Why is San Diego real estate still so expensive?

[bearishgurl]

[quote=AN]Although there’s no guarantee what the school’s API will be 10-20 years from now, you can have a good estimate, based on it’s past history. Look back over the last 10 years and see if their API has been consistent. Then take a look at the community. Is there going to be a lot of new housings being built in the future? If so, what kind of housing? If you’re in a built out area, the likelihood of the demographic changing over the next 10-20 years is unlikely, especially if you’re in a more high end area.[/quote]

AN, can I ask you, if you live in the MMHS attendance area, are you confident that it will still have high API scores when your kids are ready to attend it? Is the MMHS attendance area “built out?” If not, what do you propose will be built there in the next ten years or so??

[an]

[quote=bearishgurl]
AN, can I ask you, if you live in the MMHS attendance area, are you confident that it will still have high API scores when your kids are ready to attend it? Is the MMHS attendance area “built out?” If not, what do you propose will be built there in the next ten years or so??[/quote]
I’m confident that MMHS will have similar API score when my kids go there as it does now. It had similar API score for the last 10 years. When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.

MMHS is not fully built out. They have plans to build more condos & townhouses behind Best Buy and the Vulcan area South of MM and North of Miramar. Depend on the type of condo/townhouse they’re building (target price), it might have a slight adverse effect, but we won’t know till more info about those developments get released.

[an]

[quote=bearishgurl]
AN, can I ask you, if you live in the MMHS attendance area, are you confident that it will still have high API scores when your kids are ready to attend it? Is the MMHS attendance area “built out?” If not, what do you propose will be built there in the next ten years or so??[/quote]
I’m confident that MMHS will have similar API score when my kids go there as it does now. It had similar API score for the last 10 years. When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.

MMHS is not fully built out. They have plans to build more condos & townhouses behind Best Buy and the Vulcan area South of MM and North of Miramar. Depend on the type of condo/townhouse they’re building (target price), it might have a slight adverse effect, but we won’t know till more info about those developments get released.

[an]

[quote=bearishgurl]
AN, can I ask you, if you live in the MMHS attendance area, are you confident that it will still have high API scores when your kids are ready to attend it? Is the MMHS attendance area “built out?” If not, what do you propose will be built there in the next ten years or so??[/quote]
I’m confident that MMHS will have similar API score when my kids go there as it does now. It had similar API score for the last 10 years. When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.

MMHS is not fully built out. They have plans to build more condos & townhouses behind Best Buy and the Vulcan area South of MM and North of Miramar. Depend on the type of condo/townhouse they’re building (target price), it might have a slight adverse effect, but we won’t know till more info about those developments get released.

[an]

[quote=bearishgurl]
AN, can I ask you, if you live in the MMHS attendance area, are you confident that it will still have high API scores when your kids are ready to attend it? Is the MMHS attendance area “built out?” If not, what do you propose will be built there in the next ten years or so??[/quote]
I’m confident that MMHS will have similar API score when my kids go there as it does now. It had similar API score for the last 10 years. When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.

MMHS is not fully built out. They have plans to build more condos & townhouses behind Best Buy and the Vulcan area South of MM and North of Miramar. Depend on the type of condo/townhouse they’re building (target price), it might have a slight adverse effect, but we won’t know till more info about those developments get released.

[an]

[quote=bearishgurl]
AN, can I ask you, if you live in the MMHS attendance area, are you confident that it will still have high API scores when your kids are ready to attend it? Is the MMHS attendance area “built out?” If not, what do you propose will be built there in the next ten years or so??[/quote]
I’m confident that MMHS will have similar API score when my kids go there as it does now. It had similar API score for the last 10 years. When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.

MMHS is not fully built out. They have plans to build more condos & townhouses behind Best Buy and the Vulcan area South of MM and North of Miramar. Depend on the type of condo/townhouse they’re building (target price), it might have a slight adverse effect, but we won’t know till more info about those developments get released.

[bearishgurl]

[quote=AN]. . . When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.[/quote]

Thank you, AN. It’s hard to say how future multi-family developments would would affect area schools’ API scores. As long as they’re not built specifically to be set aside for various low-income rental programs, the area school scores may not be affected at all.

I didn’t realize you grew up in the immediate area you purchased in. Therefore, I would classify you as a “homie” buyer purchasing on their own turf. You knew exactly what you were buying and know exactly where you are. Congratulations! And I mean that, sincerely :=]

[bearishgurl]

[quote=AN]. . . When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.[/quote]

Thank you, AN. It’s hard to say how future multi-family developments would would affect area schools’ API scores. As long as they’re not built specifically to be set aside for various low-income rental programs, the area school scores may not be affected at all.

I didn’t realize you grew up in the immediate area you purchased in. Therefore, I would classify you as a “homie” buyer purchasing on their own turf. You knew exactly what you were buying and know exactly where you are. Congratulations! And I mean that, sincerely :=]

[bearishgurl]

[quote=AN]. . . When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.[/quote]

Thank you, AN. It’s hard to say how future multi-family developments would would affect area schools’ API scores. As long as they’re not built specifically to be set aside for various low-income rental programs, the area school scores may not be affected at all.

I didn’t realize you grew up in the immediate area you purchased in. Therefore, I would classify you as a “homie” buyer purchasing on their own turf. You knew exactly what you were buying and know exactly where you are. Congratulations! And I mean that, sincerely :=]

[bearishgurl]

[quote=AN]. . . When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.[/quote]

Thank you, AN. It’s hard to say how future multi-family developments would would affect area schools’ API scores. As long as they’re not built specifically to be set aside for various low-income rental programs, the area school scores may not be affected at all.

I didn’t realize you grew up in the immediate area you purchased in. Therefore, I would classify you as a “homie” buyer purchasing on their own turf. You knew exactly what you were buying and know exactly where you are. Congratulations! And I mean that, sincerely :=]

[bearishgurl]

[quote=AN]. . . When I went there before that, we constantly had to fund-raise because we didn’t get enough funding from the district due to the fact that our test scores were among the top in SDUSD. The area behind Best Buy is currently feeding to both MMHS and SRHS right now. There are plenty of Condo/Townhouses there, so I’m not too worry about this new development.[/quote]

Thank you, AN. It’s hard to say how future multi-family developments would would affect area schools’ API scores. As long as they’re not built specifically to be set aside for various low-income rental programs, the area school scores may not be affected at all.

I didn’t realize you grew up in the immediate area you purchased in. Therefore, I would classify you as a “homie” buyer purchasing on their own turf. You knew exactly what you were buying and know exactly where you are. Congratulations! And I mean that, sincerely :=]

[Scarlett]

[quote=bearishgurl][quote=sdrealtor]What you are missing is that it is not just about finding the best schools for your kids. Equally as important is moving somewhere that the neighbors are likemided/care about the schools as much as you do and you find yourselves living among your peers. People want the best for their kids and themselves. The buyers willing and able to move into one of the trophy school districts find themselves hanging out with people more like them. That is what Scarlet was getting at in the other thread that seems to have slipped by you.[/quote][/quote]
Exactly. That’s exactly what I was trying to convey to BG. Granted, life is dynamic. So some people with kids may move out, but if we have good schools other people, more or less similar with kids will move in. People move out and people move in. But it’s highly unlikely that in a neighborhood (not just 1 block) more than half of the adult professionals with kids will move out in short time span – AND that no people with kids will move in.

[quote=bearishgurl] One can’t really buy property based upon a “perception” of who the neighbors are today and who they might be tomorrow. They’re not joining a country club. They’re purchasing a suitable residence for their family.[/quote]
One wouldn’t buy in a ghetto/gang area just because it’s cheap and close to work, even if it’s a very decent house, now would they? On the same token, those gang people may simply decide to move away,no?

[quote=bearishgurl]She stated she had been discounting it without considering it. Her “perception” was that UC was “too expensive.” Yet, she had been looking at comparably-priced properties in recent months that were >=16 mi away navigating 2-3 fwys. I’m not saying that Scarlett is “dumb,” far from it. But she is a “typical” parent-buyer. Without realizing it, this category of buyers has been known to purchase properties in inferior locations without truly considering what is actually on offer in an excellent location for them. It’s a pervasive buying mistake here and again, this preference seems to be generational. It did not exist before urban sprawl took a stronghold in this county.[/quote]

First of all, I have NOT ever discounted UC. I had co-workers in UC and loved their places and commute. However when I pull SDL listing of homes of 500K – maybe one or two come up every few months. And usually they are not that great, i.e. quite a few of the desirable features are missing, or it’s a lot of work (which we can’t afford). That IS still expensive FOR ME. In the mean time I can pull out many more listings like that in PQ, CMR or SR. You are saying it’s UC where I should buy. Yes I know I am buying only ONE house – which is why I keep my eye on MM and UC even with the very slim inventory in my price range. But I want to be happy with the house and if I really settle ONLY on UC I may have to wait a LOOOONG time before getting one I like.
PQ, SR, CMR, and west MM are not, by any means, inferior locations.

Also, another important factor – WORKPLACES CAN change, commutes can change. Why buy a house strictly on this one job’s location? I’d buy somewhere with good access to freeways and pretty central. I am not saying UC doesn’t fit that description, but others like PQ, MM, SR do too.

[Scarlett]

[quote=bearishgurl][quote=sdrealtor]What you are missing is that it is not just about finding the best schools for your kids. Equally as important is moving somewhere that the neighbors are likemided/care about the schools as much as you do and you find yourselves living among your peers. People want the best for their kids and themselves. The buyers willing and able to move into one of the trophy school districts find themselves hanging out with people more like them. That is what Scarlet was getting at in the other thread that seems to have slipped by you.[/quote][/quote]
Exactly. That’s exactly what I was trying to convey to BG. Granted, life is dynamic. So some people with kids may move out, but if we have good schools other people, more or less similar with kids will move in. People move out and people move in. But it’s highly unlikely that in a neighborhood (not just 1 block) more than half of the adult professionals with kids will move out in short time span – AND that no people with kids will move in.

[quote=bearishgurl] One can’t really buy property based upon a “perception” of who the neighbors are today and who they might be tomorrow. They’re not joining a country club. They’re purchasing a suitable residence for their family.[/quote]
One wouldn’t buy in a ghetto/gang area just because it’s cheap and close to work, even if it’s a very decent house, now would they? On the same token, those gang people may simply decide to move away,no?

[quote=bearishgurl]She stated she had been discounting it without considering it. Her “perception” was that UC was “too expensive.” Yet, she had been looking at comparably-priced properties in recent months that were >=16 mi away navigating 2-3 fwys. I’m not saying that Scarlett is “dumb,” far from it. But she is a “typical” parent-buyer. Without realizing it, this category of buyers has been known to purchase properties in inferior locations without truly considering what is actually on offer in an excellent location for them. It’s a pervasive buying mistake here and again, this preference seems to be generational. It did not exist before urban sprawl took a stronghold in this county.[/quote]

First of all, I have NOT ever discounted UC. I had co-workers in UC and loved their places and commute. However when I pull SDL listing of homes of 500K – maybe one or two come up every few months. And usually they are not that great, i.e. quite a few of the desirable features are missing, or it’s a lot of work (which we can’t afford). That IS still expensive FOR ME. In the mean time I can pull out many more listings like that in PQ, CMR or SR. You are saying it’s UC where I should buy. Yes I know I am buying only ONE house – which is why I keep my eye on MM and UC even with the very slim inventory in my price range. But I want to be happy with the house and if I really settle ONLY on UC I may have to wait a LOOOONG time before getting one I like.
PQ, SR, CMR, and west MM are not, by any means, inferior locations.

Also, another important factor – WORKPLACES CAN change, commutes can change. Why buy a house strictly on this one job’s location? I’d buy somewhere with good access to freeways and pretty central. I am not saying UC doesn’t fit that description, but others like PQ, MM, SR do too.

[Scarlett]

[quote=bearishgurl][quote=sdrealtor]What you are missing is that it is not just about finding the best schools for your kids. Equally as important is moving somewhere that the neighbors are likemided/care about the schools as much as you do and you find yourselves living among your peers. People want the best for their kids and themselves. The buyers willing and able to move into one of the trophy school districts find themselves hanging out with people more like them. That is what Scarlet was getting at in the other thread that seems to have slipped by you.[/quote][/quote]
Exactly. That’s exactly what I was trying to convey to BG. Granted, life is dynamic. So some people with kids may move out, but if we have good schools other people, more or less similar with kids will move in. People move out and people move in. But it’s highly unlikely that in a neighborhood (not just 1 block) more than half of the adult professionals with kids will move out in short time span – AND that no people with kids will move in.

[quote=bearishgurl] One can’t really buy property based upon a “perception” of who the neighbors are today and who they might be tomorrow. They’re not joining a country club. They’re purchasing a suitable residence for their family.[/quote]
One wouldn’t buy in a ghetto/gang area just because it’s cheap and close to work, even if it’s a very decent house, now would they? On the same token, those gang people may simply decide to move away,no?

[quote=bearishgurl]She stated she had been discounting it without considering it. Her “perception” was that UC was “too expensive.” Yet, she had been looking at comparably-priced properties in recent months that were >=16 mi away navigating 2-3 fwys. I’m not saying that Scarlett is “dumb,” far from it. But she is a “typical” parent-buyer. Without realizing it, this category of buyers has been known to purchase properties in inferior locations without truly considering what is actually on offer in an excellent location for them. It’s a pervasive buying mistake here and again, this preference seems to be generational. It did not exist before urban sprawl took a stronghold in this county.[/quote]

First of all, I have NOT ever discounted UC. I had co-workers in UC and loved their places and commute. However when I pull SDL listing of homes of 500K – maybe one or two come up every few months. And usually they are not that great, i.e. quite a few of the desirable features are missing, or it’s a lot of work (which we can’t afford). That IS still expensive FOR ME. In the mean time I can pull out many more listings like that in PQ, CMR or SR. You are saying it’s UC where I should buy. Yes I know I am buying only ONE house – which is why I keep my eye on MM and UC even with the very slim inventory in my price range. But I want to be happy with the house and if I really settle ONLY on UC I may have to wait a LOOOONG time before getting one I like.
PQ, SR, CMR, and west MM are not, by any means, inferior locations.

Also, another important factor – WORKPLACES CAN change, commutes can change. Why buy a house strictly on this one job’s location? I’d buy somewhere with good access to freeways and pretty central. I am not saying UC doesn’t fit that description, but others like PQ, MM, SR do too.

[Scarlett]

[quote=bearishgurl][quote=sdrealtor]What you are missing is that it is not just about finding the best schools for your kids. Equally as important is moving somewhere that the neighbors are likemided/care about the schools as much as you do and you find yourselves living among your peers. People want the best for their kids and themselves. The buyers willing and able to move into one of the trophy school districts find themselves hanging out with people more like them. That is what Scarlet was getting at in the other thread that seems to have slipped by you.[/quote][/quote]
Exactly. That’s exactly what I was trying to convey to BG. Granted, life is dynamic. So some people with kids may move out, but if we have good schools other people, more or less similar with kids will move in. People move out and people move in. But it’s highly unlikely that in a neighborhood (not just 1 block) more than half of the adult professionals with kids will move out in short time span – AND that no people with kids will move in.

[quote=bearishgurl] One can’t really buy property based upon a “perception” of who the neighbors are today and who they might be tomorrow. They’re not joining a country club. They’re purchasing a suitable residence for their family.[/quote]
One wouldn’t buy in a ghetto/gang area just because it’s cheap and close to work, even if it’s a very decent house, now would they? On the same token, those gang people may simply decide to move away,no?

[quote=bearishgurl]She stated she had been discounting it without considering it. Her “perception” was that UC was “too expensive.” Yet, she had been looking at comparably-priced properties in recent months that were >=16 mi away navigating 2-3 fwys. I’m not saying that Scarlett is “dumb,” far from it. But she is a “typical” parent-buyer. Without realizing it, this category of buyers has been known to purchase properties in inferior locations without truly considering what is actually on offer in an excellent location for them. It’s a pervasive buying mistake here and again, this preference seems to be generational. It did not exist before urban sprawl took a stronghold in this county.[/quote]

First of all, I have NOT ever discounted UC. I had co-workers in UC and loved their places and commute. However when I pull SDL listing of homes of 500K – maybe one or two come up every few months. And usually they are not that great, i.e. quite a few of the desirable features are missing, or it’s a lot of work (which we can’t afford). That IS still expensive FOR ME. In the mean time I can pull out many more listings like that in PQ, CMR or SR. You are saying it’s UC where I should buy. Yes I know I am buying only ONE house – which is why I keep my eye on MM and UC even with the very slim inventory in my price range. But I want to be happy with the house and if I really settle ONLY on UC I may have to wait a LOOOONG time before getting one I like.
PQ, SR, CMR, and west MM are not, by any means, inferior locations.

Also, another important factor – WORKPLACES CAN change, commutes can change. Why buy a house strictly on this one job’s location? I’d buy somewhere with good access to freeways and pretty central. I am not saying UC doesn’t fit that description, but others like PQ, MM, SR do too.

[Author]

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