Santaluz – Current Market Conditions

[EconProf]

Sunny88: I agree. Santaluz is all about low density and, for many houses, forever views. But there are two parts to Santaluz–east of Del Sur, and the higher density, 4S standard big boxes west of Del Sur. The latter have deservedly fallen the most in value.

[earlyretirement]

Thanks so much all of you for your great comments regarding Santaluz. I was just referred by someone that lives in San Diego to this board when I told him I was considering Santaluz.

I came to the same conclusion as what many of you posted but it’s nice hearing it from people that have lived there and know the area well.

There look like there are some gorgeous homes there. The thing that concerned me is some of the houses have been sitting on the market FOREVER! Some as long as a year with the various tricks of listing, re-listing, delisting, re-listing, etc.

The HOA and Mello Roos taxes are high compared to other areas we are looking at and considering. But like some of you mentioned, if you are buying for the long haul, have young kids and plan to stay in the area a long time then this might be ideal.

I had a few questions. Someone mentioned there are lots of power lines in the area. Does anyone know specifically which part has the power lines? Or are they all over? I couldn’t see them on Google Earth.

Also, any of you live in the area and notice that property owners aren’t paying their HOA dues? There looks like a steady supply of properties on the market there and wondered about people in default or heading that way that aren’t paying their share of HOA’s?

The area looks gorgeous and the school system is great there….

[earlyretirement]

Thanks so much all of you for your great comments regarding Santaluz. I was just referred by someone that lives in San Diego to this board when I told him I was considering Santaluz.

I came to the same conclusion as what many of you posted but it’s nice hearing it from people that have lived there and know the area well.

There look like there are some gorgeous homes there. The thing that concerned me is some of the houses have been sitting on the market FOREVER! Some as long as a year with the various tricks of listing, re-listing, delisting, re-listing, etc.

The HOA and Mello Roos taxes are high compared to other areas we are looking at and considering. But like some of you mentioned, if you are buying for the long haul, have young kids and plan to stay in the area a long time then this might be ideal.

I had a few questions. Someone mentioned there are lots of power lines in the area. Does anyone know specifically which part has the power lines? Or are they all over? I couldn’t see them on Google Earth.

Also, any of you live in the area and notice that property owners aren’t paying their HOA dues? There looks like a steady supply of properties on the market there and wondered about people in default or heading that way that aren’t paying their share of HOA’s?

The area looks gorgeous and the school system is great there….

[earlyretirement]

Thanks so much all of you for your great comments regarding Santaluz. I was just referred by someone that lives in San Diego to this board when I told him I was considering Santaluz.

I came to the same conclusion as what many of you posted but it’s nice hearing it from people that have lived there and know the area well.

There look like there are some gorgeous homes there. The thing that concerned me is some of the houses have been sitting on the market FOREVER! Some as long as a year with the various tricks of listing, re-listing, delisting, re-listing, etc.

The HOA and Mello Roos taxes are high compared to other areas we are looking at and considering. But like some of you mentioned, if you are buying for the long haul, have young kids and plan to stay in the area a long time then this might be ideal.

I had a few questions. Someone mentioned there are lots of power lines in the area. Does anyone know specifically which part has the power lines? Or are they all over? I couldn’t see them on Google Earth.

Also, any of you live in the area and notice that property owners aren’t paying their HOA dues? There looks like a steady supply of properties on the market there and wondered about people in default or heading that way that aren’t paying their share of HOA’s?

The area looks gorgeous and the school system is great there….

[earlyretirement]

Thanks so much all of you for your great comments regarding Santaluz. I was just referred by someone that lives in San Diego to this board when I told him I was considering Santaluz.

I came to the same conclusion as what many of you posted but it’s nice hearing it from people that have lived there and know the area well.

There look like there are some gorgeous homes there. The thing that concerned me is some of the houses have been sitting on the market FOREVER! Some as long as a year with the various tricks of listing, re-listing, delisting, re-listing, etc.

The HOA and Mello Roos taxes are high compared to other areas we are looking at and considering. But like some of you mentioned, if you are buying for the long haul, have young kids and plan to stay in the area a long time then this might be ideal.

I had a few questions. Someone mentioned there are lots of power lines in the area. Does anyone know specifically which part has the power lines? Or are they all over? I couldn’t see them on Google Earth.

Also, any of you live in the area and notice that property owners aren’t paying their HOA dues? There looks like a steady supply of properties on the market there and wondered about people in default or heading that way that aren’t paying their share of HOA’s?

The area looks gorgeous and the school system is great there….

[earlyretirement]

Thanks so much all of you for your great comments regarding Santaluz. I was just referred by someone that lives in San Diego to this board when I told him I was considering Santaluz.

I came to the same conclusion as what many of you posted but it’s nice hearing it from people that have lived there and know the area well.

There look like there are some gorgeous homes there. The thing that concerned me is some of the houses have been sitting on the market FOREVER! Some as long as a year with the various tricks of listing, re-listing, delisting, re-listing, etc.

The HOA and Mello Roos taxes are high compared to other areas we are looking at and considering. But like some of you mentioned, if you are buying for the long haul, have young kids and plan to stay in the area a long time then this might be ideal.

I had a few questions. Someone mentioned there are lots of power lines in the area. Does anyone know specifically which part has the power lines? Or are they all over? I couldn’t see them on Google Earth.

Also, any of you live in the area and notice that property owners aren’t paying their HOA dues? There looks like a steady supply of properties on the market there and wondered about people in default or heading that way that aren’t paying their share of HOA’s?

The area looks gorgeous and the school system is great there….

[SD Realtor]

I think Santa Luz will continue to tighten up due to many reasons. One of them will be tightening lending standards and a reduction in the jumbo limit. Additionally higher rates really put pressure on homes like those priced in Santa Luz. You have a nice area with high fees, also you have alot of speculators including realtors that bought there several years ago. They are all feeling pinched and I believe will continue to feel pain as we move forward in the next few years. If rates for really high you may see some very nice deals there. I still view it as high risk compared to other neighborhoods.

It is a very nice place though.

Earlyretirement I would advise you to drive out there and check it out. Alot of times even when you can see the power lines from google earth, you cannot get the perspective and the feel for them.

[SD Realtor]

I think Santa Luz will continue to tighten up due to many reasons. One of them will be tightening lending standards and a reduction in the jumbo limit. Additionally higher rates really put pressure on homes like those priced in Santa Luz. You have a nice area with high fees, also you have alot of speculators including realtors that bought there several years ago. They are all feeling pinched and I believe will continue to feel pain as we move forward in the next few years. If rates for really high you may see some very nice deals there. I still view it as high risk compared to other neighborhoods.

It is a very nice place though.

Earlyretirement I would advise you to drive out there and check it out. Alot of times even when you can see the power lines from google earth, you cannot get the perspective and the feel for them.

[SD Realtor]

I think Santa Luz will continue to tighten up due to many reasons. One of them will be tightening lending standards and a reduction in the jumbo limit. Additionally higher rates really put pressure on homes like those priced in Santa Luz. You have a nice area with high fees, also you have alot of speculators including realtors that bought there several years ago. They are all feeling pinched and I believe will continue to feel pain as we move forward in the next few years. If rates for really high you may see some very nice deals there. I still view it as high risk compared to other neighborhoods.

It is a very nice place though.

Earlyretirement I would advise you to drive out there and check it out. Alot of times even when you can see the power lines from google earth, you cannot get the perspective and the feel for them.

[SD Realtor]

I think Santa Luz will continue to tighten up due to many reasons. One of them will be tightening lending standards and a reduction in the jumbo limit. Additionally higher rates really put pressure on homes like those priced in Santa Luz. You have a nice area with high fees, also you have alot of speculators including realtors that bought there several years ago. They are all feeling pinched and I believe will continue to feel pain as we move forward in the next few years. If rates for really high you may see some very nice deals there. I still view it as high risk compared to other neighborhoods.

It is a very nice place though.

Earlyretirement I would advise you to drive out there and check it out. Alot of times even when you can see the power lines from google earth, you cannot get the perspective and the feel for them.

[SD Realtor]

I think Santa Luz will continue to tighten up due to many reasons. One of them will be tightening lending standards and a reduction in the jumbo limit. Additionally higher rates really put pressure on homes like those priced in Santa Luz. You have a nice area with high fees, also you have alot of speculators including realtors that bought there several years ago. They are all feeling pinched and I believe will continue to feel pain as we move forward in the next few years. If rates for really high you may see some very nice deals there. I still view it as high risk compared to other neighborhoods.

It is a very nice place though.

Earlyretirement I would advise you to drive out there and check it out. Alot of times even when you can see the power lines from google earth, you cannot get the perspective and the feel for them.

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

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