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sdrealtor
ParticipantIsnt this what our government always does? How many billions do we spend in Iraq every day?
April 12, 2007 at 12:39 PM in reply to: NY Times..”A Word of Advice During a Housing Slump: Rent “ #49952Participantgn,
This goes back to post I made a few months back. Homes do not appreciate in%’s the appreciate in $’s. Forexample, in my area everything went up about $100,000 in one 3 month period (Dec 2003 to Feb 2004). Lower priced homes had a higher appreciate rate but everyone pretty much got the same amount of appreciation dollars. Likewise, on an individaul basis I believe it is ridiculous for a potenital homebuyer to try and predict what percentage the market will go down. You are better served by determining what you want and trying to figure out what the nominal price will be. Admittedly this is not easy but worth the effort. Overall market decline figures are for economists not homebuyers and the only price that really matters is of the home you actually buy unless you are buying as a speculator/investor.ParticipantParanoid
Yes you are missing something. $300/month to principle.ParticipantIf you stay south of Enc Blvd you save 5 to 10 minutes also vs being north of it.
ParticipantCBS is a unique place as you know and should fare better than most areas in the downturn even Encinitas. There is no undeveloped land in CBS and any new construction will be high end infill projects. If you are seriously considering staying in the immediate area I would look at some of the nice older parts of Encinitas closer to ECR where you can get a nice single level on a 10,000 sq ft lot with no HOA or mello roos. Those are far more likely to reach affordability for you than a decent place in CBS.
ParticipantDamn I’m GOOD!
Just found this on his website as coming soon:
Cardiff. Fully rehabbed home close to the beach. 3/2/1100 sf. New everything, good sized yard, cul-de-sac, two car garage. Proposed price is $700,000. Should be ready June 07. Call now to get in early in the process and pick colors and finishes. Cardiff-by-the-Sea is one of the best beach towns in all of California and one of San Diegos strongest markets. Prices here have held up beautifully over the last year. There’s a reason for that.
ParticipantGet a house with a granny flat. Separate space with a separate entrance makes it easier to separate lives.
ParticipantMaybe the landlord understands how challenging it can be to sell a house that shows less than perfectly and is dificult to show as there are tenants that have two small children and a pregnant woman living which requires 24 notice who dont really want to move and are not likely to make it nice or easy for the showing agents.
Sorry but it’s easier to show the 4 vacant houses around the corner.
ParticipantTry this next time. Its a good link to have handy. It allows you to look up any individual with a real estate license in CA. You can see how long they’ve been licensed and with whom.
ParticipantThey guy who bought is also a general contractor. He’ll throw about 20K plus his own time at to make it pretty and my guess is that it will be back on the market for about $100,000 more than he paid within a couple weeks. Won’t make a killing but I’ll bet he walks away with at least $25,000 for his 30 to 60 days of work.
ParticipantThats classic!
ParticipantSD R,
He is a Realtor and is licensed as a RE salesperson. You probably reversed the names when you tried to look them up.ParticipantSounds like a fair deal to me. I think all the downsides have been covered already. There are also many benefits such as not having to move when your rental gets sold, not having the rising rent to think about, the security of raising your family in your home, doing what you want with it and many more.
The bottom line is you are looking for advice when the answer can only be found inside your heart and head.
ParticipantFirst sale was a non-MLS perhaps a FSBO at what looks like a very low price to a licensed realtor. Kinda looks like the first seller could have been a long time owner or someone who inherited the property. At that price I would say they got robbed but who really knows the circumstances around the sale.
The second sale was to another realtor in this area that has bought fixers and flipped them in the area. The second sale was for $560,000 four days after it was listed and based upon the asking price of $575,000 I would guess that no commissions were taken by the buyer/agent.
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