Mira Mesa prices

[peterb]

We’re so used to seeing real estate in CA rise over a 10 year time frame that we tend to automatically consider paying rent as “throwing away money”. But really, it’s all a financial decision. Comparing rent to buying from a financial perspective still requires that one calculate all the real cost involved. I have been a landlord and a home owner for many years. Even with all the tax deductions, etc…if it werent for appreciation, being a landlord would be a losing position. If you look at states with very low levels of appreciation, often the only arguement for home ownership is that over the long haul one gains equity in the house by paying off the loan. And then eventually lives mortgage free or at least very reduced due to inflation reducing the mortgage over time and the tax deductions.

[Eugene]

You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.

[Eugene]

You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.

[Eugene]

You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.

[Eugene]

You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.

[Eugene]

You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.

[noone]

I just wanted to add a little data. Here are recent closings on 3/2 in Mira Mesa (from sdlookup.com), and what the prices would be if there is another 15% decline. I believe these are all SFRs.

Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150

I’d sure like to see that $30 million home 😉

[noone]

I just wanted to add a little data. Here are recent closings on 3/2 in Mira Mesa (from sdlookup.com), and what the prices would be if there is another 15% decline. I believe these are all SFRs.

Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150

I’d sure like to see that $30 million home 😉

[noone]

I just wanted to add a little data. Here are recent closings on 3/2 in Mira Mesa (from sdlookup.com), and what the prices would be if there is another 15% decline. I believe these are all SFRs.

Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150

I’d sure like to see that $30 million home 😉

[noone]

I just wanted to add a little data. Here are recent closings on 3/2 in Mira Mesa (from sdlookup.com), and what the prices would be if there is another 15% decline. I believe these are all SFRs.

Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150

I’d sure like to see that $30 million home 😉

[noone]

I just wanted to add a little data. Here are recent closings on 3/2 in Mira Mesa (from sdlookup.com), and what the prices would be if there is another 15% decline. I believe these are all SFRs.

Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150

I’d sure like to see that $30 million home 😉

[ibjames]

I love this! I take a shot in the dark and it blows up into a large thread.

The problem I’m having is that I pay 2k for rent right now, and am trying to find a point where it would make sense to buy.

When I look at prices of MM homes, I can’t help but think they have to come down. I’m renting in Solana Beach, I guess I will be a perm. renter then if prices don’t come down more.

Part of me also wonders if MM prices may actually start to demand what they are currently at and not decline. As gas gets worse, people are going to look to move closer to work. I know that is the main reason I would live there, plus it is one of the only places that I think I would be able to afford..

[ibjames]

I love this! I take a shot in the dark and it blows up into a large thread.

The problem I’m having is that I pay 2k for rent right now, and am trying to find a point where it would make sense to buy.

When I look at prices of MM homes, I can’t help but think they have to come down. I’m renting in Solana Beach, I guess I will be a perm. renter then if prices don’t come down more.

Part of me also wonders if MM prices may actually start to demand what they are currently at and not decline. As gas gets worse, people are going to look to move closer to work. I know that is the main reason I would live there, plus it is one of the only places that I think I would be able to afford..

[ibjames]

I love this! I take a shot in the dark and it blows up into a large thread.

The problem I’m having is that I pay 2k for rent right now, and am trying to find a point where it would make sense to buy.

When I look at prices of MM homes, I can’t help but think they have to come down. I’m renting in Solana Beach, I guess I will be a perm. renter then if prices don’t come down more.

Part of me also wonders if MM prices may actually start to demand what they are currently at and not decline. As gas gets worse, people are going to look to move closer to work. I know that is the main reason I would live there, plus it is one of the only places that I think I would be able to afford..

[ibjames]

I love this! I take a shot in the dark and it blows up into a large thread.

The problem I’m having is that I pay 2k for rent right now, and am trying to find a point where it would make sense to buy.

When I look at prices of MM homes, I can’t help but think they have to come down. I’m renting in Solana Beach, I guess I will be a perm. renter then if prices don’t come down more.

Part of me also wonders if MM prices may actually start to demand what they are currently at and not decline. As gas gets worse, people are going to look to move closer to work. I know that is the main reason I would live there, plus it is one of the only places that I think I would be able to afford..

[Author]

Posts