What year was the road Camino del Sur built?

[bearishgurl]

[quote=earlyretirement]…I’ve had realtors that have lived in SD all their lives tell me not to buy there…then when I ask them if they have ever visited they admit they haven’t which seems strange to me to advise against buying in an area without visiting it…..[/quote]

ER, the reason long-time resident or native realtors are telling you this is because they have SEEN more than a few RE cycles around here and more than a few developments lose value rapidly and even developments go under while still in various phases of construction! I know I have.

RE in CA coastal counties is priced based upon location. Location, not size of bldg, is the main driver of price and this will never change. After location, size of lot is the second driver of price.

The area you are looking in is an untested, far flung area. Its zip code was not even annexed into the City of SD until about 2002. And that is when the entire area was still largely vacant! I have no doubt the developers of this area picked up all this land for a song and then pawned all the necessary improvements off on their buyers in the form of exorbitant MR bonds after subdividing it (into minuscule lots).

Here is a SD General Plan map dated 2000.

http://www.sandiego.gov/planning/genplan/pdf/generalplan/lu3planarea.pdf

A mere 8-9 years of “market history” in 92127 indicates that the vast majority of homeowners there are either currently underwater, not underwater but lost a huge downpayment, are currently trying to sell short or have lost their properties to foreclosure.

After perusing SDlookup today, it appears to me that the the typical owner of an improved lot in Santaluz has lost an average of $300K in “equity” in the last six years.

That’s not even considering the $120K to $140K that they have sunk into MR and HOA dues in that period of time, assuming they are still current on both.

Without all of the “exotic” financing you just mentioned (which was handed out to anyone who could fog a mirror in recent years), there is NO WAY homes on those size lots with that level of MR encumbrance would have fetched anywhere near the prices they did (especially the spartan and badly designed/poorly appointed ones). Yes, there are some of these in the current SDLookup actives.

No offense to any Pigg who owns there but it is what it is. It is also located where it is with limited in/out access and with the vast bulk of residents commuting to work every day. These are elements that you can’t change.

For this reason, 4S and surrounds will never be able to compete in desirability with SD County’s finest urban and/or coastal communities

ER, I think you will learn a GREAT DEAL by coming here and driving around. There is no better RE education than that gleaned from the street. Give these realtors who “advised you” a little bit of credit. They know what they know first hand, have been on the ground here for decades and you haven’t. There’s no substitute for that experience.

[flyer]

ER–From what you’ve posted, it sounds like you are on the right track to finding your “Dream Home.” Renting in CV is a great way to really check out each and every location you’ve mentioned.

As a San Diego native who lives in Rancho Santa Fe, and as someone who owns a lot of rental property here and elsewhere, I’ve found you really need to get a feel for the area in which you are considering living. After completing all of your research on each location, as you are doing, there’s just no substitute for actually experiencing each of them with your family.

Have a great time finding your “Place in the Sun!”

[flyer]

ER–From what you’ve posted, it sounds like you are on the right track to finding your “Dream Home.” Renting in CV is a great way to really check out each and every location you’ve mentioned.

As a San Diego native who lives in Rancho Santa Fe, and as someone who owns a lot of rental property here and elsewhere, I’ve found you really need to get a feel for the area in which you are considering living. After completing all of your research on each location, as you are doing, there’s just no substitute for actually experiencing each of them with your family.

Have a great time finding your “Place in the Sun!”

[flyer]

ER–From what you’ve posted, it sounds like you are on the right track to finding your “Dream Home.” Renting in CV is a great way to really check out each and every location you’ve mentioned.

As a San Diego native who lives in Rancho Santa Fe, and as someone who owns a lot of rental property here and elsewhere, I’ve found you really need to get a feel for the area in which you are considering living. After completing all of your research on each location, as you are doing, there’s just no substitute for actually experiencing each of them with your family.

Have a great time finding your “Place in the Sun!”

[flyer]

ER–From what you’ve posted, it sounds like you are on the right track to finding your “Dream Home.” Renting in CV is a great way to really check out each and every location you’ve mentioned.

As a San Diego native who lives in Rancho Santa Fe, and as someone who owns a lot of rental property here and elsewhere, I’ve found you really need to get a feel for the area in which you are considering living. After completing all of your research on each location, as you are doing, there’s just no substitute for actually experiencing each of them with your family.

Have a great time finding your “Place in the Sun!”

[flyer]

ER–From what you’ve posted, it sounds like you are on the right track to finding your “Dream Home.” Renting in CV is a great way to really check out each and every location you’ve mentioned.

As a San Diego native who lives in Rancho Santa Fe, and as someone who owns a lot of rental property here and elsewhere, I’ve found you really need to get a feel for the area in which you are considering living. After completing all of your research on each location, as you are doing, there’s just no substitute for actually experiencing each of them with your family.

Have a great time finding your “Place in the Sun!”

[earlyretirement]

Thanks for the great advice BG…yes definitely I’m looking forward to hitting the ground. We’ve only looked so far in La Jolla and Carmel Valley but look forward to checking out Santaluz and that area.

Definitely I take all advice I hear from anyone. It’s just that I think before giving someone advice not to live in an area I’d at least like the realtor to have visited the area or development…that’s all.

Also, to be fair, plenty of real estate professionals have also told me that that area is really great. Several I talked to bought in that area. 😉 One I talked to lives in that area still and besides the high MR and HOA she enjoys it.

Again, thanks for your great comments. They are constructive and helpful. We’re there next month so looking forward to it. I also rented a house in Carmel Valley for 5 months just in case we don’t find something perfect for us and will give us more time to look. Thanks again.

[earlyretirement]

Thanks for the great advice BG…yes definitely I’m looking forward to hitting the ground. We’ve only looked so far in La Jolla and Carmel Valley but look forward to checking out Santaluz and that area.

Definitely I take all advice I hear from anyone. It’s just that I think before giving someone advice not to live in an area I’d at least like the realtor to have visited the area or development…that’s all.

Also, to be fair, plenty of real estate professionals have also told me that that area is really great. Several I talked to bought in that area. 😉 One I talked to lives in that area still and besides the high MR and HOA she enjoys it.

Again, thanks for your great comments. They are constructive and helpful. We’re there next month so looking forward to it. I also rented a house in Carmel Valley for 5 months just in case we don’t find something perfect for us and will give us more time to look. Thanks again.

[earlyretirement]

Thanks for the great advice BG…yes definitely I’m looking forward to hitting the ground. We’ve only looked so far in La Jolla and Carmel Valley but look forward to checking out Santaluz and that area.

Definitely I take all advice I hear from anyone. It’s just that I think before giving someone advice not to live in an area I’d at least like the realtor to have visited the area or development…that’s all.

Also, to be fair, plenty of real estate professionals have also told me that that area is really great. Several I talked to bought in that area. 😉 One I talked to lives in that area still and besides the high MR and HOA she enjoys it.

Again, thanks for your great comments. They are constructive and helpful. We’re there next month so looking forward to it. I also rented a house in Carmel Valley for 5 months just in case we don’t find something perfect for us and will give us more time to look. Thanks again.

[earlyretirement]

Thanks for the great advice BG…yes definitely I’m looking forward to hitting the ground. We’ve only looked so far in La Jolla and Carmel Valley but look forward to checking out Santaluz and that area.

Definitely I take all advice I hear from anyone. It’s just that I think before giving someone advice not to live in an area I’d at least like the realtor to have visited the area or development…that’s all.

Also, to be fair, plenty of real estate professionals have also told me that that area is really great. Several I talked to bought in that area. 😉 One I talked to lives in that area still and besides the high MR and HOA she enjoys it.

Again, thanks for your great comments. They are constructive and helpful. We’re there next month so looking forward to it. I also rented a house in Carmel Valley for 5 months just in case we don’t find something perfect for us and will give us more time to look. Thanks again.

[earlyretirement]

Thanks for the great advice BG…yes definitely I’m looking forward to hitting the ground. We’ve only looked so far in La Jolla and Carmel Valley but look forward to checking out Santaluz and that area.

Definitely I take all advice I hear from anyone. It’s just that I think before giving someone advice not to live in an area I’d at least like the realtor to have visited the area or development…that’s all.

Also, to be fair, plenty of real estate professionals have also told me that that area is really great. Several I talked to bought in that area. 😉 One I talked to lives in that area still and besides the high MR and HOA she enjoys it.

Again, thanks for your great comments. They are constructive and helpful. We’re there next month so looking forward to it. I also rented a house in Carmel Valley for 5 months just in case we don’t find something perfect for us and will give us more time to look. Thanks again.

[ocrenter]

BG, why do you have such a huge bias against 4S and the general area. quite frankly some of your info is completely wrong and misleading. 4S was never annexed as part of the city of San Diego. the library is part of the county system.

I understand some people do not like MR and HOA. that’s fine, a lot of people are ok with it, so let it be. You keep stating the same mantra about 4S MR and small lots. I bet you don’t even realize a lot of 4S actually have very low MR and HOA. it is really the part north of Camino del norte that have the high MR and smaller lots that you rally against. those are easily identifiable as they are typically built after 2007. But you repeatedly would try to steer anyone interested in the area completely away from it because of your personal bias against these new master plan communities.

I’m the one that coined the term 4closure ranch, so obviously I understand how much distress there are there. But having lived there for a couple of years and with friends and co-workers there, I can attest it is a fine place to raise a family and it will have a very bright future. Quite frankly I say get in while there are distress because the prices WILL rebound in the future when all of the speculators and squatters gradually exit the scene.

the 92127 zip code will do well and time progress. the schools are top notch and as the community gets more established, its value will improve.

[ocrenter]

BG, why do you have such a huge bias against 4S and the general area. quite frankly some of your info is completely wrong and misleading. 4S was never annexed as part of the city of San Diego. the library is part of the county system.

I understand some people do not like MR and HOA. that’s fine, a lot of people are ok with it, so let it be. You keep stating the same mantra about 4S MR and small lots. I bet you don’t even realize a lot of 4S actually have very low MR and HOA. it is really the part north of Camino del norte that have the high MR and smaller lots that you rally against. those are easily identifiable as they are typically built after 2007. But you repeatedly would try to steer anyone interested in the area completely away from it because of your personal bias against these new master plan communities.

I’m the one that coined the term 4closure ranch, so obviously I understand how much distress there are there. But having lived there for a couple of years and with friends and co-workers there, I can attest it is a fine place to raise a family and it will have a very bright future. Quite frankly I say get in while there are distress because the prices WILL rebound in the future when all of the speculators and squatters gradually exit the scene.

the 92127 zip code will do well and time progress. the schools are top notch and as the community gets more established, its value will improve.

[ocrenter]

BG, why do you have such a huge bias against 4S and the general area. quite frankly some of your info is completely wrong and misleading. 4S was never annexed as part of the city of San Diego. the library is part of the county system.

I understand some people do not like MR and HOA. that’s fine, a lot of people are ok with it, so let it be. You keep stating the same mantra about 4S MR and small lots. I bet you don’t even realize a lot of 4S actually have very low MR and HOA. it is really the part north of Camino del norte that have the high MR and smaller lots that you rally against. those are easily identifiable as they are typically built after 2007. But you repeatedly would try to steer anyone interested in the area completely away from it because of your personal bias against these new master plan communities.

I’m the one that coined the term 4closure ranch, so obviously I understand how much distress there are there. But having lived there for a couple of years and with friends and co-workers there, I can attest it is a fine place to raise a family and it will have a very bright future. Quite frankly I say get in while there are distress because the prices WILL rebound in the future when all of the speculators and squatters gradually exit the scene.

the 92127 zip code will do well and time progress. the schools are top notch and as the community gets more established, its value will improve.

[ocrenter]

BG, why do you have such a huge bias against 4S and the general area. quite frankly some of your info is completely wrong and misleading. 4S was never annexed as part of the city of San Diego. the library is part of the county system.

I understand some people do not like MR and HOA. that’s fine, a lot of people are ok with it, so let it be. You keep stating the same mantra about 4S MR and small lots. I bet you don’t even realize a lot of 4S actually have very low MR and HOA. it is really the part north of Camino del norte that have the high MR and smaller lots that you rally against. those are easily identifiable as they are typically built after 2007. But you repeatedly would try to steer anyone interested in the area completely away from it because of your personal bias against these new master plan communities.

I’m the one that coined the term 4closure ranch, so obviously I understand how much distress there are there. But having lived there for a couple of years and with friends and co-workers there, I can attest it is a fine place to raise a family and it will have a very bright future. Quite frankly I say get in while there are distress because the prices WILL rebound in the future when all of the speculators and squatters gradually exit the scene.

the 92127 zip code will do well and time progress. the schools are top notch and as the community gets more established, its value will improve.

[Author]

Posts