[urbanrealtor]

Here is a CMA for 92103 for attached 2br units in the last 6 months.

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1000956781&s=SND&t=SND&g=1

It indicates that the average ppsf is $355 for this subset.

That being said, knocking down that price due to various factors (eg: on a busy street, no view, its dark, older building) is a good way to go. I try to keep the ppsf below 330 for my Hillcrest buyers.

Just sayin.

[urbanrealtor]

Here is a CMA for 92103 for attached 2br units in the last 6 months.

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1000956781&s=SND&t=SND&g=1

It indicates that the average ppsf is $355 for this subset.

That being said, knocking down that price due to various factors (eg: on a busy street, no view, its dark, older building) is a good way to go. I try to keep the ppsf below 330 for my Hillcrest buyers.

Just sayin.

[urbanrealtor]

[quote=macromaniac]Urban,

“Since Everyone” is doing it must mean everyone is right…oh yea…I forgot maybe I will go buy one of these tomorrow. Typical Realtor talk…dumb. I bet you were saying the same thing two, three, four, years ago…there not making any more land..better get a place before you miss out…

Here is a question for you Mr. bring data guy…your smart enough for this one…what effect is job losses going to have on home prices in 9 months? How about almost everyone I know getting pay cuts of 10 to 15% at major corporations, bonuses cut, on and on…..oh yea….but everyone is doing it….dumb. [/quote]
To define terms:
“everyone” refers to all arm’s length buyers in that complex.
I was describing an observable fact, not a directing a course of action.
These observable facts help to guide someone who wants to know what it will cost to buy there. Not sure how that is either “dumb” or inaccurate as you have implied.
I agree that it would be stupid to buy above your means (especially after a pay cut) but nobody was talking about that.
Thats just a straw man.
The question was what this complex was selling for.
As far as my predictions for 9 months from now:
I don’t have a crystal ball.
Do you?
What specifically did I say that was dumb?

[urbanrealtor]

[quote=macromaniac]Urban,

“Since Everyone” is doing it must mean everyone is right…oh yea…I forgot maybe I will go buy one of these tomorrow. Typical Realtor talk…dumb. I bet you were saying the same thing two, three, four, years ago…there not making any more land..better get a place before you miss out…

Here is a question for you Mr. bring data guy…your smart enough for this one…what effect is job losses going to have on home prices in 9 months? How about almost everyone I know getting pay cuts of 10 to 15% at major corporations, bonuses cut, on and on…..oh yea….but everyone is doing it….dumb. [/quote]
To define terms:
“everyone” refers to all arm’s length buyers in that complex.
I was describing an observable fact, not a directing a course of action.
These observable facts help to guide someone who wants to know what it will cost to buy there. Not sure how that is either “dumb” or inaccurate as you have implied.
I agree that it would be stupid to buy above your means (especially after a pay cut) but nobody was talking about that.
Thats just a straw man.
The question was what this complex was selling for.
As far as my predictions for 9 months from now:
I don’t have a crystal ball.
Do you?
What specifically did I say that was dumb?

[urbanrealtor]

[quote=macromaniac]Urban,

“Since Everyone” is doing it must mean everyone is right…oh yea…I forgot maybe I will go buy one of these tomorrow. Typical Realtor talk…dumb. I bet you were saying the same thing two, three, four, years ago…there not making any more land..better get a place before you miss out…

Here is a question for you Mr. bring data guy…your smart enough for this one…what effect is job losses going to have on home prices in 9 months? How about almost everyone I know getting pay cuts of 10 to 15% at major corporations, bonuses cut, on and on…..oh yea….but everyone is doing it….dumb. [/quote]
To define terms:
“everyone” refers to all arm’s length buyers in that complex.
I was describing an observable fact, not a directing a course of action.
These observable facts help to guide someone who wants to know what it will cost to buy there. Not sure how that is either “dumb” or inaccurate as you have implied.
I agree that it would be stupid to buy above your means (especially after a pay cut) but nobody was talking about that.
Thats just a straw man.
The question was what this complex was selling for.
As far as my predictions for 9 months from now:
I don’t have a crystal ball.
Do you?
What specifically did I say that was dumb?

[urbanrealtor]

[quote=macromaniac]Urban,

“Since Everyone” is doing it must mean everyone is right…oh yea…I forgot maybe I will go buy one of these tomorrow. Typical Realtor talk…dumb. I bet you were saying the same thing two, three, four, years ago…there not making any more land..better get a place before you miss out…

Here is a question for you Mr. bring data guy…your smart enough for this one…what effect is job losses going to have on home prices in 9 months? How about almost everyone I know getting pay cuts of 10 to 15% at major corporations, bonuses cut, on and on…..oh yea….but everyone is doing it….dumb. [/quote]
To define terms:
“everyone” refers to all arm’s length buyers in that complex.
I was describing an observable fact, not a directing a course of action.
These observable facts help to guide someone who wants to know what it will cost to buy there. Not sure how that is either “dumb” or inaccurate as you have implied.
I agree that it would be stupid to buy above your means (especially after a pay cut) but nobody was talking about that.
Thats just a straw man.
The question was what this complex was selling for.
As far as my predictions for 9 months from now:
I don’t have a crystal ball.
Do you?
What specifically did I say that was dumb?

[urbanrealtor]

[quote=macromaniac]Urban,

“Since Everyone” is doing it must mean everyone is right…oh yea…I forgot maybe I will go buy one of these tomorrow. Typical Realtor talk…dumb. I bet you were saying the same thing two, three, four, years ago…there not making any more land..better get a place before you miss out…

Here is a question for you Mr. bring data guy…your smart enough for this one…what effect is job losses going to have on home prices in 9 months? How about almost everyone I know getting pay cuts of 10 to 15% at major corporations, bonuses cut, on and on…..oh yea….but everyone is doing it….dumb. [/quote]
To define terms:
“everyone” refers to all arm’s length buyers in that complex.
I was describing an observable fact, not a directing a course of action.
These observable facts help to guide someone who wants to know what it will cost to buy there. Not sure how that is either “dumb” or inaccurate as you have implied.
I agree that it would be stupid to buy above your means (especially after a pay cut) but nobody was talking about that.
Thats just a straw man.
The question was what this complex was selling for.
As far as my predictions for 9 months from now:
I don’t have a crystal ball.
Do you?
What specifically did I say that was dumb?

[urbanrealtor]

[quote=gandalf]Uptick is temporary. Unemployment is the driving factor at this point. Impossible to sustain growth in housing in a bad job market.[/quote]

How crappy is San Diego’s job market?

I thought it was better than most of the state.

[urbanrealtor]

[quote=gandalf]Uptick is temporary. Unemployment is the driving factor at this point. Impossible to sustain growth in housing in a bad job market.[/quote]

How crappy is San Diego’s job market?

I thought it was better than most of the state.

[urbanrealtor]

[quote=gandalf]Uptick is temporary. Unemployment is the driving factor at this point. Impossible to sustain growth in housing in a bad job market.[/quote]

How crappy is San Diego’s job market?

I thought it was better than most of the state.

[urbanrealtor]

[quote=gandalf]Uptick is temporary. Unemployment is the driving factor at this point. Impossible to sustain growth in housing in a bad job market.[/quote]

How crappy is San Diego’s job market?

I thought it was better than most of the state.

[urbanrealtor]

[quote=gandalf]Uptick is temporary. Unemployment is the driving factor at this point. Impossible to sustain growth in housing in a bad job market.[/quote]

How crappy is San Diego’s job market?

I thought it was better than most of the state.

[urbanrealtor]

Re rentals in the west Hillcrest area:
The rents support the purchase prices in most of the units in that area. I lived there for a long time and really wish I had money to buy something sensible there now.

Re Atlas:
The thing about the DR Horton projects is that they don’t lose value much because they lend their own money.
The primary factor in erosion of value–shorts and reos on comps–does not exist because they have the prerogative to renegotiate any deals. That is why their other project (La Boheme in North Park) has had almost no repos or distress sales (look it up: 3957 30th and 3950 Ohio). Almost every resale there has been on one of the cost-controlled “affordable housing” units (in quotes because it is ironically named).

Re Macro:
Dude, the “don’t even think” part really seems to be the primary thrust of your posts. They are poorly researched and often facile. Since everyone is paying more than $350/sf in that complex and about $385/sf in that zip code, the whole $100/sf is just silly. “everyone else bring data”

[urbanrealtor]

Re rentals in the west Hillcrest area:
The rents support the purchase prices in most of the units in that area. I lived there for a long time and really wish I had money to buy something sensible there now.

Re Atlas:
The thing about the DR Horton projects is that they don’t lose value much because they lend their own money.
The primary factor in erosion of value–shorts and reos on comps–does not exist because they have the prerogative to renegotiate any deals. That is why their other project (La Boheme in North Park) has had almost no repos or distress sales (look it up: 3957 30th and 3950 Ohio). Almost every resale there has been on one of the cost-controlled “affordable housing” units (in quotes because it is ironically named).

Re Macro:
Dude, the “don’t even think” part really seems to be the primary thrust of your posts. They are poorly researched and often facile. Since everyone is paying more than $350/sf in that complex and about $385/sf in that zip code, the whole $100/sf is just silly. “everyone else bring data”

[urbanrealtor]

Re rentals in the west Hillcrest area:
The rents support the purchase prices in most of the units in that area. I lived there for a long time and really wish I had money to buy something sensible there now.

Re Atlas:
The thing about the DR Horton projects is that they don’t lose value much because they lend their own money.
The primary factor in erosion of value–shorts and reos on comps–does not exist because they have the prerogative to renegotiate any deals. That is why their other project (La Boheme in North Park) has had almost no repos or distress sales (look it up: 3957 30th and 3950 Ohio). Almost every resale there has been on one of the cost-controlled “affordable housing” units (in quotes because it is ironically named).

Re Macro:
Dude, the “don’t even think” part really seems to be the primary thrust of your posts. They are poorly researched and often facile. Since everyone is paying more than $350/sf in that complex and about $385/sf in that zip code, the whole $100/sf is just silly. “everyone else bring data”

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