Mira Mesa, 7424 Mason Heights Ln, $464K

[an]

Personally, I think at 290k, it’ll be cheaper for you to buy this place instead of renting this place. So, asking how low it go is just like asking how high it’ll go in 2003. No one knows, because it’s pure psychology at that point. You have greed on the way up and fear on the way.

[fm]

I believe it will depend on median household income and an approximate multiplier of that, say 3x or similar. Prices may have been lower in 2000, but people with reasonable jobs make more now than then.

[fm]

I believe it will depend on median household income and an approximate multiplier of that, say 3x or similar. Prices may have been lower in 2000, but people with reasonable jobs make more now than then.

[fm]

I believe it will depend on median household income and an approximate multiplier of that, say 3x or similar. Prices may have been lower in 2000, but people with reasonable jobs make more now than then.

[fm]

I believe it will depend on median household income and an approximate multiplier of that, say 3x or similar. Prices may have been lower in 2000, but people with reasonable jobs make more now than then.

[fm]

I believe it will depend on median household income and an approximate multiplier of that, say 3x or similar. Prices may have been lower in 2000, but people with reasonable jobs make more now than then.

[SD Transplant]

FM,

You bring up a great/logical point. However, logic and the housing market don’t go hand-in-hand. It might be plenty of pressure for the Mira Mesa to get down to reality because the local income don’t support/reflect current pricing. I do hope to a decent GRM or 3x income in the area. I’ve found a site that provides some interesting Demographics/stats for the area issued in 2005.

Demographics for Zip Code 92126

Full report here:
http://homes.point2.com/Neighborhood/US/California/San-Diego-County/San-Diego/Mira-Mesa-Demographics.aspx

Income / Financial (Zip: 92126)
Average Household Income $79,268
Median Household Income $67,466
Median Income Under 25 $48,045
Median Income 25-34 $66,129
Median Income 35-44 $72,227
Median Income 45-54 $71,409
Median Income 55-64 $70,012
Median Income 65-74 $60,383
Median Income Over 75 $55,775
Percent increase/decrease in income since 1990 56.0 %
Percent increase/decrease in income since 2000 10.0 %
Average Household Net Worth $141,401
Median Household Net Worth $43,638
Average Home Sale Price $447,588
Median Total Debts $34,967
Sales Tax Rate 7.7500 %
Sales Tax Type PL
Average Total Household Expenditure $60,010

[SD Transplant]

FM,

You bring up a great/logical point. However, logic and the housing market don’t go hand-in-hand. It might be plenty of pressure for the Mira Mesa to get down to reality because the local income don’t support/reflect current pricing. I do hope to a decent GRM or 3x income in the area. I’ve found a site that provides some interesting Demographics/stats for the area issued in 2005.

Demographics for Zip Code 92126

Full report here:
http://homes.point2.com/Neighborhood/US/California/San-Diego-County/San-Diego/Mira-Mesa-Demographics.aspx

Income / Financial (Zip: 92126)
Average Household Income $79,268
Median Household Income $67,466
Median Income Under 25 $48,045
Median Income 25-34 $66,129
Median Income 35-44 $72,227
Median Income 45-54 $71,409
Median Income 55-64 $70,012
Median Income 65-74 $60,383
Median Income Over 75 $55,775
Percent increase/decrease in income since 1990 56.0 %
Percent increase/decrease in income since 2000 10.0 %
Average Household Net Worth $141,401
Median Household Net Worth $43,638
Average Home Sale Price $447,588
Median Total Debts $34,967
Sales Tax Rate 7.7500 %
Sales Tax Type PL
Average Total Household Expenditure $60,010

[SD Transplant]

FM,

You bring up a great/logical point. However, logic and the housing market don’t go hand-in-hand. It might be plenty of pressure for the Mira Mesa to get down to reality because the local income don’t support/reflect current pricing. I do hope to a decent GRM or 3x income in the area. I’ve found a site that provides some interesting Demographics/stats for the area issued in 2005.

Demographics for Zip Code 92126

Full report here:
http://homes.point2.com/Neighborhood/US/California/San-Diego-County/San-Diego/Mira-Mesa-Demographics.aspx

Income / Financial (Zip: 92126)
Average Household Income $79,268
Median Household Income $67,466
Median Income Under 25 $48,045
Median Income 25-34 $66,129
Median Income 35-44 $72,227
Median Income 45-54 $71,409
Median Income 55-64 $70,012
Median Income 65-74 $60,383
Median Income Over 75 $55,775
Percent increase/decrease in income since 1990 56.0 %
Percent increase/decrease in income since 2000 10.0 %
Average Household Net Worth $141,401
Median Household Net Worth $43,638
Average Home Sale Price $447,588
Median Total Debts $34,967
Sales Tax Rate 7.7500 %
Sales Tax Type PL
Average Total Household Expenditure $60,010

[SD Transplant]

FM,

You bring up a great/logical point. However, logic and the housing market don’t go hand-in-hand. It might be plenty of pressure for the Mira Mesa to get down to reality because the local income don’t support/reflect current pricing. I do hope to a decent GRM or 3x income in the area. I’ve found a site that provides some interesting Demographics/stats for the area issued in 2005.

Demographics for Zip Code 92126

Full report here:
http://homes.point2.com/Neighborhood/US/California/San-Diego-County/San-Diego/Mira-Mesa-Demographics.aspx

Income / Financial (Zip: 92126)
Average Household Income $79,268
Median Household Income $67,466
Median Income Under 25 $48,045
Median Income 25-34 $66,129
Median Income 35-44 $72,227
Median Income 45-54 $71,409
Median Income 55-64 $70,012
Median Income 65-74 $60,383
Median Income Over 75 $55,775
Percent increase/decrease in income since 1990 56.0 %
Percent increase/decrease in income since 2000 10.0 %
Average Household Net Worth $141,401
Median Household Net Worth $43,638
Average Home Sale Price $447,588
Median Total Debts $34,967
Sales Tax Rate 7.7500 %
Sales Tax Type PL
Average Total Household Expenditure $60,010

[SD Transplant]

FM,

You bring up a great/logical point. However, logic and the housing market don’t go hand-in-hand. It might be plenty of pressure for the Mira Mesa to get down to reality because the local income don’t support/reflect current pricing. I do hope to a decent GRM or 3x income in the area. I’ve found a site that provides some interesting Demographics/stats for the area issued in 2005.

Demographics for Zip Code 92126

Full report here:
http://homes.point2.com/Neighborhood/US/California/San-Diego-County/San-Diego/Mira-Mesa-Demographics.aspx

Income / Financial (Zip: 92126)
Average Household Income $79,268
Median Household Income $67,466
Median Income Under 25 $48,045
Median Income 25-34 $66,129
Median Income 35-44 $72,227
Median Income 45-54 $71,409
Median Income 55-64 $70,012
Median Income 65-74 $60,383
Median Income Over 75 $55,775
Percent increase/decrease in income since 1990 56.0 %
Percent increase/decrease in income since 2000 10.0 %
Average Household Net Worth $141,401
Median Household Net Worth $43,638
Average Home Sale Price $447,588
Median Total Debts $34,967
Sales Tax Rate 7.7500 %
Sales Tax Type PL
Average Total Household Expenditure $60,010

[pepsi]

Carmel Valley: REO 57, Auction: 36, MLS: 269, Total: about 360,

April Sold: about 50  => 7 months

Mira Mesa: REO: 281 Auction: 102, MLS: 247, Total: 630

April Sold: about 67 => 9 months

[pepsi]

Carmel Valley: REO 57, Auction: 36, MLS: 269, Total: about 360,

April Sold: about 50  => 7 months

Mira Mesa: REO: 281 Auction: 102, MLS: 247, Total: 630

April Sold: about 67 => 9 months

[pepsi]

Carmel Valley: REO 57, Auction: 36, MLS: 269, Total: about 360,

April Sold: about 50  => 7 months

Mira Mesa: REO: 281 Auction: 102, MLS: 247, Total: 630

April Sold: about 67 => 9 months

[pepsi]

Carmel Valley: REO 57, Auction: 36, MLS: 269, Total: about 360,

April Sold: about 50  => 7 months

Mira Mesa: REO: 281 Auction: 102, MLS: 247, Total: 630

April Sold: about 67 => 9 months

[Author]

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