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sdrealtor
ParticipantJohn
Just curious as to how you developed your price brackets? It would seem to me that the price brackets should be different for every ZIP Code. For example, the basic Starter Home bracket in Encinitas/South Carlsbad is probably $700K and below while that same bracket in San Marcos is probably $600K and below. The next bracket in Encinitas/South carlsbad would likely be $700K to $850K while in San Marcos its probably $600K to somewhere between $700K.If you are comparing the same brackets across different ZIP’s arent you comparing apples and oranges as it falsely would make a higher priced market look more healthy than a lower priced market. For example, in Encinitas/South Carlsbad $750K gets you a roughly 2000 sq ft 20 year old home in need of major updating while in SM it gets you a brand new 3500 sq ft home with all the bells and whistles. Any clarification as to how you adjust for this in your analysis?
ParticipantHow about a job as a Realtor or a Loan Officer?
😉
ParticipantHow about a job as a Realtor or a Loan Officer?
😉
ParticipantFunny but I was just talking with a friend about that tract yesterday. He said they looked at those houses when they were being built (as well as San Elijo Hills), they were selling 4000 sq ft at roughly the same price as 2500 sq ft homes in the communities closer to the coast in higher ranked school districts. He is not employed in RE in any way shape or form and said he ruled it out (too far from the beach) but commented that alot of marginally qualified people probably bought there because they thought size mattered more and didnt understand the dynamics of location. We both wondered how the neighborhood was doing.
Now we know.
ParticipantIt looks like our friends on Playa Riveria just reduced to $689,000 after 3 weeks on the market with a Realtor. Looks like they are getting good advice and will be more successful than when they were trying to go it alone.
ParticipantHOA fees typically include insurance on the structure and common areas. The owner needs insurance for their personal property just as a renter should have the same.
ParticipantA couple more things to consider:
Does she have heirs? Would they live in the property? She should consider that keeping the property and willing it to heirs will give them a stepped up basis and eliminate capital gains. If she has heirs and they will enjoy the $400K tax basis for real estate taxes as long as they own it. It really depends on what her personal financial situation looks like. If she needs the money, her heirs (if there are any might support her finacially). I know I would!
She REALLY needs to talk to a tax advisor because it is far from a simple question.
ParticipantI think the reason why this is happening is obvious to us all and its why I told you to lock into that lease for 2 years when you asked the question back in May. If memory serves me correct, everyone else on the board said rents would fall or stay stable and that all the unsold properties would quickly increase the rental inventory. I was seeing a real scarcity of quality SFR rentals available and strongly suggested locking yourself in. You made the right choice.
Participantpost where you want to live and maybe someone out here can help you find a nice home to rent.
July 22, 2006 at 1:03 PM in reply to: Differences Between The Tech Bubble and the Real Estate Bubble #29283ParticipantCheck the top of the Empire State Building 😉
July 22, 2006 at 1:03 PM in reply to: Differences Between The Tech Bubble and the Real Estate Bubble #29282ParticipantCheck the top of the Empire State Building 😉
July 22, 2006 at 12:40 AM in reply to: Why I predict a 55% nominal price drop in North County #29261ParticipantI agree with your rough number. BTW, I can measure same house value.
It’s late…nite nite
July 22, 2006 at 12:40 AM in reply to: Why I predict a 55% nominal price drop in North County #29260ParticipantI agree with your rough number. BTW, I can measure same house value.
It’s late…nite nite
July 22, 2006 at 12:31 AM in reply to: Why I predict a 55% nominal price drop in North County #29258ParticipantPick a number, any number. It will all show pretty much the same thing.
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