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sdrealtor
ParticipantI live within driving distance or even more accurately driver distance of Encinitas Ranch and have followed it closely since it opened for sales. While it is not my personal cup of tea, I definitely see the appeal of an immaculate community with golf course and ocean view opportunities close to the beach/freeway.
While most of the lots are small, there are about 10% with larger lots. I’d try to snag one of those. Without question, Lynwood is the street to live on if you can. The elementary school is an issue for some as Capri has perhaps the highest percentage of English learners in the district and lowest API scores as a result. However, they also have a dual language immersion program that friends of mine with access to top rated schools have sent their children to in order to become bi-lingual by the time they reach Jr High. Mello Roos and HOA fees are among the highest in the area.
One other issue to consider is that leverage is very high among many homeowners there. Driving around it is obvious that pretty much everyone there loaded up on landscaping. Currently there are a handful of NOD’s filed and it would not surprise me if it got fairly hard hit in a down turn.
If you have any specific questions, please feel free to post and I’ll do my best to answer promptly.
sdrealtor
ParticipantI live within driving distance or even more accurately driver distance of Encinitas Ranch and have followed it closely since it opened for sales. While it is not my personal cup of tea, I definitely see the appeal of an immaculate community with golf course and ocean view opportunities close to the beach/freeway.
While most of the lots are small, there are about 10% with larger lots. I’d try to snag one of those. Without question, Lynwood is the street to live on if you can. The elementary school is an issue for some as Capri has perhaps the highest percentage of English learners in the district and lowest API scores as a result. However, they also have a dual language immersion program that friends of mine with access to top rated schools have sent their children to in order to become bi-lingual by the time they reach Jr High. Mello Roos and HOA fees are among the highest in the area.
One other issue to consider is that leverage is very high among many homeowners there. Driving around it is obvious that pretty much everyone there loaded up on landscaping. Currently there are a handful of NOD’s filed and it would not surprise me if it got fairly hard hit in a down turn.
If you have any specific questions, please feel free to post and I’ll do my best to answer promptly.
sdrealtor
ParticipantI think a Democrat President will get blamed for it. President’s get far too much credit and/or blame for what happens in a generally cyclical economy. They are either blessed by good timing or cursed by bad timing.
sdrealtor
ParticipantI think a Democrat President will get blamed for it. President’s get far too much credit and/or blame for what happens in a generally cyclical economy. They are either blessed by good timing or cursed by bad timing.
sdrealtor
Participant2011/2012 sounds about right for a time to reach the bottom. Don’t know about great view properties for $800,000 though that would be awesome. If it get’s there I know that I’ll be buying at least one of them.
sdrealtor
Participant2011/2012 sounds about right for a time to reach the bottom. Don’t know about great view properties for $800,000 though that would be awesome. If it get’s there I know that I’ll be buying at least one of them.
sdrealtor
ParticipantIf there are several dozen folks on this board with incomes between 100k and 400K and plenty of assets sitting on the sidelines, could there be more that arent on this blog? This thread brought 2 thoughts to mind.
1.) There are plenty of folks on the sidelines with the assets and income to buy at today’s prices who are waiting for lower prices and/or a mor epostive market psychology.
2.) After seeing those income figures SD R, renewed his committment to this board and selling RE to as many of you as possible over the next several years. Looks like he should be buying the beer, the bourbon, the scotch etc…
Heck, I think those income figures got Ozzie back on board also!
sdrealtor
ParticipantIf there are several dozen folks on this board with incomes between 100k and 400K and plenty of assets sitting on the sidelines, could there be more that arent on this blog? This thread brought 2 thoughts to mind.
1.) There are plenty of folks on the sidelines with the assets and income to buy at today’s prices who are waiting for lower prices and/or a mor epostive market psychology.
2.) After seeing those income figures SD R, renewed his committment to this board and selling RE to as many of you as possible over the next several years. Looks like he should be buying the beer, the bourbon, the scotch etc…
Heck, I think those income figures got Ozzie back on board also!
sdrealtor
ParticipantThe buyer to satisfy self b4 release of contingency is something silly realtors put in their listings in a vain attempt to limit thier liability. In essence they are saying during the during contingency period it is your (the buyer) responsibility to complete your due diligence and to verify any representations I (the Realtor) have made before releasing your contingencies (i.e. built-in escape clauses) which allow you to cancel the escrow without penalty.
Example: realtor lists home as having 3000 sq ft and buyer relies on that. Upon moving in buyer learns that house is only permitted for 2500 sqft with the other 500 sq ft being a bootlegged addition and threatens to sue Realtor and Seller. Realtor says “Check the listing, I told you it was your responsibility to verify all b4 releasing your contingencies” Plaintiffs attorney promptly laughs in listing agents face and says “tell it to the judge”. Judge is anxiously awaiting their chance to laugh too. Many agents use it in their listings but it really offers them no real legal protection IMHO.
sdrealtor
ParticipantThe buyer to satisfy self b4 release of contingency is something silly realtors put in their listings in a vain attempt to limit thier liability. In essence they are saying during the during contingency period it is your (the buyer) responsibility to complete your due diligence and to verify any representations I (the Realtor) have made before releasing your contingencies (i.e. built-in escape clauses) which allow you to cancel the escrow without penalty.
Example: realtor lists home as having 3000 sq ft and buyer relies on that. Upon moving in buyer learns that house is only permitted for 2500 sqft with the other 500 sq ft being a bootlegged addition and threatens to sue Realtor and Seller. Realtor says “Check the listing, I told you it was your responsibility to verify all b4 releasing your contingencies” Plaintiffs attorney promptly laughs in listing agents face and says “tell it to the judge”. Judge is anxiously awaiting their chance to laugh too. Many agents use it in their listings but it really offers them no real legal protection IMHO.
June 9, 2007 at 1:54 PM in reply to: Foreclosures affecting the market — coming soon to a town near you #58120sdrealtor
ParticipantBuy your own damn beer!;)
June 9, 2007 at 1:54 PM in reply to: Foreclosures affecting the market — coming soon to a town near you #58147sdrealtor
ParticipantBuy your own damn beer!;)
sdrealtor
ParticipantOzman,
Didnt you say you werent coming back.sdr
sdrealtor
ParticipantOzman,
Didnt you say you werent coming back.sdr
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