What is going on in Mission Hills / 92103

[sdgrrl]

They will have to pry me out of my place by my cold dead hands. There is simply nothing that compares to what I can buy in this neighborhood vs. what I rent for in this current market. Just doesn’t make sense to me at this point.

I don’t want to say what I rent my place for…too superstitious. Let’s just say I keep the owners family in my nightly prayers 😉

[zzz]

sdgrrl, there are a lot of people with unrealistic prices/ expectations and won’t sell unless they can get what they want. we put in several offers last year that the owners were offended by, and ultimately pulled their houses off the market. The thing is, in 2 instances, they wanted to move elsewhere, so I have no idea if they are putting that on hold or not. The homes that are stagnating are not in great condition, do not have a great flow/layout, nor great lot sizes / streets for the prices they are asking. I think its actually quite simple. The houses that are quality at the right price are moving, the others are not attractive in this market because people can’t justify having to settle to that extent and pay that much $$

[zzz]

sdgrrl, there are a lot of people with unrealistic prices/ expectations and won’t sell unless they can get what they want. we put in several offers last year that the owners were offended by, and ultimately pulled their houses off the market. The thing is, in 2 instances, they wanted to move elsewhere, so I have no idea if they are putting that on hold or not. The homes that are stagnating are not in great condition, do not have a great flow/layout, nor great lot sizes / streets for the prices they are asking. I think its actually quite simple. The houses that are quality at the right price are moving, the others are not attractive in this market because people can’t justify having to settle to that extent and pay that much $$

[zzz]

sdgrrl, there are a lot of people with unrealistic prices/ expectations and won’t sell unless they can get what they want. we put in several offers last year that the owners were offended by, and ultimately pulled their houses off the market. The thing is, in 2 instances, they wanted to move elsewhere, so I have no idea if they are putting that on hold or not. The homes that are stagnating are not in great condition, do not have a great flow/layout, nor great lot sizes / streets for the prices they are asking. I think its actually quite simple. The houses that are quality at the right price are moving, the others are not attractive in this market because people can’t justify having to settle to that extent and pay that much $$

[zzz]

sdgrrl, there are a lot of people with unrealistic prices/ expectations and won’t sell unless they can get what they want. we put in several offers last year that the owners were offended by, and ultimately pulled their houses off the market. The thing is, in 2 instances, they wanted to move elsewhere, so I have no idea if they are putting that on hold or not. The homes that are stagnating are not in great condition, do not have a great flow/layout, nor great lot sizes / streets for the prices they are asking. I think its actually quite simple. The houses that are quality at the right price are moving, the others are not attractive in this market because people can’t justify having to settle to that extent and pay that much $$

[zzz]

sdgrrl, there are a lot of people with unrealistic prices/ expectations and won’t sell unless they can get what they want. we put in several offers last year that the owners were offended by, and ultimately pulled their houses off the market. The thing is, in 2 instances, they wanted to move elsewhere, so I have no idea if they are putting that on hold or not. The homes that are stagnating are not in great condition, do not have a great flow/layout, nor great lot sizes / streets for the prices they are asking. I think its actually quite simple. The houses that are quality at the right price are moving, the others are not attractive in this market because people can’t justify having to settle to that extent and pay that much $$

[bearishgurl]

sdgrrl, Mission Hills and SD’s best surrounding urban zip codes are flush with owners who don’t have a huge tax burden … that is, those pre April 1978 purchasers with Prop 13 protection and their heirs. Many, many of these properties are paid off and have been for many years. If the owners choose to let them sit because they can’t obtain on the open market a fantasy price in their heads, that is their perogative, even if they are heirs residing out of county or out of state. It’s not illegal to leave a property vacant and hire someone to periodically clean/mow the lot (to avoid weed abatement fines). I have noticed this phenomenon with South Lake Tahoe properties, listed or not. A very large percentage of owners there are out of county or out of state. It seems some of their asking prices are above what the market will bear and, even after 3+ yrs on the market, never seem to get substantially lowered enough to compete with the “must sell” properties in today’s market.

The truth of the matter is, many CA owners don’t have to make any $$ at all from a property bequeathed to them. Pursuant to Prop 13, their carrying costs are merely $300 to $700 yr in taxes, plus their annual homeowner’s insurance premium. These meager expenses are often split between siblings and other relatives, many already “well-heeled” without the proceeds from this sale. They can market the property into oblivion, waiting for their “dream buyer” to show up and pay close to what they are asking under terms they can live with. In the interim, they don’t want tenants tearing the property up.

Not advocating for delusional sellers here, but just bear in mind that it’s a free country and always will be.

[bearishgurl]

sdgrrl, Mission Hills and SD’s best surrounding urban zip codes are flush with owners who don’t have a huge tax burden … that is, those pre April 1978 purchasers with Prop 13 protection and their heirs. Many, many of these properties are paid off and have been for many years. If the owners choose to let them sit because they can’t obtain on the open market a fantasy price in their heads, that is their perogative, even if they are heirs residing out of county or out of state. It’s not illegal to leave a property vacant and hire someone to periodically clean/mow the lot (to avoid weed abatement fines). I have noticed this phenomenon with South Lake Tahoe properties, listed or not. A very large percentage of owners there are out of county or out of state. It seems some of their asking prices are above what the market will bear and, even after 3+ yrs on the market, never seem to get substantially lowered enough to compete with the “must sell” properties in today’s market.

The truth of the matter is, many CA owners don’t have to make any $$ at all from a property bequeathed to them. Pursuant to Prop 13, their carrying costs are merely $300 to $700 yr in taxes, plus their annual homeowner’s insurance premium. These meager expenses are often split between siblings and other relatives, many already “well-heeled” without the proceeds from this sale. They can market the property into oblivion, waiting for their “dream buyer” to show up and pay close to what they are asking under terms they can live with. In the interim, they don’t want tenants tearing the property up.

Not advocating for delusional sellers here, but just bear in mind that it’s a free country and always will be.

[bearishgurl]

sdgrrl, Mission Hills and SD’s best surrounding urban zip codes are flush with owners who don’t have a huge tax burden … that is, those pre April 1978 purchasers with Prop 13 protection and their heirs. Many, many of these properties are paid off and have been for many years. If the owners choose to let them sit because they can’t obtain on the open market a fantasy price in their heads, that is their perogative, even if they are heirs residing out of county or out of state. It’s not illegal to leave a property vacant and hire someone to periodically clean/mow the lot (to avoid weed abatement fines). I have noticed this phenomenon with South Lake Tahoe properties, listed or not. A very large percentage of owners there are out of county or out of state. It seems some of their asking prices are above what the market will bear and, even after 3+ yrs on the market, never seem to get substantially lowered enough to compete with the “must sell” properties in today’s market.

The truth of the matter is, many CA owners don’t have to make any $$ at all from a property bequeathed to them. Pursuant to Prop 13, their carrying costs are merely $300 to $700 yr in taxes, plus their annual homeowner’s insurance premium. These meager expenses are often split between siblings and other relatives, many already “well-heeled” without the proceeds from this sale. They can market the property into oblivion, waiting for their “dream buyer” to show up and pay close to what they are asking under terms they can live with. In the interim, they don’t want tenants tearing the property up.

Not advocating for delusional sellers here, but just bear in mind that it’s a free country and always will be.

[bearishgurl]

sdgrrl, Mission Hills and SD’s best surrounding urban zip codes are flush with owners who don’t have a huge tax burden … that is, those pre April 1978 purchasers with Prop 13 protection and their heirs. Many, many of these properties are paid off and have been for many years. If the owners choose to let them sit because they can’t obtain on the open market a fantasy price in their heads, that is their perogative, even if they are heirs residing out of county or out of state. It’s not illegal to leave a property vacant and hire someone to periodically clean/mow the lot (to avoid weed abatement fines). I have noticed this phenomenon with South Lake Tahoe properties, listed or not. A very large percentage of owners there are out of county or out of state. It seems some of their asking prices are above what the market will bear and, even after 3+ yrs on the market, never seem to get substantially lowered enough to compete with the “must sell” properties in today’s market.

The truth of the matter is, many CA owners don’t have to make any $$ at all from a property bequeathed to them. Pursuant to Prop 13, their carrying costs are merely $300 to $700 yr in taxes, plus their annual homeowner’s insurance premium. These meager expenses are often split between siblings and other relatives, many already “well-heeled” without the proceeds from this sale. They can market the property into oblivion, waiting for their “dream buyer” to show up and pay close to what they are asking under terms they can live with. In the interim, they don’t want tenants tearing the property up.

Not advocating for delusional sellers here, but just bear in mind that it’s a free country and always will be.

[bearishgurl]

sdgrrl, Mission Hills and SD’s best surrounding urban zip codes are flush with owners who don’t have a huge tax burden … that is, those pre April 1978 purchasers with Prop 13 protection and their heirs. Many, many of these properties are paid off and have been for many years. If the owners choose to let them sit because they can’t obtain on the open market a fantasy price in their heads, that is their perogative, even if they are heirs residing out of county or out of state. It’s not illegal to leave a property vacant and hire someone to periodically clean/mow the lot (to avoid weed abatement fines). I have noticed this phenomenon with South Lake Tahoe properties, listed or not. A very large percentage of owners there are out of county or out of state. It seems some of their asking prices are above what the market will bear and, even after 3+ yrs on the market, never seem to get substantially lowered enough to compete with the “must sell” properties in today’s market.

The truth of the matter is, many CA owners don’t have to make any $$ at all from a property bequeathed to them. Pursuant to Prop 13, their carrying costs are merely $300 to $700 yr in taxes, plus their annual homeowner’s insurance premium. These meager expenses are often split between siblings and other relatives, many already “well-heeled” without the proceeds from this sale. They can market the property into oblivion, waiting for their “dream buyer” to show up and pay close to what they are asking under terms they can live with. In the interim, they don’t want tenants tearing the property up.

Not advocating for delusional sellers here, but just bear in mind that it’s a free country and always will be.

[sdgrrl]

Good info in regards to Prop 13 bearishgurl- thank you. Gives me a different outlook and some knowledge into some of the rentals sitting around with owners unwilling to lower their prices.

[sdgrrl]

Good info in regards to Prop 13 bearishgurl- thank you. Gives me a different outlook and some knowledge into some of the rentals sitting around with owners unwilling to lower their prices.

[sdgrrl]

Good info in regards to Prop 13 bearishgurl- thank you. Gives me a different outlook and some knowledge into some of the rentals sitting around with owners unwilling to lower their prices.

[sdgrrl]

Good info in regards to Prop 13 bearishgurl- thank you. Gives me a different outlook and some knowledge into some of the rentals sitting around with owners unwilling to lower their prices.

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