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June 27, 2010 at 11:22 AM in reply to: is the new Smart Move to BUY a home for strategic default? #573104
Ricechex
Participant[quote=jpinpb][quote=Ricechex]My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?[/quote]
That is a good point. The bad areas that got “revitalized” may revert as the economy deteriorates. But also, the next cycle of boom (whenever that’ll be) will also see the area improve again, imo.
92102, 92106 and 92116 all have their good parts and bad parts. Some streets are good, particularly the canyon ones. Some streets are bad. You can tell just driving them. Bars on the windows are a good sign.
I’m just blown away that the area south of ECB between the 805 and 15 is commanding so much money. People are flipping in that ghetto neighborhood that though is 92104, is really City Heights. Probably to some unsuspecting folks starting out thinking they will be able to move up and out later.[/quote]
You are completely right about City Heights. In 2001 I got in a panic over housing prices. My friend and I bought a SFR in City Heights. For a rental, as I was already living in a great rental house (still am…but always feared/fear that I will get the boot when the landlady dies…) The area was “upcoming.” Price Charities had big involvement in the area, there was a new Albertsons, even a Starbucks! Remodeled police station, new library, etc. etc. It was going to be all the rage. Lots of condo conversions, so there were actually owners moving into the neighborhood.
Well, I can tell you now, unless I was completely desperate would I move in to the house we own. The area came up a little. Just a little. That Albertsons….OMG….it is an urban jungle, kids running amock, people stealing steaks with workers running after them. You can pave the streets with gold, but it makes no difference.
Some streets are very nice, and you will pay for them. Normal Heights and the Mountain View streets are good. In Northpark, Pershing, Granada, Texas, Mississippi, south of Univ and near Morley Field have ALWAYS been good streets. Burlingame is very nice, but out of the price range. In Golden Hill, I like Edgemont Street and surrounding streets.
If you do buy in North Park, do not get anything remotely near any of the bars/restaurants. Otherwise, you will have no street parking, and have crazy noisy patrons urinating on your front lawn, and making chaos.
I think the area between 805 and 15 is called the “wine glass” area due to its shape. My GF lives on Swift (a very bad street) and walks her dog around that neighborhood a lot. She constantly sees aggressive dogs, stray dogs, aggressive neighbors, stray neighbors, police, helicopters (ghetto birds)…etc. The city publishes a crime report monthly, there are many break ins. Shelling out $2500 a month to live with all that crap just does not make sense to me. Better to live with the crap and rent for a lot cheaper!
If I were buying I would check out the San Carlos in the east, Rolando area, and Clairemont. Bigger lots, and more stable neighborhoods over time.
Participant[quote=jpinpb][quote=Ricechex]My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?[/quote]
That is a good point. The bad areas that got “revitalized” may revert as the economy deteriorates. But also, the next cycle of boom (whenever that’ll be) will also see the area improve again, imo.
92102, 92106 and 92116 all have their good parts and bad parts. Some streets are good, particularly the canyon ones. Some streets are bad. You can tell just driving them. Bars on the windows are a good sign.
I’m just blown away that the area south of ECB between the 805 and 15 is commanding so much money. People are flipping in that ghetto neighborhood that though is 92104, is really City Heights. Probably to some unsuspecting folks starting out thinking they will be able to move up and out later.[/quote]
You are completely right about City Heights. In 2001 I got in a panic over housing prices. My friend and I bought a SFR in City Heights. For a rental, as I was already living in a great rental house (still am…but always feared/fear that I will get the boot when the landlady dies…) The area was “upcoming.” Price Charities had big involvement in the area, there was a new Albertsons, even a Starbucks! Remodeled police station, new library, etc. etc. It was going to be all the rage. Lots of condo conversions, so there were actually owners moving into the neighborhood.
Well, I can tell you now, unless I was completely desperate would I move in to the house we own. The area came up a little. Just a little. That Albertsons….OMG….it is an urban jungle, kids running amock, people stealing steaks with workers running after them. You can pave the streets with gold, but it makes no difference.
Some streets are very nice, and you will pay for them. Normal Heights and the Mountain View streets are good. In Northpark, Pershing, Granada, Texas, Mississippi, south of Univ and near Morley Field have ALWAYS been good streets. Burlingame is very nice, but out of the price range. In Golden Hill, I like Edgemont Street and surrounding streets.
If you do buy in North Park, do not get anything remotely near any of the bars/restaurants. Otherwise, you will have no street parking, and have crazy noisy patrons urinating on your front lawn, and making chaos.
I think the area between 805 and 15 is called the “wine glass” area due to its shape. My GF lives on Swift (a very bad street) and walks her dog around that neighborhood a lot. She constantly sees aggressive dogs, stray dogs, aggressive neighbors, stray neighbors, police, helicopters (ghetto birds)…etc. The city publishes a crime report monthly, there are many break ins. Shelling out $2500 a month to live with all that crap just does not make sense to me. Better to live with the crap and rent for a lot cheaper!
If I were buying I would check out the San Carlos in the east, Rolando area, and Clairemont. Bigger lots, and more stable neighborhoods over time.
Participant[quote=jpinpb][quote=Ricechex]My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?[/quote]
That is a good point. The bad areas that got “revitalized” may revert as the economy deteriorates. But also, the next cycle of boom (whenever that’ll be) will also see the area improve again, imo.
92102, 92106 and 92116 all have their good parts and bad parts. Some streets are good, particularly the canyon ones. Some streets are bad. You can tell just driving them. Bars on the windows are a good sign.
I’m just blown away that the area south of ECB between the 805 and 15 is commanding so much money. People are flipping in that ghetto neighborhood that though is 92104, is really City Heights. Probably to some unsuspecting folks starting out thinking they will be able to move up and out later.[/quote]
You are completely right about City Heights. In 2001 I got in a panic over housing prices. My friend and I bought a SFR in City Heights. For a rental, as I was already living in a great rental house (still am…but always feared/fear that I will get the boot when the landlady dies…) The area was “upcoming.” Price Charities had big involvement in the area, there was a new Albertsons, even a Starbucks! Remodeled police station, new library, etc. etc. It was going to be all the rage. Lots of condo conversions, so there were actually owners moving into the neighborhood.
Well, I can tell you now, unless I was completely desperate would I move in to the house we own. The area came up a little. Just a little. That Albertsons….OMG….it is an urban jungle, kids running amock, people stealing steaks with workers running after them. You can pave the streets with gold, but it makes no difference.
Some streets are very nice, and you will pay for them. Normal Heights and the Mountain View streets are good. In Northpark, Pershing, Granada, Texas, Mississippi, south of Univ and near Morley Field have ALWAYS been good streets. Burlingame is very nice, but out of the price range. In Golden Hill, I like Edgemont Street and surrounding streets.
If you do buy in North Park, do not get anything remotely near any of the bars/restaurants. Otherwise, you will have no street parking, and have crazy noisy patrons urinating on your front lawn, and making chaos.
I think the area between 805 and 15 is called the “wine glass” area due to its shape. My GF lives on Swift (a very bad street) and walks her dog around that neighborhood a lot. She constantly sees aggressive dogs, stray dogs, aggressive neighbors, stray neighbors, police, helicopters (ghetto birds)…etc. The city publishes a crime report monthly, there are many break ins. Shelling out $2500 a month to live with all that crap just does not make sense to me. Better to live with the crap and rent for a lot cheaper!
If I were buying I would check out the San Carlos in the east, Rolando area, and Clairemont. Bigger lots, and more stable neighborhoods over time.
Participant[quote=jpinpb][quote=Ricechex]My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?[/quote]
That is a good point. The bad areas that got “revitalized” may revert as the economy deteriorates. But also, the next cycle of boom (whenever that’ll be) will also see the area improve again, imo.
92102, 92106 and 92116 all have their good parts and bad parts. Some streets are good, particularly the canyon ones. Some streets are bad. You can tell just driving them. Bars on the windows are a good sign.
I’m just blown away that the area south of ECB between the 805 and 15 is commanding so much money. People are flipping in that ghetto neighborhood that though is 92104, is really City Heights. Probably to some unsuspecting folks starting out thinking they will be able to move up and out later.[/quote]
You are completely right about City Heights. In 2001 I got in a panic over housing prices. My friend and I bought a SFR in City Heights. For a rental, as I was already living in a great rental house (still am…but always feared/fear that I will get the boot when the landlady dies…) The area was “upcoming.” Price Charities had big involvement in the area, there was a new Albertsons, even a Starbucks! Remodeled police station, new library, etc. etc. It was going to be all the rage. Lots of condo conversions, so there were actually owners moving into the neighborhood.
Well, I can tell you now, unless I was completely desperate would I move in to the house we own. The area came up a little. Just a little. That Albertsons….OMG….it is an urban jungle, kids running amock, people stealing steaks with workers running after them. You can pave the streets with gold, but it makes no difference.
Some streets are very nice, and you will pay for them. Normal Heights and the Mountain View streets are good. In Northpark, Pershing, Granada, Texas, Mississippi, south of Univ and near Morley Field have ALWAYS been good streets. Burlingame is very nice, but out of the price range. In Golden Hill, I like Edgemont Street and surrounding streets.
If you do buy in North Park, do not get anything remotely near any of the bars/restaurants. Otherwise, you will have no street parking, and have crazy noisy patrons urinating on your front lawn, and making chaos.
I think the area between 805 and 15 is called the “wine glass” area due to its shape. My GF lives on Swift (a very bad street) and walks her dog around that neighborhood a lot. She constantly sees aggressive dogs, stray dogs, aggressive neighbors, stray neighbors, police, helicopters (ghetto birds)…etc. The city publishes a crime report monthly, there are many break ins. Shelling out $2500 a month to live with all that crap just does not make sense to me. Better to live with the crap and rent for a lot cheaper!
If I were buying I would check out the San Carlos in the east, Rolando area, and Clairemont. Bigger lots, and more stable neighborhoods over time.
Participant[quote=jpinpb][quote=Ricechex]My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?[/quote]
That is a good point. The bad areas that got “revitalized” may revert as the economy deteriorates. But also, the next cycle of boom (whenever that’ll be) will also see the area improve again, imo.
92102, 92106 and 92116 all have their good parts and bad parts. Some streets are good, particularly the canyon ones. Some streets are bad. You can tell just driving them. Bars on the windows are a good sign.
I’m just blown away that the area south of ECB between the 805 and 15 is commanding so much money. People are flipping in that ghetto neighborhood that though is 92104, is really City Heights. Probably to some unsuspecting folks starting out thinking they will be able to move up and out later.[/quote]
You are completely right about City Heights. In 2001 I got in a panic over housing prices. My friend and I bought a SFR in City Heights. For a rental, as I was already living in a great rental house (still am…but always feared/fear that I will get the boot when the landlady dies…) The area was “upcoming.” Price Charities had big involvement in the area, there was a new Albertsons, even a Starbucks! Remodeled police station, new library, etc. etc. It was going to be all the rage. Lots of condo conversions, so there were actually owners moving into the neighborhood.
Well, I can tell you now, unless I was completely desperate would I move in to the house we own. The area came up a little. Just a little. That Albertsons….OMG….it is an urban jungle, kids running amock, people stealing steaks with workers running after them. You can pave the streets with gold, but it makes no difference.
Some streets are very nice, and you will pay for them. Normal Heights and the Mountain View streets are good. In Northpark, Pershing, Granada, Texas, Mississippi, south of Univ and near Morley Field have ALWAYS been good streets. Burlingame is very nice, but out of the price range. In Golden Hill, I like Edgemont Street and surrounding streets.
If you do buy in North Park, do not get anything remotely near any of the bars/restaurants. Otherwise, you will have no street parking, and have crazy noisy patrons urinating on your front lawn, and making chaos.
I think the area between 805 and 15 is called the “wine glass” area due to its shape. My GF lives on Swift (a very bad street) and walks her dog around that neighborhood a lot. She constantly sees aggressive dogs, stray dogs, aggressive neighbors, stray neighbors, police, helicopters (ghetto birds)…etc. The city publishes a crime report monthly, there are many break ins. Shelling out $2500 a month to live with all that crap just does not make sense to me. Better to live with the crap and rent for a lot cheaper!
If I were buying I would check out the San Carlos in the east, Rolando area, and Clairemont. Bigger lots, and more stable neighborhoods over time.
ParticipantHaving lived in North Park for 20 years, spent in various rentals, yes, the area has improved. I have had many friends also living in North Park, South Park, Golden Hill, Normal Heights, etc. There is quite a number of fru fru shi shi restaurants and it is not as ghetto as it once was. However, as the economy continues to tank, will people be able to afford these establishments?
BTW, back in the day, South Park was called Golden Hill, and the community renamed in South Park and jazzed it up. It still IS Golden Hill. Don’t be fooled by the those cute bicycle racks installed everywhere. Ever go to Alexanders on 30th? FABULOUS restaurant! Have dinner on the back patio and you can view the dumpy apartment behind it and its goings on. Alexanders is a NICE restaurant too.
I have lived in a rental for 10 years, on a fairly decent street, few apartments nearby. Just a few houses down, an elderly woman died, and the house was advertised for $399K, and it was in escrow in 2 weeks, closing at $415K. I wonder how the new owners will feel when they watch the skateboard man with his pit bull in tow, making his next drug deal? And, the cost vs rent, would still not pencil out. The house would easily rent for $1800, perhaps $2000, but with 20% down, the mortgage would be around $2500.
My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?
ParticipantHaving lived in North Park for 20 years, spent in various rentals, yes, the area has improved. I have had many friends also living in North Park, South Park, Golden Hill, Normal Heights, etc. There is quite a number of fru fru shi shi restaurants and it is not as ghetto as it once was. However, as the economy continues to tank, will people be able to afford these establishments?
BTW, back in the day, South Park was called Golden Hill, and the community renamed in South Park and jazzed it up. It still IS Golden Hill. Don’t be fooled by the those cute bicycle racks installed everywhere. Ever go to Alexanders on 30th? FABULOUS restaurant! Have dinner on the back patio and you can view the dumpy apartment behind it and its goings on. Alexanders is a NICE restaurant too.
I have lived in a rental for 10 years, on a fairly decent street, few apartments nearby. Just a few houses down, an elderly woman died, and the house was advertised for $399K, and it was in escrow in 2 weeks, closing at $415K. I wonder how the new owners will feel when they watch the skateboard man with his pit bull in tow, making his next drug deal? And, the cost vs rent, would still not pencil out. The house would easily rent for $1800, perhaps $2000, but with 20% down, the mortgage would be around $2500.
My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?
ParticipantHaving lived in North Park for 20 years, spent in various rentals, yes, the area has improved. I have had many friends also living in North Park, South Park, Golden Hill, Normal Heights, etc. There is quite a number of fru fru shi shi restaurants and it is not as ghetto as it once was. However, as the economy continues to tank, will people be able to afford these establishments?
BTW, back in the day, South Park was called Golden Hill, and the community renamed in South Park and jazzed it up. It still IS Golden Hill. Don’t be fooled by the those cute bicycle racks installed everywhere. Ever go to Alexanders on 30th? FABULOUS restaurant! Have dinner on the back patio and you can view the dumpy apartment behind it and its goings on. Alexanders is a NICE restaurant too.
I have lived in a rental for 10 years, on a fairly decent street, few apartments nearby. Just a few houses down, an elderly woman died, and the house was advertised for $399K, and it was in escrow in 2 weeks, closing at $415K. I wonder how the new owners will feel when they watch the skateboard man with his pit bull in tow, making his next drug deal? And, the cost vs rent, would still not pencil out. The house would easily rent for $1800, perhaps $2000, but with 20% down, the mortgage would be around $2500.
My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?
ParticipantHaving lived in North Park for 20 years, spent in various rentals, yes, the area has improved. I have had many friends also living in North Park, South Park, Golden Hill, Normal Heights, etc. There is quite a number of fru fru shi shi restaurants and it is not as ghetto as it once was. However, as the economy continues to tank, will people be able to afford these establishments?
BTW, back in the day, South Park was called Golden Hill, and the community renamed in South Park and jazzed it up. It still IS Golden Hill. Don’t be fooled by the those cute bicycle racks installed everywhere. Ever go to Alexanders on 30th? FABULOUS restaurant! Have dinner on the back patio and you can view the dumpy apartment behind it and its goings on. Alexanders is a NICE restaurant too.
I have lived in a rental for 10 years, on a fairly decent street, few apartments nearby. Just a few houses down, an elderly woman died, and the house was advertised for $399K, and it was in escrow in 2 weeks, closing at $415K. I wonder how the new owners will feel when they watch the skateboard man with his pit bull in tow, making his next drug deal? And, the cost vs rent, would still not pencil out. The house would easily rent for $1800, perhaps $2000, but with 20% down, the mortgage would be around $2500.
My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?
ParticipantHaving lived in North Park for 20 years, spent in various rentals, yes, the area has improved. I have had many friends also living in North Park, South Park, Golden Hill, Normal Heights, etc. There is quite a number of fru fru shi shi restaurants and it is not as ghetto as it once was. However, as the economy continues to tank, will people be able to afford these establishments?
BTW, back in the day, South Park was called Golden Hill, and the community renamed in South Park and jazzed it up. It still IS Golden Hill. Don’t be fooled by the those cute bicycle racks installed everywhere. Ever go to Alexanders on 30th? FABULOUS restaurant! Have dinner on the back patio and you can view the dumpy apartment behind it and its goings on. Alexanders is a NICE restaurant too.
I have lived in a rental for 10 years, on a fairly decent street, few apartments nearby. Just a few houses down, an elderly woman died, and the house was advertised for $399K, and it was in escrow in 2 weeks, closing at $415K. I wonder how the new owners will feel when they watch the skateboard man with his pit bull in tow, making his next drug deal? And, the cost vs rent, would still not pencil out. The house would easily rent for $1800, perhaps $2000, but with 20% down, the mortgage would be around $2500.
My gut feeling is that these areas are not going to stay “nice” for the next 20 years. It feels fun, eclectic, cool, green, fabulous, trendy to live here now….but what about later?
ParticipantSo far…here is what we tried today:
Toyota Avalon–he is still too tall and can’t see the stoplights.
Camry, Mazda6 (I have one) too small.
Honda Element–fit him well, very boxy, large interior, but seems a little cheap.
Toyota Scion–better price than the Element, also boxy and fit him, but again…just didn’t seem to be the right car.
Prius–he liked all the gadgets, but again too small.
His partner has a 2003 Grand Marquis, and he thinks maybe a new one of those might suit.
Will definitely check the Toyota Sienna.Like I said…he is a big guy!
ParticipantSo far…here is what we tried today:
Toyota Avalon–he is still too tall and can’t see the stoplights.
Camry, Mazda6 (I have one) too small.
Honda Element–fit him well, very boxy, large interior, but seems a little cheap.
Toyota Scion–better price than the Element, also boxy and fit him, but again…just didn’t seem to be the right car.
Prius–he liked all the gadgets, but again too small.
His partner has a 2003 Grand Marquis, and he thinks maybe a new one of those might suit.
Will definitely check the Toyota Sienna.Like I said…he is a big guy!
ParticipantSo far…here is what we tried today:
Toyota Avalon–he is still too tall and can’t see the stoplights.
Camry, Mazda6 (I have one) too small.
Honda Element–fit him well, very boxy, large interior, but seems a little cheap.
Toyota Scion–better price than the Element, also boxy and fit him, but again…just didn’t seem to be the right car.
Prius–he liked all the gadgets, but again too small.
His partner has a 2003 Grand Marquis, and he thinks maybe a new one of those might suit.
Will definitely check the Toyota Sienna.Like I said…he is a big guy!
ParticipantSo far…here is what we tried today:
Toyota Avalon–he is still too tall and can’t see the stoplights.
Camry, Mazda6 (I have one) too small.
Honda Element–fit him well, very boxy, large interior, but seems a little cheap.
Toyota Scion–better price than the Element, also boxy and fit him, but again…just didn’t seem to be the right car.
Prius–he liked all the gadgets, but again too small.
His partner has a 2003 Grand Marquis, and he thinks maybe a new one of those might suit.
Will definitely check the Toyota Sienna.Like I said…he is a big guy!
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