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sdrealtor.
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November 16, 2009 at 10:34 PM #16674November 16, 2009 at 11:20 PM #483481
SD Realtor
ParticipantStonebridge has enjoyed appreciation just like most other similar neighborhoods over this past year. I feel that once the govt empties the bag of tricks and has to actually let the market run unsubsidized then Stonebridge will suffer once again. Hard to say when that will be. Of course interest rates are the wild card. So if you have a year or two for wait time, then you could see Stonebridge depreciation.
Your constraint about being built after Y2K will severely limit your selections. You are pretty much going to be in Stonebridge, 4S Ranch, La Costa Valley, Carmel Valley.
As far as distressed sales, absolutely they will continue. However the problem you are facing is the stock of buyers pretty much looking for exactly what you are searching for. Lots and lots of employed engineers who have a couple hundred k in the bank and maybe they make between 100-200k in annual salary. They are looking for exactly what you declined. What you need is for them to get the homes and drop out of the pool. Alternately you need more and more of these properties to go belly up.
I believe they will and you will have opportunities in the price range you stated. I have already seen them out there. They go quick but they are there. More will come.
You just need to know the risk of depreciation in the future. Also others will argue the entire banking system and real estate market will crater. That could be true but that is something you need to reconcile for yourself.
November 16, 2009 at 11:20 PM #484103ParticipantStonebridge has enjoyed appreciation just like most other similar neighborhoods over this past year. I feel that once the govt empties the bag of tricks and has to actually let the market run unsubsidized then Stonebridge will suffer once again. Hard to say when that will be. Of course interest rates are the wild card. So if you have a year or two for wait time, then you could see Stonebridge depreciation.
Your constraint about being built after Y2K will severely limit your selections. You are pretty much going to be in Stonebridge, 4S Ranch, La Costa Valley, Carmel Valley.
As far as distressed sales, absolutely they will continue. However the problem you are facing is the stock of buyers pretty much looking for exactly what you are searching for. Lots and lots of employed engineers who have a couple hundred k in the bank and maybe they make between 100-200k in annual salary. They are looking for exactly what you declined. What you need is for them to get the homes and drop out of the pool. Alternately you need more and more of these properties to go belly up.
I believe they will and you will have opportunities in the price range you stated. I have already seen them out there. They go quick but they are there. More will come.
You just need to know the risk of depreciation in the future. Also others will argue the entire banking system and real estate market will crater. That could be true but that is something you need to reconcile for yourself.
November 16, 2009 at 11:20 PM #484019ParticipantStonebridge has enjoyed appreciation just like most other similar neighborhoods over this past year. I feel that once the govt empties the bag of tricks and has to actually let the market run unsubsidized then Stonebridge will suffer once again. Hard to say when that will be. Of course interest rates are the wild card. So if you have a year or two for wait time, then you could see Stonebridge depreciation.
Your constraint about being built after Y2K will severely limit your selections. You are pretty much going to be in Stonebridge, 4S Ranch, La Costa Valley, Carmel Valley.
As far as distressed sales, absolutely they will continue. However the problem you are facing is the stock of buyers pretty much looking for exactly what you are searching for. Lots and lots of employed engineers who have a couple hundred k in the bank and maybe they make between 100-200k in annual salary. They are looking for exactly what you declined. What you need is for them to get the homes and drop out of the pool. Alternately you need more and more of these properties to go belly up.
I believe they will and you will have opportunities in the price range you stated. I have already seen them out there. They go quick but they are there. More will come.
You just need to know the risk of depreciation in the future. Also others will argue the entire banking system and real estate market will crater. That could be true but that is something you need to reconcile for yourself.
November 16, 2009 at 11:20 PM #484330ParticipantStonebridge has enjoyed appreciation just like most other similar neighborhoods over this past year. I feel that once the govt empties the bag of tricks and has to actually let the market run unsubsidized then Stonebridge will suffer once again. Hard to say when that will be. Of course interest rates are the wild card. So if you have a year or two for wait time, then you could see Stonebridge depreciation.
Your constraint about being built after Y2K will severely limit your selections. You are pretty much going to be in Stonebridge, 4S Ranch, La Costa Valley, Carmel Valley.
As far as distressed sales, absolutely they will continue. However the problem you are facing is the stock of buyers pretty much looking for exactly what you are searching for. Lots and lots of employed engineers who have a couple hundred k in the bank and maybe they make between 100-200k in annual salary. They are looking for exactly what you declined. What you need is for them to get the homes and drop out of the pool. Alternately you need more and more of these properties to go belly up.
I believe they will and you will have opportunities in the price range you stated. I have already seen them out there. They go quick but they are there. More will come.
You just need to know the risk of depreciation in the future. Also others will argue the entire banking system and real estate market will crater. That could be true but that is something you need to reconcile for yourself.
November 16, 2009 at 11:20 PM #483644ParticipantStonebridge has enjoyed appreciation just like most other similar neighborhoods over this past year. I feel that once the govt empties the bag of tricks and has to actually let the market run unsubsidized then Stonebridge will suffer once again. Hard to say when that will be. Of course interest rates are the wild card. So if you have a year or two for wait time, then you could see Stonebridge depreciation.
Your constraint about being built after Y2K will severely limit your selections. You are pretty much going to be in Stonebridge, 4S Ranch, La Costa Valley, Carmel Valley.
As far as distressed sales, absolutely they will continue. However the problem you are facing is the stock of buyers pretty much looking for exactly what you are searching for. Lots and lots of employed engineers who have a couple hundred k in the bank and maybe they make between 100-200k in annual salary. They are looking for exactly what you declined. What you need is for them to get the homes and drop out of the pool. Alternately you need more and more of these properties to go belly up.
I believe they will and you will have opportunities in the price range you stated. I have already seen them out there. They go quick but they are there. More will come.
You just need to know the risk of depreciation in the future. Also others will argue the entire banking system and real estate market will crater. That could be true but that is something you need to reconcile for yourself.
November 17, 2009 at 9:17 AM #484139Echoooo
ParticipantThanks, SDR. I know 4s Ranch, the lot is small. and as far as Carmel Valley, I thought properties are over my range, price wise. It should be over 80s. I have heard for new development in Carmel Valley, people are on the waiting list for 2 years from now. Not sure of La Costa Valley, which school district does it belong to? Any properties on the market now? Just want to have an idea what the neighborhood looks like.and forgot to mention my situation. I am Not a first-time buyer, so when you mention depreciation, I hope it is Not general, just for distressed home owners?
November 17, 2009 at 9:17 AM #483763ParticipantThanks, SDR. I know 4s Ranch, the lot is small. and as far as Carmel Valley, I thought properties are over my range, price wise. It should be over 80s. I have heard for new development in Carmel Valley, people are on the waiting list for 2 years from now. Not sure of La Costa Valley, which school district does it belong to? Any properties on the market now? Just want to have an idea what the neighborhood looks like.and forgot to mention my situation. I am Not a first-time buyer, so when you mention depreciation, I hope it is Not general, just for distressed home owners?
November 17, 2009 at 9:17 AM #484449ParticipantThanks, SDR. I know 4s Ranch, the lot is small. and as far as Carmel Valley, I thought properties are over my range, price wise. It should be over 80s. I have heard for new development in Carmel Valley, people are on the waiting list for 2 years from now. Not sure of La Costa Valley, which school district does it belong to? Any properties on the market now? Just want to have an idea what the neighborhood looks like.and forgot to mention my situation. I am Not a first-time buyer, so when you mention depreciation, I hope it is Not general, just for distressed home owners?
November 17, 2009 at 9:17 AM #484222ParticipantThanks, SDR. I know 4s Ranch, the lot is small. and as far as Carmel Valley, I thought properties are over my range, price wise. It should be over 80s. I have heard for new development in Carmel Valley, people are on the waiting list for 2 years from now. Not sure of La Costa Valley, which school district does it belong to? Any properties on the market now? Just want to have an idea what the neighborhood looks like.and forgot to mention my situation. I am Not a first-time buyer, so when you mention depreciation, I hope it is Not general, just for distressed home owners?
November 17, 2009 at 9:17 AM #483599ParticipantThanks, SDR. I know 4s Ranch, the lot is small. and as far as Carmel Valley, I thought properties are over my range, price wise. It should be over 80s. I have heard for new development in Carmel Valley, people are on the waiting list for 2 years from now. Not sure of La Costa Valley, which school district does it belong to? Any properties on the market now? Just want to have an idea what the neighborhood looks like.and forgot to mention my situation. I am Not a first-time buyer, so when you mention depreciation, I hope it is Not general, just for distressed home owners?
November 17, 2009 at 9:37 AM #484149sdrealtor
ParticipantLC Valley is one of the nicest communities on the coast. It is in Encinitas School district for elementary and San Dieguito (same as Carmel Valley) for JR/SR High. Low HOA with great facilities, Low Mello Roos ($800/year), great location and just a really nice place to live. Up to 800K will only get you a max of 2800 sq ft. Between 800 and 900 you can get 3000 to 4000 sq ft.
November 17, 2009 at 9:37 AM #484459ParticipantLC Valley is one of the nicest communities on the coast. It is in Encinitas School district for elementary and San Dieguito (same as Carmel Valley) for JR/SR High. Low HOA with great facilities, Low Mello Roos ($800/year), great location and just a really nice place to live. Up to 800K will only get you a max of 2800 sq ft. Between 800 and 900 you can get 3000 to 4000 sq ft.
November 17, 2009 at 9:37 AM #483773ParticipantLC Valley is one of the nicest communities on the coast. It is in Encinitas School district for elementary and San Dieguito (same as Carmel Valley) for JR/SR High. Low HOA with great facilities, Low Mello Roos ($800/year), great location and just a really nice place to live. Up to 800K will only get you a max of 2800 sq ft. Between 800 and 900 you can get 3000 to 4000 sq ft.
November 17, 2009 at 9:37 AM #484232ParticipantLC Valley is one of the nicest communities on the coast. It is in Encinitas School district for elementary and San Dieguito (same as Carmel Valley) for JR/SR High. Low HOA with great facilities, Low Mello Roos ($800/year), great location and just a really nice place to live. Up to 800K will only get you a max of 2800 sq ft. Between 800 and 900 you can get 3000 to 4000 sq ft.
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