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June 18, 2011 at 6:05 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705412June 18, 2011 at 6:05 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705774
an
Participant[quote=bearishgurl]AN, here’s something we can agree on. That “bunch of lumber” can be plywood, “engineered wood,” or Brazilian hardwood and teak but you wouldn’t want to install the latter unless the property location and lot made it worth doing so. I’ve posted your phrase (above), “Everything else can be changed/customized” in all its variations countless times on this board but it doesn’t seem to have any effect on getting some Piggs to understand that “value” is all about location and nothing more, even if just a vacant lot.[/quote]
Not everyone do upgrades specifically for resale purposes. Some people do upgrades to enhance their living comfort and allow them to enjoy the materials/design. Just because it’s a tract house doesn’t mean one can’t put in high end upgrades, especially if it’s their forever home. Also, certain location appeal for to one and less for other. So, just because it’s less appealing to you doesn’t mean the owner of such house wouldn’t want to upgrade to their liking.June 18, 2011 at 1:22 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704543an
Participant[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.
The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.
The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.
You’re better off buying a tract house within your means and fixing it up to the way you want it.
Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.
But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.June 18, 2011 at 1:22 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704636an
Participant[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.
The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.
The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.
You’re better off buying a tract house within your means and fixing it up to the way you want it.
Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.
But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.June 18, 2011 at 1:22 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705231an
Participant[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.
The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.
The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.
You’re better off buying a tract house within your means and fixing it up to the way you want it.
Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.
But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.June 18, 2011 at 1:22 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705383an
Participant[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.
The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.
The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.
You’re better off buying a tract house within your means and fixing it up to the way you want it.
Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.
But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.June 18, 2011 at 1:22 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705744an
Participant[quote=briansd1]I agree with AN. Custom or tract has to with with taste and or means.
The problem with the Bay Area, is that the “custom” houses in good locations are 40 to 50 years old. They need to be to torn-down and/or rehabbed.
The people who buy those old “custom” are stretched out financially so they have no choice to be accept the old musty interiors and faded exteriors.
You’re better off buying a tract house within your means and fixing it up to the way you want it.
Look at some of the old “custom” houses in Point Loma or La Jolla. They are still from the 1960s with the original mechanicals, no insulation or AC. I can understand homeowners living in those conditions if they’re used to it from the time they bought the houses for cheap.
But would I spend $1.5 million +++ to live with no insulation? No, unless I had the means to rehab the house. Otherwise, I’m better off buying a tract house within my budget that already has all the comforts of a modern house.[/quote]
At the end of the day, a house is nothing more than a bunch of lumber on a concrete platform. It’s all about location. Everything else can be changed/customized. So, I don’t understand this fascination about “custom” home.June 18, 2011 at 12:38 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704533an
Participant[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.June 18, 2011 at 12:38 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704627an
Participant[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.June 18, 2011 at 12:38 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705221an
Participant[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.June 18, 2011 at 12:38 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705373an
Participant[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.June 18, 2011 at 12:38 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705734an
Participant[quote=bearishgurl]AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools![/quote]
Do you think a comparable custom built house around that area would cost $1.5M-3.8M to build?[quote=bearishgurl]AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?[/quote]
Probably, but why does it matter? I don’t plan to sell my house anytime soon.June 18, 2011 at 12:34 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704523an
ParticipantBG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.
Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.
Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.
It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.
June 18, 2011 at 12:34 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704616an
ParticipantBG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.
Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.
Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.
It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.
June 18, 2011 at 12:34 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705211an
ParticipantBG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.
Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.
Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.
It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.
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