[jpinpb]

I used to live in Carmel Valley. That was before the 56 was built and the 5 commute wasn’t as nightmarish. Once the 56 came in, I was out of there. Though now that they’ve expanded the 5/805 merge, it flows a little better to CV. But the 56 does back up at rush hour. Clairemont may not be as new and glamorous, but I think you get way more for your money.

You don’t have much of a choice in CV. I was in a 2000 sf house on top of my neighbor. Back then I could hear coyotes at night. I really liked it, even though I didn’t have much of a yard. It was enough to plant a little garden, but not have to work on it every weekend or have to hire a gardener.

The 2-car garage and room for 2 cars in the driveway was enough for me. But I know the dream for some guys is more like a 1000 sf house w/a 5-car garage. (Though I actually know some guys that live in high-rises downtown w/underground parking and like it. They never get their hands dirty. Each his own)

The newer places in CV or south of 56 in Torrey Hills are bigger and the lots are still small. The large lots are McMansions w/the price tag to go along with it. I just don’t get having that big of a house, unless you are sharing it w/another family. Some of the newer communities have HOAs to contend with and I think there may still be Mello Roos there, like 4$, though I’m not sure. There was when I first bought there.

I would have to agree w/Dukehorn. For the money, you would be better off finding a place in Clairemont on a canyon and totally redoing it to make it look like a house in Carmel Valley, send the kids to private school and maybe still have some money left over. But then you would still have to drive through your neighborhood and look at other houses that are not as nice. Will that matter?

Otherwise, you will have to settle for a new place in Carmel Valley on a small lot and make friends with your very nearby neighbor. On the bright side, your neighbors will probably be decent people if they can afford living up there. If they’re realtors, though, flipping, they may be financially challenged.

[jpinpb]

djc – PB is not LJ. LJ is sterile. No homeless. No college kids partying and trashing the place. LJ is a status city. PB does have older people living there. These are some of the old houses being sold that have not been upgraded for 50 years. Obviously family selling them.

Some of these houses have been purchased by investors. How do you suppose the investors purchased them? Would they not do the 5yr I/0 ARMs? Won’t those be resetting? I’m more amazed that higher priced places are still selling now.

I would think PB would eventually see price declines. PB is not in a vacuum. It is not a seperate economy from the US or the world. How can it not be affected evenutally? I’ve seen prices of median homes in PB more than double from 2000 to 2008. Is that normal appreciation? While I don’t expect to see a 50% or 40% drop, I was still thinking there will be price declines.

I also thought that the weak fall first. Condos are declining. Won’t they be a drag on the SFH later?

And I understand that PB is attractive for investment rentals, but wouldn’t the numbers have to add up and make sense as a rental, if not a profitable rental, at least breaking even? Some of these places seem to be taking a loss. That’s why I was perplexed by the high-priced sales.

[jpinpb]

djc – PB is not LJ. LJ is sterile. No homeless. No college kids partying and trashing the place. LJ is a status city. PB does have older people living there. These are some of the old houses being sold that have not been upgraded for 50 years. Obviously family selling them.

Some of these houses have been purchased by investors. How do you suppose the investors purchased them? Would they not do the 5yr I/0 ARMs? Won’t those be resetting? I’m more amazed that higher priced places are still selling now.

I would think PB would eventually see price declines. PB is not in a vacuum. It is not a seperate economy from the US or the world. How can it not be affected evenutally? I’ve seen prices of median homes in PB more than double from 2000 to 2008. Is that normal appreciation? While I don’t expect to see a 50% or 40% drop, I was still thinking there will be price declines.

I also thought that the weak fall first. Condos are declining. Won’t they be a drag on the SFH later?

And I understand that PB is attractive for investment rentals, but wouldn’t the numbers have to add up and make sense as a rental, if not a profitable rental, at least breaking even? Some of these places seem to be taking a loss. That’s why I was perplexed by the high-priced sales.

[jpinpb]

djc – PB is not LJ. LJ is sterile. No homeless. No college kids partying and trashing the place. LJ is a status city. PB does have older people living there. These are some of the old houses being sold that have not been upgraded for 50 years. Obviously family selling them.

Some of these houses have been purchased by investors. How do you suppose the investors purchased them? Would they not do the 5yr I/0 ARMs? Won’t those be resetting? I’m more amazed that higher priced places are still selling now.

I would think PB would eventually see price declines. PB is not in a vacuum. It is not a seperate economy from the US or the world. How can it not be affected evenutally? I’ve seen prices of median homes in PB more than double from 2000 to 2008. Is that normal appreciation? While I don’t expect to see a 50% or 40% drop, I was still thinking there will be price declines.

I also thought that the weak fall first. Condos are declining. Won’t they be a drag on the SFH later?

And I understand that PB is attractive for investment rentals, but wouldn’t the numbers have to add up and make sense as a rental, if not a profitable rental, at least breaking even? Some of these places seem to be taking a loss. That’s why I was perplexed by the high-priced sales.

[jpinpb]

djc – PB is not LJ. LJ is sterile. No homeless. No college kids partying and trashing the place. LJ is a status city. PB does have older people living there. These are some of the old houses being sold that have not been upgraded for 50 years. Obviously family selling them.

Some of these houses have been purchased by investors. How do you suppose the investors purchased them? Would they not do the 5yr I/0 ARMs? Won’t those be resetting? I’m more amazed that higher priced places are still selling now.

I would think PB would eventually see price declines. PB is not in a vacuum. It is not a seperate economy from the US or the world. How can it not be affected evenutally? I’ve seen prices of median homes in PB more than double from 2000 to 2008. Is that normal appreciation? While I don’t expect to see a 50% or 40% drop, I was still thinking there will be price declines.

I also thought that the weak fall first. Condos are declining. Won’t they be a drag on the SFH later?

And I understand that PB is attractive for investment rentals, but wouldn’t the numbers have to add up and make sense as a rental, if not a profitable rental, at least breaking even? Some of these places seem to be taking a loss. That’s why I was perplexed by the high-priced sales.

[jpinpb]

djc – PB is not LJ. LJ is sterile. No homeless. No college kids partying and trashing the place. LJ is a status city. PB does have older people living there. These are some of the old houses being sold that have not been upgraded for 50 years. Obviously family selling them.

Some of these houses have been purchased by investors. How do you suppose the investors purchased them? Would they not do the 5yr I/0 ARMs? Won’t those be resetting? I’m more amazed that higher priced places are still selling now.

I would think PB would eventually see price declines. PB is not in a vacuum. It is not a seperate economy from the US or the world. How can it not be affected evenutally? I’ve seen prices of median homes in PB more than double from 2000 to 2008. Is that normal appreciation? While I don’t expect to see a 50% or 40% drop, I was still thinking there will be price declines.

I also thought that the weak fall first. Condos are declining. Won’t they be a drag on the SFH later?

And I understand that PB is attractive for investment rentals, but wouldn’t the numbers have to add up and make sense as a rental, if not a profitable rental, at least breaking even? Some of these places seem to be taking a loss. That’s why I was perplexed by the high-priced sales.

[jpinpb]

It was raining free money during Bush’s reign, wasn’t it?

My latest favorite of his quotes:

He warned against more drastic steps by the government to intervene.

Speaking to the Economic Club of New York at a midtown Manhattan hotel, Mr. Bush said that the economy was now having “a tough time.”
At the same time, however, he compared the government’s reaction to driving through a “rough patch” of road.
“If you ever get stuck in a situation like that, you know it’s important not to overcorrect,” Mr. Bush said. “If you overcorrect, you end up in a ditch.”

[jpinpb]

It was raining free money during Bush’s reign, wasn’t it?

My latest favorite of his quotes:

He warned against more drastic steps by the government to intervene.

Speaking to the Economic Club of New York at a midtown Manhattan hotel, Mr. Bush said that the economy was now having “a tough time.”
At the same time, however, he compared the government’s reaction to driving through a “rough patch” of road.
“If you ever get stuck in a situation like that, you know it’s important not to overcorrect,” Mr. Bush said. “If you overcorrect, you end up in a ditch.”

[jpinpb]

It was raining free money during Bush’s reign, wasn’t it?

My latest favorite of his quotes:

He warned against more drastic steps by the government to intervene.

Speaking to the Economic Club of New York at a midtown Manhattan hotel, Mr. Bush said that the economy was now having “a tough time.”
At the same time, however, he compared the government’s reaction to driving through a “rough patch” of road.
“If you ever get stuck in a situation like that, you know it’s important not to overcorrect,” Mr. Bush said. “If you overcorrect, you end up in a ditch.”

[jpinpb]

It was raining free money during Bush’s reign, wasn’t it?

My latest favorite of his quotes:

He warned against more drastic steps by the government to intervene.

Speaking to the Economic Club of New York at a midtown Manhattan hotel, Mr. Bush said that the economy was now having “a tough time.”
At the same time, however, he compared the government’s reaction to driving through a “rough patch” of road.
“If you ever get stuck in a situation like that, you know it’s important not to overcorrect,” Mr. Bush said. “If you overcorrect, you end up in a ditch.”

[jpinpb]

It was raining free money during Bush’s reign, wasn’t it?

My latest favorite of his quotes:

He warned against more drastic steps by the government to intervene.

Speaking to the Economic Club of New York at a midtown Manhattan hotel, Mr. Bush said that the economy was now having “a tough time.”
At the same time, however, he compared the government’s reaction to driving through a “rough patch” of road.
“If you ever get stuck in a situation like that, you know it’s important not to overcorrect,” Mr. Bush said. “If you overcorrect, you end up in a ditch.”

[jpinpb]

marion – Sometimes I’m rational and calm about the market and take it in stride. But I admit I have my moments when I see some sales that I wouldn’t expect to happen, I get emotional. Can’t let it get the best of me. Just throws me for a loop.

deadzone – I’ve been trying to learn by reading this board and other links on here. I’ve been watching the market for several years. Although there’s not major development in PB like, say, downtown or 4$ or Chula Vista, there are a lot of Amstrong townhomes and alike thrown up. The little shacks get bought up for 800k, pushing the price up for regular homes. Then the guy mows the shack down and throws 4 townhomes up in its place for 650-700k a piece.

Also, there’s been a lot of apartment/condo conversions as well. You told me about the story of your neighbor and you seem convinced it won’t sell at the high price they are asking. What if it did? That’s the kind of crazy sales I’m seeing in PB.
Makes me question whether I’m the one in denial. I see places on the market a long time. I see some reductions, but ever so slight. I don’t see it to 2004 levels yet on houses, or even townhomes, at least not in PB.

But I appreciate everyone’s feedback. I know it will take longer for the coast. Just have to be more patient and calm. Thanks all for letting me go on about this and thanks for your patience w/my anxieties.

[jpinpb]

marion – Sometimes I’m rational and calm about the market and take it in stride. But I admit I have my moments when I see some sales that I wouldn’t expect to happen, I get emotional. Can’t let it get the best of me. Just throws me for a loop.

deadzone – I’ve been trying to learn by reading this board and other links on here. I’ve been watching the market for several years. Although there’s not major development in PB like, say, downtown or 4$ or Chula Vista, there are a lot of Amstrong townhomes and alike thrown up. The little shacks get bought up for 800k, pushing the price up for regular homes. Then the guy mows the shack down and throws 4 townhomes up in its place for 650-700k a piece.

Also, there’s been a lot of apartment/condo conversions as well. You told me about the story of your neighbor and you seem convinced it won’t sell at the high price they are asking. What if it did? That’s the kind of crazy sales I’m seeing in PB.
Makes me question whether I’m the one in denial. I see places on the market a long time. I see some reductions, but ever so slight. I don’t see it to 2004 levels yet on houses, or even townhomes, at least not in PB.

But I appreciate everyone’s feedback. I know it will take longer for the coast. Just have to be more patient and calm. Thanks all for letting me go on about this and thanks for your patience w/my anxieties.

[jpinpb]

marion – Sometimes I’m rational and calm about the market and take it in stride. But I admit I have my moments when I see some sales that I wouldn’t expect to happen, I get emotional. Can’t let it get the best of me. Just throws me for a loop.

deadzone – I’ve been trying to learn by reading this board and other links on here. I’ve been watching the market for several years. Although there’s not major development in PB like, say, downtown or 4$ or Chula Vista, there are a lot of Amstrong townhomes and alike thrown up. The little shacks get bought up for 800k, pushing the price up for regular homes. Then the guy mows the shack down and throws 4 townhomes up in its place for 650-700k a piece.

Also, there’s been a lot of apartment/condo conversions as well. You told me about the story of your neighbor and you seem convinced it won’t sell at the high price they are asking. What if it did? That’s the kind of crazy sales I’m seeing in PB.
Makes me question whether I’m the one in denial. I see places on the market a long time. I see some reductions, but ever so slight. I don’t see it to 2004 levels yet on houses, or even townhomes, at least not in PB.

But I appreciate everyone’s feedback. I know it will take longer for the coast. Just have to be more patient and calm. Thanks all for letting me go on about this and thanks for your patience w/my anxieties.

[jpinpb]

marion – Sometimes I’m rational and calm about the market and take it in stride. But I admit I have my moments when I see some sales that I wouldn’t expect to happen, I get emotional. Can’t let it get the best of me. Just throws me for a loop.

deadzone – I’ve been trying to learn by reading this board and other links on here. I’ve been watching the market for several years. Although there’s not major development in PB like, say, downtown or 4$ or Chula Vista, there are a lot of Amstrong townhomes and alike thrown up. The little shacks get bought up for 800k, pushing the price up for regular homes. Then the guy mows the shack down and throws 4 townhomes up in its place for 650-700k a piece.

Also, there’s been a lot of apartment/condo conversions as well. You told me about the story of your neighbor and you seem convinced it won’t sell at the high price they are asking. What if it did? That’s the kind of crazy sales I’m seeing in PB.
Makes me question whether I’m the one in denial. I see places on the market a long time. I see some reductions, but ever so slight. I don’t see it to 2004 levels yet on houses, or even townhomes, at least not in PB.

But I appreciate everyone’s feedback. I know it will take longer for the coast. Just have to be more patient and calm. Thanks all for letting me go on about this and thanks for your patience w/my anxieties.

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