[njtosd]

[quote=urbanrealtor]
. . .
DIY2:
Purchased a house in the greater Clairemont area.
They went directly to the seller (who I guess they knew) and made an offer that resulted in the same seller net they would have gotten if they used an agent (but with less total purchase price). Note: this purchase was in mid-2003 during an accelerating boom market.

It was my observation, when running the numbers that the buyer had overpaid by a few percent but that this did not qualify as “getting screwed”. . . .[/quote]

urbanrealtor –

Can you provide a little more information about why you think the buyer overpaid (at the time) by a few percent? If the seller doesn’t mind, can you tell us how much (in dollars) you think was overpaid? Considering the number of factors that can vary from property to property, I would think it would be difficult to cut it that close. Are there any realtors who (publicly) attempt to predict the ultimate sale price of homes on the market? (Don’t know if that would be ethical – ).

[njtosd]

[quote=urbanrealtor]
. . .
DIY2:
Purchased a house in the greater Clairemont area.
They went directly to the seller (who I guess they knew) and made an offer that resulted in the same seller net they would have gotten if they used an agent (but with less total purchase price). Note: this purchase was in mid-2003 during an accelerating boom market.

It was my observation, when running the numbers that the buyer had overpaid by a few percent but that this did not qualify as “getting screwed”. . . .[/quote]

urbanrealtor –

Can you provide a little more information about why you think the buyer overpaid (at the time) by a few percent? If the seller doesn’t mind, can you tell us how much (in dollars) you think was overpaid? Considering the number of factors that can vary from property to property, I would think it would be difficult to cut it that close. Are there any realtors who (publicly) attempt to predict the ultimate sale price of homes on the market? (Don’t know if that would be ethical – ).

[njtosd]

[quote=flu]
In case of the prosport, limits are ( 90lbs 59″ for the 5pt harness are, 120lbs/59″ as a booster)….though, lol why someone would keep a 90lb/59″ kid in a car seat is another story…[/quote]

Apparently Volvo thinks kids should be in car seats until age 10. I haven’t looked at the original article, but it is summarized here: http://freakonomics.blogs.nytimes.com/2010/01/27/volvo-weighs-in-on-child-car-seats/#more-25049

And speaking of the car seats and Freakonomics, Steven Levitt prepared an interesting paper about car seats and car seat testing entitled “Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children aged Two and Up*” http://pricetheory.uchicago.edu/levitt/Papers/levitt_carseats_farsdata.pdf

As Levitt indicates, more study is necessary, and his data don’t support the idea of abandoning the use of car seats. But I was interested to see in a later article of his that the testing facility that generated some of the data for the article was initially unwilling to conduct the tests that he was interested in because that facility relied on car seat manufactures for the majority of their business. In any event, they requested that the name of the facility not be disclosed in the article.

[njtosd]

[quote=flu]
In case of the prosport, limits are ( 90lbs 59″ for the 5pt harness are, 120lbs/59″ as a booster)….though, lol why someone would keep a 90lb/59″ kid in a car seat is another story…[/quote]

Apparently Volvo thinks kids should be in car seats until age 10. I haven’t looked at the original article, but it is summarized here: http://freakonomics.blogs.nytimes.com/2010/01/27/volvo-weighs-in-on-child-car-seats/#more-25049

And speaking of the car seats and Freakonomics, Steven Levitt prepared an interesting paper about car seats and car seat testing entitled “Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children aged Two and Up*” http://pricetheory.uchicago.edu/levitt/Papers/levitt_carseats_farsdata.pdf

As Levitt indicates, more study is necessary, and his data don’t support the idea of abandoning the use of car seats. But I was interested to see in a later article of his that the testing facility that generated some of the data for the article was initially unwilling to conduct the tests that he was interested in because that facility relied on car seat manufactures for the majority of their business. In any event, they requested that the name of the facility not be disclosed in the article.

[njtosd]

[quote=flu]
In case of the prosport, limits are ( 90lbs 59″ for the 5pt harness are, 120lbs/59″ as a booster)….though, lol why someone would keep a 90lb/59″ kid in a car seat is another story…[/quote]

Apparently Volvo thinks kids should be in car seats until age 10. I haven’t looked at the original article, but it is summarized here: http://freakonomics.blogs.nytimes.com/2010/01/27/volvo-weighs-in-on-child-car-seats/#more-25049

And speaking of the car seats and Freakonomics, Steven Levitt prepared an interesting paper about car seats and car seat testing entitled “Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children aged Two and Up*” http://pricetheory.uchicago.edu/levitt/Papers/levitt_carseats_farsdata.pdf

As Levitt indicates, more study is necessary, and his data don’t support the idea of abandoning the use of car seats. But I was interested to see in a later article of his that the testing facility that generated some of the data for the article was initially unwilling to conduct the tests that he was interested in because that facility relied on car seat manufactures for the majority of their business. In any event, they requested that the name of the facility not be disclosed in the article.

[njtosd]

[quote=flu]
In case of the prosport, limits are ( 90lbs 59″ for the 5pt harness are, 120lbs/59″ as a booster)….though, lol why someone would keep a 90lb/59″ kid in a car seat is another story…[/quote]

Apparently Volvo thinks kids should be in car seats until age 10. I haven’t looked at the original article, but it is summarized here: http://freakonomics.blogs.nytimes.com/2010/01/27/volvo-weighs-in-on-child-car-seats/#more-25049

And speaking of the car seats and Freakonomics, Steven Levitt prepared an interesting paper about car seats and car seat testing entitled “Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children aged Two and Up*” http://pricetheory.uchicago.edu/levitt/Papers/levitt_carseats_farsdata.pdf

As Levitt indicates, more study is necessary, and his data don’t support the idea of abandoning the use of car seats. But I was interested to see in a later article of his that the testing facility that generated some of the data for the article was initially unwilling to conduct the tests that he was interested in because that facility relied on car seat manufactures for the majority of their business. In any event, they requested that the name of the facility not be disclosed in the article.

[njtosd]

[quote=flu]
In case of the prosport, limits are ( 90lbs 59″ for the 5pt harness are, 120lbs/59″ as a booster)….though, lol why someone would keep a 90lb/59″ kid in a car seat is another story…[/quote]

Apparently Volvo thinks kids should be in car seats until age 10. I haven’t looked at the original article, but it is summarized here: http://freakonomics.blogs.nytimes.com/2010/01/27/volvo-weighs-in-on-child-car-seats/#more-25049

And speaking of the car seats and Freakonomics, Steven Levitt prepared an interesting paper about car seats and car seat testing entitled “Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children aged Two and Up*” http://pricetheory.uchicago.edu/levitt/Papers/levitt_carseats_farsdata.pdf

As Levitt indicates, more study is necessary, and his data don’t support the idea of abandoning the use of car seats. But I was interested to see in a later article of his that the testing facility that generated some of the data for the article was initially unwilling to conduct the tests that he was interested in because that facility relied on car seat manufactures for the majority of their business. In any event, they requested that the name of the facility not be disclosed in the article.

[njtosd]

[quote=sdrealtor]Thats not it nj and my point was to find out what people think would be reasonable appreciation over 22 years. It would be a good idea to look at what has happened to the CPI and median HH incomes as a starting point.

[/quote]

sdr – I wasn’t suggesting that it was the same house – the Glencliff house was built a year later than your example and sold for $580,000 (before landscaping). It came to mind only because I thought it had a very nice size yard and view (if you can ignore the power lines) compared to the interior. Interestingly, that home last sold less than three years ago for $1.6 million.
The median HH income varies (widely) with location. The CPI also varies with location. For San Diego, the CPI in 1988 was 138; in June of this year it was 244. Not that it’s particularly meaningful alone, but if you take your hypothetical home value and scale it up based on the San Diego CPI, you get about $844,000. Which, if I’m understanding your earlier post, is pretty close to what it is being sold for.
Regarding location, as someone mentioned earllier, Detroit provides a great example. I grew up in the suburbs of Detroit and my parents sold that home in 1987. Taking a quick look at what has sold around that area lately, the value of that home has not appreciated at all (and may have declined slightly) during the 23 years since my parents sold it.

[njtosd]

[quote=sdrealtor]Thats not it nj and my point was to find out what people think would be reasonable appreciation over 22 years. It would be a good idea to look at what has happened to the CPI and median HH incomes as a starting point.

[/quote]

sdr – I wasn’t suggesting that it was the same house – the Glencliff house was built a year later than your example and sold for $580,000 (before landscaping). It came to mind only because I thought it had a very nice size yard and view (if you can ignore the power lines) compared to the interior. Interestingly, that home last sold less than three years ago for $1.6 million.
The median HH income varies (widely) with location. The CPI also varies with location. For San Diego, the CPI in 1988 was 138; in June of this year it was 244. Not that it’s particularly meaningful alone, but if you take your hypothetical home value and scale it up based on the San Diego CPI, you get about $844,000. Which, if I’m understanding your earlier post, is pretty close to what it is being sold for.
Regarding location, as someone mentioned earllier, Detroit provides a great example. I grew up in the suburbs of Detroit and my parents sold that home in 1987. Taking a quick look at what has sold around that area lately, the value of that home has not appreciated at all (and may have declined slightly) during the 23 years since my parents sold it.

[njtosd]

[quote=sdrealtor]Thats not it nj and my point was to find out what people think would be reasonable appreciation over 22 years. It would be a good idea to look at what has happened to the CPI and median HH incomes as a starting point.

[/quote]

sdr – I wasn’t suggesting that it was the same house – the Glencliff house was built a year later than your example and sold for $580,000 (before landscaping). It came to mind only because I thought it had a very nice size yard and view (if you can ignore the power lines) compared to the interior. Interestingly, that home last sold less than three years ago for $1.6 million.
The median HH income varies (widely) with location. The CPI also varies with location. For San Diego, the CPI in 1988 was 138; in June of this year it was 244. Not that it’s particularly meaningful alone, but if you take your hypothetical home value and scale it up based on the San Diego CPI, you get about $844,000. Which, if I’m understanding your earlier post, is pretty close to what it is being sold for.
Regarding location, as someone mentioned earllier, Detroit provides a great example. I grew up in the suburbs of Detroit and my parents sold that home in 1987. Taking a quick look at what has sold around that area lately, the value of that home has not appreciated at all (and may have declined slightly) during the 23 years since my parents sold it.

[njtosd]

[quote=sdrealtor]Thats not it nj and my point was to find out what people think would be reasonable appreciation over 22 years. It would be a good idea to look at what has happened to the CPI and median HH incomes as a starting point.

[/quote]

sdr – I wasn’t suggesting that it was the same house – the Glencliff house was built a year later than your example and sold for $580,000 (before landscaping). It came to mind only because I thought it had a very nice size yard and view (if you can ignore the power lines) compared to the interior. Interestingly, that home last sold less than three years ago for $1.6 million.
The median HH income varies (widely) with location. The CPI also varies with location. For San Diego, the CPI in 1988 was 138; in June of this year it was 244. Not that it’s particularly meaningful alone, but if you take your hypothetical home value and scale it up based on the San Diego CPI, you get about $844,000. Which, if I’m understanding your earlier post, is pretty close to what it is being sold for.
Regarding location, as someone mentioned earllier, Detroit provides a great example. I grew up in the suburbs of Detroit and my parents sold that home in 1987. Taking a quick look at what has sold around that area lately, the value of that home has not appreciated at all (and may have declined slightly) during the 23 years since my parents sold it.

[njtosd]

[quote=sdrealtor]Thats not it nj and my point was to find out what people think would be reasonable appreciation over 22 years. It would be a good idea to look at what has happened to the CPI and median HH incomes as a starting point.

[/quote]

sdr – I wasn’t suggesting that it was the same house – the Glencliff house was built a year later than your example and sold for $580,000 (before landscaping). It came to mind only because I thought it had a very nice size yard and view (if you can ignore the power lines) compared to the interior. Interestingly, that home last sold less than three years ago for $1.6 million.
The median HH income varies (widely) with location. The CPI also varies with location. For San Diego, the CPI in 1988 was 138; in June of this year it was 244. Not that it’s particularly meaningful alone, but if you take your hypothetical home value and scale it up based on the San Diego CPI, you get about $844,000. Which, if I’m understanding your earlier post, is pretty close to what it is being sold for.
Regarding location, as someone mentioned earllier, Detroit provides a great example. I grew up in the suburbs of Detroit and my parents sold that home in 1987. Taking a quick look at what has sold around that area lately, the value of that home has not appreciated at all (and may have declined slightly) during the 23 years since my parents sold it.

[njtosd]

[quote=sdrealtor] Let see some guesses as to what you think the house was priced at today and what you all think it should be fairly priced at today.[/quote]

To answer your question I think we’d need to know something about the location. But for instance, a house in CV (13434 Glencliff) sold originally in 1989 for $580,000. The pictures show the decor to be rather old, but it’s on about half an acre and it seems like it has a nice looking pool. It does have a view of power lines, though. It sold on 8/31 for $1,075,000. I think they could have gotten quite a bit more if the inside hadn’t looked so depressing. Am I anywhere close?

[njtosd]

[quote=sdrealtor] Let see some guesses as to what you think the house was priced at today and what you all think it should be fairly priced at today.[/quote]

To answer your question I think we’d need to know something about the location. But for instance, a house in CV (13434 Glencliff) sold originally in 1989 for $580,000. The pictures show the decor to be rather old, but it’s on about half an acre and it seems like it has a nice looking pool. It does have a view of power lines, though. It sold on 8/31 for $1,075,000. I think they could have gotten quite a bit more if the inside hadn’t looked so depressing. Am I anywhere close?

[njtosd]

[quote=sdrealtor] Let see some guesses as to what you think the house was priced at today and what you all think it should be fairly priced at today.[/quote]

To answer your question I think we’d need to know something about the location. But for instance, a house in CV (13434 Glencliff) sold originally in 1989 for $580,000. The pictures show the decor to be rather old, but it’s on about half an acre and it seems like it has a nice looking pool. It does have a view of power lines, though. It sold on 8/31 for $1,075,000. I think they could have gotten quite a bit more if the inside hadn’t looked so depressing. Am I anywhere close?

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