there instead too. The area is too far back in terms of access and there are too many other detrimental conditions to make it a destination location.

My comment about not building move up homes may have seemed a little harsh, but only if you consider it within the greater context of the market in general. If we didn’t build another subdivision in this region featuring homes in excess of 2,000 square feet in the next 15 years we’d still have plenty of that type of product on hand to meet the legitimate demand for it. Most wage earners don’t need a larger house than that. There would have been nothing wrong with building another Mira Mesa back there to service the housing needs of our service members who work at Camp Pendleton. And before you start tossing out accusations of creating slums let me just say that the neighborhoods with the lowest rates of crimes in our region are located on the military bases and populated by military personel. Driving through one of those neighborhoods is literally like going back in time 30 years ago, except the population is much more diverse.

Lastly let me note that you obviously didn’t choose the back gate area for your purchase and I’m guessing that wasn’t by accident. So lighten up.

[Bugs]

realestatefan,

I think you have me all wrong. I don’t “like” or “dislike” any areas. Each area is what it is, and frankly as a professional appraiser I have no problems acknowledging that every purchase decision involves compromises. I don’t get emotional about how other people choose to live or the decisions they make. I just observe and report.

FTR, I live in the 92008 zip area but it’s about as close to the 78 corridor as you can get and 90% of the time when I surf it’s in Oceanside. If I didn’t have kids when I moved here in 1990 I probably would have chosen southern 92054 or 92056 instead, and now that my kids are out of the high schools those areas are not outside my range of consideration for future purchases. There’s nothing wrong with Oceanside.

But if I were buying a move-up home I wouldn’t do it in the back gate area under any circumstances, and if I could find a similar starter home elsewhere in O’side I’d probably go there instead too. The area is too far back in terms of access and there are too many other detrimental conditions to make it a destination location.

My comment about not building move up homes may have seemed a little harsh, but only if you consider it within the greater context of the market in general. If we didn’t build another subdivision in this region featuring homes in excess of 2,000 square feet in the next 15 years we’d still have plenty of that type of product on hand to meet the legitimate demand for it. Most wage earners don’t need a larger house than that. There would have been nothing wrong with building another Mira Mesa back there to service the housing needs of our service members who work at Camp Pendleton. And before you start tossing out accusations of creating slums let me just say that the neighborhoods with the lowest rates of crimes in our region are located on the military bases and populated by military personel. Driving through one of those neighborhoods is literally like going back in time 30 years ago, except the population is much more diverse.

Lastly let me note that you obviously didn’t choose the back gate area for your purchase and I’m guessing that wasn’t by accident. So lighten up.

[Anonymous]

LOL Gun,

It sounds like you’re doing great research and price comparisons. You have until next Summer to get serious, by then, you will be the “neighborhood expert” on prices in the various areas you are watching, and you will know the best values at that time.

Good luck.

[Anonymous]

LOL Gun,

It sounds like you’re doing great research and price comparisons. You have until next Summer to get serious, by then, you will be the “neighborhood expert” on prices in the various areas you are watching, and you will know the best values at that time.

Good luck.

[Anonymous]

LOL Gun,

It sounds like you’re doing great research and price comparisons. You have until next Summer to get serious, by then, you will be the “neighborhood expert” on prices in the various areas you are watching, and you will know the best values at that time.

Good luck.

[Anonymous]

LOL Gun,

It sounds like you’re doing great research and price comparisons. You have until next Summer to get serious, by then, you will be the “neighborhood expert” on prices in the various areas you are watching, and you will know the best values at that time.

Good luck.

[GunDoctor]

easy realestatefan,
I happen to Love Oceanside and as I stated that is where I want to live. That back gate area dose have some problems and from what I have read the other posted are just pointing that area out…not the entire community.

What do you all think that prices will drop to by december of 08? I will have to do a price comparison vs renting before I buy. Once I buy I will stay for the next 10 years at least. I have moved so many times the I plan on staying put for awhile.
thanks
Gun
LOL

[GunDoctor]

easy realestatefan,
I happen to Love Oceanside and as I stated that is where I want to live. That back gate area dose have some problems and from what I have read the other posted are just pointing that area out…not the entire community.

What do you all think that prices will drop to by december of 08? I will have to do a price comparison vs renting before I buy. Once I buy I will stay for the next 10 years at least. I have moved so many times the I plan on staying put for awhile.
thanks
Gun
LOL

[GunDoctor]

easy realestatefan,
I happen to Love Oceanside and as I stated that is where I want to live. That back gate area dose have some problems and from what I have read the other posted are just pointing that area out…not the entire community.

What do you all think that prices will drop to by december of 08? I will have to do a price comparison vs renting before I buy. Once I buy I will stay for the next 10 years at least. I have moved so many times the I plan on staying put for awhile.
thanks
Gun
LOL

[GunDoctor]

easy realestatefan,
I happen to Love Oceanside and as I stated that is where I want to live. That back gate area dose have some problems and from what I have read the other posted are just pointing that area out…not the entire community.

What do you all think that prices will drop to by december of 08? I will have to do a price comparison vs renting before I buy. Once I buy I will stay for the next 10 years at least. I have moved so many times the I plan on staying put for awhile.
thanks
Gun
LOL

[Anonymous]

Why not Bugs, should Oceanside only built shacks so it can remain the inferior city all of you love to tag it as.

One thing I don’t understand about the la di da’s that post here is, with about 150K or so citizens living in God forsaken Oceanside, happily, I might add, why don’t you just comment on the other fantastic cities you must own property in.

Gun, I’m a CPA and my husband is an engineer, big deal. We live near the 78 in Godforsaken Oceanside, in a lovely home. Our neighbors are great and the weather is the best in San Diego and we don’t stare at our neighbors Mcmansion out the back window. And, we actually own it. What a nice way to live. Be glad O’side is not as desirable, because it keeps it within your affordability range, and you can still go out to dinner once in awhile.

[Anonymous]

Why not Bugs, should Oceanside only built shacks so it can remain the inferior city all of you love to tag it as.

One thing I don’t understand about the la di da’s that post here is, with about 150K or so citizens living in God forsaken Oceanside, happily, I might add, why don’t you just comment on the other fantastic cities you must own property in.

Gun, I’m a CPA and my husband is an engineer, big deal. We live near the 78 in Godforsaken Oceanside, in a lovely home. Our neighbors are great and the weather is the best in San Diego and we don’t stare at our neighbors Mcmansion out the back window. And, we actually own it. What a nice way to live. Be glad O’side is not as desirable, because it keeps it within your affordability range, and you can still go out to dinner once in awhile.

[Anonymous]

Why not Bugs, should Oceanside only built shacks so it can remain the inferior city all of you love to tag it as.

One thing I don’t understand about the la di da’s that post here is, with about 150K or so citizens living in God forsaken Oceanside, happily, I might add, why don’t you just comment on the other fantastic cities you must own property in.

Gun, I’m a CPA and my husband is an engineer, big deal. We live near the 78 in Godforsaken Oceanside, in a lovely home. Our neighbors are great and the weather is the best in San Diego and we don’t stare at our neighbors Mcmansion out the back window. And, we actually own it. What a nice way to live. Be glad O’side is not as desirable, because it keeps it within your affordability range, and you can still go out to dinner once in awhile.

[Anonymous]

Why not Bugs, should Oceanside only built shacks so it can remain the inferior city all of you love to tag it as.

One thing I don’t understand about the la di da’s that post here is, with about 150K or so citizens living in God forsaken Oceanside, happily, I might add, why don’t you just comment on the other fantastic cities you must own property in.

Gun, I’m a CPA and my husband is an engineer, big deal. We live near the 78 in Godforsaken Oceanside, in a lovely home. Our neighbors are great and the weather is the best in San Diego and we don’t stare at our neighbors Mcmansion out the back window. And, we actually own it. What a nice way to live. Be glad O’side is not as desirable, because it keeps it within your affordability range, and you can still go out to dinner once in awhile.

[GunDoctor]

yeah,
I’m not keen on the back gate area either. That is why I am looking to be South of 76 and west of college if possible. The only other place I was looking at was the Valente development, but I seem to remember an airport close by…not sure. The prices there are going down quickly as well.
thanks for the info
Gun

[GunDoctor]

yeah,
I’m not keen on the back gate area either. That is why I am looking to be South of 76 and west of college if possible. The only other place I was looking at was the Valente development, but I seem to remember an airport close by…not sure. The prices there are going down quickly as well.
thanks for the info
Gun

[GunDoctor]

yeah,
I’m not keen on the back gate area either. That is why I am looking to be South of 76 and west of college if possible. The only other place I was looking at was the Valente development, but I seem to remember an airport close by…not sure. The prices there are going down quickly as well.
thanks for the info
Gun

[GunDoctor]

yeah,
I’m not keen on the back gate area either. That is why I am looking to be South of 76 and west of college if possible. The only other place I was looking at was the Valente development, but I seem to remember an airport close by…not sure. The prices there are going down quickly as well.
thanks for the info
Gun

[SD Realtor]

I could not agree more with Bugs. I have had a few transactions in Oceanside this year. Oceanside has already seen depreciation and will undergo another substantial leg down in the next two years. Double digits for each year is not impossible at all. Keep pushing the hold button. If you need proof for your wife just post a thread asking for one and we can put some comps up here that show the declines. It is going to be a real tough time up there.

This is just a personal preference but I like Ivey Glenn a tad better then Rancho Del Oro however I think Bugs was lumping all of the Rancho Del Oro neighborhoods together that as a whole, that area is preferable to the backgate area which I would 100% agree with.

[SD Realtor]

I could not agree more with Bugs. I have had a few transactions in Oceanside this year. Oceanside has already seen depreciation and will undergo another substantial leg down in the next two years. Double digits for each year is not impossible at all. Keep pushing the hold button. If you need proof for your wife just post a thread asking for one and we can put some comps up here that show the declines. It is going to be a real tough time up there.

This is just a personal preference but I like Ivey Glenn a tad better then Rancho Del Oro however I think Bugs was lumping all of the Rancho Del Oro neighborhoods together that as a whole, that area is preferable to the backgate area which I would 100% agree with.

[SD Realtor]

I could not agree more with Bugs. I have had a few transactions in Oceanside this year. Oceanside has already seen depreciation and will undergo another substantial leg down in the next two years. Double digits for each year is not impossible at all. Keep pushing the hold button. If you need proof for your wife just post a thread asking for one and we can put some comps up here that show the declines. It is going to be a real tough time up there.

This is just a personal preference but I like Ivey Glenn a tad better then Rancho Del Oro however I think Bugs was lumping all of the Rancho Del Oro neighborhoods together that as a whole, that area is preferable to the backgate area which I would 100% agree with.

[SD Realtor]

I could not agree more with Bugs. I have had a few transactions in Oceanside this year. Oceanside has already seen depreciation and will undergo another substantial leg down in the next two years. Double digits for each year is not impossible at all. Keep pushing the hold button. If you need proof for your wife just post a thread asking for one and we can put some comps up here that show the declines. It is going to be a real tough time up there.

This is just a personal preference but I like Ivey Glenn a tad better then Rancho Del Oro however I think Bugs was lumping all of the Rancho Del Oro neighborhoods together that as a whole, that area is preferable to the backgate area which I would 100% agree with.

[SD Realtor]

I could not agree more with Bugs. I have had a few transactions in Oceanside this year. Oceanside has already seen depreciation and will undergo another substantial leg down in the next two years. Double digits for each year is not impossible at all. Keep pushing the hold button. If you need proof for your wife just post a thread asking for one and we can put some comps up here that show the declines. It is going to be a real tough time up there.

This is just a personal preference but I like Ivey Glenn a tad better then Rancho Del Oro however I think Bugs was lumping all of the Rancho Del Oro neighborhoods together that as a whole, that area is preferable to the backgate area which I would 100% agree with.

[Bugs]

The 92057 house may be closer to work but I don’t think those neighborhoods will hold their value as well as the Rancho Del Oro neighborhoods in the 92056 area. The older neighborhoods north of North River Road and west of Vandergrift are a hotbed of gang activity and that’s who your kids would be going to middle and high school with. Trust me – it’s not pretty.

The 92056 neighborhoods are closer to freeway access, easier to get in and out of for all your other life activities and in general will turn out to be quieter all around. In my opinion they should have never built move up and luxury homes anywhere in 92057.

I think if you can hold out until 2009 or later you’ll end up saving at least $150k in either of those neighborhoods.

[Bugs]

The 92057 house may be closer to work but I don’t think those neighborhoods will hold their value as well as the Rancho Del Oro neighborhoods in the 92056 area. The older neighborhoods north of North River Road and west of Vandergrift are a hotbed of gang activity and that’s who your kids would be going to middle and high school with. Trust me – it’s not pretty.

The 92056 neighborhoods are closer to freeway access, easier to get in and out of for all your other life activities and in general will turn out to be quieter all around. In my opinion they should have never built move up and luxury homes anywhere in 92057.

I think if you can hold out until 2009 or later you’ll end up saving at least $150k in either of those neighborhoods.

[Bugs]

The 92057 house may be closer to work but I don’t think those neighborhoods will hold their value as well as the Rancho Del Oro neighborhoods in the 92056 area. The older neighborhoods north of North River Road and west of Vandergrift are a hotbed of gang activity and that’s who your kids would be going to middle and high school with. Trust me – it’s not pretty.

The 92056 neighborhoods are closer to freeway access, easier to get in and out of for all your other life activities and in general will turn out to be quieter all around. In my opinion they should have never built move up and luxury homes anywhere in 92057.

I think if you can hold out until 2009 or later you’ll end up saving at least $150k in either of those neighborhoods.

[Bugs]

The 92057 house may be closer to work but I don’t think those neighborhoods will hold their value as well as the Rancho Del Oro neighborhoods in the 92056 area. The older neighborhoods north of North River Road and west of Vandergrift are a hotbed of gang activity and that’s who your kids would be going to middle and high school with. Trust me – it’s not pretty.

The 92056 neighborhoods are closer to freeway access, easier to get in and out of for all your other life activities and in general will turn out to be quieter all around. In my opinion they should have never built move up and luxury homes anywhere in 92057.

I think if you can hold out until 2009 or later you’ll end up saving at least $150k in either of those neighborhoods.

[GunDoctor]

update time.

Can one of you tell me if this house was bought or foreclosed on?
http://www.redfin.com/stingray/do/printable-listing?listing-id=1293315

RefFin says that it “sold” for 440K. So I guess that drastically dropping the price to get buyers attention helps in this market…

the other example
http://www.redfin.com/stingray/do/printable-listing?listing-id=1107307
is still listed but it is no longer an exception being a 2800 SQFT house for under 500k
these other houses are keeping up the pace as well.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1270579

http://www.redfin.com/stingray/do/printable-listing?listing-id=1335748

Now these are all the same models and size. If the 1st one aint going at 469K what are the chances that the other two will get more money? these sellers might want to do like the 1st example and drop that price real low and then bid up…if that is in fact what happened?

there is also this example.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1350747
it is about the same size…closer to the coast and it is about 20k less.

I have also noticed a trend of realtors not even bothering to post pictures on some listing.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1306732

it my opintion this is just a gimmick to get some fool to go to the trouble of submitting an offer to get the shortsale ball rolling…damn don’t waste my time. I should start a business where I get paid to submit super lowball offers, so these sellers can get the banks to take an interest. I’ll bid 300K for the above house 🙂 but only if you will either take the offer of give me money for wasting my time.

More Oceansides updates to come. I don’t think that Carmel vally and all of the cool places you all talk about will come down in price until these outlaying prices come back to earth. We shall see
gun

[SD Realtor]

This was a true sale. There was also a credit of 8500 from the seller to the buyer. Not a short sale nor an reo.

This seller got it.

SD Realtor

[novice1027]

One of the only new tract homes that my husband & I really liked, were the homes are at the back gate. They are the Montmar homes built by Richmond American. They are very nice McMansions. But we decided awhile ago, that we would never pay their original asking price on $900K+ and have to drive past Walmart, K-mart and Home town buffet everytime we left our house, for a home that cost close to a million dollars.
If we were to spend that kind of money I just wouldn’t want to drive through the ghetto to get in and out, and that is unfortunatly what you have to do.
Well as I said, the houses started out $900k to 1mil+, with no upgrades and the basic carpet and tile. We stopped by on Saturday, no one was there shopping, and they have now dropped the price to $639K with upgrades!! Amazing! I thought maybe they would drop to the $700’s, but low $600’s this early in the game, yikes! It’s gonna be fun!

[wawawa]

GunDoc.

You want to learn and read more indepth analysis of real estate and finance mess you should read Calculatedrisk blog.

By the way congradulations for the bleow accomplishment.

“beat back my house hungry wife, but thats for another post.”

Good luck

[wawawa]

GunDoc.

You want to learn and read more indepth analysis of real estate and finance mess you should read Calculatedrisk blog.

By the way congradulations for the bleow accomplishment.

“beat back my house hungry wife, but thats for another post.”

Good luck

[wawawa]

GunDoc.

You want to learn and read more indepth analysis of real estate and finance mess you should read Calculatedrisk blog.

By the way congradulations for the bleow accomplishment.

“beat back my house hungry wife, but thats for another post.”

Good luck

[wawawa]

GunDoc.

You want to learn and read more indepth analysis of real estate and finance mess you should read Calculatedrisk blog.

By the way congradulations for the bleow accomplishment.

“beat back my house hungry wife, but thats for another post.”

Good luck

[wawawa]

GunDoc.

You want to learn and read more indepth analysis of real estate and finance mess you should read Calculatedrisk blog.

By the way congradulations for the bleow accomplishment.

“beat back my house hungry wife, but thats for another post.”

Good luck

[recordsclerk]

Wow, Montemar for 639K. I have a price sheet from July 07. These are the prices from July 07:
Plan 1 798K, 4150sqft
Plan 2 802K, 4250sqft
Plan 3 785K, 4450-4700sqft
These are the starting prices just 5 months ago.
Homes available at the time:
Lot 47 948K plan 1 many upgrades
Lot 50 814K sold
Lot 66 802K Plan 2 no upgrades
Lot 51 864K plan 3 some upgrades
Lot 49 864K Plan 3 some upgrades
Lot 63 785K Plan 3 no upgrades/still in building stages and buyer can still choose upgrades.
The sales person did say that there was some wiggle room, but not much. I think 200K is a lot of wiggle room.
Montemar is a nice house, not a good neighborhood.

[Bugs]

That’s a very undesirable area (to me) to be buying a 3,000+ SqFt house. I wouldn’t do it under any circumsances.

[Bugs]

That’s a very undesirable area (to me) to be buying a 3,000+ SqFt house. I wouldn’t do it under any circumsances.

[Bugs]

That’s a very undesirable area (to me) to be buying a 3,000+ SqFt house. I wouldn’t do it under any circumsances.

[Bugs]

That’s a very undesirable area (to me) to be buying a 3,000+ SqFt house. I wouldn’t do it under any circumsances.

[Bugs]

That’s a very undesirable area (to me) to be buying a 3,000+ SqFt house. I wouldn’t do it under any circumsances.

[recordsclerk]

Wow, Montemar for 639K. I have a price sheet from July 07. These are the prices from July 07:
Plan 1 798K, 4150sqft
Plan 2 802K, 4250sqft
Plan 3 785K, 4450-4700sqft
These are the starting prices just 5 months ago.
Homes available at the time:
Lot 47 948K plan 1 many upgrades
Lot 50 814K sold
Lot 66 802K Plan 2 no upgrades
Lot 51 864K plan 3 some upgrades
Lot 49 864K Plan 3 some upgrades
Lot 63 785K Plan 3 no upgrades/still in building stages and buyer can still choose upgrades.
The sales person did say that there was some wiggle room, but not much. I think 200K is a lot of wiggle room.
Montemar is a nice house, not a good neighborhood.

[recordsclerk]

Wow, Montemar for 639K. I have a price sheet from July 07. These are the prices from July 07:
Plan 1 798K, 4150sqft
Plan 2 802K, 4250sqft
Plan 3 785K, 4450-4700sqft
These are the starting prices just 5 months ago.
Homes available at the time:
Lot 47 948K plan 1 many upgrades
Lot 50 814K sold
Lot 66 802K Plan 2 no upgrades
Lot 51 864K plan 3 some upgrades
Lot 49 864K Plan 3 some upgrades
Lot 63 785K Plan 3 no upgrades/still in building stages and buyer can still choose upgrades.
The sales person did say that there was some wiggle room, but not much. I think 200K is a lot of wiggle room.
Montemar is a nice house, not a good neighborhood.

[recordsclerk]

Wow, Montemar for 639K. I have a price sheet from July 07. These are the prices from July 07:
Plan 1 798K, 4150sqft
Plan 2 802K, 4250sqft
Plan 3 785K, 4450-4700sqft
These are the starting prices just 5 months ago.
Homes available at the time:
Lot 47 948K plan 1 many upgrades
Lot 50 814K sold
Lot 66 802K Plan 2 no upgrades
Lot 51 864K plan 3 some upgrades
Lot 49 864K Plan 3 some upgrades
Lot 63 785K Plan 3 no upgrades/still in building stages and buyer can still choose upgrades.
The sales person did say that there was some wiggle room, but not much. I think 200K is a lot of wiggle room.
Montemar is a nice house, not a good neighborhood.

[recordsclerk]

Wow, Montemar for 639K. I have a price sheet from July 07. These are the prices from July 07:
Plan 1 798K, 4150sqft
Plan 2 802K, 4250sqft
Plan 3 785K, 4450-4700sqft
These are the starting prices just 5 months ago.
Homes available at the time:
Lot 47 948K plan 1 many upgrades
Lot 50 814K sold
Lot 66 802K Plan 2 no upgrades
Lot 51 864K plan 3 some upgrades
Lot 49 864K Plan 3 some upgrades
Lot 63 785K Plan 3 no upgrades/still in building stages and buyer can still choose upgrades.
The sales person did say that there was some wiggle room, but not much. I think 200K is a lot of wiggle room.
Montemar is a nice house, not a good neighborhood.

[novice1027]

One of the only new tract homes that my husband & I really liked, were the homes are at the back gate. They are the Montmar homes built by Richmond American. They are very nice McMansions. But we decided awhile ago, that we would never pay their original asking price on $900K+ and have to drive past Walmart, K-mart and Home town buffet everytime we left our house, for a home that cost close to a million dollars.
If we were to spend that kind of money I just wouldn’t want to drive through the ghetto to get in and out, and that is unfortunatly what you have to do.
Well as I said, the houses started out $900k to 1mil+, with no upgrades and the basic carpet and tile. We stopped by on Saturday, no one was there shopping, and they have now dropped the price to $639K with upgrades!! Amazing! I thought maybe they would drop to the $700’s, but low $600’s this early in the game, yikes! It’s gonna be fun!

[novice1027]

One of the only new tract homes that my husband & I really liked, were the homes are at the back gate. They are the Montmar homes built by Richmond American. They are very nice McMansions. But we decided awhile ago, that we would never pay their original asking price on $900K+ and have to drive past Walmart, K-mart and Home town buffet everytime we left our house, for a home that cost close to a million dollars.
If we were to spend that kind of money I just wouldn’t want to drive through the ghetto to get in and out, and that is unfortunatly what you have to do.
Well as I said, the houses started out $900k to 1mil+, with no upgrades and the basic carpet and tile. We stopped by on Saturday, no one was there shopping, and they have now dropped the price to $639K with upgrades!! Amazing! I thought maybe they would drop to the $700’s, but low $600’s this early in the game, yikes! It’s gonna be fun!

[novice1027]

One of the only new tract homes that my husband & I really liked, were the homes are at the back gate. They are the Montmar homes built by Richmond American. They are very nice McMansions. But we decided awhile ago, that we would never pay their original asking price on $900K+ and have to drive past Walmart, K-mart and Home town buffet everytime we left our house, for a home that cost close to a million dollars.
If we were to spend that kind of money I just wouldn’t want to drive through the ghetto to get in and out, and that is unfortunatly what you have to do.
Well as I said, the houses started out $900k to 1mil+, with no upgrades and the basic carpet and tile. We stopped by on Saturday, no one was there shopping, and they have now dropped the price to $639K with upgrades!! Amazing! I thought maybe they would drop to the $700’s, but low $600’s this early in the game, yikes! It’s gonna be fun!

[novice1027]

One of the only new tract homes that my husband & I really liked, were the homes are at the back gate. They are the Montmar homes built by Richmond American. They are very nice McMansions. But we decided awhile ago, that we would never pay their original asking price on $900K+ and have to drive past Walmart, K-mart and Home town buffet everytime we left our house, for a home that cost close to a million dollars.
If we were to spend that kind of money I just wouldn’t want to drive through the ghetto to get in and out, and that is unfortunatly what you have to do.
Well as I said, the houses started out $900k to 1mil+, with no upgrades and the basic carpet and tile. We stopped by on Saturday, no one was there shopping, and they have now dropped the price to $639K with upgrades!! Amazing! I thought maybe they would drop to the $700’s, but low $600’s this early in the game, yikes! It’s gonna be fun!

[SD Realtor]

This was a true sale. There was also a credit of 8500 from the seller to the buyer. Not a short sale nor an reo.

This seller got it.

SD Realtor

[SD Realtor]

This was a true sale. There was also a credit of 8500 from the seller to the buyer. Not a short sale nor an reo.

This seller got it.

SD Realtor

[SD Realtor]

This was a true sale. There was also a credit of 8500 from the seller to the buyer. Not a short sale nor an reo.

This seller got it.

SD Realtor

[SD Realtor]

This was a true sale. There was also a credit of 8500 from the seller to the buyer. Not a short sale nor an reo.

This seller got it.

SD Realtor

[GunDoctor]

update time.

Can one of you tell me if this house was bought or foreclosed on?
http://www.redfin.com/stingray/do/printable-listing?listing-id=1293315

RefFin says that it “sold” for 440K. So I guess that drastically dropping the price to get buyers attention helps in this market…

the other example
http://www.redfin.com/stingray/do/printable-listing?listing-id=1107307
is still listed but it is no longer an exception being a 2800 SQFT house for under 500k
these other houses are keeping up the pace as well.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1270579

http://www.redfin.com/stingray/do/printable-listing?listing-id=1335748

Now these are all the same models and size. If the 1st one aint going at 469K what are the chances that the other two will get more money? these sellers might want to do like the 1st example and drop that price real low and then bid up…if that is in fact what happened?

there is also this example.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1350747
it is about the same size…closer to the coast and it is about 20k less.

I have also noticed a trend of realtors not even bothering to post pictures on some listing.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1306732

it my opintion this is just a gimmick to get some fool to go to the trouble of submitting an offer to get the shortsale ball rolling…damn don’t waste my time. I should start a business where I get paid to submit super lowball offers, so these sellers can get the banks to take an interest. I’ll bid 300K for the above house 🙂 but only if you will either take the offer of give me money for wasting my time.

More Oceansides updates to come. I don’t think that Carmel vally and all of the cool places you all talk about will come down in price until these outlaying prices come back to earth. We shall see
gun

[GunDoctor]

update time.

Can one of you tell me if this house was bought or foreclosed on?
http://www.redfin.com/stingray/do/printable-listing?listing-id=1293315

RefFin says that it “sold” for 440K. So I guess that drastically dropping the price to get buyers attention helps in this market…

the other example
http://www.redfin.com/stingray/do/printable-listing?listing-id=1107307
is still listed but it is no longer an exception being a 2800 SQFT house for under 500k
these other houses are keeping up the pace as well.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1270579

http://www.redfin.com/stingray/do/printable-listing?listing-id=1335748

Now these are all the same models and size. If the 1st one aint going at 469K what are the chances that the other two will get more money? these sellers might want to do like the 1st example and drop that price real low and then bid up…if that is in fact what happened?

there is also this example.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1350747
it is about the same size…closer to the coast and it is about 20k less.

I have also noticed a trend of realtors not even bothering to post pictures on some listing.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1306732

it my opintion this is just a gimmick to get some fool to go to the trouble of submitting an offer to get the shortsale ball rolling…damn don’t waste my time. I should start a business where I get paid to submit super lowball offers, so these sellers can get the banks to take an interest. I’ll bid 300K for the above house 🙂 but only if you will either take the offer of give me money for wasting my time.

More Oceansides updates to come. I don’t think that Carmel vally and all of the cool places you all talk about will come down in price until these outlaying prices come back to earth. We shall see
gun

[GunDoctor]

update time.

Can one of you tell me if this house was bought or foreclosed on?
http://www.redfin.com/stingray/do/printable-listing?listing-id=1293315

RefFin says that it “sold” for 440K. So I guess that drastically dropping the price to get buyers attention helps in this market…

the other example
http://www.redfin.com/stingray/do/printable-listing?listing-id=1107307
is still listed but it is no longer an exception being a 2800 SQFT house for under 500k
these other houses are keeping up the pace as well.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1270579

http://www.redfin.com/stingray/do/printable-listing?listing-id=1335748

Now these are all the same models and size. If the 1st one aint going at 469K what are the chances that the other two will get more money? these sellers might want to do like the 1st example and drop that price real low and then bid up…if that is in fact what happened?

there is also this example.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1350747
it is about the same size…closer to the coast and it is about 20k less.

I have also noticed a trend of realtors not even bothering to post pictures on some listing.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1306732

it my opintion this is just a gimmick to get some fool to go to the trouble of submitting an offer to get the shortsale ball rolling…damn don’t waste my time. I should start a business where I get paid to submit super lowball offers, so these sellers can get the banks to take an interest. I’ll bid 300K for the above house 🙂 but only if you will either take the offer of give me money for wasting my time.

More Oceansides updates to come. I don’t think that Carmel vally and all of the cool places you all talk about will come down in price until these outlaying prices come back to earth. We shall see
gun

[GunDoctor]

update time.

Can one of you tell me if this house was bought or foreclosed on?
http://www.redfin.com/stingray/do/printable-listing?listing-id=1293315

RefFin says that it “sold” for 440K. So I guess that drastically dropping the price to get buyers attention helps in this market…

the other example
http://www.redfin.com/stingray/do/printable-listing?listing-id=1107307
is still listed but it is no longer an exception being a 2800 SQFT house for under 500k
these other houses are keeping up the pace as well.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1270579

http://www.redfin.com/stingray/do/printable-listing?listing-id=1335748

Now these are all the same models and size. If the 1st one aint going at 469K what are the chances that the other two will get more money? these sellers might want to do like the 1st example and drop that price real low and then bid up…if that is in fact what happened?

there is also this example.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1350747
it is about the same size…closer to the coast and it is about 20k less.

I have also noticed a trend of realtors not even bothering to post pictures on some listing.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1306732

it my opintion this is just a gimmick to get some fool to go to the trouble of submitting an offer to get the shortsale ball rolling…damn don’t waste my time. I should start a business where I get paid to submit super lowball offers, so these sellers can get the banks to take an interest. I’ll bid 300K for the above house 🙂 but only if you will either take the offer of give me money for wasting my time.

More Oceansides updates to come. I don’t think that Carmel vally and all of the cool places you all talk about will come down in price until these outlaying prices come back to earth. We shall see
gun

[Anonymous]

GunDoctor, tell your wife to hold her guns and keep her powder dry. The money she saves by waiting will fund her a nice retirement and college for the kids.

I’m a bankruptcy attorney who first started practice in the 1982 at the bottom of the real estate recession. I rented for a couple of years until the market started to stabilize, then bought a starter home for little money down (the sellers were just happy to find a buyer). I sold “too soon” in 1988, watching two more years of crazy appreciation. I married in 1989 and my wife immediately wanted to buy a home, which would have been at the top of the market in late 1989. But I kept telling my wife to wait because I could see the increase in my practice meant greater inventory and, therefore, lower prices in the future.

By 1993 we could wait no more at we had two young children. But the four year wait got us a much larger home in much better condition than the prices were would have paid in 1989. For the next several years I wistfully watched new listings at lower prices, but the “savings” we would have realized from waiting longer would not have been significant. More importantly (for my wife) none of those lower priced homes were as perfect for us as the one we paid “too much” for: $520,000 in 1993.

I think the advice you see on this site is very sound. A 40% to 50% drop from peak prices is very likely, although it may take the form of a combination of monetary inflaction and home price deflation. In other words, that $400,000 home may only go to $300,000 while your income increases at 8% for a few years. But the more the government attempts to stop or manipulate the process the slower any recovery will be. That is just the reality of a market economy.

So December 2009 would be my choice, but my all means start looking earlier in that year. You will have lots of inventory to view by then because there is still a flood of foreclosures coming (it takes banks a minimum of 12 months to obtain clear title to a home once a loan goes into default (3 months cajoling for payments, 4 months for notice of a trustee’s sale, 3 to 5 months in bankruptcy court). As somebody else stated on this site, we’re probably only in the second inning. But whether you buy in the fourth or ninth inning, the important thing is to find a home that you know you can live in for many years. If you can’t, or your employment is not stable for several years into the future, keep renting until the picture changes.

[GunDoctor]

Great advise thanks,

fighting with my wife about buying was vastly more difficult all the way up until this summer. she and most of her friend who would get togeather and talk about how much money they were making by simply owning. Hell I almost capitulated and figured that mayby prices do only go up. My only saving grace was that I grew up poor, real poor, and there is no way in hell I would pay over half a million dollars for some of the shacks that I was seeing. I work to hard to pay Half a mil and come home to mediocrity. I basically told the wife that we could not afford California and that we would just move back east were people and prices were “SANE”

Now a funny thing happened over this summer. Two of her frineds who were making all of the “money” in real estate are going into forclosure. She spent a couple of nights talking to them on the phone as they were crying and in distress. Before that happened she was all about getting whatever mortgage we could to get into a house.
Now she flat out told me that we will only take a fixed rate mortgage no matter what “I smiled when she said that” What a change of direction

That is how I know that this market is a dead as a doornail. When the financially uneducated “yes I count my wife in this group,” sentiment turns from its all easy money to “I don’t want to stay up and cry at night” its done like dinner.
I can see that my next fight is going to be to convince my wife around 2009-2010 to acutally buy someting. Could I wait all the way until 2012…yes. But I am more concerned with obtainig a nice place for my family and less with saving every last nickle.
gun.

[Bunny Meadows]

Hey Gun,

Are you active duty? You mentioned working on base? My husband just retired from the USAF after 20 years, and we’re living in Temecula.

I can really understand where your wife is coming from. A few years ago, I bought a condo in La Costa and quickly saw the price rise from $300K to $415K. It was INTOXICATING. When I married my husband, and moved to VA with him, I immediately began pressuring him to go in on a rental property – multi unit – with me. All I could see was $$$$.

Now, I’m so relieved that he was more conservative and stubborn. We’d be screwed right now if he had listened to me. That is possibly the ONLY time you will hear me say THAT!

Like your wife, I am DYING to get into our own house. The last three years have been nothing but moving, change, not knowing my neighbors, not feeling a sense of place, or roots. I just want to get into a place where I can paint the dining room red if I want to…plant a garden and be a part of a COMMUNITY.

But, after crusiing around this forum, I’m beginning to see the light. It will be really hard for me to wait till 2009 to buy…I am chomping at the bit. And part of me thinks, “nah…it cant go much lower.” But I’m going to be much more restrained than I usually am.

I’m not sure if you have a specific reason for Oceanside, but have you considered Temecula? Not sure if you have kids but it’s very family friendly up here – and I mean VERY – and the prices are dropping rapidly. Houses are bigger and I think it’s generally safer. Schools are good, wineries are nice and it’s not far from Pendleton. I’m going there tomorrow for an appt and it will probably only take about 20 minutes.

Good luck. Just wanted to give you another chick’s perspective!

Bunny 🙂

[Bunny Meadows]

Hey Gun,

Are you active duty? You mentioned working on base? My husband just retired from the USAF after 20 years, and we’re living in Temecula.

I can really understand where your wife is coming from. A few years ago, I bought a condo in La Costa and quickly saw the price rise from $300K to $415K. It was INTOXICATING. When I married my husband, and moved to VA with him, I immediately began pressuring him to go in on a rental property – multi unit – with me. All I could see was $$$$.

Now, I’m so relieved that he was more conservative and stubborn. We’d be screwed right now if he had listened to me. That is possibly the ONLY time you will hear me say THAT!

Like your wife, I am DYING to get into our own house. The last three years have been nothing but moving, change, not knowing my neighbors, not feeling a sense of place, or roots. I just want to get into a place where I can paint the dining room red if I want to…plant a garden and be a part of a COMMUNITY.

But, after crusiing around this forum, I’m beginning to see the light. It will be really hard for me to wait till 2009 to buy…I am chomping at the bit. And part of me thinks, “nah…it cant go much lower.” But I’m going to be much more restrained than I usually am.

I’m not sure if you have a specific reason for Oceanside, but have you considered Temecula? Not sure if you have kids but it’s very family friendly up here – and I mean VERY – and the prices are dropping rapidly. Houses are bigger and I think it’s generally safer. Schools are good, wineries are nice and it’s not far from Pendleton. I’m going there tomorrow for an appt and it will probably only take about 20 minutes.

Good luck. Just wanted to give you another chick’s perspective!

Bunny 🙂

[Bunny Meadows]

Hey Gun,

Are you active duty? You mentioned working on base? My husband just retired from the USAF after 20 years, and we’re living in Temecula.

I can really understand where your wife is coming from. A few years ago, I bought a condo in La Costa and quickly saw the price rise from $300K to $415K. It was INTOXICATING. When I married my husband, and moved to VA with him, I immediately began pressuring him to go in on a rental property – multi unit – with me. All I could see was $$$$.

Now, I’m so relieved that he was more conservative and stubborn. We’d be screwed right now if he had listened to me. That is possibly the ONLY time you will hear me say THAT!

Like your wife, I am DYING to get into our own house. The last three years have been nothing but moving, change, not knowing my neighbors, not feeling a sense of place, or roots. I just want to get into a place where I can paint the dining room red if I want to…plant a garden and be a part of a COMMUNITY.

But, after crusiing around this forum, I’m beginning to see the light. It will be really hard for me to wait till 2009 to buy…I am chomping at the bit. And part of me thinks, “nah…it cant go much lower.” But I’m going to be much more restrained than I usually am.

I’m not sure if you have a specific reason for Oceanside, but have you considered Temecula? Not sure if you have kids but it’s very family friendly up here – and I mean VERY – and the prices are dropping rapidly. Houses are bigger and I think it’s generally safer. Schools are good, wineries are nice and it’s not far from Pendleton. I’m going there tomorrow for an appt and it will probably only take about 20 minutes.

Good luck. Just wanted to give you another chick’s perspective!

Bunny 🙂

[Bunny Meadows]

Hey Gun,

Are you active duty? You mentioned working on base? My husband just retired from the USAF after 20 years, and we’re living in Temecula.

I can really understand where your wife is coming from. A few years ago, I bought a condo in La Costa and quickly saw the price rise from $300K to $415K. It was INTOXICATING. When I married my husband, and moved to VA with him, I immediately began pressuring him to go in on a rental property – multi unit – with me. All I could see was $$$$.

Now, I’m so relieved that he was more conservative and stubborn. We’d be screwed right now if he had listened to me. That is possibly the ONLY time you will hear me say THAT!

Like your wife, I am DYING to get into our own house. The last three years have been nothing but moving, change, not knowing my neighbors, not feeling a sense of place, or roots. I just want to get into a place where I can paint the dining room red if I want to…plant a garden and be a part of a COMMUNITY.

But, after crusiing around this forum, I’m beginning to see the light. It will be really hard for me to wait till 2009 to buy…I am chomping at the bit. And part of me thinks, “nah…it cant go much lower.” But I’m going to be much more restrained than I usually am.

I’m not sure if you have a specific reason for Oceanside, but have you considered Temecula? Not sure if you have kids but it’s very family friendly up here – and I mean VERY – and the prices are dropping rapidly. Houses are bigger and I think it’s generally safer. Schools are good, wineries are nice and it’s not far from Pendleton. I’m going there tomorrow for an appt and it will probably only take about 20 minutes.

Good luck. Just wanted to give you another chick’s perspective!

Bunny 🙂

[Bunny Meadows]

Hey Gun,

Are you active duty? You mentioned working on base? My husband just retired from the USAF after 20 years, and we’re living in Temecula.

I can really understand where your wife is coming from. A few years ago, I bought a condo in La Costa and quickly saw the price rise from $300K to $415K. It was INTOXICATING. When I married my husband, and moved to VA with him, I immediately began pressuring him to go in on a rental property – multi unit – with me. All I could see was $$$$.

Now, I’m so relieved that he was more conservative and stubborn. We’d be screwed right now if he had listened to me. That is possibly the ONLY time you will hear me say THAT!

Like your wife, I am DYING to get into our own house. The last three years have been nothing but moving, change, not knowing my neighbors, not feeling a sense of place, or roots. I just want to get into a place where I can paint the dining room red if I want to…plant a garden and be a part of a COMMUNITY.

But, after crusiing around this forum, I’m beginning to see the light. It will be really hard for me to wait till 2009 to buy…I am chomping at the bit. And part of me thinks, “nah…it cant go much lower.” But I’m going to be much more restrained than I usually am.

I’m not sure if you have a specific reason for Oceanside, but have you considered Temecula? Not sure if you have kids but it’s very family friendly up here – and I mean VERY – and the prices are dropping rapidly. Houses are bigger and I think it’s generally safer. Schools are good, wineries are nice and it’s not far from Pendleton. I’m going there tomorrow for an appt and it will probably only take about 20 minutes.

Good luck. Just wanted to give you another chick’s perspective!

Bunny 🙂

[GunDoctor]

Great advise thanks,

fighting with my wife about buying was vastly more difficult all the way up until this summer. she and most of her friend who would get togeather and talk about how much money they were making by simply owning. Hell I almost capitulated and figured that mayby prices do only go up. My only saving grace was that I grew up poor, real poor, and there is no way in hell I would pay over half a million dollars for some of the shacks that I was seeing. I work to hard to pay Half a mil and come home to mediocrity. I basically told the wife that we could not afford California and that we would just move back east were people and prices were “SANE”

Now a funny thing happened over this summer. Two of her frineds who were making all of the “money” in real estate are going into forclosure. She spent a couple of nights talking to them on the phone as they were crying and in distress. Before that happened she was all about getting whatever mortgage we could to get into a house.
Now she flat out told me that we will only take a fixed rate mortgage no matter what “I smiled when she said that” What a change of direction

That is how I know that this market is a dead as a doornail. When the financially uneducated “yes I count my wife in this group,” sentiment turns from its all easy money to “I don’t want to stay up and cry at night” its done like dinner.
I can see that my next fight is going to be to convince my wife around 2009-2010 to acutally buy someting. Could I wait all the way until 2012…yes. But I am more concerned with obtainig a nice place for my family and less with saving every last nickle.
gun.

[GunDoctor]

Great advise thanks,

fighting with my wife about buying was vastly more difficult all the way up until this summer. she and most of her friend who would get togeather and talk about how much money they were making by simply owning. Hell I almost capitulated and figured that mayby prices do only go up. My only saving grace was that I grew up poor, real poor, and there is no way in hell I would pay over half a million dollars for some of the shacks that I was seeing. I work to hard to pay Half a mil and come home to mediocrity. I basically told the wife that we could not afford California and that we would just move back east were people and prices were “SANE”

Now a funny thing happened over this summer. Two of her frineds who were making all of the “money” in real estate are going into forclosure. She spent a couple of nights talking to them on the phone as they were crying and in distress. Before that happened she was all about getting whatever mortgage we could to get into a house.
Now she flat out told me that we will only take a fixed rate mortgage no matter what “I smiled when she said that” What a change of direction

That is how I know that this market is a dead as a doornail. When the financially uneducated “yes I count my wife in this group,” sentiment turns from its all easy money to “I don’t want to stay up and cry at night” its done like dinner.
I can see that my next fight is going to be to convince my wife around 2009-2010 to acutally buy someting. Could I wait all the way until 2012…yes. But I am more concerned with obtainig a nice place for my family and less with saving every last nickle.
gun.

[GunDoctor]

Great advise thanks,

fighting with my wife about buying was vastly more difficult all the way up until this summer. she and most of her friend who would get togeather and talk about how much money they were making by simply owning. Hell I almost capitulated and figured that mayby prices do only go up. My only saving grace was that I grew up poor, real poor, and there is no way in hell I would pay over half a million dollars for some of the shacks that I was seeing. I work to hard to pay Half a mil and come home to mediocrity. I basically told the wife that we could not afford California and that we would just move back east were people and prices were “SANE”

Now a funny thing happened over this summer. Two of her frineds who were making all of the “money” in real estate are going into forclosure. She spent a couple of nights talking to them on the phone as they were crying and in distress. Before that happened she was all about getting whatever mortgage we could to get into a house.
Now she flat out told me that we will only take a fixed rate mortgage no matter what “I smiled when she said that” What a change of direction

That is how I know that this market is a dead as a doornail. When the financially uneducated “yes I count my wife in this group,” sentiment turns from its all easy money to “I don’t want to stay up and cry at night” its done like dinner.
I can see that my next fight is going to be to convince my wife around 2009-2010 to acutally buy someting. Could I wait all the way until 2012…yes. But I am more concerned with obtainig a nice place for my family and less with saving every last nickle.
gun.

[GunDoctor]

Great advise thanks,

fighting with my wife about buying was vastly more difficult all the way up until this summer. she and most of her friend who would get togeather and talk about how much money they were making by simply owning. Hell I almost capitulated and figured that mayby prices do only go up. My only saving grace was that I grew up poor, real poor, and there is no way in hell I would pay over half a million dollars for some of the shacks that I was seeing. I work to hard to pay Half a mil and come home to mediocrity. I basically told the wife that we could not afford California and that we would just move back east were people and prices were “SANE”

Now a funny thing happened over this summer. Two of her frineds who were making all of the “money” in real estate are going into forclosure. She spent a couple of nights talking to them on the phone as they were crying and in distress. Before that happened she was all about getting whatever mortgage we could to get into a house.
Now she flat out told me that we will only take a fixed rate mortgage no matter what “I smiled when she said that” What a change of direction

That is how I know that this market is a dead as a doornail. When the financially uneducated “yes I count my wife in this group,” sentiment turns from its all easy money to “I don’t want to stay up and cry at night” its done like dinner.
I can see that my next fight is going to be to convince my wife around 2009-2010 to acutally buy someting. Could I wait all the way until 2012…yes. But I am more concerned with obtainig a nice place for my family and less with saving every last nickle.
gun.

[Anonymous]

GunDoctor, tell your wife to hold her guns and keep her powder dry. The money she saves by waiting will fund her a nice retirement and college for the kids.

I’m a bankruptcy attorney who first started practice in the 1982 at the bottom of the real estate recession. I rented for a couple of years until the market started to stabilize, then bought a starter home for little money down (the sellers were just happy to find a buyer). I sold “too soon” in 1988, watching two more years of crazy appreciation. I married in 1989 and my wife immediately wanted to buy a home, which would have been at the top of the market in late 1989. But I kept telling my wife to wait because I could see the increase in my practice meant greater inventory and, therefore, lower prices in the future.

By 1993 we could wait no more at we had two young children. But the four year wait got us a much larger home in much better condition than the prices were would have paid in 1989. For the next several years I wistfully watched new listings at lower prices, but the “savings” we would have realized from waiting longer would not have been significant. More importantly (for my wife) none of those lower priced homes were as perfect for us as the one we paid “too much” for: $520,000 in 1993.

I think the advice you see on this site is very sound. A 40% to 50% drop from peak prices is very likely, although it may take the form of a combination of monetary inflaction and home price deflation. In other words, that $400,000 home may only go to $300,000 while your income increases at 8% for a few years. But the more the government attempts to stop or manipulate the process the slower any recovery will be. That is just the reality of a market economy.

So December 2009 would be my choice, but my all means start looking earlier in that year. You will have lots of inventory to view by then because there is still a flood of foreclosures coming (it takes banks a minimum of 12 months to obtain clear title to a home once a loan goes into default (3 months cajoling for payments, 4 months for notice of a trustee’s sale, 3 to 5 months in bankruptcy court). As somebody else stated on this site, we’re probably only in the second inning. But whether you buy in the fourth or ninth inning, the important thing is to find a home that you know you can live in for many years. If you can’t, or your employment is not stable for several years into the future, keep renting until the picture changes.

[Anonymous]

GunDoctor, tell your wife to hold her guns and keep her powder dry. The money she saves by waiting will fund her a nice retirement and college for the kids.

I’m a bankruptcy attorney who first started practice in the 1982 at the bottom of the real estate recession. I rented for a couple of years until the market started to stabilize, then bought a starter home for little money down (the sellers were just happy to find a buyer). I sold “too soon” in 1988, watching two more years of crazy appreciation. I married in 1989 and my wife immediately wanted to buy a home, which would have been at the top of the market in late 1989. But I kept telling my wife to wait because I could see the increase in my practice meant greater inventory and, therefore, lower prices in the future.

By 1993 we could wait no more at we had two young children. But the four year wait got us a much larger home in much better condition than the prices were would have paid in 1989. For the next several years I wistfully watched new listings at lower prices, but the “savings” we would have realized from waiting longer would not have been significant. More importantly (for my wife) none of those lower priced homes were as perfect for us as the one we paid “too much” for: $520,000 in 1993.

I think the advice you see on this site is very sound. A 40% to 50% drop from peak prices is very likely, although it may take the form of a combination of monetary inflaction and home price deflation. In other words, that $400,000 home may only go to $300,000 while your income increases at 8% for a few years. But the more the government attempts to stop or manipulate the process the slower any recovery will be. That is just the reality of a market economy.

So December 2009 would be my choice, but my all means start looking earlier in that year. You will have lots of inventory to view by then because there is still a flood of foreclosures coming (it takes banks a minimum of 12 months to obtain clear title to a home once a loan goes into default (3 months cajoling for payments, 4 months for notice of a trustee’s sale, 3 to 5 months in bankruptcy court). As somebody else stated on this site, we’re probably only in the second inning. But whether you buy in the fourth or ninth inning, the important thing is to find a home that you know you can live in for many years. If you can’t, or your employment is not stable for several years into the future, keep renting until the picture changes.

[Anonymous]

GunDoctor, tell your wife to hold her guns and keep her powder dry. The money she saves by waiting will fund her a nice retirement and college for the kids.

I’m a bankruptcy attorney who first started practice in the 1982 at the bottom of the real estate recession. I rented for a couple of years until the market started to stabilize, then bought a starter home for little money down (the sellers were just happy to find a buyer). I sold “too soon” in 1988, watching two more years of crazy appreciation. I married in 1989 and my wife immediately wanted to buy a home, which would have been at the top of the market in late 1989. But I kept telling my wife to wait because I could see the increase in my practice meant greater inventory and, therefore, lower prices in the future.

By 1993 we could wait no more at we had two young children. But the four year wait got us a much larger home in much better condition than the prices were would have paid in 1989. For the next several years I wistfully watched new listings at lower prices, but the “savings” we would have realized from waiting longer would not have been significant. More importantly (for my wife) none of those lower priced homes were as perfect for us as the one we paid “too much” for: $520,000 in 1993.

I think the advice you see on this site is very sound. A 40% to 50% drop from peak prices is very likely, although it may take the form of a combination of monetary inflaction and home price deflation. In other words, that $400,000 home may only go to $300,000 while your income increases at 8% for a few years. But the more the government attempts to stop or manipulate the process the slower any recovery will be. That is just the reality of a market economy.

So December 2009 would be my choice, but my all means start looking earlier in that year. You will have lots of inventory to view by then because there is still a flood of foreclosures coming (it takes banks a minimum of 12 months to obtain clear title to a home once a loan goes into default (3 months cajoling for payments, 4 months for notice of a trustee’s sale, 3 to 5 months in bankruptcy court). As somebody else stated on this site, we’re probably only in the second inning. But whether you buy in the fourth or ninth inning, the important thing is to find a home that you know you can live in for many years. If you can’t, or your employment is not stable for several years into the future, keep renting until the picture changes.

[Anonymous]

GunDoctor, tell your wife to hold her guns and keep her powder dry. The money she saves by waiting will fund her a nice retirement and college for the kids.

I’m a bankruptcy attorney who first started practice in the 1982 at the bottom of the real estate recession. I rented for a couple of years until the market started to stabilize, then bought a starter home for little money down (the sellers were just happy to find a buyer). I sold “too soon” in 1988, watching two more years of crazy appreciation. I married in 1989 and my wife immediately wanted to buy a home, which would have been at the top of the market in late 1989. But I kept telling my wife to wait because I could see the increase in my practice meant greater inventory and, therefore, lower prices in the future.

By 1993 we could wait no more at we had two young children. But the four year wait got us a much larger home in much better condition than the prices were would have paid in 1989. For the next several years I wistfully watched new listings at lower prices, but the “savings” we would have realized from waiting longer would not have been significant. More importantly (for my wife) none of those lower priced homes were as perfect for us as the one we paid “too much” for: $520,000 in 1993.

I think the advice you see on this site is very sound. A 40% to 50% drop from peak prices is very likely, although it may take the form of a combination of monetary inflaction and home price deflation. In other words, that $400,000 home may only go to $300,000 while your income increases at 8% for a few years. But the more the government attempts to stop or manipulate the process the slower any recovery will be. That is just the reality of a market economy.

So December 2009 would be my choice, but my all means start looking earlier in that year. You will have lots of inventory to view by then because there is still a flood of foreclosures coming (it takes banks a minimum of 12 months to obtain clear title to a home once a loan goes into default (3 months cajoling for payments, 4 months for notice of a trustee’s sale, 3 to 5 months in bankruptcy court). As somebody else stated on this site, we’re probably only in the second inning. But whether you buy in the fourth or ninth inning, the important thing is to find a home that you know you can live in for many years. If you can’t, or your employment is not stable for several years into the future, keep renting until the picture changes.

[Author]

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