[Carlsbadliving]

A good fried of my wife just had to short sell their house in Santee.

They were able to rent a larger, newer and nicer home in Santee for about $1000 less a month.

They were worried about not being able to rent once their credit turned bad. But apparently, they were able rent before the short sale showed up on their credit report.

[Carlsbadliving]

A good fried of my wife just had to short sell their house in Santee.

They were able to rent a larger, newer and nicer home in Santee for about $1000 less a month.

They were worried about not being able to rent once their credit turned bad. But apparently, they were able rent before the short sale showed up on their credit report.

[Carlsbadliving]

It’s getting harder and harder for the builders to be ahead of the curve.

Example: Robertson Ranch in Carlsbad. The eastern half of the master plan is currently being graded and will soon be developed with 469 units. This is after approximately 6 years of work securing the entitlements to build. So I’d say that 6 years ago it was pretty hard to tell where we’d be today.

Now obviously within the last year, the developer could have chose to not grade and sit tight, however, they have an awful lot of money into the project already and if they sat too long, they’d have to return to the City for time extensions.

In the case of Robertson Ranch, if the land was purchased 6+ years ago, I imagine that the developer will still make money on the project. They’ll just have to price accordingly and obvisously won’t have the profit margins like they did during the boom.

[Carlsbadliving]

It’s getting harder and harder for the builders to be ahead of the curve.

Example: Robertson Ranch in Carlsbad. The eastern half of the master plan is currently being graded and will soon be developed with 469 units. This is after approximately 6 years of work securing the entitlements to build. So I’d say that 6 years ago it was pretty hard to tell where we’d be today.

Now obviously within the last year, the developer could have chose to not grade and sit tight, however, they have an awful lot of money into the project already and if they sat too long, they’d have to return to the City for time extensions.

In the case of Robertson Ranch, if the land was purchased 6+ years ago, I imagine that the developer will still make money on the project. They’ll just have to price accordingly and obvisously won’t have the profit margins like they did during the boom.

[Carlsbadliving]

It’s getting harder and harder for the builders to be ahead of the curve.

Example: Robertson Ranch in Carlsbad. The eastern half of the master plan is currently being graded and will soon be developed with 469 units. This is after approximately 6 years of work securing the entitlements to build. So I’d say that 6 years ago it was pretty hard to tell where we’d be today.

Now obviously within the last year, the developer could have chose to not grade and sit tight, however, they have an awful lot of money into the project already and if they sat too long, they’d have to return to the City for time extensions.

In the case of Robertson Ranch, if the land was purchased 6+ years ago, I imagine that the developer will still make money on the project. They’ll just have to price accordingly and obvisously won’t have the profit margins like they did during the boom.

[Carlsbadliving]

Typically builders can make changes to plans that are in “substantial conformance” with the approved plans. These type of changes would include slightly larger/smaller floor plans (usually less than 10%), different gables, porches, etc. Basically, any changes that if a council member who approved the plans drove by the development he wouldn’t be able to notice the changes. If the builder chooses to make changes beyond this scope, the Planning Department would require the builder to return to public hearing (Planning Commission, City Council, etc.) and have the changes heard in front of the commissioners.

If a builder desired to change land use entirely, such as single family to multi-family, etc, that would require a Master Plan Amendment that would also go back to hearing. This would be very costly and time consuming, but entirely possible. However, you would have the opportunity to attend the hearing and make your complaints heard or contact your local council member and let them know your thoughts.

The Master Plan is a legally approved document and would require a legal hearing and new approval for any changes.

[Carlsbadliving]

Typically builders can make changes to plans that are in “substantial conformance” with the approved plans. These type of changes would include slightly larger/smaller floor plans (usually less than 10%), different gables, porches, etc. Basically, any changes that if a council member who approved the plans drove by the development he wouldn’t be able to notice the changes. If the builder chooses to make changes beyond this scope, the Planning Department would require the builder to return to public hearing (Planning Commission, City Council, etc.) and have the changes heard in front of the commissioners.

If a builder desired to change land use entirely, such as single family to multi-family, etc, that would require a Master Plan Amendment that would also go back to hearing. This would be very costly and time consuming, but entirely possible. However, you would have the opportunity to attend the hearing and make your complaints heard or contact your local council member and let them know your thoughts.

The Master Plan is a legally approved document and would require a legal hearing and new approval for any changes.

[Carlsbadliving]

Typically builders can make changes to plans that are in “substantial conformance” with the approved plans. These type of changes would include slightly larger/smaller floor plans (usually less than 10%), different gables, porches, etc. Basically, any changes that if a council member who approved the plans drove by the development he wouldn’t be able to notice the changes. If the builder chooses to make changes beyond this scope, the Planning Department would require the builder to return to public hearing (Planning Commission, City Council, etc.) and have the changes heard in front of the commissioners.

If a builder desired to change land use entirely, such as single family to multi-family, etc, that would require a Master Plan Amendment that would also go back to hearing. This would be very costly and time consuming, but entirely possible. However, you would have the opportunity to attend the hearing and make your complaints heard or contact your local council member and let them know your thoughts.

The Master Plan is a legally approved document and would require a legal hearing and new approval for any changes.

[Carlsbadliving]

Thanks for the help. I’ll be contacting my broker tomorrow to get more info on my particular money market fund.

[Carlsbadliving]

Thanks for the help. I’ll be contacting my broker tomorrow to get more info on my particular money market fund.

[Carlsbadliving]

Thanks for the help. I’ll be contacting my broker tomorrow to get more info on my particular money market fund.

[Carlsbadliving]

He mentions risks to money market funds. What are the risks to these? I transferred most my funds to a money market last year and assumed it was pretty safe.

[Carlsbadliving]

He mentions risks to money market funds. What are the risks to these? I transferred most my funds to a money market last year and assumed it was pretty safe.

[Carlsbadliving]

He mentions risks to money market funds. What are the risks to these? I transferred most my funds to a money market last year and assumed it was pretty safe.

[Carlsbadliving]

Bubblesitter,

Are you aware that the voters of Carlsbad approved a growth management plan in 1986 that set caps on the number of units in each quadrant of the City? And at buildout, each quadrant will have LESS than that number.

The Planning Commission isn’t approving any development that hasn’t been planned for decades. Furthermore, each homebuyer in Bressi is required to be legally made aware of the noise impacts involved. They were all well aware of the impacts. Nobody made them buy a house there.

[Author]

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