Mira Mesa prices

[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..

[gn]

Bugs,

In your analysis, I noticed that you use a 10% down payment ($270k mortgage on a $300k purchase).

– Do investors typically use 10% when they do their analysis ?
– I thought lenders typically require a 30% down for an investment property, is that right ?

[gn]

Bugs,

In your analysis, I noticed that you use a 10% down payment ($270k mortgage on a $300k purchase).

– Do investors typically use 10% when they do their analysis ?
– I thought lenders typically require a 30% down for an investment property, is that right ?

[gn]

Bugs,

In your analysis, I noticed that you use a 10% down payment ($270k mortgage on a $300k purchase).

– Do investors typically use 10% when they do their analysis ?
– I thought lenders typically require a 30% down for an investment property, is that right ?

[gn]

Bugs,

In your analysis, I noticed that you use a 10% down payment ($270k mortgage on a $300k purchase).

– Do investors typically use 10% when they do their analysis ?
– I thought lenders typically require a 30% down for an investment property, is that right ?

[gn]

Bugs,

In your analysis, I noticed that you use a 10% down payment ($270k mortgage on a $300k purchase).

– Do investors typically use 10% when they do their analysis ?
– I thought lenders typically require a 30% down for an investment property, is that right ?

[DWCAP]

[quote=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.

1,509 | $415 | $353

I’d sure like to see that $30 million home 😉
[/quote]

are you kidding? I want to see this house! $415 for a 1509 sqft SFR! Sign me up!

[DWCAP]

[quote=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.

1,509 | $415 | $353

I’d sure like to see that $30 million home 😉
[/quote]

are you kidding? I want to see this house! $415 for a 1509 sqft SFR! Sign me up!

[DWCAP]

[quote=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.

1,509 | $415 | $353

I’d sure like to see that $30 million home 😉
[/quote]

are you kidding? I want to see this house! $415 for a 1509 sqft SFR! Sign me up!

[DWCAP]

[quote=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.

1,509 | $415 | $353

I’d sure like to see that $30 million home 😉
[/quote]

are you kidding? I want to see this house! $415 for a 1509 sqft SFR! Sign me up!

[DWCAP]

[quote=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.

1,509 | $415 | $353

I’d sure like to see that $30 million home 😉
[/quote]

are you kidding? I want to see this house! $415 for a 1509 sqft SFR! Sign me up!

[feraina]

[quote=noone]
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
[/quote]

noone, thanks for compiling the stats. That’s very useful.

Are you not counting slightly bigger SFR’s?

Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126

[feraina]

[quote=noone]
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
[/quote]

noone, thanks for compiling the stats. That’s very useful.

Are you not counting slightly bigger SFR’s?

Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126

[feraina]

[quote=noone]
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
[/quote]

noone, thanks for compiling the stats. That’s very useful.

Are you not counting slightly bigger SFR’s?

Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126

[feraina]

[quote=noone]
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
[/quote]

noone, thanks for compiling the stats. That’s very useful.

Are you not counting slightly bigger SFR’s?

Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126

[Author]

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