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twocents
Posts:92
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| 10/06/2008 3:11 PM |
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| Wilson, I expect at least drinks and a couple appetizers if I don't get into a bidding contest with you!! :D |
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Brian
Posts:2628
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| 10/07/2008 10:00 PM |
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#2802's owner is a broker who should have known better.
1199_Pacific_Hwy_2802_San_Diego_CA_92101
Notice that almost all his listings are his own upside down properties. Those properties have been sitting for over 1 year already while the carrying costs are mounting.
This is a an experienced broker. Imagine the investments of the inexperienced Realtors out there.
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wilson
Posts:670
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| 10/07/2008 10:35 PM |
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Brian
How dare you call me a nice guy! Are you trying to kill my reputation? Maybe we do have a bit in common. I have some stock exposure but have most of my assets in CDs, moneymarket funds, annuity/insurance arbitrage, and my house I am readying to sell. Better lucky than good.
twocents,
Here's the deal: I likely won't buy until winter 2009, so you have the market to yourself until then. I'll buy everyone at SDlookup a drink if I ever get the Grande 1-bed at $295k. |
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Brian
Posts:2628
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Brian
Posts:2628
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| 10/10/2008 11:40 AM |
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Pending, on and off the market. Now back again.
Careful if you base a purchase on pendings. You most likely will live to regret it.
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Brian
Posts:2628
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| 10/15/2008 5:05 PM |
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These sellers sure are getting a rude awakening as the carrying costs mount.
The listing history shows how the concept of value evolved over time.
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wilson
Posts:670
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| 10/15/2008 7:17 PM |
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| Wow, unit 2205 listing says: "furnishings negotiable." I love the orange and lavender furniture. Sign me up!!!! |
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Brian
Posts:2628
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| 10/20/2008 2:49 PM |
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Lowered again.
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rentingman
Posts:448
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| 10/20/2008 3:15 PM |
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| On the bright side, if this faces West you do not need to worry about your view being obstructed in the medium run. I imagine the Navy project is continually being postponed. I also doubt there are people lining up to buy the Condo-Hotels the Manchester group envisioned selling. |
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Brian
Posts:2628
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Brian
Posts:2628
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wilson
Posts:670
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| 11/06/2008 6:39 PM |
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| Sea level will have to rise substantially for all owners at the Grande to be under water, 30+ stories. |
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Brian
Posts:2628
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wilson
Posts:670
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| 11/11/2008 12:46 PM |
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Ohhhhhhhhhhhhhhhhhh. hehehe
I saw 1703 listing. Only $10k price drop under other 1-bedroom units currently listed. I was hoping for bigger drop under what 3404 listing price of $499k. |
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rentingman
Posts:448
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| 11/11/2008 3:57 PM |
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Do you mean unit 2204 at $499. I say the bank owners of 1703 and 2204 are in a race. First one to $399 sells. The 2nd one sells for between $350 and $375.
Considering at $399 the interest, tax, and HOA payment is between $3,500 and $4,000 and the rent for $2,000 the person who buys it for $399 is getting an amazing deal. Will be a truely privelaged member of the Bosa family. |
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stevemetro
Posts:6
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| 11/11/2008 5:03 PM |
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| Boondoggler makes some good points about Brian...been reading these posts for quite some time and am disappointed in the likes of the Brians of the posts...sure, there are lots of negatives about the market...but there are also positives...and I don't mean the "freeloader attitude" that Brian exhibits when he chats up his lifestyle at the owner's expense...it's abundantly clear that perhaps Brian's lifestyle consists of being online 24/7... Quite a life Brian !! How about using your time here in more positve ways helping people who have questions, rather than the constant negativity...you do appear to have a brain. |
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wilson
Posts:670
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| 11/11/2008 7:49 PM |
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#2903 is also listed at $499k, I believe. I expect next 1 bedroom to sell at lowest at $450k.
I don't forsee any 1-bedromm selling below $400/sf at any point ($360k). |
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wilson
Posts:670
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| 11/11/2008 8:07 PM |
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| Correction: #1903, not 2903. |
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Brian
Posts:2628
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| 11/11/2008 8:10 PM |
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Posted By stevemetro on 11/11/2008 5:03 PM
there are lots of negatives about the market...but there are also positives...and I don't mean the "freeloader attitude" that Brian exhibits when he chats up his lifestyle at the owner's expense.
How about using your time here in more positve ways helping people who have questions
Freeloader? I pay market rate like everybody else.
This is not a sales forum were posters answer sales questions with "it's always a good time to buy".
I hope that my posts shine some light on some of the more opaque aspects of real estate.
Now, how about YOU spend some time answering questions rather that focusing on me. I've answered many questions. How about you?
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lurknomore
Posts:271
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| 11/12/2008 8:43 AM |
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| Stevemetro--If SDLookup purports to be "San Diego's Premier Real Estate Marketplace," and if a marketplace is a meeting place for (potential) buyers and (potential) sellers, where are the postings from (potential) sellers here?
Isn't it obvious that this site is dominated by renters trying to justify their lifestyle; potential investors trying to "talk down" the market; political/economic/social malcontents; public-spirited people like Wilson, tpc, me, and a few others trying to "correct" the excesses we see here; and, yes, even a few people who are trying to buy a residence? |
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