[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[pemeliza]

“Income Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.”

I believe that it is the case that if you refi within 12 months of purchasing cash the loan is considered “acquisition” debt. Please check me on this as I looked at the tax documents years ago.

[pemeliza]

“Income Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.”

I believe that it is the case that if you refi within 12 months of purchasing cash the loan is considered “acquisition” debt. Please check me on this as I looked at the tax documents years ago.

[pemeliza]

“Income Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.”

I believe that it is the case that if you refi within 12 months of purchasing cash the loan is considered “acquisition” debt. Please check me on this as I looked at the tax documents years ago.

[pemeliza]

“Income Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.”

I believe that it is the case that if you refi within 12 months of purchasing cash the loan is considered “acquisition” debt. Please check me on this as I looked at the tax documents years ago.

[pemeliza]

“Income Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.”

I believe that it is the case that if you refi within 12 months of purchasing cash the loan is considered “acquisition” debt. Please check me on this as I looked at the tax documents years ago.

[pemeliza]

Support is being found for Del Cerro view homes.

The Yokohama house is finally pending:

http://www.sdlookup.com/MLS-080039492-5838_Yokohama_San_Diego_Ca_92120

And another just went pending this morning

http://www.sdlookup.com/MLS-086002276-6230_Del_Paso_Ave_San_Diego_CA_92120

I for one have pretty much given up on finding a good deal in Del Cerro or Mt Helix for now. I think the high gas prices are pushing up demand for the close in locations.

Not much inventory coming online in either area. Meaningful price reductions are triggering quick offers.

[pemeliza]

Support is being found for Del Cerro view homes.

The Yokohama house is finally pending:

http://www.sdlookup.com/MLS-080039492-5838_Yokohama_San_Diego_Ca_92120

And another just went pending this morning

http://www.sdlookup.com/MLS-086002276-6230_Del_Paso_Ave_San_Diego_CA_92120

I for one have pretty much given up on finding a good deal in Del Cerro or Mt Helix for now. I think the high gas prices are pushing up demand for the close in locations.

Not much inventory coming online in either area. Meaningful price reductions are triggering quick offers.

[pemeliza]

Support is being found for Del Cerro view homes.

The Yokohama house is finally pending:

http://www.sdlookup.com/MLS-080039492-5838_Yokohama_San_Diego_Ca_92120

And another just went pending this morning

http://www.sdlookup.com/MLS-086002276-6230_Del_Paso_Ave_San_Diego_CA_92120

I for one have pretty much given up on finding a good deal in Del Cerro or Mt Helix for now. I think the high gas prices are pushing up demand for the close in locations.

Not much inventory coming online in either area. Meaningful price reductions are triggering quick offers.

[pemeliza]

Support is being found for Del Cerro view homes.

The Yokohama house is finally pending:

http://www.sdlookup.com/MLS-080039492-5838_Yokohama_San_Diego_Ca_92120

And another just went pending this morning

http://www.sdlookup.com/MLS-086002276-6230_Del_Paso_Ave_San_Diego_CA_92120

I for one have pretty much given up on finding a good deal in Del Cerro or Mt Helix for now. I think the high gas prices are pushing up demand for the close in locations.

Not much inventory coming online in either area. Meaningful price reductions are triggering quick offers.

[pemeliza]

Support is being found for Del Cerro view homes.

The Yokohama house is finally pending:

http://www.sdlookup.com/MLS-080039492-5838_Yokohama_San_Diego_Ca_92120

And another just went pending this morning

http://www.sdlookup.com/MLS-086002276-6230_Del_Paso_Ave_San_Diego_CA_92120

I for one have pretty much given up on finding a good deal in Del Cerro or Mt Helix for now. I think the high gas prices are pushing up demand for the close in locations.

Not much inventory coming online in either area. Meaningful price reductions are triggering quick offers.

[pemeliza]

Looks like 6486 Dwane Ave is finally pending:

http://www.sdlookup.com/MLS-076080109-6486_Dwane_Ave_San_Diego_CA_92120

This was certainly the nicest house of the 3 on Dwane.

The market is certainly better than what it was a few months ago … when this mini burst of activity will end is anyones guess but I don’t think it will last through the summer.

[pemeliza]

Looks like 6486 Dwane Ave is finally pending:

http://www.sdlookup.com/MLS-076080109-6486_Dwane_Ave_San_Diego_CA_92120

This was certainly the nicest house of the 3 on Dwane.

The market is certainly better than what it was a few months ago … when this mini burst of activity will end is anyones guess but I don’t think it will last through the summer.

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