[fromnj]

Dear PerryChase

Your comment made sense perfectly. I did not know such regulation existed. Actually, it makes sense that those foreclosed houses should not be a really fixed asset for the bank, but should return to the hands of people so that it can fulfill the objective of its existence.

Thanks,

[fromnj]

I am just curious if there is a management company that becomes a landlord for the banks since there are already such companies existed to manage commercial properties.

I forgot the exact number, but there are several amortization methods up to 10, 15 years etc. So, that’s why it is difficult for me to understand the benefit of selling houses in such a short time by banks. So, they can wait for many years until they fully amortize their assets and can decide what to do about it when the time comes.

[fromnj]

I am just curious if there is a management company that becomes a landlord for the banks since there are already such companies existed to manage commercial properties.

I forgot the exact number, but there are several amortization methods up to 10, 15 years etc. So, that’s why it is difficult for me to understand the benefit of selling houses in such a short time by banks. So, they can wait for many years until they fully amortize their assets and can decide what to do about it when the time comes.

[fromnj]

Dear recordsclerk

I have a question about bank-owned houses. I do not understand why banks need to move their asset so soon. Is there any benefit to do so?

As far as I know, they love to own physical assets like buildings. My classmates from the college works for bank to buy power plants etc since they can deduct the cost they amortized from the tax. I simply do not know the difference between the residential house and commercial building in terms of asset management and tax point of view.

Could you educate me a little?

[fromnj]

Dear recordsclerk

I have a question about bank-owned houses. I do not understand why banks need to move their asset so soon. Is there any benefit to do so?

As far as I know, they love to own physical assets like buildings. My classmates from the college works for bank to buy power plants etc since they can deduct the cost they amortized from the tax. I simply do not know the difference between the residential house and commercial building in terms of asset management and tax point of view.

Could you educate me a little?

[fromnj]

rb_engineer,

Thanks for the info. That is what we were guessing. I agree with you about the location, it is nicer than Del Sur or 4S Ranch.

Anyway, I was looking at the west side of Camino Del Sur where much smaller lots have been built in Santaluz. They are more reachable in terms of price range.

In my opinion, the value of those houses selling at 1M or over in that particular area may loose much weath over the years due to its poor community planning. It is discussed about it in a different topic before, but those houses have a garage on their backside of house and the garages are facing at each other (face to face) between a very narrow street. So, if your neighbor parks a car for car wash in front of their garage, you cannot get your car out of garage. And there a lot of street parking going on since there is no drive way. And then my wife has more complains.

I will not be so suprised if it is going back to the original price range like 700K in 3-5 years from now when Del Sur starts selling more units. On the other hand, the east side of camino Del Sur has very different design, but more expensive.

[fromnj]

rb_engineer,

Thanks for the info. That is what we were guessing. I agree with you about the location, it is nicer than Del Sur or 4S Ranch.

Anyway, I was looking at the west side of Camino Del Sur where much smaller lots have been built in Santaluz. They are more reachable in terms of price range.

In my opinion, the value of those houses selling at 1M or over in that particular area may loose much weath over the years due to its poor community planning. It is discussed about it in a different topic before, but those houses have a garage on their backside of house and the garages are facing at each other (face to face) between a very narrow street. So, if your neighbor parks a car for car wash in front of their garage, you cannot get your car out of garage. And there a lot of street parking going on since there is no drive way. And then my wife has more complains.

I will not be so suprised if it is going back to the original price range like 700K in 3-5 years from now when Del Sur starts selling more units. On the other hand, the east side of camino Del Sur has very different design, but more expensive.

[fromnj]

Dear rb_engineer

We are also looking Santaluz, but I cannot convince my wife to pay attention to the area due to their community plan and the current selling price.

So, what do you think of the range of discount towards the end of year? Currently, they are selling at 1M or over.

Then, I am going crazy when I see a lot of new homes are been built in Santaluz even though many houses are still on the market for sale. It seems that rich people have weath to live in what they want and do not pay attentions to what is on the market.

[fromnj]

Dear rb_engineer

We are also looking Santaluz, but I cannot convince my wife to pay attention to the area due to their community plan and the current selling price.

So, what do you think of the range of discount towards the end of year? Currently, they are selling at 1M or over.

Then, I am going crazy when I see a lot of new homes are been built in Santaluz even though many houses are still on the market for sale. It seems that rich people have weath to live in what they want and do not pay attentions to what is on the market.

[fromnj]

I heard the news the other day that the people in Kearny Messa wanted the airport to move out of town and wants to have more new homes and commercial properties for their own busintess.

I am not sure of the future, but who is actually using that local airport anyway. I might be wrong, but it looks like it cannot even host a small commuter/business jet since it is really so small. But if they are hosting the jet, I understand that people do not want to live there even it is close to great restaurants along convoy st.

[fromnj]

I heard the news the other day that the people in Kearny Messa wanted the airport to move out of town and wants to have more new homes and commercial properties for their own busintess.

I am not sure of the future, but who is actually using that local airport anyway. I might be wrong, but it looks like it cannot even host a small commuter/business jet since it is really so small. But if they are hosting the jet, I understand that people do not want to live there even it is close to great restaurants along convoy st.

[fromnj]

We visited a few times last Octover/November to see their apartment right accross the street. Their floor plan was very nice and we were in the waiting list to move into their newer part of apartment building. But at the end, there was no call from them. I thought the floor plan between apartimet and condo were very similar.
We were also looking to rent their condo/townhome, but the available ones at that time were all situated on the second floor, so we passed.

It looks like the situation got changed dramatically since then. I realized that the noise came from airport or airplane, but my wife’s co-worker actually is currently living one of apartment buildings. And then it seems that she likes living there for now.

[fromnj]

We visited a few times last Octover/November to see their apartment right accross the street. Their floor plan was very nice and we were in the waiting list to move into their newer part of apartment building. But at the end, there was no call from them. I thought the floor plan between apartimet and condo were very similar.
We were also looking to rent their condo/townhome, but the available ones at that time were all situated on the second floor, so we passed.

It looks like the situation got changed dramatically since then. I realized that the noise came from airport or airplane, but my wife’s co-worker actually is currently living one of apartment buildings. And then it seems that she likes living there for now.

[fromnj]

More precisely, people are running out of money to buy a decent house in San Diego. It will be much more serious issue than the ones you listed. In 92127, no worries, Del Sur has a lot of land, and will have many more houses to come (2500+). I do not think they will exhaust houses to sell in next 10 years.

[fromnj]

More precisely, people are running out of money to buy a decent house in San Diego. It will be much more serious issue than the ones you listed. In 92127, no worries, Del Sur has a lot of land, and will have many more houses to come (2500+). I do not think they will exhaust houses to sell in next 10 years.

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