First Market Test of 2019

by | Jan 12, 2019 | Bubbleinfo TV, Builders, Frenzy, Jim's Take on the Market, Market Buzz, Market Conditions, Thinking of Buying? | 5 comments

I went to the grand opening today of these $2,000,000 tract homes and thought because of the rain that I might be the only one there.  Wrong!  There were hundreds of people – and this isn’t Carmel Valley – not even close:


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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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5 Comments

  1. just some guy
    just some guy on January 13, 2019 at 10:05 am

    Robertson’s Ranch was a steal relative to these….!!

  2. Rob_Dawg
    Rob_Dawg on January 13, 2019 at 12:56 pm

    Escondido adjacent?

  3. Jim the Realtor
    Jim the Realtor on January 13, 2019 at 12:59 pm

    Yes, and glad you said it!

  4. Rob_Dawg
    Rob_Dawg on January 14, 2019 at 11:39 am

    You killed it at 6:35 with “they are just trying to sell square footage.”

    This isn’t poor architecture, this is bad architecture. This isn’t poor anthropometrics, this is bad anthropometrics. This isn’t poor design choices, this is bad design choices.

    Sorry to be so negative seeing as you might be selling one but this looks to me to be a case of spending money in all the wrong ways. In other words; poor value. $2m is not or should not be this. I hope it never is.

    Personally I don’t mind “inexpensive” floor treatments. Several reasons. If you don’t like it, you aren’t paying twice. If you like it, no problem. If you upgrade; probably easy to pull up. Finally, I’m generally impressed with the quality of many “mass market” horizontal surfaces available today. I didn’t import my kitchen floor unless you consider the San Fernando Valley a different country. My General Contractor hated me until he figured out my being a pain was +20% for every future contract on these issues. In short (too late?) as long as the foundation is good the horizontal surfaces are more “useable shrinkwrap” for your house until you make it your home.

  5. Eddie89
    Eddie89 on January 14, 2019 at 3:15 pm

    It seems like the crash of ten years ago is firmly no longer in people’s memories. The smart money is cashing out the overvalued stocks and buying residential real estate! Prices only go up!

    And if they do start going down, the rules have been changed so that nobody gets foreclosed on for many, many years. Banks get bailed out. Interest rates are lowered. And the feds will create as many digits it takes to inflate ourselves out of another catastrophe.

    The new normal, folks!

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