Santaluz – Current Market Conditions

[LAAFTERHOURS]

[quote=ocrenter][quote=clearfund]

Right now you can buy below replacement value which is a great starting point.[/quote]

good point on the increased cost to build in there. I forgot about the strict building requirement from the HOA. would that apply to Cielo or the Crosby too?

here’s something that would be below replacement cost:

http://www.sdlookup.com/MLS-100016497-7511_Plein_Aire_St_San_Diego_CA_92127%5B/quote%5D

Right under the power towers – probably get free electricity since they are so close to the house.

[clearfund]

To a certain degree the costs/design requirements in Cielo/Crosby are more expensive to comply with than regular building. I believe that the Santaluz requirements are the most costly. However, that doesn’t mean they create the most value, just that their process is the most detailed and pretty similar to the trauma of getting a home approved/built in the RSF Covenant relative to the other gated golf communities.

The Bridges is a cakewalk to get design approved if you know their goals…more focused on just a pleasing look than technical mandates like santaluz…and we know The Bridges values remain pretty high.

As for the link to the SDGE substation/residence…enough said…

[clearfund]

To a certain degree the costs/design requirements in Cielo/Crosby are more expensive to comply with than regular building. I believe that the Santaluz requirements are the most costly. However, that doesn’t mean they create the most value, just that their process is the most detailed and pretty similar to the trauma of getting a home approved/built in the RSF Covenant relative to the other gated golf communities.

The Bridges is a cakewalk to get design approved if you know their goals…more focused on just a pleasing look than technical mandates like santaluz…and we know The Bridges values remain pretty high.

As for the link to the SDGE substation/residence…enough said…

[clearfund]

To a certain degree the costs/design requirements in Cielo/Crosby are more expensive to comply with than regular building. I believe that the Santaluz requirements are the most costly. However, that doesn’t mean they create the most value, just that their process is the most detailed and pretty similar to the trauma of getting a home approved/built in the RSF Covenant relative to the other gated golf communities.

The Bridges is a cakewalk to get design approved if you know their goals…more focused on just a pleasing look than technical mandates like santaluz…and we know The Bridges values remain pretty high.

As for the link to the SDGE substation/residence…enough said…

[clearfund]

To a certain degree the costs/design requirements in Cielo/Crosby are more expensive to comply with than regular building. I believe that the Santaluz requirements are the most costly. However, that doesn’t mean they create the most value, just that their process is the most detailed and pretty similar to the trauma of getting a home approved/built in the RSF Covenant relative to the other gated golf communities.

The Bridges is a cakewalk to get design approved if you know their goals…more focused on just a pleasing look than technical mandates like santaluz…and we know The Bridges values remain pretty high.

As for the link to the SDGE substation/residence…enough said…

[clearfund]

To a certain degree the costs/design requirements in Cielo/Crosby are more expensive to comply with than regular building. I believe that the Santaluz requirements are the most costly. However, that doesn’t mean they create the most value, just that their process is the most detailed and pretty similar to the trauma of getting a home approved/built in the RSF Covenant relative to the other gated golf communities.

The Bridges is a cakewalk to get design approved if you know their goals…more focused on just a pleasing look than technical mandates like santaluz…and we know The Bridges values remain pretty high.

As for the link to the SDGE substation/residence…enough said…

[clearfund]

ps: to the main point of this post. Regardless of how nice the community is/will be. I suspect a rising tide of inventory forthcoming and another leg down in pricing above $1.25mm.

There is just a ton of inventory priced between $1.5mm – $3mm in comparable neighborhoods of Cielo/Crosby/Santaluz/Fairbanks Highlands/etc.

[clearfund]

ps: to the main point of this post. Regardless of how nice the community is/will be. I suspect a rising tide of inventory forthcoming and another leg down in pricing above $1.25mm.

There is just a ton of inventory priced between $1.5mm – $3mm in comparable neighborhoods of Cielo/Crosby/Santaluz/Fairbanks Highlands/etc.

[clearfund]

ps: to the main point of this post. Regardless of how nice the community is/will be. I suspect a rising tide of inventory forthcoming and another leg down in pricing above $1.25mm.

There is just a ton of inventory priced between $1.5mm – $3mm in comparable neighborhoods of Cielo/Crosby/Santaluz/Fairbanks Highlands/etc.

[clearfund]

ps: to the main point of this post. Regardless of how nice the community is/will be. I suspect a rising tide of inventory forthcoming and another leg down in pricing above $1.25mm.

There is just a ton of inventory priced between $1.5mm – $3mm in comparable neighborhoods of Cielo/Crosby/Santaluz/Fairbanks Highlands/etc.

[clearfund]

ps: to the main point of this post. Regardless of how nice the community is/will be. I suspect a rising tide of inventory forthcoming and another leg down in pricing above $1.25mm.

There is just a ton of inventory priced between $1.5mm – $3mm in comparable neighborhoods of Cielo/Crosby/Santaluz/Fairbanks Highlands/etc.

[EconProf]

I suspect a lot of these 5+ bedroom McMansions are dinasaurs and will suffer greviously on a price per SF basis. When rising utility costs are factored in along with Americans’ coming healthy desire to downsize, quality and location will triumph over size. A smaller footprint is a good thing.

[EconProf]

I suspect a lot of these 5+ bedroom McMansions are dinasaurs and will suffer greviously on a price per SF basis. When rising utility costs are factored in along with Americans’ coming healthy desire to downsize, quality and location will triumph over size. A smaller footprint is a good thing.

[EconProf]

I suspect a lot of these 5+ bedroom McMansions are dinasaurs and will suffer greviously on a price per SF basis. When rising utility costs are factored in along with Americans’ coming healthy desire to downsize, quality and location will triumph over size. A smaller footprint is a good thing.

[EconProf]

I suspect a lot of these 5+ bedroom McMansions are dinasaurs and will suffer greviously on a price per SF basis. When rising utility costs are factored in along with Americans’ coming healthy desire to downsize, quality and location will triumph over size. A smaller footprint is a good thing.

[Author]

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