Is Santaluz filled with White Elephants?

[Eugene]

[quote=HomeShopping]
Total house costs per month = about $13,300

Would seem to me that annual family income needs to be at least $500K to afford that. I’m assuming that most people, like me, need to save for retirement, college costs for kids, etc.

Are there still a lot of jobs making at least $500K after the banking crisis?[/quote]

There aren’t a lot of jobs making 500K, but there aren’t a lot of houses worth 2M, either.

Also, transactions in 2M and up price range commonly involve 50% to 100% cash. It is difficult to earn your way into a 2M house by working a salaried 8 to 5 job for someone else. Some people do (UCSD chancellor makes 350k; surgeons sometimes have salaries pushing 500k/year) but this is mostly
a self-employed/business owner land.

[JustLurking]

I live in a neighborhood of $2M plus homes. Who are the neighbors? Cardiologist married to a plastic surgeon, attorney married to business owner, professional athlete, retired people who “downsized” from a 10,000 squre foot home, several C-level execs at local companies, many small business owners… There ARE plenty of people with money.

[JustLurking]

I live in a neighborhood of $2M plus homes. Who are the neighbors? Cardiologist married to a plastic surgeon, attorney married to business owner, professional athlete, retired people who “downsized” from a 10,000 squre foot home, several C-level execs at local companies, many small business owners… There ARE plenty of people with money.

[JustLurking]

I live in a neighborhood of $2M plus homes. Who are the neighbors? Cardiologist married to a plastic surgeon, attorney married to business owner, professional athlete, retired people who “downsized” from a 10,000 squre foot home, several C-level execs at local companies, many small business owners… There ARE plenty of people with money.

[JustLurking]

I live in a neighborhood of $2M plus homes. Who are the neighbors? Cardiologist married to a plastic surgeon, attorney married to business owner, professional athlete, retired people who “downsized” from a 10,000 squre foot home, several C-level execs at local companies, many small business owners… There ARE plenty of people with money.

[JustLurking]

I live in a neighborhood of $2M plus homes. Who are the neighbors? Cardiologist married to a plastic surgeon, attorney married to business owner, professional athlete, retired people who “downsized” from a 10,000 squre foot home, several C-level execs at local companies, many small business owners… There ARE plenty of people with money.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[La Jolla Renter]

There WERE plenty of people with money.

And there are a lot fewer of them now.

[La Jolla Renter]

There WERE plenty of people with money.

And there are a lot fewer of them now.

[La Jolla Renter]

There WERE plenty of people with money.

And there are a lot fewer of them now.

[La Jolla Renter]

There WERE plenty of people with money.

And there are a lot fewer of them now.

[Author]

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