Point Loma reducing a little

[SD Realtor]

With regards to those writing code for a living and depending on W2 income, I can say that with 100% certainty that 0% of them have ever asked me to look at homes in MH or PL. Furthermore none of them have even asked me to put those areas in for a home search. They did not care about High Tech High school as well. They wanted a neighborhood that had alot of kids, that had a good school district and they were much more focussed on starting a family or growing an existing young family.

I am not sure if there is even a single Pigg poster or lurker with young children who has ever chimed in about wanting to raise the kids in Mission Hills or even 92103 for that matter. Maybe not so much for Point Loma but really, parse through the archives and you guys tell me how many posters you see making queries about raising kids in Mission Hills and Point Loma.

Please don’t get me wrong, these are beautiful places to live. However the demand for these places is much smaller then the demand for what the average engineer and his wife want.

One thing that I have found to be common with most my clients regardless of profession, race, or religion is that those with kids all wanted to be in the same spots. Again, CV, PQ, Scripps, Encinitas, 4S, some UC and Clairmont as well. None ever mentioned MH or PL. I am not saying that there are not exceptions to the rule. Bearish and Pem if you deal with young families every day and are trying to find them homes to live then you can chime in and let me know of how many of them are looking to raise thier families in MH or PL.

I know you guys all may have some exceptions to the rule, but based on my own experience of people I work with who have bought and who are looking they are exceptions and not anything more then that.

[zzz]

SDR, no offense, but perhaps you are biased because you don’t focus on MH or PL. If you talk to agents who focus on those areas, there is no shortage of folks. Look, we’re talking about different demographics, there are people who prefer to live in new homes with no character and those who appreciate a craftsman, different folks for different strokes. Its the burbs versus living in the city. So I am not surprised that you have clients who want to live in NCounty or CV and don’t ask about MH or PL

[zzz]

SDR, no offense, but perhaps you are biased because you don’t focus on MH or PL. If you talk to agents who focus on those areas, there is no shortage of folks. Look, we’re talking about different demographics, there are people who prefer to live in new homes with no character and those who appreciate a craftsman, different folks for different strokes. Its the burbs versus living in the city. So I am not surprised that you have clients who want to live in NCounty or CV and don’t ask about MH or PL

[zzz]

SDR, no offense, but perhaps you are biased because you don’t focus on MH or PL. If you talk to agents who focus on those areas, there is no shortage of folks. Look, we’re talking about different demographics, there are people who prefer to live in new homes with no character and those who appreciate a craftsman, different folks for different strokes. Its the burbs versus living in the city. So I am not surprised that you have clients who want to live in NCounty or CV and don’t ask about MH or PL

[zzz]

SDR, no offense, but perhaps you are biased because you don’t focus on MH or PL. If you talk to agents who focus on those areas, there is no shortage of folks. Look, we’re talking about different demographics, there are people who prefer to live in new homes with no character and those who appreciate a craftsman, different folks for different strokes. Its the burbs versus living in the city. So I am not surprised that you have clients who want to live in NCounty or CV and don’t ask about MH or PL

[zzz]

SDR, no offense, but perhaps you are biased because you don’t focus on MH or PL. If you talk to agents who focus on those areas, there is no shortage of folks. Look, we’re talking about different demographics, there are people who prefer to live in new homes with no character and those who appreciate a craftsman, different folks for different strokes. Its the burbs versus living in the city. So I am not surprised that you have clients who want to live in NCounty or CV and don’t ask about MH or PL

[pemeliza]

SDR, certainly there are more folks wanting the type of house you mention but then again there are a lot more of those types of houses in SD county! All I am suggesting (and I could be wrong of course) is that apparently there is at least enough demand for PL and MH to keep it a supply constrained market and thus keep the prices up there. This really isn’t an issue of my own personal preference, it is a numbers game. Those of us that choose to raise our families in a place like MH may indeed be statistical anomalies. In my case, I lived the suburban dream. I had a big new house in Encinitas with a 180 degree ocean view. Frankly, I didn’t like living there as much as I thought I would. I personally like to be closer to what San Diego has to offer and am willing to deal with the associated issues. Certainly, MH isn’t for everyone and for us it certainly wasn’t our first home (we started with a condo in La Jolla). I can imagine that getting a starter home in MH big enough for a family can indeed be a daunting proposition and that could be another reason the demographic you mention is not interested in MH or PL.

[pemeliza]

SDR, certainly there are more folks wanting the type of house you mention but then again there are a lot more of those types of houses in SD county! All I am suggesting (and I could be wrong of course) is that apparently there is at least enough demand for PL and MH to keep it a supply constrained market and thus keep the prices up there. This really isn’t an issue of my own personal preference, it is a numbers game. Those of us that choose to raise our families in a place like MH may indeed be statistical anomalies. In my case, I lived the suburban dream. I had a big new house in Encinitas with a 180 degree ocean view. Frankly, I didn’t like living there as much as I thought I would. I personally like to be closer to what San Diego has to offer and am willing to deal with the associated issues. Certainly, MH isn’t for everyone and for us it certainly wasn’t our first home (we started with a condo in La Jolla). I can imagine that getting a starter home in MH big enough for a family can indeed be a daunting proposition and that could be another reason the demographic you mention is not interested in MH or PL.

[pemeliza]

SDR, certainly there are more folks wanting the type of house you mention but then again there are a lot more of those types of houses in SD county! All I am suggesting (and I could be wrong of course) is that apparently there is at least enough demand for PL and MH to keep it a supply constrained market and thus keep the prices up there. This really isn’t an issue of my own personal preference, it is a numbers game. Those of us that choose to raise our families in a place like MH may indeed be statistical anomalies. In my case, I lived the suburban dream. I had a big new house in Encinitas with a 180 degree ocean view. Frankly, I didn’t like living there as much as I thought I would. I personally like to be closer to what San Diego has to offer and am willing to deal with the associated issues. Certainly, MH isn’t for everyone and for us it certainly wasn’t our first home (we started with a condo in La Jolla). I can imagine that getting a starter home in MH big enough for a family can indeed be a daunting proposition and that could be another reason the demographic you mention is not interested in MH or PL.

[pemeliza]

SDR, certainly there are more folks wanting the type of house you mention but then again there are a lot more of those types of houses in SD county! All I am suggesting (and I could be wrong of course) is that apparently there is at least enough demand for PL and MH to keep it a supply constrained market and thus keep the prices up there. This really isn’t an issue of my own personal preference, it is a numbers game. Those of us that choose to raise our families in a place like MH may indeed be statistical anomalies. In my case, I lived the suburban dream. I had a big new house in Encinitas with a 180 degree ocean view. Frankly, I didn’t like living there as much as I thought I would. I personally like to be closer to what San Diego has to offer and am willing to deal with the associated issues. Certainly, MH isn’t for everyone and for us it certainly wasn’t our first home (we started with a condo in La Jolla). I can imagine that getting a starter home in MH big enough for a family can indeed be a daunting proposition and that could be another reason the demographic you mention is not interested in MH or PL.

[pemeliza]

SDR, certainly there are more folks wanting the type of house you mention but then again there are a lot more of those types of houses in SD county! All I am suggesting (and I could be wrong of course) is that apparently there is at least enough demand for PL and MH to keep it a supply constrained market and thus keep the prices up there. This really isn’t an issue of my own personal preference, it is a numbers game. Those of us that choose to raise our families in a place like MH may indeed be statistical anomalies. In my case, I lived the suburban dream. I had a big new house in Encinitas with a 180 degree ocean view. Frankly, I didn’t like living there as much as I thought I would. I personally like to be closer to what San Diego has to offer and am willing to deal with the associated issues. Certainly, MH isn’t for everyone and for us it certainly wasn’t our first home (we started with a condo in La Jolla). I can imagine that getting a starter home in MH big enough for a family can indeed be a daunting proposition and that could be another reason the demographic you mention is not interested in MH or PL.

[sdrealtor]

[quote=CA renter][quote=sdrealtor]My experience has been that custom homes dont necessarily hold value better. They tend to be built more specific to the desires of the original owner and become functionally obsellete quicker. They also tend to be more expensive and that in and of itself is detrimental to a higher appreciation rate. Its all about location. Beach houses appreciated more and happen to be mostly custom builds. If they threw tracts on oceanfront lots in the 60’s and 70’s you would see higher appreciation also[/quote]

Just something I’ve seen over the years, and also what the old, veteran realtors will likely tell you as well.

Of course, things can change, but I’ve seen very little competition for the tract homes, while the customs sell very quickly. Maybe it’s the fact that they tend to be on larger lots, and also tend to be single-story, but whenever a custom home is listed in the areas we’re looking in, it tends to sell much more quickly, and for higher prices, than tract homes in the same general area and of the same general size.[/quote]

Thanx CAR and that is exactly my point. They sell for more and they always have. I wasnt saying they arent worth more or dont sell quickly, I said the appreciation rate on them seems to lag tract homes

[sdrealtor]

[quote=CA renter][quote=sdrealtor]My experience has been that custom homes dont necessarily hold value better. They tend to be built more specific to the desires of the original owner and become functionally obsellete quicker. They also tend to be more expensive and that in and of itself is detrimental to a higher appreciation rate. Its all about location. Beach houses appreciated more and happen to be mostly custom builds. If they threw tracts on oceanfront lots in the 60’s and 70’s you would see higher appreciation also[/quote]

Just something I’ve seen over the years, and also what the old, veteran realtors will likely tell you as well.

Of course, things can change, but I’ve seen very little competition for the tract homes, while the customs sell very quickly. Maybe it’s the fact that they tend to be on larger lots, and also tend to be single-story, but whenever a custom home is listed in the areas we’re looking in, it tends to sell much more quickly, and for higher prices, than tract homes in the same general area and of the same general size.[/quote]

Thanx CAR and that is exactly my point. They sell for more and they always have. I wasnt saying they arent worth more or dont sell quickly, I said the appreciation rate on them seems to lag tract homes

[sdrealtor]

[quote=CA renter][quote=sdrealtor]My experience has been that custom homes dont necessarily hold value better. They tend to be built more specific to the desires of the original owner and become functionally obsellete quicker. They also tend to be more expensive and that in and of itself is detrimental to a higher appreciation rate. Its all about location. Beach houses appreciated more and happen to be mostly custom builds. If they threw tracts on oceanfront lots in the 60’s and 70’s you would see higher appreciation also[/quote]

Just something I’ve seen over the years, and also what the old, veteran realtors will likely tell you as well.

Of course, things can change, but I’ve seen very little competition for the tract homes, while the customs sell very quickly. Maybe it’s the fact that they tend to be on larger lots, and also tend to be single-story, but whenever a custom home is listed in the areas we’re looking in, it tends to sell much more quickly, and for higher prices, than tract homes in the same general area and of the same general size.[/quote]

Thanx CAR and that is exactly my point. They sell for more and they always have. I wasnt saying they arent worth more or dont sell quickly, I said the appreciation rate on them seems to lag tract homes

[sdrealtor]

[quote=CA renter][quote=sdrealtor]My experience has been that custom homes dont necessarily hold value better. They tend to be built more specific to the desires of the original owner and become functionally obsellete quicker. They also tend to be more expensive and that in and of itself is detrimental to a higher appreciation rate. Its all about location. Beach houses appreciated more and happen to be mostly custom builds. If they threw tracts on oceanfront lots in the 60’s and 70’s you would see higher appreciation also[/quote]

Just something I’ve seen over the years, and also what the old, veteran realtors will likely tell you as well.

Of course, things can change, but I’ve seen very little competition for the tract homes, while the customs sell very quickly. Maybe it’s the fact that they tend to be on larger lots, and also tend to be single-story, but whenever a custom home is listed in the areas we’re looking in, it tends to sell much more quickly, and for higher prices, than tract homes in the same general area and of the same general size.[/quote]

Thanx CAR and that is exactly my point. They sell for more and they always have. I wasnt saying they arent worth more or dont sell quickly, I said the appreciation rate on them seems to lag tract homes

[Author]

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