Coming Attractions

by | Dec 4, 2009 | Builders, Jim TV, Shadow Inventory, Thinking of Buying? | 11 comments

With resale inventory so limited in the coastal region, we could sure use some new product:

11 Comments

  1. john
    john on December 4, 2009 at 10:43 am

    Construction jobs a comin’ to C-bad!

  2. doughboy
    doughboy on December 4, 2009 at 11:23 am

    I read again today on Yahoo the recession is over! Yippee! The sound of earth movers in reverse is not a lot different than vacant homes fire detectors beeping! Thats a funny little corner there where Lyon is taking over and Davidson is building. Its actually LaCosta Greens HOA there even though its detached from the main part of LCG and attached to Bressi.

  3. The Blur
    The Blur on December 4, 2009 at 11:31 am

    LC Ridge HOA’s are a joke. $250+ for no pool, clubhouse, or anything else. Some nice homes up there, though.

    Jim, I know Bressi Ranch is often the punchline on this blog and others, but how bad can it be? I’ve seen an interior and it looked nice to me. Carlsbad schools too. There’s some huge discounts in there – much more than surrounding neighborhoods. How do you rate Bressi vs Rancho Carillo, LCG, LCV, LCO, etc.? Is LCV $150-200k better?

  4. ocrenter
    ocrenter on December 4, 2009 at 1:27 pm

    in this case the new builder has done their homework.

    they are looking at just $118k per lot. at $100/sqft, a 3500 sqft home would cost them $468k!

    and they’ll try to start at $600k, even if they have to go down to $560k, they’ll still clear $100k per home.

    are you telling me people would not want a 3500 sqft home with Carlsbad address for $560k?

  6. Genius
    Genius on December 4, 2009 at 2:46 pm

    Your tone really changed once you bought a house ocrenter. Great blog back in the day though.

  7. ocrenter
    ocrenter on December 4, 2009 at 2:57 pm

    I was never a permabear. the tone never changed, $170/sqft for Carlsbad, even with San Marcos schools, is a very decent deal.

  8. Genius
    Genius on December 4, 2009 at 4:37 pm

    Fair enough, I’ll give you that. If I could pick up a new 3500 sqft house in the mid 5’s I’d probably do it. Assuming the builders are resigning themselves to 20% margins.

  9. tj & the bear
    tj & the bear on December 4, 2009 at 7:16 pm

    $170/sqft for Carlsbad, even with San Marcos schools, is a very decent deal.

    Hell yeah it is. We’re talking sanity, California-style.

  11. 3clicks from da beach
    3clicks from da beach on December 5, 2009 at 8:37 pm

    Those new Carlsbad areas including Bressi off Pointsettia are too wanna-be pretentious. I wouldn’t spend $550K for a $3500 house in that area. They’ll end up getting bid up anyway. For that price they can have them.

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