One Paseo Apartments For Rent: 92130

[FlyerInHi]

It doesn’t have to be a high-end development. Maybe something engineers from India or China are familiar with. You’d need economies of scale that integrate the facilities and stores that people needs.

One of Irwin Jacobs’ son is a developer. Maybe he’s listening.

Another thing, is why doesn’t the City not leverage location and lease out pads at parks (other than balboa park) to Starbucks, Dunkin’ Donuts, 7 Eleven at city parks? It would add convenience and a source of income. Again, it’s about innovation. You have to try it to see if it’ll work. Some neighborhood parks are busy and could support businesses.

I have a tenant from Greece who complains to me that America has no butchers or small stores to buy daily stuff. I told him that there are some in the village of La Jolla, or New York or San Francisco. Some in hillcrest and north park.

Back to millennials, there are now more “luxury” apartments in suburban areas, near job centers catering to them. Developers are building on spec then selling to private equity, hedge funds

[Coronita]

[quote=Myriad][quote] there is a luxury complex already in Mira Mesa.

Casa Mira View

engineers tend to be stingy. they are saving for home ownership[/quote]

LOL, that place. non-luxury rentals for luxury prices. Also, mostly forgot about transit when they built that place.
Probably the biggest hindrance to creating density in CA is that most people with families want SFH. Most people aren’t ready to accept living with kids in a small condo. Then there’s the whole school/school district preferences.[/quote]

yup…. I was saying just putting a complex that looks like high end with high end prices isn’t going to work ….

[an]

[quote=flu]yup…. I was saying just putting a complex that looks like high end with high end prices isn’t going to work ….[/quote]Why do you think it doesn’t work? Several of my millennial coworkers are either living there or will be living there soon.

[Coronita]

[quote=AN][quote=flu]yup…. I was saying just putting a complex that looks like high end with high end prices isn’t going to work ….[/quote]Why do you think it doesn’t work? Several of my millennial coworkers are either living there or will be living there soon.[/quote]

it won’t work for the demographics that Brian mentioned … It might work for other demographics. But then it also depends on how much over average rent is

[temeculaguy]

[quote=FlyerInHi]Our urban plans are decades old, post WWII, and preserved by baby boomers who are clinging to dear life and the lifestyle that they are most familiar with. Therefore it’s nearly impossible to innovate and deliver new housing products.

Just sell Mira Mesa mall to a Chinese developer and give him carte blanche to innovate and you will see what’s possible. You may not like the end products, by other people will, and they will gladly buy. It’s not about anyone in particular, it’s about delivering innovative products that people want to buy.[/quote]

Funny you’d say that, my personal experience is the opposite. Having raised some millennials and now seeing them choose their housing I see that they will not venture South of the 52 and certainly not the 8. They shy away from transit and they shy away from “innovative products.” Perhaps it is because getting married and starting to think of having children changes their priorities. Maybe it’s because they have lived in urban cores in other countries and lived for years without a passenger car makes them crave a car and a garage and a yard. I’m not sure, but I wouldn’t bet my money that Brian’s generation won’t slowly start abandoning him. If the recent years increase traffic from highway 76 and northwards on the 15 is any indication, they are moving to the burbs in droves.

[The-Shoveler]

[quote=flu][quote=AN][quote=flu]yup…. I was saying just putting a complex that looks like high end with high end prices isn’t going to work ….[/quote]Why do you think it doesn’t work? Several of my millennial coworkers are either living there or will be living there soon.[/quote]

it won’t work for the demographics that Brian mentioned … It might work for other demographics. But then it also depends on how much over average rent is[/quote]

I had a co-worker who used to rent his high end suits and shoes while everyone else in the Office was wearing blue jeans and T-shirts.

Hard to figure what some people will spend money on.

Anyway he got laid off don’t know where he is now.

[FlyerInHi]

Temecula guy, maybe we hang out in different circles. People I know would die to move to Hillcrest, north park, mission hills. But they live north of the 8 because they have no choice.

I am not against the suburbs. But the sprawling out should not be the only option. Let’s have innovation and see if people buy into the new housing products. The free markets can decide.

Back in the 90s nobody wanted to live downtown. Try to buy or rent now. Times change and housing products should change too. We should not be bound by urban plans that old people who are likely dead now developed decades ago. The world should belong to young people who still have a long lifetime ahead.

[The-Shoveler]

I would not want to be the investor in these high end downtown apartments when the fad fades, but that is just my opinion.

[Coronita]

[quote=The-Shoveler]I would not want to be the investor in these high end downtown apartments when the fad fades, but that is just my opinion.[/quote]

There’s a need for luxury apartments, and there’s demand for it provided the economy is good.

However, I wonder once the economy turns south, just how much “luxury apartments” demand will there be.

I don’t know, I guess some people who are use to New York City rent prices might think things like One Paseo is a great deal… But exactly how many people would like to spend this much on housing that is not even their own… I don’t know.

Then again, many Americans do like bling, and how I choose to use my money isn’t necessarily representative of how most Americans use their money….

[FlyerInHi]

I have a friend, my age. His parents told him never to buy a condo because “you only own the air”. Anyway he’s followed the advice and lives in a boring Florida suburbs, a place you don’t need to visit more than once. Even once is too much.

I can tell you that my condo investments have tuned out better than his house non-investments.

Incidentally, China allowed housing ownership only in 1992. Those condos are worth a fortune especially in major cities. So many owners do sell and buy houses in USA. There is value as long as people are willing to pay.

Back to One Paseo, I wish Kilroy a lot of success. Maybe they can flip the project to an REIT then start on more projects in San Diego. We need more high density projects.

[The-Shoveler]

[quote=flu][quote=The-Shoveler]I would not want to be the investor in these high end downtown apartments when the fad fades, but that is just my opinion.[/quote]

There’s a need for luxury apartments, and there’s demand for it provided the economy is good.

However, I wonder once the economy turns south, just how much “luxury apartments” demand will there be.

I don’t know, I guess some people who are use to New York City rent prices might think things like One Paseo is a great deal… But exactly how many people would like to spend this much on housing that is not even their own… I don’t know.

Then again, many Americans do like bling, and how I choose to use my money isn’t necessarily representative of how most Americans use their money….[/quote]

IMO I think when it comes to the new downtown Luxury apartment fad (especially in downtown LA) it is already starting to fade (not enough Jobs near there) they have to get on a freeway and drive north to the Burbs mostly.

Maybe the same for SD downtown I don’t know.

LA was kind of developed backwards since the 60’s LOL

The Jobs and biggest companies are in the Burb’s.

A lot of the recent homelessness was caused by bad policy that forced gentrification of the downtown LA area displacing a lot of working poor, maybe it will self correct.

[an]

[quote=flu][quote=AN][quote=flu]yup…. I was saying just putting a complex that looks like high end with high end prices isn’t going to work ….[/quote]Why do you think it doesn’t work? Several of my millennial coworkers are either living there or will be living there soon.[/quote]

it won’t work for the demographics that Brian mentioned … It might work for other demographics. But then it also depends on how much over average rent is[/quote]
What demographic are you referring to? The few people I know that either lived there, living there, or will be living there soon are all young Asian engineers

[The-Shoveler]

AN do you know what the rent is there?

If it is in line and not completely outrages for the area it could explain why.

if it is 3X times average rent for the area (or something close) then it would boggle my mind why anyone would rent there but whatever they want.

We have a recent grad driving a new Porsche working here, not something I did first starting out but maybe he has more passion for driving than I did LOL

[Coronita]

[quote=AN][quote=flu][quote=AN][quote=flu]yup…. I was saying just putting a complex that looks like high end with high end prices isn’t going to work ….[/quote]Why do you think it doesn’t work? Several of my millennial coworkers are either living there or will be living there soon.[/quote]

it won’t work for the demographics that Brian mentioned … It might work for other demographics. But then it also depends on how much over average rent is[/quote]
What demographic are you referring to? The few people I know that either lived there, living there, or will be living there soon are all young Asian engineers[/quote]

specifically, as Brian mentioned, first generation from China or India, the type that are on H1B.

[an]

[quote=flu]specifically, as Brian mentioned, first generation from China or India, the type that are on H1B.[/quote]One of my coworker who is living there is Chinese H1B who just graduated from UCSD.

[Author]

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