[ltsddd]

[quote=sdduuuude][quote=Essbee]With the houses being of marginal quality in the first place and not designed to last 100+ years[/quote]

Lots of interesting thoughts here. I’m no sociologist so I’m not sure what will happen to Clairemont but I do know the houses are build to last 100 yrs.

I have personally ripped out ceiling joists and wall studs with my very own sawzall and those members are made of fir – not hemlock like most of today’s lumber. Hard as hell to cut through. Plus, they are only growing stronger with age – wood does that. Given San Diego’s mild climate, I don’t see any structural issues there. I think they are very well built and that is first-hand knowledge.[/quote]

sdduuuude,
Completely agree with you. The SFRs in Clairemont may be smallish and all that but one thing for sure is that they were solidly built. Though, I do agree with the OP that there are homes along both Clairemont Mesa Blvd and Clairemont Drive (those with 1-car garages and practically no driveway) may be better served by tearing them down and rebuild. I have never heard of anyone who ever had any problems with the plumbing system in that in area. Mira Mesa, on the other hand, with most homes built after 1970 and yet I have run across numerous homes that had gone through retrofitting of the pipes (going from street to the house). Architecturally, it’s nothing to write home about but the built quality is there.

As for its future, I think it will be fine, it’s a middle-class community with a lot of long-timers. It may not have the manicured yards like other newer communities but it does not mean that the folks living there are neglecting their biggest piece of asset either.

[ltsddd]

[quote=heywood]They ask for it but you don’t have to provide it. When I filled in that form I asked my agent and he explained that it is to assist with the title search, for example is if someone had the same name as you the records could be confused. In my case they said my name was uncommon enough that if I wanted to leave off particular items it wouldn’t be a problem. Call the escrow company and talk to them, thats what you pay them for after all.[/quote]

I understand. I think this particular company is just looking for an easy way to do the job. It’s just crazy that they should even ask some of those questions (i.e. about kids). I was so taken aback about the questions about our remodeling/repairing of the property within the last six months and whether or not the accounts were settled that instead of checking the boxes I wrote down that effectively says “How the hell would I know since I didn’t know anything about this property until a few weeks ago and why would I do any repair/remodel on a property that I didn’t even know exist.”

Sloppy/Lazy at best and stupidity at worst.

[ltsddd]

[quote=flu]92130 and 92126: it’s pathetic.

…trickle trickle trickle trickle trickle.

That is all..

(end vent)[/quote]

The surge is little late but it’s coming. Apparently, banks had been taking a break from foreclosing on people.

http://economywatch.msnbc.msn.com/_news/2012/04/12/11145443-foreclosures-slow-as-pipeline-keeps-backing-up?lite

[ltsddd]

[quote=sdrealtor]Thats all pretty standard and used in the title search[/quote]

I personally have not seen this with other escrow companies. I am not too familiar with the whole process but it somehow seems unnecessary to ask that kind of information from the BUYERS. I went through escrow last summer and didn’t see that kind of info being requested.

[ltsddd]

[quote=svelte]The jury found Officer Laurence Powell and Sergeant Stacey Koon guilty, and they were subsequently sentenced to 30 months in prison, while Timothy Wind and Theodore Briseño were acquitted of all charges.
[/quote]

I actually saw Powell at a local computer store on Clairemont Mesa Blvd soon after his release. He was working as the store assistant manager. Couldn’t believe my eyes, but wasn’t really sure it was him until one of the store employees shouted out “Larry” and asked the guy a question. “Larry” responded in this somewhat feminine voice and at that point I knew that it got to be him. If you watch the trials at all back then and if you’re like me Powell’s voice stood out.

[ltsddd]

[quote=zk][quote=svelte]This is not a clear cut case.

Rodney King, with the beating caught on tape, that was clear cut.

[/quote]

I wouldn’t call the Rodney King case clear cut at all. The beating was caught on tape, but not what led up to it. King throwing two officers at a time off his back and charging them. A strong, enraged, violent man on the attack. That wasn’t shown on the tape.[/quote]

I think everyone in King’s situation would have reacted the same way. The difference is that most of us probably would not have survived the beating. When you’re beat into submission and down in a prone position and the beating continued then your survival instinct is going to kick in and that is either to fight or to run. And in order to do either of that one will need to get off of that prone position. And of course that’s just give the cops more ammunition to dish out more punishment.

[ltsddd]

[quote=flu]then refinanced over and over again and heloc’ed the hell out of their home, and then got a loan mod, and then still knee deep in debt, now with a NOD (well, it wouldn’t be the first time) and behind on property tax payment. And yet the wifey still comes back with gobs of shopping bags each weekend….I look at them, and think it’s pretty pathetic. I don’t envy them at all. I wouldn’t want to be in their shoes.[/quote]

You must be two doors down from me.

[ltsddd]

[quote=AN][quote=sdrealtor]Its the same pretty much everywhere. Buyers are firm on what they will pay, non-distressed sellers pushing prices, appraisals are tough, short sales are prevalent and priced at or below comps to keep buyers interested during the wait, good non distressed properties that are priced well generate multiple offers. Its a real tight market with some forces pushing up, some down and things balancing in the middle. The hardest part is finding something you want that you can get because there are lots of buyers all looking for and flocking to the same things.[/quote]
If supply stay this tight for another year, what do you think would happen to the price? Would buyers and strong sellers continue to have a stand off and all sales happen on the margin w/ week sellers? If strong seller are pushing prices (and not getting it), wouldn’t that mean price on aggregate will continue to fall?

Talking about tight supply, I saw this blog post on Redfin: http://blog.redfin.com/blog/2012/03/inventory_shortage_move_along_nothing_to_see_here.html
Are you seeing this on the street?[/quote]

That is laughable. The sellers might be in the driver’s seat due to low supply, but it’s not really a seller’s market. So what if you bid $10K above the asking price when the asking price is depressed in the first place? I wouldn’t call it a seller’s market when homes are sold at lower low and lower high.

[ltsddd]

[quote=AN][quote=ocrenter]Almost $200/sqft. Not bad. So you are the pending buyer? Yes, I would close.[/quote]
There are plenty of houses in MM that are much closer to $200/sqft than this one (those tend to be in better areas too). There are plenty at <$200/sqft in similar areas. Those houses tend to be bigger though. Here are some examples: http://www.sdlookup.com/MLS-100053982-8921_Centaurus_Way_San_Diego_CA_92126 closed at $156/sq-ft.

http://www.sdlookup.com/MLS-100066502-11016_Delphinus_Way_San_Diego_CA_92126 closed at $121/sq-ft

http://www.sdlookup.com/MLS-110066524-8008_Westbury_Ave_San_Diego_CA_92126 closed at $169/sq-ft[/quote]

AN - your examples are very misleading. You rarely see any SFR in MM that is less than 1500 sqf that sells for less than $200/sq-ft.

That house at $280k is a good deal. I don't see any downside to it as far as value and as a potential rental.

Regarding rents, I very much doubt you could get more than $1800/month for a 3/2 sfh in MM. Especially on houses south of MM and east of Camino Ruiz.

[ltsddd]

[quote=ocrenter][quote=ltsdd][quote=recordsclerk]I can’t see $150sqft happening in Stonebridge. You might find an occasional sale come close to that mark, but overall the market will stay closer to $200 a sqft. That Old Creek sale is a once in a lifetime deal. We will probably look back at that sale and say that was one of the best, if not the best overall deal in Stonebridge.[/quote]

We’ll see. Not that long ago the Calabria(?) were selling for $1+ mil. There were two things that stood out when we drove out there to see the models a few summers ago:
1. Nice big houses
2. It’s hot, hot, hot

(Phoenix it is not, but you certainly could feel the difference in the temperatures going from the 15 to there).[/quote]

http://www.wunderground.com/weatherstation/WXDailyHistory.asp?ID=KCASANDI112&graphspan=custom&month=3&day=6&year=2011&monthend=3&dayend=7&yearend=2012

One important thing I have learned about SD weather is tht temperature assumptions do not always pan out. Frequently adjacent communities can have very different temperature. Best thing to do is to do your homework by looking at the actual neighborhood weather station data.

For example, over the last year, stonebridge hit 90 or above exactly 3 times, with no over 100 temps. meanwhile, the Poway weather station just 5-10 minutes north passed 90 7 times, with two instances of over 100. Now you would think Torrey Highland west of the 15 would be even cooler. But it actually matched Poway pretty well, 6 instances of over 90 temp last year, with couple of instances of over 100 degree temp.[/quote]

A quick scan of the data showed Stonebridge hit 90+ degrees as followed:

Aug 2011: 4 times
Sep 2011: 3 times (the highest at 98 degrees)
Oct 2011: 2 times

This is really all besides the point, though. There is a distinction between the measured temperatures and the temperatures that one feels. The surroundings, humidity, wind conditions, etc.. together will make one feels either warmer or cooler than the measure temperature indicated.

[ltsddd]

[quote=recordsclerk]I can’t see $150sqft happening in Stonebridge. You might find an occasional sale come close to that mark, but overall the market will stay closer to $200 a sqft. That Old Creek sale is a once in a lifetime deal. We will probably look back at that sale and say that was one of the best, if not the best overall deal in Stonebridge.[/quote]

We’ll see. Not that long ago the Calabria(?) were selling for $1+ mil. There were two things that stood out when we drove out there to see the models a few summers ago:
1. Nice big houses
2. It’s hot, hot, hot

(Phoenix it is not, but you certainly could feel the difference in the temperatures going from the 15 to there).

[ltsddd]

[quote=kcal09]This is a traditional sale, but price seems a little high despite the resort-like backyard.

http://www.sdlookup.com/MLS-110062156-15139_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

Indeed very nice backyard. On the other hand is all the upgrades and landscaping really worth a $800K premium over this one?

http://www.sdlookup.com/Property-4C32F809-14661_Old_Creek_Rd_San_Diego_CA_92131

Speaking of StonedBridge, is it on its way down to $150/sqft?

[ltsddd]

[quote=flu][quote=UCGal][quote=flu][quote=bearishgurl]I just ran across this (1/9/12) article:
(emphasis added)

see: http://economy.ocregister.com/2012/01/09/state-targets-property-tax-payers/101799/%5B/quote%5D

No need for emphasis here. Everyone here already knows this BG.[/quote]

I’m confused flu…
Here you say everyone already knows this – when she posted an article saying a new computer system will be online this year to get the prop tax data from the counties.

Then in other posts you say they will never do it because they’re broke and won’t get the system together.

I assume the prop tax data will be like other tax data reported by employers, brokerage firms, banks, etc… sent directly from the county to the state (and fed)… Done electronically. Presumably they’ve defined the interfaces so that the reporters (counties) can all transmit the data exactly the same. Maybe that’s a leap – but it sounds like this has been in the works for a while.

Are you saying the computer program to accept this data from the counties won’t happen? Or are you saying everyone already knows it will be done (see above).

You can jump all over Brian for being inconsistent… but he’s consistently inconsistent. It throws me for a loop when you’re inconsistent, flu, because usually you maintain the consistent view.[/quote]

I meant to say that everyone knows reporting mello-ruse (sic) as property tax deduction is not correct. There’s been countless articles, discussions about this.

As far as the other part. I heavily doubt any reliable system is gonna be in place. They were talking about this in 2011. There is not going to be county to state electronic feeds, otherwise they wouldn’t be asking each person to send in their property tax bill. And that electronic feed is absolutely needed.

The analogy would be the 1099 form. You don’t send in 1099 forms because the IRS/FTB can already obtain that information electronically. And any information that needs to be reported but not sent electronically by the financial instituation is subject to accuracy issues…That’s why for the longest time, things such as wash sales and options/derivatives were more or less reported on an “honor system”, because the they don’t appear in a 1099 form, and without a explicit audit, there would be no electronic way (in the past) to verify if you complied with wash sales rules or reported profits from derivative trading correctly or for that matter reporting gains on stocks for which you had multiple multiple transactions throughout years and years of ownership For example, if one traded 1 stock 100 times in a 10-15 year interval, with varying purchase prices and sale prices, it’s nearly impossible for a computer to figure out if the same purchase shares were used more than once simply because the purchases were never reported to the IRS and never tracked. Option/derivative transactions were never reported to the IRS (and to my knowlede still aren’t)…And wash sales are can’t be t if you don’t have the buy history in the system. The system depended too heavily on the filer to accurately report.

The issue with dealing with the property tax bills is going to be exactly the same. Because again, it’s depending on the information that the owner sends in.
Even if the majority of the people won’t be sending in fake forms, just dealing with the different taxonomy within the country of what is ad-valorem and what isn’t going to be trivial…Because there isn’t a common dictionary or code to indicate what is or is not.

My understanding of how this hodgepodge system probably will work is “everything above a certain line” is going to be classified as deductible, everything below a certain box is going to be generally considered not taxable… Hope it’s consistent.[/quote]

I couldn’t see anywhere in the article that says tax filers need to send in a copy of their property tax bills. It does, however, mentioned that tax filers might need to have a copy of the property tax – and I assume – so that when they do their taxes they’ll know what is deductible and what’s not.

As some others pointed out, this is not as complicated for the state to implement and enforce. It’s far less complicated than the wash-sale rule. Stocks and mutual funds are much more complicated – you could buy/sell any amount at anytime, dividends, splits, reverse splits, etc…

[ltsddd]

[quote=captcha][quote=AN]

Torrey Pines High:
Asian – 955
Hispanic or Latino – 744
White – 871

Mira Mesa High:
Asian – 895
Hispanic or Latino – 781
White – 869
[/quote]

Looking at this alone it can’t be ethnicity alone since MM Asians are clearly scoring lower than Torrey Pines Asians.[/quote]

A more interesting question would be what’s the correlation between high API scores and success in life. There are schools that do put a lot of emphasis on tests taking.

[ltsddd]

ER,
That explains the confusion there. All the homes you cited are fine homes, but none of those is in Santaluz. Strictly speaking, Santaluz homes are those situated east of Camino Del Sur and south of San Dieguito Road. The ones you pointed out, other than the ones in Crosby, are west of Camino Del Sur and are really neither part of Santaluz or Del Sur developments. I will say this again, in Santaluz, a million $ will get nothing more than one of those casitas.

[Author]

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