Mosquito Fish

Written by Jim the Realtor

July 26, 2011

Do you want to see these?

22 Comments

  1. lgs

    Give ’em hell, Jim. People are broke, banks got too many properties, and it’s not 2005 anymore–folks looking at these aren’t oohing and ahhing, they’re calculating how much it will cost to heat and fix ’em. Whose got $850k to spend on a mediocre property that no one believes will be appreciating any time soon?

    If you keep up the irate ambivalence you may be dubbed the Honey Badger of North County real estate. Got a 4,000 square foot track home for sale? Jim Klinge don’t care.

    http://www.youtube.com/watch?v=4r7wHMg5Yjg

  2. Josie

    Don’t quit showing them. We want to know what’s going on out there

  3. JRB

    Jim – are declining sales numbers a leading indicator of declining prices?

  4. Peter

    Wow…another McMansion. And you have the pleasure of commuting on the 15.

    Looks like the bank/realtor called a pool service to make then water experience more inviting.

  5. W.C. Varones

    4Closure Ranch!

    I thought you were supposed to get more property living that far inland.

    Neighbors looking into your master suite does not equal happy life.

  6. enplaned

    Compare to the house that Tom Tarrant is currently renovating. I know they’re not in the same category, but his house has a lot less space and a heck of a lot more character and style, and for a lot of folks, both of those are positives.

  7. Jim the Realtor

    are declining sales numbers a leading indicator of declining prices?

    Yes, back in the old days; but who knows now?

    We’re going to have so many habitual listers that roll out the same old bag to the curb every year, hoping this is their time to get lucky. Add the short-sellers who are really the anti-sellers.

    There has never been so little pressure to sell.

    Nobody’s hurrying to move up quickly when squishdown seems so likely, and the banks don’t care if you stay for free for years, so it’s down to the occasional transferee that might actually be motivated to sell.

  8. Jim the Realtor

    I thought you were supposed to get more property living that far inland.

    If this were 3,000sf with bigger yard it would be more appealing to most.

    HOA + MR = $372/mo, about half of Del Sur.

    92127 sales history in the under-$1,250,000 category between Jan-June:

    2005: 168 sales, $324/sf
    2006: 151 sales, $316/sf
    2007: 148 sales, $298/sf
    2008: 140 sales, $264/sf
    2009: 150 sales, $245/sf
    2010: 189 sales, $258/sf
    2011: 164 sales, $249/sf

    You can see that sales and pricing are in step with each other, except for 2009 when things turned – rising sales counts was a leading indicator, and pricing lagged behind.

    The 92127 zip includes Santaluz. In the first half of 2011 there were 45 of 199 sales that were over 4,100sf.

    Can we call the 3,400-4,100sf houses mid-range? The 92127 mid-ranger first-half sales in 92127:

    2005: 39 sales, $322/sf
    2006: 32 sales, $316/sf
    2007: 41 sales, $329/sf
    2008: 35 sales, $276/sf
    2009: 31 sales, $234/sf
    2010: 49 sales, $254/sf
    2011: 32 sales, $242/sf

    Of course, I say that these big bombers are less desirable, but will that stop somebody from buying at $207/sf, thinking they got a bank deal? No.

  9. LM

    Funny, I gave Jim’s speech to my wife around 2004…plain jane cookie cutter McMansions…..”I am tired of looking at them- Does anyone even know how much 800K is??!!”

    I then simply left the market in 2005.

    Now Jim provides the same mind-set….but for different reasons.

    Pretty interesting times indeed.

  10. Ray Ong

    I have not interest in the big bombers either. A nice house with 1500-2000 sguare feet, a decent yard and a nice view would would win hands down over this.

  11. Sean

    I’m with JtR on the non-value proposition offered by this McFixer, but Ray Ong and others are delusional about who the buyers are and what their alternatives are. No one with 2, 3 or 4 children can happily live in 2000 sq. ft. or less, which is why the tract builders rolled out so many 4 and 5 bedroom McMansions. Some are better, some are worse, but they exist to fill a demand. Of course, there was more demand when the lenders wanted to help you steal their money back in 2005-2007.

  12. LM

    CORRY, Pa. (AP) — Police say a northwestern Pennsylvania woman tried to smother her adult son then attempted suicide after setting fire to her home with a foreclosure notice.

    The Erie Times-News reports 47-year-old Eve Shreve was arraigned Tuesday on charges including attempted homicide and arson in the March 18 fire in Corry.

    Police say Shreve’s husband told officers his wife had admitted setting the fire using foreclosure papers received the day before and then attempted to kill herself. Investigators say medical records support their case.

    Corry Police Chief Fred Corbett says authorities also determined the two small fires were intentionally set.

    Shreve was released on $5,000 bail. A phone call to her attorney rang unanswered early Wednesday.

  13. del mar renter

    Thanks Jim. Good stuff. Keep up the great coverage and comedy relief.

  14. no_techie

    I’m wondering how so many of us managed to live happily in small homes in the 50’s, 60’s, and 70’s. We survived sharing a room with a sibling. Our parents stayed married in spite of typical 4 child family size in a 3 bdrm 1 and 1/2 bath house.

    I’m also wondering how so much of Europe manages to live happily with 1-2 children in 600-800 sq. ft.

  15. Amy P

    “No one with 2, 3 or 4 children can happily live in 2000 sq. ft. or less, which is why the tract builders rolled out so many 4 and 5 bedroom McMansions.”

    We rent 2000 sq. ft. with 2 kids and it’s OK. I’d like a space to put treadmills and a flat screen, but we get by fine without it.

    On the other hand, the sort of 4000 sq. ft. house Jim has been showing us doesn’t really offer 2X the usable space of a 2000 sq. ft. house. Those floor plans are very wasteful and imposing rather than cozy (see Susanka’s book series on The Not-So-Big House”). As Jim said, the big tract homes are just a maze of rooms.

    “I’m also wondering how so much of Europe manages to live happily with 1-2 children in 600-800 sq. ft.I’m also wondering how so much of Europe manages to live happily with 1-2 children in 600-800 sq. ft.”

    Well, a lot of them get by with 0-1 kids. Also, a number of countries have the tradition of small places in the country for the summer, which means that families aren’t really living in 600-800 sq. ft. With really little kids, those small spaces can be really claustrophobic, especially over long winters. I lived in Russia and knew a family of four (grandma, mom, two toddlers) living in a smallish one bedroom apartment, and the mom and grandma were just climbing the walls from their loud and cramped living conditions. I expect things got more bearable as the kids got bigger, but they desperately needed at least one more bedroom.

    I’d personally like a little bit more space, but not so much that I misplace any family members, can’t hear cries for help, or have to make the house my life’s work.

  16. Amy P

    I grew up as one of three kids in a 2-story 1500 sq. ft. house. It felt huge when we were kids, partly because of the two stories, partly because of high ceilings.

  17. Matt

    “No one with 2, 3 or 4 children can happily live in 2000 sq. ft. or less”

    2000 sq ft in a one story house really is a pretty good size. I have 3 kids in about 1500 sqft one story house and it works out pretty well. I honestly don’t think I will ever need more than 2000 sq ft of well laid out house.

    The problem with the mcmansions is that in order to get a house that size you must sacrifice a yard. Why pay all that money for a house with no yard? Why not live in a big condo. Buy two and knock out the wall between.

  18. Josie

    I have to agree that the floor plans in the McMansions are not ideal. You’d think they would’ve figured it out by now. What are these architects thinking? I guess just build a big house w/the cheapest corners possible and charge the highest PSF.

  19. Ray Ong

    The bigger the house, the less you see of each other. That is why I prefer less than 2,000 square feet. A big family mignt need some more. Good design will make the most of the space. There is less to take care of as well.

  20. Peter

    Good goin’ Ray. I live in a wonderful 2180 sq/ft house that was home to a terrific All-American family with Mom, Dad and kids sharing its four bedrooms and four baths. It was custom-built in 1961 and still can hold-up ahead of today’s construction with timeless, classy style. People “back then” didn’t have the plethora of disposable toys, clothing and material items to assuage their conflicted notions of success. And yes, families actually communicated amongst themselves. Now there’s a concept….

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