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an
Participant[quote=Coronita]Shit AN, you might have to sell your puts to NAIL…..[/quote]
I did 🙁Participant[quote=sdrealtor][quote=anxvariety]All speculative demand.. will vanish just as quickly as it appeared.[/quote]
Good luck with that. In a community of 70K plus located around one of the preeminent tech/life sciences cores in the country it doesnt take much to sell 4 houses a week
And this. Good article
https://www.calculatedriskblog.com/2022/03/housing-dont-compare-current-housing.html%5B/quote%5D
I bet one of those 4 houses already have 20+ offers as we speak.Participant[quote=Coronita]…you’re better off borrowing against the equity than to sell. [/quote]
Ding ding ding… winner winner chicken dinner.Participant[quote=anxvariety]All speculative demand.. will vanish just as quickly as it appeared.[/quote]
You think speculators would put down 200-400k as a down payment?Participant[quote=sdrealtor]As I said yesterday. I don’t make things up contrary to what deadzone claims[/quote]
I’ve been following Mira Mesa for almost 2 decades now and I have never seen MM sold out.Participant[quote=limkotir][quote=oceanbreeze]I paid $100K over asking for a Mira Mesa property I acquired back to Jan. At that time I felt pressure of low inventory and rising interest rate, so just told my agent to compete with other offers no matter what.[/quote]
Just looked, there is currently One (1) SFH on sale… start look at condos and townhouses as starter homes for now.
I think the MM neighborhood (or was it zip 92126) is the largest community in the City of San Diego (or County?), defined as west of the 15, east of Camino Santa Fe, and north of the industrial park of Miramar has about 80,000 people? Someone who has 2020 census data can correct me here… I’m too busy/lazy to look it up.[/quote]
Make that Zero (0). Mira Mesa is officially sold out.Participant[quote=sdrealtor]Heading up to LA for a concert so early update. If anything there may be another pending or 2 by my normal data collection time each Tuesday as at least 4 of 5 have multiple offers on them they are negotiaitng on
New listings 2 (7) – market watchers this is # to follow.
New Pendings of 2 (8) –
Closed sales at 4 (4) –
Inventory at 5 but at least 4 if not all 5 working through offers. It was 7 this time last year. The median list price is now $999K and was $829K this week last year.
Only 2 sfr listings this week is anemic. Thats a dead of Winter not a Spring peak selling season number. Anyone watching the market here needs to follow new listing numbers. Interest rates mean little in such a supply constrained market as there are plenty of high down buyers not overly impacted by rates.
Most houses seem to be closing between $50 and 100K over with the exception of the best of the best locations which can go much more.[/quote]
We definitely were not seeing $50-100k over asking price last year.Participant[quote=sdrealtor]Does that mean they are in the money;)[/quote]
LoL. I really have to thank deadzone for this one. Up 41% so far. Although, like he said, nothing is final till I sell, so, I’ll check back when I do.ParticipantI had a chance to speak with a friend who recently joined Amazon and she told me that although the company said they must come back to the office, the manager has total discretion, so she has only been in the office twice over the last 2 months and they have no plan to force anyone to returning to the office. I don’t know how many other teams are like hers, but it seems like it’s not a hard and fast rule.
Participant[quote=deadzone][quote=sdrealtor] academically on its way to passing UCLA some day[/quote]
Let me know when that “someday” arrives okay.[/quote]
If you want to be a bioengineer and want to attend the top 5 schools, UCLA is not even in the picture. Sorry to burst your bubble.But does these ranking really matter? Going to a top 20 university will give you plenty of quality education. The rest is up to you. A dud going to MIT will still turn out to be a dud. An entrepreneur and future CEO will do so regardless if they go to SDSU or MIT.
Participant[quote=deadzone]But you already have those things in LA and Bay Area. If that is what you want, move to those places. Why would you want that here? Is San Diego really lacking for anything at this point?
Again, as good a school as USCD is, it is not particularly prestigious on a National or International level. Never will be compared with UCLA or Cal. Can you name one famous alumni? Mike Judge, is the only one I can think of, he is brilliant![/quote]
Really? https://www.usnews.com/best-graduate-schools/top-engineering-schools/biomedical-rankings. Being #4 above Standford isn’t prestigious?Participant[quote=sdrealtor]What a silly comment! I neither like nor dislike an interest rate. I am ambivalent. They are what they are and I will just pay attention and figure out how to take advantage of whatever happens with that. If they go down we buy more property. If they go up we invest in fixed-income. Whatever will be will be because we took advantage of the opportunity of a lifetime![/quote]
Exactly! There’s opportunity when rate goes up and there’s opportunity when rate goes down. Like you, I neither like or hate interest rise.Participant.
Participant[quote=deadzone]And in the end, San Diego will ALWAYS be second or third fiddle to those cities, from a prestige point of view. You really want to compare UCSD and USD to UCLA and USC? And Sports and entertainment of LA compared to what little San Diego has?[/quote]
Does it really matter? As long as we keep on growing like crazy, who the hell cares what LA or SF does? -
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