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La Jolla Renter
Participantawombadavis,
Point taken. I am impressed with how well PB has held up.
Just to be clear, I’m not on record as saying a nice house will go for 300k in PB, but even 500k would be way off the peak from an area that was supposed to be immune.
My hunch is that some of the young families with 2 kids that bought a 650k 1400sqft condo with a 2 car tandem garage had planned on selling a couple years later for 850k+ and moving up into the La Jolla school district. When their neighbor goes into foreclosure and is picked up by an investor for 350k – 450k, their plans will be ruined. Walk away or put up with with the new next door renters… affluent SDSU students doing 2 story beer bongs.
Just to be clear, I like PB. I just think it is a bit over priced for what you get. Run out all the riffraff, and I’d move back.
ParticipantHow the $650k PB condo works…
20, 30 something gets down payment from parents, buys 650k condo, has 2 roommates/friends pay $750k a month each, 75% of income goes to housing, 25% toward car and wave runner, lives off the $1500 cash he doesn’t claim with uncle sam.
Side note… owner and 2 roommates park on the street because no parking in front of 650k tandem garage which house wave runner, beach cruisers, & skateboards.
Did I miss anything?
ParticipantHow the $650k PB condo works…
20, 30 something gets down payment from parents, buys 650k condo, has 2 roommates/friends pay $750k a month each, 75% of income goes to housing, 25% toward car and wave runner, lives off the $1500 cash he doesn’t claim with uncle sam.
Side note… owner and 2 roommates park on the street because no parking in front of 650k tandem garage which house wave runner, beach cruisers, & skateboards.
Did I miss anything?
ParticipantHow the $650k PB condo works…
20, 30 something gets down payment from parents, buys 650k condo, has 2 roommates/friends pay $750k a month each, 75% of income goes to housing, 25% toward car and wave runner, lives off the $1500 cash he doesn’t claim with uncle sam.
Side note… owner and 2 roommates park on the street because no parking in front of 650k tandem garage which house wave runner, beach cruisers, & skateboards.
Did I miss anything?
ParticipantHow the $650k PB condo works…
20, 30 something gets down payment from parents, buys 650k condo, has 2 roommates/friends pay $750k a month each, 75% of income goes to housing, 25% toward car and wave runner, lives off the $1500 cash he doesn’t claim with uncle sam.
Side note… owner and 2 roommates park on the street because no parking in front of 650k tandem garage which house wave runner, beach cruisers, & skateboards.
Did I miss anything?
ParticipantHow the $650k PB condo works…
20, 30 something gets down payment from parents, buys 650k condo, has 2 roommates/friends pay $750k a month each, 75% of income goes to housing, 25% toward car and wave runner, lives off the $1500 cash he doesn’t claim with uncle sam.
Side note… owner and 2 roommates park on the street because no parking in front of 650k tandem garage which house wave runner, beach cruisers, & skateboards.
Did I miss anything?
Participantxbox,
I looked at 1034 La Jolla Rancho and was certainly ready to put in an offer if the 999k was legit(it wasn’t). It needed complete remodel, but nice sized house with pretty nice front/side yard view. I have been watching every day to see the final sale price. I am going to guess 1.4M. I know there were several offers on the place. I would have jumped all over it at the 999k asking price, maybe even 1.1M. If the price comes in below 1.4, we are seeing some big cracks alright.
Participantxbox,
I looked at 1034 La Jolla Rancho and was certainly ready to put in an offer if the 999k was legit(it wasn’t). It needed complete remodel, but nice sized house with pretty nice front/side yard view. I have been watching every day to see the final sale price. I am going to guess 1.4M. I know there were several offers on the place. I would have jumped all over it at the 999k asking price, maybe even 1.1M. If the price comes in below 1.4, we are seeing some big cracks alright.
Participantxbox,
I looked at 1034 La Jolla Rancho and was certainly ready to put in an offer if the 999k was legit(it wasn’t). It needed complete remodel, but nice sized house with pretty nice front/side yard view. I have been watching every day to see the final sale price. I am going to guess 1.4M. I know there were several offers on the place. I would have jumped all over it at the 999k asking price, maybe even 1.1M. If the price comes in below 1.4, we are seeing some big cracks alright.
Participantxbox,
I looked at 1034 La Jolla Rancho and was certainly ready to put in an offer if the 999k was legit(it wasn’t). It needed complete remodel, but nice sized house with pretty nice front/side yard view. I have been watching every day to see the final sale price. I am going to guess 1.4M. I know there were several offers on the place. I would have jumped all over it at the 999k asking price, maybe even 1.1M. If the price comes in below 1.4, we are seeing some big cracks alright.
Participantxbox,
I looked at 1034 La Jolla Rancho and was certainly ready to put in an offer if the 999k was legit(it wasn’t). It needed complete remodel, but nice sized house with pretty nice front/side yard view. I have been watching every day to see the final sale price. I am going to guess 1.4M. I know there were several offers on the place. I would have jumped all over it at the 999k asking price, maybe even 1.1M. If the price comes in below 1.4, we are seeing some big cracks alright.
Participantawombadavis,
True… but those birdrock homes values are floating on some thin ice. The 2nd story remodel just doesn’t pencil out in todays market, and what starter family wants to move into 800 sqft home? Not me.
Time will tell.
Participantawombadavis,
True… but those birdrock homes values are floating on some thin ice. The 2nd story remodel just doesn’t pencil out in todays market, and what starter family wants to move into 800 sqft home? Not me.
Time will tell.
Participantawombadavis,
True… but those birdrock homes values are floating on some thin ice. The 2nd story remodel just doesn’t pencil out in todays market, and what starter family wants to move into 800 sqft home? Not me.
Time will tell.
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