Point Loma reducing a little

[sdcellar]

Yes, forgive me, I meant to say “not making any more land, but what they’re really not making are houses with genuine period architecture.” Unfortunately (for me), I’m a little tired and under the weather and since that’s my favorite way to rattle it off, I blew a great opportunity.

That said, are you suggesting there’s a meaningful difference, because that would be fun to debate. You’d be surprised the ingenuity people can bring to bear when it comes to “discovering” buildable land. Why one need look no further than, well, Point Loma and the aforementioned Liberty Station.

[an]

[quote=sdcellar]That said, are you suggesting there’s a meaningful difference, because that would be fun to debate. You’d be surprised the ingenuity people can bring to bear when it comes to “discovering” buildable land. Why one need look no further than, well, Point Loma and the aforementioned Liberty Station.[/quote]
For a built out area, unless the city change its zoning for a particular plot of land, yes, they’re not making any build-able land. Liberty Station land has always been there, they just rezone it. That’s not very common and usually is much more expensive/difficult than buying a plot of land that has nothing on it and is zoned for residential. My guess is that Liberty Station only happened because of the RE bubble. Where the builder did their calculation and even w/ the extra cost of getting the land rezoned, they’d still make a profit.

[an]

[quote=sdcellar]That said, are you suggesting there’s a meaningful difference, because that would be fun to debate. You’d be surprised the ingenuity people can bring to bear when it comes to “discovering” buildable land. Why one need look no further than, well, Point Loma and the aforementioned Liberty Station.[/quote]
For a built out area, unless the city change its zoning for a particular plot of land, yes, they’re not making any build-able land. Liberty Station land has always been there, they just rezone it. That’s not very common and usually is much more expensive/difficult than buying a plot of land that has nothing on it and is zoned for residential. My guess is that Liberty Station only happened because of the RE bubble. Where the builder did their calculation and even w/ the extra cost of getting the land rezoned, they’d still make a profit.

[an]

[quote=sdcellar]That said, are you suggesting there’s a meaningful difference, because that would be fun to debate. You’d be surprised the ingenuity people can bring to bear when it comes to “discovering” buildable land. Why one need look no further than, well, Point Loma and the aforementioned Liberty Station.[/quote]
For a built out area, unless the city change its zoning for a particular plot of land, yes, they’re not making any build-able land. Liberty Station land has always been there, they just rezone it. That’s not very common and usually is much more expensive/difficult than buying a plot of land that has nothing on it and is zoned for residential. My guess is that Liberty Station only happened because of the RE bubble. Where the builder did their calculation and even w/ the extra cost of getting the land rezoned, they’d still make a profit.

[an]

[quote=sdcellar]That said, are you suggesting there’s a meaningful difference, because that would be fun to debate. You’d be surprised the ingenuity people can bring to bear when it comes to “discovering” buildable land. Why one need look no further than, well, Point Loma and the aforementioned Liberty Station.[/quote]
For a built out area, unless the city change its zoning for a particular plot of land, yes, they’re not making any build-able land. Liberty Station land has always been there, they just rezone it. That’s not very common and usually is much more expensive/difficult than buying a plot of land that has nothing on it and is zoned for residential. My guess is that Liberty Station only happened because of the RE bubble. Where the builder did their calculation and even w/ the extra cost of getting the land rezoned, they’d still make a profit.

[an]

[quote=sdcellar]That said, are you suggesting there’s a meaningful difference, because that would be fun to debate. You’d be surprised the ingenuity people can bring to bear when it comes to “discovering” buildable land. Why one need look no further than, well, Point Loma and the aforementioned Liberty Station.[/quote]
For a built out area, unless the city change its zoning for a particular plot of land, yes, they’re not making any build-able land. Liberty Station land has always been there, they just rezone it. That’s not very common and usually is much more expensive/difficult than buying a plot of land that has nothing on it and is zoned for residential. My guess is that Liberty Station only happened because of the RE bubble. Where the builder did their calculation and even w/ the extra cost of getting the land rezoned, they’d still make a profit.

[jstoesz]

One more note…I have lived on the beach in del Mar and downtown in encinitas and they pail in comparison to the neighborhood and culture of pt Loma… but I like sailing.

[jstoesz]

One more note…I have lived on the beach in del Mar and downtown in encinitas and they pail in comparison to the neighborhood and culture of pt Loma… but I like sailing.

[jstoesz]

One more note…I have lived on the beach in del Mar and downtown in encinitas and they pail in comparison to the neighborhood and culture of pt Loma… but I like sailing.

[jstoesz]

One more note…I have lived on the beach in del Mar and downtown in encinitas and they pail in comparison to the neighborhood and culture of pt Loma… but I like sailing.

[jstoesz]

One more note…I have lived on the beach in del Mar and downtown in encinitas and they pail in comparison to the neighborhood and culture of pt Loma… but I like sailing.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[Author]

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