Waiting for Del Mar to fall

[patientlywaiting]

During the last downturn, people would could afford it held to their investments. But that does come in the form of opportunity costs.

Why not rent if you can’t afford to buy in Del Mar?

Plenty of people come for the racing season and do just that.

For 1/2 the cost of ownership, you can rent and enjoy the neighborhood just as much.

[capeman]

I’m waiting for that area too but I plan on having to wait at least a couple of years. It’ll come down significantly as everything does in a deflationary scenario. Problem is will financing be easy to come by?

[capeman]

I’m waiting for that area too but I plan on having to wait at least a couple of years. It’ll come down significantly as everything does in a deflationary scenario. Problem is will financing be easy to come by?

[capeman]

I’m waiting for that area too but I plan on having to wait at least a couple of years. It’ll come down significantly as everything does in a deflationary scenario. Problem is will financing be easy to come by?

[capeman]

I’m waiting for that area too but I plan on having to wait at least a couple of years. It’ll come down significantly as everything does in a deflationary scenario. Problem is will financing be easy to come by?

[capeman]

I’m waiting for that area too but I plan on having to wait at least a couple of years. It’ll come down significantly as everything does in a deflationary scenario. Problem is will financing be easy to come by?

[raptorduck]

West of the 5, don’t count on it, particularly west of Camino Del Mar. I used to rent west of Camino Del Mar and the demand for those little houses on tiny lots was amazing and I expect will remain so. I had an opportnity to buy the 1,800+ 3 story house with a patio for a yard I lived in for around $1M in 1999 and passed it up. By 2005, it was worth several times that. I do think it has lost some value, but is still worth more than twice that 1999 price I would expect. Zillow says it is worth $2.6M now, but who knows what it is really worth.

Parts of Del Mar east of the 5 are in fact comming down in price quite a bit, just like other areas, particularly north of Via De La Valle, where prices have dropped more than other areas, certainly more than CV. I looked at a house last June that is now listing for $900k less.

[raptorduck]

West of the 5, don’t count on it, particularly west of Camino Del Mar. I used to rent west of Camino Del Mar and the demand for those little houses on tiny lots was amazing and I expect will remain so. I had an opportnity to buy the 1,800+ 3 story house with a patio for a yard I lived in for around $1M in 1999 and passed it up. By 2005, it was worth several times that. I do think it has lost some value, but is still worth more than twice that 1999 price I would expect. Zillow says it is worth $2.6M now, but who knows what it is really worth.

Parts of Del Mar east of the 5 are in fact comming down in price quite a bit, just like other areas, particularly north of Via De La Valle, where prices have dropped more than other areas, certainly more than CV. I looked at a house last June that is now listing for $900k less.

[raptorduck]

West of the 5, don’t count on it, particularly west of Camino Del Mar. I used to rent west of Camino Del Mar and the demand for those little houses on tiny lots was amazing and I expect will remain so. I had an opportnity to buy the 1,800+ 3 story house with a patio for a yard I lived in for around $1M in 1999 and passed it up. By 2005, it was worth several times that. I do think it has lost some value, but is still worth more than twice that 1999 price I would expect. Zillow says it is worth $2.6M now, but who knows what it is really worth.

Parts of Del Mar east of the 5 are in fact comming down in price quite a bit, just like other areas, particularly north of Via De La Valle, where prices have dropped more than other areas, certainly more than CV. I looked at a house last June that is now listing for $900k less.

[raptorduck]

West of the 5, don’t count on it, particularly west of Camino Del Mar. I used to rent west of Camino Del Mar and the demand for those little houses on tiny lots was amazing and I expect will remain so. I had an opportnity to buy the 1,800+ 3 story house with a patio for a yard I lived in for around $1M in 1999 and passed it up. By 2005, it was worth several times that. I do think it has lost some value, but is still worth more than twice that 1999 price I would expect. Zillow says it is worth $2.6M now, but who knows what it is really worth.

Parts of Del Mar east of the 5 are in fact comming down in price quite a bit, just like other areas, particularly north of Via De La Valle, where prices have dropped more than other areas, certainly more than CV. I looked at a house last June that is now listing for $900k less.

[raptorduck]

West of the 5, don’t count on it, particularly west of Camino Del Mar. I used to rent west of Camino Del Mar and the demand for those little houses on tiny lots was amazing and I expect will remain so. I had an opportnity to buy the 1,800+ 3 story house with a patio for a yard I lived in for around $1M in 1999 and passed it up. By 2005, it was worth several times that. I do think it has lost some value, but is still worth more than twice that 1999 price I would expect. Zillow says it is worth $2.6M now, but who knows what it is really worth.

Parts of Del Mar east of the 5 are in fact comming down in price quite a bit, just like other areas, particularly north of Via De La Valle, where prices have dropped more than other areas, certainly more than CV. I looked at a house last June that is now listing for $900k less.

[Author]

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