Lucera Condo – $199k

[Anonymous]

Downtown condos may never recover to their boom highs. The fact is, they overbuilt big time, and most of the demand was artificial via speculators. There simply isn’t a huge demand for people wanting condos downtown at any price.

Now, when prices settle down in 2-3 years, I agree there will be some great prices downtown if that’s where you want to live. But it will not be a good investment.

[jpinpb]

I think some of the condo conversions in UTC and CV were purchased by investors/speculators, as downtown. Although no degree in necessary as those in biotech, realtors and many in construction were making huge salaries. I think there is a domino effect and there are so many factors tugging at the price. Are there still loans that will be resetting in June? More defaults and foreclosures will influence housing in San Diego in general. I believe all the different neighborhoods compete w/each other.

I know there are some deals downtown and I would consider it, but we need a garage and few and far between downtown. Hard to come by. That is one criteria for us. We would not consider Temecula or Chula Vista, but there are many other parts of San Diego that we check.

If I’m that way, I would think other people are as well. There may be pent up demand, but qualifying criterias will have a say and deals in some areas will help some people decide where to buy.

[jpinpb]

I think some of the condo conversions in UTC and CV were purchased by investors/speculators, as downtown. Although no degree in necessary as those in biotech, realtors and many in construction were making huge salaries. I think there is a domino effect and there are so many factors tugging at the price. Are there still loans that will be resetting in June? More defaults and foreclosures will influence housing in San Diego in general. I believe all the different neighborhoods compete w/each other.

I know there are some deals downtown and I would consider it, but we need a garage and few and far between downtown. Hard to come by. That is one criteria for us. We would not consider Temecula or Chula Vista, but there are many other parts of San Diego that we check.

If I’m that way, I would think other people are as well. There may be pent up demand, but qualifying criterias will have a say and deals in some areas will help some people decide where to buy.

[jpinpb]

I think some of the condo conversions in UTC and CV were purchased by investors/speculators, as downtown. Although no degree in necessary as those in biotech, realtors and many in construction were making huge salaries. I think there is a domino effect and there are so many factors tugging at the price. Are there still loans that will be resetting in June? More defaults and foreclosures will influence housing in San Diego in general. I believe all the different neighborhoods compete w/each other.

I know there are some deals downtown and I would consider it, but we need a garage and few and far between downtown. Hard to come by. That is one criteria for us. We would not consider Temecula or Chula Vista, but there are many other parts of San Diego that we check.

If I’m that way, I would think other people are as well. There may be pent up demand, but qualifying criterias will have a say and deals in some areas will help some people decide where to buy.

[jpinpb]

I think some of the condo conversions in UTC and CV were purchased by investors/speculators, as downtown. Although no degree in necessary as those in biotech, realtors and many in construction were making huge salaries. I think there is a domino effect and there are so many factors tugging at the price. Are there still loans that will be resetting in June? More defaults and foreclosures will influence housing in San Diego in general. I believe all the different neighborhoods compete w/each other.

I know there are some deals downtown and I would consider it, but we need a garage and few and far between downtown. Hard to come by. That is one criteria for us. We would not consider Temecula or Chula Vista, but there are many other parts of San Diego that we check.

If I’m that way, I would think other people are as well. There may be pent up demand, but qualifying criterias will have a say and deals in some areas will help some people decide where to buy.

[jpinpb]

I think some of the condo conversions in UTC and CV were purchased by investors/speculators, as downtown. Although no degree in necessary as those in biotech, realtors and many in construction were making huge salaries. I think there is a domino effect and there are so many factors tugging at the price. Are there still loans that will be resetting in June? More defaults and foreclosures will influence housing in San Diego in general. I believe all the different neighborhoods compete w/each other.

I know there are some deals downtown and I would consider it, but we need a garage and few and far between downtown. Hard to come by. That is one criteria for us. We would not consider Temecula or Chula Vista, but there are many other parts of San Diego that we check.

If I’m that way, I would think other people are as well. There may be pent up demand, but qualifying criterias will have a say and deals in some areas will help some people decide where to buy.

[patientlywaiting]

We tend to project too much of our own needs onto others. Many of the people checking real estate sites are dying to buy. But not the Average Joe. Remember Average Joe consumer is who makes the market.

No, I don’t think that there is pent-up demand for housing. The demand was there when there was appreciation (that’s what people where demanding).

We’ll see plenty of young people move back to the Midwest.

As far as Biotech and Tech is concerned, there will be major layoffs also because those companies don’t generate revenues to be self-sustaining. They depend on venture capital money and those investors were flippers for the appreciation just as much as house buyers. If the prospects of buyouts disappear, the venture funds will say bye bye also.

Looks at the Biotech closings in SD (Elan, Pfizer and more to come). Biotech is a bubble that will last about two decades. Consumers will stop popping all the magic new pills they’ve been taking because those pills generally don’t work better than the generics.

My prediction is that we’ll have outmigration from San Diego to rival the bad old days of the 1990s.

Time will tell.

[patientlywaiting]

We tend to project too much of our own needs onto others. Many of the people checking real estate sites are dying to buy. But not the Average Joe. Remember Average Joe consumer is who makes the market.

No, I don’t think that there is pent-up demand for housing. The demand was there when there was appreciation (that’s what people where demanding).

We’ll see plenty of young people move back to the Midwest.

As far as Biotech and Tech is concerned, there will be major layoffs also because those companies don’t generate revenues to be self-sustaining. They depend on venture capital money and those investors were flippers for the appreciation just as much as house buyers. If the prospects of buyouts disappear, the venture funds will say bye bye also.

Looks at the Biotech closings in SD (Elan, Pfizer and more to come). Biotech is a bubble that will last about two decades. Consumers will stop popping all the magic new pills they’ve been taking because those pills generally don’t work better than the generics.

My prediction is that we’ll have outmigration from San Diego to rival the bad old days of the 1990s.

Time will tell.

[patientlywaiting]

We tend to project too much of our own needs onto others. Many of the people checking real estate sites are dying to buy. But not the Average Joe. Remember Average Joe consumer is who makes the market.

No, I don’t think that there is pent-up demand for housing. The demand was there when there was appreciation (that’s what people where demanding).

We’ll see plenty of young people move back to the Midwest.

As far as Biotech and Tech is concerned, there will be major layoffs also because those companies don’t generate revenues to be self-sustaining. They depend on venture capital money and those investors were flippers for the appreciation just as much as house buyers. If the prospects of buyouts disappear, the venture funds will say bye bye also.

Looks at the Biotech closings in SD (Elan, Pfizer and more to come). Biotech is a bubble that will last about two decades. Consumers will stop popping all the magic new pills they’ve been taking because those pills generally don’t work better than the generics.

My prediction is that we’ll have outmigration from San Diego to rival the bad old days of the 1990s.

Time will tell.

[patientlywaiting]

We tend to project too much of our own needs onto others. Many of the people checking real estate sites are dying to buy. But not the Average Joe. Remember Average Joe consumer is who makes the market.

No, I don’t think that there is pent-up demand for housing. The demand was there when there was appreciation (that’s what people where demanding).

We’ll see plenty of young people move back to the Midwest.

As far as Biotech and Tech is concerned, there will be major layoffs also because those companies don’t generate revenues to be self-sustaining. They depend on venture capital money and those investors were flippers for the appreciation just as much as house buyers. If the prospects of buyouts disappear, the venture funds will say bye bye also.

Looks at the Biotech closings in SD (Elan, Pfizer and more to come). Biotech is a bubble that will last about two decades. Consumers will stop popping all the magic new pills they’ve been taking because those pills generally don’t work better than the generics.

My prediction is that we’ll have outmigration from San Diego to rival the bad old days of the 1990s.

Time will tell.

[patientlywaiting]

We tend to project too much of our own needs onto others. Many of the people checking real estate sites are dying to buy. But not the Average Joe. Remember Average Joe consumer is who makes the market.

No, I don’t think that there is pent-up demand for housing. The demand was there when there was appreciation (that’s what people where demanding).

We’ll see plenty of young people move back to the Midwest.

As far as Biotech and Tech is concerned, there will be major layoffs also because those companies don’t generate revenues to be self-sustaining. They depend on venture capital money and those investors were flippers for the appreciation just as much as house buyers. If the prospects of buyouts disappear, the venture funds will say bye bye also.

Looks at the Biotech closings in SD (Elan, Pfizer and more to come). Biotech is a bubble that will last about two decades. Consumers will stop popping all the magic new pills they’ve been taking because those pills generally don’t work better than the generics.

My prediction is that we’ll have outmigration from San Diego to rival the bad old days of the 1990s.

Time will tell.

[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

[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

[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

[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

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