Stonebridge-what does the future bring?

[bob2007]

Sounds good for the most part. I actually like that area. Only downside is $500 mello roos and HOA. That would be a problem with resale. But, you say you want to stay for a long time, and are ok with that part, so maybe resale isn’t that big of a problem.

[Anonymous]

Thanks Bob2007-The MR is less than desirable but my wife and I generally prefer new construction and that generally comes with the territory. We do expect to stay for a along time which in some ways make this even more problematic. I like some areas of Scripps that have no or lower MR but the homes are much smaller, you have no parking and limited garage space with very small yards. Also the kitchens are really small and with expectations of grandkids in 3-8 years my wife wants to be a destination for the extended family. I also pay now to store a ski boat that will fit in the new garage so that will compensate for some of the MR. I guess you can rationalize anything 🙂

[Anonymous]

Thanks Bob2007-The MR is less than desirable but my wife and I generally prefer new construction and that generally comes with the territory. We do expect to stay for a along time which in some ways make this even more problematic. I like some areas of Scripps that have no or lower MR but the homes are much smaller, you have no parking and limited garage space with very small yards. Also the kitchens are really small and with expectations of grandkids in 3-8 years my wife wants to be a destination for the extended family. I also pay now to store a ski boat that will fit in the new garage so that will compensate for some of the MR. I guess you can rationalize anything 🙂

[Anonymous]

Thanks Bob2007-The MR is less than desirable but my wife and I generally prefer new construction and that generally comes with the territory. We do expect to stay for a along time which in some ways make this even more problematic. I like some areas of Scripps that have no or lower MR but the homes are much smaller, you have no parking and limited garage space with very small yards. Also the kitchens are really small and with expectations of grandkids in 3-8 years my wife wants to be a destination for the extended family. I also pay now to store a ski boat that will fit in the new garage so that will compensate for some of the MR. I guess you can rationalize anything 🙂

[Anonymous]

Thanks Bob2007-The MR is less than desirable but my wife and I generally prefer new construction and that generally comes with the territory. We do expect to stay for a along time which in some ways make this even more problematic. I like some areas of Scripps that have no or lower MR but the homes are much smaller, you have no parking and limited garage space with very small yards. Also the kitchens are really small and with expectations of grandkids in 3-8 years my wife wants to be a destination for the extended family. I also pay now to store a ski boat that will fit in the new garage so that will compensate for some of the MR. I guess you can rationalize anything 🙂

[Anonymous]

Thanks Bob2007-The MR is less than desirable but my wife and I generally prefer new construction and that generally comes with the territory. We do expect to stay for a along time which in some ways make this even more problematic. I like some areas of Scripps that have no or lower MR but the homes are much smaller, you have no parking and limited garage space with very small yards. Also the kitchens are really small and with expectations of grandkids in 3-8 years my wife wants to be a destination for the extended family. I also pay now to store a ski boat that will fit in the new garage so that will compensate for some of the MR. I guess you can rationalize anything 🙂

[SD Realtor]

The biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.

One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.

You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.

As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.

I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.

[SD Realtor]

The biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.

One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.

You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.

As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.

I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.

[SD Realtor]

The biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.

One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.

You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.

As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.

I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.

[SD Realtor]

The biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.

One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.

You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.

As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.

I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.

[SD Realtor]

The biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.

One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.

You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.

As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.

I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.

[Anonymous]

Thanks SD Realtor. I have been following both the market and this blog for about 2 years and had I not I might have made a purchase in Stonebridge about 18 months ago and paid $1.2mil for less house. I like Poway also and we looked extensively but even an older home with a more cramped floor plan does indeed exceed my goal of $750-$850K. I will have to review the Sunrise power link to see if it is plotted. I would guess they might put it near the existing power lines (which are 180 degrees away from my view.

Given that my wife of 27 years promises divorce if I ever decide to leave California again, I think this will be the home for life or at least until we need to go into assisted care which I hope is many moons away (just hit 50 last year). I also expect to maintain my career for 15+ years and this area is about as good as any and better than most.
We REALLY like the house and this is after visiting probably 50 properties and developments in the last 2 years. We have lived in the past at the end of a much more demanding road than Stonebridge. I am an early bird anyway so commute traffic does not usually come into play. I lived with a friend in Sanctuary for a couple of months early this year which gives me confidence that I know the pros and cons of the area. My wife likes shopping at either Scripps or Poway and both are easy. For people that maybe are used to living 5 minutes off the freeway they probably view Stonebridge as a big challenge. For 20+ years I commuted at least daily (sometimes 2x) over the mountain from Santa Cruz to Santa Clara so I have a different reference point. I like to get home and be home and enjoy the peace and quiet. I love the walking and biking in the area.

So at $195/sq. ft before the 6% credit (about $183 after) for 4164 sq ft and with almost 1,000 sq. ft of garage I feel pretty comfortable that I am not going to get a significantly better deal. Maybe with a short sale I might get a comparable home with more upgrades but then it would be impossible to time it with my lease expiration of next May. Plus my wife is not big on getting her hopes up and then having to pass which is required to play in the short sale world. I don’t see these houses dropping much more and assuming a good fixed rate then I think it is about time to lock in a deal. Given that I took a HUGE loss on a prior home out of state, if this one goes down $50-$100K over the next 2 years but rallies back in 5-10 I won’t feel too badly. I might not be popular in the neighborhood as this same floor plan with Warmington I think sold for well over $1Mil not that long ago!

[Anonymous]

Thanks SD Realtor. I have been following both the market and this blog for about 2 years and had I not I might have made a purchase in Stonebridge about 18 months ago and paid $1.2mil for less house. I like Poway also and we looked extensively but even an older home with a more cramped floor plan does indeed exceed my goal of $750-$850K. I will have to review the Sunrise power link to see if it is plotted. I would guess they might put it near the existing power lines (which are 180 degrees away from my view.

Given that my wife of 27 years promises divorce if I ever decide to leave California again, I think this will be the home for life or at least until we need to go into assisted care which I hope is many moons away (just hit 50 last year). I also expect to maintain my career for 15+ years and this area is about as good as any and better than most.
We REALLY like the house and this is after visiting probably 50 properties and developments in the last 2 years. We have lived in the past at the end of a much more demanding road than Stonebridge. I am an early bird anyway so commute traffic does not usually come into play. I lived with a friend in Sanctuary for a couple of months early this year which gives me confidence that I know the pros and cons of the area. My wife likes shopping at either Scripps or Poway and both are easy. For people that maybe are used to living 5 minutes off the freeway they probably view Stonebridge as a big challenge. For 20+ years I commuted at least daily (sometimes 2x) over the mountain from Santa Cruz to Santa Clara so I have a different reference point. I like to get home and be home and enjoy the peace and quiet. I love the walking and biking in the area.

So at $195/sq. ft before the 6% credit (about $183 after) for 4164 sq ft and with almost 1,000 sq. ft of garage I feel pretty comfortable that I am not going to get a significantly better deal. Maybe with a short sale I might get a comparable home with more upgrades but then it would be impossible to time it with my lease expiration of next May. Plus my wife is not big on getting her hopes up and then having to pass which is required to play in the short sale world. I don’t see these houses dropping much more and assuming a good fixed rate then I think it is about time to lock in a deal. Given that I took a HUGE loss on a prior home out of state, if this one goes down $50-$100K over the next 2 years but rallies back in 5-10 I won’t feel too badly. I might not be popular in the neighborhood as this same floor plan with Warmington I think sold for well over $1Mil not that long ago!

[Anonymous]

Thanks SD Realtor. I have been following both the market and this blog for about 2 years and had I not I might have made a purchase in Stonebridge about 18 months ago and paid $1.2mil for less house. I like Poway also and we looked extensively but even an older home with a more cramped floor plan does indeed exceed my goal of $750-$850K. I will have to review the Sunrise power link to see if it is plotted. I would guess they might put it near the existing power lines (which are 180 degrees away from my view.

Given that my wife of 27 years promises divorce if I ever decide to leave California again, I think this will be the home for life or at least until we need to go into assisted care which I hope is many moons away (just hit 50 last year). I also expect to maintain my career for 15+ years and this area is about as good as any and better than most.
We REALLY like the house and this is after visiting probably 50 properties and developments in the last 2 years. We have lived in the past at the end of a much more demanding road than Stonebridge. I am an early bird anyway so commute traffic does not usually come into play. I lived with a friend in Sanctuary for a couple of months early this year which gives me confidence that I know the pros and cons of the area. My wife likes shopping at either Scripps or Poway and both are easy. For people that maybe are used to living 5 minutes off the freeway they probably view Stonebridge as a big challenge. For 20+ years I commuted at least daily (sometimes 2x) over the mountain from Santa Cruz to Santa Clara so I have a different reference point. I like to get home and be home and enjoy the peace and quiet. I love the walking and biking in the area.

So at $195/sq. ft before the 6% credit (about $183 after) for 4164 sq ft and with almost 1,000 sq. ft of garage I feel pretty comfortable that I am not going to get a significantly better deal. Maybe with a short sale I might get a comparable home with more upgrades but then it would be impossible to time it with my lease expiration of next May. Plus my wife is not big on getting her hopes up and then having to pass which is required to play in the short sale world. I don’t see these houses dropping much more and assuming a good fixed rate then I think it is about time to lock in a deal. Given that I took a HUGE loss on a prior home out of state, if this one goes down $50-$100K over the next 2 years but rallies back in 5-10 I won’t feel too badly. I might not be popular in the neighborhood as this same floor plan with Warmington I think sold for well over $1Mil not that long ago!

[Anonymous]

Thanks SD Realtor. I have been following both the market and this blog for about 2 years and had I not I might have made a purchase in Stonebridge about 18 months ago and paid $1.2mil for less house. I like Poway also and we looked extensively but even an older home with a more cramped floor plan does indeed exceed my goal of $750-$850K. I will have to review the Sunrise power link to see if it is plotted. I would guess they might put it near the existing power lines (which are 180 degrees away from my view.

Given that my wife of 27 years promises divorce if I ever decide to leave California again, I think this will be the home for life or at least until we need to go into assisted care which I hope is many moons away (just hit 50 last year). I also expect to maintain my career for 15+ years and this area is about as good as any and better than most.
We REALLY like the house and this is after visiting probably 50 properties and developments in the last 2 years. We have lived in the past at the end of a much more demanding road than Stonebridge. I am an early bird anyway so commute traffic does not usually come into play. I lived with a friend in Sanctuary for a couple of months early this year which gives me confidence that I know the pros and cons of the area. My wife likes shopping at either Scripps or Poway and both are easy. For people that maybe are used to living 5 minutes off the freeway they probably view Stonebridge as a big challenge. For 20+ years I commuted at least daily (sometimes 2x) over the mountain from Santa Cruz to Santa Clara so I have a different reference point. I like to get home and be home and enjoy the peace and quiet. I love the walking and biking in the area.

So at $195/sq. ft before the 6% credit (about $183 after) for 4164 sq ft and with almost 1,000 sq. ft of garage I feel pretty comfortable that I am not going to get a significantly better deal. Maybe with a short sale I might get a comparable home with more upgrades but then it would be impossible to time it with my lease expiration of next May. Plus my wife is not big on getting her hopes up and then having to pass which is required to play in the short sale world. I don’t see these houses dropping much more and assuming a good fixed rate then I think it is about time to lock in a deal. Given that I took a HUGE loss on a prior home out of state, if this one goes down $50-$100K over the next 2 years but rallies back in 5-10 I won’t feel too badly. I might not be popular in the neighborhood as this same floor plan with Warmington I think sold for well over $1Mil not that long ago!

[Author]

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