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Anon
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| 07/18/2007 8:35 PM |
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| Sounds like a wise decision Mateo. I agree if they are unwilling to negotiate on price in this market, laughable is correct! |
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anon66
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| 07/18/2007 10:20 PM |
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| Hi Mateo. My experience talking with the sales reps at Solara last month was different. They didnt mention any PPP and said they were not offering any incentives. This was fine with me as my focus is a reasonable price. I liked the rep I was dealing with. They spent a lot of time with me on multiple visits. I decided to wait on a purchase. Unless, of course, my RE can neg.a very reasonable price. I may try that around Sep. I would be very surprised if they raised prices. With interest rates on the rise, I'm sure prices will be forced down in this already unaffordable market. |
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Anonymous
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| 07/18/2007 10:32 PM |
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| What are you guy thinking?!! We are only in the beginning of the downturn. San Diego is down but The OC and LA are still up there.
It's not time to buy anything until there's a statewide recession. You buy only during recessions and sell at the peak. That's my motto. |
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arraya
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| 07/18/2007 11:26 PM |
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| Yes it is the beginning of a very long painful cycle for the industry. Now is not the time to buy..... |
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Anonymous
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| 07/24/2007 10:23 AM |
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| Has anyone moved in here yet? |
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Zerosandiego
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| 08/01/2007 11:34 AM |
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I am about to do it on Friday.
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LJ
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| 08/01/2007 12:09 PM |
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Zero,
Are you one of the first to move in? What is your unit like? It's an interesting project so please keep us updated on how it's going there. |
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Jimbo
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| 08/02/2007 10:08 PM |
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| What did you pay per square foot? |
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elcortez
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| 08/08/2007 9:03 PM |
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| anybody know wat's going on at solara? was jogging by the other day and still could only see 7 or 8 sold signs. can we look forward to some nice rentals? really liked the units and location but was disapointed with the common areas,looked like they where cutting curners,some stuff looked downright cheap. will have to go and take look at ALTA,now THATS a nice entry lobby! |
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Jimbo
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| 08/09/2007 1:23 PM |
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| I would imagine the bank is in the process of taking this dump back. |
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Anon5
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| 08/09/2007 1:50 PM |
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| I'm curious as a potential reseller of a DT condo...you distinguish developments based on the quality of the entry lobby? |
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elcortez
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| 08/09/2007 7:12 PM |
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| well,i have not seen the units yet but the lobby usually gives a indication of the quality of the building a.i. finishes and design.so yes, it's part of the deal. if i spend 700k plus hoa i expect to get my moneys worth |
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Anonymous
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| 08/09/2007 8:44 PM |
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I agree with elcortez. $700/mo HOA should pay for a nice lobby. I'd rather have the money going to the building than in the pocket of the property manager (that's probably giving a kickback to the builder that selected him).
Sorry for the sarcasm but I've seen too much funny business to not be wary of every real estate transaction. |
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Anonymous
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| 11/13/2007 6:27 AM |
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| Any updates on sales at Solara? |
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anon
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| 01/29/2008 2:42 PM |
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I laughed out loud when I saw this one. Nearly $1.2m for Solara Lofts. You could get the same square footage at better prices in Grande, Harbor Club or Electra.
http://www.sdlookup.com/MLS-081005978-1551_4th_Ave_803_San_Diego_CA_92101 |
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24k
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| 01/29/2008 4:45 PM |
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I hate that building. It reminds me of some kind of bomb shelter... still too much like an office. Adaptive reuse can be cool if done properly – clearly not the case here.
I can’t fathom living here at any price! $1.2 Million is astronomical. I wish there were pictures… I would love to see what that kind of money gets you there. Are the floors covered in 24K gold?
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anon
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| 01/29/2008 4:54 PM |
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| I don't mind the look so much as the location. Its directly on some busy streets, there is very little nearby and no real views. All the disadvantages of urban living with none of the advantages. |
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stella
Posts:361
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| 01/29/2008 5:00 PM |
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| I know some people that live there and like it a lot. I like reuse type of places but thought the finishes here came up short and off target for the building. I'd still buy here at the right price... |
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anon
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| 02/11/2008 3:28 PM |
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Posted By n/a on 04/02/2007 7:09 PM
I am seriously considering buying a unit in this building. Overall, I think this building represents a great value...especially compared to some other buildings in the area (e.g. aLoft, Discovery). The finish is top-notch, with hardwood floors standard throughout, stainless appliances, etc....things you would generally have to "upgrade" to in other projects. Additionally, most units get 2 side by side parking spaces....no tandem or stacked BS.
One mind-easing feature is the Price Protection Plan (PPP). The way this works is that when you sign your contract to buy, the builder identifies two "tracking units" that are similar to your unit. You are shown the current asking price for those units and if they end up selling for less, the difference is automatically applied to your pricipal. That's a pretty sweet deal, especially considering that it never expires...it is in effect until the building is completely sold out.
Of course, in reality, the prices are likely not going to decrease. If the seller really wants to unload some units, he will probably include additional incentives. Regardless, it's a nice plan and I haven't seen anything like it at any of the other developments.
I visited Solara over the weekend and asked about the Price Protection. The sales agent didn't acknowledge it. She has only been there a few months. Is it still being offered? Can someone send me a copy of the old version?
sandiego67@gmail.com
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Brian
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| 05/20/2008 3:58 PM |
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So it looks like prices at Solara dropped to $357/sf + 6% rebate.
That sure submarines the prices of the current listings.
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FROM UT Article:
One person who bided his time was Lou Ascione, dean of arts and humanities at City College in downtown San Diego. He moved here in October, having sold his home in Rancho Cucamonga, and waited for prices to fall dramatically in the downtown condo market.
“They didn't really drop,” he said, but the concessions on new projects improved.
Tomorrow, he plans to move into the second floor of the 77-unit Solara Lofts, a former office condo project at Fourth Avenue and Cedar Street. He bought a 1,134-square-foot unit for $404,900, but his lender is rebating 6 percent of the price, more than covering his 5 percent down payment.
“That was wild,” he said. “I didn't believe it was correct.” |
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