Upper MId to Lower High End Market in NCC

[sdrealtor]

BLah blah blah. There is alot different and the area has been hammered already. The problem is it hasnt been hammerred enough to fit what YOU need to happen to get what YOU need so you deny it.

In the Mid 90’s Encinitas and South Carlsbad barely existed in the eyes of upper middle class folks in SD County. Back then Encinitas was basically Mayberry RFD. There were working class neighborhoods and high end ranch properties in Olivenhain with no much in between. Over the last 15 years SO Carlsbad has become a world class city and people now about it. No one knew what Carlsbad was outside of SoCal people before that. Now there are great public golf courses, good restaurants, beautiful masterplanned communities, major employers (Golf, action sports, biotech) based in this area, Legoland, thousands of new homes, vastly improved schools and yes we still have great weather and beaches. One of those beaches has someone who goes by deadzone sitting around with his head in the sand.

Wake up!! The hammering is over, there are likely some more declines ahead but the only hammering will be on nails for the new homes being built.

[Anonymous]

From what I can see on sdlookup, prime coastal properties are still selling at around 2004 prices, which are still inflated bubble prices. No, they have barely corrected.

And I have travelled all over the U.S and world, nobody outside of SD area has ever heard of Carlsbad.

Time will tell.

[Anonymous]

From what I can see on sdlookup, prime coastal properties are still selling at around 2004 prices, which are still inflated bubble prices. No, they have barely corrected.

And I have travelled all over the U.S and world, nobody outside of SD area has ever heard of Carlsbad.

Time will tell.

[Anonymous]

From what I can see on sdlookup, prime coastal properties are still selling at around 2004 prices, which are still inflated bubble prices. No, they have barely corrected.

And I have travelled all over the U.S and world, nobody outside of SD area has ever heard of Carlsbad.

Time will tell.

[Anonymous]

From what I can see on sdlookup, prime coastal properties are still selling at around 2004 prices, which are still inflated bubble prices. No, they have barely corrected.

And I have travelled all over the U.S and world, nobody outside of SD area has ever heard of Carlsbad.

Time will tell.

[Anonymous]

From what I can see on sdlookup, prime coastal properties are still selling at around 2004 prices, which are still inflated bubble prices. No, they have barely corrected.

And I have travelled all over the U.S and world, nobody outside of SD area has ever heard of Carlsbad.

Time will tell.

[joec]

[quote=deadzone]Not saying high net worth individuals don’t exist, but I don’t belive there are so many more now than there were 15 years ago relative to the general population.

Also, most people in their 40s with net worth already has bought a home long before now. Where is this huge market of new 1M home buyers coming from? Still not buying it..

Not denying these buyers exist right now, but very skeptical of the long run sustainability.

Also, I would argue that the number of people with “millions in the bank” is very small % of the population. Even for most “successful professionals” their assets are either in real estate or 401K/IRA. Neither of these are particularly liquid right now.[/quote]

I just don’t understand why it’s so hard to believe that other folks have plenty of money. I know we’re all a product of our experiences, but just seeing 20 bids on some 1 mil place should be proof enough that plenty of folks are willing, able and can easily afford some prime real estate.

Worldwide, I think there are actually more millionaires now than the past 2 years with the stock market recovering from the 7k lows. Also, compared to 15 years ago, a LOT and LOT of people made a ton of money from the dot com boom. Not EVERYONE lost money.

Also, businesses have simply not been hiring as much and business owners, professionals and just folks who have done well the past 20 years who are now in their 40s-50s are doing quite well really.

I’m just surprised that saying it isn’t happening or not believing it doesn’t mean is not true. If the homes are really being bought up in these areas as stated in the example, then obviously, someone is buying them.

As sdrealtor said, it’s not just the person who even has to work to afford these homes. I also think it’s accurate that 15 years ago, San Diego sounded like it was a difference place than now.

Also, a million for any out of town person is SO cheap if they came from the bay area (SF or Silicon Valley) or LA and there seems to be quite a few bay area transplants here (me included).

Pretty much all my friends live in 1 mil+ places now with no ocean view in LA and the bay area. It’s actually CHEAP and a no brainer if they have work and can afford the payments to find a nice place they like by the coast.

I think there are plenty of folks like this and believe that there are certainly more than 15 years ago, while real estate wise, not much building at all.

These areas are built out already so I assume the current owners weren’t the folks who were doing the 0% down, ninja loans, etc. so if they don’t have to sell, they simply don’t…My parents are an example of that already.

It’s hard to believe, but yes, many people have much more money than you (and me too!)

[joec]

[quote=deadzone]Not saying high net worth individuals don’t exist, but I don’t belive there are so many more now than there were 15 years ago relative to the general population.

Also, most people in their 40s with net worth already has bought a home long before now. Where is this huge market of new 1M home buyers coming from? Still not buying it..

Not denying these buyers exist right now, but very skeptical of the long run sustainability.

Also, I would argue that the number of people with “millions in the bank” is very small % of the population. Even for most “successful professionals” their assets are either in real estate or 401K/IRA. Neither of these are particularly liquid right now.[/quote]

I just don’t understand why it’s so hard to believe that other folks have plenty of money. I know we’re all a product of our experiences, but just seeing 20 bids on some 1 mil place should be proof enough that plenty of folks are willing, able and can easily afford some prime real estate.

Worldwide, I think there are actually more millionaires now than the past 2 years with the stock market recovering from the 7k lows. Also, compared to 15 years ago, a LOT and LOT of people made a ton of money from the dot com boom. Not EVERYONE lost money.

Also, businesses have simply not been hiring as much and business owners, professionals and just folks who have done well the past 20 years who are now in their 40s-50s are doing quite well really.

I’m just surprised that saying it isn’t happening or not believing it doesn’t mean is not true. If the homes are really being bought up in these areas as stated in the example, then obviously, someone is buying them.

As sdrealtor said, it’s not just the person who even has to work to afford these homes. I also think it’s accurate that 15 years ago, San Diego sounded like it was a difference place than now.

Also, a million for any out of town person is SO cheap if they came from the bay area (SF or Silicon Valley) or LA and there seems to be quite a few bay area transplants here (me included).

Pretty much all my friends live in 1 mil+ places now with no ocean view in LA and the bay area. It’s actually CHEAP and a no brainer if they have work and can afford the payments to find a nice place they like by the coast.

I think there are plenty of folks like this and believe that there are certainly more than 15 years ago, while real estate wise, not much building at all.

These areas are built out already so I assume the current owners weren’t the folks who were doing the 0% down, ninja loans, etc. so if they don’t have to sell, they simply don’t…My parents are an example of that already.

It’s hard to believe, but yes, many people have much more money than you (and me too!)

[joec]

[quote=deadzone]Not saying high net worth individuals don’t exist, but I don’t belive there are so many more now than there were 15 years ago relative to the general population.

Also, most people in their 40s with net worth already has bought a home long before now. Where is this huge market of new 1M home buyers coming from? Still not buying it..

Not denying these buyers exist right now, but very skeptical of the long run sustainability.

Also, I would argue that the number of people with “millions in the bank” is very small % of the population. Even for most “successful professionals” their assets are either in real estate or 401K/IRA. Neither of these are particularly liquid right now.[/quote]

I just don’t understand why it’s so hard to believe that other folks have plenty of money. I know we’re all a product of our experiences, but just seeing 20 bids on some 1 mil place should be proof enough that plenty of folks are willing, able and can easily afford some prime real estate.

Worldwide, I think there are actually more millionaires now than the past 2 years with the stock market recovering from the 7k lows. Also, compared to 15 years ago, a LOT and LOT of people made a ton of money from the dot com boom. Not EVERYONE lost money.

Also, businesses have simply not been hiring as much and business owners, professionals and just folks who have done well the past 20 years who are now in their 40s-50s are doing quite well really.

I’m just surprised that saying it isn’t happening or not believing it doesn’t mean is not true. If the homes are really being bought up in these areas as stated in the example, then obviously, someone is buying them.

As sdrealtor said, it’s not just the person who even has to work to afford these homes. I also think it’s accurate that 15 years ago, San Diego sounded like it was a difference place than now.

Also, a million for any out of town person is SO cheap if they came from the bay area (SF or Silicon Valley) or LA and there seems to be quite a few bay area transplants here (me included).

Pretty much all my friends live in 1 mil+ places now with no ocean view in LA and the bay area. It’s actually CHEAP and a no brainer if they have work and can afford the payments to find a nice place they like by the coast.

I think there are plenty of folks like this and believe that there are certainly more than 15 years ago, while real estate wise, not much building at all.

These areas are built out already so I assume the current owners weren’t the folks who were doing the 0% down, ninja loans, etc. so if they don’t have to sell, they simply don’t…My parents are an example of that already.

It’s hard to believe, but yes, many people have much more money than you (and me too!)

[joec]

[quote=deadzone]Not saying high net worth individuals don’t exist, but I don’t belive there are so many more now than there were 15 years ago relative to the general population.

Also, most people in their 40s with net worth already has bought a home long before now. Where is this huge market of new 1M home buyers coming from? Still not buying it..

Not denying these buyers exist right now, but very skeptical of the long run sustainability.

Also, I would argue that the number of people with “millions in the bank” is very small % of the population. Even for most “successful professionals” their assets are either in real estate or 401K/IRA. Neither of these are particularly liquid right now.[/quote]

I just don’t understand why it’s so hard to believe that other folks have plenty of money. I know we’re all a product of our experiences, but just seeing 20 bids on some 1 mil place should be proof enough that plenty of folks are willing, able and can easily afford some prime real estate.

Worldwide, I think there are actually more millionaires now than the past 2 years with the stock market recovering from the 7k lows. Also, compared to 15 years ago, a LOT and LOT of people made a ton of money from the dot com boom. Not EVERYONE lost money.

Also, businesses have simply not been hiring as much and business owners, professionals and just folks who have done well the past 20 years who are now in their 40s-50s are doing quite well really.

I’m just surprised that saying it isn’t happening or not believing it doesn’t mean is not true. If the homes are really being bought up in these areas as stated in the example, then obviously, someone is buying them.

As sdrealtor said, it’s not just the person who even has to work to afford these homes. I also think it’s accurate that 15 years ago, San Diego sounded like it was a difference place than now.

Also, a million for any out of town person is SO cheap if they came from the bay area (SF or Silicon Valley) or LA and there seems to be quite a few bay area transplants here (me included).

Pretty much all my friends live in 1 mil+ places now with no ocean view in LA and the bay area. It’s actually CHEAP and a no brainer if they have work and can afford the payments to find a nice place they like by the coast.

I think there are plenty of folks like this and believe that there are certainly more than 15 years ago, while real estate wise, not much building at all.

These areas are built out already so I assume the current owners weren’t the folks who were doing the 0% down, ninja loans, etc. so if they don’t have to sell, they simply don’t…My parents are an example of that already.

It’s hard to believe, but yes, many people have much more money than you (and me too!)

[joec]

[quote=deadzone]Not saying high net worth individuals don’t exist, but I don’t belive there are so many more now than there were 15 years ago relative to the general population.

Also, most people in their 40s with net worth already has bought a home long before now. Where is this huge market of new 1M home buyers coming from? Still not buying it..

Not denying these buyers exist right now, but very skeptical of the long run sustainability.

Also, I would argue that the number of people with “millions in the bank” is very small % of the population. Even for most “successful professionals” their assets are either in real estate or 401K/IRA. Neither of these are particularly liquid right now.[/quote]

I just don’t understand why it’s so hard to believe that other folks have plenty of money. I know we’re all a product of our experiences, but just seeing 20 bids on some 1 mil place should be proof enough that plenty of folks are willing, able and can easily afford some prime real estate.

Worldwide, I think there are actually more millionaires now than the past 2 years with the stock market recovering from the 7k lows. Also, compared to 15 years ago, a LOT and LOT of people made a ton of money from the dot com boom. Not EVERYONE lost money.

Also, businesses have simply not been hiring as much and business owners, professionals and just folks who have done well the past 20 years who are now in their 40s-50s are doing quite well really.

I’m just surprised that saying it isn’t happening or not believing it doesn’t mean is not true. If the homes are really being bought up in these areas as stated in the example, then obviously, someone is buying them.

As sdrealtor said, it’s not just the person who even has to work to afford these homes. I also think it’s accurate that 15 years ago, San Diego sounded like it was a difference place than now.

Also, a million for any out of town person is SO cheap if they came from the bay area (SF or Silicon Valley) or LA and there seems to be quite a few bay area transplants here (me included).

Pretty much all my friends live in 1 mil+ places now with no ocean view in LA and the bay area. It’s actually CHEAP and a no brainer if they have work and can afford the payments to find a nice place they like by the coast.

I think there are plenty of folks like this and believe that there are certainly more than 15 years ago, while real estate wise, not much building at all.

These areas are built out already so I assume the current owners weren’t the folks who were doing the 0% down, ninja loans, etc. so if they don’t have to sell, they simply don’t…My parents are an example of that already.

It’s hard to believe, but yes, many people have much more money than you (and me too!)

[sdrealtor]

DZ
You are flat wrong! My house is at least 170K below its 2004 value. Not that it matters to me but that is reality not the nonsense you think you see on sdlookup.

I guess no one has heard of Legoland or Shaun White/Tony Hawk or read the article in Money Magazine about 10 years ago naming it the top place in the country or Callaway or Taylor Made. More blah blah blah, its all about YOU! Lots of people have heard about Carlsbad just not the people sitting next to you with their heads in the sand.

[sdrealtor]

DZ
You are flat wrong! My house is at least 170K below its 2004 value. Not that it matters to me but that is reality not the nonsense you think you see on sdlookup.

I guess no one has heard of Legoland or Shaun White/Tony Hawk or read the article in Money Magazine about 10 years ago naming it the top place in the country or Callaway or Taylor Made. More blah blah blah, its all about YOU! Lots of people have heard about Carlsbad just not the people sitting next to you with their heads in the sand.

[sdrealtor]

DZ
You are flat wrong! My house is at least 170K below its 2004 value. Not that it matters to me but that is reality not the nonsense you think you see on sdlookup.

I guess no one has heard of Legoland or Shaun White/Tony Hawk or read the article in Money Magazine about 10 years ago naming it the top place in the country or Callaway or Taylor Made. More blah blah blah, its all about YOU! Lots of people have heard about Carlsbad just not the people sitting next to you with their heads in the sand.

[sdrealtor]

DZ
You are flat wrong! My house is at least 170K below its 2004 value. Not that it matters to me but that is reality not the nonsense you think you see on sdlookup.

I guess no one has heard of Legoland or Shaun White/Tony Hawk or read the article in Money Magazine about 10 years ago naming it the top place in the country or Callaway or Taylor Made. More blah blah blah, its all about YOU! Lots of people have heard about Carlsbad just not the people sitting next to you with their heads in the sand.

[Author]

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