Upper MId to Lower High End Market in NCC

[sdrealtor]

DZ
Whether or not more high net worth individuals exist in the US, more of them exist in SD than 15 years ago. Alot of these folks arent extravagent spenders and were living in the same 1970’s/1980’s home they bought in the 90’s in NCC. A new class of homes oand communities started getting built in the late 90’s and it appealed to many of them who moved up. There are others who didnt but now see a good opportunity to do so. There is also an influx of these folks into the area that occurs regularly from outside of CA as well as the country. Some are inheriting money. Some are lifelong bachelors who finally settle down. Some hit it big with a business. Some finally get down decades of education, fellowships and residencies finally making partner and hitting it big.

You need to open your eyes to appreciate it. IT IS NOT ONE THING that you can put your finger on it is many things. It is life and there are people out there with more money than you. There always will be just like there will be those with less. Argue as you might the evidence overwhelms your feelings.

[sdrealtor]

CAR
Meadowmist was on the market once before and reduced price by 600K over 120 days. It came back on this year and reduced price about 500K over 120 days and sold. This is not an example of someone stubbornly sticking to a bubble price. It is someone aggressively trying to find the market that tried and failed once before. It is the antithesis of your and not a valid example at all.

The Babilona houses are different school district and a very unique market. You know that. Those homes sell to mostly retirees up there and/or as 2nd homes. Those are outliers relative to the area and great values to boot. On the 2nd one 21% above a 2001 price is a 2003 price. Its also a $2M house and that is different than the homes around $1M+

Calle Tres Vista is not $1M+ market it $2M+ market which is completely different. Its also the Amir Elgindy pennystock fraud perpatrator house with a very sordid past.

As for the house on Caminito Ricardo. Have you been there to see it? Its been in and out of escrow because it is a disaster. It needs a wrecking ball. The bill to fix that house starts around $200K and I dont think that would put a dent into the problems associated with it.

You are picking ugly ducklings and outliers to prove a point and it doesnt work. A house left to rot for the last 10 years like Caminito Ricardo should sell for less as far it is into disrepair. Massively overbuilt homes on Babilonia with horrible floorplans also.

Of course, nice homes priced at 2001 prices will sell quickly. You just havent shown me any valid ones because they sell for more than that.

As for the bet, i’ll take it but hell I buy those Margaritas for you now without a bet because I’m thristy and it will take at least a year IMO for it to go REO.

[sdrealtor]

CAR
Meadowmist was on the market once before and reduced price by 600K over 120 days. It came back on this year and reduced price about 500K over 120 days and sold. This is not an example of someone stubbornly sticking to a bubble price. It is someone aggressively trying to find the market that tried and failed once before. It is the antithesis of your and not a valid example at all.

The Babilona houses are different school district and a very unique market. You know that. Those homes sell to mostly retirees up there and/or as 2nd homes. Those are outliers relative to the area and great values to boot. On the 2nd one 21% above a 2001 price is a 2003 price. Its also a $2M house and that is different than the homes around $1M+

Calle Tres Vista is not $1M+ market it $2M+ market which is completely different. Its also the Amir Elgindy pennystock fraud perpatrator house with a very sordid past.

As for the house on Caminito Ricardo. Have you been there to see it? Its been in and out of escrow because it is a disaster. It needs a wrecking ball. The bill to fix that house starts around $200K and I dont think that would put a dent into the problems associated with it.

You are picking ugly ducklings and outliers to prove a point and it doesnt work. A house left to rot for the last 10 years like Caminito Ricardo should sell for less as far it is into disrepair. Massively overbuilt homes on Babilonia with horrible floorplans also.

Of course, nice homes priced at 2001 prices will sell quickly. You just havent shown me any valid ones because they sell for more than that.

As for the bet, i’ll take it but hell I buy those Margaritas for you now without a bet because I’m thristy and it will take at least a year IMO for it to go REO.

[sdrealtor]

CAR
Meadowmist was on the market once before and reduced price by 600K over 120 days. It came back on this year and reduced price about 500K over 120 days and sold. This is not an example of someone stubbornly sticking to a bubble price. It is someone aggressively trying to find the market that tried and failed once before. It is the antithesis of your and not a valid example at all.

The Babilona houses are different school district and a very unique market. You know that. Those homes sell to mostly retirees up there and/or as 2nd homes. Those are outliers relative to the area and great values to boot. On the 2nd one 21% above a 2001 price is a 2003 price. Its also a $2M house and that is different than the homes around $1M+

Calle Tres Vista is not $1M+ market it $2M+ market which is completely different. Its also the Amir Elgindy pennystock fraud perpatrator house with a very sordid past.

As for the house on Caminito Ricardo. Have you been there to see it? Its been in and out of escrow because it is a disaster. It needs a wrecking ball. The bill to fix that house starts around $200K and I dont think that would put a dent into the problems associated with it.

You are picking ugly ducklings and outliers to prove a point and it doesnt work. A house left to rot for the last 10 years like Caminito Ricardo should sell for less as far it is into disrepair. Massively overbuilt homes on Babilonia with horrible floorplans also.

Of course, nice homes priced at 2001 prices will sell quickly. You just havent shown me any valid ones because they sell for more than that.

As for the bet, i’ll take it but hell I buy those Margaritas for you now without a bet because I’m thristy and it will take at least a year IMO for it to go REO.

[sdrealtor]

CAR
Meadowmist was on the market once before and reduced price by 600K over 120 days. It came back on this year and reduced price about 500K over 120 days and sold. This is not an example of someone stubbornly sticking to a bubble price. It is someone aggressively trying to find the market that tried and failed once before. It is the antithesis of your and not a valid example at all.

The Babilona houses are different school district and a very unique market. You know that. Those homes sell to mostly retirees up there and/or as 2nd homes. Those are outliers relative to the area and great values to boot. On the 2nd one 21% above a 2001 price is a 2003 price. Its also a $2M house and that is different than the homes around $1M+

Calle Tres Vista is not $1M+ market it $2M+ market which is completely different. Its also the Amir Elgindy pennystock fraud perpatrator house with a very sordid past.

As for the house on Caminito Ricardo. Have you been there to see it? Its been in and out of escrow because it is a disaster. It needs a wrecking ball. The bill to fix that house starts around $200K and I dont think that would put a dent into the problems associated with it.

You are picking ugly ducklings and outliers to prove a point and it doesnt work. A house left to rot for the last 10 years like Caminito Ricardo should sell for less as far it is into disrepair. Massively overbuilt homes on Babilonia with horrible floorplans also.

Of course, nice homes priced at 2001 prices will sell quickly. You just havent shown me any valid ones because they sell for more than that.

As for the bet, i’ll take it but hell I buy those Margaritas for you now without a bet because I’m thristy and it will take at least a year IMO for it to go REO.

[sdrealtor]

CAR
Meadowmist was on the market once before and reduced price by 600K over 120 days. It came back on this year and reduced price about 500K over 120 days and sold. This is not an example of someone stubbornly sticking to a bubble price. It is someone aggressively trying to find the market that tried and failed once before. It is the antithesis of your and not a valid example at all.

The Babilona houses are different school district and a very unique market. You know that. Those homes sell to mostly retirees up there and/or as 2nd homes. Those are outliers relative to the area and great values to boot. On the 2nd one 21% above a 2001 price is a 2003 price. Its also a $2M house and that is different than the homes around $1M+

Calle Tres Vista is not $1M+ market it $2M+ market which is completely different. Its also the Amir Elgindy pennystock fraud perpatrator house with a very sordid past.

As for the house on Caminito Ricardo. Have you been there to see it? Its been in and out of escrow because it is a disaster. It needs a wrecking ball. The bill to fix that house starts around $200K and I dont think that would put a dent into the problems associated with it.

You are picking ugly ducklings and outliers to prove a point and it doesnt work. A house left to rot for the last 10 years like Caminito Ricardo should sell for less as far it is into disrepair. Massively overbuilt homes on Babilonia with horrible floorplans also.

Of course, nice homes priced at 2001 prices will sell quickly. You just havent shown me any valid ones because they sell for more than that.

As for the bet, i’ll take it but hell I buy those Margaritas for you now without a bet because I’m thristy and it will take at least a year IMO for it to go REO.

[sdrealtor]

I have seen 4.375 and 4.25% rates on 697K loans. I have seen sales of premium homes in premium neighborhoods in NCC go for close to $200. If you say we are nowhere near $200/sf in a premium area or anything approaching $200/sf is dump you arent looking hard enough.

Here are a few sales around $200/sf for homes at least 3500 sf built in the last 10 years:

La Costa Oaks $200, $212

La Costa Greens $194

Bressi Ranch $185, $187, $182

Carillo Ranch $195, $202, $196, $197, $183

Arroyo Vista $212

Encinitas Ranch $227

[sdrealtor]

I have seen 4.375 and 4.25% rates on 697K loans. I have seen sales of premium homes in premium neighborhoods in NCC go for close to $200. If you say we are nowhere near $200/sf in a premium area or anything approaching $200/sf is dump you arent looking hard enough.

Here are a few sales around $200/sf for homes at least 3500 sf built in the last 10 years:

La Costa Oaks $200, $212

La Costa Greens $194

Bressi Ranch $185, $187, $182

Carillo Ranch $195, $202, $196, $197, $183

Arroyo Vista $212

Encinitas Ranch $227

[sdrealtor]

I have seen 4.375 and 4.25% rates on 697K loans. I have seen sales of premium homes in premium neighborhoods in NCC go for close to $200. If you say we are nowhere near $200/sf in a premium area or anything approaching $200/sf is dump you arent looking hard enough.

Here are a few sales around $200/sf for homes at least 3500 sf built in the last 10 years:

La Costa Oaks $200, $212

La Costa Greens $194

Bressi Ranch $185, $187, $182

Carillo Ranch $195, $202, $196, $197, $183

Arroyo Vista $212

Encinitas Ranch $227

[sdrealtor]

I have seen 4.375 and 4.25% rates on 697K loans. I have seen sales of premium homes in premium neighborhoods in NCC go for close to $200. If you say we are nowhere near $200/sf in a premium area or anything approaching $200/sf is dump you arent looking hard enough.

Here are a few sales around $200/sf for homes at least 3500 sf built in the last 10 years:

La Costa Oaks $200, $212

La Costa Greens $194

Bressi Ranch $185, $187, $182

Carillo Ranch $195, $202, $196, $197, $183

Arroyo Vista $212

Encinitas Ranch $227

[sdrealtor]

I have seen 4.375 and 4.25% rates on 697K loans. I have seen sales of premium homes in premium neighborhoods in NCC go for close to $200. If you say we are nowhere near $200/sf in a premium area or anything approaching $200/sf is dump you arent looking hard enough.

Here are a few sales around $200/sf for homes at least 3500 sf built in the last 10 years:

La Costa Oaks $200, $212

La Costa Greens $194

Bressi Ranch $185, $187, $182

Carillo Ranch $195, $202, $196, $197, $183

Arroyo Vista $212

Encinitas Ranch $227

[Anonymous]

sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.

Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.

[Anonymous]

sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.

Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.

[Anonymous]

sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.

Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.

[Anonymous]

sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.

Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.

[Author]

Posts