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sdnerd
Participant“What’s the going ppsf in sv?”
Like everything else, it varies based on countless factors – location, build out, etc.
In the area close to the 5/805 split and the main Qualcomm buildings you are looking at approximately 1.40sq/ft for a B and around 2-2.20sq/ft for an A.
A little bit further east somewhere around 1.20.
Those are the prices I’m seeing for spaces around 15,000sq/ft.
This is of course to lease, not to buy.
sdnerd
Participant“What’s the going ppsf in sv?”
Like everything else, it varies based on countless factors – location, build out, etc.
In the area close to the 5/805 split and the main Qualcomm buildings you are looking at approximately 1.40sq/ft for a B and around 2-2.20sq/ft for an A.
A little bit further east somewhere around 1.20.
Those are the prices I’m seeing for spaces around 15,000sq/ft.
This is of course to lease, not to buy.
sdnerd
Participant“What’s the going ppsf in sv?”
Like everything else, it varies based on countless factors – location, build out, etc.
In the area close to the 5/805 split and the main Qualcomm buildings you are looking at approximately 1.40sq/ft for a B and around 2-2.20sq/ft for an A.
A little bit further east somewhere around 1.20.
Those are the prices I’m seeing for spaces around 15,000sq/ft.
This is of course to lease, not to buy.
sdnerd
Participant“What’s the going ppsf in sv?”
Like everything else, it varies based on countless factors – location, build out, etc.
In the area close to the 5/805 split and the main Qualcomm buildings you are looking at approximately 1.40sq/ft for a B and around 2-2.20sq/ft for an A.
A little bit further east somewhere around 1.20.
Those are the prices I’m seeing for spaces around 15,000sq/ft.
This is of course to lease, not to buy.
sdnerd
Participant“I read recently that less than HALF of all those with real estate licenses in southern California actually recorded a sale in 2007. Half. Are those people still counted as employed? I’m betting that many of them are.”
I wouldn’t read too much into that. Getting a RE license isn’t like becoming a doctor or another highly trained professional.
Many people have gotten them, and simply move on to other careers. I know several people with licenses, and their career has nothing to do with RE.
sdnerd
Participant“I read recently that less than HALF of all those with real estate licenses in southern California actually recorded a sale in 2007. Half. Are those people still counted as employed? I’m betting that many of them are.”
I wouldn’t read too much into that. Getting a RE license isn’t like becoming a doctor or another highly trained professional.
Many people have gotten them, and simply move on to other careers. I know several people with licenses, and their career has nothing to do with RE.
sdnerd
Participant“I read recently that less than HALF of all those with real estate licenses in southern California actually recorded a sale in 2007. Half. Are those people still counted as employed? I’m betting that many of them are.”
I wouldn’t read too much into that. Getting a RE license isn’t like becoming a doctor or another highly trained professional.
Many people have gotten them, and simply move on to other careers. I know several people with licenses, and their career has nothing to do with RE.
sdnerd
Participant“I read recently that less than HALF of all those with real estate licenses in southern California actually recorded a sale in 2007. Half. Are those people still counted as employed? I’m betting that many of them are.”
I wouldn’t read too much into that. Getting a RE license isn’t like becoming a doctor or another highly trained professional.
Many people have gotten them, and simply move on to other careers. I know several people with licenses, and their career has nothing to do with RE.
sdnerd
Participant“I read recently that less than HALF of all those with real estate licenses in southern California actually recorded a sale in 2007. Half. Are those people still counted as employed? I’m betting that many of them are.”
I wouldn’t read too much into that. Getting a RE license isn’t like becoming a doctor or another highly trained professional.
Many people have gotten them, and simply move on to other careers. I know several people with licenses, and their career has nothing to do with RE.
sdnerd
ParticipantYou bought it for 20% off peak, and if your estimates and recent comps are accurate – you still paid 10% less then recent comps. You like and are living in the house, and plan to for the long term. Sure prices may go down another 10-20%, or they may not. Sounds like you are OK there and shouldn’t lose sleep. If you were renting the house right now, you’d be spending what.. approximately $25-30k/year in rent right?
For the condo – honestly first thing I’d do is confirm if it’s a recourse loan or not. You re-financed so it most likely is, but maybe it’s not since you didn’t suck cash out. If it’s non-recourse, personally I’d look into walking. You did a 100% finance deal, little skin in the game, and you already own your long term home.
If it’s a recourse loan, and you can’t walk – that’s a tough call. Assuming you have ample savings to cover yourself and both properties for extended period of time should you lose your job then personally, I don’t think I’d short sale. A slow bleed gives you more time, and more cash in the near future. You aren’t distressed, and don’t have to sell.
Based on your income, you make a fair amount of money so these loans aren’t going to break your back especially renting 1 of them. And at some point in the future, whether its 5,10,15 years from now prices, rents, and your income are most likely going to be higher – especially if we inflate out. Not to mention, who knows what bailouts are coming.
The good news is – you didn’t buy and re-finance an $800k downtown condo with a $600/mo HOA! π
sdnerd
ParticipantYou bought it for 20% off peak, and if your estimates and recent comps are accurate – you still paid 10% less then recent comps. You like and are living in the house, and plan to for the long term. Sure prices may go down another 10-20%, or they may not. Sounds like you are OK there and shouldn’t lose sleep. If you were renting the house right now, you’d be spending what.. approximately $25-30k/year in rent right?
For the condo – honestly first thing I’d do is confirm if it’s a recourse loan or not. You re-financed so it most likely is, but maybe it’s not since you didn’t suck cash out. If it’s non-recourse, personally I’d look into walking. You did a 100% finance deal, little skin in the game, and you already own your long term home.
If it’s a recourse loan, and you can’t walk – that’s a tough call. Assuming you have ample savings to cover yourself and both properties for extended period of time should you lose your job then personally, I don’t think I’d short sale. A slow bleed gives you more time, and more cash in the near future. You aren’t distressed, and don’t have to sell.
Based on your income, you make a fair amount of money so these loans aren’t going to break your back especially renting 1 of them. And at some point in the future, whether its 5,10,15 years from now prices, rents, and your income are most likely going to be higher – especially if we inflate out. Not to mention, who knows what bailouts are coming.
The good news is – you didn’t buy and re-finance an $800k downtown condo with a $600/mo HOA! π
sdnerd
ParticipantYou bought it for 20% off peak, and if your estimates and recent comps are accurate – you still paid 10% less then recent comps. You like and are living in the house, and plan to for the long term. Sure prices may go down another 10-20%, or they may not. Sounds like you are OK there and shouldn’t lose sleep. If you were renting the house right now, you’d be spending what.. approximately $25-30k/year in rent right?
For the condo – honestly first thing I’d do is confirm if it’s a recourse loan or not. You re-financed so it most likely is, but maybe it’s not since you didn’t suck cash out. If it’s non-recourse, personally I’d look into walking. You did a 100% finance deal, little skin in the game, and you already own your long term home.
If it’s a recourse loan, and you can’t walk – that’s a tough call. Assuming you have ample savings to cover yourself and both properties for extended period of time should you lose your job then personally, I don’t think I’d short sale. A slow bleed gives you more time, and more cash in the near future. You aren’t distressed, and don’t have to sell.
Based on your income, you make a fair amount of money so these loans aren’t going to break your back especially renting 1 of them. And at some point in the future, whether its 5,10,15 years from now prices, rents, and your income are most likely going to be higher – especially if we inflate out. Not to mention, who knows what bailouts are coming.
The good news is – you didn’t buy and re-finance an $800k downtown condo with a $600/mo HOA! π
sdnerd
ParticipantYou bought it for 20% off peak, and if your estimates and recent comps are accurate – you still paid 10% less then recent comps. You like and are living in the house, and plan to for the long term. Sure prices may go down another 10-20%, or they may not. Sounds like you are OK there and shouldn’t lose sleep. If you were renting the house right now, you’d be spending what.. approximately $25-30k/year in rent right?
For the condo – honestly first thing I’d do is confirm if it’s a recourse loan or not. You re-financed so it most likely is, but maybe it’s not since you didn’t suck cash out. If it’s non-recourse, personally I’d look into walking. You did a 100% finance deal, little skin in the game, and you already own your long term home.
If it’s a recourse loan, and you can’t walk – that’s a tough call. Assuming you have ample savings to cover yourself and both properties for extended period of time should you lose your job then personally, I don’t think I’d short sale. A slow bleed gives you more time, and more cash in the near future. You aren’t distressed, and don’t have to sell.
Based on your income, you make a fair amount of money so these loans aren’t going to break your back especially renting 1 of them. And at some point in the future, whether its 5,10,15 years from now prices, rents, and your income are most likely going to be higher – especially if we inflate out. Not to mention, who knows what bailouts are coming.
The good news is – you didn’t buy and re-finance an $800k downtown condo with a $600/mo HOA! π
sdnerd
ParticipantYou bought it for 20% off peak, and if your estimates and recent comps are accurate – you still paid 10% less then recent comps. You like and are living in the house, and plan to for the long term. Sure prices may go down another 10-20%, or they may not. Sounds like you are OK there and shouldn’t lose sleep. If you were renting the house right now, you’d be spending what.. approximately $25-30k/year in rent right?
For the condo – honestly first thing I’d do is confirm if it’s a recourse loan or not. You re-financed so it most likely is, but maybe it’s not since you didn’t suck cash out. If it’s non-recourse, personally I’d look into walking. You did a 100% finance deal, little skin in the game, and you already own your long term home.
If it’s a recourse loan, and you can’t walk – that’s a tough call. Assuming you have ample savings to cover yourself and both properties for extended period of time should you lose your job then personally, I don’t think I’d short sale. A slow bleed gives you more time, and more cash in the near future. You aren’t distressed, and don’t have to sell.
Based on your income, you make a fair amount of money so these loans aren’t going to break your back especially renting 1 of them. And at some point in the future, whether its 5,10,15 years from now prices, rents, and your income are most likely going to be higher – especially if we inflate out. Not to mention, who knows what bailouts are coming.
The good news is – you didn’t buy and re-finance an $800k downtown condo with a $600/mo HOA! π
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