Campbell
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| 09/26/2007 3:25 PM |
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The building looks ghostly despite the messages around here that move-ins are to start next month. I noticed less "sold" signs than I remember seeing just six months ago.
Is the builder offering incentives for buyers to not walk away from their deposit?
I like that the building is concrete and has a sweet hot tub on the roof, but this is a location that is not getting any better...in fact by the looks of city planning with recent low income units going up here and some "soupy" developments right in the building, location looks like it's getting worse.
The sales folks must be serving up a soup-spoonful of spin to be selling any of these units. |
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Anonymous
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| 09/26/2007 3:47 PM |
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I can find any listing of escrows that have closed at 1080 park bl.
Can't wait to see what people paid for those units.
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Anonymous
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| 09/26/2007 3:58 PM |
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http://www.sdlookup.com/MLS-076037937-1080_Park_Blvd_709_San_Diego_CA_92101
A bunch of listings now on the MLS
1080 PARK BLVD. #709 SD - Downtown, 92101 $260,900 - $260,900
1080 PARK BLVD. #915 SD - Downtown, 92101 $814,900 - $814,900
1080 PARK BLVD. #1004 SD - Downtown, 92101 $475,900 - $475,900
1080 PARK BLVD. #403 SD - Downtown, 92101 $321,900 - $321,900
1080 PARK BLVD. #516 SD - Downtown, 92101 $460,900 - $460,900
They are overpriced tiny units. You can do much better buying a resale.
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SCbuyer
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| 09/27/2007 12:17 AM |
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Posted By n/a on 09/26/2007 3:47 PM
I can find any listing of escrows that have closed at 1080 park bl.
Can't wait to see what people paid for those units.
I closed almost a month ago.........I've yet to come across a bowl of soup..........haha.....freakin idiots.
It's obvious you ladies can't afford this place.......so you feel the need to bash it.......pretty sad actually. |
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Anonymous
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| 09/27/2007 12:34 AM |
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If you're so confident of your purchase, care to you tell us you're unit purchase price and sf? We can track it and see how it does value wise in the next couple of years.
I can afford to live almost anywhere downtown. SC is very low on my list. Unlike you I'm not one to throw away my money on pride of ownership.
If were the idiot who bought, I'd come to terms with my bad decision and learn from it. Denial doesn't help you overcome obstacles in life. |
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Anonymous
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| 09/27/2007 7:12 AM |
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| I believe move-ins started earlier this month. |
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Politeness Man
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| 09/27/2007 7:51 AM |
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[quote] It's obvious you ladies can't afford this place.......so you feel the need to bash it.......pretty sad actually.[/quote]
Pretty sexist, and an old-school insult at that. Can you afford to insult more than 50% of the world's population? |
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Progresso
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| 09/27/2007 9:14 AM |
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I just ran a financial analysis and low and behold, I can afford this place if I eat free soup 6 times per week. This is possible under Soup Corner's "Soup HOA program", which is inclusive of cable, water, insurance, and soup.
Happy times!
BuyerSC, I'm a ladie! Can you believe this is possible in this day and age, that a ladie can afford a condo? How do you like them apples? We're neighbors. Let's go get some chicken noodle together and talk about modern equality. |
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Soupy NoSales
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| 09/27/2007 10:28 AM |
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| Hey SC Buyer better hurry up your soup is getting cold it's temperature is dropping almost as fast as the value of your overpriced and undersized rats nest.We are saving you a big bowl of your favorite flavor Sour Grapes Consomme! |
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Jimbo
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| 09/27/2007 7:50 PM |
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SOUP! You know this could actually be a positive for Soup Corner. If they can get the soup nazi from the Seinfeld episode to run the soup kitchen, everything will be ok. It will be orderly and efficient, and if people start to cause a problem, NO SOUP FOR YOU!!!
Will the people who rent units at Soup Corner be entitled to free soup or is this perk limited to owners of the units? |
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Downtown fan
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| 10/02/2007 5:39 PM |
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SC Buyer -
Affordability is a "hot" topic. Potential buyers are "hungry" for a good deal. Many owners are in the "thick" of mortage rate resets. Homeowners are being squeezed and are "down to their last bite". The inventory of unsold homes is very "hearty" while the real estate market is not very "liquid", and prices are "cooling", causing would-be sellers to "spill-over" into foreclosures.
This all "boils" down to a soupy situation for recent buyers like yourself. |
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Soupy Rentals
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| 10/05/2007 7:03 AM |
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| Can you hear it? All the Soup Corner Owner's screaming because their equity is in a free fall? I suppose the units that are going to be rented by the developer will only add to their misery. |
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anon
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| 10/05/2007 1:36 PM |
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| When did they announce they'd be renting units? |
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Soupy Rentals
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| 10/05/2007 10:30 PM |
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| The sales office in the building will also be handling the rentals. Apply now to get the best unit available. If their rental rates are anything like their home prices, it will be too overpriced for the market. |
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Jimbo
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| 10/07/2007 9:34 AM |
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| Did anybody go to the sales office to find out the psf to rent a unit at Soup Corner? |
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anon66
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| 10/07/2007 10:33 AM |
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| no really, I love women.. really. hahahahaha |
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Economist
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| 10/18/2007 5:24 PM |
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Now that the city council approved moving the city's homeless shelter just three blocks away from Soup Corner, I predict that the demand for free soup will rise.
I also predict that condo values have an inverse relationship to soup demand. |
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Anon
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| 10/18/2007 9:39 PM |
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Source: CCDC News Digest
Regular Meeting of the
Centre City Development Corporation (CCDC)
Wednesday, October 17, 2007
BOARD RECOMMENDS ADDITIONAL FUNDING FOR FIRST-TIME HOMEBUYER PROGRAM (Areawide)
The Board recommended that the Redevelopment Agency authorize an additional $1,200,000 for the downtown first-time homebuyers program to go toward the 25 units at the Smart Corner condominium project, set aside specifically for first-time homebuyers. The program provides funding to assist moderate-income, first time homebuyers to buy their first home downtown. Qualified buyers can obtain a maximum $75,000, 30-year, zero-interest loan with no payments for the first five years. Per the Development Agreement, the Agency is required to provide loans to eligible buyers of the 25 units at Smart Corner priced within the program’s restrictions. The San Diego Housing Commission administers the program and four loans have been given out since the program’s inception. |
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Anonymous
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| 10/18/2007 10:27 PM |
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People need to know that affordable housing programs from the housing commission have string atttached. It's not a free gift for buyers to make "instant equity."
There are restrictions such as equity sharing to keep the units affordable to future owners.
Considering the crashing nature of real estate right now, a lower-income buyer should wait it out and purchase a unit at the trough using traditionally means. That way, they can enjoy 100% of the future appreciation. That would be the best way to move up the property ladder over a lifetime.
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Anonymous
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| 10/18/2007 10:31 PM |
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I think that it's great that there will be more lower-income folks moving downtown. More people living downtown, will make the area more vibrant and interesting.
However, it's not good for property values at Smart Corner. It brings the building down a notch in terms of pricing. Having subsidized housing withing a building will put a cap on appreciation as this building will never be considered "luxury" despite the recent advertizing.
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