Point Loma reducing a little

[CA renter]

[quote=AN][quote=CA renter]
BG is right about custom vs. tract homes. In general, a custom home will hold it’s value/appreciate more than a tract home, all else being equal.[/quote]
Do you have data behind this? Not trying to pick on you, just want to know if this is your opinion or it is in-fact a reality. I think to have a more apple to apple comparison between custom vs tract, they must be in the same zip code, build around the same year, similar sq-ft for house AND lot. I know this is probably a hard if not impossible exercise, but it help prove your statement “all else being equal”.

[quote=CA renter]The difference between the MH home and the LJ home you’ve linked above is that there are a number of people who seek out older, “historical” custom homes. Just anecdotal, but a lot of these people tend to be DINKS and/or people with a lot of money who like to buy something architecturally unique and aesthetically pleasing.

While newer homes might need less maintenance, work better for families, and be in “better” school districts (the reasons why most people seek out the newer tract homes), there is nothing unique or beautiful about them, IMHO. You get a lot of young families in tract homes, and these buyers tend to be the weakest buyers, so they are more prone to financial distress, IMHO.

FWIW, I’m a sucker for older, custom homes, so have to admit my bias. 😉 Seriously, since we’re looking for a custom home ourselves, I can assure you that the competition is fierce, and lots of these buyers have tons of cash.[/quote]
I wonder if it has something to do with generational as well. Personally, I look at that MH home and I see nothing attractive about it. There’s a difference between a beautiful custom home in RSF vs these 1500 sq-ft early-mid century custom homes in my eyes. 1500 sq-ft my be huge 50-90 years ago, but it’s tiny in today’s standard.[/quote]

Yes, these homes are smaller than what most young families are looking for these days, and that’s why you tend to see childless people buy them (retired, DINKs, etc. — who often have more money).

What a lot of the tract home lovers might not understand, is that while these older custom homes might be smaller, they tend to use space much more efficiently. They often have amazing built-ins, and more wall space — so you can put furniture against the wall, leaving an open floor in the middle, which makes a room feel larger and allows for a better “flow.” The newer tract homes might be larger, but they waste an awful lot of that extra space on large hallways, foyers, unusable nooks, etc.

[pemeliza]

“For those MH experts out there, I have a question for you guys/gals. Because I don’t know MH that well, maybe you guys can enlighten me. What’s so special about MH that makes it so expensive? In my eyes, it might even be more expensive than LJ. Here are two examples, one in MH and one in LJ.

http://www.sdlookup.com/MLS-100063461-18…
1588 sq-ft on 4100 sq-ft lot w/ no view.

http://www.sdlookup.com/MLS-100027762-56…
2593 sq-ft w/ Canyon view.”

I am no expert but I do live in MH and I think these are apples to oranges comparisons. The La Jolla listing is a major tract development that is not within walking distance to anything. While the MH listing is on a prime street that is very walkable and located within a stones throw of virtually everything that makes SD great. In that part of MH the pride of ownership is striking. I encourage you to come down and walk the streets there really isn’t much else like it in SD county.
Finally, that listing in MH is priced too high for today’s market.

I think if you want a better comparison to the MH home I would start looking at perhaps La Jolla Village or Coronado village. Admittedly they are both closer to the ocean but the feel of the neighborhoods is going to be much more similar to north Mission Hills. Frankly, I strongly prefer MH to either of the other villages because although they are closer to the ocean, getting in and out of La Jolla and Coronado is a major PITA while MH has nearly instant freeway access.

Here is a much better apples to apples comparison in La Jolla for example to the MH listing:

http://www.sdlookup.com/MLS-100054186-750_Genter_St_La_Jolla_CA_92037

Here is one in Coronado:

http://www.sdlookup.com/MLS-100052362-467_A_Ave_Coronado_CA_92118

[pemeliza]

“For those MH experts out there, I have a question for you guys/gals. Because I don’t know MH that well, maybe you guys can enlighten me. What’s so special about MH that makes it so expensive? In my eyes, it might even be more expensive than LJ. Here are two examples, one in MH and one in LJ.

http://www.sdlookup.com/MLS-100063461-18…
1588 sq-ft on 4100 sq-ft lot w/ no view.

http://www.sdlookup.com/MLS-100027762-56…
2593 sq-ft w/ Canyon view.”

I am no expert but I do live in MH and I think these are apples to oranges comparisons. The La Jolla listing is a major tract development that is not within walking distance to anything. While the MH listing is on a prime street that is very walkable and located within a stones throw of virtually everything that makes SD great. In that part of MH the pride of ownership is striking. I encourage you to come down and walk the streets there really isn’t much else like it in SD county.
Finally, that listing in MH is priced too high for today’s market.

I think if you want a better comparison to the MH home I would start looking at perhaps La Jolla Village or Coronado village. Admittedly they are both closer to the ocean but the feel of the neighborhoods is going to be much more similar to north Mission Hills. Frankly, I strongly prefer MH to either of the other villages because although they are closer to the ocean, getting in and out of La Jolla and Coronado is a major PITA while MH has nearly instant freeway access.

Here is a much better apples to apples comparison in La Jolla for example to the MH listing:

http://www.sdlookup.com/MLS-100054186-750_Genter_St_La_Jolla_CA_92037

Here is one in Coronado:

http://www.sdlookup.com/MLS-100052362-467_A_Ave_Coronado_CA_92118

[pemeliza]

“For those MH experts out there, I have a question for you guys/gals. Because I don’t know MH that well, maybe you guys can enlighten me. What’s so special about MH that makes it so expensive? In my eyes, it might even be more expensive than LJ. Here are two examples, one in MH and one in LJ.

http://www.sdlookup.com/MLS-100063461-18…
1588 sq-ft on 4100 sq-ft lot w/ no view.

http://www.sdlookup.com/MLS-100027762-56…
2593 sq-ft w/ Canyon view.”

I am no expert but I do live in MH and I think these are apples to oranges comparisons. The La Jolla listing is a major tract development that is not within walking distance to anything. While the MH listing is on a prime street that is very walkable and located within a stones throw of virtually everything that makes SD great. In that part of MH the pride of ownership is striking. I encourage you to come down and walk the streets there really isn’t much else like it in SD county.
Finally, that listing in MH is priced too high for today’s market.

I think if you want a better comparison to the MH home I would start looking at perhaps La Jolla Village or Coronado village. Admittedly they are both closer to the ocean but the feel of the neighborhoods is going to be much more similar to north Mission Hills. Frankly, I strongly prefer MH to either of the other villages because although they are closer to the ocean, getting in and out of La Jolla and Coronado is a major PITA while MH has nearly instant freeway access.

Here is a much better apples to apples comparison in La Jolla for example to the MH listing:

http://www.sdlookup.com/MLS-100054186-750_Genter_St_La_Jolla_CA_92037

Here is one in Coronado:

http://www.sdlookup.com/MLS-100052362-467_A_Ave_Coronado_CA_92118

[pemeliza]

“For those MH experts out there, I have a question for you guys/gals. Because I don’t know MH that well, maybe you guys can enlighten me. What’s so special about MH that makes it so expensive? In my eyes, it might even be more expensive than LJ. Here are two examples, one in MH and one in LJ.

http://www.sdlookup.com/MLS-100063461-18…
1588 sq-ft on 4100 sq-ft lot w/ no view.

http://www.sdlookup.com/MLS-100027762-56…
2593 sq-ft w/ Canyon view.”

I am no expert but I do live in MH and I think these are apples to oranges comparisons. The La Jolla listing is a major tract development that is not within walking distance to anything. While the MH listing is on a prime street that is very walkable and located within a stones throw of virtually everything that makes SD great. In that part of MH the pride of ownership is striking. I encourage you to come down and walk the streets there really isn’t much else like it in SD county.
Finally, that listing in MH is priced too high for today’s market.

I think if you want a better comparison to the MH home I would start looking at perhaps La Jolla Village or Coronado village. Admittedly they are both closer to the ocean but the feel of the neighborhoods is going to be much more similar to north Mission Hills. Frankly, I strongly prefer MH to either of the other villages because although they are closer to the ocean, getting in and out of La Jolla and Coronado is a major PITA while MH has nearly instant freeway access.

Here is a much better apples to apples comparison in La Jolla for example to the MH listing:

http://www.sdlookup.com/MLS-100054186-750_Genter_St_La_Jolla_CA_92037

Here is one in Coronado:

http://www.sdlookup.com/MLS-100052362-467_A_Ave_Coronado_CA_92118

[pemeliza]

“For those MH experts out there, I have a question for you guys/gals. Because I don’t know MH that well, maybe you guys can enlighten me. What’s so special about MH that makes it so expensive? In my eyes, it might even be more expensive than LJ. Here are two examples, one in MH and one in LJ.

http://www.sdlookup.com/MLS-100063461-18…
1588 sq-ft on 4100 sq-ft lot w/ no view.

http://www.sdlookup.com/MLS-100027762-56…
2593 sq-ft w/ Canyon view.”

I am no expert but I do live in MH and I think these are apples to oranges comparisons. The La Jolla listing is a major tract development that is not within walking distance to anything. While the MH listing is on a prime street that is very walkable and located within a stones throw of virtually everything that makes SD great. In that part of MH the pride of ownership is striking. I encourage you to come down and walk the streets there really isn’t much else like it in SD county.
Finally, that listing in MH is priced too high for today’s market.

I think if you want a better comparison to the MH home I would start looking at perhaps La Jolla Village or Coronado village. Admittedly they are both closer to the ocean but the feel of the neighborhoods is going to be much more similar to north Mission Hills. Frankly, I strongly prefer MH to either of the other villages because although they are closer to the ocean, getting in and out of La Jolla and Coronado is a major PITA while MH has nearly instant freeway access.

Here is a much better apples to apples comparison in La Jolla for example to the MH listing:

http://www.sdlookup.com/MLS-100054186-750_Genter_St_La_Jolla_CA_92037

Here is one in Coronado:

http://www.sdlookup.com/MLS-100052362-467_A_Ave_Coronado_CA_92118

[zzz]

AN, here are some reasons why MH location wise has such appeal versus LJ, and its not generational appreciation for older homes, we know tons of 30s and 40s who live in MH or would DIE to live in MH. We rent a home in MH currently and here are some observations as well as commentary from neighbors/friends:

1. Most of the original homes that have not had extensive BAD remodels/gut jobs done to them are built with SKILLED labor. This typically means your home is going to hold up better and the materials used back then were of much higher quality in a lot of these homes. The built ins, the carefully framed arched doorways/hallways, the molding etc. Its very rare if not impossible to find that in a home built recently. And yes, many are architectually unique with charm versus cookie cutter tract homes. Most people here shudder at the though of living in tract homes that they consider Pleasantville.

2. North MH ( not including the hospital area) for instance is remarkably consistent in terms of how “nice” each street is from street to street.

3. There seems to be no shortage of well to do professional GAY couples who can afford to buy these homes and they find is an ideal neighbhorhood for them to live in versus LJ or NC where there are less of their kind/friends.

4. The area is VERY walkable/ bikeable to grocery stores, a LARGE variety of restaurants/bars, to Balboa park, to Coronado, to the beach. For those who like the idea of parking their cars on the weekend and not having to drive them, this is totally achievable living in MH. You can enjoy both a very nice neighborhood, the outdoors, and urban living.

5. There is a sense of community with neighbors who know each other have each other over for parties, dinner, help one another out. This is not a transient neighborhood with most people living in MH for a long time.

6. The area is very central for most when it comes to jobs. There are a lot of folks who work downtown, but for those work in UTC or Sorrento Valley its still a short commute with easy access to freeways. It is also very close to the airport for those who travel. There are a lot of doctors /lawyers who live in the area given the proximity to hospitals/courts

7. This area is relatively unpretentious compared to LJ. People may have money, but its often a “quiet” wealth more closely similar to the rich who live on the coast in Cardiff/Encinitas versus LJ

[zzz]

AN, here are some reasons why MH location wise has such appeal versus LJ, and its not generational appreciation for older homes, we know tons of 30s and 40s who live in MH or would DIE to live in MH. We rent a home in MH currently and here are some observations as well as commentary from neighbors/friends:

1. Most of the original homes that have not had extensive BAD remodels/gut jobs done to them are built with SKILLED labor. This typically means your home is going to hold up better and the materials used back then were of much higher quality in a lot of these homes. The built ins, the carefully framed arched doorways/hallways, the molding etc. Its very rare if not impossible to find that in a home built recently. And yes, many are architectually unique with charm versus cookie cutter tract homes. Most people here shudder at the though of living in tract homes that they consider Pleasantville.

2. North MH ( not including the hospital area) for instance is remarkably consistent in terms of how “nice” each street is from street to street.

3. There seems to be no shortage of well to do professional GAY couples who can afford to buy these homes and they find is an ideal neighbhorhood for them to live in versus LJ or NC where there are less of their kind/friends.

4. The area is VERY walkable/ bikeable to grocery stores, a LARGE variety of restaurants/bars, to Balboa park, to Coronado, to the beach. For those who like the idea of parking their cars on the weekend and not having to drive them, this is totally achievable living in MH. You can enjoy both a very nice neighborhood, the outdoors, and urban living.

5. There is a sense of community with neighbors who know each other have each other over for parties, dinner, help one another out. This is not a transient neighborhood with most people living in MH for a long time.

6. The area is very central for most when it comes to jobs. There are a lot of folks who work downtown, but for those work in UTC or Sorrento Valley its still a short commute with easy access to freeways. It is also very close to the airport for those who travel. There are a lot of doctors /lawyers who live in the area given the proximity to hospitals/courts

7. This area is relatively unpretentious compared to LJ. People may have money, but its often a “quiet” wealth more closely similar to the rich who live on the coast in Cardiff/Encinitas versus LJ

[zzz]

AN, here are some reasons why MH location wise has such appeal versus LJ, and its not generational appreciation for older homes, we know tons of 30s and 40s who live in MH or would DIE to live in MH. We rent a home in MH currently and here are some observations as well as commentary from neighbors/friends:

1. Most of the original homes that have not had extensive BAD remodels/gut jobs done to them are built with SKILLED labor. This typically means your home is going to hold up better and the materials used back then were of much higher quality in a lot of these homes. The built ins, the carefully framed arched doorways/hallways, the molding etc. Its very rare if not impossible to find that in a home built recently. And yes, many are architectually unique with charm versus cookie cutter tract homes. Most people here shudder at the though of living in tract homes that they consider Pleasantville.

2. North MH ( not including the hospital area) for instance is remarkably consistent in terms of how “nice” each street is from street to street.

3. There seems to be no shortage of well to do professional GAY couples who can afford to buy these homes and they find is an ideal neighbhorhood for them to live in versus LJ or NC where there are less of their kind/friends.

4. The area is VERY walkable/ bikeable to grocery stores, a LARGE variety of restaurants/bars, to Balboa park, to Coronado, to the beach. For those who like the idea of parking their cars on the weekend and not having to drive them, this is totally achievable living in MH. You can enjoy both a very nice neighborhood, the outdoors, and urban living.

5. There is a sense of community with neighbors who know each other have each other over for parties, dinner, help one another out. This is not a transient neighborhood with most people living in MH for a long time.

6. The area is very central for most when it comes to jobs. There are a lot of folks who work downtown, but for those work in UTC or Sorrento Valley its still a short commute with easy access to freeways. It is also very close to the airport for those who travel. There are a lot of doctors /lawyers who live in the area given the proximity to hospitals/courts

7. This area is relatively unpretentious compared to LJ. People may have money, but its often a “quiet” wealth more closely similar to the rich who live on the coast in Cardiff/Encinitas versus LJ

[zzz]

AN, here are some reasons why MH location wise has such appeal versus LJ, and its not generational appreciation for older homes, we know tons of 30s and 40s who live in MH or would DIE to live in MH. We rent a home in MH currently and here are some observations as well as commentary from neighbors/friends:

1. Most of the original homes that have not had extensive BAD remodels/gut jobs done to them are built with SKILLED labor. This typically means your home is going to hold up better and the materials used back then were of much higher quality in a lot of these homes. The built ins, the carefully framed arched doorways/hallways, the molding etc. Its very rare if not impossible to find that in a home built recently. And yes, many are architectually unique with charm versus cookie cutter tract homes. Most people here shudder at the though of living in tract homes that they consider Pleasantville.

2. North MH ( not including the hospital area) for instance is remarkably consistent in terms of how “nice” each street is from street to street.

3. There seems to be no shortage of well to do professional GAY couples who can afford to buy these homes and they find is an ideal neighbhorhood for them to live in versus LJ or NC where there are less of their kind/friends.

4. The area is VERY walkable/ bikeable to grocery stores, a LARGE variety of restaurants/bars, to Balboa park, to Coronado, to the beach. For those who like the idea of parking their cars on the weekend and not having to drive them, this is totally achievable living in MH. You can enjoy both a very nice neighborhood, the outdoors, and urban living.

5. There is a sense of community with neighbors who know each other have each other over for parties, dinner, help one another out. This is not a transient neighborhood with most people living in MH for a long time.

6. The area is very central for most when it comes to jobs. There are a lot of folks who work downtown, but for those work in UTC or Sorrento Valley its still a short commute with easy access to freeways. It is also very close to the airport for those who travel. There are a lot of doctors /lawyers who live in the area given the proximity to hospitals/courts

7. This area is relatively unpretentious compared to LJ. People may have money, but its often a “quiet” wealth more closely similar to the rich who live on the coast in Cardiff/Encinitas versus LJ

[zzz]

AN, here are some reasons why MH location wise has such appeal versus LJ, and its not generational appreciation for older homes, we know tons of 30s and 40s who live in MH or would DIE to live in MH. We rent a home in MH currently and here are some observations as well as commentary from neighbors/friends:

1. Most of the original homes that have not had extensive BAD remodels/gut jobs done to them are built with SKILLED labor. This typically means your home is going to hold up better and the materials used back then were of much higher quality in a lot of these homes. The built ins, the carefully framed arched doorways/hallways, the molding etc. Its very rare if not impossible to find that in a home built recently. And yes, many are architectually unique with charm versus cookie cutter tract homes. Most people here shudder at the though of living in tract homes that they consider Pleasantville.

2. North MH ( not including the hospital area) for instance is remarkably consistent in terms of how “nice” each street is from street to street.

3. There seems to be no shortage of well to do professional GAY couples who can afford to buy these homes and they find is an ideal neighbhorhood for them to live in versus LJ or NC where there are less of their kind/friends.

4. The area is VERY walkable/ bikeable to grocery stores, a LARGE variety of restaurants/bars, to Balboa park, to Coronado, to the beach. For those who like the idea of parking their cars on the weekend and not having to drive them, this is totally achievable living in MH. You can enjoy both a very nice neighborhood, the outdoors, and urban living.

5. There is a sense of community with neighbors who know each other have each other over for parties, dinner, help one another out. This is not a transient neighborhood with most people living in MH for a long time.

6. The area is very central for most when it comes to jobs. There are a lot of folks who work downtown, but for those work in UTC or Sorrento Valley its still a short commute with easy access to freeways. It is also very close to the airport for those who travel. There are a lot of doctors /lawyers who live in the area given the proximity to hospitals/courts

7. This area is relatively unpretentious compared to LJ. People may have money, but its often a “quiet” wealth more closely similar to the rich who live on the coast in Cardiff/Encinitas versus LJ

[jpinpb]

[quote=CA renter][quote=jstoesz]Thankfully, I think you are right!

Everyone, buy track homes, they are awesome. Galley kitchens and wood paneling suck. Only termites and whores like custom homes. Did I mention the amphetamines (but I digress)![/quote]

LOL! 🙂

Yes, what was I thinking?!? I plum forgot about the whores and termites! And the meth! Oh man, every one of those old, custom homes was a meth lab at one point or another.

Everyone, just ignore what I’ve said about those ugly, custom, termite-infested homes, and buy tract homes instead. They are MUCH more desirable! ;)[/quote]

X3 – No one wants an old house. They are haunted! Get out!! Go buy a new house. {he, he}

Man, I’m a sucker for old house. I mean drool. I can only blame it on being from the East Coast, missing it and reminding me of home. Yet whenever my family comes out here, they LOVE the spanish styles, even track homes. To them, that’s California!

AN – The only thing I can figure is lots of doctors want to be in MH and will spend extra to be there. But frankly, that doesn’t really account for the gap disparity still. All of the things MH has relative to LJ or MM has not changed. All the things that zzz mentioned are the same things that appealed to certain people to live in MH and draw the premium it has. It still does not account for why the gap is greater today. I don’t know what has changed and that’s enough to make me think eventually it will capitulate slowly over time.

[jpinpb]

[quote=CA renter][quote=jstoesz]Thankfully, I think you are right!

Everyone, buy track homes, they are awesome. Galley kitchens and wood paneling suck. Only termites and whores like custom homes. Did I mention the amphetamines (but I digress)![/quote]

LOL! 🙂

Yes, what was I thinking?!? I plum forgot about the whores and termites! And the meth! Oh man, every one of those old, custom homes was a meth lab at one point or another.

Everyone, just ignore what I’ve said about those ugly, custom, termite-infested homes, and buy tract homes instead. They are MUCH more desirable! ;)[/quote]

X3 – No one wants an old house. They are haunted! Get out!! Go buy a new house. {he, he}

Man, I’m a sucker for old house. I mean drool. I can only blame it on being from the East Coast, missing it and reminding me of home. Yet whenever my family comes out here, they LOVE the spanish styles, even track homes. To them, that’s California!

AN – The only thing I can figure is lots of doctors want to be in MH and will spend extra to be there. But frankly, that doesn’t really account for the gap disparity still. All of the things MH has relative to LJ or MM has not changed. All the things that zzz mentioned are the same things that appealed to certain people to live in MH and draw the premium it has. It still does not account for why the gap is greater today. I don’t know what has changed and that’s enough to make me think eventually it will capitulate slowly over time.

[jpinpb]

[quote=CA renter][quote=jstoesz]Thankfully, I think you are right!

Everyone, buy track homes, they are awesome. Galley kitchens and wood paneling suck. Only termites and whores like custom homes. Did I mention the amphetamines (but I digress)![/quote]

LOL! 🙂

Yes, what was I thinking?!? I plum forgot about the whores and termites! And the meth! Oh man, every one of those old, custom homes was a meth lab at one point or another.

Everyone, just ignore what I’ve said about those ugly, custom, termite-infested homes, and buy tract homes instead. They are MUCH more desirable! ;)[/quote]

X3 – No one wants an old house. They are haunted! Get out!! Go buy a new house. {he, he}

Man, I’m a sucker for old house. I mean drool. I can only blame it on being from the East Coast, missing it and reminding me of home. Yet whenever my family comes out here, they LOVE the spanish styles, even track homes. To them, that’s California!

AN – The only thing I can figure is lots of doctors want to be in MH and will spend extra to be there. But frankly, that doesn’t really account for the gap disparity still. All of the things MH has relative to LJ or MM has not changed. All the things that zzz mentioned are the same things that appealed to certain people to live in MH and draw the premium it has. It still does not account for why the gap is greater today. I don’t know what has changed and that’s enough to make me think eventually it will capitulate slowly over time.

[jpinpb]

[quote=CA renter][quote=jstoesz]Thankfully, I think you are right!

Everyone, buy track homes, they are awesome. Galley kitchens and wood paneling suck. Only termites and whores like custom homes. Did I mention the amphetamines (but I digress)![/quote]

LOL! 🙂

Yes, what was I thinking?!? I plum forgot about the whores and termites! And the meth! Oh man, every one of those old, custom homes was a meth lab at one point or another.

Everyone, just ignore what I’ve said about those ugly, custom, termite-infested homes, and buy tract homes instead. They are MUCH more desirable! ;)[/quote]

X3 – No one wants an old house. They are haunted! Get out!! Go buy a new house. {he, he}

Man, I’m a sucker for old house. I mean drool. I can only blame it on being from the East Coast, missing it and reminding me of home. Yet whenever my family comes out here, they LOVE the spanish styles, even track homes. To them, that’s California!

AN – The only thing I can figure is lots of doctors want to be in MH and will spend extra to be there. But frankly, that doesn’t really account for the gap disparity still. All of the things MH has relative to LJ or MM has not changed. All the things that zzz mentioned are the same things that appealed to certain people to live in MH and draw the premium it has. It still does not account for why the gap is greater today. I don’t know what has changed and that’s enough to make me think eventually it will capitulate slowly over time.

[Author]

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