Why is San Diego real estate still so expensive?

[sdrealtor]

One word….APARTMENTS

[CA renter]

That’s true, but I’ve also seen apartments asking higher rents than SFHs in the same area. That was the case when we were looking to rent in 2004 — 3 BR apartments (the large, coroporate types) were asking for higher rents than what we ended up getting our 4/2 SFH for. It’s crazy.

[CA renter]

That’s true, but I’ve also seen apartments asking higher rents than SFHs in the same area. That was the case when we were looking to rent in 2004 — 3 BR apartments (the large, coroporate types) were asking for higher rents than what we ended up getting our 4/2 SFH for. It’s crazy.

[CA renter]

That’s true, but I’ve also seen apartments asking higher rents than SFHs in the same area. That was the case when we were looking to rent in 2004 — 3 BR apartments (the large, coroporate types) were asking for higher rents than what we ended up getting our 4/2 SFH for. It’s crazy.

[CA renter]

That’s true, but I’ve also seen apartments asking higher rents than SFHs in the same area. That was the case when we were looking to rent in 2004 — 3 BR apartments (the large, coroporate types) were asking for higher rents than what we ended up getting our 4/2 SFH for. It’s crazy.

[CA renter]

That’s true, but I’ve also seen apartments asking higher rents than SFHs in the same area. That was the case when we were looking to rent in 2004 — 3 BR apartments (the large, coroporate types) were asking for higher rents than what we ended up getting our 4/2 SFH for. It’s crazy.

[permabear]

sdr, AN,

First off, I’m well aware of all those homes. I’ve been in most of them. The thing about Stonebridge is it has high MR and it is quite a ways out East. It’s a good 15 min from the freeway. Very different than SR proper. Plus I don’t want 5000 sq ft.

I’m looking for around 3500 sq ft, and South of Pomerado is starting to have possibilities. That $929k is a disaster, needs $200k of work (gross inside) plus it’s right on Pomerado Rd. The pics make it look habitable but it’s not.

Rolling Hills is interesting, it’s a little pocket of 92064 right next to 92131, and they’re all 1/2 acre lots. Because of the zipcode thing, it doesn’t show up on naive searches, so you can get some deals. We were contemplating putting an offer in on this home, a nice one story with pool on a beautiful lot:

http://www.redfin.com/CA/Poway/11730-Creek-Bluff-Dr-92064/home/4836969

The problem is it was owned by a smoker and reeks. Don’t tell me “new carpet, new paint” – my parents bought an ex-smoker house and after gutting the entire thing: paint, flooring, vent and pipes, furnace, it STILL smells like smoke.

I look at MLS listings OCD-style multiple times every day. It’s not that I’m unaware of the inventory. I just don’t see anything that makes me want to devote $200k+ down payment plus $5500/month. Maybe I’m just too conservative. My appetite for risk is disappearing entirely as I get older.

[permabear]

sdr, AN,

First off, I’m well aware of all those homes. I’ve been in most of them. The thing about Stonebridge is it has high MR and it is quite a ways out East. It’s a good 15 min from the freeway. Very different than SR proper. Plus I don’t want 5000 sq ft.

I’m looking for around 3500 sq ft, and South of Pomerado is starting to have possibilities. That $929k is a disaster, needs $200k of work (gross inside) plus it’s right on Pomerado Rd. The pics make it look habitable but it’s not.

Rolling Hills is interesting, it’s a little pocket of 92064 right next to 92131, and they’re all 1/2 acre lots. Because of the zipcode thing, it doesn’t show up on naive searches, so you can get some deals. We were contemplating putting an offer in on this home, a nice one story with pool on a beautiful lot:

http://www.redfin.com/CA/Poway/11730-Creek-Bluff-Dr-92064/home/4836969

The problem is it was owned by a smoker and reeks. Don’t tell me “new carpet, new paint” – my parents bought an ex-smoker house and after gutting the entire thing: paint, flooring, vent and pipes, furnace, it STILL smells like smoke.

I look at MLS listings OCD-style multiple times every day. It’s not that I’m unaware of the inventory. I just don’t see anything that makes me want to devote $200k+ down payment plus $5500/month. Maybe I’m just too conservative. My appetite for risk is disappearing entirely as I get older.

[permabear]

sdr, AN,

First off, I’m well aware of all those homes. I’ve been in most of them. The thing about Stonebridge is it has high MR and it is quite a ways out East. It’s a good 15 min from the freeway. Very different than SR proper. Plus I don’t want 5000 sq ft.

I’m looking for around 3500 sq ft, and South of Pomerado is starting to have possibilities. That $929k is a disaster, needs $200k of work (gross inside) plus it’s right on Pomerado Rd. The pics make it look habitable but it’s not.

Rolling Hills is interesting, it’s a little pocket of 92064 right next to 92131, and they’re all 1/2 acre lots. Because of the zipcode thing, it doesn’t show up on naive searches, so you can get some deals. We were contemplating putting an offer in on this home, a nice one story with pool on a beautiful lot:

http://www.redfin.com/CA/Poway/11730-Creek-Bluff-Dr-92064/home/4836969

The problem is it was owned by a smoker and reeks. Don’t tell me “new carpet, new paint” – my parents bought an ex-smoker house and after gutting the entire thing: paint, flooring, vent and pipes, furnace, it STILL smells like smoke.

I look at MLS listings OCD-style multiple times every day. It’s not that I’m unaware of the inventory. I just don’t see anything that makes me want to devote $200k+ down payment plus $5500/month. Maybe I’m just too conservative. My appetite for risk is disappearing entirely as I get older.

[permabear]

sdr, AN,

First off, I’m well aware of all those homes. I’ve been in most of them. The thing about Stonebridge is it has high MR and it is quite a ways out East. It’s a good 15 min from the freeway. Very different than SR proper. Plus I don’t want 5000 sq ft.

I’m looking for around 3500 sq ft, and South of Pomerado is starting to have possibilities. That $929k is a disaster, needs $200k of work (gross inside) plus it’s right on Pomerado Rd. The pics make it look habitable but it’s not.

Rolling Hills is interesting, it’s a little pocket of 92064 right next to 92131, and they’re all 1/2 acre lots. Because of the zipcode thing, it doesn’t show up on naive searches, so you can get some deals. We were contemplating putting an offer in on this home, a nice one story with pool on a beautiful lot:

http://www.redfin.com/CA/Poway/11730-Creek-Bluff-Dr-92064/home/4836969

The problem is it was owned by a smoker and reeks. Don’t tell me “new carpet, new paint” – my parents bought an ex-smoker house and after gutting the entire thing: paint, flooring, vent and pipes, furnace, it STILL smells like smoke.

I look at MLS listings OCD-style multiple times every day. It’s not that I’m unaware of the inventory. I just don’t see anything that makes me want to devote $200k+ down payment plus $5500/month. Maybe I’m just too conservative. My appetite for risk is disappearing entirely as I get older.

[permabear]

sdr, AN,

First off, I’m well aware of all those homes. I’ve been in most of them. The thing about Stonebridge is it has high MR and it is quite a ways out East. It’s a good 15 min from the freeway. Very different than SR proper. Plus I don’t want 5000 sq ft.

I’m looking for around 3500 sq ft, and South of Pomerado is starting to have possibilities. That $929k is a disaster, needs $200k of work (gross inside) plus it’s right on Pomerado Rd. The pics make it look habitable but it’s not.

Rolling Hills is interesting, it’s a little pocket of 92064 right next to 92131, and they’re all 1/2 acre lots. Because of the zipcode thing, it doesn’t show up on naive searches, so you can get some deals. We were contemplating putting an offer in on this home, a nice one story with pool on a beautiful lot:

http://www.redfin.com/CA/Poway/11730-Creek-Bluff-Dr-92064/home/4836969

The problem is it was owned by a smoker and reeks. Don’t tell me “new carpet, new paint” – my parents bought an ex-smoker house and after gutting the entire thing: paint, flooring, vent and pipes, furnace, it STILL smells like smoke.

I look at MLS listings OCD-style multiple times every day. It’s not that I’m unaware of the inventory. I just don’t see anything that makes me want to devote $200k+ down payment plus $5500/month. Maybe I’m just too conservative. My appetite for risk is disappearing entirely as I get older.

[sdrealtor]

permabear
You have injected 4 or 5 personal biases in your search that limit things. Our point is that there are great homes out there that meet the general description of what you outlined. They just dont meet your exact specifications. When you are very specific and want a creme of the crop prime property it gets tougher. With that said, its possible.

Someone I know is about to get a prime property that meets most of what you described at a year 2000 and possibly even a 1999 price. It is happening in a place I didnt think was possible but it seems that all the stars may have been aligned.

[sdrealtor]

permabear
You have injected 4 or 5 personal biases in your search that limit things. Our point is that there are great homes out there that meet the general description of what you outlined. They just dont meet your exact specifications. When you are very specific and want a creme of the crop prime property it gets tougher. With that said, its possible.

Someone I know is about to get a prime property that meets most of what you described at a year 2000 and possibly even a 1999 price. It is happening in a place I didnt think was possible but it seems that all the stars may have been aligned.

[sdrealtor]

permabear
You have injected 4 or 5 personal biases in your search that limit things. Our point is that there are great homes out there that meet the general description of what you outlined. They just dont meet your exact specifications. When you are very specific and want a creme of the crop prime property it gets tougher. With that said, its possible.

Someone I know is about to get a prime property that meets most of what you described at a year 2000 and possibly even a 1999 price. It is happening in a place I didnt think was possible but it seems that all the stars may have been aligned.

[sdrealtor]

permabear
You have injected 4 or 5 personal biases in your search that limit things. Our point is that there are great homes out there that meet the general description of what you outlined. They just dont meet your exact specifications. When you are very specific and want a creme of the crop prime property it gets tougher. With that said, its possible.

Someone I know is about to get a prime property that meets most of what you described at a year 2000 and possibly even a 1999 price. It is happening in a place I didnt think was possible but it seems that all the stars may have been aligned.

[Author]

Posts