Menu

Home › Forums › Housing › Mira Mesa half-mil $ condos vs. bigger, better, cheaper sfrs

Viewing 15 posts - 61 through 75 (of 146 total)
1 2 3 4 5 6 … 8 9 10
  • Author
    Posts
  • February 9, 2009 at 4:15 PM #343977
    an
    Participant

    I personally would want land, but I guess some people like the condo life but with the ability own your own land and having a drive way. I don’t think any condo have drive way.

    I don’t know why those sell so well either. It perplexes me too, but obviously, there are people who prefer those over SFR 1 you posted, since that one has been on the market for awhile. Since the supply is low, all you need is a few people to be willing to buy at the asking price and it’ll get sold. BTW, the back yard for both SFR 1 and those townhouses are about the same size (tiny).

    February 9, 2009 at 4:22 PM #343428
    nostradamus
    Participant

    Well I’m the bottom of the ownership food chain– owning a condo about half a mile from those twin homes– yet I am in no denial and believe that condos in this area are toast. In my complex there are about 8 buildings, and each building has 10 units. In my building alone, we have 2 vacant foreclosures and one short sale. The asking prices are wildly different and the days-on-market are lengthy. I think a 20% drop from here should start to move things.

    In defense of condos I’ll say that they’re great for people who don’t care for yard work or exterior home maintenance. Also good for elderly or disabled people. The things that suck are the lack of a garage, and the popularity of wall-penetrating, bass-pumping home theater systems.

    February 9, 2009 at 4:22 PM #343748
    nostradamus
    Participant

    Well I’m the bottom of the ownership food chain– owning a condo about half a mile from those twin homes– yet I am in no denial and believe that condos in this area are toast. In my complex there are about 8 buildings, and each building has 10 units. In my building alone, we have 2 vacant foreclosures and one short sale. The asking prices are wildly different and the days-on-market are lengthy. I think a 20% drop from here should start to move things.

    In defense of condos I’ll say that they’re great for people who don’t care for yard work or exterior home maintenance. Also good for elderly or disabled people. The things that suck are the lack of a garage, and the popularity of wall-penetrating, bass-pumping home theater systems.

    February 9, 2009 at 4:22 PM #343856
    nostradamus
    Participant

    Well I’m the bottom of the ownership food chain– owning a condo about half a mile from those twin homes– yet I am in no denial and believe that condos in this area are toast. In my complex there are about 8 buildings, and each building has 10 units. In my building alone, we have 2 vacant foreclosures and one short sale. The asking prices are wildly different and the days-on-market are lengthy. I think a 20% drop from here should start to move things.

    In defense of condos I’ll say that they’re great for people who don’t care for yard work or exterior home maintenance. Also good for elderly or disabled people. The things that suck are the lack of a garage, and the popularity of wall-penetrating, bass-pumping home theater systems.

    February 9, 2009 at 4:22 PM #343885
    nostradamus
    Participant

    Well I’m the bottom of the ownership food chain– owning a condo about half a mile from those twin homes– yet I am in no denial and believe that condos in this area are toast. In my complex there are about 8 buildings, and each building has 10 units. In my building alone, we have 2 vacant foreclosures and one short sale. The asking prices are wildly different and the days-on-market are lengthy. I think a 20% drop from here should start to move things.

    In defense of condos I’ll say that they’re great for people who don’t care for yard work or exterior home maintenance. Also good for elderly or disabled people. The things that suck are the lack of a garage, and the popularity of wall-penetrating, bass-pumping home theater systems.

    February 9, 2009 at 4:22 PM #343982
    nostradamus
    Participant

    Well I’m the bottom of the ownership food chain– owning a condo about half a mile from those twin homes– yet I am in no denial and believe that condos in this area are toast. In my complex there are about 8 buildings, and each building has 10 units. In my building alone, we have 2 vacant foreclosures and one short sale. The asking prices are wildly different and the days-on-market are lengthy. I think a 20% drop from here should start to move things.

    In defense of condos I’ll say that they’re great for people who don’t care for yard work or exterior home maintenance. Also good for elderly or disabled people. The things that suck are the lack of a garage, and the popularity of wall-penetrating, bass-pumping home theater systems.

    February 9, 2009 at 4:47 PM #343448
    an
    Participant

    I personally HATE condo because of nosy HOA people having nothing better to do than telling you want you can/can’t put in your balcony, front porch, etc.

    February 9, 2009 at 4:47 PM #343768
    an
    Participant

    I personally HATE condo because of nosy HOA people having nothing better to do than telling you want you can/can’t put in your balcony, front porch, etc.

    February 9, 2009 at 4:47 PM #343876
    an
    Participant

    I personally HATE condo because of nosy HOA people having nothing better to do than telling you want you can/can’t put in your balcony, front porch, etc.

    February 9, 2009 at 4:47 PM #343905
    an
    Participant

    I personally HATE condo because of nosy HOA people having nothing better to do than telling you want you can/can’t put in your balcony, front porch, etc.

    February 9, 2009 at 4:47 PM #344003
    an
    Participant

    I personally HATE condo because of nosy HOA people having nothing better to do than telling you want you can/can’t put in your balcony, front porch, etc.

    February 9, 2009 at 4:50 PM #343453
    SD Realtor
    Participant

    SD Eng well said. The term PUD comes to mind. As you stated there are common areas in a PUD but you enjoy fee simple ownership which is the way to go. There is an HOA and an associated set of CCRs that you must comply to and in the extreme the HOA for a PUD has the same power over you the homeowner as an HOA for condominium ownership.

    As for the inventory north of Calle Cristobal I think we are starting to see some major cracks. I have seen two listings under 500k now and I would definitely place them as more preferable then these homes. My wife and I looked at renting in this subdivision a few years ago and ended up renting about 3 blocks east (still on the north side of Calle Cristobal) on Cheryl Ridge.

    I could not agree more with you though on all your other points.

    February 9, 2009 at 4:50 PM #343773
    SD Realtor
    Participant

    SD Eng well said. The term PUD comes to mind. As you stated there are common areas in a PUD but you enjoy fee simple ownership which is the way to go. There is an HOA and an associated set of CCRs that you must comply to and in the extreme the HOA for a PUD has the same power over you the homeowner as an HOA for condominium ownership.

    As for the inventory north of Calle Cristobal I think we are starting to see some major cracks. I have seen two listings under 500k now and I would definitely place them as more preferable then these homes. My wife and I looked at renting in this subdivision a few years ago and ended up renting about 3 blocks east (still on the north side of Calle Cristobal) on Cheryl Ridge.

    I could not agree more with you though on all your other points.

    February 9, 2009 at 4:50 PM #343881
    SD Realtor
    Participant

    SD Eng well said. The term PUD comes to mind. As you stated there are common areas in a PUD but you enjoy fee simple ownership which is the way to go. There is an HOA and an associated set of CCRs that you must comply to and in the extreme the HOA for a PUD has the same power over you the homeowner as an HOA for condominium ownership.

    As for the inventory north of Calle Cristobal I think we are starting to see some major cracks. I have seen two listings under 500k now and I would definitely place them as more preferable then these homes. My wife and I looked at renting in this subdivision a few years ago and ended up renting about 3 blocks east (still on the north side of Calle Cristobal) on Cheryl Ridge.

    I could not agree more with you though on all your other points.

    February 9, 2009 at 4:50 PM #343910
    SD Realtor
    Participant

    SD Eng well said. The term PUD comes to mind. As you stated there are common areas in a PUD but you enjoy fee simple ownership which is the way to go. There is an HOA and an associated set of CCRs that you must comply to and in the extreme the HOA for a PUD has the same power over you the homeowner as an HOA for condominium ownership.

    As for the inventory north of Calle Cristobal I think we are starting to see some major cracks. I have seen two listings under 500k now and I would definitely place them as more preferable then these homes. My wife and I looked at renting in this subdivision a few years ago and ended up renting about 3 blocks east (still on the north side of Calle Cristobal) on Cheryl Ridge.

    I could not agree more with you though on all your other points.

  • Author
    Posts
Viewing 15 posts - 61 through 75 (of 146 total)
1 2 3 4 5 6 … 8 9 10
  • You must be logged in to reply to this topic.