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Fearful
ParticipantI’m in Torrey Hills; it’s an unusual house in that it is 4BR but just 1700 sf. The development, Sausalito, has 4BR / 1700sf, 4BR / 1900 SF, and 5BR / 2100 SF. Location is perfect for the kids, as it is right across the street from the elementary school, but the floor plan is annoying and the interior quality is sad – all the builder minimum stuff, real crap. $2850.
ParticipantI’m in Torrey Hills; it’s an unusual house in that it is 4BR but just 1700 sf. The development, Sausalito, has 4BR / 1700sf, 4BR / 1900 SF, and 5BR / 2100 SF. Location is perfect for the kids, as it is right across the street from the elementary school, but the floor plan is annoying and the interior quality is sad – all the builder minimum stuff, real crap. $2850.
ParticipantThanks! I’ll check in with LJ realty and see what’s up.
ParticipantThanks! I’ll check in with LJ realty and see what’s up.
ParticipantThanks! I’ll check in with LJ realty and see what’s up.
ParticipantThanks! I’ll check in with LJ realty and see what’s up.
ParticipantThanks! I’ll check in with LJ realty and see what’s up.
ParticipantWell, I don’t exactly wonder why the rental prices are so high, at least in light of the purchase prices, but still I wonder who all these people are that afford these houses. Carmel Valley ain’t a small area.
Anyway, my original calculations were a bit off – sorry to get folks’ feathers ruffled – they were including savings in the form of 401k and stock purchase plan (10% of gross); with those backed out, my take home pay was about $7K a month. Still, I can’t imagine spending 4/7 of my take home pay on housing!
And lest we forget – that $1M house renting for $4K a month – the owner is losing money at a pretty rapid rate. Overall gross cash outflow on such a house would be more than $6K a month, no? One good reason to look into the owner’s financing situation before renting!
ParticipantWell, I don’t exactly wonder why the rental prices are so high, at least in light of the purchase prices, but still I wonder who all these people are that afford these houses. Carmel Valley ain’t a small area.
Anyway, my original calculations were a bit off – sorry to get folks’ feathers ruffled – they were including savings in the form of 401k and stock purchase plan (10% of gross); with those backed out, my take home pay was about $7K a month. Still, I can’t imagine spending 4/7 of my take home pay on housing!
And lest we forget – that $1M house renting for $4K a month – the owner is losing money at a pretty rapid rate. Overall gross cash outflow on such a house would be more than $6K a month, no? One good reason to look into the owner’s financing situation before renting!
ParticipantWell, I don’t exactly wonder why the rental prices are so high, at least in light of the purchase prices, but still I wonder who all these people are that afford these houses. Carmel Valley ain’t a small area.
Anyway, my original calculations were a bit off – sorry to get folks’ feathers ruffled – they were including savings in the form of 401k and stock purchase plan (10% of gross); with those backed out, my take home pay was about $7K a month. Still, I can’t imagine spending 4/7 of my take home pay on housing!
And lest we forget – that $1M house renting for $4K a month – the owner is losing money at a pretty rapid rate. Overall gross cash outflow on such a house would be more than $6K a month, no? One good reason to look into the owner’s financing situation before renting!
ParticipantWell, I don’t exactly wonder why the rental prices are so high, at least in light of the purchase prices, but still I wonder who all these people are that afford these houses. Carmel Valley ain’t a small area.
Anyway, my original calculations were a bit off – sorry to get folks’ feathers ruffled – they were including savings in the form of 401k and stock purchase plan (10% of gross); with those backed out, my take home pay was about $7K a month. Still, I can’t imagine spending 4/7 of my take home pay on housing!
And lest we forget – that $1M house renting for $4K a month – the owner is losing money at a pretty rapid rate. Overall gross cash outflow on such a house would be more than $6K a month, no? One good reason to look into the owner’s financing situation before renting!
ParticipantWell, I don’t exactly wonder why the rental prices are so high, at least in light of the purchase prices, but still I wonder who all these people are that afford these houses. Carmel Valley ain’t a small area.
Anyway, my original calculations were a bit off – sorry to get folks’ feathers ruffled – they were including savings in the form of 401k and stock purchase plan (10% of gross); with those backed out, my take home pay was about $7K a month. Still, I can’t imagine spending 4/7 of my take home pay on housing!
And lest we forget – that $1M house renting for $4K a month – the owner is losing money at a pretty rapid rate. Overall gross cash outflow on such a house would be more than $6K a month, no? One good reason to look into the owner’s financing situation before renting!
ParticipantThe smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.
Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?
ParticipantThe smaller the sample size, the noisier is the median. You cannot look at a median selling price in a sub-area such as OB and draw any meaningful conclusions. I frankly despise any quotation of median prices for this very reason.
Ironically, the article’s quoted buyer supposed got a $350K discount on the original listing price of the house she bought. Doesn’t sound quite like a strong market, now does it?
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