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I want gas money from Newsom

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Getting back to the topic though. DZ seems to like to pick and choose one thing and hone in on it. What he/she/they keeps missing is its a lot of things. This place we call home has changed. Yes i know the whole country has changed but here specifically has changed more in ways that arent going back. I remember having these conversations with CA renter over a decade ago trying to convince her that Encinitas/S Carlsbad was becoming a different place. Now even she would have a hard time arguing against that. When I came here 30 years ago you couldnt get dinner after 9 oclock and it was mostly a working class town. Today its home to a Tech Unicorn, a 5* oceanfront resort and a restaurant on its way to a Michelin * to name a few things. It doesnt take hundreds of new buyers to keep this market strong it takes a small handful each month. We have become the Newport Beach of SD County. Even during the downturn the wealthy were flocking there and they will keep coming here. There is no stopping the flow. And its not just my little corner of SD. Look at MM! Last year in 1st 10 weeks there were no $1M+ sales and this year there are 17! Once 3Roots is firmly entrenched there will be more wealth there. Carmel Valley you ask? Hello UCSD life science and tech boom! Of course those are just one thing and there is far more driving each of these areas upward and onward. I have no issue seeing things correct elsewhere much more but thats not my problem. Will things slow down and eventually turn down here. Sure they will. But this place we call home is irreversably changed and will fare better. Im happy for all of you who capitalized on the opportunity of a lifetime! Sorry for they/them that missed the boat

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LOL. I thought about changing it but appearing so tech unsavvy on a thread about tech workers just seemed like the more appropriate way to go

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I ordered myself back to the office today. Coffee is better here

[img_assist|nid=27536|title=The Office|desc=|link=node|align=left|width=100|height=75]

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New listings 6 (5) –

New Pendings of 7 (8) –

Closed sales at 7 (6) – median of 978K (762K)

Continues to be a very orderly market with volume at consistent levels y-o-y but prices steadily climbing. A year ago almost unheard for a house to close above $1M. In the first 10 weeks of the year there were ZERO above $1M. There have been 17 so far this year of which 7 were $1.25M+. Not your momma’s MM anymore!

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Still not enough inventory but starting to feel like we are gonna get an uptick soon, maybe this week

New listings 16 (17) – so there was a drop off this week last year also. Wonder if its a coincidence or something secular?

New Pendings of 25 (34) – still inventory constrained

Thats -9

Closed sales at 21 –

Total houses for sale 25 (42) with median of $2.35M ($2.33M)

Interesting that median is now pretty much the same year over year. Prices are definitely up quite a bit since then. It likely has more to do with the mix and more very high end homes selling then ever before. Last year in the first 10 weeks of the year we had 11 properties sell over $3M. This year its up to 16 so that market grew by 50%. In 2019 it was 2 houses and in 2020 it was 3. Prior to the pandemic that market barely existed here.

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I’ll drink to that

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[quote=Coronita]Rare vintage wine makes better investments than most consumer grade jewelry BTW. At least you know what you are getting. Well sort of… People in asian pay $100-$150 for empty vintage wine bottles, because they take them and make fake wine and sell it over there with the same label. I’m not kidding.[/quote]

Not far off. Just got some wine delivered. Cost for 6 bottles with tax and shipping is $783. Dropping it off to someone tomorrow who’s paying me $1900. That means the other 6 I bought are free (though I may sell down the road if my tastes change for even more) and I pocket a $340 profit. All the while our pal Chumlee here buys old watches on Craig’s list

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Fraudzone

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[quote=scaredyclassic][quote=sdrealtor][quote=scaredyclassic]Nobody really wants to invest at the real bottom because the bottom feels like everythings going to fall another 50 percent, like it’ll never stop crashing..[/quote]

You did when you took advantage of the opportunity of a lifetime and brought your estate[/quote]

That wasn’t me. My wife pressured me. And it definitely didn’t feel good. Did I ever mention I brought alcohol to the closing? Not to celebrate. To drink while signing. Is that normal?

I don’t know if we could qualify to buy it today.

Been dry for over 2 years now…[/quote]

Whatever it took you got there. Buying real estate here is like buying a car or a TV. It’s seldom feels good at the point of purchase

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[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]Talking about broken records. Or is that record broken? So you have poorly preforming gold that’s tracked inflation and the baseball cards you bought in the 70s. Your track record Is stunning Larry[/quote]

Actually I bought most of my vintage cards in 2012/13, mid life crisis thing. So many of those cards have appreciated 4 to 5 times by this point.
Still feeling good about my gold.[/quote]

I paid a quarter for mine. A quarter per pack but I really bought them for the gum

Might be time to sell that Alcindor RC[/quote]

Well if you aren’t attached to it, now would be the time to sell it. But that is a pretty sweet card and great nostalgia so of course you obviously shouldn’t and won’t. I am far too young to have collected in the 50s and 60s, but I love that era of cards.[/quote]

I’m not attached to anything besides my kids, my home and my wine

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[quote=deadzone][quote=sdrealtor]Talking about broken records. Or is that record broken? So you have poorly preforming gold that’s tracked inflation and the baseball cards you bought in the 70s. Your track record Is stunning Larry[/quote]

Actually I bought most of my vintage cards in 2012/13, mid life crisis thing. So many of those cards have appreciated 4 to 5 times by this point.
Still feeling good about my gold.[/quote]

I paid a quarter for mine. A quarter per pack but I really bought them for the gum

Might be time to sell that Alcindor RC

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[quote=deadzone][quote=Coronita]

But you haven’t made significant money on the downside….that’s the problem. Others have because they weren’t timing the exact bottom.But it seems like some folks here that tend to think in terms of absolutes do seem to consistently miss great opportunities a few times now, both in the stock and real estate markets.[/quote]

Well I made significant money in 07-08 on the downside. But you have to have balls of steel which I no longer have as a family man. Another obvious “opportunity of a lifetime” was to short the Covid stocks such as Zoom, Peloton, Pfizer/Moderna, Zillow, etc. It was beyond obvious that those would crash and burn when Covid ended, and they have. But you have to time it right. I bought some Puts on Zoom in 2020 betting on Covid being short lived, they expired worthless.[/quote]

As a family man what’s more important than a roof over one’s head? Buying one when the fixed cost was below current rent was the job of a lifetime missed

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[quote=scaredyclassic]Nobody really wants to invest at the real bottom because the bottom feels like everythings going to fall another 50 percent, like it’ll never stop crashing..[/quote]

You did when you took advantage of the opportunity of a lifetime and brought your estate

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Talking about broken records. Or is that record broken? So you have poorly preforming gold that’s tracked inflation and the baseball cards you bought in the 70s. Your track record Is stunning Larry

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