[an]

[quote=deadzone]$3000 to rent 2800sq ft in Sorrento Valley seems a bit expensive.[/quote]
I guess you don’t know this area very well. Here are some examples:
http://sandiego.craigslist.org/csd/apa/2373181559.html (2700 sq-ft vs 2900 sq-ft)
http://sandiego.craigslist.org/csd/apa/2383390423.html (Same floor plan but no way they’ll get the $3850/month asking price)
http://sandiego.craigslist.org/nsd/apa/2384495506.html (2500 sq-ft vs 2900 sq-ft)
http://sandiego.craigslist.org/nsd/apa/2386430542.html (2100 sq-ft vs 2900 sq-ft)
http://sandiego.craigslist.org/csd/apa/2379564671.html (2000 sq-ft vs 2900 sq-ft)

[quote=deadzone]So what if it is close to a lot of high tech business parks, who wants to live near an industrial park???[/quote]
People who don’t want to be stuck in traffic everyday? People who want no more than 10 minutes commute to work while still get big newer houses with canyon view?

[an]

[quote=deadzone]$3000 to rent 2800sq ft in Sorrento Valley seems a bit expensive.[/quote]
I guess you don’t know this area very well. Here are some examples:
http://sandiego.craigslist.org/csd/apa/2373181559.html (2700 sq-ft vs 2900 sq-ft)
http://sandiego.craigslist.org/csd/apa/2383390423.html (Same floor plan but no way they’ll get the $3850/month asking price)
http://sandiego.craigslist.org/nsd/apa/2384495506.html (2500 sq-ft vs 2900 sq-ft)
http://sandiego.craigslist.org/nsd/apa/2386430542.html (2100 sq-ft vs 2900 sq-ft)
http://sandiego.craigslist.org/csd/apa/2379564671.html (2000 sq-ft vs 2900 sq-ft)

[quote=deadzone]So what if it is close to a lot of high tech business parks, who wants to live near an industrial park???[/quote]
People who don’t want to be stuck in traffic everyday? People who want no more than 10 minutes commute to work while still get big newer houses with canyon view?

[an]

[quote=sdrealtor]I could see some real fixer 3/2 and 2/2 homes going under 250 but a property as nice as the one you linked to wont get anywhere near 440K. too many well paid people working in Sorrento Valley who would jump all over that far before that price level.[/quote]
I expect fixer 3/2 and 2/2 to be around $200k, since they were going for low to mid $400k at peak. $500k-$550k at peak will get a very decent 4/2 in the better part of MM. 4/3 2000sq-ft in SW MM were going for low 600k and currently rent for ~$2400. If I can pick one up for low $300k, that would be very sweet too.

That SV house rents for about $3000-3200 right now, so, $440k would yield a decent return w/ today’s rate as well.

[an]

[quote=sdrealtor]I could see some real fixer 3/2 and 2/2 homes going under 250 but a property as nice as the one you linked to wont get anywhere near 440K. too many well paid people working in Sorrento Valley who would jump all over that far before that price level.[/quote]
I expect fixer 3/2 and 2/2 to be around $200k, since they were going for low to mid $400k at peak. $500k-$550k at peak will get a very decent 4/2 in the better part of MM. 4/3 2000sq-ft in SW MM were going for low 600k and currently rent for ~$2400. If I can pick one up for low $300k, that would be very sweet too.

That SV house rents for about $3000-3200 right now, so, $440k would yield a decent return w/ today’s rate as well.

[an]

[quote=sdrealtor]I could see some real fixer 3/2 and 2/2 homes going under 250 but a property as nice as the one you linked to wont get anywhere near 440K. too many well paid people working in Sorrento Valley who would jump all over that far before that price level.[/quote]
I expect fixer 3/2 and 2/2 to be around $200k, since they were going for low to mid $400k at peak. $500k-$550k at peak will get a very decent 4/2 in the better part of MM. 4/3 2000sq-ft in SW MM were going for low 600k and currently rent for ~$2400. If I can pick one up for low $300k, that would be very sweet too.

That SV house rents for about $3000-3200 right now, so, $440k would yield a decent return w/ today’s rate as well.

[an]

[quote=sdrealtor]I could see some real fixer 3/2 and 2/2 homes going under 250 but a property as nice as the one you linked to wont get anywhere near 440K. too many well paid people working in Sorrento Valley who would jump all over that far before that price level.[/quote]
I expect fixer 3/2 and 2/2 to be around $200k, since they were going for low to mid $400k at peak. $500k-$550k at peak will get a very decent 4/2 in the better part of MM. 4/3 2000sq-ft in SW MM were going for low 600k and currently rent for ~$2400. If I can pick one up for low $300k, that would be very sweet too.

That SV house rents for about $3000-3200 right now, so, $440k would yield a decent return w/ today’s rate as well.

[an]

[quote=sdrealtor]I could see some real fixer 3/2 and 2/2 homes going under 250 but a property as nice as the one you linked to wont get anywhere near 440K. too many well paid people working in Sorrento Valley who would jump all over that far before that price level.[/quote]
I expect fixer 3/2 and 2/2 to be around $200k, since they were going for low to mid $400k at peak. $500k-$550k at peak will get a very decent 4/2 in the better part of MM. 4/3 2000sq-ft in SW MM were going for low 600k and currently rent for ~$2400. If I can pick one up for low $300k, that would be very sweet too.

That SV house rents for about $3000-3200 right now, so, $440k would yield a decent return w/ today’s rate as well.

[an]

[quote=sdrealtor]AN
Great house and location. No way something like that ever drops below 600K again. Even in a doomsday scenario I couldnt se that happening.[/quote]
Although I agree with you, I’m still hopeful that these 50%-er is correct and I can pick up that property or something like it for ~$440k. I’d so love to pick up a few 3/2 or 4/2 SFR in MM for low 200k too.

[an]

[quote=sdrealtor]AN
Great house and location. No way something like that ever drops below 600K again. Even in a doomsday scenario I couldnt se that happening.[/quote]
Although I agree with you, I’m still hopeful that these 50%-er is correct and I can pick up that property or something like it for ~$440k. I’d so love to pick up a few 3/2 or 4/2 SFR in MM for low 200k too.

[an]

[quote=sdrealtor]AN
Great house and location. No way something like that ever drops below 600K again. Even in a doomsday scenario I couldnt se that happening.[/quote]
Although I agree with you, I’m still hopeful that these 50%-er is correct and I can pick up that property or something like it for ~$440k. I’d so love to pick up a few 3/2 or 4/2 SFR in MM for low 200k too.

[an]

[quote=sdrealtor]AN
Great house and location. No way something like that ever drops below 600K again. Even in a doomsday scenario I couldnt se that happening.[/quote]
Although I agree with you, I’m still hopeful that these 50%-er is correct and I can pick up that property or something like it for ~$440k. I’d so love to pick up a few 3/2 or 4/2 SFR in MM for low 200k too.

[an]

[quote=sdrealtor]AN
Great house and location. No way something like that ever drops below 600K again. Even in a doomsday scenario I couldnt se that happening.[/quote]
Although I agree with you, I’m still hopeful that these 50%-er is correct and I can pick up that property or something like it for ~$440k. I’d so love to pick up a few 3/2 or 4/2 SFR in MM for low 200k too.

[an]

All these talk about 50% off peak brings back some good memories. Any guess on when we’ll see 50% off peak for the areas that haven’t seen 50% off? Not all of the areas that haven’t seen 50% peak are “ultra desirable” NCC. I love to get one of these house: http://www.sdlookup.com/MLS-110023279-6229_Canyon_Bluff_Ct_San_Diego_CA_92121 for 1/2 off peak.

[an]

All these talk about 50% off peak brings back some good memories. Any guess on when we’ll see 50% off peak for the areas that haven’t seen 50% off? Not all of the areas that haven’t seen 50% peak are “ultra desirable” NCC. I love to get one of these house: http://www.sdlookup.com/MLS-110023279-6229_Canyon_Bluff_Ct_San_Diego_CA_92121 for 1/2 off peak.

[an]

All these talk about 50% off peak brings back some good memories. Any guess on when we’ll see 50% off peak for the areas that haven’t seen 50% off? Not all of the areas that haven’t seen 50% peak are “ultra desirable” NCC. I love to get one of these house: http://www.sdlookup.com/MLS-110023279-6229_Canyon_Bluff_Ct_San_Diego_CA_92121 for 1/2 off peak.

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