It’s not all gloom and doom. “Silly” Valley values booming

[briansd1]

[quote=bearishgurl]
brian, consider that your “means” in Silly Valley may very well be much higher than SD. Therefore, it’s all relative, except for the “worker worth” factor. If you’re paid 20-50% higher than SD area for the same job in Silly Valley and later decide to accept a job in NC’s “research triangle,” (east coast) your “worth” is equal to what you are currently being paid (+ a possible percentage over that). That’s what they’ll have to pay to have you grace their presence. It is what it is.

Think about it.[/quote]

True, that only works for a minority. For the majority, in high cost areas, they have to contend with a lower standard of living.

I have a friend in NYC who got a PhD from NYU. His requirements for a job was in NYC, Los Angeles or SF. He would not live anywhere else, so he accepted a job at a small university in NYC. His means are definitely not higher in NYC.

[an]

[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?

[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.

[an]

[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?

[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.

[an]

[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?

[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.

[an]

[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?

[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.

[an]

[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?

[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.

[briansd1]

I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.

[briansd1]

I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.

[briansd1]

I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.

[briansd1]

I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.

[briansd1]

I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.

[an]

[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.

[an]

[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.

[an]

[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.

[an]

[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.

The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.

The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.

You’re better off buying a tract house within your means and fixing it up to the way you want it.

Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.

But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.

[Author]

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