Scripps Ranch – what’s a reasonable price?

[noone]

don’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?

I would say that you do have to consider inflation, but it will not necessarily push home prices upwards. You have to consider it in relationship to household incomes. If incomes rise at a slower pace than inflation, then fewer families can afford the high priced homes. After paying for the necessities that have all been going through the roof (like health insurance, food, gas, utilities), people actually have less money to spend on housing. This should have the effect of pushing housing prices down.

[SD Realtor]

noone your response makes alot of sense.

sanseeing, I know my answer was not pretty but it is the one that I personally would love to be able to live by. Unfortunately it is highly unlikely that I will be able to due to family needs but IF I had unlimited time then that is the strategy I would apply.

So your question about using past prices as a reference and factoring inflation into the mix makes alot of sense. However as noone pointed out, higher inflation also means less to spend on housing as well correct? I don’t know…if you analyze it to much, you start chasing your tail and you go nowhere. I have seen some posters do something like take 2001 prices and apply a 3% appreciation rate and that may be considered reasonable. Again, hard to say what works.

In the end, for me, all I can do is make sure I buy what I can afford and will hopefully not have regrets if/when the market goes down after I buy. If I can hold off until sometime into 09 that will be better then 08 but by no means will it be the bottom.

As far as RP/RB as reasonable alternatives to Scripps… well that is in the eye of the beholder yeah? Lots of people think so. I have no problems at all with either of them but personally I like Scripps a bit better. RB/RP get the Poway school district so the nod goes to them for that category. It really is personal taste. I lived in RP for awhile and had no problems with it at all. I have lots of friends that live in both places and like them.

As for measuring the depreciation of each neighborhood to compare to each other. If I didn’t alot other work to do I would do that and post tonite… However I am gonna procrastinate by reading a few more posts, run some simulations for my other job, do some more real estate work, then go to sleep. If you want shoot me some email and I will do it in the next few days. [email protected]

SD Realtor

[SD Realtor]

noone your response makes alot of sense.

sanseeing, I know my answer was not pretty but it is the one that I personally would love to be able to live by. Unfortunately it is highly unlikely that I will be able to due to family needs but IF I had unlimited time then that is the strategy I would apply.

So your question about using past prices as a reference and factoring inflation into the mix makes alot of sense. However as noone pointed out, higher inflation also means less to spend on housing as well correct? I don’t know…if you analyze it to much, you start chasing your tail and you go nowhere. I have seen some posters do something like take 2001 prices and apply a 3% appreciation rate and that may be considered reasonable. Again, hard to say what works.

In the end, for me, all I can do is make sure I buy what I can afford and will hopefully not have regrets if/when the market goes down after I buy. If I can hold off until sometime into 09 that will be better then 08 but by no means will it be the bottom.

As far as RP/RB as reasonable alternatives to Scripps… well that is in the eye of the beholder yeah? Lots of people think so. I have no problems at all with either of them but personally I like Scripps a bit better. RB/RP get the Poway school district so the nod goes to them for that category. It really is personal taste. I lived in RP for awhile and had no problems with it at all. I have lots of friends that live in both places and like them.

As for measuring the depreciation of each neighborhood to compare to each other. If I didn’t alot other work to do I would do that and post tonite… However I am gonna procrastinate by reading a few more posts, run some simulations for my other job, do some more real estate work, then go to sleep. If you want shoot me some email and I will do it in the next few days. [email protected]

SD Realtor

[SD Realtor]

noone your response makes alot of sense.

sanseeing, I know my answer was not pretty but it is the one that I personally would love to be able to live by. Unfortunately it is highly unlikely that I will be able to due to family needs but IF I had unlimited time then that is the strategy I would apply.

So your question about using past prices as a reference and factoring inflation into the mix makes alot of sense. However as noone pointed out, higher inflation also means less to spend on housing as well correct? I don’t know…if you analyze it to much, you start chasing your tail and you go nowhere. I have seen some posters do something like take 2001 prices and apply a 3% appreciation rate and that may be considered reasonable. Again, hard to say what works.

In the end, for me, all I can do is make sure I buy what I can afford and will hopefully not have regrets if/when the market goes down after I buy. If I can hold off until sometime into 09 that will be better then 08 but by no means will it be the bottom.

As far as RP/RB as reasonable alternatives to Scripps… well that is in the eye of the beholder yeah? Lots of people think so. I have no problems at all with either of them but personally I like Scripps a bit better. RB/RP get the Poway school district so the nod goes to them for that category. It really is personal taste. I lived in RP for awhile and had no problems with it at all. I have lots of friends that live in both places and like them.

As for measuring the depreciation of each neighborhood to compare to each other. If I didn’t alot other work to do I would do that and post tonite… However I am gonna procrastinate by reading a few more posts, run some simulations for my other job, do some more real estate work, then go to sleep. If you want shoot me some email and I will do it in the next few days. [email protected]

SD Realtor

[SD Realtor]

noone your response makes alot of sense.

sanseeing, I know my answer was not pretty but it is the one that I personally would love to be able to live by. Unfortunately it is highly unlikely that I will be able to due to family needs but IF I had unlimited time then that is the strategy I would apply.

So your question about using past prices as a reference and factoring inflation into the mix makes alot of sense. However as noone pointed out, higher inflation also means less to spend on housing as well correct? I don’t know…if you analyze it to much, you start chasing your tail and you go nowhere. I have seen some posters do something like take 2001 prices and apply a 3% appreciation rate and that may be considered reasonable. Again, hard to say what works.

In the end, for me, all I can do is make sure I buy what I can afford and will hopefully not have regrets if/when the market goes down after I buy. If I can hold off until sometime into 09 that will be better then 08 but by no means will it be the bottom.

As far as RP/RB as reasonable alternatives to Scripps… well that is in the eye of the beholder yeah? Lots of people think so. I have no problems at all with either of them but personally I like Scripps a bit better. RB/RP get the Poway school district so the nod goes to them for that category. It really is personal taste. I lived in RP for awhile and had no problems with it at all. I have lots of friends that live in both places and like them.

As for measuring the depreciation of each neighborhood to compare to each other. If I didn’t alot other work to do I would do that and post tonite… However I am gonna procrastinate by reading a few more posts, run some simulations for my other job, do some more real estate work, then go to sleep. If you want shoot me some email and I will do it in the next few days. [email protected]

SD Realtor

[SD Realtor]

noone your response makes alot of sense.

sanseeing, I know my answer was not pretty but it is the one that I personally would love to be able to live by. Unfortunately it is highly unlikely that I will be able to due to family needs but IF I had unlimited time then that is the strategy I would apply.

So your question about using past prices as a reference and factoring inflation into the mix makes alot of sense. However as noone pointed out, higher inflation also means less to spend on housing as well correct? I don’t know…if you analyze it to much, you start chasing your tail and you go nowhere. I have seen some posters do something like take 2001 prices and apply a 3% appreciation rate and that may be considered reasonable. Again, hard to say what works.

In the end, for me, all I can do is make sure I buy what I can afford and will hopefully not have regrets if/when the market goes down after I buy. If I can hold off until sometime into 09 that will be better then 08 but by no means will it be the bottom.

As far as RP/RB as reasonable alternatives to Scripps… well that is in the eye of the beholder yeah? Lots of people think so. I have no problems at all with either of them but personally I like Scripps a bit better. RB/RP get the Poway school district so the nod goes to them for that category. It really is personal taste. I lived in RP for awhile and had no problems with it at all. I have lots of friends that live in both places and like them.

As for measuring the depreciation of each neighborhood to compare to each other. If I didn’t alot other work to do I would do that and post tonite… However I am gonna procrastinate by reading a few more posts, run some simulations for my other job, do some more real estate work, then go to sleep. If you want shoot me some email and I will do it in the next few days. [email protected]

SD Realtor

[Coronita]

Reasonable price for me for 1700-1800 3bdrm in SR would be about 39,000,000 Yen.

(I'm starting to quote in a real currency whose conversion rate to USD can be fairly obtained by simply moving the decimal point a few positions left or right depending on which way you want to do the conversion)

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Reasonable price for me for 1700-1800 3bdrm in SR would be about 39,000,000 Yen.

(I'm starting to quote in a real currency whose conversion rate to USD can be fairly obtained by simply moving the decimal point a few positions left or right depending on which way you want to do the conversion)

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Reasonable price for me for 1700-1800 3bdrm in SR would be about 39,000,000 Yen.

(I'm starting to quote in a real currency whose conversion rate to USD can be fairly obtained by simply moving the decimal point a few positions left or right depending on which way you want to do the conversion)

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Reasonable price for me for 1700-1800 3bdrm in SR would be about 39,000,000 Yen.

(I'm starting to quote in a real currency whose conversion rate to USD can be fairly obtained by simply moving the decimal point a few positions left or right depending on which way you want to do the conversion)

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Reasonable price for me for 1700-1800 3bdrm in SR would be about 39,000,000 Yen.

(I'm starting to quote in a real currency whose conversion rate to USD can be fairly obtained by simply moving the decimal point a few positions left or right depending on which way you want to do the conversion)

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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