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Viewing 15 posts - 16 through 30 (of 121 total)
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  • March 22, 2008 at 12:24 PM #175173
    woodrow
    Participant

    I’m a renter in OB waiting for prices to fall in hopes of finding a 3br, 2bth SFR for 400k or less. I’m absolutely blow away by the asking prices in both 92107 and 92106. As the original poster mentioned, anything livable is 500k+ at this point, with nicer homes on the hill or south of Newport 800k+.

    I know there are some fairly wealthy folks in the Sunset Cliffs area and in the Point Loma hills, I can’t believe that young professionals making 150K+ salaries are buying 2bd, 1bth, 800 sq ft homes for 500k plus.

    I absolutely love the OB/Pt Loma area, but am getting a bit frustrated watching homes in other areas freefall while homes here are only slowly trending down.

    March 22, 2008 at 3:26 PM #174741
    mixxalot
    Participant

    Patience is what we need

    I am saving up toward a 20% down payment and have good credit. Hopefully prices will fall in next few years so that I can buy a small townhome in either OB or PB. I like these areas as a single professional guy its fun to hang out and live close to the beach and nubile 20-something beach babes. I could buy in some inland area like Poway or RB but besides the fire risk it would take me a lot of time to drive to have fun on weekends. If I had a family, I’d probably buy a foreclosure in Escondido or Poway but for time being will wait this one out.

    March 22, 2008 at 3:26 PM #175093
    mixxalot
    Participant

    Patience is what we need

    I am saving up toward a 20% down payment and have good credit. Hopefully prices will fall in next few years so that I can buy a small townhome in either OB or PB. I like these areas as a single professional guy its fun to hang out and live close to the beach and nubile 20-something beach babes. I could buy in some inland area like Poway or RB but besides the fire risk it would take me a lot of time to drive to have fun on weekends. If I had a family, I’d probably buy a foreclosure in Escondido or Poway but for time being will wait this one out.

    March 22, 2008 at 3:26 PM #175095
    mixxalot
    Participant

    Patience is what we need

    I am saving up toward a 20% down payment and have good credit. Hopefully prices will fall in next few years so that I can buy a small townhome in either OB or PB. I like these areas as a single professional guy its fun to hang out and live close to the beach and nubile 20-something beach babes. I could buy in some inland area like Poway or RB but besides the fire risk it would take me a lot of time to drive to have fun on weekends. If I had a family, I’d probably buy a foreclosure in Escondido or Poway but for time being will wait this one out.

    March 22, 2008 at 3:26 PM #175106
    mixxalot
    Participant

    Patience is what we need

    I am saving up toward a 20% down payment and have good credit. Hopefully prices will fall in next few years so that I can buy a small townhome in either OB or PB. I like these areas as a single professional guy its fun to hang out and live close to the beach and nubile 20-something beach babes. I could buy in some inland area like Poway or RB but besides the fire risk it would take me a lot of time to drive to have fun on weekends. If I had a family, I’d probably buy a foreclosure in Escondido or Poway but for time being will wait this one out.

    March 22, 2008 at 3:26 PM #175194
    mixxalot
    Participant

    Patience is what we need

    I am saving up toward a 20% down payment and have good credit. Hopefully prices will fall in next few years so that I can buy a small townhome in either OB or PB. I like these areas as a single professional guy its fun to hang out and live close to the beach and nubile 20-something beach babes. I could buy in some inland area like Poway or RB but besides the fire risk it would take me a lot of time to drive to have fun on weekends. If I had a family, I’d probably buy a foreclosure in Escondido or Poway but for time being will wait this one out.

    March 22, 2008 at 4:42 PM #174786
    SD Realtor
    Participant

    Mixx I spent the majority of my 20’s in south mission. Pretty much it is unbeatable. Your strategy is sound my friend.

    To others…. it really is not worth your time getting all foamy at the mouth trying to figure out why people buy and why certain areas have not come down yet. Trying to figure out why people do what you would not do just is not worth the time. Check back in a few years and you should see some good results as long as we haven’t totally socialized housing.

    SD Realtor

    March 22, 2008 at 4:42 PM #175139
    SD Realtor
    Participant

    Mixx I spent the majority of my 20’s in south mission. Pretty much it is unbeatable. Your strategy is sound my friend.

    To others…. it really is not worth your time getting all foamy at the mouth trying to figure out why people buy and why certain areas have not come down yet. Trying to figure out why people do what you would not do just is not worth the time. Check back in a few years and you should see some good results as long as we haven’t totally socialized housing.

    SD Realtor

    March 22, 2008 at 4:42 PM #175142
    SD Realtor
    Participant

    Mixx I spent the majority of my 20’s in south mission. Pretty much it is unbeatable. Your strategy is sound my friend.

    To others…. it really is not worth your time getting all foamy at the mouth trying to figure out why people buy and why certain areas have not come down yet. Trying to figure out why people do what you would not do just is not worth the time. Check back in a few years and you should see some good results as long as we haven’t totally socialized housing.

    SD Realtor

    March 22, 2008 at 4:42 PM #175152
    SD Realtor
    Participant

    Mixx I spent the majority of my 20’s in south mission. Pretty much it is unbeatable. Your strategy is sound my friend.

    To others…. it really is not worth your time getting all foamy at the mouth trying to figure out why people buy and why certain areas have not come down yet. Trying to figure out why people do what you would not do just is not worth the time. Check back in a few years and you should see some good results as long as we haven’t totally socialized housing.

    SD Realtor

    March 22, 2008 at 4:42 PM #175239
    SD Realtor
    Participant

    Mixx I spent the majority of my 20’s in south mission. Pretty much it is unbeatable. Your strategy is sound my friend.

    To others…. it really is not worth your time getting all foamy at the mouth trying to figure out why people buy and why certain areas have not come down yet. Trying to figure out why people do what you would not do just is not worth the time. Check back in a few years and you should see some good results as long as we haven’t totally socialized housing.

    SD Realtor

    March 22, 2008 at 4:43 PM #174796
    EconProf
    Participant

    BobS
    Ah, OB. Yes, it is incredibly over priced…always has been too. And it always will be.
    It’s all about location and atmosphere. It sure isn’t about the funky, falling down shacks.
    Apparently, enough people have always liked it’s advantages to keep the prices high despite the structures. That’s the verdict of the market. Rents are outrageous as well. Always will be too.

    March 22, 2008 at 4:43 PM #175149
    EconProf
    Participant

    BobS
    Ah, OB. Yes, it is incredibly over priced…always has been too. And it always will be.
    It’s all about location and atmosphere. It sure isn’t about the funky, falling down shacks.
    Apparently, enough people have always liked it’s advantages to keep the prices high despite the structures. That’s the verdict of the market. Rents are outrageous as well. Always will be too.

    March 22, 2008 at 4:43 PM #175150
    EconProf
    Participant

    BobS
    Ah, OB. Yes, it is incredibly over priced…always has been too. And it always will be.
    It’s all about location and atmosphere. It sure isn’t about the funky, falling down shacks.
    Apparently, enough people have always liked it’s advantages to keep the prices high despite the structures. That’s the verdict of the market. Rents are outrageous as well. Always will be too.

    March 22, 2008 at 4:43 PM #175161
    EconProf
    Participant

    BobS
    Ah, OB. Yes, it is incredibly over priced…always has been too. And it always will be.
    It’s all about location and atmosphere. It sure isn’t about the funky, falling down shacks.
    Apparently, enough people have always liked it’s advantages to keep the prices high despite the structures. That’s the verdict of the market. Rents are outrageous as well. Always will be too.

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