Lucera Condo – $199k

[patientlywaiting]

Thanks SD Realtor. This unit #1114 was bought at $446k. It will be near 1/2 off if it sells in the low $200s. I guess we’ll know when/if it closes.

http://www.sdlookup.com/Property-63E350E6-7130_Shoreline_Dr_1114_San_Diego_CA_92122

[sdnerd]

Re: patiently

In my world, based on the people I know and the conversations I hear – I disagree. There is significant demand outside of sites like this.

All the 20 & 30 year olds, and everyone else who found themselves priced out of the market have been saving up. Fast forward 5-6 years, and many of those people have saved up down payments & are making a lot more money. A lot of people are having kids, and raising families.

Prices are falling, rates are still low, and there are going to be a lot of great opportunities to buy.

If young people were going to move back to the mid-west, they would have already done so. It’s always been cheaper there, nothing has changed. They didn’t however – they got roomates, lived at homed, they saved up.

And I think many of them (myself included) are going to be buying homes at very discounted prices, with very large down payments over the next few years.

People want to live in San Diego, and people who run their companies want them to be here & places like Silicon Valley, etc. Good luck getting VC funding with a company based in Idaho vs. San Francisco.

That’s just IMHO though. I’m under 30, so that’s the general age bracket I tend to associate with most often.

[sdnerd]

Re: patiently

In my world, based on the people I know and the conversations I hear – I disagree. There is significant demand outside of sites like this.

All the 20 & 30 year olds, and everyone else who found themselves priced out of the market have been saving up. Fast forward 5-6 years, and many of those people have saved up down payments & are making a lot more money. A lot of people are having kids, and raising families.

Prices are falling, rates are still low, and there are going to be a lot of great opportunities to buy.

If young people were going to move back to the mid-west, they would have already done so. It’s always been cheaper there, nothing has changed. They didn’t however – they got roomates, lived at homed, they saved up.

And I think many of them (myself included) are going to be buying homes at very discounted prices, with very large down payments over the next few years.

People want to live in San Diego, and people who run their companies want them to be here & places like Silicon Valley, etc. Good luck getting VC funding with a company based in Idaho vs. San Francisco.

That’s just IMHO though. I’m under 30, so that’s the general age bracket I tend to associate with most often.

[sdnerd]

Re: patiently

In my world, based on the people I know and the conversations I hear – I disagree. There is significant demand outside of sites like this.

All the 20 & 30 year olds, and everyone else who found themselves priced out of the market have been saving up. Fast forward 5-6 years, and many of those people have saved up down payments & are making a lot more money. A lot of people are having kids, and raising families.

Prices are falling, rates are still low, and there are going to be a lot of great opportunities to buy.

If young people were going to move back to the mid-west, they would have already done so. It’s always been cheaper there, nothing has changed. They didn’t however – they got roomates, lived at homed, they saved up.

And I think many of them (myself included) are going to be buying homes at very discounted prices, with very large down payments over the next few years.

People want to live in San Diego, and people who run their companies want them to be here & places like Silicon Valley, etc. Good luck getting VC funding with a company based in Idaho vs. San Francisco.

That’s just IMHO though. I’m under 30, so that’s the general age bracket I tend to associate with most often.

[sdnerd]

Re: patiently

In my world, based on the people I know and the conversations I hear – I disagree. There is significant demand outside of sites like this.

All the 20 & 30 year olds, and everyone else who found themselves priced out of the market have been saving up. Fast forward 5-6 years, and many of those people have saved up down payments & are making a lot more money. A lot of people are having kids, and raising families.

Prices are falling, rates are still low, and there are going to be a lot of great opportunities to buy.

If young people were going to move back to the mid-west, they would have already done so. It’s always been cheaper there, nothing has changed. They didn’t however – they got roomates, lived at homed, they saved up.

And I think many of them (myself included) are going to be buying homes at very discounted prices, with very large down payments over the next few years.

People want to live in San Diego, and people who run their companies want them to be here & places like Silicon Valley, etc. Good luck getting VC funding with a company based in Idaho vs. San Francisco.

That’s just IMHO though. I’m under 30, so that’s the general age bracket I tend to associate with most often.

[sdnerd]

Re: patiently

In my world, based on the people I know and the conversations I hear – I disagree. There is significant demand outside of sites like this.

All the 20 & 30 year olds, and everyone else who found themselves priced out of the market have been saving up. Fast forward 5-6 years, and many of those people have saved up down payments & are making a lot more money. A lot of people are having kids, and raising families.

Prices are falling, rates are still low, and there are going to be a lot of great opportunities to buy.

If young people were going to move back to the mid-west, they would have already done so. It’s always been cheaper there, nothing has changed. They didn’t however – they got roomates, lived at homed, they saved up.

And I think many of them (myself included) are going to be buying homes at very discounted prices, with very large down payments over the next few years.

People want to live in San Diego, and people who run their companies want them to be here & places like Silicon Valley, etc. Good luck getting VC funding with a company based in Idaho vs. San Francisco.

That’s just IMHO though. I’m under 30, so that’s the general age bracket I tend to associate with most often.

[jpinpb]

Are we forgetting the boomers that will be selling? California, San Diego in particular, is a little too expensive for those on a fixed income. I see some of them selling and moving in w/kids in their McMansions, moving into smaller places, 55+ places, retirement communities, Palm Springs, Arizona, Florida, eventually nursing homes, etc.

I think most will need to sell, use the money to help w/med care, alike. Those who pass on who didn’t sell will leave their homes to the kids who will sell and split money. Kids will need $$$ to help pay for their own places.

I forget where I read the HUGE number of boomers, which easily exceed the X, Y gen.

[jpinpb]

Are we forgetting the boomers that will be selling? California, San Diego in particular, is a little too expensive for those on a fixed income. I see some of them selling and moving in w/kids in their McMansions, moving into smaller places, 55+ places, retirement communities, Palm Springs, Arizona, Florida, eventually nursing homes, etc.

I think most will need to sell, use the money to help w/med care, alike. Those who pass on who didn’t sell will leave their homes to the kids who will sell and split money. Kids will need $$$ to help pay for their own places.

I forget where I read the HUGE number of boomers, which easily exceed the X, Y gen.

[jpinpb]

Are we forgetting the boomers that will be selling? California, San Diego in particular, is a little too expensive for those on a fixed income. I see some of them selling and moving in w/kids in their McMansions, moving into smaller places, 55+ places, retirement communities, Palm Springs, Arizona, Florida, eventually nursing homes, etc.

I think most will need to sell, use the money to help w/med care, alike. Those who pass on who didn’t sell will leave their homes to the kids who will sell and split money. Kids will need $$$ to help pay for their own places.

I forget where I read the HUGE number of boomers, which easily exceed the X, Y gen.

[jpinpb]

Are we forgetting the boomers that will be selling? California, San Diego in particular, is a little too expensive for those on a fixed income. I see some of them selling and moving in w/kids in their McMansions, moving into smaller places, 55+ places, retirement communities, Palm Springs, Arizona, Florida, eventually nursing homes, etc.

I think most will need to sell, use the money to help w/med care, alike. Those who pass on who didn’t sell will leave their homes to the kids who will sell and split money. Kids will need $$$ to help pay for their own places.

I forget where I read the HUGE number of boomers, which easily exceed the X, Y gen.

[jpinpb]

Are we forgetting the boomers that will be selling? California, San Diego in particular, is a little too expensive for those on a fixed income. I see some of them selling and moving in w/kids in their McMansions, moving into smaller places, 55+ places, retirement communities, Palm Springs, Arizona, Florida, eventually nursing homes, etc.

I think most will need to sell, use the money to help w/med care, alike. Those who pass on who didn’t sell will leave their homes to the kids who will sell and split money. Kids will need $$$ to help pay for their own places.

I forget where I read the HUGE number of boomers, which easily exceed the X, Y gen.

[patientlywaiting]

sdnerd, you’re young so that’s why you think that way. You’ll learn in due course.

I love my fellow Piggs and I want everyone to be safe during the upcoming recession.

If I were you, sdnerd, I would look for a job with a real company with real income, positive cash flow and solid balance sheet.

Easily 1/2 of the tech companies in SD are speculative investments for the venture capitaliststs who funded them. They are hopping to flip in a buyout. Those companies are negative cash flows with hardly any real revenues.

What made the buyouts possibble since 1996? High stock values as currency, then, after 2001, easy money. One deal gone bad was Pfizer’s purchase of Agouron.

Those two factors that funded buyouts, are now gone. I see the vultures of the near future raiding companies for cash rather than vapor technology.

[patientlywaiting]

sdnerd, you’re young so that’s why you think that way. You’ll learn in due course.

I love my fellow Piggs and I want everyone to be safe during the upcoming recession.

If I were you, sdnerd, I would look for a job with a real company with real income, positive cash flow and solid balance sheet.

Easily 1/2 of the tech companies in SD are speculative investments for the venture capitaliststs who funded them. They are hopping to flip in a buyout. Those companies are negative cash flows with hardly any real revenues.

What made the buyouts possibble since 1996? High stock values as currency, then, after 2001, easy money. One deal gone bad was Pfizer’s purchase of Agouron.

Those two factors that funded buyouts, are now gone. I see the vultures of the near future raiding companies for cash rather than vapor technology.

[patientlywaiting]

sdnerd, you’re young so that’s why you think that way. You’ll learn in due course.

I love my fellow Piggs and I want everyone to be safe during the upcoming recession.

If I were you, sdnerd, I would look for a job with a real company with real income, positive cash flow and solid balance sheet.

Easily 1/2 of the tech companies in SD are speculative investments for the venture capitaliststs who funded them. They are hopping to flip in a buyout. Those companies are negative cash flows with hardly any real revenues.

What made the buyouts possibble since 1996? High stock values as currency, then, after 2001, easy money. One deal gone bad was Pfizer’s purchase of Agouron.

Those two factors that funded buyouts, are now gone. I see the vultures of the near future raiding companies for cash rather than vapor technology.

[patientlywaiting]

sdnerd, you’re young so that’s why you think that way. You’ll learn in due course.

I love my fellow Piggs and I want everyone to be safe during the upcoming recession.

If I were you, sdnerd, I would look for a job with a real company with real income, positive cash flow and solid balance sheet.

Easily 1/2 of the tech companies in SD are speculative investments for the venture capitaliststs who funded them. They are hopping to flip in a buyout. Those companies are negative cash flows with hardly any real revenues.

What made the buyouts possibble since 1996? High stock values as currency, then, after 2001, easy money. One deal gone bad was Pfizer’s purchase of Agouron.

Those two factors that funded buyouts, are now gone. I see the vultures of the near future raiding companies for cash rather than vapor technology.

[Author]

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