[Coronita]

[quote=scaredyclassic]2.59 perc tax free.

So really 4. Or wait…is this taxable?[/quote]

Taxable. Of course.

[Coronita]

[quote=deadzone][quote=sdrealtor]Z up 10%+ today[/quote]

Well, still down about 75% from its peak. Trend is pretty clear. These rapidly rising interest rates will destroy Zillow and all the ibuyers.[/quote]

He’s back, when the markets are down. Please, we need more dz crash cheerleading.

[Coronita]

[quote=limkotir][quote=an]https://www.redfin.com/CA/San-Diego/10484-Flanders-Pl-92126/home/6398700

Closed at $1.51m, $310k above asking.[/quote]

Oh wow. Looking at the pictures, the home is remodeled tastefully, located in a cal-de-sac, and 1-min walk next to the new elementary school and park (both important to starting families).

I guess for first time buyers, start look at condos or townhouses to get exposed to the local market — even homes in undesirable locations are being snapped up like hotcakes in this market, was hoping folks would leave those for first SFH buyers.

Which brings me to ask another question to those who are much experienced with the SD market. All things being equal, how much less should a Single Family House (SFH) be, each valued independently, versus a SFH which does not carry those unchangeable characteristics:

1) Next or close to a freeway (noise issue)
2) Located on a double yellow line neighborhood (traffic issue)
3) Zero lot line, red colored curb, in front of the house (no parking in front of the house)
4) No driveway (gotta use your garage for parking your car, lose storage use for garage)

I understand each person would value the above characteristic very differently based on their needs, just looking for some directional / general guidance.[/quote]

2 and 3 are not a big deal.

1, if you live in 92130 or Mira Mesa, you’re bigger issue is being next to Miramar. Hasn’t stopped people from buying homes in 92130 or 92126.

4, not sure that would be a big deal. Price to pay for home ownership these days.

[Coronita]

[quote=sdrealtor]Complete fixer of a house listed in MM a few days ago. Offer deadline is today. Offers need to be all cash. They are over 20 offers already[/quote]

https://www.redfin.com/CA/San-Diego/7852-Tampico-Ct-92126/home/4570382

This one. 20 offers at least over $700k cash.

Seems like a lot of people have a lot of cash.

[Coronita]

I’d rather be dumb, wrong and make money…
than smart, right, and lose money…

lol

[Coronita]

I’d rather be dumb, wrong and make money…
than smart, right, and lose money…

lol

[Coronita]

[quote=an][quote=sdrealtor][quote=deadzone]But seriously there are many signs that the stock market may be on the verge of a major crash. So if you insist on buying equities today, recommend you stick with high value (low PE) stock funds at least, not tech heavy or high PE stuff.[/quote]

NFLX on 3/8 $345
NFLX on 4/4 $395[/quote]
My call is in the money now, right?[/quote]

FAKE NEWS

How’s peloton doing?

[Coronita]

Good morning dz…need help. Can you crap on home builders this morning? Want a rally for NAIL these next few days

[Coronita]

It’s not Monday yet, dz… Save the contrarian rally for tomorrow!

[Coronita]

[quote=FormerSanDiegan][quote=deadzone]
Given that our economy is almost exclusively reliant on housing and associated wealth effect…
[/quote]

Housing is a significant driver, but by “almost exclusively” do you mean 99%, 95 % of the economy or what percentage ?
I would like to see the data that supports this.[/quote]

No data, mainly sour grapes from missing Great opportunity of a lifetime driving this….GOOAL…., exclusively.

[Coronita]

I feel bad with all these very wealthy people moving here , I totally emphasize with flyer who has for awhile now been knocked out of the top weathy class of people of San Diego. It’s ok to lose exclusivity and be average Joe, flyer..On the bright side, you no longer need to keep up with the Joneses..Life should be a lot easier for you now.

[Coronita]

Children…. children.

Let’s stop this right now

..it’s Friday…..

….the markets are closed….

….let’s continue this Monday when the markets are open…..

[Coronita]

Thanks dz. When you made your post I was down like $3k…after you made your post, and at closing, I’m up $4k.

Appreciate it. Same time , same thing Monday?

Just one more favor…I’m contempting a new job that does a lot of partnership with Shopify.

If it pans out well from both sides, could I let you know and you can you please start a thread about how horrible Shopify is and short it????

[Coronita]

https://www.redfin.com/CA/San-Diego/7215-Rock-Canyon-Dr-92126/home/4544095

$1.7 million

Beverly Mesa!

[Coronita]

And like clockwork, Dow is up 88pts from being negative to flat this morning.

Go DZ Go!!!!!

[Author]

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