Tales of an RSF buyer

[jpinpb]

Somewhat OT – Just wanted to express my thoughts on houses in the Bay Area vs San Diego, not pricing, just architecture.

Setting aside the size of the houses or the lot size, I will just comment on some of the houses in San Francisco specifically. Some of those old Victorians are the most beautiful homes. They don’t make them like that any more. Economically, it would be prohibitive cost-wise. The character and style are uncommon today.

It sounds like people are interested in purchasing very large Tuscany-style houses on large lots, which I don’t deny are truly exceptional. But I personally am partial to the older style homes. Maybe b/c it reminds me more of the East Coast, where I’m from, and you just don’t see too many of them here on the west. Makes me nostalgic.

But having lived in Italy for a few years, it always eye-opening to see the Tuscany-style houses, quite a vision of grandeur.

[raptorduck]

jpinpb. I agree with you on the Victorians. I am not partial to that style, but I can certainly admire that architecture. The ones in SF are very extraordinary, and there are some nice examples in old Palo Alto and the Rose Garden area of San Jose, for example.

[raptorduck]

jpinpb. I agree with you on the Victorians. I am not partial to that style, but I can certainly admire that architecture. The ones in SF are very extraordinary, and there are some nice examples in old Palo Alto and the Rose Garden area of San Jose, for example.

[raptorduck]

jpinpb. I agree with you on the Victorians. I am not partial to that style, but I can certainly admire that architecture. The ones in SF are very extraordinary, and there are some nice examples in old Palo Alto and the Rose Garden area of San Jose, for example.

[raptorduck]

jpinpb. I agree with you on the Victorians. I am not partial to that style, but I can certainly admire that architecture. The ones in SF are very extraordinary, and there are some nice examples in old Palo Alto and the Rose Garden area of San Jose, for example.

[raptorduck]

jpinpb. I agree with you on the Victorians. I am not partial to that style, but I can certainly admire that architecture. The ones in SF are very extraordinary, and there are some nice examples in old Palo Alto and the Rose Garden area of San Jose, for example.

[fencesitter123]

I agree with your excellent assessments of RSF. I have been also watching this area. I am particularly interested in Santaluz but agree that this area is overpriced. I can’t help but think there won’t be a strong downward pressure on price as the “investors” realize they are losing money with each passing month when there is no home appreciation (and certainly with depreciation). The monthly burn rate is pretty high given the MR, HOA and loan carrying costs. The flame burns even brighter if you have even a basic club membership. It is already well documented from this site the NOD’s in some of the lower priced homes in Santaluz. Right now, those prices in Santaluz just dont pass the olfactory test………

[fencesitter123]

I agree with your excellent assessments of RSF. I have been also watching this area. I am particularly interested in Santaluz but agree that this area is overpriced. I can’t help but think there won’t be a strong downward pressure on price as the “investors” realize they are losing money with each passing month when there is no home appreciation (and certainly with depreciation). The monthly burn rate is pretty high given the MR, HOA and loan carrying costs. The flame burns even brighter if you have even a basic club membership. It is already well documented from this site the NOD’s in some of the lower priced homes in Santaluz. Right now, those prices in Santaluz just dont pass the olfactory test………

[fencesitter123]

I agree with your excellent assessments of RSF. I have been also watching this area. I am particularly interested in Santaluz but agree that this area is overpriced. I can’t help but think there won’t be a strong downward pressure on price as the “investors” realize they are losing money with each passing month when there is no home appreciation (and certainly with depreciation). The monthly burn rate is pretty high given the MR, HOA and loan carrying costs. The flame burns even brighter if you have even a basic club membership. It is already well documented from this site the NOD’s in some of the lower priced homes in Santaluz. Right now, those prices in Santaluz just dont pass the olfactory test………

[fencesitter123]

I agree with your excellent assessments of RSF. I have been also watching this area. I am particularly interested in Santaluz but agree that this area is overpriced. I can’t help but think there won’t be a strong downward pressure on price as the “investors” realize they are losing money with each passing month when there is no home appreciation (and certainly with depreciation). The monthly burn rate is pretty high given the MR, HOA and loan carrying costs. The flame burns even brighter if you have even a basic club membership. It is already well documented from this site the NOD’s in some of the lower priced homes in Santaluz. Right now, those prices in Santaluz just dont pass the olfactory test………

[fencesitter123]

I agree with your excellent assessments of RSF. I have been also watching this area. I am particularly interested in Santaluz but agree that this area is overpriced. I can’t help but think there won’t be a strong downward pressure on price as the “investors” realize they are losing money with each passing month when there is no home appreciation (and certainly with depreciation). The monthly burn rate is pretty high given the MR, HOA and loan carrying costs. The flame burns even brighter if you have even a basic club membership. It is already well documented from this site the NOD’s in some of the lower priced homes in Santaluz. Right now, those prices in Santaluz just dont pass the olfactory test………

[raptorduck]

For us, Santaluz is the same analysis as any other new development. No costs to upgrade the home as it is already brand new. In Fairbanks Ranch and some other areas, we are buying homes that require complete interior updating. Maybe not knocking down walls, but kitchen/bathroom remodels, new floors, finishes etc.

So while you have to pay Mello Roos, you don’t have to pay for improvements. Tough call.

[raptorduck]

For us, Santaluz is the same analysis as any other new development. No costs to upgrade the home as it is already brand new. In Fairbanks Ranch and some other areas, we are buying homes that require complete interior updating. Maybe not knocking down walls, but kitchen/bathroom remodels, new floors, finishes etc.

So while you have to pay Mello Roos, you don’t have to pay for improvements. Tough call.

[raptorduck]

For us, Santaluz is the same analysis as any other new development. No costs to upgrade the home as it is already brand new. In Fairbanks Ranch and some other areas, we are buying homes that require complete interior updating. Maybe not knocking down walls, but kitchen/bathroom remodels, new floors, finishes etc.

So while you have to pay Mello Roos, you don’t have to pay for improvements. Tough call.

[raptorduck]

For us, Santaluz is the same analysis as any other new development. No costs to upgrade the home as it is already brand new. In Fairbanks Ranch and some other areas, we are buying homes that require complete interior updating. Maybe not knocking down walls, but kitchen/bathroom remodels, new floors, finishes etc.

So while you have to pay Mello Roos, you don’t have to pay for improvements. Tough call.

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