WHY?

[ocrenter]

Who would build a 9300 sqft mansion on a triangular lot bordered by the 5 fwy, railroad track for Amtrak and Metrolink, and power lines?

Was asking for $3.5 million, now discounted to $2 mil!

https://www.redfin.com/CA/San-Juan-Capistrano/Hidden-Creek-Dr-92675/home/143912715?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

[svelte]

While that is the worst home of the bunch, there are 7 other homes on that little strip of land, all brand new in an HOA. That someone talked a lender into that is amazing.

None of them have sales records that I could find, but some of them look like someone lives there. All very curious.

Those will be fun to watch!

[Coronita]

I’ll offer $199,999.99

[sdrealtor]

Future Pigg Playhouse?

[evolusd]

DOT for $1.6M by private party on this parcel. What a bust.

[svelte]

[quote=evolusd]DOT for $1.6M by private party on this parcel. What a bust.[/quote]

Is that for the one house or all 8 in the HOA?

[ocrenter]

[quote=sdrealtor]Future Pigg Playhouse?[/quote]

The realtor did say “Possibilities for a Senior Home Care…” 😉

[sdrealtor]

[quote=ocrenter][quote=sdrealtor]Future Pigg Playhouse?[/quote]

The realtor did say “Possibilities for a Senior Home Care…” ;-)[/quote]

Hey you! Get off my damn lawn

[ocrenter]

[quote=sdrealtor][quote=ocrenter][quote=sdrealtor]Future Pigg Playhouse?[/quote]

The realtor did say “Possibilities for a Senior Home Care…” ;-)[/quote]

Hey you! Get off my damn lawn[/quote]

Or in this case, get off my railroad track!

[svelte]

You can tell you’re a lawyer, scaredy – you can sell anything!

I tend to dislike background noise, whether it be a road, train, or other. I like nice quiet morning where all I hear are birds. And I have that at my house.

On the other hand, if I’m just visiting (hotel, etc) highway noise is just fine and actually acts as white noise to help me sleep.

Trains. My son’s first college apt was right up against RR tracks. I remember the first time we visited. it was like that scene in Blues Brothers where the entire apt shook. He saw the fear in our eyes as the train went by. He and his roommates smiled and shrugged. Didn’t bother them.

To each their own.

My parents moved after I left home to a house that backed up against a highway. It was extremely noisy in their back yard. If that was OK with them, fine. But they also had a layer of filth that would cover everything in the back yard. You could clean it off and within a day or two it would be back. I believe it was tire particles and brake dust and I think studies show that to be the case in the immediate vicinity of major roadways. My mother died of cancer while living in that house. I always wonder if that would have happened had they picked another house.

When we bought our first new home, we toured the models of the development and then sat down with the agent to pick a lot. I noticed that one home was significantly more expensive than the others for no reason I could tell. I asked the agent why that was. She said because there were no homes behind it. I said, “yeah that’s because it backs up to a FOUR LANE ROAD!”. She just smiled. I think she agreed with my perspective.

[scaredyclassic]

Theres no way in hell id live next to a freeway.

I could live with the train.

We almost bought a place with power lines in the yard. So cheap. I really wanted it but my wife was freaked out. On balance, probably better we passed tho i was sad at the time. Because it was so cheap!!!

[scaredyclassic]

The sound of a train is soothing. Its beautiful. You know the johnny cash song, folsom prison blues. Beautiful. When i hear that lonesome whistle, i hang my head and cry. The train will become like another member of the family. Beautiful meditative rhythm. It will be so integrated, soon it wont even be noticed, except perhaps in the stillness of the night, drinking a glass of port on the back patio, youll think, that is a gorgeous sound, the sound of life moving forward. Tell your kids its thomas the tank engine theyll love it too

The freeway traffic hums you to sleep. Thats true. Ask anyone near a freeway. It seems bad, but its actually a positive . Obviously also good freeway access increases the value of your home.

Power lines are safe. Ill get you the science to back it up. Power lines are a good thing, they scare away dumb people who normally bid too high!

Ppsf is low. A steal! You will not find another place this gorgeous at 214 a square foot.

Ive never wanted to be a real estate agent but i have an urge to try and sell this house. Many lawyers are basically salesmen, but i generally prefer trafficking in ideas, not dirt. This place though, needs a real advocate. At the right price i might buy it.

I have friends in nyc who lived right next to roaring elevated subway traffinic. And they were happy to be there!

Its a gorgeous building in a beautiful county that everyone in the world wants to live in, who believe me live next to actually hortible things, not signs of a good civilization, like trains, but real nastiness, its being given away at less than cost to build! You cannot lose in the long run with a property like this. You look into the future youll see too, the quote unquote negatives on this place are net positives, youll double, triple your money 20 years out and you will live in paradise! Your home will basically cost you nothing to live in.

[Coronita]

I am going to wait for a below 2% 30 year at no cost no fee. I have a feeling it’s coming.

Ideally we will see a slight housing correction along with a continued decline of mortgage rates. I’m not holding my breath but one can dream.

[sdrealtor]

Have a client in escrow with VA loan. It’s 2.25%. We aren’t far off

[scaredyclassic]

one of the beautiful things about the lockdown was just the clean air, the cessation of consumption for consumptions sake, the brakes on capitalism. Could low rates be a similar event? There is nowhere for money to grow, except in its own supply, more of it, to try to entice people to grow and consume, but no, they’ve had enough? or is it justa temporary blip? At 2.% on the 30, figure the 15 year might be 1.625, buy it down with a couple points to below 1%. Sign me u p for that deal. i too feel that there’s at least a 50% chance that comes our way, within the next 120 days

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