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patinsd
Posts:40
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| 05/11/2008 8:55 PM |
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| You aren't the crazy one, but I don't blame them for overpricing these things. If I had purchased there already, I'd hope they didn't drop the prices or start leasing the units out directly. I think a developer can decide how to sell its building. I'm no economist, but it seems like keeping the prices above the market prices would just lead to a long time to sell the units. While Aria might sell out their units in two years, Aperture might take 5-6 years. |
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geist
Posts:2
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| 06/03/2008 12:01 PM |
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I just purchased at Aperture and yes, the building is more appropriately 2/3's sold. I wouldn't believe that from a sales person but on the floor I bought I noticed mine and one other were the only unsold units. For people saying that it is overpriced, I agree and I think City Mark agrees too. A word of advice, City Mark considered a very low ball offer and countered just barely higher. If someones willing to pay those top bucks for units then by all means, sell them at that. A serious buyer would offer much much less considering the market. I think that's City Mark's strategy.
All in all the reasons I bought were the location, the value of the particular unit I bought, the building itself is just great looking high quality building, WINDOWS galore, quality and design of common areas. Im yet to see a unit similar to mine on MLS for anywhere near the same price.
I'll be concise and include the weak points. $500 a month HOA for no amenities??? I won't defend this being a good value. I pay that now and have pool, club house, gym, tennis courts, and immaculate extensive landscaping. Location is nice but sort of on the fringes of that big transition zone behind the city core.
This is a HOME not stock equity in some company. I plan on residing there not turning around with the only concern of making money off of it. Real estate got turned into an investment/flipping market. I plan on living here long term, or at least keeping it long term. If you're going to make a place your home, pay whatever it's worth to you. |
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patinsd
Posts:40
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| 06/03/2008 12:28 PM |
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| So Geist - if you don't mind telling, out of curiosity, what did you pay PPSF and when was your offer accepted? |
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stella
Posts:360
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| 06/03/2008 12:55 PM |
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| Is the rooftop of the building a common area for residents? |
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1sttime
Posts:10
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| 06/03/2008 2:39 PM |
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hi geist. thanks for your post. i'm considering buying in aperture as well. just curious...how long is "long term" to you?
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geist
Posts:2
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| 06/03/2008 3:44 PM |
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Long term means indefinite to me. I chose something I can foresee spending the next ten-twenty years in. I don't have plans on selling it. I plan on making it my primary residence in San Diego and if I am interested in purchasing in some other location it would be as a second home or vacation home. I've looked almost everywhere downtown and to be completely sincere, this particular unit was my favorite. I liked it better than places at the Pinnacle, Legend, Mark, Alta, Aria. I did not even consider anything along the train tracks but I did like the layout much better than places in the Grande and Electra. Not to mention the exclusivity of only 82 units. Yeah you get a lot more outside of your residence in those other places but I have a pool and gym now and don't use them enough to pay $300-400/month extra for.
The accepted offer was around $425-430 psq cash. I won't disclose size, price or particular unit, but it was quite a bargain from other prices ive seen and units ive toured in the area.
Stella,
No rooftop deck. The penthouse units have skylights so I don't think there will ever be one though it would be nice. |
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Brian
Posts:2276
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| 06/03/2008 4:22 PM |
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Posted By geist on 06/03/2008 3:44 PM
I liked it better than places at the Pinnacle, Legend, Mark, Alta, Aria. I did not even consider anything along the train tracks but I did like the layout much better than places in the Grande and Electra. Not to mention the exclusivity of only 82 units.
Since you speak so highly of Aperture, I'll be sure to check it out. I've not been there yet.
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sd_down
Posts:10
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| 10/14/2008 8:27 AM |
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| Any new info from Sales at Aperture. Was anyone else able to buy at around 425 to 430 per square foot or make offers around that price? Thanks |
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