[SD Realtor]

futureprez there are some short sales and even an REO here and there in 4S. I agree with you it is an overpriced area. However you will need extraordinary patience to get another 25% out of the pricing…The demand is still strong for 4S but I don’t see any superpower immunity for 4S. I do put 4S in the category of one of the somewhat desireable areas due to good schools and new housing stock. There are PLENTY of two income engineer/biotech families who love 4S and can afford it even at todays pricing.

I will be updating the 4S distress monitor next week and we will see if there are any new distress opportunities there.

Be patient, wait a a year or a few years. It will come to you.

SD Realtor

[SD Realtor]

futureprez there are some short sales and even an REO here and there in 4S. I agree with you it is an overpriced area. However you will need extraordinary patience to get another 25% out of the pricing…The demand is still strong for 4S but I don’t see any superpower immunity for 4S. I do put 4S in the category of one of the somewhat desireable areas due to good schools and new housing stock. There are PLENTY of two income engineer/biotech families who love 4S and can afford it even at todays pricing.

I will be updating the 4S distress monitor next week and we will see if there are any new distress opportunities there.

Be patient, wait a a year or a few years. It will come to you.

SD Realtor

[SD Realtor]

futureprez there are some short sales and even an REO here and there in 4S. I agree with you it is an overpriced area. However you will need extraordinary patience to get another 25% out of the pricing…The demand is still strong for 4S but I don’t see any superpower immunity for 4S. I do put 4S in the category of one of the somewhat desireable areas due to good schools and new housing stock. There are PLENTY of two income engineer/biotech families who love 4S and can afford it even at todays pricing.

I will be updating the 4S distress monitor next week and we will see if there are any new distress opportunities there.

Be patient, wait a a year or a few years. It will come to you.

SD Realtor

[SD Realtor]

futureprez there are some short sales and even an REO here and there in 4S. I agree with you it is an overpriced area. However you will need extraordinary patience to get another 25% out of the pricing…The demand is still strong for 4S but I don’t see any superpower immunity for 4S. I do put 4S in the category of one of the somewhat desireable areas due to good schools and new housing stock. There are PLENTY of two income engineer/biotech families who love 4S and can afford it even at todays pricing.

I will be updating the 4S distress monitor next week and we will see if there are any new distress opportunities there.

Be patient, wait a a year or a few years. It will come to you.

SD Realtor

[SD Realtor]

I see what you are getting at. I do not see any of that changing much. Transaction costs are your choice to participate in or not. You don’t need to be represented as a buyer and if you are a seller you can FSBO a home. Nobody is twisting your arm. Closing costs for the buyers side are dominated by financing.

Actually I disagree with the statement about transaction costs will lead to only quality realtors staying in the profession. I think quite the opposite will happen. I consider myself top notch, yet even at the steeped discount I give buyers and low commissions for sellers, if I didn’t have an engineering profession it would be highly speculative whether I would stay in this one.

It just is not worth it.

I am not saying there is alot of slop in the industry because that is a true statment. However alot of the fat has been trimmed and will continue to do so. Similarly friends and families of realtors will continue to work with those same realtors because that is the way it was, the way it is, and how it will always be.

Actually any John Q public can get county records on any home they want, including how many mortgages have been on that home, etc… There is plenty out there but it is a royal pain to get at it. Also what is not made public is credits made for repairs or any other sellers concessions.

Note that all of these shortcomings also apply to new housing bought.

I take a blind eye to all stats in any newspaper and mag. I keep it contained to the nieghborhood I am interested in and focus on that area. I sincerely doubt that any dramatic changes in the way transaction costs are levied will change pricing of real estate in any substantial manner. Yes I will be the first one to agree the model stinks right now but you are empowered to not have to participate in it while finding yourself a home or selling a home.

SD Realtor

[SD Realtor]

I see what you are getting at. I do not see any of that changing much. Transaction costs are your choice to participate in or not. You don’t need to be represented as a buyer and if you are a seller you can FSBO a home. Nobody is twisting your arm. Closing costs for the buyers side are dominated by financing.

Actually I disagree with the statement about transaction costs will lead to only quality realtors staying in the profession. I think quite the opposite will happen. I consider myself top notch, yet even at the steeped discount I give buyers and low commissions for sellers, if I didn’t have an engineering profession it would be highly speculative whether I would stay in this one.

It just is not worth it.

I am not saying there is alot of slop in the industry because that is a true statment. However alot of the fat has been trimmed and will continue to do so. Similarly friends and families of realtors will continue to work with those same realtors because that is the way it was, the way it is, and how it will always be.

Actually any John Q public can get county records on any home they want, including how many mortgages have been on that home, etc… There is plenty out there but it is a royal pain to get at it. Also what is not made public is credits made for repairs or any other sellers concessions.

Note that all of these shortcomings also apply to new housing bought.

I take a blind eye to all stats in any newspaper and mag. I keep it contained to the nieghborhood I am interested in and focus on that area. I sincerely doubt that any dramatic changes in the way transaction costs are levied will change pricing of real estate in any substantial manner. Yes I will be the first one to agree the model stinks right now but you are empowered to not have to participate in it while finding yourself a home or selling a home.

SD Realtor

[SD Realtor]

I see what you are getting at. I do not see any of that changing much. Transaction costs are your choice to participate in or not. You don’t need to be represented as a buyer and if you are a seller you can FSBO a home. Nobody is twisting your arm. Closing costs for the buyers side are dominated by financing.

Actually I disagree with the statement about transaction costs will lead to only quality realtors staying in the profession. I think quite the opposite will happen. I consider myself top notch, yet even at the steeped discount I give buyers and low commissions for sellers, if I didn’t have an engineering profession it would be highly speculative whether I would stay in this one.

It just is not worth it.

I am not saying there is alot of slop in the industry because that is a true statment. However alot of the fat has been trimmed and will continue to do so. Similarly friends and families of realtors will continue to work with those same realtors because that is the way it was, the way it is, and how it will always be.

Actually any John Q public can get county records on any home they want, including how many mortgages have been on that home, etc… There is plenty out there but it is a royal pain to get at it. Also what is not made public is credits made for repairs or any other sellers concessions.

Note that all of these shortcomings also apply to new housing bought.

I take a blind eye to all stats in any newspaper and mag. I keep it contained to the nieghborhood I am interested in and focus on that area. I sincerely doubt that any dramatic changes in the way transaction costs are levied will change pricing of real estate in any substantial manner. Yes I will be the first one to agree the model stinks right now but you are empowered to not have to participate in it while finding yourself a home or selling a home.

SD Realtor

[SD Realtor]

I see what you are getting at. I do not see any of that changing much. Transaction costs are your choice to participate in or not. You don’t need to be represented as a buyer and if you are a seller you can FSBO a home. Nobody is twisting your arm. Closing costs for the buyers side are dominated by financing.

Actually I disagree with the statement about transaction costs will lead to only quality realtors staying in the profession. I think quite the opposite will happen. I consider myself top notch, yet even at the steeped discount I give buyers and low commissions for sellers, if I didn’t have an engineering profession it would be highly speculative whether I would stay in this one.

It just is not worth it.

I am not saying there is alot of slop in the industry because that is a true statment. However alot of the fat has been trimmed and will continue to do so. Similarly friends and families of realtors will continue to work with those same realtors because that is the way it was, the way it is, and how it will always be.

Actually any John Q public can get county records on any home they want, including how many mortgages have been on that home, etc… There is plenty out there but it is a royal pain to get at it. Also what is not made public is credits made for repairs or any other sellers concessions.

Note that all of these shortcomings also apply to new housing bought.

I take a blind eye to all stats in any newspaper and mag. I keep it contained to the nieghborhood I am interested in and focus on that area. I sincerely doubt that any dramatic changes in the way transaction costs are levied will change pricing of real estate in any substantial manner. Yes I will be the first one to agree the model stinks right now but you are empowered to not have to participate in it while finding yourself a home or selling a home.

SD Realtor

[SD Realtor]

I see what you are getting at. I do not see any of that changing much. Transaction costs are your choice to participate in or not. You don’t need to be represented as a buyer and if you are a seller you can FSBO a home. Nobody is twisting your arm. Closing costs for the buyers side are dominated by financing.

Actually I disagree with the statement about transaction costs will lead to only quality realtors staying in the profession. I think quite the opposite will happen. I consider myself top notch, yet even at the steeped discount I give buyers and low commissions for sellers, if I didn’t have an engineering profession it would be highly speculative whether I would stay in this one.

It just is not worth it.

I am not saying there is alot of slop in the industry because that is a true statment. However alot of the fat has been trimmed and will continue to do so. Similarly friends and families of realtors will continue to work with those same realtors because that is the way it was, the way it is, and how it will always be.

Actually any John Q public can get county records on any home they want, including how many mortgages have been on that home, etc… There is plenty out there but it is a royal pain to get at it. Also what is not made public is credits made for repairs or any other sellers concessions.

Note that all of these shortcomings also apply to new housing bought.

I take a blind eye to all stats in any newspaper and mag. I keep it contained to the nieghborhood I am interested in and focus on that area. I sincerely doubt that any dramatic changes in the way transaction costs are levied will change pricing of real estate in any substantial manner. Yes I will be the first one to agree the model stinks right now but you are empowered to not have to participate in it while finding yourself a home or selling a home.

SD Realtor

[SD Realtor]

It is somewhat fluid. Yes it is considered Sorrento Valley however over the past few years there was substantial development to the north of UTC so alot of traffic goes there now as well. Even all the biotech on North TP road “maybe” considered. For instance my engineering firm is at the Tech Center which is Mira Mesa exit off of 805. Smack in the middle of GT.

Again, I think you will find both areas have many good qualities to them. Also I tend to think if your commute is downtown CV is less of a commute.

SD Realtor

[SD Realtor]

It is somewhat fluid. Yes it is considered Sorrento Valley however over the past few years there was substantial development to the north of UTC so alot of traffic goes there now as well. Even all the biotech on North TP road “maybe” considered. For instance my engineering firm is at the Tech Center which is Mira Mesa exit off of 805. Smack in the middle of GT.

Again, I think you will find both areas have many good qualities to them. Also I tend to think if your commute is downtown CV is less of a commute.

SD Realtor

[SD Realtor]

It is somewhat fluid. Yes it is considered Sorrento Valley however over the past few years there was substantial development to the north of UTC so alot of traffic goes there now as well. Even all the biotech on North TP road “maybe” considered. For instance my engineering firm is at the Tech Center which is Mira Mesa exit off of 805. Smack in the middle of GT.

Again, I think you will find both areas have many good qualities to them. Also I tend to think if your commute is downtown CV is less of a commute.

SD Realtor

[SD Realtor]

It is somewhat fluid. Yes it is considered Sorrento Valley however over the past few years there was substantial development to the north of UTC so alot of traffic goes there now as well. Even all the biotech on North TP road “maybe” considered. For instance my engineering firm is at the Tech Center which is Mira Mesa exit off of 805. Smack in the middle of GT.

Again, I think you will find both areas have many good qualities to them. Also I tend to think if your commute is downtown CV is less of a commute.

SD Realtor

[SD Realtor]

It is somewhat fluid. Yes it is considered Sorrento Valley however over the past few years there was substantial development to the north of UTC so alot of traffic goes there now as well. Even all the biotech on North TP road “maybe” considered. For instance my engineering firm is at the Tech Center which is Mira Mesa exit off of 805. Smack in the middle of GT.

Again, I think you will find both areas have many good qualities to them. Also I tend to think if your commute is downtown CV is less of a commute.

SD Realtor

[SD Realtor]

Hi Murf

Well, the answer to your question is unique for each person. What I would feel comfortable paying is based on my on budget. We are making an offer that would result in a housing payment that would be equivalent to our current rent after you run through the entire year. That would include paying property taxes, homeowners insurance, etc but then getting a refund back. The loss point of view is the interest on the CDs where the cash is currently located.

So suffice it to say that in order to get what I want we will carry a single 417k loan and pay for the rest of the home in cash.

I do project a pretty healthy depreciation on the price of the property but such is life. We will be there at least 18 years and I doubt they will take the offer anyway so it is an appeasement offer more then anything else.

In terms of type of property you pegged it, I want a large lot and neither my wife or myself are fans of new housing, nor will we pay Mello Roos. We also want a cul de sac, we don’t want the back of the home to be against power lines or a busy street…. We would ideally like something with wider easements so your neighbor is not looking into your yard or home. So basically if we can find something in good condition like that in a decent school district we will be okay with it.

Anyways, sorry if that is vague.. Basically our limit is the high 600’s or maybe 700 flat.

SD Realtor

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