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San Diego Native
ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
San Diego Native
ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
San Diego Native
ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
San Diego Native
ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
San Diego Native
ParticipantWe own a couple of rental homes in Del Mar (purchased waaaay before the boom, with no HELOC’s) and get “all-cash” offers on them every few months from people who know they are rentals, and ask if we might want to sell, so I really don’t see the area crashing anytime soon–but you never know!! I do know, it’s a great place to be a landlord.
San Diego Native
ParticipantWe own a couple of rental homes in Del Mar (purchased waaaay before the boom, with no HELOC’s) and get “all-cash” offers on them every few months from people who know they are rentals, and ask if we might want to sell, so I really don’t see the area crashing anytime soon–but you never know!! I do know, it’s a great place to be a landlord.
San Diego Native
ParticipantWe own a couple of rental homes in Del Mar (purchased waaaay before the boom, with no HELOC’s) and get “all-cash” offers on them every few months from people who know they are rentals, and ask if we might want to sell, so I really don’t see the area crashing anytime soon–but you never know!! I do know, it’s a great place to be a landlord.
San Diego Native
ParticipantWe own a couple of rental homes in Del Mar (purchased waaaay before the boom, with no HELOC’s) and get “all-cash” offers on them every few months from people who know they are rentals, and ask if we might want to sell, so I really don’t see the area crashing anytime soon–but you never know!! I do know, it’s a great place to be a landlord.
San Diego Native
ParticipantWe own a couple of rental homes in Del Mar (purchased waaaay before the boom, with no HELOC’s) and get “all-cash” offers on them every few months from people who know they are rentals, and ask if we might want to sell, so I really don’t see the area crashing anytime soon–but you never know!! I do know, it’s a great place to be a landlord.
San Diego Native
ParticipantI’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.
Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.
My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.
San Diego Native
ParticipantI’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.
Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.
My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.
San Diego Native
ParticipantI’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.
Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.
My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.
San Diego Native
ParticipantI’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.
Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.
My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.
San Diego Native
ParticipantI’m sure some of the well-qualified real estate professionals on this forum can better answer your question, but I just wanted to respond based on what I’m currently seeing in those markets.
Several family members and friends live in Mission Hills, Point Loma and Sunset Cliffs, and, especially recently, they have seen properties around them selling for above asking prices. There seems to be a renewed interest in the area of late.
My Mom has a neighbor in Sunset Cliffs who is a Patent Attorney, and he spent a million for the property, tore it down, and is now spending another 2MM to rebuild. Same story across the street from her with an insurance executive.
(My parents paid $70K for their house in ’78, so go figure)As in all areas of San Diego, there will be deals, but my suggestion would be to start working with a reputable realtor to help you find the gem you are looking for at the price you wish to pay.
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