[george]

I’ve been closely watching $2M range homes in Rancho Santa Fe & Olivenhain (rural Encinitas)markets for the last 15 months. I’m still seeing mostly price reductions week after week. A number of the properties I’ve been watching have sold, but so far I haven’t had to kicked myself over any missed opportunities. I think the high-end market will drop another 10-20% and it will be AT LEAST 12 months before that happens. At this time, I would be very reluctant to buy anything priced at 2004, or later, levels. My guess is that we will see 2002 prices (not factoring in inflation) by spring of 2011. Keep in mind that if a person buys now with 20% down and prices drop even 10% they have lost 50% of their investment. A previous poster made the point about the huge home equity gains, and easy jumbo loans in the past. These forces are no longer present to drive upgrades to the higher end market and it takes a long time for most people to save up for a down payment (or to make up for a investment loss) if they have to do it the old fashined way of banking their excess dollars & coins the end of the month.

[george]

I’ve been closely watching $2M range homes in Rancho Santa Fe & Olivenhain (rural Encinitas)markets for the last 15 months. I’m still seeing mostly price reductions week after week. A number of the properties I’ve been watching have sold, but so far I haven’t had to kicked myself over any missed opportunities. I think the high-end market will drop another 10-20% and it will be AT LEAST 12 months before that happens. At this time, I would be very reluctant to buy anything priced at 2004, or later, levels. My guess is that we will see 2002 prices (not factoring in inflation) by spring of 2011. Keep in mind that if a person buys now with 20% down and prices drop even 10% they have lost 50% of their investment. A previous poster made the point about the huge home equity gains, and easy jumbo loans in the past. These forces are no longer present to drive upgrades to the higher end market and it takes a long time for most people to save up for a down payment (or to make up for a investment loss) if they have to do it the old fashined way of banking their excess dollars & coins the end of the month.

[george]

I’ve been closely watching $2M range homes in Rancho Santa Fe & Olivenhain (rural Encinitas)markets for the last 15 months. I’m still seeing mostly price reductions week after week. A number of the properties I’ve been watching have sold, but so far I haven’t had to kicked myself over any missed opportunities. I think the high-end market will drop another 10-20% and it will be AT LEAST 12 months before that happens. At this time, I would be very reluctant to buy anything priced at 2004, or later, levels. My guess is that we will see 2002 prices (not factoring in inflation) by spring of 2011. Keep in mind that if a person buys now with 20% down and prices drop even 10% they have lost 50% of their investment. A previous poster made the point about the huge home equity gains, and easy jumbo loans in the past. These forces are no longer present to drive upgrades to the higher end market and it takes a long time for most people to save up for a down payment (or to make up for a investment loss) if they have to do it the old fashined way of banking their excess dollars & coins the end of the month.

[george]

I’ve been closely watching $2M range homes in Rancho Santa Fe & Olivenhain (rural Encinitas)markets for the last 15 months. I’m still seeing mostly price reductions week after week. A number of the properties I’ve been watching have sold, but so far I haven’t had to kicked myself over any missed opportunities. I think the high-end market will drop another 10-20% and it will be AT LEAST 12 months before that happens. At this time, I would be very reluctant to buy anything priced at 2004, or later, levels. My guess is that we will see 2002 prices (not factoring in inflation) by spring of 2011. Keep in mind that if a person buys now with 20% down and prices drop even 10% they have lost 50% of their investment. A previous poster made the point about the huge home equity gains, and easy jumbo loans in the past. These forces are no longer present to drive upgrades to the higher end market and it takes a long time for most people to save up for a down payment (or to make up for a investment loss) if they have to do it the old fashined way of banking their excess dollars & coins the end of the month.

[george]

I’ve been closely watching $2M range homes in Rancho Santa Fe & Olivenhain (rural Encinitas)markets for the last 15 months. I’m still seeing mostly price reductions week after week. A number of the properties I’ve been watching have sold, but so far I haven’t had to kicked myself over any missed opportunities. I think the high-end market will drop another 10-20% and it will be AT LEAST 12 months before that happens. At this time, I would be very reluctant to buy anything priced at 2004, or later, levels. My guess is that we will see 2002 prices (not factoring in inflation) by spring of 2011. Keep in mind that if a person buys now with 20% down and prices drop even 10% they have lost 50% of their investment. A previous poster made the point about the huge home equity gains, and easy jumbo loans in the past. These forces are no longer present to drive upgrades to the higher end market and it takes a long time for most people to save up for a down payment (or to make up for a investment loss) if they have to do it the old fashined way of banking their excess dollars & coins the end of the month.

[george]

Re Fallbrook:

– The quality of Fallbrook schools can be an issue for people with kids. Check out the schools in the area unless you are sure you will never sell.

– Avocados should be grown in a frost free area. In Fallbrook that usually means up on a hillside where the cold air can drain off. I would not buy property in valley or canyon where cold air will pool up unless I could verify that it has a history of being frost free over the years. Having to protect your trees from frost would add a lot of work & stress.

[george]

Re Fallbrook:

– The quality of Fallbrook schools can be an issue for people with kids. Check out the schools in the area unless you are sure you will never sell.

– Avocados should be grown in a frost free area. In Fallbrook that usually means up on a hillside where the cold air can drain off. I would not buy property in valley or canyon where cold air will pool up unless I could verify that it has a history of being frost free over the years. Having to protect your trees from frost would add a lot of work & stress.

[george]

Re Fallbrook:

– The quality of Fallbrook schools can be an issue for people with kids. Check out the schools in the area unless you are sure you will never sell.

– Avocados should be grown in a frost free area. In Fallbrook that usually means up on a hillside where the cold air can drain off. I would not buy property in valley or canyon where cold air will pool up unless I could verify that it has a history of being frost free over the years. Having to protect your trees from frost would add a lot of work & stress.

[george]

Re Fallbrook:

– The quality of Fallbrook schools can be an issue for people with kids. Check out the schools in the area unless you are sure you will never sell.

– Avocados should be grown in a frost free area. In Fallbrook that usually means up on a hillside where the cold air can drain off. I would not buy property in valley or canyon where cold air will pool up unless I could verify that it has a history of being frost free over the years. Having to protect your trees from frost would add a lot of work & stress.

[george]

Re Fallbrook:

– The quality of Fallbrook schools can be an issue for people with kids. Check out the schools in the area unless you are sure you will never sell.

– Avocados should be grown in a frost free area. In Fallbrook that usually means up on a hillside where the cold air can drain off. I would not buy property in valley or canyon where cold air will pool up unless I could verify that it has a history of being frost free over the years. Having to protect your trees from frost would add a lot of work & stress.

[george]

$250 per month to run the pump??!! According to a source I found it’s more like $20/month.

I don’t know how much it costs to run our pool pump, but when I read the post saying $250/month got me concerned enough to check into it. We have a typical size pool (pool builders call it standard size). We run our 1HP pump an average of 5 hrs/day (6 hrs/day in summer and 4 hrs/day in winter). I found a May 2008 chart on-line ( http://www.mid.org/services/save/poolPumpCost0805e.pdf )that shows the power costs for Modesto. I don’t live there, but I figure my area can’t be that different. According to the chart it costs me an average of $20 per month to run the pump. We have solar heating so heatings free. The pool man cost $50 per month.

[george]

$250 per month to run the pump??!! According to a source I found it’s more like $20/month.

I don’t know how much it costs to run our pool pump, but when I read the post saying $250/month got me concerned enough to check into it. We have a typical size pool (pool builders call it standard size). We run our 1HP pump an average of 5 hrs/day (6 hrs/day in summer and 4 hrs/day in winter). I found a May 2008 chart on-line ( http://www.mid.org/services/save/poolPumpCost0805e.pdf )that shows the power costs for Modesto. I don’t live there, but I figure my area can’t be that different. According to the chart it costs me an average of $20 per month to run the pump. We have solar heating so heatings free. The pool man cost $50 per month.

[george]

$250 per month to run the pump??!! According to a source I found it’s more like $20/month.

I don’t know how much it costs to run our pool pump, but when I read the post saying $250/month got me concerned enough to check into it. We have a typical size pool (pool builders call it standard size). We run our 1HP pump an average of 5 hrs/day (6 hrs/day in summer and 4 hrs/day in winter). I found a May 2008 chart on-line ( http://www.mid.org/services/save/poolPumpCost0805e.pdf )that shows the power costs for Modesto. I don’t live there, but I figure my area can’t be that different. According to the chart it costs me an average of $20 per month to run the pump. We have solar heating so heatings free. The pool man cost $50 per month.

[george]

$250 per month to run the pump??!! According to a source I found it’s more like $20/month.

I don’t know how much it costs to run our pool pump, but when I read the post saying $250/month got me concerned enough to check into it. We have a typical size pool (pool builders call it standard size). We run our 1HP pump an average of 5 hrs/day (6 hrs/day in summer and 4 hrs/day in winter). I found a May 2008 chart on-line ( http://www.mid.org/services/save/poolPumpCost0805e.pdf )that shows the power costs for Modesto. I don’t live there, but I figure my area can’t be that different. According to the chart it costs me an average of $20 per month to run the pump. We have solar heating so heatings free. The pool man cost $50 per month.

[george]

$250 per month to run the pump??!! According to a source I found it’s more like $20/month.

I don’t know how much it costs to run our pool pump, but when I read the post saying $250/month got me concerned enough to check into it. We have a typical size pool (pool builders call it standard size). We run our 1HP pump an average of 5 hrs/day (6 hrs/day in summer and 4 hrs/day in winter). I found a May 2008 chart on-line ( http://www.mid.org/services/save/poolPumpCost0805e.pdf )that shows the power costs for Modesto. I don’t live there, but I figure my area can’t be that different. According to the chart it costs me an average of $20 per month to run the pump. We have solar heating so heatings free. The pool man cost $50 per month.

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