From sddt.com: San Diego County seems to be in the best shape in California and in better shape than most around the United States when it comes to recovering from the recession in terms of residential construction. Jonathan Smoke, executive director of research for...
Thinking of Building?
Remodeler’s Paradise
There are a number of these 1950s-style bungalows throughout Old Carlsbad, many of them occupied by their original owners (and kids who return). I'm not sure she was one of the originals, but the tax-assessed value is $68,049!
Older vs. Tract
If you'd prefer to buy an older house in a prime location, your patience will most likely be tested. Sellers tend to have low, or no, mortgage balance, and they'll only move when they don't have any other choice - plus they love to hold out on price. The houses are...
Cliff May Home Tour
The SOHO home tour is tomorrow, Sunday March 27th - for more information, click here: An unprecedented tour of the first homes built in the over 50-year career of Cliff May, known as the father of the American Ranch House. This is a once in a lifetime opportunity to...
More Are Remodeling
From the nytimes.com: One part of the housing market is experiencing a rebound that will probably continue even if the rest of the market remains sluggish: remodeling. A recent report by the Joint Center for Housing Studies at Harvard University predicted that...
Instant House 4
The youtube tour of the other modular home recently erected in Carlsbad:
FHA 203K Home Improvement
An excerpt from the latimes.com: One viable option, however, is the FHA 203(k) rehab mortgage. This is the Federal Housing Administration's rehabilitation mortgage. It has been a hot ticket for investors who are picking up distressed properties because it allows them...
Buffett’s Modulars & Mortgages
Hat tip to Clearfund for sending this along, from Forbes.com: Last weekend after Berkshire Hathaway released Warren Buffett’s annual letter, there were a flurry of articles and blog posts hanging off Warren’s every word. One part of his long letter that didn’t get a...
Pricing a Modular
How do you price a modular? Are they nice enough that they deserve a new-house premium, or should there be a discount for being "not-stick-built". I think the price that buyers would be willing to pay depends mostly on what's happening around the immediate...
Instant House 2
Angie said that the module installation will be complete by Friday, but it'll take a couple of months to button it up (plumbing, electrical, and all finishing touches):