This news is good for those who haven’t bought, yet.

[ocrenter]

[quote=carlsbadworker]A. I hope 2011 will at least not bring bad news to those who haven’t bought. I felt hoping for good news is really asking too much at the moment.

B. Although I hate cash as well, I think as an asset class, it is hated so much now that the a contrarian investor should love it at the moment. That’s why Seth Klarman has a stockpile of cash at the moment.

C. The Chinese inflation analogy is mis-applied. If every government wants to help 10% of the people to screw 90% of the remaining population. Keep in mind that in China, 90% of the people save, therefore inflation screw 90% of the people. Whereas here in US, inflation would help the majority of the people who are deep in debt. Only deflation will screw 90% of the US population.[/quote]

uh… did you forget wages are always behind inflation. and in our scenario, we will likely see stagnate wages with the inflation. so 90% of the people will be hurt in the US.

[sdrealtor]

just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.

[sdrealtor]

just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.

[sdrealtor]

just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.

[sdrealtor]

just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.

[sdrealtor]

just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.

[NotCranky]

Well the hypothetical 350k was aimed at a goal of scarlett’s family being able to pay the mortgage with one income Which she agreed would be a good goal. I don’t think it is unrealistic and at the it could be too much for that house.I didn’t really put that much thought into it. It can be done. However, if you are going to lose your house because of 150k then that has a significance well beyond the appearance of the deal. Reminds me of what bugs used to say; “It’s not what you can buy, it’s what you can keep”.

[NotCranky]

Well the hypothetical 350k was aimed at a goal of scarlett’s family being able to pay the mortgage with one income Which she agreed would be a good goal. I don’t think it is unrealistic and at the it could be too much for that house.I didn’t really put that much thought into it. It can be done. However, if you are going to lose your house because of 150k then that has a significance well beyond the appearance of the deal. Reminds me of what bugs used to say; “It’s not what you can buy, it’s what you can keep”.

[NotCranky]

Well the hypothetical 350k was aimed at a goal of scarlett’s family being able to pay the mortgage with one income Which she agreed would be a good goal. I don’t think it is unrealistic and at the it could be too much for that house.I didn’t really put that much thought into it. It can be done. However, if you are going to lose your house because of 150k then that has a significance well beyond the appearance of the deal. Reminds me of what bugs used to say; “It’s not what you can buy, it’s what you can keep”.

[NotCranky]

Well the hypothetical 350k was aimed at a goal of scarlett’s family being able to pay the mortgage with one income Which she agreed would be a good goal. I don’t think it is unrealistic and at the it could be too much for that house.I didn’t really put that much thought into it. It can be done. However, if you are going to lose your house because of 150k then that has a significance well beyond the appearance of the deal. Reminds me of what bugs used to say; “It’s not what you can buy, it’s what you can keep”.

[NotCranky]

Well the hypothetical 350k was aimed at a goal of scarlett’s family being able to pay the mortgage with one income Which she agreed would be a good goal. I don’t think it is unrealistic and at the it could be too much for that house.I didn’t really put that much thought into it. It can be done. However, if you are going to lose your house because of 150k then that has a significance well beyond the appearance of the deal. Reminds me of what bugs used to say; “It’s not what you can buy, it’s what you can keep”.

[bearishgurl]

[quote=sdrealtor]just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.[/quote]

Happy new year, sdr!

Yes, being completely off the grid, especially, is a great benefit. And having the canyon-facing backyard, another coup. The sellers must have either had carrying-cost problems due to taking out a 2nd/HELOC for all those improvements or just decided life was short and they wanted to relocate. Sh!t happens. Perhaps you can enlighten us?

Of course your sold listing was worth $100K more . . . no one’s arguing that. But the fact remains that it was located in San Carlos and Scarlett/Rhett work in LJ/UCSD. For them, their lives as homeowners would be infinitely easier to if they could score a decent home in UC (even with an SDGE bill). But if Scarlett could work PT and/or stay home with children, and only Rhett commuted to UCSD while the children are young, then having a $300K mortgage might be worth commuting to/from San Carlos. A $300K mortgage is not doable for these particular buyers for a $499K purchase. So if they’ve both got to do the daily grind, their future home may as well be as close and stress-free as possible.

Scarlett, do I have this analogy correct?

Here are the school comparisons for the 2010 API:

San Carlos

Gage Elem. 812
Daillard Elem. 916
Green Elem. 917
Pershing Middle 834
Henry High 780

University City

Spreckels Elem. 856
Curie Elem. 950
Standley Middle 859
UC High 795

Except for Curie Elem, I don’t see an appreciable difference in the performance of students at these schools.

Benchley-Wienberger Elem (API 910) serves the “Cowles Mtn” community, which consists of larger houses on larger lots, generally. For Lewis Middle (API 879), we need to know if a residence in Allied Gardens could get a student into it as Del Cerro and Princess Del Cerro are out of Scarlett’s price range. At first blush, I think … yes.

Living in Allied Gardens is not as “glamorous” as living in San Carlos but it is VERY family-oriented and also CLOSER to UCSD.

DC/Allied Gardens elem schools ALSO feed into Henry High.

I may have spoke to soon as I haven’t checked the recent sold comps in Princess Del Cerro (all tract). Perhaps some are now in the $500K range. Don’t know about the size, though, that may have sold in the lower price range.

[bearishgurl]

[quote=sdrealtor]just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.[/quote]

Happy new year, sdr!

Yes, being completely off the grid, especially, is a great benefit. And having the canyon-facing backyard, another coup. The sellers must have either had carrying-cost problems due to taking out a 2nd/HELOC for all those improvements or just decided life was short and they wanted to relocate. Sh!t happens. Perhaps you can enlighten us?

Of course your sold listing was worth $100K more . . . no one’s arguing that. But the fact remains that it was located in San Carlos and Scarlett/Rhett work in LJ/UCSD. For them, their lives as homeowners would be infinitely easier to if they could score a decent home in UC (even with an SDGE bill). But if Scarlett could work PT and/or stay home with children, and only Rhett commuted to UCSD while the children are young, then having a $300K mortgage might be worth commuting to/from San Carlos. A $300K mortgage is not doable for these particular buyers for a $499K purchase. So if they’ve both got to do the daily grind, their future home may as well be as close and stress-free as possible.

Scarlett, do I have this analogy correct?

Here are the school comparisons for the 2010 API:

San Carlos

Gage Elem. 812
Daillard Elem. 916
Green Elem. 917
Pershing Middle 834
Henry High 780

University City

Spreckels Elem. 856
Curie Elem. 950
Standley Middle 859
UC High 795

Except for Curie Elem, I don’t see an appreciable difference in the performance of students at these schools.

Benchley-Wienberger Elem (API 910) serves the “Cowles Mtn” community, which consists of larger houses on larger lots, generally. For Lewis Middle (API 879), we need to know if a residence in Allied Gardens could get a student into it as Del Cerro and Princess Del Cerro are out of Scarlett’s price range. At first blush, I think … yes.

Living in Allied Gardens is not as “glamorous” as living in San Carlos but it is VERY family-oriented and also CLOSER to UCSD.

DC/Allied Gardens elem schools ALSO feed into Henry High.

I may have spoke to soon as I haven’t checked the recent sold comps in Princess Del Cerro (all tract). Perhaps some are now in the $500K range. Don’t know about the size, though, that may have sold in the lower price range.

[bearishgurl]

[quote=sdrealtor]just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.[/quote]

Happy new year, sdr!

Yes, being completely off the grid, especially, is a great benefit. And having the canyon-facing backyard, another coup. The sellers must have either had carrying-cost problems due to taking out a 2nd/HELOC for all those improvements or just decided life was short and they wanted to relocate. Sh!t happens. Perhaps you can enlighten us?

Of course your sold listing was worth $100K more . . . no one’s arguing that. But the fact remains that it was located in San Carlos and Scarlett/Rhett work in LJ/UCSD. For them, their lives as homeowners would be infinitely easier to if they could score a decent home in UC (even with an SDGE bill). But if Scarlett could work PT and/or stay home with children, and only Rhett commuted to UCSD while the children are young, then having a $300K mortgage might be worth commuting to/from San Carlos. A $300K mortgage is not doable for these particular buyers for a $499K purchase. So if they’ve both got to do the daily grind, their future home may as well be as close and stress-free as possible.

Scarlett, do I have this analogy correct?

Here are the school comparisons for the 2010 API:

San Carlos

Gage Elem. 812
Daillard Elem. 916
Green Elem. 917
Pershing Middle 834
Henry High 780

University City

Spreckels Elem. 856
Curie Elem. 950
Standley Middle 859
UC High 795

Except for Curie Elem, I don’t see an appreciable difference in the performance of students at these schools.

Benchley-Wienberger Elem (API 910) serves the “Cowles Mtn” community, which consists of larger houses on larger lots, generally. For Lewis Middle (API 879), we need to know if a residence in Allied Gardens could get a student into it as Del Cerro and Princess Del Cerro are out of Scarlett’s price range. At first blush, I think … yes.

Living in Allied Gardens is not as “glamorous” as living in San Carlos but it is VERY family-oriented and also CLOSER to UCSD.

DC/Allied Gardens elem schools ALSO feed into Henry High.

I may have spoke to soon as I haven’t checked the recent sold comps in Princess Del Cerro (all tract). Perhaps some are now in the $500K range. Don’t know about the size, though, that may have sold in the lower price range.

[bearishgurl]

[quote=sdrealtor]just having fun Russ. The house you mentioned was 400K and you were spectualting 350 but its still a 400K house for now. The one I listed/sold was bigger and better in every way. Defintely worth 100K+ more than that fixer.[/quote]

Happy new year, sdr!

Yes, being completely off the grid, especially, is a great benefit. And having the canyon-facing backyard, another coup. The sellers must have either had carrying-cost problems due to taking out a 2nd/HELOC for all those improvements or just decided life was short and they wanted to relocate. Sh!t happens. Perhaps you can enlighten us?

Of course your sold listing was worth $100K more . . . no one’s arguing that. But the fact remains that it was located in San Carlos and Scarlett/Rhett work in LJ/UCSD. For them, their lives as homeowners would be infinitely easier to if they could score a decent home in UC (even with an SDGE bill). But if Scarlett could work PT and/or stay home with children, and only Rhett commuted to UCSD while the children are young, then having a $300K mortgage might be worth commuting to/from San Carlos. A $300K mortgage is not doable for these particular buyers for a $499K purchase. So if they’ve both got to do the daily grind, their future home may as well be as close and stress-free as possible.

Scarlett, do I have this analogy correct?

Here are the school comparisons for the 2010 API:

San Carlos

Gage Elem. 812
Daillard Elem. 916
Green Elem. 917
Pershing Middle 834
Henry High 780

University City

Spreckels Elem. 856
Curie Elem. 950
Standley Middle 859
UC High 795

Except for Curie Elem, I don’t see an appreciable difference in the performance of students at these schools.

Benchley-Wienberger Elem (API 910) serves the “Cowles Mtn” community, which consists of larger houses on larger lots, generally. For Lewis Middle (API 879), we need to know if a residence in Allied Gardens could get a student into it as Del Cerro and Princess Del Cerro are out of Scarlett’s price range. At first blush, I think … yes.

Living in Allied Gardens is not as “glamorous” as living in San Carlos but it is VERY family-oriented and also CLOSER to UCSD.

DC/Allied Gardens elem schools ALSO feed into Henry High.

I may have spoke to soon as I haven’t checked the recent sold comps in Princess Del Cerro (all tract). Perhaps some are now in the $500K range. Don’t know about the size, though, that may have sold in the lower price range.

[Author]

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