[SanDiegoDave]

Texas isn’t the greatest comparison – overall – because they have not state income tax. Wisconsin would be a better one. They have a hefty income tax, and 4%+ property tax (varies by municipality).

[SanDiegoDave]

Texas isn’t the greatest comparison – overall – because they have not state income tax. Wisconsin would be a better one. They have a hefty income tax, and 4%+ property tax (varies by municipality).

[SanDiegoDave]

For those opposed to Prop 13, I would submit that you haven’t had to live through and experience unrestricted property tax situations like they have in other states.

In Milwaukee, for example, everybody’s property is re-assessed Every. Single. Year. Same with Texas. Just ask someone in the Houston area how much they pay in property taxes. How would you like to pay 5-7 times what you’re now paying in property taxes – no matter how long you lived there?

That’s what happens without a Prop 13 style restriction in place. Don’t like that your neighbor pays less? Tough. I be you won’t be complaining 30 years from now when you’re paying way LESS than the neighbor on the other side 😉

[SanDiegoDave]

For those opposed to Prop 13, I would submit that you haven’t had to live through and experience unrestricted property tax situations like they have in other states.

In Milwaukee, for example, everybody’s property is re-assessed Every. Single. Year. Same with Texas. Just ask someone in the Houston area how much they pay in property taxes. How would you like to pay 5-7 times what you’re now paying in property taxes – no matter how long you lived there?

That’s what happens without a Prop 13 style restriction in place. Don’t like that your neighbor pays less? Tough. I be you won’t be complaining 30 years from now when you’re paying way LESS than the neighbor on the other side 😉

[SanDiegoDave]

Here is a Portico that was purchased in 2005 for about $800k:
http://www.sdlookup.com/MLS-076046550-13517_Pacific_Highlands_Ranch_San_Diego_CA_92130

Now they’re asking $750. If the “brand new” ones are asking “only” $600k I think they’re still too much (and it’s never 600k – they’ll kill you on so-called “upgrades” like floors and counter tops).

If you don’t mind waiting in a traffic jam every weekday morning & evening to get on/off the 56, then Pacific Highlands Ranch is a good location.

But for that price you can find something elsewhere with better freeway access (although, not in Carmel Valley).

[SanDiegoDave]

Here is a Portico that was purchased in 2005 for about $800k:
http://www.sdlookup.com/MLS-076046550-13517_Pacific_Highlands_Ranch_San_Diego_CA_92130

Now they’re asking $750. If the “brand new” ones are asking “only” $600k I think they’re still too much (and it’s never 600k – they’ll kill you on so-called “upgrades” like floors and counter tops).

If you don’t mind waiting in a traffic jam every weekday morning & evening to get on/off the 56, then Pacific Highlands Ranch is a good location.

But for that price you can find something elsewhere with better freeway access (although, not in Carmel Valley).

[SanDiegoDave]

Amazingly to me, CV is still going fairly strong. In my submarket (Encinitas/South Carlsbad) things got noticeably slower the last few weeks.

Tell me about it. We have been looking to Carmel Valley as where we want to move (from UTC). Prices are not tanking like they are in places further east like 4Closure Ranch and Scripps Ranch.

Actually, I was curious so I ask why they moved in. Most cited the school district.

Our biggest reason is location – quick access to the 5 and 805 are extremely nice to have. We love to eat out downtown on the weekends, go to Padres games, and we both do enough travel that quick proximity to the airport is important as well. Schools are “somewhat” of a draw, but we’re a few years away from even having kid – and he/she won’t even be entering the school system for another 5 years beyond that.

But combining those two elements: schools and location, it’s hard to see CV prices dropping in the manner that other ostensibly upper-middle-class areas have.

My dislikes about CV houses are that they all have at least one “weird” thing about them. In one place it will be the prison cell 8×10 bedrooms; in another it will be vast unused open indoor space; in another it will be the nightmare of a swimming pool (we’re totally opposed to buying a place with a pool).

Fortunately, we’re in no rush. So if there IS going to be a more pronounced price decline, we can wait it out.

[SanDiegoDave]

Amazingly to me, CV is still going fairly strong. In my submarket (Encinitas/South Carlsbad) things got noticeably slower the last few weeks.

Tell me about it. We have been looking to Carmel Valley as where we want to move (from UTC). Prices are not tanking like they are in places further east like 4Closure Ranch and Scripps Ranch.

Actually, I was curious so I ask why they moved in. Most cited the school district.

Our biggest reason is location – quick access to the 5 and 805 are extremely nice to have. We love to eat out downtown on the weekends, go to Padres games, and we both do enough travel that quick proximity to the airport is important as well. Schools are “somewhat” of a draw, but we’re a few years away from even having kid – and he/she won’t even be entering the school system for another 5 years beyond that.

But combining those two elements: schools and location, it’s hard to see CV prices dropping in the manner that other ostensibly upper-middle-class areas have.

My dislikes about CV houses are that they all have at least one “weird” thing about them. In one place it will be the prison cell 8×10 bedrooms; in another it will be vast unused open indoor space; in another it will be the nightmare of a swimming pool (we’re totally opposed to buying a place with a pool).

Fortunately, we’re in no rush. So if there IS going to be a more pronounced price decline, we can wait it out.

[Author]

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