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Anonymous
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| 08/17/2007 1:35 PM |
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I'm waiting for when the building formally opens. That will give all the statistics we need to know to see the viability of SC.
With the credit market implosion, my bet is that 1/2 of the buyers with deposits won't be able to close escrow and make good on their commitments.
SC will open soon, so hold your horses for another couple of months and we'll have plenty of information to discuss.
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BuyerSC
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| 08/17/2007 4:16 PM |
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Posted By n/a on 08/17/2007 7:39 AM
I believe the developer would like to find 250 more people like BuyerSC. The developer could finally make his 50% profit on the building.
And you mean what by this Jimba??? |
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Downtown fan
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| 08/17/2007 4:25 PM |
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BuyerSC -
Let me translate, Jimbo called you a sucker. I usually feel guilty experiencing schadenfreude, but reading your belligerent, unitelligible posts makes me happy that you sunk your net worth into Smart Corner.
Enjoy! :) |
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WTF
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| 08/17/2007 4:27 PM |
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| OK, there are no good prices today. Unless you can buy it for the same price you can rent it. It is not good! We have a long long way before bottom. |
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Mike
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| 08/18/2007 1:02 PM |
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buyer SC - You are either 13 yers old or you have something very wrong with you mentally to be posting such childish crap....who talks like that?
Admin - can you remove this clown? this site is trashed with every post of Buyer SC. just another good reason to stay away from Smart Corner i guess
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Jimbo
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| 08/18/2007 2:41 PM |
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| Why doesn't the sales team use any actual photos of the units for sale instead of the 4 year old artist rendering of the building and roof top deck? |
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Possible Buyer
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| 09/12/2007 4:29 PM |
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Is it really a homeless kitchen, is there a difference with one that is only for seniors, since this one is for seniors, and is that a disaster for equity. I would think that there has to be a disclosure for this type of kitchen, 2 free meals, medical and legal help.
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Oh boy
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| 09/12/2007 5:01 PM |
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| Possible smart corner buyers have more to worry about a soup kitchen opening up across the street. You also may want to consider that we are going through the biggest RE crashes that the city has ever seen. Just food for thought... |
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Anonymous
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| 09/15/2007 11:19 PM |
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Here's a Smart Corner listing on Craigslist.
#1205 will be interesting to watch to see how much it eventually closes at.
http://sandiego.craigslist.org/rfs/422563383.html
To: Prospective Buyer–Studio Condo at Smart Corner, Downtown SD, CA Date: August 2007 Subject: Studio Condo Unit #1205 at Smart Corner In August 2004 my wife had an idea to purchase a studio condo at Smart Corner for my 23-year-old daughter. Our intent was to get her started in the San Diego real estate market generating up-front equity. We were able to get in on the earlier phases when it was limited to first time buyers only, with many other restrictions. Our purchased price is at $258,644 (at earlier phases) my down payment is $7,760 held within escrow. Smart Corner wanted to eliminate investors that would rent out the units or re-sale the units in a short period of time for a profit. Smart Corner studio condo description: - Address is 1080 Park Boulevard, SD, CA 92101 Unit #1205 - 460 - 480 sq. ft. - Walk out balcony (left you see downtown / right you see south bay) - 12th floor facing north over looking Balboa Park - Award winning design for Urban Living - Underground parking - East Village, across the street from SD City College - First time buyer’s qualify for free interest on $80,000 loan for the first 5 years (TBD) - The trolley runs through the building connecting you to the ballpark and downtown - Escrow close Summer 07 (Construction is just about completed and move-in has started) - Monthly HOA fee of $400 approx. will include a lot: o Loaded Cable TV o High speed internet o Some Utilities / Garbage / water/ sewer o Building Insurance o Security o Top floor pool / spa / recreation o Parking o Building maintenance SINCE THEN: - Wife left the marriage, un-announced July, 05 - I lost my job August 06. (I am still unemployed to date) - And my dog died (sounds like a country western song) but it’s all true. - My daughter married Jan. 07 and moved to LA - The unit can now be rented from the owner - No timeline limit for resale of the unit The same unit (12th floor and higher) in current phases are selling for $288,00 - $316,00 depending on the floor level. This gives the buyer of my daughter’s unit built-in (up-front) equity. Even in today’s market. Due to my current un-employment status and divorce, I am willing to release this unit simply by accepting the current down payment of $7,760. You obtain your own financing for the balance and closing costs through your own agentcy or through Smart Corner and again you maintain the equity gain to-date. Call for an appointment to tour Unit #1205 and the building complex. Contact Smart Corner - Sales Manager Cerise Aguilar: 619-546-5835 / 619-546-5840. Let Smart Corner know you have received this information from me. Sincerely, Randy H. Riecken: 3381 Ecochee Avenue – San Diego, CA 92117-4512 Home / Fax (858) 272-2760, Cell (858) 449-2760, E-Mail Address rriecken@san.rr.com
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Anonymous
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| 09/15/2007 11:27 PM |
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$550/sf is not a deal. It's way overpriced.
That man should have his daughter and her husband pay him back for deposit since he put it in for her.
He was gambling on "up-front equity" and lost. $7,760 is a small price to pay for a life lesson.
The funny thing is that he still believes in "built-in" equity. If' it's such a good deal, why doesn't he tell his friend and relatives. They shoudl be kissing his feet to be given instant profit.
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Anonymous
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| 09/15/2007 11:31 PM |
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Here's another Craigslist listing for Smart Corner. Why do you need an agent to post an CL for you? Aren't they supposed to do some actual work to earn their commission?
This unit will probably languish on the market for years.
http://sandiego.craigslist.org/apa/422538274.html
Brand new Smart Corner condo with extra large balcony! Wood floors in the living area and upgraded throughout. 1 underground parking space. Located in great area of downtown with easy trolley access and walking distance to Petco and the gaslamp. Pets considered on case by case basis.
Unit available October 1st
Rent: $1600
Deposit: $1650
Credit Application Fee: $35
Pet Deposit if Applicable
San Diego's Best Property Management
619-696-7368
www.SanDiegoBestRentals.com
1080 Park Blvd |
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anon
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| 09/17/2007 9:50 PM |
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Wow on Craigslist already. Shouldn't such a great condo in a great locale practically fetch its own renters. With only one parking space and pets allowed on a "case by case" basis, I can only imagine how many Craigslisters he'll be turning away.
I guess beggers can be choosers. |
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downtown fagle
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| 09/18/2007 8:00 PM |
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Posted By n/a on 09/18/2007 10:15 AM
I am broke and hungry by the middle of each month trying to keep up payments on my Smart-Corner shoe box sized condo.I am looking forward to my free daily tepid bowl of gruel from the S.C. soup kitchen MMMMMM!
I have no life but to post idiotic comments on this thread.....trying to be 10 different posters......can you say loser:)
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aon
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| 09/18/2007 9:41 PM |
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While he may be a loser, he has a wonderful point. I moved downtown for a bit of the glitz, although just a bit - this is a pretty lame-o downtown overall. Far from NYC, LA, Vegas, etc.
But nothing says glam like a soup kitchen in my building. |
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