What’s your family income?

[sdrealtor]

SD R,
Did you finish your spreadhseet of who makes what yet?

;)sdr

[SD Realtor]

Spreadsheet? No the really important stuff I always commit to memory.

SD Realtor

[SD Realtor]

Spreadsheet? No the really important stuff I always commit to memory.

SD Realtor

[Borat]

We make combined $500K/yr. We save 99% of our income by living on ramen noodles and driving old cars. I have a 95 corolla — anyone who drives anything nicer or newer than me is a stupid spendthrift. We rent a 1/1 in the Somali ghetto area of East SD for $500/mo. Anyone who lives anywhere nicer is a stupid spendthrift. We send our kids to a private school in La Jolla for $30K/year because SD schools are crap and anyone who sends their kids to them is stupid. We have $10M in savings and growing. SD housing is so overpriced. When it crashes we are gonna buy it all.

[Borat]

We make combined $500K/yr. We save 99% of our income by living on ramen noodles and driving old cars. I have a 95 corolla — anyone who drives anything nicer or newer than me is a stupid spendthrift. We rent a 1/1 in the Somali ghetto area of East SD for $500/mo. Anyone who lives anywhere nicer is a stupid spendthrift. We send our kids to a private school in La Jolla for $30K/year because SD schools are crap and anyone who sends their kids to them is stupid. We have $10M in savings and growing. SD housing is so overpriced. When it crashes we are gonna buy it all.

[lostkitty]

Hilarious Borat!

(I luvs Da Ali G)

[lostkitty]

Hilarious Borat!

(I luvs Da Ali G)

[Anonymous]

cvhoverer

36 married w/ two year old, hoping maybe another child before long. Single income should gross $165K this year. Sold in June 05 and renting back at $1600 in 2 bed 1 bath North Park house. Making 5.5% in CD on most of 500% two year gain on $30K down payment while owning. Just hanging out now waiting for CV to drop another 10-15%. Looked at attached home yesterday in CV. Built in 1989 but nicely upgraded, owners bought in 2005 at $900+ and now listed at $820K. Any thoughts on this home?

MLS #: 071026285
http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=071026285&mls=mls_sandiego&source=SANDICOR&propertyType=SFR

[Anonymous]

cvhoverer

36 married w/ two year old, hoping maybe another child before long. Single income should gross $165K this year. Sold in June 05 and renting back at $1600 in 2 bed 1 bath North Park house. Making 5.5% in CD on most of 500% two year gain on $30K down payment while owning. Just hanging out now waiting for CV to drop another 10-15%. Looked at attached home yesterday in CV. Built in 1989 but nicely upgraded, owners bought in 2005 at $900+ and now listed at $820K. Any thoughts on this home?

MLS #: 071026285
http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=071026285&mls=mls_sandiego&source=SANDICOR&propertyType=SFR

[SD Realtor]

Hang loose on that San Remo home in CV. They owe about 775k on it total right now. Sit tight another year or two and you will most likely find that extra 10-15% you are looking for. My only concern is that this home backs up to DM Heights road so you will get noise in your backyard. Also even though the home is upgraded nicely, it is still overpriced in my opinion.

SD Realtor

[SD Realtor]

Hang loose on that San Remo home in CV. They owe about 775k on it total right now. Sit tight another year or two and you will most likely find that extra 10-15% you are looking for. My only concern is that this home backs up to DM Heights road so you will get noise in your backyard. Also even though the home is upgraded nicely, it is still overpriced in my opinion.

SD Realtor

[Anonymous]

cvhoverer

thanks SD Realtor. Wow, so how do you know what they owe? I guess this means they can’t go much lower. After closing costs and commissions they’ll be cutting it close before having to pay out to sell it.

It is against Del Mar Heights but they put in a nice tree barrier in the back plus it has a waterfall that muffles any noice. Didn’t notice much noice yesterday. If it had a bit more ‘kid running around’ area I might actually get excited about buying. Anyway, strategy is to continue researching and be patient. I think things may accelerate a bit.

[Anonymous]

cvhoverer

thanks SD Realtor. Wow, so how do you know what they owe? I guess this means they can’t go much lower. After closing costs and commissions they’ll be cutting it close before having to pay out to sell it.

It is against Del Mar Heights but they put in a nice tree barrier in the back plus it has a waterfall that muffles any noice. Didn’t notice much noice yesterday. If it had a bit more ‘kid running around’ area I might actually get excited about buying. Anyway, strategy is to continue researching and be patient. I think things may accelerate a bit.

[Coronita]

cvhoverer,

Um.. $812k for a 3bedroom/2.5 bath 1800sqft home even in Carmel Valley IS A RIP OFF imho. Plus it’s a 1989 home, which imho is kinda old for CV. Granted, it has a 6000sqft lot, BUT unless you’re not willing to trade off lot size for bedrooms, something in the 1700-1900sqft is selling around the low to mid $700k in Carmel Valley.

Here’s some links that you might find interesting. I’m not going to comment on the quality of the developments, because opinion varies. BUT, you need to look around.

Trilogy: 1818/3/2.5 $720k (small lots though tight)
http://sandiego.houserebate.com/search/homeview.asp?id=1602570&p3=-1&ix=10

Sands: 2177/3/2.5 $779k. Not bad, but not very upgraded.
Sands: 2135/4/2.5 $795-$825.
San Rafael: http://sandiego.houserebate.com/search/homeview.asp?id=1653081&p3=-1&ix=12
1952/3/2.5 $729k.
Has expensive HOA, but is a gated SFH community.

Sausalito:
http://sandiego.houserebate.com/search/homeview.asp?id=1638350&p3=-1&ix=13
1936/3/2.5 $729k
Personally, I’m not a fan of this complex, but its right across the street from Torrey Hills Elementary

And the listings go on and on.

Personally, I would wait.Put things in perspective for you. I purchased in 2004 when prices were high. But even so, we paid $850k for 2600sqft 5bedroom/3bath place in the older carmel valley (not the developments off of 56). If you bought this home, you’re a lot more for something a lot smaller, plus you’re also going to pay about 1% more on your mortgage than I am.

I’m expecting my home to fall to at least around $750k. There’s absolutely no reason why something 1800sqft on a 6000sqft lot should be this expensive imho.

[Coronita]

cvhoverer,

Um.. $812k for a 3bedroom/2.5 bath 1800sqft home even in Carmel Valley IS A RIP OFF imho. Plus it’s a 1989 home, which imho is kinda old for CV. Granted, it has a 6000sqft lot, BUT unless you’re not willing to trade off lot size for bedrooms, something in the 1700-1900sqft is selling around the low to mid $700k in Carmel Valley.

Here’s some links that you might find interesting. I’m not going to comment on the quality of the developments, because opinion varies. BUT, you need to look around.

Trilogy: 1818/3/2.5 $720k (small lots though tight)
http://sandiego.houserebate.com/search/homeview.asp?id=1602570&p3=-1&ix=10

Sands: 2177/3/2.5 $779k. Not bad, but not very upgraded.
Sands: 2135/4/2.5 $795-$825.
San Rafael: http://sandiego.houserebate.com/search/homeview.asp?id=1653081&p3=-1&ix=12
1952/3/2.5 $729k.
Has expensive HOA, but is a gated SFH community.

Sausalito:
http://sandiego.houserebate.com/search/homeview.asp?id=1638350&p3=-1&ix=13
1936/3/2.5 $729k
Personally, I’m not a fan of this complex, but its right across the street from Torrey Hills Elementary

And the listings go on and on.

Personally, I would wait.Put things in perspective for you. I purchased in 2004 when prices were high. But even so, we paid $850k for 2600sqft 5bedroom/3bath place in the older carmel valley (not the developments off of 56). If you bought this home, you’re a lot more for something a lot smaller, plus you’re also going to pay about 1% more on your mortgage than I am.

I’m expecting my home to fall to at least around $750k. There’s absolutely no reason why something 1800sqft on a 6000sqft lot should be this expensive imho.

[Author]

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