Forum Replies Created
-
AuthorPosts
-
gzz
ParticipantHere’s a thought experiment. Take a place in north park and Carmel Valley that are both worth $1.5 million right now.
Now think about what they would have cost in 1997.
Are you saying the NP property would have been more expensive than the CV property? Because that’s the implication of saying CV appreciated more than NP.
Here’s an example of what I am mean. A CV place that was $350k in 1997, now $1.1m though maybe it will go for more like 1.25.
https://www.sdlookup.com/MLS-NDP2103325-4885-Almondwood-Way-San-Diego-CA-92130
In gentrified areas, some similar places that are now worth $1.1+ would have been more like 100-250k back then.
ParticipantFruit trees + mixed clover and grass seeds + 25 bags of cow manure compost mix from home depot.
$250 total and it will look great!
My best performing trees are santa rosa plum and common guava.
ParticipantA32, that back yard looks great.
The bathroom looks good too, except those tiny ugly mirrors where there should be a nice modern medicine cabinet.
Participant>Carmel Valley, Carlsbad and Rancho Bernardo disagree
I rather doubt that. CV was fairly recent and expensive when developed. It did great, but didn’t get that extra gentrification boost. Those areas likely outperformed inner areas during the past year’s Run For the Burbs, but not over 20-30 years.
ParticipantRue de les Lézards!
Not to be confused with Lazard Frères.
March 29, 2021 at 4:35 PM in reply to: Small Boost in Cal housing prices: homestead exemption increased from 75k to 600k #820925ParticipantTwo sources now say FULL SALT is coming back.
That plus 100% biz meal deduction for 2021 makes me a happy camper. 🙂
ParticipantThe top appreciation came for areas that gentrified, not necessarily on the coast.
That’s a mix of coastal areas (OB, South PB, Encinitas) and inland areas (Hillcrest, East Village, and North Park).
ParticipantThe DT condos that are $1300 have resort amenities beyond just a pool. I assume you mean the marina district ones. They are for active seniors mainly who actually are home all the time and use them.
One large cost can be 18 or 24 hour doormen. It really is a nice feature IMO.
Taxes and insurance on a 420k condo will be more like 410/mo if owner occupied and a tad higher for a rental.
Participant92107 inventory up to 18 after briefly going under 10. Sales, new listings, and prices all are strong.
Tortillas Flats was a working class Mexican American area 20 years ago if I remember an old article about it correctly.
ParticipantI am $10.83 per minute, but I both read and type really fast.
ParticipantSemi-related utility PSA: San Diego now lets you pay your water bill with no surcharge by credit card. That’s $12 a year in cash back rewards for me. Oh yeah!
ParticipantI did a little research and I think SDR confirmed, downtown condos were just about the worst performers in SD real estate.
I don’t think it has much to do with the issues you mention, and is almost entirely about a rapid increase in supply.
Homelessness does degrade DT’s quality of life, but in many other ways downtown has gained amenities, and it has always been an issue there. In fact the Smart Corner condo complex was derided as Soup Corner 10 years ago because it was next to a soup kitchen and similar amenities.
From 2005-2015, price per sq foot was just really high downtown, encouraging rapid supply growth. The supply growth meant the premium downtown condos had over other neighborhoods gradually vanished by weak appreciation.
ParticipantXLP has a lot of weight in Coke, Pepsi, and Walmart: junk food and B&M retail. None of those are going to disappear, but I think they’re in terminal decline.
My own experience: I like visiting Wally World at night when it isn’t crowded, I don’t have Amazon Prime, and I have a slight anti-Amazon bias because they are so big.
Yet I still shift more and more spending from Wal-Mart to Amazon and to a smaller extent to Target and Home Depot. I think I only go 2-3 times a year now versus 8-10 when I moved here.
California’s soft-on-shoplifting policy has also resulted in a large increase in the portion of Wal-Mart that is walled behind glass. It isn’t just liquor and electronics anymore. That degrades the shopping experience and reduces order sizes.
ParticipantMy consumer staples are KHC KMB WBA T and VZ. They’ve done well, mainly because I got them in March and April 2020 when any pick would have done well.
I also have a lot of GO, which I purchased because I adore that store and was an instant convert. They have a changing variety of fancy euro-cheeses at Velveeta prices! I am not the only one, store count is growing about 10% a year and SSS are consistently excellent.
-
AuthorPosts