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sdcellar
Participant20 grand below the low end of a range means almost nothing. Houses are mispriced all the time. You admit this one was, but I *guess* you think it was only off by about 2%.
I hear what you’re saying about the specific market timeframes, but you also mentioned in this same thread that there were plenty of examples to counter this one. You would have let me buy it?
I mean, I know these 70’s era places are pretty rare, but couldn’t I find anything better/cheaper even out of the reduced inventory of 164 homes in the area? I know your job isn’t to help your buyers exercise even a modicum of patience, but to guide them to buy this during what is (very likely) a fairly contained mini-rally? Again, you can’t stop anybody, but you could help them find something better.
Reading this, I realize that last bit is a little harsh and I am certain you know 92024 orders of magnitude better than I do, so maybe that is the best someone could do if they just have to buy now…
Participant20 grand below the low end of a range means almost nothing. Houses are mispriced all the time. You admit this one was, but I *guess* you think it was only off by about 2%.
I hear what you’re saying about the specific market timeframes, but you also mentioned in this same thread that there were plenty of examples to counter this one. You would have let me buy it?
I mean, I know these 70’s era places are pretty rare, but couldn’t I find anything better/cheaper even out of the reduced inventory of 164 homes in the area? I know your job isn’t to help your buyers exercise even a modicum of patience, but to guide them to buy this during what is (very likely) a fairly contained mini-rally? Again, you can’t stop anybody, but you could help them find something better.
Reading this, I realize that last bit is a little harsh and I am certain you know 92024 orders of magnitude better than I do, so maybe that is the best someone could do if they just have to buy now…
ParticipantI never said that you stated anything about superior properties, just that they’ve been discussed repeatedly.
That said, you acknowledge that and the sentiment you describe is actually much more in line with what’s been discussed than what I stated (fare better vs. more immune).
Beyond that, we clearly have differences of opinion with regard to what a superior property is. And that’s okay, I can see what you mean and I understand what I mean. For me, I’m not thinking superior properties at each price level, rather I’m thinking houses that stand out among most homes in general. Being one of the nicest houses in a given area doesn’t make it superior. Again, this is just how I think of “superior” (vs. best in class or somesuch).
I think it’s pretty well understood that the cleanest properties of a given type will fare the best and that’s in any market, right?
That said, what got better about this house, area, schools, etc. in less than a year’s time. I stand by my statement that the buyer was poorly represented. That is, it’s nothing special and he paid more than he had to. Just that simple. Now, maybe it was improved in some way, but nobody so far as chimed in with anything on that.
As far as the powerlines are concerned, I think we agree almost exactly as to why you and I don’t like them. Maybe I’m foolish, but it’s mostly esthetics for me as well.
On this house, the lines on that easement look large and I’m (only) guessing that I can still see them pretty well from this house. I don’t like that and since I don’t, I’ll bet I can get just as nice a place where I don’t have to look at them.
I’m positve it’s not as bad as this, but consider Carmel Valley around E. Ocean Aire. It looks like the entire power grid for Southern California is in the middle of that and you can see it from almost everywhere. To me (and maybe just me), that hurts the value of pretty much every home in that area.
ParticipantI never said that you stated anything about superior properties, just that they’ve been discussed repeatedly.
That said, you acknowledge that and the sentiment you describe is actually much more in line with what’s been discussed than what I stated (fare better vs. more immune).
Beyond that, we clearly have differences of opinion with regard to what a superior property is. And that’s okay, I can see what you mean and I understand what I mean. For me, I’m not thinking superior properties at each price level, rather I’m thinking houses that stand out among most homes in general. Being one of the nicest houses in a given area doesn’t make it superior. Again, this is just how I think of “superior” (vs. best in class or somesuch).
I think it’s pretty well understood that the cleanest properties of a given type will fare the best and that’s in any market, right?
That said, what got better about this house, area, schools, etc. in less than a year’s time. I stand by my statement that the buyer was poorly represented. That is, it’s nothing special and he paid more than he had to. Just that simple. Now, maybe it was improved in some way, but nobody so far as chimed in with anything on that.
As far as the powerlines are concerned, I think we agree almost exactly as to why you and I don’t like them. Maybe I’m foolish, but it’s mostly esthetics for me as well.
On this house, the lines on that easement look large and I’m (only) guessing that I can still see them pretty well from this house. I don’t like that and since I don’t, I’ll bet I can get just as nice a place where I don’t have to look at them.
I’m positve it’s not as bad as this, but consider Carmel Valley around E. Ocean Aire. It looks like the entire power grid for Southern California is in the middle of that and you can see it from almost everywhere. To me (and maybe just me), that hurts the value of pretty much every home in that area.
ParticipantBefore it was “The Murph”, it was plain old San Diego Stadium.
How about the traffic lights on highway 15 (and I’m not talking about the stretch that was 40th Street)?
Albertos. I know we had to hit the one in Kearny Mesa.
How about Picnic ‘n Chicken? Wasn’t that a San Diego chain?
ParticipantBefore it was “The Murph”, it was plain old San Diego Stadium.
How about the traffic lights on highway 15 (and I’m not talking about the stretch that was 40th Street)?
Albertos. I know we had to hit the one in Kearny Mesa.
How about Picnic ‘n Chicken? Wasn’t that a San Diego chain?
Participantsdrealtor–
A little. A little. No. No. Yes.You’re the one who said it was a superior property, but now you’re backing off. Perhaps by superior, you just meant better than the also middle of the road house down the street. Nice clean modest house maybe, but clearly it ain’t superior.
I’d like to let you off the hook and chalk it up to semantics, but you know folks have been suggesting that “superior” (specifically) homes may be more immune to price drops.
Hey, if I was really interested in a 1970’s home that certainly seems close to a busy street and some not insignificant power lines, I’d drive through the area, learn about the exact schools my children would attend, walk through the home, get the fees (super easy), and check out the immediate area a little more closely, but I’m not.
I suggested the guy who bought it was poorly represented. What do you think?
And I’m the one who copped to the space view in the first place and I’d counter that it’s pretty amazing how much I can do from right where I’m sitting now. I can certainly do as much evaluation as I need to for the houses I *know* I’m not interested in.
Participantsdrealtor–
A little. A little. No. No. Yes.You’re the one who said it was a superior property, but now you’re backing off. Perhaps by superior, you just meant better than the also middle of the road house down the street. Nice clean modest house maybe, but clearly it ain’t superior.
I’d like to let you off the hook and chalk it up to semantics, but you know folks have been suggesting that “superior” (specifically) homes may be more immune to price drops.
Hey, if I was really interested in a 1970’s home that certainly seems close to a busy street and some not insignificant power lines, I’d drive through the area, learn about the exact schools my children would attend, walk through the home, get the fees (super easy), and check out the immediate area a little more closely, but I’m not.
I suggested the guy who bought it was poorly represented. What do you think?
And I’m the one who copped to the space view in the first place and I’d counter that it’s pretty amazing how much I can do from right where I’m sitting now. I can certainly do as much evaluation as I need to for the houses I *know* I’m not interested in.
Participantsdrealtor– Don’t see how you can call this a superior property being so close to those power lines. It may not be directly under them but from the satellite view they look plenty big and still very close.
Participantsdrealtor– Don’t see how you can call this a superior property being so close to those power lines. It may not be directly under them but from the satellite view they look plenty big and still very close.
ParticipantNear as I can tell from looking at the property is that it looks to be one and a half houses. That’s half of what it sounds like you have now. I’ll grant you the large lot, but unless somebody’s idea of the high life is living in a tent, I’m not sure how this place is going to work for what sounds like three families. That would be my biggest concern if I were you.
Granted you’ve seen it and I haven’t, so I may be missing something, but I’d also consider what_a_disasta’s comment on buying as a collective. And not to mention that $425K nets you $1,750 a month before taxes pretty easily.
And yeah, finally, take the advice of the others who’ve posted and don’t worry one bit about getting a sale for your agent. He works for you and the purchase has to make sense to you (and your group) both financially and with regard to quality of life. You’ll be living with your decision for a long time.
ParticipantNear as I can tell from looking at the property is that it looks to be one and a half houses. That’s half of what it sounds like you have now. I’ll grant you the large lot, but unless somebody’s idea of the high life is living in a tent, I’m not sure how this place is going to work for what sounds like three families. That would be my biggest concern if I were you.
Granted you’ve seen it and I haven’t, so I may be missing something, but I’d also consider what_a_disasta’s comment on buying as a collective. And not to mention that $425K nets you $1,750 a month before taxes pretty easily.
And yeah, finally, take the advice of the others who’ve posted and don’t worry one bit about getting a sale for your agent. He works for you and the purchase has to make sense to you (and your group) both financially and with regard to quality of life. You’ll be living with your decision for a long time.
ParticipantI knew you’d come back with that radelow and you’re exactly right.
I mentioned this in another thread. The idea of getting post-bubble prices today is mostly a fantasy.
ParticipantI knew you’d come back with that radelow and you’re exactly right.
I mentioned this in another thread. The idea of getting post-bubble prices today is mostly a fantasy.
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