Why is Point Loma so expensive?

[sdrealtor]

I guess it’s been covered but Pt Loma is expensive because its not Texas or Sacto.

[jficquette]

[quote=SD Realtor]Lots of old money in Pt Loma. It will come down eventually. In fact it already has dropped some. Be patient and let it come to you otherwise it will frustrate you alot. [/quote]

I would guess the old money houses there will be handed down to their kids rather then sold before hand.

John

[jficquette]

[quote=SD Realtor]Lots of old money in Pt Loma. It will come down eventually. In fact it already has dropped some. Be patient and let it come to you otherwise it will frustrate you alot. [/quote]

I would guess the old money houses there will be handed down to their kids rather then sold before hand.

John

[jficquette]

[quote=SD Realtor]Lots of old money in Pt Loma. It will come down eventually. In fact it already has dropped some. Be patient and let it come to you otherwise it will frustrate you alot. [/quote]

I would guess the old money houses there will be handed down to their kids rather then sold before hand.

John

[jficquette]

[quote=SD Realtor]Lots of old money in Pt Loma. It will come down eventually. In fact it already has dropped some. Be patient and let it come to you otherwise it will frustrate you alot. [/quote]

I would guess the old money houses there will be handed down to their kids rather then sold before hand.

John

[jficquette]

[quote=SD Realtor]Lots of old money in Pt Loma. It will come down eventually. In fact it already has dropped some. Be patient and let it come to you otherwise it will frustrate you alot. [/quote]

I would guess the old money houses there will be handed down to their kids rather then sold before hand.

John

[SD Realtor]

Could be John. I have posted my opinions before about the dichotomy of old money verses new money neighborhoods. In an environment where you have two similar runups but one is say a Pt Loma verses perhaps a Carmel Valley or Santa Luz naturally I would put a slower decline in Pt Loma. One of the factors is one you pointed out or to broaden the scope, the sellers are probably suited with many other options rather then having to sell. I would also anticipate a higher volume of speculation occurred in the newer areas. Looking at the number of broker or realtor owned homes is staggering in these new areas. So yeah there is no doubt in my mind that there will be more foreclosures and such distress in the newer areas. It is not say classic Pt Loma will not or has not come down because it will. I just don’t believe it will be as fast as many people want nor as grand of a scale as people want.

[SD Realtor]

Could be John. I have posted my opinions before about the dichotomy of old money verses new money neighborhoods. In an environment where you have two similar runups but one is say a Pt Loma verses perhaps a Carmel Valley or Santa Luz naturally I would put a slower decline in Pt Loma. One of the factors is one you pointed out or to broaden the scope, the sellers are probably suited with many other options rather then having to sell. I would also anticipate a higher volume of speculation occurred in the newer areas. Looking at the number of broker or realtor owned homes is staggering in these new areas. So yeah there is no doubt in my mind that there will be more foreclosures and such distress in the newer areas. It is not say classic Pt Loma will not or has not come down because it will. I just don’t believe it will be as fast as many people want nor as grand of a scale as people want.

[SD Realtor]

Could be John. I have posted my opinions before about the dichotomy of old money verses new money neighborhoods. In an environment where you have two similar runups but one is say a Pt Loma verses perhaps a Carmel Valley or Santa Luz naturally I would put a slower decline in Pt Loma. One of the factors is one you pointed out or to broaden the scope, the sellers are probably suited with many other options rather then having to sell. I would also anticipate a higher volume of speculation occurred in the newer areas. Looking at the number of broker or realtor owned homes is staggering in these new areas. So yeah there is no doubt in my mind that there will be more foreclosures and such distress in the newer areas. It is not say classic Pt Loma will not or has not come down because it will. I just don’t believe it will be as fast as many people want nor as grand of a scale as people want.

[SD Realtor]

Could be John. I have posted my opinions before about the dichotomy of old money verses new money neighborhoods. In an environment where you have two similar runups but one is say a Pt Loma verses perhaps a Carmel Valley or Santa Luz naturally I would put a slower decline in Pt Loma. One of the factors is one you pointed out or to broaden the scope, the sellers are probably suited with many other options rather then having to sell. I would also anticipate a higher volume of speculation occurred in the newer areas. Looking at the number of broker or realtor owned homes is staggering in these new areas. So yeah there is no doubt in my mind that there will be more foreclosures and such distress in the newer areas. It is not say classic Pt Loma will not or has not come down because it will. I just don’t believe it will be as fast as many people want nor as grand of a scale as people want.

[SD Realtor]

Could be John. I have posted my opinions before about the dichotomy of old money verses new money neighborhoods. In an environment where you have two similar runups but one is say a Pt Loma verses perhaps a Carmel Valley or Santa Luz naturally I would put a slower decline in Pt Loma. One of the factors is one you pointed out or to broaden the scope, the sellers are probably suited with many other options rather then having to sell. I would also anticipate a higher volume of speculation occurred in the newer areas. Looking at the number of broker or realtor owned homes is staggering in these new areas. So yeah there is no doubt in my mind that there will be more foreclosures and such distress in the newer areas. It is not say classic Pt Loma will not or has not come down because it will. I just don’t believe it will be as fast as many people want nor as grand of a scale as people want.

[Eugene]

Conversely, people in old money neighborhoods can afford to lower their prices, because, by and large, they have lots of equity.

Pt Loma can only come down if there’s a shortage of buyers because they find better deals elsewhere. Declines in old-money neighborhoods will probably trail comparable new-money neighborhoods.

[Eugene]

Conversely, people in old money neighborhoods can afford to lower their prices, because, by and large, they have lots of equity.

Pt Loma can only come down if there’s a shortage of buyers because they find better deals elsewhere. Declines in old-money neighborhoods will probably trail comparable new-money neighborhoods.

[Eugene]

Conversely, people in old money neighborhoods can afford to lower their prices, because, by and large, they have lots of equity.

Pt Loma can only come down if there’s a shortage of buyers because they find better deals elsewhere. Declines in old-money neighborhoods will probably trail comparable new-money neighborhoods.

[Eugene]

Conversely, people in old money neighborhoods can afford to lower their prices, because, by and large, they have lots of equity.

Pt Loma can only come down if there’s a shortage of buyers because they find better deals elsewhere. Declines in old-money neighborhoods will probably trail comparable new-money neighborhoods.

[Author]

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