[pemeliza]

Here is a nice new listing in 92024

http://www.sdlookup.com/MLS-100011921-92024

Huge lot but not much of a house and not single story.

[pemeliza]

Here is a nice new listing in 92024

http://www.sdlookup.com/MLS-100011921-92024

Huge lot but not much of a house and not single story.

[pemeliza]

Here is a nice new listing in 92024

http://www.sdlookup.com/MLS-100011921-92024

Huge lot but not much of a house and not single story.

[pemeliza]

1.) “Right now, I am in escrow for buyers who are getting something that I consider to be at least 10-15% below market”

2.) “Short sales have the potential to be closer to normal sales than bank owned sales do. Therefore, they could help dramatically to normalize the market. If you think about it, short sales could be done with far less waste.”

The bank owned deals that I am seeing almost always get bid up to “market value” unless there is fraud going on by the listing agent or the bank starts too high in price. Perhaps the “short sale” idea does have potential but right now I am still seeing way too much fraud and its the “short sales” that always seem to close below or sometimes even well below “market value”.

[pemeliza]

1.) “Right now, I am in escrow for buyers who are getting something that I consider to be at least 10-15% below market”

2.) “Short sales have the potential to be closer to normal sales than bank owned sales do. Therefore, they could help dramatically to normalize the market. If you think about it, short sales could be done with far less waste.”

The bank owned deals that I am seeing almost always get bid up to “market value” unless there is fraud going on by the listing agent or the bank starts too high in price. Perhaps the “short sale” idea does have potential but right now I am still seeing way too much fraud and its the “short sales” that always seem to close below or sometimes even well below “market value”.

[pemeliza]

1.) “Right now, I am in escrow for buyers who are getting something that I consider to be at least 10-15% below market”

2.) “Short sales have the potential to be closer to normal sales than bank owned sales do. Therefore, they could help dramatically to normalize the market. If you think about it, short sales could be done with far less waste.”

The bank owned deals that I am seeing almost always get bid up to “market value” unless there is fraud going on by the listing agent or the bank starts too high in price. Perhaps the “short sale” idea does have potential but right now I am still seeing way too much fraud and its the “short sales” that always seem to close below or sometimes even well below “market value”.

[pemeliza]

1.) “Right now, I am in escrow for buyers who are getting something that I consider to be at least 10-15% below market”

2.) “Short sales have the potential to be closer to normal sales than bank owned sales do. Therefore, they could help dramatically to normalize the market. If you think about it, short sales could be done with far less waste.”

The bank owned deals that I am seeing almost always get bid up to “market value” unless there is fraud going on by the listing agent or the bank starts too high in price. Perhaps the “short sale” idea does have potential but right now I am still seeing way too much fraud and its the “short sales” that always seem to close below or sometimes even well below “market value”.

[pemeliza]

1.) “Right now, I am in escrow for buyers who are getting something that I consider to be at least 10-15% below market”

2.) “Short sales have the potential to be closer to normal sales than bank owned sales do. Therefore, they could help dramatically to normalize the market. If you think about it, short sales could be done with far less waste.”

The bank owned deals that I am seeing almost always get bid up to “market value” unless there is fraud going on by the listing agent or the bank starts too high in price. Perhaps the “short sale” idea does have potential but right now I am still seeing way too much fraud and its the “short sales” that always seem to close below or sometimes even well below “market value”.

[pemeliza]

“I do expect them to drop to 2001-ish levels, adjusted for inflation.”

What year would this be in nominal terms CAR?

Maybe starting at 2000 price levels is better to avoid the funky time period between late 2001 and early 2002. If you figure 2.5-3.0% compounded over 10 years you get around 28-35%. So about 28-35% over 2000 pricing (nominal) in the good areas?

This is probably cherry picking a good deal but here is one that matches up to the math:

http://www.sdlookup.com/MLS-090060657-2801_Santa_Fe_Vista_Ct_Encinitas_CA_92024

Sold for 32% over 2000 price levels. That starts to look a good deal all things considered. I’m surprised that after two massive price drops they only got list price. Hard to imagine the buyer of that house getting hurt much on that deal.

[pemeliza]

“I do expect them to drop to 2001-ish levels, adjusted for inflation.”

What year would this be in nominal terms CAR?

Maybe starting at 2000 price levels is better to avoid the funky time period between late 2001 and early 2002. If you figure 2.5-3.0% compounded over 10 years you get around 28-35%. So about 28-35% over 2000 pricing (nominal) in the good areas?

This is probably cherry picking a good deal but here is one that matches up to the math:

http://www.sdlookup.com/MLS-090060657-2801_Santa_Fe_Vista_Ct_Encinitas_CA_92024

Sold for 32% over 2000 price levels. That starts to look a good deal all things considered. I’m surprised that after two massive price drops they only got list price. Hard to imagine the buyer of that house getting hurt much on that deal.

[pemeliza]

“I do expect them to drop to 2001-ish levels, adjusted for inflation.”

What year would this be in nominal terms CAR?

Maybe starting at 2000 price levels is better to avoid the funky time period between late 2001 and early 2002. If you figure 2.5-3.0% compounded over 10 years you get around 28-35%. So about 28-35% over 2000 pricing (nominal) in the good areas?

This is probably cherry picking a good deal but here is one that matches up to the math:

http://www.sdlookup.com/MLS-090060657-2801_Santa_Fe_Vista_Ct_Encinitas_CA_92024

Sold for 32% over 2000 price levels. That starts to look a good deal all things considered. I’m surprised that after two massive price drops they only got list price. Hard to imagine the buyer of that house getting hurt much on that deal.

[pemeliza]

“I do expect them to drop to 2001-ish levels, adjusted for inflation.”

What year would this be in nominal terms CAR?

Maybe starting at 2000 price levels is better to avoid the funky time period between late 2001 and early 2002. If you figure 2.5-3.0% compounded over 10 years you get around 28-35%. So about 28-35% over 2000 pricing (nominal) in the good areas?

This is probably cherry picking a good deal but here is one that matches up to the math:

http://www.sdlookup.com/MLS-090060657-2801_Santa_Fe_Vista_Ct_Encinitas_CA_92024

Sold for 32% over 2000 price levels. That starts to look a good deal all things considered. I’m surprised that after two massive price drops they only got list price. Hard to imagine the buyer of that house getting hurt much on that deal.

[pemeliza]

“I do expect them to drop to 2001-ish levels, adjusted for inflation.”

What year would this be in nominal terms CAR?

Maybe starting at 2000 price levels is better to avoid the funky time period between late 2001 and early 2002. If you figure 2.5-3.0% compounded over 10 years you get around 28-35%. So about 28-35% over 2000 pricing (nominal) in the good areas?

This is probably cherry picking a good deal but here is one that matches up to the math:

http://www.sdlookup.com/MLS-090060657-2801_Santa_Fe_Vista_Ct_Encinitas_CA_92024

Sold for 32% over 2000 price levels. That starts to look a good deal all things considered. I’m surprised that after two massive price drops they only got list price. Hard to imagine the buyer of that house getting hurt much on that deal.

[pemeliza]

“San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.”

There is a difference between being able to walk to most places and needing a car infrequently on one hand and needing a car for everything on the other hand. If the former is o.k. for you there are some places in SD that work out pretty well.

For myself, having lived in a suburb (Encinitas), followed by a walkable college town in North Carolina, I’m finding my current area (Mission Hills) to be a nice compromise.

[pemeliza]

“San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.”

There is a difference between being able to walk to most places and needing a car infrequently on one hand and needing a car for everything on the other hand. If the former is o.k. for you there are some places in SD that work out pretty well.

For myself, having lived in a suburb (Encinitas), followed by a walkable college town in North Carolina, I’m finding my current area (Mission Hills) to be a nice compromise.

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