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sdduuuude
ParticipantIt isn’t even a very large chunk of usable land.
With a steep slope and a 55 MPH street to the rear, it isn’t all that.If this were on a nice quiet Clairemont canyon instead of Balboa Ave. that would have sold for about $650K in 2005.
I’ll be surprised if this doesn’t get bid up quite a bit, though, from the asking.
If I get a chance, I’ll stop by and check it out.
sdduuuude
ParticipantIt isn’t even a very large chunk of usable land.
With a steep slope and a 55 MPH street to the rear, it isn’t all that.If this were on a nice quiet Clairemont canyon instead of Balboa Ave. that would have sold for about $650K in 2005.
I’ll be surprised if this doesn’t get bid up quite a bit, though, from the asking.
If I get a chance, I’ll stop by and check it out.
sdduuuude
ParticipantIt isn’t even a very large chunk of usable land.
With a steep slope and a 55 MPH street to the rear, it isn’t all that.If this were on a nice quiet Clairemont canyon instead of Balboa Ave. that would have sold for about $650K in 2005.
I’ll be surprised if this doesn’t get bid up quite a bit, though, from the asking.
If I get a chance, I’ll stop by and check it out.
May 25, 2008 at 7:56 PM in reply to: Will rents create a price floor despite the mini rental bubble? #211387sdduuuude
ParticipantLook at the very last line of this web page.
It says “In God we Trust. Everyone Else Bring Data.”
Please show me some sort of historical chart that shows we are in a rent bubble.
May 25, 2008 at 7:56 PM in reply to: Will rents create a price floor despite the mini rental bubble? #211460sdduuuude
ParticipantLook at the very last line of this web page.
It says “In God we Trust. Everyone Else Bring Data.”
Please show me some sort of historical chart that shows we are in a rent bubble.
May 25, 2008 at 7:56 PM in reply to: Will rents create a price floor despite the mini rental bubble? #211488sdduuuude
ParticipantLook at the very last line of this web page.
It says “In God we Trust. Everyone Else Bring Data.”
Please show me some sort of historical chart that shows we are in a rent bubble.
May 25, 2008 at 7:56 PM in reply to: Will rents create a price floor despite the mini rental bubble? #211509sdduuuude
ParticipantLook at the very last line of this web page.
It says “In God we Trust. Everyone Else Bring Data.”
Please show me some sort of historical chart that shows we are in a rent bubble.
May 25, 2008 at 7:56 PM in reply to: Will rents create a price floor despite the mini rental bubble? #211542sdduuuude
ParticipantLook at the very last line of this web page.
It says “In God we Trust. Everyone Else Bring Data.”
Please show me some sort of historical chart that shows we are in a rent bubble.
sdduuuude
ParticipantIronman,
I am with you 100%. Would love to do this also.
One issue is – how to finance it. You typically need a construction loan for all the materials, then when the house gets final inspection, you convert the construction loan to a regular mortgage.
Building it yourself can mean a 2 or 3 year project instead of a builder popping it up in a few months. This means – you probably can’t get a construction loan because they usually only stretch to 12 months, I think. So, you need the cash.
I suspect the comment where the poster suggested you may end up spending the same amount of money as the market value is correct. The appeal to me is that I get to design it myself. I am a closet architect. Also, the idea of a small house on a big lot is appealing to me and it seems the only way to get that is to do it myself. Finally, you can build a small house today, then add on as families and income grow.
Also, you don’t need illegals to do it cost-effectively, just finding some good subcontractors is fine, and helps speed up the project.
sdduuuude
ParticipantIronman,
I am with you 100%. Would love to do this also.
One issue is – how to finance it. You typically need a construction loan for all the materials, then when the house gets final inspection, you convert the construction loan to a regular mortgage.
Building it yourself can mean a 2 or 3 year project instead of a builder popping it up in a few months. This means – you probably can’t get a construction loan because they usually only stretch to 12 months, I think. So, you need the cash.
I suspect the comment where the poster suggested you may end up spending the same amount of money as the market value is correct. The appeal to me is that I get to design it myself. I am a closet architect. Also, the idea of a small house on a big lot is appealing to me and it seems the only way to get that is to do it myself. Finally, you can build a small house today, then add on as families and income grow.
Also, you don’t need illegals to do it cost-effectively, just finding some good subcontractors is fine, and helps speed up the project.
sdduuuude
ParticipantIronman,
I am with you 100%. Would love to do this also.
One issue is – how to finance it. You typically need a construction loan for all the materials, then when the house gets final inspection, you convert the construction loan to a regular mortgage.
Building it yourself can mean a 2 or 3 year project instead of a builder popping it up in a few months. This means – you probably can’t get a construction loan because they usually only stretch to 12 months, I think. So, you need the cash.
I suspect the comment where the poster suggested you may end up spending the same amount of money as the market value is correct. The appeal to me is that I get to design it myself. I am a closet architect. Also, the idea of a small house on a big lot is appealing to me and it seems the only way to get that is to do it myself. Finally, you can build a small house today, then add on as families and income grow.
Also, you don’t need illegals to do it cost-effectively, just finding some good subcontractors is fine, and helps speed up the project.
sdduuuude
ParticipantIronman,
I am with you 100%. Would love to do this also.
One issue is – how to finance it. You typically need a construction loan for all the materials, then when the house gets final inspection, you convert the construction loan to a regular mortgage.
Building it yourself can mean a 2 or 3 year project instead of a builder popping it up in a few months. This means – you probably can’t get a construction loan because they usually only stretch to 12 months, I think. So, you need the cash.
I suspect the comment where the poster suggested you may end up spending the same amount of money as the market value is correct. The appeal to me is that I get to design it myself. I am a closet architect. Also, the idea of a small house on a big lot is appealing to me and it seems the only way to get that is to do it myself. Finally, you can build a small house today, then add on as families and income grow.
Also, you don’t need illegals to do it cost-effectively, just finding some good subcontractors is fine, and helps speed up the project.
sdduuuude
ParticipantIronman,
I am with you 100%. Would love to do this also.
One issue is – how to finance it. You typically need a construction loan for all the materials, then when the house gets final inspection, you convert the construction loan to a regular mortgage.
Building it yourself can mean a 2 or 3 year project instead of a builder popping it up in a few months. This means – you probably can’t get a construction loan because they usually only stretch to 12 months, I think. So, you need the cash.
I suspect the comment where the poster suggested you may end up spending the same amount of money as the market value is correct. The appeal to me is that I get to design it myself. I am a closet architect. Also, the idea of a small house on a big lot is appealing to me and it seems the only way to get that is to do it myself. Finally, you can build a small house today, then add on as families and income grow.
Also, you don’t need illegals to do it cost-effectively, just finding some good subcontractors is fine, and helps speed up the project.
sdduuuude
ParticipantDon’t check. Just post. They are useful to SOMEONE.
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