[KingKong]

Apparently somebody think it worths a lot more now just after a year (bought on 11/1/2006 for $999K and now asking for $1,245K):

http://www.sdlookup.com/MLS-071088242-12469_Carmel_Park_Dr_San_Diego_CA_92130

Unfortunately the builder still has this beauty on the market, which BTW just reduced:

http://www.sdlookup.com/MLS-071076565-12457_Carmel_Park_Dr_San_Diego_CA_92130

[KingKong]

Apparently somebody think it worths a lot more now just after a year (bought on 11/1/2006 for $999K and now asking for $1,245K):

http://www.sdlookup.com/MLS-071088242-12469_Carmel_Park_Dr_San_Diego_CA_92130

Unfortunately the builder still has this beauty on the market, which BTW just reduced:

http://www.sdlookup.com/MLS-071076565-12457_Carmel_Park_Dr_San_Diego_CA_92130

[KingKong]

Apparently somebody think it worths a lot more now just after a year (bought on 11/1/2006 for $999K and now asking for $1,245K):

http://www.sdlookup.com/MLS-071088242-12469_Carmel_Park_Dr_San_Diego_CA_92130

Unfortunately the builder still has this beauty on the market, which BTW just reduced:

http://www.sdlookup.com/MLS-071076565-12457_Carmel_Park_Dr_San_Diego_CA_92130

[KingKong]

Apparently somebody think it worths a lot more now just after a year (bought on 11/1/2006 for $999K and now asking for $1,245K):

http://www.sdlookup.com/MLS-071088242-12469_Carmel_Park_Dr_San_Diego_CA_92130

Unfortunately the builder still has this beauty on the market, which BTW just reduced:

http://www.sdlookup.com/MLS-071076565-12457_Carmel_Park_Dr_San_Diego_CA_92130

[KingKong]

Apparently somebody think it worths a lot more now just after a year (bought on 11/1/2006 for $999K and now asking for $1,245K):

http://www.sdlookup.com/MLS-071088242-12469_Carmel_Park_Dr_San_Diego_CA_92130

Unfortunately the builder still has this beauty on the market, which BTW just reduced:

http://www.sdlookup.com/MLS-071076565-12457_Carmel_Park_Dr_San_Diego_CA_92130

[KingKong]

Now 10% drop in the invincible Carmel Valley

http://www.sdlookup.com/MLS-071076565-12457_Carmel_Park_Dr_San_Diego_CA_92130

[KingKong]

Now 10% drop in the invincible Carmel Valley

http://www.sdlookup.com/MLS-071076565-12457_Carmel_Park_Dr_San_Diego_CA_92130

[KingKong]

Thanks for the good summary.

Can we ask Rich to put the petition link at a more eye catching place? We really need to get the words out.

[KingKong]

Thanks Duck.

My suspicion is that the large down payment may partially come from the developer.

Here’s my reasons:

1. The houses are overpriced by at least 10%. Near Verona there is a recent sale:

4068 Santa Nella Place, 92130.
It has 4 bd/3ba/3 car garage and 2,649sf
for $830,000 with no mello-roos and no HOA fee.

Compare to this, Verona are close to 20% overpriced. It has only 2-car garage and HOA of around $200/month. Also the Verona lots are postage stamp sized, all under 5,000sf.

2. The houses have sit around for a year with no takers. In a down market like we are in now, you would expect a price reduction. Instead, the price has held steady and at least in one case there is a 6% increase.

3. This is a small developer and per their sales people everything is negotiable.

[KingKong]

Thanks Duck.

My suspicion is that the large down payment may partially come from the developer.

Here’s my reasons:

1. The houses are overpriced by at least 10%. Near Verona there is a recent sale:

4068 Santa Nella Place, 92130.
It has 4 bd/3ba/3 car garage and 2,649sf
for $830,000 with no mello-roos and no HOA fee.

Compare to this, Verona are close to 20% overpriced. It has only 2-car garage and HOA of around $200/month. Also the Verona lots are postage stamp sized, all under 5,000sf.

2. The houses have sit around for a year with no takers. In a down market like we are in now, you would expect a price reduction. Instead, the price has held steady and at least in one case there is a 6% increase.

3. This is a small developer and per their sales people everything is negotiable.

[KingKong]

Duck,

What’s the URL for it?

Thanks.

[KingKong]

Duck,

What’s the URL for it?

Thanks.

[KingKong]

I was in the similar boat 🙂

Here’s what I would do:

Reduce auto insurance to about $150/month. We have two cars and with AAA, we are paying about $1,000 a year with full coverage.

Start your retirement plan. For self-employed, you can put in a lot more than paycheck earners. Take advantage of it.

You are paying too much for life insurance. Since your wife is not working, you should just insure yourself for half a mill. Get a 20-year policy rather than 30 year policy.

For Charity contributions, everyone got their own opinions. If it is important to you, so be it.

Hope this helps.

[KingKong]

I was in the similar boat 🙂

Here’s what I would do:

Reduce auto insurance to about $150/month. We have two cars and with AAA, we are paying about $1,000 a year with full coverage.

Start your retirement plan. For self-employed, you can put in a lot more than paycheck earners. Take advantage of it.

You are paying too much for life insurance. Since your wife is not working, you should just insure yourself for half a mill. Get a 20-year policy rather than 30 year policy.

For Charity contributions, everyone got their own opinions. If it is important to you, so be it.

Hope this helps.

[KingKong]

One more thing,

12465 was recorded on 9/22/06 but nobody moved in until end of November.
12469 was recorded on 11/1/06 but people did not move until 2/07.
12453 was recorded on 2/1/07 but people did not move in until 5/07.

[Author]

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