Point Loma reducing a little

[desmond]

[quote=javatestcase]Desmond, IMHO you may have misinterpreted the tone of this thread.

Speaking only for myself, I am not a home owner, and have live in 92107 for 10 years. I study the market because I plan to buy there, and have put low ball offers on three houses this year, missed out on all so far (barely, all went well below list).

I’m have no interest in trying to convince anyone to buy. I’m simple commenting on my observations. The market may go down further, it may not. It’s taken a while to drop at all, and some places may be good deals like the one above.

p.s. if you ever visited the forum on SDLookup for 92107 and 92106, some of JP’s comments about houses would make sellers want to cry…[/quote]

I have no problem with good deals and anybody buying a home today, I just don’t like to read that if you don’t and are waiting to see what prices do you are somehow “missing out” or not “smart enough to buy now”. I am referring to the overall board not this topic, good luck.

[jpinpb]

I know I started this as a PL thread, but this just came active again in 92103, 1824 Puterbaugh. Sold in 2004 for 944k. NOD filed in May 2009. Listed in June 2010. It’s been on and off the market w/the price fluctuating. Right now it’s listed for 590k.

Regardless of condition or exact location, this place previously sold for 944k. Whoever bought it lacked the wherewithal to keep it or maybe lacked the desire to keep it. Maybe they had the money to pay, but financially made the decision to walk. In any case, I was not seeing these kind of reductions last year in 92103.

Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.

[jpinpb]

I know I started this as a PL thread, but this just came active again in 92103, 1824 Puterbaugh. Sold in 2004 for 944k. NOD filed in May 2009. Listed in June 2010. It’s been on and off the market w/the price fluctuating. Right now it’s listed for 590k.

Regardless of condition or exact location, this place previously sold for 944k. Whoever bought it lacked the wherewithal to keep it or maybe lacked the desire to keep it. Maybe they had the money to pay, but financially made the decision to walk. In any case, I was not seeing these kind of reductions last year in 92103.

Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.

[jpinpb]

I know I started this as a PL thread, but this just came active again in 92103, 1824 Puterbaugh. Sold in 2004 for 944k. NOD filed in May 2009. Listed in June 2010. It’s been on and off the market w/the price fluctuating. Right now it’s listed for 590k.

Regardless of condition or exact location, this place previously sold for 944k. Whoever bought it lacked the wherewithal to keep it or maybe lacked the desire to keep it. Maybe they had the money to pay, but financially made the decision to walk. In any case, I was not seeing these kind of reductions last year in 92103.

Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.

[jpinpb]

I know I started this as a PL thread, but this just came active again in 92103, 1824 Puterbaugh. Sold in 2004 for 944k. NOD filed in May 2009. Listed in June 2010. It’s been on and off the market w/the price fluctuating. Right now it’s listed for 590k.

Regardless of condition or exact location, this place previously sold for 944k. Whoever bought it lacked the wherewithal to keep it or maybe lacked the desire to keep it. Maybe they had the money to pay, but financially made the decision to walk. In any case, I was not seeing these kind of reductions last year in 92103.

Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.

[jpinpb]

I know I started this as a PL thread, but this just came active again in 92103, 1824 Puterbaugh. Sold in 2004 for 944k. NOD filed in May 2009. Listed in June 2010. It’s been on and off the market w/the price fluctuating. Right now it’s listed for 590k.

Regardless of condition or exact location, this place previously sold for 944k. Whoever bought it lacked the wherewithal to keep it or maybe lacked the desire to keep it. Maybe they had the money to pay, but financially made the decision to walk. In any case, I was not seeing these kind of reductions last year in 92103.

Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.

[pemeliza]

“Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.”

JP, I agree with you. I have been saying for some time that Mission Hills has come down in price to the point where the premium over houses in neighboring areas such as NP and KEN has practically evaporated. I think it is a good time to buy in MH if you can find a deal.

I thought of you, JP, when I saw this house listed

http://www.sdlookup.com/MLS-100056357-4164_Ibis_St_San_Diego_CA_92103

I know you were looking for a nice big lot to garden in. That is a nice hood but the house is pretty small and probably needs a lot of work.

[pemeliza]

“Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.”

JP, I agree with you. I have been saying for some time that Mission Hills has come down in price to the point where the premium over houses in neighboring areas such as NP and KEN has practically evaporated. I think it is a good time to buy in MH if you can find a deal.

I thought of you, JP, when I saw this house listed

http://www.sdlookup.com/MLS-100056357-4164_Ibis_St_San_Diego_CA_92103

I know you were looking for a nice big lot to garden in. That is a nice hood but the house is pretty small and probably needs a lot of work.

[pemeliza]

“Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.”

JP, I agree with you. I have been saying for some time that Mission Hills has come down in price to the point where the premium over houses in neighboring areas such as NP and KEN has practically evaporated. I think it is a good time to buy in MH if you can find a deal.

I thought of you, JP, when I saw this house listed

http://www.sdlookup.com/MLS-100056357-4164_Ibis_St_San_Diego_CA_92103

I know you were looking for a nice big lot to garden in. That is a nice hood but the house is pretty small and probably needs a lot of work.

[pemeliza]

“Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.”

JP, I agree with you. I have been saying for some time that Mission Hills has come down in price to the point where the premium over houses in neighboring areas such as NP and KEN has practically evaporated. I think it is a good time to buy in MH if you can find a deal.

I thought of you, JP, when I saw this house listed

http://www.sdlookup.com/MLS-100056357-4164_Ibis_St_San_Diego_CA_92103

I know you were looking for a nice big lot to garden in. That is a nice hood but the house is pretty small and probably needs a lot of work.

[pemeliza]

“Also, 1802 Puterbaugh sold for 650k. Last year it was listed for 995k.

I personally like these old houses and while just slightly out of my price range, I have a question. If this is a trend and places like these start selling for 600k, then what will happen to the shacks that are now selling for 600k? I think CAR is right and there will be a squish down compression.”

JP, I agree with you. I have been saying for some time that Mission Hills has come down in price to the point where the premium over houses in neighboring areas such as NP and KEN has practically evaporated. I think it is a good time to buy in MH if you can find a deal.

I thought of you, JP, when I saw this house listed

http://www.sdlookup.com/MLS-100056357-4164_Ibis_St_San_Diego_CA_92103

I know you were looking for a nice big lot to garden in. That is a nice hood but the house is pretty small and probably needs a lot of work.

[jpinpb]

pemeliza – thanks for thinking of me. That is a nice place and good price. Great yard. I hope whoever bought it doesn’t mow the house down. Hard to find lots that size in that area. You have been saying that for some time about Mission Hills. You were calling it for a while and I’ve been noticing it as well.

[jpinpb]

pemeliza – thanks for thinking of me. That is a nice place and good price. Great yard. I hope whoever bought it doesn’t mow the house down. Hard to find lots that size in that area. You have been saying that for some time about Mission Hills. You were calling it for a while and I’ve been noticing it as well.

[jpinpb]

pemeliza – thanks for thinking of me. That is a nice place and good price. Great yard. I hope whoever bought it doesn’t mow the house down. Hard to find lots that size in that area. You have been saying that for some time about Mission Hills. You were calling it for a while and I’ve been noticing it as well.

[jpinpb]

pemeliza – thanks for thinking of me. That is a nice place and good price. Great yard. I hope whoever bought it doesn’t mow the house down. Hard to find lots that size in that area. You have been saying that for some time about Mission Hills. You were calling it for a while and I’ve been noticing it as well.

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