Point Loma reducing a little

[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

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[jpinpb]

[quote=SD Realtor] I think the compression (squish down) mentioned in MH and PL will indeed happen over time. I am toying with the notion that these areas may depreciate a bit quicker over time then other areas that are NOT LIKE them but offer better schools. I think that the demand for the young family looking for good schools far outweighs the professionals looking for an older nice home with a nice place to garden. No disrespect JP or any others. Thus I think that supply in places like MH or PL will linger longer.

I think that the supply of young people writing code for a Sorrento Valley company, while not inexhaustible, is much stronger and will continue to support the desired school districts.[/quote]

I tend to agree w/you more than BG on this, but maybe it’s b/c of the people w/which I am acquainted. Seems they are of the age that have children and want to live in a new home they don’t have to bother fixing so they can have time w/the kids and send them to good schools and socialize in neighborhoods w/other like families in predominantly safe areas. That means, Carmel Valley, RP, Poway, 4S and MR and HOA is not a deterrent to them (a BIG deterrent to me). The thing is, these were also the ZIPs that saw a good amount of speculation and living beyond means. I generalize, I know, but there was quite of bit of speculation in those areas, IMO.

MH and PL have appeal to certain people, but I would not say the majority of the population. And I don’t mean by that to make it a negative.

I will say that w/regard to schools, if one has a nice amount of money, they are also not limited to having to be in PUSD. They can live in PL and send the kid to private school. But I think that is the exception.

I think I share pemeliza’s view of Poway. But judging from all the homes sold in that area, that aren’t cheap either, I’d say we are in the rare category. Maybe it just seems this way to SDR and I b/c of the concentration of people that live there already, and the many who want to.

I have occasion to be in CV and 4S and also in MH and PL. I can understand why a young family would prefer to be in CV and 4S as opposed to MH and PL. And KIM that I have no kids. Back in the day when I was hoping to have kids, I was living in CV b/c I heard about the good schools.

Now today, different story. Learned a little more. If a miracle happened and I had a kid today, there is no way in hell, even if I won the lottery and had money to throw away on MR and HOA, no way would I live in CV or 4S. I would take PL or MH and send to private school.

But that’s a fantasy world and I know I am not the common young family starting out. So again, I agree w/SDR on this. I think there’s more demand for CV and RP than MH and PL, regardless of supply. If there was demand, there would be competition in pricing. Some parts of CV are just as expensive as MH and PL. Just like some areas of CV can be had for lesser areas of PL.

Just something to be said when you go to a community park in CV and there’s a bunch of moms w/their kids. Heck, even just going to the grocery store. Just different scene up there. IMO, way more family-oriented.

[jpinpb]

[quote=SD Realtor] I think the compression (squish down) mentioned in MH and PL will indeed happen over time. I am toying with the notion that these areas may depreciate a bit quicker over time then other areas that are NOT LIKE them but offer better schools. I think that the demand for the young family looking for good schools far outweighs the professionals looking for an older nice home with a nice place to garden. No disrespect JP or any others. Thus I think that supply in places like MH or PL will linger longer.

I think that the supply of young people writing code for a Sorrento Valley company, while not inexhaustible, is much stronger and will continue to support the desired school districts.[/quote]

I tend to agree w/you more than BG on this, but maybe it’s b/c of the people w/which I am acquainted. Seems they are of the age that have children and want to live in a new home they don’t have to bother fixing so they can have time w/the kids and send them to good schools and socialize in neighborhoods w/other like families in predominantly safe areas. That means, Carmel Valley, RP, Poway, 4S and MR and HOA is not a deterrent to them (a BIG deterrent to me). The thing is, these were also the ZIPs that saw a good amount of speculation and living beyond means. I generalize, I know, but there was quite of bit of speculation in those areas, IMO.

MH and PL have appeal to certain people, but I would not say the majority of the population. And I don’t mean by that to make it a negative.

I will say that w/regard to schools, if one has a nice amount of money, they are also not limited to having to be in PUSD. They can live in PL and send the kid to private school. But I think that is the exception.

I think I share pemeliza’s view of Poway. But judging from all the homes sold in that area, that aren’t cheap either, I’d say we are in the rare category. Maybe it just seems this way to SDR and I b/c of the concentration of people that live there already, and the many who want to.

I have occasion to be in CV and 4S and also in MH and PL. I can understand why a young family would prefer to be in CV and 4S as opposed to MH and PL. And KIM that I have no kids. Back in the day when I was hoping to have kids, I was living in CV b/c I heard about the good schools.

Now today, different story. Learned a little more. If a miracle happened and I had a kid today, there is no way in hell, even if I won the lottery and had money to throw away on MR and HOA, no way would I live in CV or 4S. I would take PL or MH and send to private school.

But that’s a fantasy world and I know I am not the common young family starting out. So again, I agree w/SDR on this. I think there’s more demand for CV and RP than MH and PL, regardless of supply. If there was demand, there would be competition in pricing. Some parts of CV are just as expensive as MH and PL. Just like some areas of CV can be had for lesser areas of PL.

Just something to be said when you go to a community park in CV and there’s a bunch of moms w/their kids. Heck, even just going to the grocery store. Just different scene up there. IMO, way more family-oriented.

[jpinpb]

[quote=SD Realtor] I think the compression (squish down) mentioned in MH and PL will indeed happen over time. I am toying with the notion that these areas may depreciate a bit quicker over time then other areas that are NOT LIKE them but offer better schools. I think that the demand for the young family looking for good schools far outweighs the professionals looking for an older nice home with a nice place to garden. No disrespect JP or any others. Thus I think that supply in places like MH or PL will linger longer.

I think that the supply of young people writing code for a Sorrento Valley company, while not inexhaustible, is much stronger and will continue to support the desired school districts.[/quote]

I tend to agree w/you more than BG on this, but maybe it’s b/c of the people w/which I am acquainted. Seems they are of the age that have children and want to live in a new home they don’t have to bother fixing so they can have time w/the kids and send them to good schools and socialize in neighborhoods w/other like families in predominantly safe areas. That means, Carmel Valley, RP, Poway, 4S and MR and HOA is not a deterrent to them (a BIG deterrent to me). The thing is, these were also the ZIPs that saw a good amount of speculation and living beyond means. I generalize, I know, but there was quite of bit of speculation in those areas, IMO.

MH and PL have appeal to certain people, but I would not say the majority of the population. And I don’t mean by that to make it a negative.

I will say that w/regard to schools, if one has a nice amount of money, they are also not limited to having to be in PUSD. They can live in PL and send the kid to private school. But I think that is the exception.

I think I share pemeliza’s view of Poway. But judging from all the homes sold in that area, that aren’t cheap either, I’d say we are in the rare category. Maybe it just seems this way to SDR and I b/c of the concentration of people that live there already, and the many who want to.

I have occasion to be in CV and 4S and also in MH and PL. I can understand why a young family would prefer to be in CV and 4S as opposed to MH and PL. And KIM that I have no kids. Back in the day when I was hoping to have kids, I was living in CV b/c I heard about the good schools.

Now today, different story. Learned a little more. If a miracle happened and I had a kid today, there is no way in hell, even if I won the lottery and had money to throw away on MR and HOA, no way would I live in CV or 4S. I would take PL or MH and send to private school.

But that’s a fantasy world and I know I am not the common young family starting out. So again, I agree w/SDR on this. I think there’s more demand for CV and RP than MH and PL, regardless of supply. If there was demand, there would be competition in pricing. Some parts of CV are just as expensive as MH and PL. Just like some areas of CV can be had for lesser areas of PL.

Just something to be said when you go to a community park in CV and there’s a bunch of moms w/their kids. Heck, even just going to the grocery store. Just different scene up there. IMO, way more family-oriented.

[jpinpb]

[quote=SD Realtor] I think the compression (squish down) mentioned in MH and PL will indeed happen over time. I am toying with the notion that these areas may depreciate a bit quicker over time then other areas that are NOT LIKE them but offer better schools. I think that the demand for the young family looking for good schools far outweighs the professionals looking for an older nice home with a nice place to garden. No disrespect JP or any others. Thus I think that supply in places like MH or PL will linger longer.

I think that the supply of young people writing code for a Sorrento Valley company, while not inexhaustible, is much stronger and will continue to support the desired school districts.[/quote]

I tend to agree w/you more than BG on this, but maybe it’s b/c of the people w/which I am acquainted. Seems they are of the age that have children and want to live in a new home they don’t have to bother fixing so they can have time w/the kids and send them to good schools and socialize in neighborhoods w/other like families in predominantly safe areas. That means, Carmel Valley, RP, Poway, 4S and MR and HOA is not a deterrent to them (a BIG deterrent to me). The thing is, these were also the ZIPs that saw a good amount of speculation and living beyond means. I generalize, I know, but there was quite of bit of speculation in those areas, IMO.

MH and PL have appeal to certain people, but I would not say the majority of the population. And I don’t mean by that to make it a negative.

I will say that w/regard to schools, if one has a nice amount of money, they are also not limited to having to be in PUSD. They can live in PL and send the kid to private school. But I think that is the exception.

I think I share pemeliza’s view of Poway. But judging from all the homes sold in that area, that aren’t cheap either, I’d say we are in the rare category. Maybe it just seems this way to SDR and I b/c of the concentration of people that live there already, and the many who want to.

I have occasion to be in CV and 4S and also in MH and PL. I can understand why a young family would prefer to be in CV and 4S as opposed to MH and PL. And KIM that I have no kids. Back in the day when I was hoping to have kids, I was living in CV b/c I heard about the good schools.

Now today, different story. Learned a little more. If a miracle happened and I had a kid today, there is no way in hell, even if I won the lottery and had money to throw away on MR and HOA, no way would I live in CV or 4S. I would take PL or MH and send to private school.

But that’s a fantasy world and I know I am not the common young family starting out. So again, I agree w/SDR on this. I think there’s more demand for CV and RP than MH and PL, regardless of supply. If there was demand, there would be competition in pricing. Some parts of CV are just as expensive as MH and PL. Just like some areas of CV can be had for lesser areas of PL.

Just something to be said when you go to a community park in CV and there’s a bunch of moms w/their kids. Heck, even just going to the grocery store. Just different scene up there. IMO, way more family-oriented.

[jpinpb]

[quote=SD Realtor] I think the compression (squish down) mentioned in MH and PL will indeed happen over time. I am toying with the notion that these areas may depreciate a bit quicker over time then other areas that are NOT LIKE them but offer better schools. I think that the demand for the young family looking for good schools far outweighs the professionals looking for an older nice home with a nice place to garden. No disrespect JP or any others. Thus I think that supply in places like MH or PL will linger longer.

I think that the supply of young people writing code for a Sorrento Valley company, while not inexhaustible, is much stronger and will continue to support the desired school districts.[/quote]

I tend to agree w/you more than BG on this, but maybe it’s b/c of the people w/which I am acquainted. Seems they are of the age that have children and want to live in a new home they don’t have to bother fixing so they can have time w/the kids and send them to good schools and socialize in neighborhoods w/other like families in predominantly safe areas. That means, Carmel Valley, RP, Poway, 4S and MR and HOA is not a deterrent to them (a BIG deterrent to me). The thing is, these were also the ZIPs that saw a good amount of speculation and living beyond means. I generalize, I know, but there was quite of bit of speculation in those areas, IMO.

MH and PL have appeal to certain people, but I would not say the majority of the population. And I don’t mean by that to make it a negative.

I will say that w/regard to schools, if one has a nice amount of money, they are also not limited to having to be in PUSD. They can live in PL and send the kid to private school. But I think that is the exception.

I think I share pemeliza’s view of Poway. But judging from all the homes sold in that area, that aren’t cheap either, I’d say we are in the rare category. Maybe it just seems this way to SDR and I b/c of the concentration of people that live there already, and the many who want to.

I have occasion to be in CV and 4S and also in MH and PL. I can understand why a young family would prefer to be in CV and 4S as opposed to MH and PL. And KIM that I have no kids. Back in the day when I was hoping to have kids, I was living in CV b/c I heard about the good schools.

Now today, different story. Learned a little more. If a miracle happened and I had a kid today, there is no way in hell, even if I won the lottery and had money to throw away on MR and HOA, no way would I live in CV or 4S. I would take PL or MH and send to private school.

But that’s a fantasy world and I know I am not the common young family starting out. So again, I agree w/SDR on this. I think there’s more demand for CV and RP than MH and PL, regardless of supply. If there was demand, there would be competition in pricing. Some parts of CV are just as expensive as MH and PL. Just like some areas of CV can be had for lesser areas of PL.

Just something to be said when you go to a community park in CV and there’s a bunch of moms w/their kids. Heck, even just going to the grocery store. Just different scene up there. IMO, way more family-oriented.

[permabear]

We have kids and would consider MH or PL – have looked there in the past. But this discussion is neglecting home size. $625k gets you 2300 sq ft in Scripps:

http://www.redfin.com/CA/San-Diego/10444-Woodchuck-Pt-92131/home/4812739

Whereas $625k in Mission Hills gets you 1500 sq ft:

http://www.redfin.com/CA/San-Diego/3541-Curlew-St-92103/home/5373154

Then, families see a 9 API for Scripps High and award-winning elementary schools, and it’s not much of a comparison.

[permabear]

We have kids and would consider MH or PL – have looked there in the past. But this discussion is neglecting home size. $625k gets you 2300 sq ft in Scripps:

http://www.redfin.com/CA/San-Diego/10444-Woodchuck-Pt-92131/home/4812739

Whereas $625k in Mission Hills gets you 1500 sq ft:

http://www.redfin.com/CA/San-Diego/3541-Curlew-St-92103/home/5373154

Then, families see a 9 API for Scripps High and award-winning elementary schools, and it’s not much of a comparison.

[permabear]

We have kids and would consider MH or PL – have looked there in the past. But this discussion is neglecting home size. $625k gets you 2300 sq ft in Scripps:

http://www.redfin.com/CA/San-Diego/10444-Woodchuck-Pt-92131/home/4812739

Whereas $625k in Mission Hills gets you 1500 sq ft:

http://www.redfin.com/CA/San-Diego/3541-Curlew-St-92103/home/5373154

Then, families see a 9 API for Scripps High and award-winning elementary schools, and it’s not much of a comparison.

[permabear]

We have kids and would consider MH or PL – have looked there in the past. But this discussion is neglecting home size. $625k gets you 2300 sq ft in Scripps:

http://www.redfin.com/CA/San-Diego/10444-Woodchuck-Pt-92131/home/4812739

Whereas $625k in Mission Hills gets you 1500 sq ft:

http://www.redfin.com/CA/San-Diego/3541-Curlew-St-92103/home/5373154

Then, families see a 9 API for Scripps High and award-winning elementary schools, and it’s not much of a comparison.

[Author]

Posts