[bsrsharma]

esmith – Could it be the prices are somewhat lower due to nearness to the Miramar airfield and Miramar landfill? There are not too many places in San Diego that sold many good SFRs for under $300K during 2005.

[bsrsharma]

esmith – Could it be the prices are somewhat lower due to nearness to the Miramar airfield and Miramar landfill? There are not too many places in San Diego that sold many good SFRs for under $300K during 2005.

[bsrsharma]

HLS & Surveyor: Thanks for all the interesting info on selecting out of State real estate for investment. It does sound challenging, but definitely has its rewards. One aspect is as inflation hedge – real estate is pretty good as non-fiat money, even with illiquidity and bubbles. I don’t know how well stock market is for that purpose. For the average investor who may not want to mess with gold, oil or currency, real estate is probably the better hedge. Of course, nothing beats the 250K/500K tax exemption on primary residence, even ignoring mortgage interest deduction. That alone should motivate everyone to buy a home during a recession and sell when the bubble matures.

[bsrsharma]

HLS & Surveyor: Thanks for all the interesting info on selecting out of State real estate for investment. It does sound challenging, but definitely has its rewards. One aspect is as inflation hedge – real estate is pretty good as non-fiat money, even with illiquidity and bubbles. I don’t know how well stock market is for that purpose. For the average investor who may not want to mess with gold, oil or currency, real estate is probably the better hedge. Of course, nothing beats the 250K/500K tax exemption on primary residence, even ignoring mortgage interest deduction. That alone should motivate everyone to buy a home during a recession and sell when the bubble matures.

[bsrsharma]

esmith – I clipped off the lower half of the stack (as being uninteresting). This is what it says:

$15,000 to $19,999: 7
$20,000 to $24,999: 14
$25,000 to $29,999: 5
$30,000 to $34,999: 8
$35,000 to $39,999: 9
$40,000 to $49,999: 13
$50,000 to $59,999: 8
$80,000 to $89,999: 32
$90,000 to $99,999: 44
$100,000 to $124,999: 201
$125,000 to $149,999: 343

What does it say? It confirms my observation that it is a generally run down area with a few high end homes probably on the boundaries. The lower half of the stack are most likely mobile homes/trailer parks.

[bsrsharma]

esmith – I clipped off the lower half of the stack (as being uninteresting). This is what it says:

$15,000 to $19,999: 7
$20,000 to $24,999: 14
$25,000 to $29,999: 5
$30,000 to $34,999: 8
$35,000 to $39,999: 9
$40,000 to $49,999: 13
$50,000 to $59,999: 8
$80,000 to $89,999: 32
$90,000 to $99,999: 44
$100,000 to $124,999: 201
$125,000 to $149,999: 343

What does it say? It confirms my observation that it is a generally run down area with a few high end homes probably on the boundaries. The lower half of the stack are most likely mobile homes/trailer parks.

[bsrsharma]

Neither statistic very useful.

Say you want to sell a house.

case 1: You see DOM for neighborhood = 10

case 2: You see DOM for neighborhood = 177

Won't it affect how you price your listing?

What would I do?

Case 1: I will list at about median $/sqft, after considering other things

Case 2: I will list a little below the lowest $/sqft, after considering other things.

Why? Heck I want to sell, take my money and get on with my life. I am not watching a movie!

 

[bsrsharma]

Neither statistic very useful.

Say you want to sell a house.

case 1: You see DOM for neighborhood = 10

case 2: You see DOM for neighborhood = 177

Won't it affect how you price your listing?

What would I do?

Case 1: I will list at about median $/sqft, after considering other things

Case 2: I will list a little below the lowest $/sqft, after considering other things.

Why? Heck I want to sell, take my money and get on with my life. I am not watching a movie!

 

[bsrsharma]

The neighbors house must be “High end” for Clairemont. This is how SD 92117 home prices stacked up during 2005:

http://www.city-data.com/zips/92117.html

$150,000 to $174,999: 1023
$175,000 to $199,999: 2076
$200,000 to $249,999: 3812
$250,000 to $299,999: 1758
$300,000 to $399,999: 1094
$400,000 to $499,999: 435
$500,000 to $749,999: 164
$750,000 to $999,999: 12
$1,000,000 or more: 30

[bsrsharma]

The neighbors house must be “High end” for Clairemont. This is how SD 92117 home prices stacked up during 2005:

http://www.city-data.com/zips/92117.html

$150,000 to $174,999: 1023
$175,000 to $199,999: 2076
$200,000 to $249,999: 3812
$250,000 to $299,999: 1758
$300,000 to $399,999: 1094
$400,000 to $499,999: 435
$500,000 to $749,999: 164
$750,000 to $999,999: 12
$1,000,000 or more: 30

[bsrsharma]

Images of downtown jail

Now make it downtown jail in Tijuana, if you go south on a weekend and a Mexican dog sniffs your vehicle! Happened to a guy.

[bsrsharma]

Images of downtown jail

Now make it downtown jail in Tijuana, if you go south on a weekend and a Mexican dog sniffs your vehicle! Happened to a guy.

[bsrsharma]

HLS, Which parts of the country do you prefer and are there reasons, besides prices & rents, for your preferences? How do you feel being a long distance property owner?

[bsrsharma]

HLS, Which parts of the country do you prefer and are there reasons, besides prices & rents, for your preferences? How do you feel being a long distance property owner?

[bsrsharma]

But I am worried about a scenario where it drops by another 80-100K in the next 2 years and does not ever come back to current price levels in next 15 years.

Whatever may be the current ups & downs in Temecula market prices, in 15 years, the price will definitely double, at least. Beyond, 2011, $ has to sink fast and furiously. Real Estate will then become fashionable once again as a common man's hedge against inflation. You may even encounter another bubble and sell it to retire rich!

[Author]

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