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XBoxBoy
ParticipantIs Mr.Khelil’s math right? Seems to me if oil is trading at $115 and the value of the dollar falls 1%, it should now cost 1% more (in dollars) for a barrel of oil. My math tells me that 1% of $115 is $1.15. I might be off a couple of cents, depending on exactly how you calc the 1% decline, but certainly not $4. Am I missing something? Where did Mr. Khelil get the $4 figure from?
XBoxBoy
ParticipantIs Mr.Khelil’s math right? Seems to me if oil is trading at $115 and the value of the dollar falls 1%, it should now cost 1% more (in dollars) for a barrel of oil. My math tells me that 1% of $115 is $1.15. I might be off a couple of cents, depending on exactly how you calc the 1% decline, but certainly not $4. Am I missing something? Where did Mr. Khelil get the $4 figure from?
XBoxBoy
ParticipantLajolla-pig,
If it did get an offer for 1.5 that’s really crazy.
There have been a number of sales, in the 1.5 range that are better places, and I can think of several places on the market in that range that are much better deals than this place at 1.5.
But after watching the la jolla market for the last couple of years I can tell you that there is no limit to people’s foolishness.
Having said that, I will still stick to my original commentary, which is that there is a good bit of softening, and even some serious pain (ie loss of capital) in La Jolla.
XboxBoy
ParticipantLajolla-pig,
If it did get an offer for 1.5 that’s really crazy.
There have been a number of sales, in the 1.5 range that are better places, and I can think of several places on the market in that range that are much better deals than this place at 1.5.
But after watching the la jolla market for the last couple of years I can tell you that there is no limit to people’s foolishness.
Having said that, I will still stick to my original commentary, which is that there is a good bit of softening, and even some serious pain (ie loss of capital) in La Jolla.
XboxBoy
ParticipantLajolla-pig,
If it did get an offer for 1.5 that’s really crazy.
There have been a number of sales, in the 1.5 range that are better places, and I can think of several places on the market in that range that are much better deals than this place at 1.5.
But after watching the la jolla market for the last couple of years I can tell you that there is no limit to people’s foolishness.
Having said that, I will still stick to my original commentary, which is that there is a good bit of softening, and even some serious pain (ie loss of capital) in La Jolla.
XboxBoy
ParticipantLajolla-pig,
If it did get an offer for 1.5 that’s really crazy.
There have been a number of sales, in the 1.5 range that are better places, and I can think of several places on the market in that range that are much better deals than this place at 1.5.
But after watching the la jolla market for the last couple of years I can tell you that there is no limit to people’s foolishness.
Having said that, I will still stick to my original commentary, which is that there is a good bit of softening, and even some serious pain (ie loss of capital) in La Jolla.
XboxBoy
ParticipantLajolla-pig,
If it did get an offer for 1.5 that’s really crazy.
There have been a number of sales, in the 1.5 range that are better places, and I can think of several places on the market in that range that are much better deals than this place at 1.5.
But after watching the la jolla market for the last couple of years I can tell you that there is no limit to people’s foolishness.
Having said that, I will still stick to my original commentary, which is that there is a good bit of softening, and even some serious pain (ie loss of capital) in La Jolla.
XboxBoy
Participantawombadavis wrote:
“Is a clean $1M 2000sqft SFR with a back yard ocean view too much to ask for?” – I don’t think that’s going to happen… the 800 sq. ft. no view Bird Rock homes aren’t going under $1 million, so I think your scenario is too much to ask for.
Ummmm… actually….. this is happening. (Well at least darn close)
Several little bird rock homes have sold for under a mil in the last year or so. Here’s one that sold for under $900k:
http://www.sdlookup.com/Property-BFE8C89D-5835_La_Jolla_Hermosa_Ave_La_Jolla_CA_92037
and I believe there are others, although I don’t have time to try to dig them up.And you want a more than 2000sqft SFR with back yard and ocean views for less than a mil?? Well, 1034 La Jolla Rancho Rd went pending a week or so ago after being offered for $999,000. ( MLS#: 086024374) That’s a 2418 sq ft house with ocean views and a pool. (Not sure how big the back yard is, but it’s a 10,100 sqft lot.) I ran past the place when it first hit the market on my morning run, and while it’s no beauty, I’ve seen far worse. (If zillow is to be trusted, it looks like the bank bought it back for $1,753,769 – Ouch that’s gotta sting!) Of course, the pending price isn’t always the sales price, and so it could easily have gone for more than a mil, we’ll have to wait until it closes to know.
But, the point of this thread, and the point of my response, is that things in places like La Jolla are showing a lot bigger cracks than people want to admit.
Participantawombadavis wrote:
“Is a clean $1M 2000sqft SFR with a back yard ocean view too much to ask for?” – I don’t think that’s going to happen… the 800 sq. ft. no view Bird Rock homes aren’t going under $1 million, so I think your scenario is too much to ask for.
Ummmm… actually….. this is happening. (Well at least darn close)
Several little bird rock homes have sold for under a mil in the last year or so. Here’s one that sold for under $900k:
http://www.sdlookup.com/Property-BFE8C89D-5835_La_Jolla_Hermosa_Ave_La_Jolla_CA_92037
and I believe there are others, although I don’t have time to try to dig them up.And you want a more than 2000sqft SFR with back yard and ocean views for less than a mil?? Well, 1034 La Jolla Rancho Rd went pending a week or so ago after being offered for $999,000. ( MLS#: 086024374) That’s a 2418 sq ft house with ocean views and a pool. (Not sure how big the back yard is, but it’s a 10,100 sqft lot.) I ran past the place when it first hit the market on my morning run, and while it’s no beauty, I’ve seen far worse. (If zillow is to be trusted, it looks like the bank bought it back for $1,753,769 – Ouch that’s gotta sting!) Of course, the pending price isn’t always the sales price, and so it could easily have gone for more than a mil, we’ll have to wait until it closes to know.
But, the point of this thread, and the point of my response, is that things in places like La Jolla are showing a lot bigger cracks than people want to admit.
Participantawombadavis wrote:
“Is a clean $1M 2000sqft SFR with a back yard ocean view too much to ask for?” – I don’t think that’s going to happen… the 800 sq. ft. no view Bird Rock homes aren’t going under $1 million, so I think your scenario is too much to ask for.
Ummmm… actually….. this is happening. (Well at least darn close)
Several little bird rock homes have sold for under a mil in the last year or so. Here’s one that sold for under $900k:
http://www.sdlookup.com/Property-BFE8C89D-5835_La_Jolla_Hermosa_Ave_La_Jolla_CA_92037
and I believe there are others, although I don’t have time to try to dig them up.And you want a more than 2000sqft SFR with back yard and ocean views for less than a mil?? Well, 1034 La Jolla Rancho Rd went pending a week or so ago after being offered for $999,000. ( MLS#: 086024374) That’s a 2418 sq ft house with ocean views and a pool. (Not sure how big the back yard is, but it’s a 10,100 sqft lot.) I ran past the place when it first hit the market on my morning run, and while it’s no beauty, I’ve seen far worse. (If zillow is to be trusted, it looks like the bank bought it back for $1,753,769 – Ouch that’s gotta sting!) Of course, the pending price isn’t always the sales price, and so it could easily have gone for more than a mil, we’ll have to wait until it closes to know.
But, the point of this thread, and the point of my response, is that things in places like La Jolla are showing a lot bigger cracks than people want to admit.
Participantawombadavis wrote:
“Is a clean $1M 2000sqft SFR with a back yard ocean view too much to ask for?” – I don’t think that’s going to happen… the 800 sq. ft. no view Bird Rock homes aren’t going under $1 million, so I think your scenario is too much to ask for.
Ummmm… actually….. this is happening. (Well at least darn close)
Several little bird rock homes have sold for under a mil in the last year or so. Here’s one that sold for under $900k:
http://www.sdlookup.com/Property-BFE8C89D-5835_La_Jolla_Hermosa_Ave_La_Jolla_CA_92037
and I believe there are others, although I don’t have time to try to dig them up.And you want a more than 2000sqft SFR with back yard and ocean views for less than a mil?? Well, 1034 La Jolla Rancho Rd went pending a week or so ago after being offered for $999,000. ( MLS#: 086024374) That’s a 2418 sq ft house with ocean views and a pool. (Not sure how big the back yard is, but it’s a 10,100 sqft lot.) I ran past the place when it first hit the market on my morning run, and while it’s no beauty, I’ve seen far worse. (If zillow is to be trusted, it looks like the bank bought it back for $1,753,769 – Ouch that’s gotta sting!) Of course, the pending price isn’t always the sales price, and so it could easily have gone for more than a mil, we’ll have to wait until it closes to know.
But, the point of this thread, and the point of my response, is that things in places like La Jolla are showing a lot bigger cracks than people want to admit.
Participantawombadavis wrote:
“Is a clean $1M 2000sqft SFR with a back yard ocean view too much to ask for?” – I don’t think that’s going to happen… the 800 sq. ft. no view Bird Rock homes aren’t going under $1 million, so I think your scenario is too much to ask for.
Ummmm… actually….. this is happening. (Well at least darn close)
Several little bird rock homes have sold for under a mil in the last year or so. Here’s one that sold for under $900k:
http://www.sdlookup.com/Property-BFE8C89D-5835_La_Jolla_Hermosa_Ave_La_Jolla_CA_92037
and I believe there are others, although I don’t have time to try to dig them up.And you want a more than 2000sqft SFR with back yard and ocean views for less than a mil?? Well, 1034 La Jolla Rancho Rd went pending a week or so ago after being offered for $999,000. ( MLS#: 086024374) That’s a 2418 sq ft house with ocean views and a pool. (Not sure how big the back yard is, but it’s a 10,100 sqft lot.) I ran past the place when it first hit the market on my morning run, and while it’s no beauty, I’ve seen far worse. (If zillow is to be trusted, it looks like the bank bought it back for $1,753,769 – Ouch that’s gotta sting!) Of course, the pending price isn’t always the sales price, and so it could easily have gone for more than a mil, we’ll have to wait until it closes to know.
But, the point of this thread, and the point of my response, is that things in places like La Jolla are showing a lot bigger cracks than people want to admit.
ParticipantSDRealtor- in La Jolla, we’re not seeing what you’re seeing in Scripps. As of this morning, there are 29 pendings, and 198 active sfr listings. There has been some activity recently, but mostly the stuff going pending is stuff that has been priced to sell.
XBoxBoy
ParticipantSDRealtor- in La Jolla, we’re not seeing what you’re seeing in Scripps. As of this morning, there are 29 pendings, and 198 active sfr listings. There has been some activity recently, but mostly the stuff going pending is stuff that has been priced to sell.
XBoxBoy
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