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  • April 3, 2009 at 8:53 PM #376237
    patientrenter
    Participant

    [quote=jimklinge]Thanks for the comments!

    I’m still hanging on to my guess that superior homes will keep their value better, and I’ll give you a recent example.

    I sold a 3,911sf one-story view house in La Costa Oaks, currently pending at $1.3, when the buyer could have walked across the street and bought a 4,714sf two-story REO with no view for $979,900.

    Will it last? I think the buyers will keep holding out for the best houses, and step up and buy them – for more money, if needed. The goal for buyers is to get the extras for free, when and where you can.[/quote]

    You’re a celebrity, Jim, and a hero to us long-time real estate skeptics.

    I agree that prices are holding up for the good properties and the good areas. And they may hold onto much of their elevated price level if the government continues to pour unlimited money into the lending market. But if that torrent of cheap and easy money has to be cut back for any reason, the prices will start to go down more in line with the lower end of the market. That may not happen for the next few months, and maybe not even for the next couple of years, but this is a marathon, not a sprint. There is still a real chance that the govt will have to cut back before they have ignited high inflation, which is the only long term way out of a price drop at the high end.

    I wish you the best, and thank you for the entertainment you provide us armchair commenters.

    April 4, 2009 at 3:18 PM #376651
    sdrealtor
    Participant

    Hate to be party pooper on the “superior home” but arent we missing some key information?

    The 4,714 sf no view home sold new for $1.06M and had close to zero builder or post builder upgrades, poor landscaping and is an REO. Thats looks like a loss of no more than $150K w/o factoring in selling costs.

    The 3,911 one-story view house sold new for $1.58M and had alot more post builder upgrades and landscaping. I’m thinking the loss on that one is close to $400K w/o factoring in selling costs.

    Sorry guys but it looks like the inferior home held up much better……

    April 4, 2009 at 3:18 PM #376815
    sdrealtor
    Participant

    Hate to be party pooper on the “superior home” but arent we missing some key information?

    The 4,714 sf no view home sold new for $1.06M and had close to zero builder or post builder upgrades, poor landscaping and is an REO. Thats looks like a loss of no more than $150K w/o factoring in selling costs.

    The 3,911 one-story view house sold new for $1.58M and had alot more post builder upgrades and landscaping. I’m thinking the loss on that one is close to $400K w/o factoring in selling costs.

    Sorry guys but it looks like the inferior home held up much better……

    April 4, 2009 at 3:18 PM #376692
    sdrealtor
    Participant

    Hate to be party pooper on the “superior home” but arent we missing some key information?

    The 4,714 sf no view home sold new for $1.06M and had close to zero builder or post builder upgrades, poor landscaping and is an REO. Thats looks like a loss of no more than $150K w/o factoring in selling costs.

    The 3,911 one-story view house sold new for $1.58M and had alot more post builder upgrades and landscaping. I’m thinking the loss on that one is close to $400K w/o factoring in selling costs.

    Sorry guys but it looks like the inferior home held up much better……

    April 4, 2009 at 3:18 PM #376193
    sdrealtor
    Participant

    Hate to be party pooper on the “superior home” but arent we missing some key information?

    The 4,714 sf no view home sold new for $1.06M and had close to zero builder or post builder upgrades, poor landscaping and is an REO. Thats looks like a loss of no more than $150K w/o factoring in selling costs.

    The 3,911 one-story view house sold new for $1.58M and had alot more post builder upgrades and landscaping. I’m thinking the loss on that one is close to $400K w/o factoring in selling costs.

    Sorry guys but it looks like the inferior home held up much better……

    April 4, 2009 at 3:18 PM #376471
    sdrealtor
    Participant

    Hate to be party pooper on the “superior home” but arent we missing some key information?

    The 4,714 sf no view home sold new for $1.06M and had close to zero builder or post builder upgrades, poor landscaping and is an REO. Thats looks like a loss of no more than $150K w/o factoring in selling costs.

    The 3,911 one-story view house sold new for $1.58M and had alot more post builder upgrades and landscaping. I’m thinking the loss on that one is close to $400K w/o factoring in selling costs.

    Sorry guys but it looks like the inferior home held up much better……

    April 4, 2009 at 9:10 PM #376538
    jimklinge
    Participant

    You don’t hate it, you love it.

    April 4, 2009 at 9:10 PM #376882
    jimklinge
    Participant

    You don’t hate it, you love it.

    April 4, 2009 at 9:10 PM #376759
    jimklinge
    Participant

    You don’t hate it, you love it.

    April 4, 2009 at 9:10 PM #376718
    jimklinge
    Participant

    You don’t hate it, you love it.

    April 4, 2009 at 9:10 PM #376259
    jimklinge
    Participant

    You don’t hate it, you love it.

    April 4, 2009 at 9:23 PM #376264
    sdrealtor
    Participant

    No actually I hate it. Just came off a few days of soul searching high atop the mountains in Hawaii. Last year was not a happy year for me personally and I brought alot of that to this blog. I left it in the clouds this week. Expect a kinder and gentler sdr going forward. Its just still tough for me to turn my cheek when I see something so obviously skewed…I brought data which is what this blog is all about. ..I’ll try to be better…..In the meantime, care to comment on what i posted beyond a smarmy comment?

    April 4, 2009 at 9:23 PM #376723
    sdrealtor
    Participant

    No actually I hate it. Just came off a few days of soul searching high atop the mountains in Hawaii. Last year was not a happy year for me personally and I brought alot of that to this blog. I left it in the clouds this week. Expect a kinder and gentler sdr going forward. Its just still tough for me to turn my cheek when I see something so obviously skewed…I brought data which is what this blog is all about. ..I’ll try to be better…..In the meantime, care to comment on what i posted beyond a smarmy comment?

    April 4, 2009 at 9:23 PM #376886
    sdrealtor
    Participant

    No actually I hate it. Just came off a few days of soul searching high atop the mountains in Hawaii. Last year was not a happy year for me personally and I brought alot of that to this blog. I left it in the clouds this week. Expect a kinder and gentler sdr going forward. Its just still tough for me to turn my cheek when I see something so obviously skewed…I brought data which is what this blog is all about. ..I’ll try to be better…..In the meantime, care to comment on what i posted beyond a smarmy comment?

    April 4, 2009 at 9:23 PM #376764
    sdrealtor
    Participant

    No actually I hate it. Just came off a few days of soul searching high atop the mountains in Hawaii. Last year was not a happy year for me personally and I brought alot of that to this blog. I left it in the clouds this week. Expect a kinder and gentler sdr going forward. Its just still tough for me to turn my cheek when I see something so obviously skewed…I brought data which is what this blog is all about. ..I’ll try to be better…..In the meantime, care to comment on what i posted beyond a smarmy comment?

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