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JJGittes
ParticipantHey, according to the UT, prices are only down 1%. So, I guess those two houses that actually sold, while the 22,000 others are sitting on the market, were in fact just a little cheaper. Yippee.
Hey, all in all, like the NC Times article said the other day, it is still a seller’s market. Right? Oh yeah, riiiiiiight.
ParticipantI’ve been looking in the same areas. But since the same houses keep turning up everytime I do a search on the internet, it’s hard to tell what ANY of them might actually sell for now!!
Inventory is at 22,755 in SD county, and still going up up up http://bubbletracking.blogspot.com/2006/07/tracking-san-diego-county.html
ParticipantEh, six in one, half dozen in the other….it’s all circular. Bottom line for me, the API scores ain’t perfect, but they do reflect the prevelant values of the student body (and the families they come from) as a whole. The scores are what they are, and the underlying root causes for them don’t really concern me. Nature versus nurture, whatever. I want my kid to have every advantage possible, and that includes going to schools that have lots of kids oriented toward academics and who are doing well, for whatever reason. I’ll leave the “why” to social scientists to mull over between now and the next ice age.
ParticipantMira Mesa high scores 758 on the API, RB High in the Poway district scores 832. But to say that mira mesa high is 91% as good ar RB high based on dividing 758 by 832 would be really misleading. Something I’d expect to hear from a realtor selling houses in MM. The api scores are not (in practicality) zero based. In any event, different strokes for different folks I guess, but I’d rather put an extra $100-200k into my home, live in RB (or scripps, or poway, or carlsbad or encinitas), and have those schools and neighbors, than spend a couple of decades in MM hauling my kids to private school so they don’t have to share a classroom with the neighbors’ kids. Sorry, but since Piggington is about reality, mira mesa is no garden spot and I would not want to raise my family or invest a half a mill in real estate there.
ParticipantThe API scores of Poway schools support the view that it is a generally superior public school district. You can debate the usefulness of the API, but it is still an even, across the board measurement. Its results district by district are also consistent with everything I have seen and heard over the last 20 years about the various school districts (and particular schools) in SD county. As far as the public school v. private school v. cost of housing v. quality of neighborhoods and neighbors equation, that can be debated forever.
ParticipantI cashed out a while ago and am renting, looking and waiting now. My wife however does not want to rent much longer. We have looked extensively in coastal N. County. Lots of relatively nice houses in 92078 that are begging for lowball offers, but San Marcos High is just not where I want to send my little girl. The San Deguito (sp?) school district however is very good, and I guess that explains all those very very average (and aging) houses in 92024 in the $700ks (perhaps this is soon to change though). So, yes, I agree, schools are a very big factor.
ParticipantI haven’t been to this one, but I have been to Bressi, twice. Similarly high tax/MR rate, and an HOA fee of $210 a mo., as I recall. Also, teeny tiny lots on the houses below a million. You had better like your neighbors, and cross your fingers nobody buys a yapping mutt within the zone of about 8 houses around you. kind of like Georgetown type row house living, except you are in a suburb 35 miles from downtown SD.
ParticipantParticipantagreed. didn’t mean to sound snippy.
ParticipantWhy do you believe the FDIC will be solvent? Between the coming global superstorm and the pending financial collapse of the western world, heck, let’s all convert to krugerands and stick them in a hole in the backyard along side a years supply of freeze dried food and a shotgun. (Some of the black helicopter bearishness on the bubble blogs has been a little extreme even for me—someone who is completely on board with Rich’s views on SD real estate.)
ParticipantThe Vanguard fed and CA tax free money market, or tax free muni bond fund. Liquid, safe, decent yield. CD’s if you can do without liquidity. Why bet the farm money on anything riskier?
ParticipantBusy street? Merlin is in the interior of the community and the merlin house backs to the west. There is no busy road behind it. Look at google maps and satellite picture, the merlin house backs up to another house, not a street. The turnstone house conversely is on the busiest street in the community, has no landscaping (I drove by) and most of the backyard is actually on the left side of the house behind an unusually long fence. The neighbors on both sides have 2 story houses and they look directly down into the yard of the house. It does face the park though, so I’ll give it that, for what its worth. The market is even worse now than when merlin sold, imo. But, I suppose when it comes to real estate there are plenty of fools in SD county, so maybe they will get over $800k (ie a 100K lower than what they are currently asking) sometime in the next 3, 6, 9 or whatever months.
ParticipantHa, want more evidence of divorced-from-reality-wackiness, check out the 2392sf house for sale on Turnstone in 92011 for $900-950k. The EXACT same model on Merlin just closed on June 1 for $777k. Wait, let me guess, the plumbing fixtures on the $900k+ one are gold, thus calling for the $123-183k differential. Also, all the “reduced” banners on the pics in today’s UT crack me up. When you look at the original prices, most have been reduced maybe $15-25k on houses in the $750-950 range. Silly. Hey Dorothy, you are not in 2004-2005 anymore.
ParticipantYeah, way crazy. But no crazier than $700-800 for all the junk in San Elijo (with hundreds more new ones on deck), or the same pricing for houses that are on top of each other in R Carillo east of melrose that have been sitting for 4-8 months. Really, its crazy everywhere, even before you factor in taxes and m-roos(total rates of 1.75% in Elijo developments). I used to like doing internet searches occassionally just to see what is out there. Now, all I see is the same way overpriced junk sitting month after month….with the occasional new one popping up with the same pricing. These people need to get a friggin clue, six figure price adjuctments are in order if they actually want to sell their tan stucco boxes.
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