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bearishgurl
Participant[quote=sdduuuude][quote=bearishgurl]They can find comparable properties to these three in Santee, Lakeside and Ramona for $350K.[/quote]
Yes, but then they’d be in Santee, Lakeside or Ramona. Scottsdale is not the “Santee” of Phoenix.[/quote]
I understand this but Scottsdale is located on the desert floor and SD East County is still considered “Mediterranean.”
My point is that it is NOT cheaper (for the type of property the OP’s friend wants to buy) within 20 miles of PHX vis a vis 20 miles from his employer in Rancho Bernardo (SD).
No one here has shown that the schools are actually “better” or “higher-scoring” in the Scottsdale area than they are in Lakeside, Santee or Ramona.
And, in the $350K price range, they would have much better luck parking their boat on SFR properties in those SD communities than the ones in Scottsdale IMHO.
If they were in a $550K+ price range, I might change my tune on this subject :=]
Participant[quote=AN] . . . BTW, last I check, the many small business owners who leverage to start their business and fail didn’t get bailed out. So, again, your broad stroke brush is horrible. . . .[/quote]
AN, you need to spend some time in BK court, just to observe. I think it would be enlightening for you. Thousands upon thousands of small biz loans made in this country and “guaranteed” by the “Small Business Administration” (SBA) have defaulted since the inception of the program. Many of the applicants merely had to show a “business plan” to obtain these loans from banks.
I happen to know of a person who applied for (and obtained) one of these loans from a well-known Big Bank. This individual had zero “clients” in said “business” for the four years preceding his application! Of course, the Big Bank didn’t check this info out before handing him the money.
The debtor promptly bought a large boat with the proceeds and then defaulted on the loan after seven months of payments.
When the Big Bank sued and got a default judgement against this individual for the $65K (plus interest and late fees), the judgment debtor promptly put the boat into a relative’s name before they could file a writ of attachment on it.
The Big Bank then filed a lien on his home but they are junior to other creditor’s liens and, in any case, the home (which the debtor rec’d “free and clear” from his deceased father over 30 years ago) is overmortgaged.
This is just ONE “SBA loan.”
Ask yourself who pays for all of this …. :=0
Participant[quote=sdduuuude]In my opinion, Paradise Valley is like Rancho Santa Fe or La Jolla. Scottsdale and Awatukee more like Carmel Valley – newer tract homes for families with good schools. Haven’t spent much time anywhere but Awatukee, though.
Don’t know if these are nice neighborhoods or not. Big lots. Big enough to hide a boat. May not even be an HOA on the second one.
http://www.redfin.com/AZ/Scottsdale/11003-E-Sunnyside-Dr-85259/home/27941351
http://www.redfin.com/AZ/Scottsdale/10457-E-Becker-Ln-85259/home/27623333
http://www.redfin.com/AZ/Scottsdale/7520-E-Via-Estrella-Ave-85258/home/27225280%5B/quote%5D
Nice properties, sdduuuude. The first and third one are asking $389k and $375K, respectively.
The first one will NOT accommodate RV access as it is too close to one neighbor and the other side of the house currently has a permanent outbuilding standing there (which might be able to be taken down and and RV gate built). I can’t tell the possible access from the curb to there.
I didn’t see any indication of an HOA on the 2nd one, either.
ALL of these homes are 4/2/2 and are in the ~2000 sf range, NOT 3000 sf. There are no 3rd baths or 3rd garage bays in any of them.
The second one has the best lot to park a boat on and is in the price range of the OP’s friend.
The first one needs A LOT of work before I see a typical “Gen-Y buyer” moving in. By its “decor,” I’m surmising that it currently has owners of 60+ years old.
They can find comparable properties to these three in Santee, Lakeside and Ramona for $350K.
Participant[quote=davidaaronhart…]There seems to be a lot of confusion and manipulating to make points regarding Santee, Ramona, etc. They area my wife an I are looking at is Scottsdale which as my friend who lives in Arizona described it ” is the La Jolla of AZ”. Top notch schools, very nice. This move would be for a promotion which would result in a much larger overall Salary (almost double). The role is a sales manager with a four state territory versus a sales rep with a territory from 52 south to the border. My wifes current company (Sorrento Valley), the controlling share was purchased by a hedge fund a little over a year ago. While the pay is good the overall pay and quality continue to decline and the Vulture capitalist continue to pinch everyone to inflate their numbers and prepare to sale. Point is time here seems to be limited. The key components bearish gurl is not acknowledging are 1) the future of the CA school system and the state 2) That for $350 this is a house that doesn’t need work, is larger, and has high end finishes. To maintain our current Salary levels my wife would simply need an very modest paying job 50k which is very attainable since she has a college degree and a strong resume. You factor additional cost such as Gas (about 75 cents cheaper a gallon), taxes, etc. This is not even close to even with a home in Santee that will definitely need money invested. I applaud your efforts to try and make these comparable situations, but one offers financial stability and a stronger future for my children while the other offers better weather for 3 months out of the year. Yes I will miss friends and surfing, but I haven’t surfed every weekend since before my daughter was born and see my friend every other month. The drive is close enough we can leave early morning and be here by lunchtime.[/quote]
Sounds like you have already made a decision to take the new job and move your family, david.
I’m going to take umbrage with what I believe are “misconceptions” posted here about the apples-to-apples comparison of $350K houses (IF they exist) and “school quality” between the two locales of Scottsdale and (North)east SD County (emphasized above):
david, why don’t you show us Piggs a link to $350K “sample property” that YOU would place an offer on in Scottsdale. Is it actually a house … or a condo? If a house, is it a 4-5/3/3’s with a pool as you described here? And is it completely ready for you to move into at COE? And do you propose to park your boat on a $350K property in Scottsdale? 🙂
How much does dry boat storage cost in the PHX area?
It is not “3 months out of the year” that the “weather is better” in SD v. PHX. It’s more like 9-10 months out of the year.
Re: your new “four state (sales) territory,” in the higher-paying job you are thinking of taking: Could that possibly be AZ, NV, NM and TX?? Have you driven any of these dozens of lonely roads, david? Do you realize that on many of these roads that there are no services whatsoever for a 100+ mile radius? How do you think you would like being alone for hours on end in 100++ degree heat in the middle of nowhere? Have you ever followed commercial vehicles for 75 miles or more where it was too narrow to pass? Have you ever driven through 100 mi long Indian reservations? Have you ever pumped gas with flying black beetles all over you, your vehicle … and the gas pump the whole time you’re parked in the fuel bay? And, I’m assuming you speak Spanish??
Just wondering ….
Re: your the “$50K” job you think your spouse will “easily obtain” in PHX: Don’t you realize that there are many thousands of people with “strong resumes” and even “graduate degrees” all over the country who can’t find work for even $25K annually? Many with likely decades more work experience than your spouse? Do you realize that PHX is traditionally a lower-paying area than SD?
I don’t think you will be able to “maintain your current salary levels” and live in AZ in the way you are dreaming of.
******
And we haven’t even addressed here if david and his spouse will be leaving relatives behind in SD.
Note: this post really isn’t about david’s “choice” anymore. It’s about all ALL Piggs who think the “grass will be greener” for their families (pun intended) if they relocate to what they perceive to be a “cheaper locale.”
SK, can you chime in here and tell us what this young family can buy for $350K in Scottsdale proper (or within its so-called “acclaimed” school district)?
Thanks for any help :=]
Participant[quote=paramount] . . . Picking up on what spdrun said, outside of NE and maybe San Francisco and a few other areas, I’ve always felt a lack of civility in this country – the dominant redneck culture that is so pervasive.[/quote]
paramount, did you ever stop to think that you may have come upon this feeling of “lack of civility in your countrymen” honestly? After all, you moved yourself (from SD?) to TV, near, if not actually within the “SoCal `epicenter’ of `redneck culture'” :=]
Participant[quote=sdduuuude]So, you don’t think you could squeeze an RV or boat in somewhere on that 13,000 sq. ft. lot ? Really ?[/quote]
Sure, if the RV gate could be made wider and the side yard was wide enough. But it won’t be able to sit higher than 6′ (trailered, which is the highest RV gate the city will likely allow) due to the CC&R’s. At least those are the fence guidelines here in SD County.
We don’t know the lot configuration, exactly. All we know is the boat cannot be visible at the curb.
I’ve personally been down all of these roads a time or two in my life :=0
Hopefully, it’s not a cabin cruiser or fishing boat :=]
Participant[quote=sdduuuude][quote=bearishgurl]sdduuuude, you’ve been looking in CV for awhile now to purchase a primary residence and you’re actually FROM AZ! Had you given any thought to moving back there to get the “home of your dreams” for half the price?
…. just making a suggestion (in case you hadn’t considered it) :=][/quote]
Clearly, you didn’t read the part about choosing between falling asleep and breathing clearly vs. being wide awake but unable to breath and suffering from sneezing fits.[/quote]
Ha! I didn’t realize that allergy problems caused YOU to leave your home state, sdduuuude!
Have you ever tried immunotherapy? I finished my 27-mo treatment with a well-known ENT here in SD just short of 30 years ago and I am cured for life 🙂 …. so far at least. I used to have terrible allergic reactions to several grass and tree pollens so I hear where you’re coming from.
Unfortunately, I believe my old doctor is now deceased.
ParticipantThe assessor would have included it in the sq footage if it was properly permitted when it was constructed. My guess is that it was not permitted and so it shouldn’t be used in the calculation of the square footage.
You can’t do much today about 1957 construction with a possible (“grandfathered”) circa 1965 screen porch. I seriously doubt anyone down at the city would bother you about it.
In any case, spdrun is right. If you think the price is fair for the whole package, then make an offer. Otherwise, let it go.
You can’t get all wrapped up in “price per sf” in older, established areas, even if they were built on tract. After 50+ years, the majority of them have been remodeled and/or vastly improved so it would be difficult to next-to-impossible to find true “model matches.” For instance, you can’t really put a price on a curved-glass window or an original American Standard pastel bathroom.
You either appreciate these things or you don’t.
Participant[quote=sdduuuude][quote=bearishgurl][quote=SK in CV]That area is not like CV. And the school districts are decent. Nowhere near as good the CV districts.[/quote]
I don’t know about the schools but I agree with this statement. “Well-irrigated and lushly landscaped” CV (SD) and this (relatively barren) PHX subdivision are night and day :=][/quote]
For the difference between a similarly appointed home in Awatukee vs. CV, (about $500,000), I think you could have some pretty lush landscaping.
You can split hairs all day over whether or not you can get a particular house in SD or PHX for 350K. The bottom line is, $350K gets you crap in SD and a great place in PHX. No two ways about it.[/quote]
sdduuuude, I’m not debating whether RE is cheaper in PHX than SD. It undoubtedly is.
I’m simply stating that you pay for exactly what you get in this life.
Believe it or not, there ARE properties comparable to your PHX listing in Santee, Ramona AND Lakeside (CA)! They just aren’t $350K but could possibly be $450-$550K.
Your PHX sold comp ISN’T likely $350K today.
And you have still failed to address the issue of the RV access. Even if your 2 yr old sold listing was STILL worth $350K today, the OP’s friend likely won’t be able to park his boat there.
Yes, the OP’s friend could get a smaller house in PHX, without HOA (to lord over his boat-parking). I have no doubt that he could afford that. But would it be “new” or “near new” and still be close to town??
Probably not … not even close. So it wouldn’t be what he wanted (which was *newer*) and he would be in the same buyer-situation as he is here. So he may as well consider Santee, Lakeside or Ramona (~20 miles from work) enabling him to continue to surf as much as he can 🙂
It’s the same scenario in EVERY major city in the country, sdduuuude. The BEST locations were built on long ago. What was left for *newer* construction (after 2000) was lots in much lesser-desirable locations, mostly encumbered by HOAs.
I was trying to keep this discussion an apples-to-apples comparison, which I realize can be difficult when we are talking about a “coastal mediterranean climate” vs. a “desert floor climate.”
They are vastly different environments. Those differences actually make RE in many SD County communities look like a bargain, IMHO.
Participant[quote=sdduuuude]Here’s a fun comparison:
Awahtukee
http://www.redfin.com/AZ/Phoenix/13835-S-Canyon-Dr-85048/home/27824519
5834 sq. ft.
2.32 acres
Backs to a wide open preserve with hiking.
$821,000Del Mar Mesa
http://www.redfin.com/CA/San-Diego/5739-Meadows-Del-Mar-92130/home/4524947
5839 sq. ft.
0.32 acres (1/7th the size).
$2,449,000Carmel Valley, for the same price:
http://www.redfin.com/CA/San-Diego/3857-Banfield-Ln-92130/home/4484133
2393 sq. ft.
Lot is smaller than the AZ house at 4660 sq. ft.
Cost is $24K moreYou are in dreamland if you attempt to argue in any way that Phoenix housing remotely approaches San Diego in terms of cost for a given quality.[/quote]
Even though I don’t like the inside, I like the “setting” of the first sold comp very much. Can’t really tell if on tract or custom … and price seems high for PHX but probably reflects its privacy
The second sold comp has wa-a-a-a-y more expensive appointments than the first or the third sold comp, and is situated in an area adjacent to dozens of multimillion-dollar custom homes. For this reason, it’s not a good comparison.
Except for its substandard lot size, the third (recent) sold comp is pretty comparable to your orig PHX sold comp at almost twice today’s value of the PHX comp. Like it or not, ~400K is the difference in value between comparable properties in CV (SD) and Awatukee (PHX).
sdduuuude, you’ve been looking in CV for awhile now to purchase a primary residence and you’re actually FROM AZ! Had you given any thought to moving back there to get the “home of your dreams” for half the price?
…. just making a suggestion (in case you hadn’t considered it) :=]
ParticipantWow, Redfin has some handy tools …. 🙂
ParticipantOkay, I just joined Redfin and looked at sdduuuude’s two-year old “short-sale” listing in PHX and have a few comments.
– yes, it is very well-appointed for the $325K sold price;
– it is a two story, not a sprawling ranch;
– the pool appears to be very nicely appointed;
– there are block walls around the subdivision (HOA present?);
– the location appears to be fairly central;
– two years is eons ago in the PHX RE market;
– it very well could have been an all-cash sale;
– I agree that whoever bought it as a SS probably had to make repairs and some improvements and wouldn’t know how much they spent to do this; and
– I agree that it could likely be worth $450K today or maybe more.
*****
This post later edited to show link to likely value today, below:
http://www.redfin.com/what-is-your-home-worth?estPropertyId=28112471&src=ldp-estimates
Participant[quote=spdrun]Strangely, the stuff that you describe as being at the “top” of the caste system, is the kind of stuff that tops my do-not-want list. I’d rather have a bungalow or condo in one of the beach cities than a 3500 sf monster further inland.[/quote]
spdrun, you must be mixing me up with another Pigg. I never described a “McHome” as being “at or near the top of the caste system.”
Actually, most McHome’s are at or near the bottom (depending on location, of course).
I go by overall equity percentage of neighborhood owners in determining a micro-area’s hierarchy in SD’s RE “caste system.”
Those owners with high-equity stakes are the members of the “caste system” who have “paid their dues.”
As it should be :=]
ParticipantHomeowners Association Information
Association Fee: $144
Association Fee Paid Semi-Annually
Has Homeowners Association
Association Transfer Fee: $150
Fee Includes Common Area Maintenance
Association Name: Mountain Park Ranch
No Visible Trucks/Trailers/RVs/Boats Allowed, Professionally Managed, Pets OK (See Remarks)http://www.redfin.com/AZ/Phoenix/2106-E-Taxidea-Way-85048/home/28112471
I rest my case ;=]
edit: I can’t see too much from the photos but the “RV gate” described in the listing looks barely wide enough for a jetski to fit thru.
In any case, a trailered boat cannot be visible above the fence line. Depending on the boat, this “RV access” could be problematic :=0
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