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pemeliza
ParticipantSDR, certainly there are more folks wanting the type of house you mention but then again there are a lot more of those types of houses in SD county! All I am suggesting (and I could be wrong of course) is that apparently there is at least enough demand for PL and MH to keep it a supply constrained market and thus keep the prices up there. This really isn’t an issue of my own personal preference, it is a numbers game. Those of us that choose to raise our families in a place like MH may indeed be statistical anomalies. In my case, I lived the suburban dream. I had a big new house in Encinitas with a 180 degree ocean view. Frankly, I didn’t like living there as much as I thought I would. I personally like to be closer to what San Diego has to offer and am willing to deal with the associated issues. Certainly, MH isn’t for everyone and for us it certainly wasn’t our first home (we started with a condo in La Jolla). I can imagine that getting a starter home in MH big enough for a family can indeed be a daunting proposition and that could be another reason the demographic you mention is not interested in MH or PL.
ParticipantSDR, certainly there are more folks wanting the type of house you mention but then again there are a lot more of those types of houses in SD county! All I am suggesting (and I could be wrong of course) is that apparently there is at least enough demand for PL and MH to keep it a supply constrained market and thus keep the prices up there. This really isn’t an issue of my own personal preference, it is a numbers game. Those of us that choose to raise our families in a place like MH may indeed be statistical anomalies. In my case, I lived the suburban dream. I had a big new house in Encinitas with a 180 degree ocean view. Frankly, I didn’t like living there as much as I thought I would. I personally like to be closer to what San Diego has to offer and am willing to deal with the associated issues. Certainly, MH isn’t for everyone and for us it certainly wasn’t our first home (we started with a condo in La Jolla). I can imagine that getting a starter home in MH big enough for a family can indeed be a daunting proposition and that could be another reason the demographic you mention is not interested in MH or PL.
ParticipantThe high school choices in MH are subpar perhaps but K-8 is pretty good now that Grant has a middle school. Also, the schools in the urban areas have always been weaker and yet demand for good houses still seems decent.
If you think about it, north Mission Hills probably has fewer residences than just one of those monster tract home developments out in Rancho Bernardo on the seemingly endless supply of land. When I drive out east anymore I think I am visiting a lunar landscape with a dense bunch of strange alien looking structures attached to it. There are some exceptions like certain parts of Poway and Mt. Helix. These are very nice areas and Poway certainly has the great schools.
However, once the coast dropped down to our price range it was really a no brainer. Frankly, me and my wife didn’t go to the best schools when we were kids and we turned out fine. We spend a tremendous amount of time teaching our kid ourselves anyway.
I remember the day we first toured our new MH house (we were also touring a few houses in Poway) … it was 104 degrees in Poway and 85 degrees in MH with a steady cool ocean breeze. We were like “wow” now this is what we like about San Diego. Case closed.
I think the overall scarcity of the real estate in addition to the desirability of the location will somewhat temper the lousy school districts of the prime urban areas. In the end, many people with money will opt for private schools anyway and obviously there are many great ones to choose from in the area.
ParticipantThe high school choices in MH are subpar perhaps but K-8 is pretty good now that Grant has a middle school. Also, the schools in the urban areas have always been weaker and yet demand for good houses still seems decent.
If you think about it, north Mission Hills probably has fewer residences than just one of those monster tract home developments out in Rancho Bernardo on the seemingly endless supply of land. When I drive out east anymore I think I am visiting a lunar landscape with a dense bunch of strange alien looking structures attached to it. There are some exceptions like certain parts of Poway and Mt. Helix. These are very nice areas and Poway certainly has the great schools.
However, once the coast dropped down to our price range it was really a no brainer. Frankly, me and my wife didn’t go to the best schools when we were kids and we turned out fine. We spend a tremendous amount of time teaching our kid ourselves anyway.
I remember the day we first toured our new MH house (we were also touring a few houses in Poway) … it was 104 degrees in Poway and 85 degrees in MH with a steady cool ocean breeze. We were like “wow” now this is what we like about San Diego. Case closed.
I think the overall scarcity of the real estate in addition to the desirability of the location will somewhat temper the lousy school districts of the prime urban areas. In the end, many people with money will opt for private schools anyway and obviously there are many great ones to choose from in the area.
ParticipantThe high school choices in MH are subpar perhaps but K-8 is pretty good now that Grant has a middle school. Also, the schools in the urban areas have always been weaker and yet demand for good houses still seems decent.
If you think about it, north Mission Hills probably has fewer residences than just one of those monster tract home developments out in Rancho Bernardo on the seemingly endless supply of land. When I drive out east anymore I think I am visiting a lunar landscape with a dense bunch of strange alien looking structures attached to it. There are some exceptions like certain parts of Poway and Mt. Helix. These are very nice areas and Poway certainly has the great schools.
However, once the coast dropped down to our price range it was really a no brainer. Frankly, me and my wife didn’t go to the best schools when we were kids and we turned out fine. We spend a tremendous amount of time teaching our kid ourselves anyway.
I remember the day we first toured our new MH house (we were also touring a few houses in Poway) … it was 104 degrees in Poway and 85 degrees in MH with a steady cool ocean breeze. We were like “wow” now this is what we like about San Diego. Case closed.
I think the overall scarcity of the real estate in addition to the desirability of the location will somewhat temper the lousy school districts of the prime urban areas. In the end, many people with money will opt for private schools anyway and obviously there are many great ones to choose from in the area.
ParticipantThe high school choices in MH are subpar perhaps but K-8 is pretty good now that Grant has a middle school. Also, the schools in the urban areas have always been weaker and yet demand for good houses still seems decent.
If you think about it, north Mission Hills probably has fewer residences than just one of those monster tract home developments out in Rancho Bernardo on the seemingly endless supply of land. When I drive out east anymore I think I am visiting a lunar landscape with a dense bunch of strange alien looking structures attached to it. There are some exceptions like certain parts of Poway and Mt. Helix. These are very nice areas and Poway certainly has the great schools.
However, once the coast dropped down to our price range it was really a no brainer. Frankly, me and my wife didn’t go to the best schools when we were kids and we turned out fine. We spend a tremendous amount of time teaching our kid ourselves anyway.
I remember the day we first toured our new MH house (we were also touring a few houses in Poway) … it was 104 degrees in Poway and 85 degrees in MH with a steady cool ocean breeze. We were like “wow” now this is what we like about San Diego. Case closed.
I think the overall scarcity of the real estate in addition to the desirability of the location will somewhat temper the lousy school districts of the prime urban areas. In the end, many people with money will opt for private schools anyway and obviously there are many great ones to choose from in the area.
ParticipantThe high school choices in MH are subpar perhaps but K-8 is pretty good now that Grant has a middle school. Also, the schools in the urban areas have always been weaker and yet demand for good houses still seems decent.
If you think about it, north Mission Hills probably has fewer residences than just one of those monster tract home developments out in Rancho Bernardo on the seemingly endless supply of land. When I drive out east anymore I think I am visiting a lunar landscape with a dense bunch of strange alien looking structures attached to it. There are some exceptions like certain parts of Poway and Mt. Helix. These are very nice areas and Poway certainly has the great schools.
However, once the coast dropped down to our price range it was really a no brainer. Frankly, me and my wife didn’t go to the best schools when we were kids and we turned out fine. We spend a tremendous amount of time teaching our kid ourselves anyway.
I remember the day we first toured our new MH house (we were also touring a few houses in Poway) … it was 104 degrees in Poway and 85 degrees in MH with a steady cool ocean breeze. We were like “wow” now this is what we like about San Diego. Case closed.
I think the overall scarcity of the real estate in addition to the desirability of the location will somewhat temper the lousy school districts of the prime urban areas. In the end, many people with money will opt for private schools anyway and obviously there are many great ones to choose from in the area.
Participantzzz, I missed that thanks for pointing it out. With the mills act in place the price is probably appropriate.
“So in the end, you pay the same amount. I mean, if you’re paying cash, sure. What percentage of people can pay cash?”
That all depends on how long you intend to keep the house … also when you go to sell the mills act is still in place which will result in lower taxes to the buyer so you will essentially get the additional cost paid back. So, it seems to be like an interest bearing savings account. Another thing is that properties with the mills act in place tend to be in very good condition.
AN, here is an example in MH that shows that prices really havn’t gone up that much from 1986 and appreciation rates have varied wildly even within MH:
http://www.sdlookup.com/MLS-100055110-2484_Pine_St_San_Diego_CA_92103
10/27/2010 $965,000 23y 11m 84% 3%
11/10/1986 $524,900 n/a – –I paid 1.66x the 1988 price on a house I purchased in MH last year which is probably in the same ballbark as this one on Pine which is 1.84x the 1986 price. If a house appreciated much more than 2x the 1986 price then I would say that the house likely had substantial improvements made.
As a general rule, the lower cost homes in MH have appreciated on a percentage basis much more rapidly than the higher priced homes since the 1980’s. This fact is probably largely due to the huge decline in interest rates since then and the fact that people buy on payment.
edit: nice post zzz
Participantzzz, I missed that thanks for pointing it out. With the mills act in place the price is probably appropriate.
“So in the end, you pay the same amount. I mean, if you’re paying cash, sure. What percentage of people can pay cash?”
That all depends on how long you intend to keep the house … also when you go to sell the mills act is still in place which will result in lower taxes to the buyer so you will essentially get the additional cost paid back. So, it seems to be like an interest bearing savings account. Another thing is that properties with the mills act in place tend to be in very good condition.
AN, here is an example in MH that shows that prices really havn’t gone up that much from 1986 and appreciation rates have varied wildly even within MH:
http://www.sdlookup.com/MLS-100055110-2484_Pine_St_San_Diego_CA_92103
10/27/2010 $965,000 23y 11m 84% 3%
11/10/1986 $524,900 n/a – –I paid 1.66x the 1988 price on a house I purchased in MH last year which is probably in the same ballbark as this one on Pine which is 1.84x the 1986 price. If a house appreciated much more than 2x the 1986 price then I would say that the house likely had substantial improvements made.
As a general rule, the lower cost homes in MH have appreciated on a percentage basis much more rapidly than the higher priced homes since the 1980’s. This fact is probably largely due to the huge decline in interest rates since then and the fact that people buy on payment.
edit: nice post zzz
Participantzzz, I missed that thanks for pointing it out. With the mills act in place the price is probably appropriate.
“So in the end, you pay the same amount. I mean, if you’re paying cash, sure. What percentage of people can pay cash?”
That all depends on how long you intend to keep the house … also when you go to sell the mills act is still in place which will result in lower taxes to the buyer so you will essentially get the additional cost paid back. So, it seems to be like an interest bearing savings account. Another thing is that properties with the mills act in place tend to be in very good condition.
AN, here is an example in MH that shows that prices really havn’t gone up that much from 1986 and appreciation rates have varied wildly even within MH:
http://www.sdlookup.com/MLS-100055110-2484_Pine_St_San_Diego_CA_92103
10/27/2010 $965,000 23y 11m 84% 3%
11/10/1986 $524,900 n/a – –I paid 1.66x the 1988 price on a house I purchased in MH last year which is probably in the same ballbark as this one on Pine which is 1.84x the 1986 price. If a house appreciated much more than 2x the 1986 price then I would say that the house likely had substantial improvements made.
As a general rule, the lower cost homes in MH have appreciated on a percentage basis much more rapidly than the higher priced homes since the 1980’s. This fact is probably largely due to the huge decline in interest rates since then and the fact that people buy on payment.
edit: nice post zzz
Participantzzz, I missed that thanks for pointing it out. With the mills act in place the price is probably appropriate.
“So in the end, you pay the same amount. I mean, if you’re paying cash, sure. What percentage of people can pay cash?”
That all depends on how long you intend to keep the house … also when you go to sell the mills act is still in place which will result in lower taxes to the buyer so you will essentially get the additional cost paid back. So, it seems to be like an interest bearing savings account. Another thing is that properties with the mills act in place tend to be in very good condition.
AN, here is an example in MH that shows that prices really havn’t gone up that much from 1986 and appreciation rates have varied wildly even within MH:
http://www.sdlookup.com/MLS-100055110-2484_Pine_St_San_Diego_CA_92103
10/27/2010 $965,000 23y 11m 84% 3%
11/10/1986 $524,900 n/a – –I paid 1.66x the 1988 price on a house I purchased in MH last year which is probably in the same ballbark as this one on Pine which is 1.84x the 1986 price. If a house appreciated much more than 2x the 1986 price then I would say that the house likely had substantial improvements made.
As a general rule, the lower cost homes in MH have appreciated on a percentage basis much more rapidly than the higher priced homes since the 1980’s. This fact is probably largely due to the huge decline in interest rates since then and the fact that people buy on payment.
edit: nice post zzz
Participantzzz, I missed that thanks for pointing it out. With the mills act in place the price is probably appropriate.
“So in the end, you pay the same amount. I mean, if you’re paying cash, sure. What percentage of people can pay cash?”
That all depends on how long you intend to keep the house … also when you go to sell the mills act is still in place which will result in lower taxes to the buyer so you will essentially get the additional cost paid back. So, it seems to be like an interest bearing savings account. Another thing is that properties with the mills act in place tend to be in very good condition.
AN, here is an example in MH that shows that prices really havn’t gone up that much from 1986 and appreciation rates have varied wildly even within MH:
http://www.sdlookup.com/MLS-100055110-2484_Pine_St_San_Diego_CA_92103
10/27/2010 $965,000 23y 11m 84% 3%
11/10/1986 $524,900 n/a – –I paid 1.66x the 1988 price on a house I purchased in MH last year which is probably in the same ballbark as this one on Pine which is 1.84x the 1986 price. If a house appreciated much more than 2x the 1986 price then I would say that the house likely had substantial improvements made.
As a general rule, the lower cost homes in MH have appreciated on a percentage basis much more rapidly than the higher priced homes since the 1980’s. This fact is probably largely due to the huge decline in interest rates since then and the fact that people buy on payment.
edit: nice post zzz
Participant“For those MH experts out there, I have a question for you guys/gals. Because I don’t know MH that well, maybe you guys can enlighten me. What’s so special about MH that makes it so expensive? In my eyes, it might even be more expensive than LJ. Here are two examples, one in MH and one in LJ.
http://www.sdlookup.com/MLS-100063461-18…
1588 sq-ft on 4100 sq-ft lot w/ no view.http://www.sdlookup.com/MLS-100027762-56…
2593 sq-ft w/ Canyon view.”I am no expert but I do live in MH and I think these are apples to oranges comparisons. The La Jolla listing is a major tract development that is not within walking distance to anything. While the MH listing is on a prime street that is very walkable and located within a stones throw of virtually everything that makes SD great. In that part of MH the pride of ownership is striking. I encourage you to come down and walk the streets there really isn’t much else like it in SD county.
Finally, that listing in MH is priced too high for today’s market.I think if you want a better comparison to the MH home I would start looking at perhaps La Jolla Village or Coronado village. Admittedly they are both closer to the ocean but the feel of the neighborhoods is going to be much more similar to north Mission Hills. Frankly, I strongly prefer MH to either of the other villages because although they are closer to the ocean, getting in and out of La Jolla and Coronado is a major PITA while MH has nearly instant freeway access.
Here is a much better apples to apples comparison in La Jolla for example to the MH listing:
http://www.sdlookup.com/MLS-100054186-750_Genter_St_La_Jolla_CA_92037
Here is one in Coronado:
http://www.sdlookup.com/MLS-100052362-467_A_Ave_Coronado_CA_92118
Participant“For those MH experts out there, I have a question for you guys/gals. Because I don’t know MH that well, maybe you guys can enlighten me. What’s so special about MH that makes it so expensive? In my eyes, it might even be more expensive than LJ. Here are two examples, one in MH and one in LJ.
http://www.sdlookup.com/MLS-100063461-18…
1588 sq-ft on 4100 sq-ft lot w/ no view.http://www.sdlookup.com/MLS-100027762-56…
2593 sq-ft w/ Canyon view.”I am no expert but I do live in MH and I think these are apples to oranges comparisons. The La Jolla listing is a major tract development that is not within walking distance to anything. While the MH listing is on a prime street that is very walkable and located within a stones throw of virtually everything that makes SD great. In that part of MH the pride of ownership is striking. I encourage you to come down and walk the streets there really isn’t much else like it in SD county.
Finally, that listing in MH is priced too high for today’s market.I think if you want a better comparison to the MH home I would start looking at perhaps La Jolla Village or Coronado village. Admittedly they are both closer to the ocean but the feel of the neighborhoods is going to be much more similar to north Mission Hills. Frankly, I strongly prefer MH to either of the other villages because although they are closer to the ocean, getting in and out of La Jolla and Coronado is a major PITA while MH has nearly instant freeway access.
Here is a much better apples to apples comparison in La Jolla for example to the MH listing:
http://www.sdlookup.com/MLS-100054186-750_Genter_St_La_Jolla_CA_92037
Here is one in Coronado:
http://www.sdlookup.com/MLS-100052362-467_A_Ave_Coronado_CA_92118
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