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(former)FormerSanDiegan
ParticipantThe problem with price per sq ft is that it varies wildly across different areas/neighborhoods for the simple reason that lot value is often as much the value of the property as the structure.
There is a huge offset in some areas of Southern California. SO, instead of valuing a property as Value = A*x, where x is the value per square foot and A is the square footage, it is more like Value = Ax+ b, where “b” is the lot value.
Variations in number of bathrooms, condition of the property etc make this even more difficult and maybe even useless, but at least it’s better than price/sq foot.
ParticipantThe problem with price per sq ft is that it varies wildly across different areas/neighborhoods for the simple reason that lot value is often as much the value of the property as the structure.
There is a huge offset in some areas of Southern California. SO, instead of valuing a property as Value = A*x, where x is the value per square foot and A is the square footage, it is more like Value = Ax+ b, where “b” is the lot value.
Variations in number of bathrooms, condition of the property etc make this even more difficult and maybe even useless, but at least it’s better than price/sq foot.
ParticipantThe problem with price per sq ft is that it varies wildly across different areas/neighborhoods for the simple reason that lot value is often as much the value of the property as the structure.
There is a huge offset in some areas of Southern California. SO, instead of valuing a property as Value = A*x, where x is the value per square foot and A is the square footage, it is more like Value = Ax+ b, where “b” is the lot value.
Variations in number of bathrooms, condition of the property etc make this even more difficult and maybe even useless, but at least it’s better than price/sq foot.
ParticipantThe problem with price per sq ft is that it varies wildly across different areas/neighborhoods for the simple reason that lot value is often as much the value of the property as the structure.
There is a huge offset in some areas of Southern California. SO, instead of valuing a property as Value = A*x, where x is the value per square foot and A is the square footage, it is more like Value = Ax+ b, where “b” is the lot value.
Variations in number of bathrooms, condition of the property etc make this even more difficult and maybe even useless, but at least it’s better than price/sq foot.
ParticipantGreed? No I just want a reasonably priced home for my family and I’ve been waiting 10 years for it. Soon the patience will pay off.
10 years ???? I hope you are kidding, since 10 years ago was pretty darn close to a generational (25-year) peak in housing affordability in San Diego.
Anyway, back to the troll’s comment … It is the vultures and the savers who will come in and clean up the mess and establish the foundation in the market over the next couple years.
ParticipantGreed? No I just want a reasonably priced home for my family and I’ve been waiting 10 years for it. Soon the patience will pay off.
10 years ???? I hope you are kidding, since 10 years ago was pretty darn close to a generational (25-year) peak in housing affordability in San Diego.
Anyway, back to the troll’s comment … It is the vultures and the savers who will come in and clean up the mess and establish the foundation in the market over the next couple years.
ParticipantGreed? No I just want a reasonably priced home for my family and I’ve been waiting 10 years for it. Soon the patience will pay off.
10 years ???? I hope you are kidding, since 10 years ago was pretty darn close to a generational (25-year) peak in housing affordability in San Diego.
Anyway, back to the troll’s comment … It is the vultures and the savers who will come in and clean up the mess and establish the foundation in the market over the next couple years.
ParticipantGreed? No I just want a reasonably priced home for my family and I’ve been waiting 10 years for it. Soon the patience will pay off.
10 years ???? I hope you are kidding, since 10 years ago was pretty darn close to a generational (25-year) peak in housing affordability in San Diego.
Anyway, back to the troll’s comment … It is the vultures and the savers who will come in and clean up the mess and establish the foundation in the market over the next couple years.
ParticipantGreed? No I just want a reasonably priced home for my family and I’ve been waiting 10 years for it. Soon the patience will pay off.
10 years ???? I hope you are kidding, since 10 years ago was pretty darn close to a generational (25-year) peak in housing affordability in San Diego.
Anyway, back to the troll’s comment … It is the vultures and the savers who will come in and clean up the mess and establish the foundation in the market over the next couple years.
ParticipantMaybe it’s just me, but I find it odd that someone with a pseudonym containing the term “contra” is citing the USA Today, MSN.com as well as comments from Warren Buffett to support their position.
As for Warren Buffett. I agree that he is an investment genius. But his batting average is not 1.000.
ParticipantMaybe it’s just me, but I find it odd that someone with a pseudonym containing the term “contra” is citing the USA Today, MSN.com as well as comments from Warren Buffett to support their position.
As for Warren Buffett. I agree that he is an investment genius. But his batting average is not 1.000.
ParticipantMaybe it’s just me, but I find it odd that someone with a pseudonym containing the term “contra” is citing the USA Today, MSN.com as well as comments from Warren Buffett to support their position.
As for Warren Buffett. I agree that he is an investment genius. But his batting average is not 1.000.
ParticipantMaybe it’s just me, but I find it odd that someone with a pseudonym containing the term “contra” is citing the USA Today, MSN.com as well as comments from Warren Buffett to support their position.
As for Warren Buffett. I agree that he is an investment genius. But his batting average is not 1.000.
ParticipantMaybe it’s just me, but I find it odd that someone with a pseudonym containing the term “contra” is citing the USA Today, MSN.com as well as comments from Warren Buffett to support their position.
As for Warren Buffett. I agree that he is an investment genius. But his batting average is not 1.000.
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