Why I am leaving San Diego

[briansd1]

In many ways, I agree with you, jstoesz.

We are going down the road of Japan. It’s less painful in the short term.

[jstoesz]

[quote=flu][quote=bearishgurl][quote=jstoesz]Not that I am buying in Placerville, but this home is so cool. On some level, I love garish 60’s homes. The more over the top, the better!

http://www.redfin.com/CA/Placerville/880-Hidden-Way-95667/home/22363405
[/quote]

Wow, now that’s a lot of bang for the buck, jstoesz!! Maybe you SHOULD consider making an offer on it. Better see how your day-to-day commute pans out to/from East Sac first . . . lol!

I don’t think it’s garish. Luv all the picture windows and stone kitchen hearth. The accoustical ceiling with the dark beams is a little much, but this can be fixed. As can the few remaining aluminum sliders. And it’s downtown, to boot. Wonder if it’s walking distance to the locomotives and antique shops (similar to dtn La Mesa?? . . . lol!)

There’s more room there then you’ll probably ever need for a price you could never touch on the coast. And design galore to boot!!!

Have fun in Placerville, jstoesz! It’s truly a “different world” up there!![/quote]

I wouldn’t. you’re not planning to stay there a long time, you might not be able to rent it out with a + cash flow….Also, you have the significant other “factor” to consider since the decision most likely isn’t going to be exclusively yours.[/quote]

Yeah I am not even considering it. I just thought the house was ridiculously awesome and felt the need to share it. I seriously doubt we will be in Placerville long term, it is more of an extended adventure than a new home. And the decision is far from exclusively mine. I’d like to say decision is a collaboration, but on where we live, I think the wife usually and properly has more pull.

[jstoesz]

[quote=flu][quote=bearishgurl][quote=jstoesz]Not that I am buying in Placerville, but this home is so cool. On some level, I love garish 60’s homes. The more over the top, the better!

http://www.redfin.com/CA/Placerville/880-Hidden-Way-95667/home/22363405
[/quote]

Wow, now that’s a lot of bang for the buck, jstoesz!! Maybe you SHOULD consider making an offer on it. Better see how your day-to-day commute pans out to/from East Sac first . . . lol!

I don’t think it’s garish. Luv all the picture windows and stone kitchen hearth. The accoustical ceiling with the dark beams is a little much, but this can be fixed. As can the few remaining aluminum sliders. And it’s downtown, to boot. Wonder if it’s walking distance to the locomotives and antique shops (similar to dtn La Mesa?? . . . lol!)

There’s more room there then you’ll probably ever need for a price you could never touch on the coast. And design galore to boot!!!

Have fun in Placerville, jstoesz! It’s truly a “different world” up there!![/quote]

I wouldn’t. you’re not planning to stay there a long time, you might not be able to rent it out with a + cash flow….Also, you have the significant other “factor” to consider since the decision most likely isn’t going to be exclusively yours.[/quote]

Yeah I am not even considering it. I just thought the house was ridiculously awesome and felt the need to share it. I seriously doubt we will be in Placerville long term, it is more of an extended adventure than a new home. And the decision is far from exclusively mine. I’d like to say decision is a collaboration, but on where we live, I think the wife usually and properly has more pull.

[jstoesz]

[quote=flu][quote=bearishgurl][quote=jstoesz]Not that I am buying in Placerville, but this home is so cool. On some level, I love garish 60’s homes. The more over the top, the better!

http://www.redfin.com/CA/Placerville/880-Hidden-Way-95667/home/22363405
[/quote]

Wow, now that’s a lot of bang for the buck, jstoesz!! Maybe you SHOULD consider making an offer on it. Better see how your day-to-day commute pans out to/from East Sac first . . . lol!

I don’t think it’s garish. Luv all the picture windows and stone kitchen hearth. The accoustical ceiling with the dark beams is a little much, but this can be fixed. As can the few remaining aluminum sliders. And it’s downtown, to boot. Wonder if it’s walking distance to the locomotives and antique shops (similar to dtn La Mesa?? . . . lol!)

There’s more room there then you’ll probably ever need for a price you could never touch on the coast. And design galore to boot!!!

Have fun in Placerville, jstoesz! It’s truly a “different world” up there!![/quote]

I wouldn’t. you’re not planning to stay there a long time, you might not be able to rent it out with a + cash flow….Also, you have the significant other “factor” to consider since the decision most likely isn’t going to be exclusively yours.[/quote]

Yeah I am not even considering it. I just thought the house was ridiculously awesome and felt the need to share it. I seriously doubt we will be in Placerville long term, it is more of an extended adventure than a new home. And the decision is far from exclusively mine. I’d like to say decision is a collaboration, but on where we live, I think the wife usually and properly has more pull.

[jstoesz]

[quote=flu][quote=bearishgurl][quote=jstoesz]Not that I am buying in Placerville, but this home is so cool. On some level, I love garish 60’s homes. The more over the top, the better!

http://www.redfin.com/CA/Placerville/880-Hidden-Way-95667/home/22363405
[/quote]

Wow, now that’s a lot of bang for the buck, jstoesz!! Maybe you SHOULD consider making an offer on it. Better see how your day-to-day commute pans out to/from East Sac first . . . lol!

I don’t think it’s garish. Luv all the picture windows and stone kitchen hearth. The accoustical ceiling with the dark beams is a little much, but this can be fixed. As can the few remaining aluminum sliders. And it’s downtown, to boot. Wonder if it’s walking distance to the locomotives and antique shops (similar to dtn La Mesa?? . . . lol!)

There’s more room there then you’ll probably ever need for a price you could never touch on the coast. And design galore to boot!!!

Have fun in Placerville, jstoesz! It’s truly a “different world” up there!![/quote]

I wouldn’t. you’re not planning to stay there a long time, you might not be able to rent it out with a + cash flow….Also, you have the significant other “factor” to consider since the decision most likely isn’t going to be exclusively yours.[/quote]

Yeah I am not even considering it. I just thought the house was ridiculously awesome and felt the need to share it. I seriously doubt we will be in Placerville long term, it is more of an extended adventure than a new home. And the decision is far from exclusively mine. I’d like to say decision is a collaboration, but on where we live, I think the wife usually and properly has more pull.

[jstoesz]

[quote=flu][quote=bearishgurl][quote=jstoesz]Not that I am buying in Placerville, but this home is so cool. On some level, I love garish 60’s homes. The more over the top, the better!

http://www.redfin.com/CA/Placerville/880-Hidden-Way-95667/home/22363405
[/quote]

Wow, now that’s a lot of bang for the buck, jstoesz!! Maybe you SHOULD consider making an offer on it. Better see how your day-to-day commute pans out to/from East Sac first . . . lol!

I don’t think it’s garish. Luv all the picture windows and stone kitchen hearth. The accoustical ceiling with the dark beams is a little much, but this can be fixed. As can the few remaining aluminum sliders. And it’s downtown, to boot. Wonder if it’s walking distance to the locomotives and antique shops (similar to dtn La Mesa?? . . . lol!)

There’s more room there then you’ll probably ever need for a price you could never touch on the coast. And design galore to boot!!!

Have fun in Placerville, jstoesz! It’s truly a “different world” up there!![/quote]

I wouldn’t. you’re not planning to stay there a long time, you might not be able to rent it out with a + cash flow….Also, you have the significant other “factor” to consider since the decision most likely isn’t going to be exclusively yours.[/quote]

Yeah I am not even considering it. I just thought the house was ridiculously awesome and felt the need to share it. I seriously doubt we will be in Placerville long term, it is more of an extended adventure than a new home. And the decision is far from exclusively mine. I’d like to say decision is a collaboration, but on where we live, I think the wife usually and properly has more pull.

[jstoesz]

[quote=briansd1]In many ways, I agree with you, jstoesz.

We are going down the road of Japan. It’s less painful in the short term.[/quote]

Without a doubt it is less painful. And it is also possible our economy would never have survived. I doubt it, because the people saying it would have been bankrupt, and instead got the cheese. But it is possible, we would have turned into Iceland…

[jstoesz]

[quote=briansd1]In many ways, I agree with you, jstoesz.

We are going down the road of Japan. It’s less painful in the short term.[/quote]

Without a doubt it is less painful. And it is also possible our economy would never have survived. I doubt it, because the people saying it would have been bankrupt, and instead got the cheese. But it is possible, we would have turned into Iceland…

[jstoesz]

[quote=briansd1]In many ways, I agree with you, jstoesz.

We are going down the road of Japan. It’s less painful in the short term.[/quote]

Without a doubt it is less painful. And it is also possible our economy would never have survived. I doubt it, because the people saying it would have been bankrupt, and instead got the cheese. But it is possible, we would have turned into Iceland…

[jstoesz]

[quote=briansd1]In many ways, I agree with you, jstoesz.

We are going down the road of Japan. It’s less painful in the short term.[/quote]

Without a doubt it is less painful. And it is also possible our economy would never have survived. I doubt it, because the people saying it would have been bankrupt, and instead got the cheese. But it is possible, we would have turned into Iceland…

[jstoesz]

[quote=briansd1]In many ways, I agree with you, jstoesz.

We are going down the road of Japan. It’s less painful in the short term.[/quote]

Without a doubt it is less painful. And it is also possible our economy would never have survived. I doubt it, because the people saying it would have been bankrupt, and instead got the cheese. But it is possible, we would have turned into Iceland…

[bearishgurl]

[quote=jpinpb][quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.[/quote]

Ladies, I understand your frustration with the local market being artificially “propped up.” I believe this is true for MOST of the county. But there are niche markets in this county which have a high incidence of cash buyers, many foreign. Whether they are purchasing a principal residence, a residence for relatives or a vacation residence isn’t important here. Yes, these buyers DO look at recent sold comps before making an offer but there is ONLY ONE DM property available which has its own rock sauna, for example, that they are considering placing an offer on. When buyers with $$ see a certain design or amenities they are looking for in a VERY SPECIFIC locale, they often buy it! Government intervention has no effect on this type of buyer, especially foreign buyers who typically cannot avail themselves of US mortgage loans.

The value of RE in certain CA coastal locales will always be exempt from “fundamentals” simply by virtue of their highly-desireable locations which usually cannot be replicated within the same county. As a consequence, even “fixers” might be cost-prohibitive, as well, when located in that same immediate locale. Brian is right . . . may the best buyer win. It has nothing to do with what a hardworking American deserves and everything to do with the Darwinian method at work . . . in its finest form :=}

[bearishgurl]

[quote=jpinpb][quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.[/quote]

Ladies, I understand your frustration with the local market being artificially “propped up.” I believe this is true for MOST of the county. But there are niche markets in this county which have a high incidence of cash buyers, many foreign. Whether they are purchasing a principal residence, a residence for relatives or a vacation residence isn’t important here. Yes, these buyers DO look at recent sold comps before making an offer but there is ONLY ONE DM property available which has its own rock sauna, for example, that they are considering placing an offer on. When buyers with $$ see a certain design or amenities they are looking for in a VERY SPECIFIC locale, they often buy it! Government intervention has no effect on this type of buyer, especially foreign buyers who typically cannot avail themselves of US mortgage loans.

The value of RE in certain CA coastal locales will always be exempt from “fundamentals” simply by virtue of their highly-desireable locations which usually cannot be replicated within the same county. As a consequence, even “fixers” might be cost-prohibitive, as well, when located in that same immediate locale. Brian is right . . . may the best buyer win. It has nothing to do with what a hardworking American deserves and everything to do with the Darwinian method at work . . . in its finest form :=}

[bearishgurl]

[quote=jpinpb][quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.[/quote]

Ladies, I understand your frustration with the local market being artificially “propped up.” I believe this is true for MOST of the county. But there are niche markets in this county which have a high incidence of cash buyers, many foreign. Whether they are purchasing a principal residence, a residence for relatives or a vacation residence isn’t important here. Yes, these buyers DO look at recent sold comps before making an offer but there is ONLY ONE DM property available which has its own rock sauna, for example, that they are considering placing an offer on. When buyers with $$ see a certain design or amenities they are looking for in a VERY SPECIFIC locale, they often buy it! Government intervention has no effect on this type of buyer, especially foreign buyers who typically cannot avail themselves of US mortgage loans.

The value of RE in certain CA coastal locales will always be exempt from “fundamentals” simply by virtue of their highly-desireable locations which usually cannot be replicated within the same county. As a consequence, even “fixers” might be cost-prohibitive, as well, when located in that same immediate locale. Brian is right . . . may the best buyer win. It has nothing to do with what a hardworking American deserves and everything to do with the Darwinian method at work . . . in its finest form :=}

[bearishgurl]

[quote=jpinpb][quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.[/quote]

Ladies, I understand your frustration with the local market being artificially “propped up.” I believe this is true for MOST of the county. But there are niche markets in this county which have a high incidence of cash buyers, many foreign. Whether they are purchasing a principal residence, a residence for relatives or a vacation residence isn’t important here. Yes, these buyers DO look at recent sold comps before making an offer but there is ONLY ONE DM property available which has its own rock sauna, for example, that they are considering placing an offer on. When buyers with $$ see a certain design or amenities they are looking for in a VERY SPECIFIC locale, they often buy it! Government intervention has no effect on this type of buyer, especially foreign buyers who typically cannot avail themselves of US mortgage loans.

The value of RE in certain CA coastal locales will always be exempt from “fundamentals” simply by virtue of their highly-desireable locations which usually cannot be replicated within the same county. As a consequence, even “fixers” might be cost-prohibitive, as well, when located in that same immediate locale. Brian is right . . . may the best buyer win. It has nothing to do with what a hardworking American deserves and everything to do with the Darwinian method at work . . . in its finest form :=}

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