I’m imagining that the cheapest unit will have to be an apartment-style, 2br/2ba and about 850sf in the back of the complex where you’ll get trucks rumbling below, and the trains behind you? For around the mid-$300,000s?
I think there will be takers at that price point, as long as the fees are under $400/mo.
But shouldn’t that be it?
If they are reasonable on pricing, they could sell out quick, with the lack of inventory in downtown Encinitas. They’d be better off, because they’ll need to close more than 50% of them concurrently to qualify for Fannie/Freddie financing – if they learn the lesson from the builders of Vantage Point:
A 500k townhome right next to Thomas the train??? WTf is right Jim!
On the other hand, you could get fresh bread every morning…
more than 350/sqft to live there in an apartment, give me a break jim
I’d love to be near “Whole Paycheck”, but the stoplights and the train–not so much…
Some of the city council members and candidates are pushing for “wayside horns” to make the trains a lot quieter and boost the value of the railroad condos.
In Del Mar, the wayside horn project is being privately funded, but in Encinitas, developers get whatever they want at taxpayer expense. Especially when the developer, John DeWald, is a supporter of Mayor Dan “loans for votes, appliances for votes” Dalager.
All it needs are a few ice-cream trucks.
Has anybody else noticed that ice-cream trucks have significantly reduced operations? It used to be on a summer weekend day we would get 4 different trucks working my neighborhood, sometimes they would even pass each other on the same street. I would know them by the different music each one played.
I think there is maybe one truck working my neighborhood now, and I rarely see even that one anymore….
I also no longer see the Mexicans pushing shopping carts full of various items like shaved ice and blowing horns through the neighborhood.