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April 22, 2007 at 6:19 PM in reply to: Subprime to have little impact on desirable areas of San Diego?? #50806
sdrealtor
ParticipantOCR is correct. Some but not all of the homes are within 25 feet of passing trains. There will be a station within walking distance of the homes.
ParticipantThat was a joke….wasnt it?
ParticipantAbsolutely Centex had to notify them. In the frenzy of it all people looked past the obvious to get a nice big house with all the bell and whistles for what seemed like a good price. Even so, i remember it took a long time to sell those puppies.
April 22, 2007 at 8:03 AM in reply to: Subprime to have little impact on desirable areas of San Diego?? #50769ParticipantPatience and double inverse funds;)
ParticipantThe Sprinter train which will start running shortly is a stone’s throw from that house. I really mean a stone’s throw. And it could be a 5 year throwing the stone!
ParticipantYou’ll do fine with that price as any buyer will view it as 525K. Value range pricing is so 2004!
ParticipantWell said Bugs. When making RE decisions or any decisions for that matter you are always making them based upon limited information at a specific point in time. As long as you can live with those decisions you’ll be fine.
ParticipantUnless the house is made out of concrete it will have termites in Socal at some point. In general, termites are very slow acting and not half the problem of water damage/dry rot. The only reason that they are such a big deal in the RE sales process is because someone decided to amke it an important part of the contract. A 50 year old termite infested beach bungalow is a problem. A 10 year old tract home with with evidence of termites found, no big deal. Treat the problem and move on.
ParticipantSDC,
My intent was not to make it sound like renters are doomed. My intent was to show that security and stability are NOT overated like PC and Bugs said. One of my best friends out here grew up in a trailer park in Reno and is hugely successful. He’s brilliant and succeeded in spite of his challenges. In fact he’s far more brilliant than any of us. The truth is we succeeded in spite of any of us being really brilliant. The highest any of us scored on SAT’s was probably in the mid 1300’s and several were just over 1000.Personally I believe being surrounded by a great group of peers when growing up can be just as important as parents. It can make up for alot and is an integral piece of the puzzle. It is what I wish for my children and for your children. It is why i am so frustrated that good, itelligent people in SD are forced to raise their children under less than ideal conditions. So much of what happens to our kids when they grow up does not happen under their parents watchuful eyes. My friends and I were not perfect, far from it. But the stability of the environment we grew up in is a major part of who we all became.
ParticipantI couldnt disagree with Bugs and Perry more. Stability is not overated it is underated. While I’m sure you both came out fine I have seen what stability can create and it is far beyond what you have achieved.
I grew up in a sanitized suburbia very much like where I live in North County. Our parents were successful but not anywhere near the level my generation has been. My best friends are guys I have known since I could walk. In fact they all lived within a block of my house and most were no farther than 4 or 5 houses away. A few moved away either across town or out of town and none of them stayed part of the group. If not for the rain, I’d be out golfing with a friend I’ve know since I was about 1 year old. To this day, I still talk with many of these friends every month. When I was about to get married, I was taken out for The Lunch, a dreaded 3 hour grilling by the gang. The Lunch was responsible for 2 cancelled weddings. Out of more than 2 dozen of us, there is only one divorce and he ended up regretting his decision to ignore us after his lunch. When I walked down the aisle it was after downing a couple shots with my friends who led the way down the aisle. I frequently fly back to attend events for the children of my friends and last month a several of us got together to celebrate some milestone birthdays in South Florida.
Our parents were all well educated and had decent but not spectacular careers. Nearly all of us earned advanced degrees. We all pushed and supported each other. We continue to do so. My closest friends now include an attorney/Sports Agent who counts one of the Top 5 NBA players as his clients, another attorney brought into the Sports agency business by that friend who now has many NFL clients, an Envirnomental Engineer/Attorney that redevelops Super Fund sites with clients that include Donald Trump, a Financial Advisor (one fo the few w/o a graduate degree but more certifications than I have ever heard of CLU, CFP, CHFC etc) who works with Fortune 500 execs and has earned 7 figures annually for over 15 years, the retired CEO/founder of a Gov’t Defense IT Contractor that sold out a couple years back for mid 8 figures, a neurosurgeon, a plastic surgeon, 2 opthalmalogists, a cardiologist, a top Oil/Gas attorney, an orthopedic surgeon, 3 radiologists, a few very successful entreprenuers, a Cal berkley professor, a Sports Writer for a major US daily newspaper, the head of a major Bay Area Research organization, a couple involved in large family businesses and me who walked away from a great career track to care for my parents which I don’t regret for one moment. It is in fact one of the things I am most proud of in my life.
I could go on and on. With one or two exceptions, none of us are even close to brilliant. None of us graduated at the top of our clasess. None of us inherited great wealth, looks, atheletic talent and none of us got where we are today with outside help. What we all share in common is a sense of comfort with who were are, self-confidence, self-motivation, inner drive and friendly outgoing personalities. Everyone us feels very fortunate to be where we are and we often wonder how all us achieved so much. When it comes down to it and we try to figure it out the only thing truly separates us from many others who were raised in similar environments is each other.
It may be a bit pollyannaish but this is what I hope for my kids who already have a core of friends they have known their entire albeit short lives.
ParticipantNahhh!!!
ParticipantYou forgot to include the cost of moving at least 4 times between 2002 and 2010 not to mention what that does to your career and family stability.
PC is a bachelor and often doesnt get there is a significant return in terms of happiness, security and finances by having your kids grow up around the same friends in a safe, secure and happy environment..
ParticipantChecked out the Fieldstone stuff and yes it is a very different location. Also the homes look as plain vanilla as they come. By the time you are done there with some upgrades over the linoleum floors etc and throw in some cheap landscaping and bed sheets on the windows you are still about 650k and best of all you probably get an aweful location overlooking a busy road.
As ugly as the Belleza homes are they are around the corner from what is becoming a rapidly growing Cal State University community.
ParticipantI also checked out Centex’s Silver Crest neighborhood that is full of distress sales. They are nice homes and its been some time since I checked them out. Nice 3000 sq ft homes with all the bells and whistles for low 600’s with landscaping installed. I never understood what the real problem is there until today. From some of the homes you will be able to reach out and touch the new Sprinter trains going by. WEEEEEEEEEEE……….
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