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UCGal
Participant[quote=CA renter][quote=scaredycat]i think when you’re younger, less will do. you’re happy just to have your own place. now there are so many additional requirements, it’s like, damn, we’re never going to get such a place….[/quote]
And as you know, once you have kids, all the “requirements” just go through the roof.
My DH and I often talk about how nice it will be when we’re retired and looking for a place just for us. The world will be our oyster because your options really open up when not having to consider kids. Just a couple of bedrooms, small kitchen, small/simple yard, etc. We could easily live in 600-800 square feet as a couple, but with kids that seems to expand to 2,500-3,500!!! (gotta plan for the in-laws, too, at some point)
And everyone else out there is looking for exactly the same thing… 😉
Frustrating, isn’t it?[/quote]
CA Renter – I think you and I are on the same page with respect to in-laws. As you know we built a casita (single level, detached, wheelchair friendly) for my inlaws. Our long term plan is to move into that when we retire… Our thinking is once the kids are gone we’ll need less space, so our current house can be rented to some other family with kids (income) and we’ll take that $ to travel or buy a boat. In the meantime we have a family friendly 2000sf house and my kids grandparents 100 ft away in their own house. Truly a good situation.
But we had to modify/build to get that setup. And the “family friendly” home is smaller than most people insist on now… needs updating. But it functions and we’re happy.
Participant[quote=CA renter][quote=scaredycat]i think when you’re younger, less will do. you’re happy just to have your own place. now there are so many additional requirements, it’s like, damn, we’re never going to get such a place….[/quote]
And as you know, once you have kids, all the “requirements” just go through the roof.
My DH and I often talk about how nice it will be when we’re retired and looking for a place just for us. The world will be our oyster because your options really open up when not having to consider kids. Just a couple of bedrooms, small kitchen, small/simple yard, etc. We could easily live in 600-800 square feet as a couple, but with kids that seems to expand to 2,500-3,500!!! (gotta plan for the in-laws, too, at some point)
And everyone else out there is looking for exactly the same thing… 😉
Frustrating, isn’t it?[/quote]
CA Renter – I think you and I are on the same page with respect to in-laws. As you know we built a casita (single level, detached, wheelchair friendly) for my inlaws. Our long term plan is to move into that when we retire… Our thinking is once the kids are gone we’ll need less space, so our current house can be rented to some other family with kids (income) and we’ll take that $ to travel or buy a boat. In the meantime we have a family friendly 2000sf house and my kids grandparents 100 ft away in their own house. Truly a good situation.
But we had to modify/build to get that setup. And the “family friendly” home is smaller than most people insist on now… needs updating. But it functions and we’re happy.
Participant[quote=jameswenn][quote=LAAFTERHOURS]
I was hoping for high 400s for some of those units but after living in the area for 2.5 years and seeing the type of buyer that is buying these places then filling them with extended family, I lost hope that the pricing would ever reach that point. I could be wrong.[/quote]I know someone who lives in 4S, and he’s mentioned the same thing, a few houses on his block have a lot of cars in the driveway and the street and thinks there are over 10 people living in a few of the homes.[/quote]
I have a coworker that lives up there with his wife and 3 kids… and his parents… and his brother… Prior to buying this house they were all living together in a much smaller house.Participant[quote=jameswenn][quote=LAAFTERHOURS]
I was hoping for high 400s for some of those units but after living in the area for 2.5 years and seeing the type of buyer that is buying these places then filling them with extended family, I lost hope that the pricing would ever reach that point. I could be wrong.[/quote]I know someone who lives in 4S, and he’s mentioned the same thing, a few houses on his block have a lot of cars in the driveway and the street and thinks there are over 10 people living in a few of the homes.[/quote]
I have a coworker that lives up there with his wife and 3 kids… and his parents… and his brother… Prior to buying this house they were all living together in a much smaller house.Participant[quote=jameswenn][quote=LAAFTERHOURS]
I was hoping for high 400s for some of those units but after living in the area for 2.5 years and seeing the type of buyer that is buying these places then filling them with extended family, I lost hope that the pricing would ever reach that point. I could be wrong.[/quote]I know someone who lives in 4S, and he’s mentioned the same thing, a few houses on his block have a lot of cars in the driveway and the street and thinks there are over 10 people living in a few of the homes.[/quote]
I have a coworker that lives up there with his wife and 3 kids… and his parents… and his brother… Prior to buying this house they were all living together in a much smaller house.Participant[quote=jameswenn][quote=LAAFTERHOURS]
I was hoping for high 400s for some of those units but after living in the area for 2.5 years and seeing the type of buyer that is buying these places then filling them with extended family, I lost hope that the pricing would ever reach that point. I could be wrong.[/quote]I know someone who lives in 4S, and he’s mentioned the same thing, a few houses on his block have a lot of cars in the driveway and the street and thinks there are over 10 people living in a few of the homes.[/quote]
I have a coworker that lives up there with his wife and 3 kids… and his parents… and his brother… Prior to buying this house they were all living together in a much smaller house.Participant[quote=jameswenn][quote=LAAFTERHOURS]
I was hoping for high 400s for some of those units but after living in the area for 2.5 years and seeing the type of buyer that is buying these places then filling them with extended family, I lost hope that the pricing would ever reach that point. I could be wrong.[/quote]I know someone who lives in 4S, and he’s mentioned the same thing, a few houses on his block have a lot of cars in the driveway and the street and thinks there are over 10 people living in a few of the homes.[/quote]
I have a coworker that lives up there with his wife and 3 kids… and his parents… and his brother… Prior to buying this house they were all living together in a much smaller house.Participant[quote=eavesdropper]But I am curious about one thing that’s been discussed in this thread: Denial. Is it as strong in your neck of the woods as it is here (documented for posterity on “Real Estate Intervention”)? Time and time again, I meet people who readily acknowledge the severity of the real estate crisis, but, somehow, feel that their home is different, and that they’ll have no problem charging, and getting, significantly more money for it. Is denial still as prevalent in SoCal as it is here, or are most sellers finally getting the message (before the “message” comes from their mortgage lender)?[/quote]
There seems to be a lot of denial around. I follow listings and sales in my neighborhood pretty closely. Here’s an example..
http://www.sdlookup.com/MLS-090062493-2615_Curie_Pl_San_Diego_CA_92122Seller is asking $942k and has been listed for 70 days. It’s a nice house with a nice view of San Clemente Canyon (and presumably Mt. Soledad). But with that view of San Clemente Canyon – you get noise from freeway 52. I know, I have a canyon view that is a bit further up the hill from the freeway… We hear the freeway. That will dissuade some buyers.
1 block away was a house that sold for $555k. Just 2 months ago.
http://www.sdlookup.com/MLS-090037845-2839_Curie_San_Diego_CA_92122It was beat and in pretty harsh condition (per comments on SDLookup) – but the $400k price difference can buy you a lot of fixing up.
I’ve seen a few finally go off the market, without lowering the price, because they couldn’t get their price. One I was watching closely a few months ago – asking $939k with no nibbles.
http://www.sdlookup.com/MLS-090026415-4321_Bromfield_San_Diego_CA_92122Recently the same model, same block, but in crap condition, went pending for $690k in less than a month. I’m guessing it will go for around $650k. Again, I’d say $300k will buy a lot of fixing up.
Denial lives large.
To quote Jim the Realtor – there’s nothing price won’t fix.
Participant[quote=eavesdropper]But I am curious about one thing that’s been discussed in this thread: Denial. Is it as strong in your neck of the woods as it is here (documented for posterity on “Real Estate Intervention”)? Time and time again, I meet people who readily acknowledge the severity of the real estate crisis, but, somehow, feel that their home is different, and that they’ll have no problem charging, and getting, significantly more money for it. Is denial still as prevalent in SoCal as it is here, or are most sellers finally getting the message (before the “message” comes from their mortgage lender)?[/quote]
There seems to be a lot of denial around. I follow listings and sales in my neighborhood pretty closely. Here’s an example..
http://www.sdlookup.com/MLS-090062493-2615_Curie_Pl_San_Diego_CA_92122Seller is asking $942k and has been listed for 70 days. It’s a nice house with a nice view of San Clemente Canyon (and presumably Mt. Soledad). But with that view of San Clemente Canyon – you get noise from freeway 52. I know, I have a canyon view that is a bit further up the hill from the freeway… We hear the freeway. That will dissuade some buyers.
1 block away was a house that sold for $555k. Just 2 months ago.
http://www.sdlookup.com/MLS-090037845-2839_Curie_San_Diego_CA_92122It was beat and in pretty harsh condition (per comments on SDLookup) – but the $400k price difference can buy you a lot of fixing up.
I’ve seen a few finally go off the market, without lowering the price, because they couldn’t get their price. One I was watching closely a few months ago – asking $939k with no nibbles.
http://www.sdlookup.com/MLS-090026415-4321_Bromfield_San_Diego_CA_92122Recently the same model, same block, but in crap condition, went pending for $690k in less than a month. I’m guessing it will go for around $650k. Again, I’d say $300k will buy a lot of fixing up.
Denial lives large.
To quote Jim the Realtor – there’s nothing price won’t fix.
Participant[quote=eavesdropper]But I am curious about one thing that’s been discussed in this thread: Denial. Is it as strong in your neck of the woods as it is here (documented for posterity on “Real Estate Intervention”)? Time and time again, I meet people who readily acknowledge the severity of the real estate crisis, but, somehow, feel that their home is different, and that they’ll have no problem charging, and getting, significantly more money for it. Is denial still as prevalent in SoCal as it is here, or are most sellers finally getting the message (before the “message” comes from their mortgage lender)?[/quote]
There seems to be a lot of denial around. I follow listings and sales in my neighborhood pretty closely. Here’s an example..
http://www.sdlookup.com/MLS-090062493-2615_Curie_Pl_San_Diego_CA_92122Seller is asking $942k and has been listed for 70 days. It’s a nice house with a nice view of San Clemente Canyon (and presumably Mt. Soledad). But with that view of San Clemente Canyon – you get noise from freeway 52. I know, I have a canyon view that is a bit further up the hill from the freeway… We hear the freeway. That will dissuade some buyers.
1 block away was a house that sold for $555k. Just 2 months ago.
http://www.sdlookup.com/MLS-090037845-2839_Curie_San_Diego_CA_92122It was beat and in pretty harsh condition (per comments on SDLookup) – but the $400k price difference can buy you a lot of fixing up.
I’ve seen a few finally go off the market, without lowering the price, because they couldn’t get their price. One I was watching closely a few months ago – asking $939k with no nibbles.
http://www.sdlookup.com/MLS-090026415-4321_Bromfield_San_Diego_CA_92122Recently the same model, same block, but in crap condition, went pending for $690k in less than a month. I’m guessing it will go for around $650k. Again, I’d say $300k will buy a lot of fixing up.
Denial lives large.
To quote Jim the Realtor – there’s nothing price won’t fix.
Participant[quote=eavesdropper]But I am curious about one thing that’s been discussed in this thread: Denial. Is it as strong in your neck of the woods as it is here (documented for posterity on “Real Estate Intervention”)? Time and time again, I meet people who readily acknowledge the severity of the real estate crisis, but, somehow, feel that their home is different, and that they’ll have no problem charging, and getting, significantly more money for it. Is denial still as prevalent in SoCal as it is here, or are most sellers finally getting the message (before the “message” comes from their mortgage lender)?[/quote]
There seems to be a lot of denial around. I follow listings and sales in my neighborhood pretty closely. Here’s an example..
http://www.sdlookup.com/MLS-090062493-2615_Curie_Pl_San_Diego_CA_92122Seller is asking $942k and has been listed for 70 days. It’s a nice house with a nice view of San Clemente Canyon (and presumably Mt. Soledad). But with that view of San Clemente Canyon – you get noise from freeway 52. I know, I have a canyon view that is a bit further up the hill from the freeway… We hear the freeway. That will dissuade some buyers.
1 block away was a house that sold for $555k. Just 2 months ago.
http://www.sdlookup.com/MLS-090037845-2839_Curie_San_Diego_CA_92122It was beat and in pretty harsh condition (per comments on SDLookup) – but the $400k price difference can buy you a lot of fixing up.
I’ve seen a few finally go off the market, without lowering the price, because they couldn’t get their price. One I was watching closely a few months ago – asking $939k with no nibbles.
http://www.sdlookup.com/MLS-090026415-4321_Bromfield_San_Diego_CA_92122Recently the same model, same block, but in crap condition, went pending for $690k in less than a month. I’m guessing it will go for around $650k. Again, I’d say $300k will buy a lot of fixing up.
Denial lives large.
To quote Jim the Realtor – there’s nothing price won’t fix.
Participant[quote=eavesdropper]But I am curious about one thing that’s been discussed in this thread: Denial. Is it as strong in your neck of the woods as it is here (documented for posterity on “Real Estate Intervention”)? Time and time again, I meet people who readily acknowledge the severity of the real estate crisis, but, somehow, feel that their home is different, and that they’ll have no problem charging, and getting, significantly more money for it. Is denial still as prevalent in SoCal as it is here, or are most sellers finally getting the message (before the “message” comes from their mortgage lender)?[/quote]
There seems to be a lot of denial around. I follow listings and sales in my neighborhood pretty closely. Here’s an example..
http://www.sdlookup.com/MLS-090062493-2615_Curie_Pl_San_Diego_CA_92122Seller is asking $942k and has been listed for 70 days. It’s a nice house with a nice view of San Clemente Canyon (and presumably Mt. Soledad). But with that view of San Clemente Canyon – you get noise from freeway 52. I know, I have a canyon view that is a bit further up the hill from the freeway… We hear the freeway. That will dissuade some buyers.
1 block away was a house that sold for $555k. Just 2 months ago.
http://www.sdlookup.com/MLS-090037845-2839_Curie_San_Diego_CA_92122It was beat and in pretty harsh condition (per comments on SDLookup) – but the $400k price difference can buy you a lot of fixing up.
I’ve seen a few finally go off the market, without lowering the price, because they couldn’t get their price. One I was watching closely a few months ago – asking $939k with no nibbles.
http://www.sdlookup.com/MLS-090026415-4321_Bromfield_San_Diego_CA_92122Recently the same model, same block, but in crap condition, went pending for $690k in less than a month. I’m guessing it will go for around $650k. Again, I’d say $300k will buy a lot of fixing up.
Denial lives large.
To quote Jim the Realtor – there’s nothing price won’t fix.
ParticipantThanks for the info Adam.
Just curious… If you see an opening bid posted, is it more likely to go to sale (vs being canceled) than one that does not have a published opening bid? My thinking, which could be entirely bogus, is that if they’ve done the leg work to determine and publish an opening bid, they’re less likely to cancel/postpone because they’ve put some more legwork in.
I see a ton that are postponed – and never had an opening bid published… I have yet to see an opening bid published and have it cancelled… (That I remember.) I’ve only been actively watching the trustee sales for a few weeks, though.
ParticipantThanks for the info Adam.
Just curious… If you see an opening bid posted, is it more likely to go to sale (vs being canceled) than one that does not have a published opening bid? My thinking, which could be entirely bogus, is that if they’ve done the leg work to determine and publish an opening bid, they’re less likely to cancel/postpone because they’ve put some more legwork in.
I see a ton that are postponed – and never had an opening bid published… I have yet to see an opening bid published and have it cancelled… (That I remember.) I’ve only been actively watching the trustee sales for a few weeks, though.
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