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Participant[quote=temeculaguy]I was recently in Southpark (which appears to be the southern part of north park but actually on the east side of the park, not sure why they call it southpark), I liked the vibe of the area, I started thinking that after the kids head to college I could totally live in a place like this, checked out some listings and sales on redfin and holy schnikes, some people are crazy. Most of these homes are three wall knockdowns at best, to include north park. Paint and grass isn’t going to fix 60 year old houses that were low end when built, yet the prices were as if there was never a blip in the real estate world, let alone a meltdown. It was then that i fully realized the frustration of san diegans, it is as if everyone in the world got a christmas present and you got coal in your stocking. Something is wrong, the rest of the country just went through an epic half off houses cleansing, with the exception of san diego. Things rarely stay out of whack, eventually they normalize, I’d wait this one out if i were looking down there.[/quote]
We did have epic half-off (and more!) sales here in SD County. Temecula, Murietta, Alpine, CV, Eastlake, Bonita, there were screaming deals galore. A lot of people did really well for themselves buying homes in those areas in the last few years. The combination of low interest rates and good prices was rare.
Central SD is another story. For whatever reason, the area has a certain cachet and people are willing to pay big bucks for it. In my neighborhood for example, we have a lot of high-earning DINK households, many gay couples with good jobs, lots of people with no kids and no interest in having kids. They all want to live in central SD and will pay a premium to be close to the restaurants, shops, and of course the park. Because so many don’t have kids they will throw that part of their budget at the house issue. More money chasing after a basically constant supply means prices go up or at least sort of stay up when times are tough.
How long this will last is anyone’s guess. But it is still hanging in there much longer than I ever thought it would. That’s a big reason why we finally gave in and bought last year.
June 26, 2010 at 12:57 PM in reply to: OT: NYT article on, among other things, the limits of our ability to acknowledge what we don’t know #571873ParticipantThe unofficial poet laureate of the Bush administration, Donald Rumsfeld, wrote a stirring piece on this very idea in 2002:
The Unknown, by Donald Rumsfeld (2002)
As we know,
There are known knowns.
There are things we know we know.
We also know
There are known unknowns.
That is to say
We know there are some things
We do not know.
But there are also unknown unknowns,
The ones we don’t know
We don’t know.I have always been a fan of Don Rumsfeld’s poetry. If the English language still exists 500 years from now, people will still be studying his poems. In addition to his work with the English language, he has also been a pioneer in the field of martial arts and has developed a variety of innovative fighting techniques.
June 26, 2010 at 12:57 PM in reply to: OT: NYT article on, among other things, the limits of our ability to acknowledge what we don’t know #571971ParticipantThe unofficial poet laureate of the Bush administration, Donald Rumsfeld, wrote a stirring piece on this very idea in 2002:
The Unknown, by Donald Rumsfeld (2002)
As we know,
There are known knowns.
There are things we know we know.
We also know
There are known unknowns.
That is to say
We know there are some things
We do not know.
But there are also unknown unknowns,
The ones we don’t know
We don’t know.I have always been a fan of Don Rumsfeld’s poetry. If the English language still exists 500 years from now, people will still be studying his poems. In addition to his work with the English language, he has also been a pioneer in the field of martial arts and has developed a variety of innovative fighting techniques.
June 26, 2010 at 12:57 PM in reply to: OT: NYT article on, among other things, the limits of our ability to acknowledge what we don’t know #572485ParticipantThe unofficial poet laureate of the Bush administration, Donald Rumsfeld, wrote a stirring piece on this very idea in 2002:
The Unknown, by Donald Rumsfeld (2002)
As we know,
There are known knowns.
There are things we know we know.
We also know
There are known unknowns.
That is to say
We know there are some things
We do not know.
But there are also unknown unknowns,
The ones we don’t know
We don’t know.I have always been a fan of Don Rumsfeld’s poetry. If the English language still exists 500 years from now, people will still be studying his poems. In addition to his work with the English language, he has also been a pioneer in the field of martial arts and has developed a variety of innovative fighting techniques.
June 26, 2010 at 12:57 PM in reply to: OT: NYT article on, among other things, the limits of our ability to acknowledge what we don’t know #572592ParticipantThe unofficial poet laureate of the Bush administration, Donald Rumsfeld, wrote a stirring piece on this very idea in 2002:
The Unknown, by Donald Rumsfeld (2002)
As we know,
There are known knowns.
There are things we know we know.
We also know
There are known unknowns.
That is to say
We know there are some things
We do not know.
But there are also unknown unknowns,
The ones we don’t know
We don’t know.I have always been a fan of Don Rumsfeld’s poetry. If the English language still exists 500 years from now, people will still be studying his poems. In addition to his work with the English language, he has also been a pioneer in the field of martial arts and has developed a variety of innovative fighting techniques.
June 26, 2010 at 12:57 PM in reply to: OT: NYT article on, among other things, the limits of our ability to acknowledge what we don’t know #572882ParticipantThe unofficial poet laureate of the Bush administration, Donald Rumsfeld, wrote a stirring piece on this very idea in 2002:
The Unknown, by Donald Rumsfeld (2002)
As we know,
There are known knowns.
There are things we know we know.
We also know
There are known unknowns.
That is to say
We know there are some things
We do not know.
But there are also unknown unknowns,
The ones we don’t know
We don’t know.I have always been a fan of Don Rumsfeld’s poetry. If the English language still exists 500 years from now, people will still be studying his poems. In addition to his work with the English language, he has also been a pioneer in the field of martial arts and has developed a variety of innovative fighting techniques.
ParticipantJP, here’s one in Hillcrest/Mission Hills for $500K that might be decent. It is almost 1700sf and even has a 2 car garage. Quick to get anywhere from here.
Looks to good to be true, someone might have died inside. Still, it might be worth checking out…
ParticipantJP, here’s one in Hillcrest/Mission Hills for $500K that might be decent. It is almost 1700sf and even has a 2 car garage. Quick to get anywhere from here.
Looks to good to be true, someone might have died inside. Still, it might be worth checking out…
ParticipantJP, here’s one in Hillcrest/Mission Hills for $500K that might be decent. It is almost 1700sf and even has a 2 car garage. Quick to get anywhere from here.
Looks to good to be true, someone might have died inside. Still, it might be worth checking out…
ParticipantJP, here’s one in Hillcrest/Mission Hills for $500K that might be decent. It is almost 1700sf and even has a 2 car garage. Quick to get anywhere from here.
Looks to good to be true, someone might have died inside. Still, it might be worth checking out…
ParticipantJP, here’s one in Hillcrest/Mission Hills for $500K that might be decent. It is almost 1700sf and even has a 2 car garage. Quick to get anywhere from here.
Looks to good to be true, someone might have died inside. Still, it might be worth checking out…
ParticipantIf you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.
This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.
Good luck JP…
ParticipantIf you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.
This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.
Good luck JP…
ParticipantIf you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.
This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.
Good luck JP…
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