[PD]

Perry, I can’t beleive that you think traveling with the military does not count. What a snob! It is true that some people choose never to leave their comfort zone but you can’t lump all people together! My husband took every chance he could get (leave, weekends) to travel around and immerse himself in the culture.
By the way, there are plenty of civilian people living in other countries who never leave their American compound.

[PD]

Here are some Coronado properties to compare:

MLS 060089745 – 1,395,000
445 E Ave
3/3 SF with 1800 sq ft
This house looks really nice from the outside.

MLS 060083537 – 1,195,000 – 1,350,000
4/3 with 2,100 sq ft and a 4,500 sq ft lot
This house looks really nice but does have traffic issues.

MLS 060065153 1,174,000
355 Alameda Blvd
3/2 2,291 sq ft 3,500 lot
This house is ugly from the outside and needs some work on the inside. There are also traffic issues (which will get better when North Island completes their main entrance changes). However, it has a nice size lot and space inside. It is certainly in the running for a family who wants some space a some yard. It has potential and could be made to look nice from the street with a few cosmetic changes.

MLS 060053438 – 1,185,000
340 I Ave
3/3 2,033 sq ft 3484 lot
This house probably needs some work. But it is a SF with a nice lot.

MLS 060072389 – 1,395,000
576 E Ave
3/2 1700 sq ft 3,500 sq ft lot
This Historic house is beautiful! It is right next to the high school, so there is some traffic. This location would be a negative to some people but a positive for families with high school students. It looks great from the street and seems to be well maintained. You get a small property tax break because it is historic – about 2k a year? I would not think twice about choosing this house over the next two properties.

Two townhouses I think are underwater:
MLS 06074572 – 1,325,000
940 E Ave #1
3/2 1,600 sq ft No lot size listed because it is a townhome
It looks nice from the outside and the pictures look good on the inside but it’s a TOWNHOUSE. You can’t ever tear it down to rebuild and you are sharing a wall with someone else. Plus you have HOA dues!
Paid 1,200,000 on 3/05
They would be lucky to sell this place for what the paid. Plus they have selling costs. Why would you buy this when there are nice SF homes for the same price are cheaper?

MLS 060052787 – 1,375,000
862 G Ave
3/2 1,640 sq ft
It looks nice from the outside and pictures inside look good. But it is a townhouse with HOA dues of $190. Sorry, but there is NO WAY I would buy a townhouse when I could have a SF for the same price or better.
Paid 1,200,000 on 6/05 This place is empty and has been on the market for over 200 days (or longer?)

[PD]

When his voting record shows him crossing the isle, then I’ll believe that he is willing to cross the isle. I once had a roommate who seemed to listen to grievances and participate in discussions and make me think I was making progress. Then I would find out that they never had any intention of making changes. Talk is cheap. Records count.

[PD]

As for someone falling in love with a property, you can make that argument for any location. We really like Coronado and would like buy a house and stay. However, even with a good chunk in the bank and great credit, the prices are beyond what is reasonable for us. It doesn’t matter how much I love it, I can’t afford it.
It used to be that an officer family could buy a lower end SF here. I don’t know anyone who can buy now. I have not met an officer family who owns here unless they bought before 2005. Prices have to come down before that pent up demand can be captured. In order for prices to be sustainable, you can’t lose demand to other areas (because of lower relative pricing) and you have to replace the demand by military folks who used buy here.

[PD]

As for rent, I haven’t really been paying a lot of attention but it seems like they have gone down a little in the last few months (not sure, though). Last summer there was a spike in rental demand as all familes were forced to move out of housing on the N.A.B. This increased rental demand so prices went up a lot. However, the new houses on the N.A.B are coming along quickly and may be ready for people to start moving back this summer. When this happens, all the people who were forced to move out will be able to move back in, probably causing an increase in available properties and a decrease in demand. So I don’t think the spike in rental prices from last summer is sustainable.
Rental prices can’t go up any more as there will just not be enough people willing to pay the price. It was one thing to get 2,400 for housing and pay 2,600 – 2,900. It is quite another to get 2,400 for housing and pay 3,000 – 3,500.

[PD]

It looks to me like prices are falling. However, I’m not looking at anything over 1.5M. Perhaps the higher priced properties are rising. With such a wide range of prices (850,000 to 16M), you can’t rely on the median.
MLS 060065973 sold last year for 1,050,000 and was recently listed at 999K. It has gone inactive so I guess it is in escrow.

I’m seeing lots of reductions and only the best priced properties are selling fast. There seems to be a disconnect with some sellers. There are a couple of townhomes in the village that are for sale where the seller bought last year and is trying to break even. They are never going to do it as there are a couple of comparable SF homes for similar prices. It certainly looks to me like some billy boxes have gone from 1,750,000 to about 1,300,000.

I know someone who has had their Cays off-water home for sale off and on for a year. It is never going to sell until they lower their price (they had it in escrow last spring but the buyer couldn’t sell their home).
I think Coronado will be one of the last places to really see a big reduction but I think it is coming. I know you are only interested in the village but Cays home prices affect village prices.

Have these realtors provided all comps to you? I would ask to see them as far back as spring 2005 (there aren’t that many homes). That is the only way to get to the truth. I think they are just putting the hard sell on you because they need to pay the bills.

In the last downturn, even the best areas got hurt. Coronado is no different.

[PD]

Really? Please provide links to terrorist attacks that have occurred within US borders since 9/11. I’m interested in these numbers.

[PD]

I recently told my 10 year-old son that I was going to teach him how to cook. His perplexed response was, “Why? Men don’t cook.” 🙁

[PD]

It was pure luck that Clinton was president during the birth of the internet and all of the economic pluses hat went with it (lots of extra capital gains taxes rolling in). Of course, Al did try to take credit for it…

[PD]

Some observations from posts on this thread and the Obama thread:

Americans who root for failure in Iraq because they want egg on the face of republicans are a disgusting group. A true patriot would only want outcomes that strengthen our nation, not those that weaken the nation but give their political party leverage.

Carl Rove didn’t invent a new book of political tactics. Politics is and has always been a cutthroat business. I’m sure Caesar didn’t think the people stabbing him were just being nice.

I’m not buying into the “poor wittle democrats” theme who have been too busy cowering to stand up to the big bad meanie-weanie Republicans.

Lots of people here spout condemnation for partisan politics yet are extremely partisan themselves and wear big blinders. It amazes me that anyone would delude themselves into thinking that Obama would not be a partisan president even though his record (hard and fast proof of how he operates) says otherwise. But wait! He SAYS he won’t be partisan.

I bet a healthy number of soldiers killed in Iraq would not be pleased by people using them to beat an anti-war drum. What would Cindy Sheehan’s son really think about how his mother and the Democratic party have used him to further their cause? Cindy Sheehan’s husband of 28 years filed for divorce one week after she set up camp outside Bush’s ranch. How does he feel about what she is doing?

[PD]

They probably would have been better off before. At least the mello-roos was a “hidden” discount. Future buyers might not even know that some houses did not have mello-roos, falsly proping up the prices of the houses with mello-roos. Now all houses will be discounted up front. Are they going to whine, complain and picket when Pardee has sales specials for 100k – 150k off?

[PD]

Maybe he should leave for 5 years and then come back. 🙂

[PD]

Obama has no where near enough experience to be president.
But hey, he looks good without his shirt on, he is talking the right smack (like I’m not partisan even though he is), and gee, people like him.
So I guess he’s in.

[PD]

Thank you for the info.

[PD]

Do you have the numbers for 92118?
Are historical numbers for closings available? I would really like to know how many homes sold each month for a far back as is available.
Thank you!

[Author]

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