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bearishgurl
Participant[quote=Flu]How about Palos Verdes Peninsula, 90274/90275?[/quote]
Yes, Flu, I had considered recommending to investor RPV and Laguna Beach. But he is from an area of 1-4 acre wooded lots with a wide rugged river rushing through replete with a natural waterfall with large boulders and river rock AND less than 15 miles to DC! It almost resembles a (colder foilage) example of the island of Kauai, sans the moss and palms.
Correct me if I’m wrong, but aren’t the waterfront homes in RPV inside of a convenant and/or HOA? If there are actually beaches there, aren’t they small and private, like Laguna Beach? I have not been inside RPV but have only seen it from binoculars from the green bridge (this dates me – LOL) outside Long Beach. Since investor was looking for a non-commercial place to semi-retire, I did not know if he would be interested in living inside of a covenant/HOA.
TexasLine made some good points about Coronado. Yes, some of the streets are wide but I maintain that investor and his wife would feel too claustrophobic living there.
investor, I’m sure you’re aware Coronado is NOT 70 degrees 365 days a year. It has its share of cold breezes and rain and 50 degree weather, just like the rest of the CA coast. I’ve also rode bikes there in 90 degree weather. I don’t think there’s anyplace in the continental US with 70-degree weather 365 days a year 🙂
Participant[quote=Flu]How about Palos Verdes Peninsula, 90274/90275?[/quote]
Yes, Flu, I had considered recommending to investor RPV and Laguna Beach. But he is from an area of 1-4 acre wooded lots with a wide rugged river rushing through replete with a natural waterfall with large boulders and river rock AND less than 15 miles to DC! It almost resembles a (colder foilage) example of the island of Kauai, sans the moss and palms.
Correct me if I’m wrong, but aren’t the waterfront homes in RPV inside of a convenant and/or HOA? If there are actually beaches there, aren’t they small and private, like Laguna Beach? I have not been inside RPV but have only seen it from binoculars from the green bridge (this dates me – LOL) outside Long Beach. Since investor was looking for a non-commercial place to semi-retire, I did not know if he would be interested in living inside of a covenant/HOA.
TexasLine made some good points about Coronado. Yes, some of the streets are wide but I maintain that investor and his wife would feel too claustrophobic living there.
investor, I’m sure you’re aware Coronado is NOT 70 degrees 365 days a year. It has its share of cold breezes and rain and 50 degree weather, just like the rest of the CA coast. I’ve also rode bikes there in 90 degree weather. I don’t think there’s anyplace in the continental US with 70-degree weather 365 days a year 🙂
ParticipantAaargh!! “Carmel Valley” (CV) is too “cookie-cutter.” Large nondescript “crackerboxes” on rather small lots – no mature trees. YUCK!! Probably very congested freeway entrances as well. Sorry, I don’t see the “draw” here. No character . . . So not for me . . . to each his own.
ParticipantAaargh!! “Carmel Valley” (CV) is too “cookie-cutter.” Large nondescript “crackerboxes” on rather small lots – no mature trees. YUCK!! Probably very congested freeway entrances as well. Sorry, I don’t see the “draw” here. No character . . . So not for me . . . to each his own.
ParticipantAaargh!! “Carmel Valley” (CV) is too “cookie-cutter.” Large nondescript “crackerboxes” on rather small lots – no mature trees. YUCK!! Probably very congested freeway entrances as well. Sorry, I don’t see the “draw” here. No character . . . So not for me . . . to each his own.
ParticipantAaargh!! “Carmel Valley” (CV) is too “cookie-cutter.” Large nondescript “crackerboxes” on rather small lots – no mature trees. YUCK!! Probably very congested freeway entrances as well. Sorry, I don’t see the “draw” here. No character . . . So not for me . . . to each his own.
ParticipantAaargh!! “Carmel Valley” (CV) is too “cookie-cutter.” Large nondescript “crackerboxes” on rather small lots – no mature trees. YUCK!! Probably very congested freeway entrances as well. Sorry, I don’t see the “draw” here. No character . . . So not for me . . . to each his own.
Participant[quote=investor]. . . coronado intrigues me since it is fairly isolated, is similar to my area of great falls VA, is warm and seems to have the mom and pop stores that we both like. I am hoping that my wife, born in iran, will eventually fall in love with cali and move full time there. Hopefully, my income will be in passive and portofio income, reducing my exposure to earned income taxes.[/quote]
Yes, investor, you are correct in that Coronado, for the most part, is not zoned for “chain-store” type businesses. However, it is not “isolated” by any means. For up to 3 hours per day, two of the main streets there are so clogged with military traffic that it is difficult for the locals to get across to do their own business. During the summer, Coronado hosts thousands of tourists who are parked on or within 2 blocks of the beach in front of the residents’ homes. There are several bike and pedicab rental places who rent to tourists who drive all over Coronado all day. The average properties under $1M (and some over $1M) have only 35-ft wide lots. Most of the original homes are 75+ years old and reflect this obsolescence unless they have undergone an extensive remodel (and would be priced accordingly). The parks and ferry landing are flooded with tourists and “locals” from both sides of the border. I’m not trying to “condemn” Coronado here. I love riding bikes there, too. Based on your posts though, I just don’t think it may be quite the right place for you.
investor, I am well-traveled (road) throughout the entire state. The only other areas that I can think of that would appeal to your wife would be the Marin County towns of Sausalito and Mill Valley. There has never been any outdoor advertising or chain-store type businesses allowed at all in Marin County from DAY ONE. Muir Woods and its beaches are spectacular, unspoiled and dramatic, just like your Potomac River. You can actually here a pin drop in there!
Great Falls, VA has got to be one of the most breathtakingly beautiful places I’ve ever seen. It seems you are very fortunate, indeed. Of course you are aware that these Marin County towns are only 10-15 mins. to San Francisco via the Golden Gate Bridge. I think your wife would be very happy there!
Do you realize you can come to SD as often as you want (from SFO now) with Southwest Airlines for $100 – $110 RT, including fees/bags, with every 6th to 8th trip free?? (no “plug” intended here but me and my family members frequent that route) If you don’t need a car, flying is less expensive than buying gas!
I stand corrected in that perhaps, from an investment standpoint, you should at least consider Marin County after all for your semi-retirement.
Participant[quote=investor]. . . coronado intrigues me since it is fairly isolated, is similar to my area of great falls VA, is warm and seems to have the mom and pop stores that we both like. I am hoping that my wife, born in iran, will eventually fall in love with cali and move full time there. Hopefully, my income will be in passive and portofio income, reducing my exposure to earned income taxes.[/quote]
Yes, investor, you are correct in that Coronado, for the most part, is not zoned for “chain-store” type businesses. However, it is not “isolated” by any means. For up to 3 hours per day, two of the main streets there are so clogged with military traffic that it is difficult for the locals to get across to do their own business. During the summer, Coronado hosts thousands of tourists who are parked on or within 2 blocks of the beach in front of the residents’ homes. There are several bike and pedicab rental places who rent to tourists who drive all over Coronado all day. The average properties under $1M (and some over $1M) have only 35-ft wide lots. Most of the original homes are 75+ years old and reflect this obsolescence unless they have undergone an extensive remodel (and would be priced accordingly). The parks and ferry landing are flooded with tourists and “locals” from both sides of the border. I’m not trying to “condemn” Coronado here. I love riding bikes there, too. Based on your posts though, I just don’t think it may be quite the right place for you.
investor, I am well-traveled (road) throughout the entire state. The only other areas that I can think of that would appeal to your wife would be the Marin County towns of Sausalito and Mill Valley. There has never been any outdoor advertising or chain-store type businesses allowed at all in Marin County from DAY ONE. Muir Woods and its beaches are spectacular, unspoiled and dramatic, just like your Potomac River. You can actually here a pin drop in there!
Great Falls, VA has got to be one of the most breathtakingly beautiful places I’ve ever seen. It seems you are very fortunate, indeed. Of course you are aware that these Marin County towns are only 10-15 mins. to San Francisco via the Golden Gate Bridge. I think your wife would be very happy there!
Do you realize you can come to SD as often as you want (from SFO now) with Southwest Airlines for $100 – $110 RT, including fees/bags, with every 6th to 8th trip free?? (no “plug” intended here but me and my family members frequent that route) If you don’t need a car, flying is less expensive than buying gas!
I stand corrected in that perhaps, from an investment standpoint, you should at least consider Marin County after all for your semi-retirement.
Participant[quote=investor]. . . coronado intrigues me since it is fairly isolated, is similar to my area of great falls VA, is warm and seems to have the mom and pop stores that we both like. I am hoping that my wife, born in iran, will eventually fall in love with cali and move full time there. Hopefully, my income will be in passive and portofio income, reducing my exposure to earned income taxes.[/quote]
Yes, investor, you are correct in that Coronado, for the most part, is not zoned for “chain-store” type businesses. However, it is not “isolated” by any means. For up to 3 hours per day, two of the main streets there are so clogged with military traffic that it is difficult for the locals to get across to do their own business. During the summer, Coronado hosts thousands of tourists who are parked on or within 2 blocks of the beach in front of the residents’ homes. There are several bike and pedicab rental places who rent to tourists who drive all over Coronado all day. The average properties under $1M (and some over $1M) have only 35-ft wide lots. Most of the original homes are 75+ years old and reflect this obsolescence unless they have undergone an extensive remodel (and would be priced accordingly). The parks and ferry landing are flooded with tourists and “locals” from both sides of the border. I’m not trying to “condemn” Coronado here. I love riding bikes there, too. Based on your posts though, I just don’t think it may be quite the right place for you.
investor, I am well-traveled (road) throughout the entire state. The only other areas that I can think of that would appeal to your wife would be the Marin County towns of Sausalito and Mill Valley. There has never been any outdoor advertising or chain-store type businesses allowed at all in Marin County from DAY ONE. Muir Woods and its beaches are spectacular, unspoiled and dramatic, just like your Potomac River. You can actually here a pin drop in there!
Great Falls, VA has got to be one of the most breathtakingly beautiful places I’ve ever seen. It seems you are very fortunate, indeed. Of course you are aware that these Marin County towns are only 10-15 mins. to San Francisco via the Golden Gate Bridge. I think your wife would be very happy there!
Do you realize you can come to SD as often as you want (from SFO now) with Southwest Airlines for $100 – $110 RT, including fees/bags, with every 6th to 8th trip free?? (no “plug” intended here but me and my family members frequent that route) If you don’t need a car, flying is less expensive than buying gas!
I stand corrected in that perhaps, from an investment standpoint, you should at least consider Marin County after all for your semi-retirement.
Participant[quote=investor]. . . coronado intrigues me since it is fairly isolated, is similar to my area of great falls VA, is warm and seems to have the mom and pop stores that we both like. I am hoping that my wife, born in iran, will eventually fall in love with cali and move full time there. Hopefully, my income will be in passive and portofio income, reducing my exposure to earned income taxes.[/quote]
Yes, investor, you are correct in that Coronado, for the most part, is not zoned for “chain-store” type businesses. However, it is not “isolated” by any means. For up to 3 hours per day, two of the main streets there are so clogged with military traffic that it is difficult for the locals to get across to do their own business. During the summer, Coronado hosts thousands of tourists who are parked on or within 2 blocks of the beach in front of the residents’ homes. There are several bike and pedicab rental places who rent to tourists who drive all over Coronado all day. The average properties under $1M (and some over $1M) have only 35-ft wide lots. Most of the original homes are 75+ years old and reflect this obsolescence unless they have undergone an extensive remodel (and would be priced accordingly). The parks and ferry landing are flooded with tourists and “locals” from both sides of the border. I’m not trying to “condemn” Coronado here. I love riding bikes there, too. Based on your posts though, I just don’t think it may be quite the right place for you.
investor, I am well-traveled (road) throughout the entire state. The only other areas that I can think of that would appeal to your wife would be the Marin County towns of Sausalito and Mill Valley. There has never been any outdoor advertising or chain-store type businesses allowed at all in Marin County from DAY ONE. Muir Woods and its beaches are spectacular, unspoiled and dramatic, just like your Potomac River. You can actually here a pin drop in there!
Great Falls, VA has got to be one of the most breathtakingly beautiful places I’ve ever seen. It seems you are very fortunate, indeed. Of course you are aware that these Marin County towns are only 10-15 mins. to San Francisco via the Golden Gate Bridge. I think your wife would be very happy there!
Do you realize you can come to SD as often as you want (from SFO now) with Southwest Airlines for $100 – $110 RT, including fees/bags, with every 6th to 8th trip free?? (no “plug” intended here but me and my family members frequent that route) If you don’t need a car, flying is less expensive than buying gas!
I stand corrected in that perhaps, from an investment standpoint, you should at least consider Marin County after all for your semi-retirement.
Participant[quote=investor]. . . coronado intrigues me since it is fairly isolated, is similar to my area of great falls VA, is warm and seems to have the mom and pop stores that we both like. I am hoping that my wife, born in iran, will eventually fall in love with cali and move full time there. Hopefully, my income will be in passive and portofio income, reducing my exposure to earned income taxes.[/quote]
Yes, investor, you are correct in that Coronado, for the most part, is not zoned for “chain-store” type businesses. However, it is not “isolated” by any means. For up to 3 hours per day, two of the main streets there are so clogged with military traffic that it is difficult for the locals to get across to do their own business. During the summer, Coronado hosts thousands of tourists who are parked on or within 2 blocks of the beach in front of the residents’ homes. There are several bike and pedicab rental places who rent to tourists who drive all over Coronado all day. The average properties under $1M (and some over $1M) have only 35-ft wide lots. Most of the original homes are 75+ years old and reflect this obsolescence unless they have undergone an extensive remodel (and would be priced accordingly). The parks and ferry landing are flooded with tourists and “locals” from both sides of the border. I’m not trying to “condemn” Coronado here. I love riding bikes there, too. Based on your posts though, I just don’t think it may be quite the right place for you.
investor, I am well-traveled (road) throughout the entire state. The only other areas that I can think of that would appeal to your wife would be the Marin County towns of Sausalito and Mill Valley. There has never been any outdoor advertising or chain-store type businesses allowed at all in Marin County from DAY ONE. Muir Woods and its beaches are spectacular, unspoiled and dramatic, just like your Potomac River. You can actually here a pin drop in there!
Great Falls, VA has got to be one of the most breathtakingly beautiful places I’ve ever seen. It seems you are very fortunate, indeed. Of course you are aware that these Marin County towns are only 10-15 mins. to San Francisco via the Golden Gate Bridge. I think your wife would be very happy there!
Do you realize you can come to SD as often as you want (from SFO now) with Southwest Airlines for $100 – $110 RT, including fees/bags, with every 6th to 8th trip free?? (no “plug” intended here but me and my family members frequent that route) If you don’t need a car, flying is less expensive than buying gas!
I stand corrected in that perhaps, from an investment standpoint, you should at least consider Marin County after all for your semi-retirement.
Participant[quote=briansd1]You bought in 2001 so how far below purchase price are you now? 1999 pricing?[/quote]
briansd1, I haven’t had the chance to study any 2010 sales comps in my area yet but the assessor’s local appraiser used the “heavy fixer” because it compared with the size of my property and he couldn’t find any others that did. It sold for $310K so that is my new assessment.
The assessment I appealed was approx. $422K. My purchase price in 2001 was $346K. I only recovered an $850 tax savings because of the elementary and HS/Community College construction bonds that were passed in in recent years.
I’m not upside down but am unclear if I can recover my down payment if I wished to market it today. Since I still owe $205K and put down $105K, that equals $310K. I can list my own property but would still have a co-broke fee and CLTA/escrow fees, etc. Including tent fumigation last year, I’ve sunk about $15K into the property. It needs more landscaping and concrete work/repair but I am reluctant to do this, even if I had the $$, due to the fact I may never recover it. I know I can’t recover the improvements I’ve already made but I am enjoying having them.
On a bright sunny day, my gut feeling is it’s worth between $310K to $355K right now, depending on the terms.
[quote=briansd1]Your CV is Chula Vista. There are smug CV (the other CV) homeowners who believe that their neighborhood is immune. 😉
But not to worry, everything is interconnected, and the proportional ratios will come back into line. Your CV values will increase whereas the other CV’s values will stagnate or increase at a lower rate over time.[/quote]
briansd1, by “other CV,” I take it you are referring to my 200,000+ annexed neighbors to the far east (and southeast)?? Except for a very few ‘hoods built between ’87 and ’92 where the MR has been retired or is soon to be retired, I don’t believe any of those areas will see price stability for many years to come. There were virtually NO COMPS out in lizardland when builders started to invade it late ’99, early 2000, with their dozers, cutting off all the hilltops. Prior to that, the only thing that ever happened out there was the locals doing their off-road thing with raised-up 4WD’s. For the life of me, I do not know how those builders were able to fetch $435K (2-3 bdrm condo) to $675K (SFR 3000 sf) on minuscule lots when there were NEVER ANY COMPS to support these prices! Since 1999, CV has added two more zip codes. He**, it’s even a different climate out there! I never saw the value of all this new construction, esp. when MR and HOA were added in.
Yes, I do believe the more established areas will stabilize much quicker than the recently built areas because there aren’t anywhere near the amount of distressed properties in the older areas as in the newer areas.
Participant[quote=briansd1]You bought in 2001 so how far below purchase price are you now? 1999 pricing?[/quote]
briansd1, I haven’t had the chance to study any 2010 sales comps in my area yet but the assessor’s local appraiser used the “heavy fixer” because it compared with the size of my property and he couldn’t find any others that did. It sold for $310K so that is my new assessment.
The assessment I appealed was approx. $422K. My purchase price in 2001 was $346K. I only recovered an $850 tax savings because of the elementary and HS/Community College construction bonds that were passed in in recent years.
I’m not upside down but am unclear if I can recover my down payment if I wished to market it today. Since I still owe $205K and put down $105K, that equals $310K. I can list my own property but would still have a co-broke fee and CLTA/escrow fees, etc. Including tent fumigation last year, I’ve sunk about $15K into the property. It needs more landscaping and concrete work/repair but I am reluctant to do this, even if I had the $$, due to the fact I may never recover it. I know I can’t recover the improvements I’ve already made but I am enjoying having them.
On a bright sunny day, my gut feeling is it’s worth between $310K to $355K right now, depending on the terms.
[quote=briansd1]Your CV is Chula Vista. There are smug CV (the other CV) homeowners who believe that their neighborhood is immune. 😉
But not to worry, everything is interconnected, and the proportional ratios will come back into line. Your CV values will increase whereas the other CV’s values will stagnate or increase at a lower rate over time.[/quote]
briansd1, by “other CV,” I take it you are referring to my 200,000+ annexed neighbors to the far east (and southeast)?? Except for a very few ‘hoods built between ’87 and ’92 where the MR has been retired or is soon to be retired, I don’t believe any of those areas will see price stability for many years to come. There were virtually NO COMPS out in lizardland when builders started to invade it late ’99, early 2000, with their dozers, cutting off all the hilltops. Prior to that, the only thing that ever happened out there was the locals doing their off-road thing with raised-up 4WD’s. For the life of me, I do not know how those builders were able to fetch $435K (2-3 bdrm condo) to $675K (SFR 3000 sf) on minuscule lots when there were NEVER ANY COMPS to support these prices! Since 1999, CV has added two more zip codes. He**, it’s even a different climate out there! I never saw the value of all this new construction, esp. when MR and HOA were added in.
Yes, I do believe the more established areas will stabilize much quicker than the recently built areas because there aren’t anywhere near the amount of distressed properties in the older areas as in the newer areas.
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