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  • August 22, 2007 at 10:20 PM #79565
    Anonymous
    Guest

    I live in Crown Point area now (Rent). As a single guy it is a great area, and one of the better areas by PB standards. But no way in hell I would want to live here long term with a family. I used to live in La Jolla and Crown Point is a dump in comparison.

    I don’t know about the quality of schools here but I live near Crown Point elementary and it looks like there are tons of illegal immigrants attending based on the foot traffic I see on a daily basis.

    I think prices will crash here in PB just as bad as anywhere, but I wouldn’t be interested in buying here again.

    August 23, 2007 at 8:38 AM #79588
    CafeMoto
    Participant

    I believe its only very wealthy individuals, families, and investors that should be buying in today’s market. You buy it because you can truly afford most any price, you feel you must have it, and its not exclusively for investment. This is how those with deep funds can spend if they choose. PB like most areas is laughably out of touch with the incomes of many intelligent working professionals. It’s a great location if university (a bit of everything) is your cup of tea. I feel buying right now is wrong for the majority including myself. This property above is seriously worth 600k IMO, but worth is what people will pay for it, true!

    August 23, 2007 at 8:38 AM #79716
    CafeMoto
    Participant

    I believe its only very wealthy individuals, families, and investors that should be buying in today’s market. You buy it because you can truly afford most any price, you feel you must have it, and its not exclusively for investment. This is how those with deep funds can spend if they choose. PB like most areas is laughably out of touch with the incomes of many intelligent working professionals. It’s a great location if university (a bit of everything) is your cup of tea. I feel buying right now is wrong for the majority including myself. This property above is seriously worth 600k IMO, but worth is what people will pay for it, true!

    August 23, 2007 at 8:38 AM #79739
    CafeMoto
    Participant

    I believe its only very wealthy individuals, families, and investors that should be buying in today’s market. You buy it because you can truly afford most any price, you feel you must have it, and its not exclusively for investment. This is how those with deep funds can spend if they choose. PB like most areas is laughably out of touch with the incomes of many intelligent working professionals. It’s a great location if university (a bit of everything) is your cup of tea. I feel buying right now is wrong for the majority including myself. This property above is seriously worth 600k IMO, but worth is what people will pay for it, true!

    August 23, 2007 at 10:52 AM #79759
    ibjames
    Participant

    Trust me, no one on this site is buying soon, but the decline is so slow sometimes it’s disgusting

    August 23, 2007 at 10:52 AM #79888
    ibjames
    Participant

    Trust me, no one on this site is buying soon, but the decline is so slow sometimes it’s disgusting

    August 23, 2007 at 10:52 AM #79910
    ibjames
    Participant

    Trust me, no one on this site is buying soon, but the decline is so slow sometimes it’s disgusting

    August 23, 2007 at 1:01 PM #79877
    FoamFinger1
    Participant

    The “premium” that we speak of is a tuf nut to crack. I can totally see a property on the bay side walk with frontage and view would have a sizeable premium. But the porperties inland, no view, small lot, mixed zoning. All that put into the “premiun” equation wobbles the brain.

    A few block away, there is still a premium, still way rich for the family guy.

    If I wanted rental income, an apartment building would be my first choice. If I wanted a SFR with a yard, that would be my focus. Trying to combine the two seems like the wrong way to go for a long term real estate investment.

    Once that second unit is built, it will always be a rental. The main home will no longer be the SFR it was intended, nor the community which planned for SFR’s with a yard.

    Sure, several years and some deep pockets could always bulldoze it. Then build what?…multi unit seasonal rentals? or Condos? No thanks.

    BTW, The corner of PB Dr. and Mission Blvd. condo project is under way. Does anyone remember what happens at that intersection when it rains? (hint: it’s the lowest spot in town)underway and soon to be underwater (ahoy condo owner!)

    August 23, 2007 at 1:01 PM #80005
    FoamFinger1
    Participant

    The “premium” that we speak of is a tuf nut to crack. I can totally see a property on the bay side walk with frontage and view would have a sizeable premium. But the porperties inland, no view, small lot, mixed zoning. All that put into the “premiun” equation wobbles the brain.

    A few block away, there is still a premium, still way rich for the family guy.

    If I wanted rental income, an apartment building would be my first choice. If I wanted a SFR with a yard, that would be my focus. Trying to combine the two seems like the wrong way to go for a long term real estate investment.

    Once that second unit is built, it will always be a rental. The main home will no longer be the SFR it was intended, nor the community which planned for SFR’s with a yard.

    Sure, several years and some deep pockets could always bulldoze it. Then build what?…multi unit seasonal rentals? or Condos? No thanks.

    BTW, The corner of PB Dr. and Mission Blvd. condo project is under way. Does anyone remember what happens at that intersection when it rains? (hint: it’s the lowest spot in town)underway and soon to be underwater (ahoy condo owner!)

    August 23, 2007 at 1:01 PM #80027
    FoamFinger1
    Participant

    The “premium” that we speak of is a tuf nut to crack. I can totally see a property on the bay side walk with frontage and view would have a sizeable premium. But the porperties inland, no view, small lot, mixed zoning. All that put into the “premiun” equation wobbles the brain.

    A few block away, there is still a premium, still way rich for the family guy.

    If I wanted rental income, an apartment building would be my first choice. If I wanted a SFR with a yard, that would be my focus. Trying to combine the two seems like the wrong way to go for a long term real estate investment.

    Once that second unit is built, it will always be a rental. The main home will no longer be the SFR it was intended, nor the community which planned for SFR’s with a yard.

    Sure, several years and some deep pockets could always bulldoze it. Then build what?…multi unit seasonal rentals? or Condos? No thanks.

    BTW, The corner of PB Dr. and Mission Blvd. condo project is under way. Does anyone remember what happens at that intersection when it rains? (hint: it’s the lowest spot in town)underway and soon to be underwater (ahoy condo owner!)

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