[an]

Completely agree with you. Went and check out the models and they all are ugly. Seems like they’re trying to squeeze as much sq-ft in the lot available. That’s why they all look like a box. Lot that used to hold only 1000-2000sq-ft house now hold 3000-4000 sq-ft. It’s ridiculous.

[an]

It seems like many of the current sellers are not very motivated anyways. All we need is 10% (just pulled that # out of the magic hat) of the seller to be super motivated to move the price. So, we’ll see if the # of people who have to sell because of loan reset will be higher than the # of buyers out there. That’ll move the price in the right direction.

[an]

For $2100, you can rent a 1600 sq-ft condo/townhouse in Sorrento Valley. That’s my rent. I started the least last May. The landlord asked for $2300 and we negotiated it down. Also, I just saw an exact same floor plan for rent right now for $2045, so rent hasn’t really gone up. I’ve seen other asking around $2200 as well. So asking price is all over the place, but you can always negotiate. However, $2100 for a 2bd-2ba apartment is way too much. A 2bd-2ba apartment in Mira Mesa is around $1400-1500 month.

[an]

EJ, then what would you do if the person on the phone let other people to get in front while you’re standing right behind? I’m sure after 10-15 min, you won’t be too patient anymore.

[an]

EJ, if a person show up at the cash register at the same time as you talking on the phone, oblivious to his/her surrounding and take his/her sweet time while people behind are waiting as well as the clerk, what would you do?

[an]

Accident happens when you’re not fully aware of your surrounding and make sudden moves that cause the accident. So yeah, it’s the responsibility of the person pulling out to be courteous enough to not hold everyone up for too long. If you insist on pulling out slowly, then wait till the coast is clear.

[an]

pulling out slow when there are people waiting and letting you pass and you have ton of space to go and holding up traffic is just as bad and inconsiderate as weaving around such driver. If you’re gonna pull out that slow, then wait till people pass by before you pull out. JMHO. Oh, BTW, zillow info is public so you can go and check every single house in San Diego.

[an]

I just took a look at their website and it have to say, their price is a lot higher than Airoso and it’s smaller too. If your aunt really want to buy a TH in carmel valley, I would suggest Airoso. They’re offering a lot of incentives as well as negotiation in the price.

[an]

no_such_reality, I never get that either. If I’m living in IE, I would much rather just move straight to Texas or those other place you listed. It’s much cheaper than IE and you get the same weather. It probably take the same amount of time to get to an ocean too, because flight to SD from those places should be about 1-2 hrs and you’ll be right next to the bay.

[an]

no_such_reality, I agree that if the reserve is too high, then it won’t sell. But not only will it not sell, the person(s) who put it up for auction will lose money since it cost money to put it up. That’s the whole point of auction, only the realistic sellers will get their property sold. I’m sure most people who come to bid only car about those properties anyways. Be it 10% of the properties being auctioned or 100%.

[an]

I agree that it will always be more expensive than most part of the US, but I still firmly believe that once again, people can live in San Diego and survive on just one income and be able to buy a house. I know someone who bought a house in 1995 (@ or near the bottom), have 4 kids, a stay @ home mom & 1 electronics technician salary. So, not so long ago, 1 below average income house hold can buy a house. That day will be back again. Of course they can’t afford to go on fancy vacation, but they do take road trips and the kids have everything they need & want(toys & computer for every kid). It’s all about money management and a little luck on your side(needing to buy a home @ the bottom of the market).

[an]

no_such_reality, I don’t know why you think auction with reserve are not real auction. Reserve is just there so that seller have an option not to sell to too low of a bid. If the reserve is too high and there was someone who bid on it, then too bad of them if they got caught up in the bidding war. If you do your research, then you, as a bidder, should have a max bid on an item/house as well. So if your max bid>reserve, then you both win, if not, then the house/item doesn’t sell and the seller will lose some money for putting it on auction.

[an]

I’m 26, so I think I’m qualified in the the young people category. All of my family, both dad and mom side, are Californian, so I have deep roots here too. I don’t find San Diego or California to be very hard to create root here. You just have to think much longer term than 1-2 years. If you look back, even 10 years ago, if you graduated 10 years ago, you can buy a house and survive on 1 income. Only if you buy at the peak where you’ll NEED 2 income to survive. So if you are patient and rent through the peak, the bottom will come again. Right now, I can rent and survive on 1 income. When the bottom comes, I can probably buy a house on 1 income as well and live comfortably. It’s all about timing. Don’t get caught up in the hype and you’ll be just fine. If you graduated in 1995, then you can buy a house in 1-2 years, while if you graduated in 2002 like myself, you just have to wait a little longer, like 5-6 years. But there’s no such thing as being priced out for ever. Things will get back to fundamental, which is supported by income.

[an]

I’ve seen something very similar in RSF. It’s a 2400 sq-ft townhouse going for $475k, IIRC. But the HOA is $1k/month.

[an]

Bill Gate must not be truly rich then since he probably has more car than most. 37 car garage to start at his main house. He take his Porsche to the track and salt flat periodically.

[Author]

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