[Coronita]

There is some slowdown in the higher proceed homes…Things aren’t moving as fast and there is so e wiggle room on price. But that might be because sellers are still asking a lot and maybe can still afford to keep it on the market longer…..

It feels like any sort of correction will be a long drawn out slow trickle…
.
I can’t speak for other industry, but tech still seems to be doing quite well. There has been some impact to H1B sponsorship and that has driven up wages for tech workers well qualified imho.

[Coronita]

[quote=Astrid Rey][quote=temeculaguy]I do not dispute any of your assertions phaster, just trying to correct brian’s comment where he said the conservative court will likely take the case. He was missing the point as to why there were recent posts because the news of the day was they already reviewed and declined to take up the case. As a follower of scotus but not the city’s pension I was trying to point out and give an analogy that brian’s comment was akin to saying that team X will lose the game because of y, when in fact the game ended an hour ago and they won. And as a younger man I would have challenged him with a wager, seeing that he was predicting the outcome of something that already happened and the result was the opposite of what he predicted.[/quote]

Why are so many of your posts about someone named brian?

I fear you may be suffering from brian derangement syndrome.[/quote]

FlyerInHi was really BrianSD before BrianSD got banned for threadjacking and threadcrapping just about non political thread with irrelevant political shit. It was one of the few times anyone got banned from an otherwise anything goes blog.

Not long after BrianSD was banned, FlyerInHi appeared, doing relatively the same thing, with though slightly more subtly. However, it really is the same person. The writing style, the subjects, they same political dribble….probably the same IP address. Old timers know FlyerInHi is really BrianSD, trying to fly right below radar to not get banned twice…That’s why, occasionally, you’ll see him dig up old threads that with the only purpose to stir things up by posting progressive versus non progressive thing, even when the majority of old timers who were only here for real estate and finance content have long gone. And then when someone calls BrianSD out for doing it, he will disappear for a few days, or make fake post about the economy or real estate just enough to remain under the radar for getting banned again for threadjacking and threadcrapping…although no old timer really posts here regularly to ellicit care from the site owner to ban BrianSD again….

You see, there are several political threads that really are about dialog. and there are the threads that BrianSD post that are meant more to troll….so much that even some moderate leaning people have told him to shut up. it’s not that there is really anything wrong with some progressive ideology or democrats or moderate social issues…But BrianSD, again for the purposes of trolling, intentionally adopts an altleft persona just to stir things up while being an extreme hypocrite at the same time .. That’s why , despite years of telling others that “we” should pay more taxes , and the government should regulate more, to the point we thought he was just vomitting from the mouth .. there was sort of a really hysterical moment when he posted on one thread about how he was pissed with neighbors who apparently filed a complaint with the HOA of one of his properties because apparently BrianSD was doing some remodeling without getting the required HOA approvals or building permits and was complaining about rules, regulations, and the hassle of doing thst…something BrianSD in his soapbox had been preaching all along …to which the rest of us were laughing our asses off thinking he sort of had that coming …Or there was the other instance when he went off a tangent about how people should pay more taxes to support the poor, less fortunate, and more social programs…and then not so long down the same thread of posts on that subject, a few of us got him to admit he use to buy stuff online with the specific purpose of avoiding paying sales tax…. These are the sort of classic BrianSD moments that are just golden. For every other moment there is a nice ignore button.

So for a lot of us old times, we know what he’s really doing. He feels he needs a forum to post his trolling alt left viewpoint, despite his own hypocrisy. Piggington is the perfect place for him to do it because literally it’s unmoderated. Thats why he continues to threadjack and threadcrap and start new threads on this sort of subject instead of doing this, say on Faux News blogs. He wants an audience and needs an audience so he can get on his extreme trolling alt-left soapbox without getting slapped in the face and banned like he has or would be on any other website. There is an excessive compulsive like addiction between alt-left post by BrianSD and this real estate website…just like some people are addicted to chocolate, and some people are addicted to porn… and others are alcoholics… same thing…

And that is why TG have said what the hell is going on here.. Because everyone remembers how this site was and who occupied just about every thread now… It has nothing to do with Trump or democrats, though the shear mention of Trump does have a tendency to polarize people immediately, which is an interesting thing. I guess it’s the same reaction some people get when they hear AOC, lol….(I hate both of them frankly, before you accuse me of being a Trump lover…but then again, I always believed America is great because politicians never know what they are doing so long as they can’t agree on how to waste our money, they tend to leave is alone. which is why as awful as some Republicans and Democrats are, you want a mix of both of them so neither of them can do anything drastic in our government, except very important things…..

There are other people that come here that specially post off tooics too. Phaster and BG(aka berishgurl) love to stir things up specially talking about public pensions. Phaster loves to post about pension crisis and doom and gloom government implosion.. I think he has his own blog previously about peak oil, and since that was proven to be a myth, I think he’s posting here trolling for eyeballs on his new subject flavor of the month…BG is enjoying living off a government pension and of course doesn’t want it to get taken away and so gets defensive when someone mentions pension reform. after all, there were some really nice beds in some of the government workplace bathrooms that she use to use regularly use while working, according to one of her posts…We wouldn’t want things like that to be cut because of a government budget crisis!

Any other question?

[Coronita]

I’m not a big believer in selling a primary home to “make money” unless you already have another home lined up to move into that you bought at a discount or you already have other plans to move out of the area.

So even though you get the $200k capital gains tax benefit….

Why? So you can

..pay about 5-8% closing costs/commission to sell
..pay monthly rent which is probably the same or more than your current mortgage payments (if any), and not have any tax benefits for the rent payments you make (unlike mortgage interest)
..and possibly buy back with a mortgage with a much higher rate and possibly pay higher property taxes

For you to come out ahead, you’re assuming that property values will fall more than all those other things above (an other things I didn’t list) that are additional cost items you will incur just to break even. My crystal ball isn’t so clear and can’t say with a high probability that is the case… Doomsayers will say otherwise. But it’s certainly not something I would personally do only for a $200k gain….. unless you are totally cash strapped and/or plan on moving to a much lower cost area like Mexico.

I talked about this conundrum with many folks. Yes, when home prices go up, you’re really happy because the property value of your primary goes up. You’re initial response is “wow, I can sell this place”, make a lot of money, and “do something with the extra money”… And then reality hits. Shit, I still need a place to live…. And then reality sucks… Well, shit, that place that I really like now costs a heck of a lot more…And crap, if I buy it now, I need to pay a heck of a lot more in property taxes than I did before….So my exit strategy was… Take advantage of either a low mortgage OR a very awesome equities market so that you can pay off your mortgage…and rent your primary house at the ridiculous high prices the current market conditions allow you to… to maximize your rental income while the going is good….Your rental income across your properties just might more than cover the new mortgage payments of the new home you are thinking about.

[Coronita]

Since it’s CNN, it can’t ever be biased (sarcasm)

“CNN Poll: 7 in 10 say economy in good shape — and Trump may reap the benefits”

https://www.cnn.com/2019/03/18/politics/cnn-poll-trump-economy-tech/index.html

Sorry, that’s really disappointing news for you BrianSD. It must feel horrible to experience the feeling of a good econmoy an Trump era that is despised.

Oh, and…

[quote=FlyerInHi]We are 10 years into an expansion. We are due for a cyclical recession.
Brexit is about to happen and the consensus of economists is bad. Italy is in recession, Germany is about to enter recession, so Europe as a whole will soon enter recession. China is slowing.

Im saying at least a cyclical recession, I’m not even talking Great Recession.

Actually, according to fiscal hawks, we should have a Great, Great recession because of runaway spending. Suddenly the fiscal conservatives are nowhere to be found.

I didn’t say don’t buy. I advised Astrid to buy or rent something small and affordable and save her money, then buy something nicer after a recession is announced. She’s young, she can afford to wait and then buy and upgrade only during recessions.

According to Amy Chua, the tiger mom, impulse control is part of the Triple Package of successful people.[/quote]

Thanks for your response to my previous post, BrianSD, and formerly confirming that you really the same as FlyerInHi..

You did a pretty good job until now to not respond to your old handle, but gotcha!

You can now change your handle to the “TheRealBrianSD”, kinda like what Trump does with his Twitter handle, heh heh.

[Coronita]

BrianSD thinks there’s a doom and gloom depression because the economy can’t possible do well if conservatards are running part of the government, and trying to rationalize it. Kinda similar to conservatards that thought the economy was going to hell with Obama.

[Coronita]

[quote=AN]TG, feel free to pm me if you want to get more insight in MM.[/quote]

+1…

[Coronita]

Again, I’ll make the argument that the Great Recession and real estate collapse had more to do with sketchy financing than high home prices. Where are the majority of the sketchy mortgages, like we had during the Great Recession? I don’t think there are many…

Second, I don’t understand why people feel San Diego would fall relatively more than other places, say Northern California or even L.A. San Diego’s strength seems to me a more diversified economy of various industries. Where as in Nor Cal, it’s much more concentrated specifically in one sector, and to a lesser extent, same could be said for L.A.

I’m not disagreeing their could be a recession or RE prices here in SD will stall and start to decline. But a big bang? Unlikely.

[Coronita]

AN can correct me since he’s the leading Mira Mesa guy, and I’m just a Mira Mesa apprentice (but hey, at least I’m not a LETDLITA of Mira Mesa!)

You’re talking about Casa Mira View off of Westview Parkway..

In general, imho, stay far away from corporate running large scale apartment complexes for the following reasons

1. Expensive
2. They don’t care
3. Hodgepodge of tenants that live there, some that end up being sketchy. Could end up your neighbor.

So I would avoid the following places (and you can confirm with reviews)
https://www.google.com/search?q=apartments+92126

1. Casa Mira View
2. IMT of Sorrento Valley (it’s not really in Sorrento Valley, it’s Mira Mesa, those liars!)
3. Sofi of Westview Parkway
4. Sofi Highlands
and the list goes on an on.

Unfortunately ,Mira Mesa housing supply is just awful whether you are trying to buy or rent.

The majority of the rentals available are overpriced corporate run apartments, because the turnover for privately owned condos are so low. And the ones that do turnover, tend to be landlords that try to milk every last penny out of tenants, someone you don’t want to rent from…

I would use Zillow to look for housing because lately Craigslist has become sketchy at best for finding rentals… Sketchy for the landlords looking for tenants, sketchy for tenants looking for a place to live. Zillow is so much more civilized. Thank you sdrealtor for that recommendation!

Some places that are decent are right around where the major corporate run housing is

Privately owned condos in Mira Mesa include
condos off of Aderman
condos off of Capricorn
condos off of Camino Ruiz

I would stay away from the condos east of Camino Ruiz to Black Mountain Road, but that’s just me

There are some townhomes in the Westview area off of Westview Parkway. I’ve never been a big fan of Westview, but some people like the convenience of being able to hop on the 15 easily. Plus some people that live here were successful in petitioning their kids to get into Scripps Ranch school, without paying for Scripps Ranch priced housing.

I like the community called Water Ridge right in Sorrento Valley, but it’s kinda removed away from the major shops and strips mall.
http://wateridgetownhomes.com/
Again, all these are individually owned.

There’s also a lot of nice condos on the other side of Mira Mesa, as AN mentioned, off of Calle Cristobal. This is on the border of Sorrento Valley and Mira Mesa (yes folks, if you live off of Calle Cristobal, it’s still Mira Mesa, not Sorrento Valley as some of you claim it is, because you still have a 92126 zip code, not 92121…not that it matters…to other people at least)

If they do work in Sorrento Valley, there’s also the option of living in UTC, were there is a lot more housing too…

Further north, there also will be a some more housing in Carmel Valley once One Paseo is built… It’s going to be overpriced, it’s ugly, it’s a beast, and traffic will be just awful, and probably filled with pretentious people with fake money and fake boobs.. But hey, welcome to the new part of Carmel Valley 🙁

One Paseo

[Coronita]

[quote=utcsox]

I guess now we know Asians are not concerned living in housing that lack interior walls + infested with lizards!![/quote]

You got us all wrong utcsox. You see, while AN disappeared from piggington for some time, he and I were applying our natural born acumen of mathematics to derive a formula to calculate the approximate value of a SFH in Mira Mesa, adjusted for the extra variables that were previously unaccounted for in most standard estimations of MM SFH home prices….Our revised formula includes two critical variables:

walls removed and weekly lizard sightings ..

We so far came up with this formula:

P(SFH_MM)= SQFT * [ PPSF_AVG_MM) * 1/e^(w-w0) * (liz/52) ]

where
P(SFH_MM): the estimated price of a SFH in Mira Mesa
SQFT: is the square footage of that home
PPSF_AVG_MM: the average ppsf of a SFH in MM
w0: number of walls originally in the house
w: number of walls left in the house after remodeling
liz: total number of lizards spotted on premise within 52 weeks.

You see, the rational is very simple.
Too many walls = bad feng shui. Fewer walls = good feng shui.

Also, lizards are good luck. The translation of lizards means “avoid disaster”. So if you see a lizard each week, that’s a week you’ll likely avoid disaster. More lizards, the better your feng shui will be…

What the Gecko Lizard Emblem on Cars in China Mean

[Coronita]

[quote=AN]flu, thanks. I come here once in awhile to see if there’s anything worthwhile to post about (i.e. anything other than politics).

Yes, MM is on fire. But so is almost everywhere else in SD, IMHO. A run down 2/2 1000 sq-ft but with canyon view is around $540k now. A 3/2 1100 sq-ft is going for low to mid $600k. That’s pretty crazy.It’s no longer a boring suburb it used to be. It’s close to all the tech jobs in Sorrento Valley, the banking jobs in UTC. Then there’s the rumor of Apple opening up shop in either SV or UTC. Google is already in SV, so it’ll be interesting to see if they’ll start to expand here. Then there’s AMZN’s new campus that should open soon in UTC. Food options are starting to creeping up to Convoy level, but with much better parking. Much more Asian family vibe, hence so many Asian markets. Not to mention the craft beer scene. Once 3Roots open, it’ll definitely attract the younger crowds. My kids’ class are definitely very diverse, unless you think all Asians are the same lol.[/quote]

Damn all those lizards in far flug areas

[Coronita]

stirring shit up again Brian, I see.

[Coronita]

AN.. I miss you.. Where have you been? I’ve been holding the fort down…… help me!!!!!

Mira Mesa is on fire. It’s cool and hip…. unfortunately, MM is really expensive now too.

Townhomes starting in the low 5’s.
Starter SFH in the low 6’s

Lots of Asian shops now, a spillover of the type of businesses you use to find only off of Convoy.

[Coronita]

Well, to be fair who is front and center speaking these days…

AOC: we need to tax robot makers 90%

Warren: we need to break up Google, Facebook.

Warren: we need to break up Apple too

and the list goes on and on…

as a tech worker and as a business owner, this should be pretty alarming. it’s not any one particular thing.. It represents a complete lack of understanding and a gross overreach if these nutjobs actually were to win, no different than Trump’s ignorance.

these nutjobs are making the entire Democrat party look awful, particularly all the moderates that one could get behind.

AOC is a complete moron, the exact opposite of moron Trump. And this is the best both parties have to offer..
That’s just sad.

I for one am sick of the extremities coming out of both parties. Both are equally terrible in different ways. Rather than to make this country better, both extremities are fixated in assessing blame.

[Coronita]

ZK, I don’t think TG was referring to you .. I think TG was referring to most of the threads BrianSD digs up to stir shit up over and over again.

Right BrianSD?

[Coronita]

[quote=moneymaker]Ok I’ll give it a try, Of the big 3 home builders why can’t one of them build a bunch of 3 bed/2 bath, 1200-1800 sq. ft. homes that are affordable preferably without HOA’s.
Instead they build these McMansions thinking that people who already own homes are going to upgrade. Surprise! a lot of those people that own older smaller homes don’t want the higher taxes and/or interest rates. Common sense to me, but I guess the 2 story McMansions on cookie cutter lots has better profit margins. Most first time home buyers don’t need a McMansion! If anyone knows of a new build SFH in San Diego County that is a single story 3/2 for under 400k with no HOA let me know. There used to be some out in Campo a long time ago, those were the cheapest ones I can remember.[/quote]

you answered your own question.
There’s still a healthy stream of these “McMansion” buyers such that builders don’t need to build smaller
home. And they would rather build these larger homes since they have bigger margins. That might chsngr in the future…but for now, it’s what it is.

And some of these smaller home owners probably got in at killer price or loan such that they can keep their smaller homes as rentals, given how much it costs to rent these days. your other tenants end up paying for your larger home’s mortgage and property tax and HOA.

[Author]

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