Pain in La Jolla

[equalizer]

“Think about the most interesting people you know. Chances are, most of them are renters. People who rent talk about the books that they’ve read, the trips that they’ve taken, the skills that they are learning, the friends whose company they are enjoying. Property owners complain about the local politicians, the high rate of property tax, the difficulty of finding competent tradespeople, the high value of their own (very likely crummy) house or condo, and what kinds of furniture and kitchen appliances they are contemplating buying. Property owners are boring. The most boring parts of a property owner’s personality are those which relate to his or her ownership of real estate.”

Add the time they spend maintaining landscaping, etc and they dont have time for jack.

http://philip.greenspun.com/materialism/early-retirement/where-to-live

[cantab]

“We’ve owned our home (@5000SF/almost an acre with an ocean view/under $300K (edited typo of $400K) in La Jolla for almost twenty years.”

Can you provide more info on this? 19 years ago was 1989, which was near the peak of the previous bubble. In 1996 the lowest priced houses with ocen view in La Jolla were around $350K, for less than 1500sqft on less than a 1/4 acre. If they were down 30% from the previous peak (my estimate) then in 1989 they were around $500K. So how could anyone buy 5000 sqft on almost an acre in La Jolla with view for under $300K?

[cantab]

“We’ve owned our home (@5000SF/almost an acre with an ocean view/under $300K (edited typo of $400K) in La Jolla for almost twenty years.”

Can you provide more info on this? 19 years ago was 1989, which was near the peak of the previous bubble. In 1996 the lowest priced houses with ocen view in La Jolla were around $350K, for less than 1500sqft on less than a 1/4 acre. If they were down 30% from the previous peak (my estimate) then in 1989 they were around $500K. So how could anyone buy 5000 sqft on almost an acre in La Jolla with view for under $300K?

[cantab]

“We’ve owned our home (@5000SF/almost an acre with an ocean view/under $300K (edited typo of $400K) in La Jolla for almost twenty years.”

Can you provide more info on this? 19 years ago was 1989, which was near the peak of the previous bubble. In 1996 the lowest priced houses with ocen view in La Jolla were around $350K, for less than 1500sqft on less than a 1/4 acre. If they were down 30% from the previous peak (my estimate) then in 1989 they were around $500K. So how could anyone buy 5000 sqft on almost an acre in La Jolla with view for under $300K?

[cantab]

“We’ve owned our home (@5000SF/almost an acre with an ocean view/under $300K (edited typo of $400K) in La Jolla for almost twenty years.”

Can you provide more info on this? 19 years ago was 1989, which was near the peak of the previous bubble. In 1996 the lowest priced houses with ocen view in La Jolla were around $350K, for less than 1500sqft on less than a 1/4 acre. If they were down 30% from the previous peak (my estimate) then in 1989 they were around $500K. So how could anyone buy 5000 sqft on almost an acre in La Jolla with view for under $300K?

[cantab]

“We’ve owned our home (@5000SF/almost an acre with an ocean view/under $300K (edited typo of $400K) in La Jolla for almost twenty years.”

Can you provide more info on this? 19 years ago was 1989, which was near the peak of the previous bubble. In 1996 the lowest priced houses with ocen view in La Jolla were around $350K, for less than 1500sqft on less than a 1/4 acre. If they were down 30% from the previous peak (my estimate) then in 1989 they were around $500K. So how could anyone buy 5000 sqft on almost an acre in La Jolla with view for under $300K?

[San Diego Native]

Even then, there were “distress” sales–friend of a friend–divorce, bankruptcy, etc. We just happened to be at the right place at the right time, and found a deal we couldn’t refuse.

[San Diego Native]

Even then, there were “distress” sales–friend of a friend–divorce, bankruptcy, etc. We just happened to be at the right place at the right time, and found a deal we couldn’t refuse.

[San Diego Native]

Even then, there were “distress” sales–friend of a friend–divorce, bankruptcy, etc. We just happened to be at the right place at the right time, and found a deal we couldn’t refuse.

[San Diego Native]

Even then, there were “distress” sales–friend of a friend–divorce, bankruptcy, etc. We just happened to be at the right place at the right time, and found a deal we couldn’t refuse.

[San Diego Native]

Even then, there were “distress” sales–friend of a friend–divorce, bankruptcy, etc. We just happened to be at the right place at the right time, and found a deal we couldn’t refuse.

[XBoxBoy]

Ouch, that smarts….

Looks like we have a couple new entries proving that prices in La Jolla are not holding up as well as the realtors at open houses keep trying to say they are.

Just in today…

Bought in 2006 for $2,300,000 and just sold for $1,865,000. Poof, $435,000 disappears! 19% in two years
http://www.sdlookup.com/Property-5CDDB23F-716_La_Canada_St_La_Jolla_CA_92037
btw, I went to this house when it was an open house, and it’s in a fantastic part of bird rock, and was a very nice house with great curb appeal. This is not some junky foreclosure.

And here’s a condo up by UTC (I know, some of you don’t want to call the area east of the 5 La Jolla, but it’s got a 92037 zip, so I’m gonna include it anyway)
Bought in 2006 for $535,000 and just sold for $391,500. A loss of $143,500 in just over two years. That’s a 27% loss for those of you who want percents.

There more losses from condo’s east of the 5, but I figure one good example sets the tone.

XBoxBoy.

[XBoxBoy]

Ouch, that smarts….

Looks like we have a couple new entries proving that prices in La Jolla are not holding up as well as the realtors at open houses keep trying to say they are.

Just in today…

Bought in 2006 for $2,300,000 and just sold for $1,865,000. Poof, $435,000 disappears! 19% in two years
http://www.sdlookup.com/Property-5CDDB23F-716_La_Canada_St_La_Jolla_CA_92037
btw, I went to this house when it was an open house, and it’s in a fantastic part of bird rock, and was a very nice house with great curb appeal. This is not some junky foreclosure.

And here’s a condo up by UTC (I know, some of you don’t want to call the area east of the 5 La Jolla, but it’s got a 92037 zip, so I’m gonna include it anyway)
Bought in 2006 for $535,000 and just sold for $391,500. A loss of $143,500 in just over two years. That’s a 27% loss for those of you who want percents.

There more losses from condo’s east of the 5, but I figure one good example sets the tone.

XBoxBoy.

[XBoxBoy]

Ouch, that smarts….

Looks like we have a couple new entries proving that prices in La Jolla are not holding up as well as the realtors at open houses keep trying to say they are.

Just in today…

Bought in 2006 for $2,300,000 and just sold for $1,865,000. Poof, $435,000 disappears! 19% in two years
http://www.sdlookup.com/Property-5CDDB23F-716_La_Canada_St_La_Jolla_CA_92037
btw, I went to this house when it was an open house, and it’s in a fantastic part of bird rock, and was a very nice house with great curb appeal. This is not some junky foreclosure.

And here’s a condo up by UTC (I know, some of you don’t want to call the area east of the 5 La Jolla, but it’s got a 92037 zip, so I’m gonna include it anyway)
Bought in 2006 for $535,000 and just sold for $391,500. A loss of $143,500 in just over two years. That’s a 27% loss for those of you who want percents.

There more losses from condo’s east of the 5, but I figure one good example sets the tone.

XBoxBoy.

[XBoxBoy]

Ouch, that smarts….

Looks like we have a couple new entries proving that prices in La Jolla are not holding up as well as the realtors at open houses keep trying to say they are.

Just in today…

Bought in 2006 for $2,300,000 and just sold for $1,865,000. Poof, $435,000 disappears! 19% in two years
http://www.sdlookup.com/Property-5CDDB23F-716_La_Canada_St_La_Jolla_CA_92037
btw, I went to this house when it was an open house, and it’s in a fantastic part of bird rock, and was a very nice house with great curb appeal. This is not some junky foreclosure.

And here’s a condo up by UTC (I know, some of you don’t want to call the area east of the 5 La Jolla, but it’s got a 92037 zip, so I’m gonna include it anyway)
Bought in 2006 for $535,000 and just sold for $391,500. A loss of $143,500 in just over two years. That’s a 27% loss for those of you who want percents.

There more losses from condo’s east of the 5, but I figure one good example sets the tone.

XBoxBoy.

[Author]

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