What is a good year’s price level to buy at?

[sdrealtor]

I would say its a pretty prime piece of RSF real estate at a price well below what many people paid to live in tract homes nearby in CV, Encinitas and South Carlsbad. Winning at this game means being opportunistic and it can happen anytime in the resale game (new homes are a different matter as you cant buy what’s not being built). He’s a winner in my book.

[patb]

[quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.

[patb]

[quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.

[patb]

[quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.

[patb]

[quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.

[patb]

[quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.

[patb]

[quote=patb][quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.[/quote]

but do the analysis, what’s teh $/SF, would this
place cash flow as a rental?

after that is this where you want to live

[patb]

[quote=patb][quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.[/quote]

but do the analysis, what’s teh $/SF, would this
place cash flow as a rental?

after that is this where you want to live

[patb]

[quote=patb][quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.[/quote]

but do the analysis, what’s teh $/SF, would this
place cash flow as a rental?

after that is this where you want to live

[patb]

[quote=patb][quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.[/quote]

but do the analysis, what’s teh $/SF, would this
place cash flow as a rental?

after that is this where you want to live

[patb]

[quote=patb][quote=jeeman]Ok, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.[/quote]

buying for the 2001 price?

hard to go wrong.[/quote]

but do the analysis, what’s teh $/SF, would this
place cash flow as a rental?

after that is this where you want to live

[temeculaguy]

RSF wouldn’t really lend itself to ppsf or rental percentages like a tract home or a normal home, that’s a niche market, an extreme niche. It will certainly not compare to a a condo or even a ghetto house when comparing rent to purchase ratios because they are rarely rentals and they don’t pencil out as rentals very often. Unfortunately, to get a feel for it’s value you are stuck with normal comps and historical prices for the immediate area.

Patb, if you are not familar with that area, it’s Bel Air of sorts, only about at thousand houses and loaded with celebs, hard to valuate using conventional methods.

Check the notable residents list near the bottom, it’s actually missing some that I know of personally and I’ve never been there.

http://en.wikipedia.org/wiki/Rancho_Santa_Fe,_California

I’d say 2001 pricing is a safe play and was always the goal when this thing started, regardless of the zip code (except for detroit).

Enjoy the pad, what a cool place to live, I could never live there, I’d be drunk all the time. I’d be at the local watering hole every night and at every BBQ I could crash every day, there are just too many people there I’d want to get drunk with to hear their stories. Lefty, Pete Rozelle, Bill Gates, Luke Walton, Arthur Laffer just to name a few, I’d need a new liver every year. Can you imagine being drunk in a bar or at a party with a bunch of guys and you keep trying to get Arthur to say “vooodooo economics” in Ben Stein’s voice from Ferris Bueller, anyone, anyone. I’d laugh till I vomited. Plus I’d probably try to hit on Janet Jackson, Jenny Craig and Juice Newton so many times there would be restraining orders against me (and that’s just the J’s).

[temeculaguy]

RSF wouldn’t really lend itself to ppsf or rental percentages like a tract home or a normal home, that’s a niche market, an extreme niche. It will certainly not compare to a a condo or even a ghetto house when comparing rent to purchase ratios because they are rarely rentals and they don’t pencil out as rentals very often. Unfortunately, to get a feel for it’s value you are stuck with normal comps and historical prices for the immediate area.

Patb, if you are not familar with that area, it’s Bel Air of sorts, only about at thousand houses and loaded with celebs, hard to valuate using conventional methods.

Check the notable residents list near the bottom, it’s actually missing some that I know of personally and I’ve never been there.

http://en.wikipedia.org/wiki/Rancho_Santa_Fe,_California

I’d say 2001 pricing is a safe play and was always the goal when this thing started, regardless of the zip code (except for detroit).

Enjoy the pad, what a cool place to live, I could never live there, I’d be drunk all the time. I’d be at the local watering hole every night and at every BBQ I could crash every day, there are just too many people there I’d want to get drunk with to hear their stories. Lefty, Pete Rozelle, Bill Gates, Luke Walton, Arthur Laffer just to name a few, I’d need a new liver every year. Can you imagine being drunk in a bar or at a party with a bunch of guys and you keep trying to get Arthur to say “vooodooo economics” in Ben Stein’s voice from Ferris Bueller, anyone, anyone. I’d laugh till I vomited. Plus I’d probably try to hit on Janet Jackson, Jenny Craig and Juice Newton so many times there would be restraining orders against me (and that’s just the J’s).

[temeculaguy]

RSF wouldn’t really lend itself to ppsf or rental percentages like a tract home or a normal home, that’s a niche market, an extreme niche. It will certainly not compare to a a condo or even a ghetto house when comparing rent to purchase ratios because they are rarely rentals and they don’t pencil out as rentals very often. Unfortunately, to get a feel for it’s value you are stuck with normal comps and historical prices for the immediate area.

Patb, if you are not familar with that area, it’s Bel Air of sorts, only about at thousand houses and loaded with celebs, hard to valuate using conventional methods.

Check the notable residents list near the bottom, it’s actually missing some that I know of personally and I’ve never been there.

http://en.wikipedia.org/wiki/Rancho_Santa_Fe,_California

I’d say 2001 pricing is a safe play and was always the goal when this thing started, regardless of the zip code (except for detroit).

Enjoy the pad, what a cool place to live, I could never live there, I’d be drunk all the time. I’d be at the local watering hole every night and at every BBQ I could crash every day, there are just too many people there I’d want to get drunk with to hear their stories. Lefty, Pete Rozelle, Bill Gates, Luke Walton, Arthur Laffer just to name a few, I’d need a new liver every year. Can you imagine being drunk in a bar or at a party with a bunch of guys and you keep trying to get Arthur to say “vooodooo economics” in Ben Stein’s voice from Ferris Bueller, anyone, anyone. I’d laugh till I vomited. Plus I’d probably try to hit on Janet Jackson, Jenny Craig and Juice Newton so many times there would be restraining orders against me (and that’s just the J’s).

[temeculaguy]

RSF wouldn’t really lend itself to ppsf or rental percentages like a tract home or a normal home, that’s a niche market, an extreme niche. It will certainly not compare to a a condo or even a ghetto house when comparing rent to purchase ratios because they are rarely rentals and they don’t pencil out as rentals very often. Unfortunately, to get a feel for it’s value you are stuck with normal comps and historical prices for the immediate area.

Patb, if you are not familar with that area, it’s Bel Air of sorts, only about at thousand houses and loaded with celebs, hard to valuate using conventional methods.

Check the notable residents list near the bottom, it’s actually missing some that I know of personally and I’ve never been there.

http://en.wikipedia.org/wiki/Rancho_Santa_Fe,_California

I’d say 2001 pricing is a safe play and was always the goal when this thing started, regardless of the zip code (except for detroit).

Enjoy the pad, what a cool place to live, I could never live there, I’d be drunk all the time. I’d be at the local watering hole every night and at every BBQ I could crash every day, there are just too many people there I’d want to get drunk with to hear their stories. Lefty, Pete Rozelle, Bill Gates, Luke Walton, Arthur Laffer just to name a few, I’d need a new liver every year. Can you imagine being drunk in a bar or at a party with a bunch of guys and you keep trying to get Arthur to say “vooodooo economics” in Ben Stein’s voice from Ferris Bueller, anyone, anyone. I’d laugh till I vomited. Plus I’d probably try to hit on Janet Jackson, Jenny Craig and Juice Newton so many times there would be restraining orders against me (and that’s just the J’s).

[Author]

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