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cantab
Participantsdealtor: I’m not sure why you’re disagreeing with me. I provided the address: 1110 West Muirlands Dr. You can look it up yourself: it sold for $340K in 1997, and does back on to the country club.
It was an open market sale. It was listed for 350K and stayed unsold for months. I saw it myself, talked to the listing agent, and thought about making an offer.
AN’s example is of a tract house in Solana Beach east of the freeway. It proves only that houses like that have appreciated less than some in La Jolla.
Participant[quote=sdrealtor]FWIW houses that i have seen are not close to 2X’s 1996 prices adjusted for inflation. Maybe 2X’s 1996 prices but not adjusting for inlfation. Not sure if that is what you meant to say but its not the case that i can see.[/quote]
In Pacific Beach and La Jolla, houses are selling easily for three times their 1996 or 1997 prices. 3x nominal equals 2x inflation-adjusted, approximately.
Here is an example:
http://www.redfin.com/CA/La-Jolla/1110-W-Muirlands-Dr-92037/home/49161211110 West Muirlands Drive in La Jolla sold for $340,000 in early 1997. It had languished on the market for many months. Ocean view, backs to golf course. It’s had a major remodel since 97, but not recently. In 2008 the owners listed it for over $2M. It didn’t sell, but it would sell instantly now at over $1M.
Participant[quote=sdrealtor]FWIW houses that i have seen are not close to 2X’s 1996 prices adjusted for inflation. Maybe 2X’s 1996 prices but not adjusting for inlfation. Not sure if that is what you meant to say but its not the case that i can see.[/quote]
In Pacific Beach and La Jolla, houses are selling easily for three times their 1996 or 1997 prices. 3x nominal equals 2x inflation-adjusted, approximately.
Here is an example:
http://www.redfin.com/CA/La-Jolla/1110-W-Muirlands-Dr-92037/home/49161211110 West Muirlands Drive in La Jolla sold for $340,000 in early 1997. It had languished on the market for many months. Ocean view, backs to golf course. It’s had a major remodel since 97, but not recently. In 2008 the owners listed it for over $2M. It didn’t sell, but it would sell instantly now at over $1M.
Participant[quote=sdrealtor]FWIW houses that i have seen are not close to 2X’s 1996 prices adjusted for inflation. Maybe 2X’s 1996 prices but not adjusting for inlfation. Not sure if that is what you meant to say but its not the case that i can see.[/quote]
In Pacific Beach and La Jolla, houses are selling easily for three times their 1996 or 1997 prices. 3x nominal equals 2x inflation-adjusted, approximately.
Here is an example:
http://www.redfin.com/CA/La-Jolla/1110-W-Muirlands-Dr-92037/home/49161211110 West Muirlands Drive in La Jolla sold for $340,000 in early 1997. It had languished on the market for many months. Ocean view, backs to golf course. It’s had a major remodel since 97, but not recently. In 2008 the owners listed it for over $2M. It didn’t sell, but it would sell instantly now at over $1M.
Participant[quote=sdrealtor]FWIW houses that i have seen are not close to 2X’s 1996 prices adjusted for inflation. Maybe 2X’s 1996 prices but not adjusting for inlfation. Not sure if that is what you meant to say but its not the case that i can see.[/quote]
In Pacific Beach and La Jolla, houses are selling easily for three times their 1996 or 1997 prices. 3x nominal equals 2x inflation-adjusted, approximately.
Here is an example:
http://www.redfin.com/CA/La-Jolla/1110-W-Muirlands-Dr-92037/home/49161211110 West Muirlands Drive in La Jolla sold for $340,000 in early 1997. It had languished on the market for many months. Ocean view, backs to golf course. It’s had a major remodel since 97, but not recently. In 2008 the owners listed it for over $2M. It didn’t sell, but it would sell instantly now at over $1M.
Participant[quote=sdrealtor]FWIW houses that i have seen are not close to 2X’s 1996 prices adjusted for inflation. Maybe 2X’s 1996 prices but not adjusting for inlfation. Not sure if that is what you meant to say but its not the case that i can see.[/quote]
In Pacific Beach and La Jolla, houses are selling easily for three times their 1996 or 1997 prices. 3x nominal equals 2x inflation-adjusted, approximately.
Here is an example:
http://www.redfin.com/CA/La-Jolla/1110-W-Muirlands-Dr-92037/home/49161211110 West Muirlands Drive in La Jolla sold for $340,000 in early 1997. It had languished on the market for many months. Ocean view, backs to golf course. It’s had a major remodel since 97, but not recently. In 2008 the owners listed it for over $2M. It didn’t sell, but it would sell instantly now at over $1M.
ParticipantDump all pay-TV providers.
Get unlimited streaming movies from Netflix for $9 per month with a $200 Blu-ray player that has wifi included. Beware: you want wifi included, not just wifi enabled.
Get phone service for $4 per month with unlimited calling in the US with a $240 Ooma box (look for reviews on Amazon).
Get all major networks for free in high-def with an over-the-air receiver (under $200).
All this works simultaneously on Time Warner’s slowest cable modem service that costs $33 per month I think. Don’t bother with ATT DSL. Their customer service is even worse than Time Warner’s. Moreover, many houses are too far from the central station to get good DSL, but ATT does not have maps that let them know this in advance–total incompetence.
ParticipantDump all pay-TV providers.
Get unlimited streaming movies from Netflix for $9 per month with a $200 Blu-ray player that has wifi included. Beware: you want wifi included, not just wifi enabled.
Get phone service for $4 per month with unlimited calling in the US with a $240 Ooma box (look for reviews on Amazon).
Get all major networks for free in high-def with an over-the-air receiver (under $200).
All this works simultaneously on Time Warner’s slowest cable modem service that costs $33 per month I think. Don’t bother with ATT DSL. Their customer service is even worse than Time Warner’s. Moreover, many houses are too far from the central station to get good DSL, but ATT does not have maps that let them know this in advance–total incompetence.
ParticipantDump all pay-TV providers.
Get unlimited streaming movies from Netflix for $9 per month with a $200 Blu-ray player that has wifi included. Beware: you want wifi included, not just wifi enabled.
Get phone service for $4 per month with unlimited calling in the US with a $240 Ooma box (look for reviews on Amazon).
Get all major networks for free in high-def with an over-the-air receiver (under $200).
All this works simultaneously on Time Warner’s slowest cable modem service that costs $33 per month I think. Don’t bother with ATT DSL. Their customer service is even worse than Time Warner’s. Moreover, many houses are too far from the central station to get good DSL, but ATT does not have maps that let them know this in advance–total incompetence.
ParticipantDump all pay-TV providers.
Get unlimited streaming movies from Netflix for $9 per month with a $200 Blu-ray player that has wifi included. Beware: you want wifi included, not just wifi enabled.
Get phone service for $4 per month with unlimited calling in the US with a $240 Ooma box (look for reviews on Amazon).
Get all major networks for free in high-def with an over-the-air receiver (under $200).
All this works simultaneously on Time Warner’s slowest cable modem service that costs $33 per month I think. Don’t bother with ATT DSL. Their customer service is even worse than Time Warner’s. Moreover, many houses are too far from the central station to get good DSL, but ATT does not have maps that let them know this in advance–total incompetence.
ParticipantDump all pay-TV providers.
Get unlimited streaming movies from Netflix for $9 per month with a $200 Blu-ray player that has wifi included. Beware: you want wifi included, not just wifi enabled.
Get phone service for $4 per month with unlimited calling in the US with a $240 Ooma box (look for reviews on Amazon).
Get all major networks for free in high-def with an over-the-air receiver (under $200).
All this works simultaneously on Time Warner’s slowest cable modem service that costs $33 per month I think. Don’t bother with ATT DSL. Their customer service is even worse than Time Warner’s. Moreover, many houses are too far from the central station to get good DSL, but ATT does not have maps that let them know this in advance–total incompetence.
ParticipantJobs in medical specialties *are* effectively union-protected. The unions are the boards that define the residency quotas.
Opthalmologists should make a good income. But their income is paid by the rest of us, directly or indirectly. There is no good reason why we should pay them four times what we pay (for example) a pediatrician or ten times what we pay a veterinarian.
Many more people have or had the ability to be an opthalmic surgeon than to be a Nobel prize winner. But our society pays the opthalmic surgeon many times more. I’m not actually personally upset about this. Hey, maybe my spouse is a surgeon–you don’t know. I just think it is irrational and inefficient, and the more other people know about this, the more likely it is to change eventually.
ParticipantJobs in medical specialties *are* effectively union-protected. The unions are the boards that define the residency quotas.
Opthalmologists should make a good income. But their income is paid by the rest of us, directly or indirectly. There is no good reason why we should pay them four times what we pay (for example) a pediatrician or ten times what we pay a veterinarian.
Many more people have or had the ability to be an opthalmic surgeon than to be a Nobel prize winner. But our society pays the opthalmic surgeon many times more. I’m not actually personally upset about this. Hey, maybe my spouse is a surgeon–you don’t know. I just think it is irrational and inefficient, and the more other people know about this, the more likely it is to change eventually.
ParticipantJobs in medical specialties *are* effectively union-protected. The unions are the boards that define the residency quotas.
Opthalmologists should make a good income. But their income is paid by the rest of us, directly or indirectly. There is no good reason why we should pay them four times what we pay (for example) a pediatrician or ten times what we pay a veterinarian.
Many more people have or had the ability to be an opthalmic surgeon than to be a Nobel prize winner. But our society pays the opthalmic surgeon many times more. I’m not actually personally upset about this. Hey, maybe my spouse is a surgeon–you don’t know. I just think it is irrational and inefficient, and the more other people know about this, the more likely it is to change eventually.
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