Mira Mesa: no longer affordable for <$200k

[bearishgurl]

[quote=flu]I stopped getting weekly emails from redfin about Mira Mesa about two weeks ago. I thought there was something wrong with my email, so I checked out my redfin account.

Then I realized why.

I had my slumlord filter set to properties with asking prices less than $200k.

Well, there isn’t any anymore.

My, has times changed.

https://www.redfin.com/zipcode/92126
[/quote]Uh, well, back to the OP . . . flu, as a LL in Mira Mesa, were you referring to yourself as a “slumlord” or to everyone who already has or is looking for investment properties in MM)?

The OP makes the reader kinda wonder what flu really thinks of being a landlord there, lol ….

[bearishgurl]

[quote=AN]Not only that, but I think this is definitely one of her best gem in awhile:

[quote=bearishgurl]Again, MM is nothing special but it just so happened to be already situated in the “right place” when high tech and biotech employers decided to set up shop in SD.[/quote][/quote]

AN, you’re our “resident expert” on MM. Do you know of any Historic homes there, view homes built on canyon bluffs and/or cliffs, homes designed by local architects, custom homes, yards with 80+ year-old trees, homes with acreages, etc. I mean …. besides being on ’70’s thru ’90’s tracts, are there really any other “redeeming qualities” (besides proximity to job centers) to the single family homes there?

Be honest.

[an]

[quote=bearishgurl][quote=AN]Not only that, but I think this is definitely one of her best gem in awhile:

[quote=bearishgurl]Again, MM is nothing special but it just so happened to be already situated in the “right place” when high tech and biotech employers decided to set up shop in SD.[/quote][/quote]

AN, you’re our “resident expert” on MM. Do you know of any Historic homes there, view homes on canyons bluffs and/or cliffs, homes designed by local architects, custom homes, yards with 80+ year-old trees, homes with acreages, etc. I mean …. besides being on ’70’s thru ’90’s tracts, are there really any other “redeeming qualities” (besides proximity to job centers) to the single family homes there?

Be honest.[/quote]I hate those old ass homes. If those are my only choice, I’d buy it and tear it down.

Yes, there are canyon view homes with some on 1/3-1/2 acre lots. There is even a few $1.8M+ custom homes designed by some architect. I hate those homes and think they ugly as hell.

As for other redeeming qualities, how about being 2-8 miles from the coast, being a few miles from UCSD, being 15-20 minutes from almost anywhere worth going to in SD county, have good schools, etc.

But I’m sure you don’t really care about getting real answers.

[flyer]

One last OT comment on investments.

To our surprise, over the past few years, our private film
investments–including those in the exploding Chinese market–(and yes, some of us Boomers are aware of cutting edge opportunities) have now surpassed our real estate and most other investments.

Although I cannot and will not recommend this path to anyone because it is extremely risky, and timing was essential (we’ve participated through friends) I just thought I’d mention it, in case anyone wants to explore this option with their financial contacts, and at their own risk.

(Do not consider this financial, legal or any other type of advice.)

[bearishgurl]

[quote=AN][quote=bearishgurl]AN, you’re our “resident expert” on MM. Do you know of any Historic homes there, view homes on canyons bluffs and/or cliffs, homes designed by local architects, custom homes, yards with 80+ year-old trees, homes with acreages, etc. I mean …. besides being on ’70’s thru ’90’s tracts, are there really any other “redeeming qualities” (besides proximity to job centers) to the single family homes there?

Be honest.[/quote]I hate those old ass homes. If those are my only choice, I’d buy it and tear it down.

Yes, there are canyon view homes with some on 1/3-1/2 acre lots. There is even a few $1.8M+ custom homes designed by some architect. I hate those homes and think they ugly as hell.

As for other redeeming qualities, how about being 2-8 miles from the coast, being a few miles from UCSD, being 15-20 minutes from almost anywhere worth going to in SD county, have good schools, etc.

But I’m sure you don’t really care about getting real answers.[/quote]AN, agree with everything you’re saying and if you’re referring to the ugly box homes on Lopez Canyon as “architect-designed” homes, I know about those albatrosses but didn’t realize they were actually in MM. Can you post a link here of one of MM’s canyon-view homes with a 1/3 to 1/2 AC lot? It doesn’t have to be for sale. I was unaware that that kind of tract existed in MM.

If you think about it, other “working class” areas I mentioned in SD County such as Lemon Grove, Nat’l City and Chula Vista have ALL of those types of homes I mentioned above and all three cities are 5-20 mins from almost everywhere in SD metro, south and east county. However, Chula Vista is the only city out of three which has just as good or better public schools as MM. NC and CV are situated on SD Bay and Lemon Grove is about 8 miles inland. I agree that proximity of UCSD is a huge benefit for MM residents.

I just like more “room” in my environment (street not filled up with parked cars, etc) and I like to be able to get out and do errands locally without fighting a lot of traffic. I prefer the charm of “vintage” homes with large yards, good setback, space between homes and big trees over miles of matching tract homes but of course, that is a personal preference. I’m happy for longtime residents of MM that they are now seeing property appreciation like they’ve never seen before but realize that it is a very well-established community (SFR tracts) and not very transient and so longtime owners there aren’t very likely to list their homes. As such, all this recent appreciation in MM is just a “paper profit” for the vast majority of longtime residents. Hence, we consistently see poor levels of inventory there. And I think the flippers are pretty much done in MM as well as it doesn’t make sense to buy a “fixer” at today’s prices and then try to flip it. Even though when MM was first developed, it was an outlier, it is now very centrally located and its SFR tracts are stable. I agree that MM has a lot going for it.

[Coronita]

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[an]

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[FlyerInHi]

BG, location, location, location. MM is near tech centers of San Diego. New demographics.

When are you moving to your small town retirement home? I wish people like you would move away so we can have more bright lights, big city.

These are some pictures of Playa Vista, in LA. We can use more of that in San Diego. UTC/Mira Mesa are ideal for that.
https://www.google.com/search?q=naples+florida&biw=1344&bih=686&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwi8-qK5tqDLAhVCSSYKHQ3gAbgQ_AUIBygC#tbm=isch&q=playa+vista+los+angeles

[FlyerInHi]

[quote=AN] What you’re wishing for is in the works. Once the blue line extension is completed to UTC, it’ll be extended to Mira Mesa. This will be a mix-used mid to high density development. Here’s some info for you: http://miramesatowncouncil.org/doc/Plangrp/Stone%20Creek/StoneCreekUpdate2016Jan.pdf
[/quote]

I love it. That will be a great improvement for Mira Mesa.

[FlyerInHi]

[quote=flyer]
To our surprise, over the past few years, our private film
investments–including those in the exploding Chinese market–(and yes, some of us Boomers are aware of cutting edge opportunities) have now surpassed our real estate and most other investments. [/quote]

Good for you! China has a booming film and entertainment market. I see so many Hollywood films with Alibaba credits these days.

I see a lot of Hong Kong/China influence on Hollywood action films (not my style to watch from beginning to end, but it’s OK to play as background entertainment)

[bearishgurl]

[quote=FlyerInHi]. . . These are some pictures of Playa Vista, in LA. We can use more of that in San Diego. UTC/Mira Mesa are ideal for that.
https://www.google.com/search?q=naples+florida&biw=1344&bih=686&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwi8-qK5tqDLAhVCSSYKHQ3gAbgQ_AUIBygC#tbm=isch&q=playa+vista+los+angeles
[/quote]

FIH, some of those pics remind me of Fashion Valley SD, which was built on a “Type A” floodplain up against protected wetlands further west and also out east towards Qualcomm Stadium. High grade and luxury condo complexes followed soon after on the north side of Friars Rd.

I’m certain these developers fought LA County and environmental lawsuits for YEARS, even DECADES before any ground broke on this massive project. I noticed quite a bit of the wetlands have been preserved and most of the mid-rise shops and condos are situated not too far above ground level. I wonder what materials were used in a “glass breakwater” project in attempt to protect the buildings from flooding in a big rain. Big rock? Well, that didn’t do much to protect the Fashion Valley area, especially between the mall and I-8 service road. I don’t know how old this project is but time will tell if portions of it are intermittently underwater after several days of rain.

It appears that most of the land Playa Vista sits on (and surrounds) was never developed until recently for good reason.

[bearishgurl]

[quote=FlyerInHi]. . . When are you moving to your small town retirement home? I wish people like you would move away so we can have more bright lights, big city. . . [/quote]

FIH, you don’t have to worry about me exercising any of my NIMBY muscles around here anytime soon. I can go on living my life, never having to lift a finger in that direction because I/we have a very vocal senior-citizen cohort of neighbors who have a lot of time on their hands to work their local political contacts higher up the food chain and line up to testify at city council meetings, etc. Several years ago, this group was able to successfully get the city to veto Big D‘s plans for an 8-12 story mixed use bldg in dtn Chula Vista with a basement pkg garage, offices on the ground floor and condos on the other floors.

IIRC, at first, this group got the proposed bldg knocked down from 12 stories to 8 stories and then were eventually successful in convincing the city to run the developer out of town on their ears.

This 4+ AC lot is still sitting empty today, surrounded by chain link.

Sorry to hear the fine citizens residing in the SD North City area aren’t as effective and politically savvy as us “southerners.” The truth is, no one can erase a longtime residents’ average of 50 years residency in the city NOR can they erase WHO these longtime residents have met (and courted) along the way. It is what it is :=0

[flyer]

BG, I admire the fact that you are doing everything you can in your area to at least try to “curb” the growth–much as the citizens of CV did with One Paseo.

With so little buildable land left, builders are definitely desperate these days, and are willing to exploit any scrap of dirt they can find–especially in San Diego.

Places like Playa Vista are great developments, and have a lot to offer. Yet, although friends who are long-time residents of Marina Del Rey, Manhattan Beach, etc., like having the amenities they offer nearby, they are not looking forward to the added congestion they will bring to the area–especially the beaches–which are already a zoo. I’ll take our beautiful and peaceful Del Mar and Torrey Pines beaches any day compared to that.

Like you, we don’t live near any of these concrete jungles, so, continue your valiant efforts, but also try to enjoy the fact that these developments bring added resources–just far enough away–so that we too can enjoy what they have to offer without sacrificing our way of life.

[an]

I’m hoping there aren’t as many NIMBYism folks in MM as people in Chula Vista. This development is need. This will transform MM from a nondescript suburb to a true town w/ a town center.

[FlyerInHi]

BG, new developments bring businesses and jobs. If we can build more and taller buildings in UTC/Mira Mesa and more housing, we can attract companies like Lumina. The bigger the cluster of tech we have, the better the jobs and property values.

If you fight development, your progeny will have to look elsewhere for jobs.

[Author]

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