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anonymous
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| 10/02/2007 2:34 PM |
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| you have 3 days to cancel your purchase. That would be today |
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WTF
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| 10/02/2007 2:36 PM |
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| ok newbie... give me stats bed/bath /sq ft and price paid |
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sd
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| 10/02/2007 2:36 PM |
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| Wow I was checking the Uptown Hillcrest forums here and can't believe how shoddy the workmanship on those condos was. Plastic tubs and sinks, people falling through floors, garage exhaust going into units. When you consider that La Boheme is clearly higher quality than THAT, and that Uptown folks often paid more than $500,000 for their units, while La Bohemians paid 200,000-400,000's for much better quality, I think it's hard to fault anyone for buying at La Boheme, despite the current market slowdown. For those who remember, La Boheme condos were considered great deals when they went on the market preconstruction. In those days you could get a nice top-floor vaulted ceiling 2 bedroom still in the $300,00's. At the time anything decent downtown was going for well over 600,000 and up to a million. I personally remember checking out a "loft" across from the police station downtown in those days. It was a single room less than 500 sf with a raised sleeping area and a view of a brick wall, and they wanted $450,000 for it. Considering La Boheme had 2-bedroom top floor lofts of nearly 1000 sf with sweeping views, balconies and roof decks, it quickly became clear to many what a great deal La Boheme was. Which is why so many people bought pre-construction and why those people are still happy that the auction prices weren't too different from what they paid then. |
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newbie
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| 10/02/2007 2:37 PM |
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| Why would I do that when those figures don't reflect the unique qualities of my unit that were mentioned before? |
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WTF
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| 10/02/2007 3:17 PM |
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| Unique features bring minimal $$ on an appraisal. It's all about sq ft. If you gonna keep bragging about how great a deal you got. Throw up you stats or shut up... Wishing something is true does not make it so. |
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newbie
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| 10/02/2007 3:52 PM |
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| WTF you obviously don't know squat about San Diego real estate, or any real estate for that matter. Tangibles like views, height of ceilings, lack of common walls, floor level, number of outdoor spaces like balconies and roof decks: those all make a big difference in an appraisal. You see La Boheme is different than a lot of condo complexes because there are so many unique floor plans, so what happens to the value of one floor plan won't necessarily happen to a totally different floor plan with a whole different set of unique qualities. The top-floor penthouse units and first floor units (with huge private porches) at La Boheme are in a different class than the others, and the top floor corner units are in a different class beyond that. |
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Anonymous
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| 10/02/2007 4:02 PM |
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I found a unit at La Bohome that sold on resale for less than its purchase price from DR Horton. Hardly an example of the building holding up value.
3950 Ohio St #428 SAN DIEGO CA 92104
1 beds, 1.0 baths, 694 sq ft;
12/29/2006: $300,800
04/06/2007: $280,000
$20,800 loss + holding costs + transaction costs.
For some reason this unit does not show on SDlookup but it does show on the County sales database. |
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anon2
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| 10/02/2007 4:04 PM |
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| Ive seen that on Zillow too... Some people had mentioned that they thought that may have been one of the Low-Income reserved units.. |
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sd
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| 10/02/2007 4:09 PM |
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| It's also a 4th floor unit, not one of the 5th floor penthouse loft units. Everyone knew the 3rd and 4th floors wouldn't gain value as fast because they lack the unique features of floors 1-2 and 5. |
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user
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| 10/02/2007 4:16 PM |
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| sd has a point. you can't decide what is going to happen to an entire complex based on what has happened to just one or some units in the complex. especially when a complex has a diversity of floorplans and features from unit to unit. |
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CYB
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| 10/02/2007 4:26 PM |
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Floorplans dont mean jack, unless they're so poorly designed that they become a negative factor. Square footage is much more important. Surely, penthouses and private patios/balconies are a plus. But to say that your floorplan is unique within the building doesn't mean anything to a buyer. I can show you some unique 600sqft-ers over at Soup Corner, as well as plenty of people who consider it special.
For real though, let's see some numbers newbie. |
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anon
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| 10/02/2007 4:30 PM |
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| You're gonna have a hard time selling a loft with a guest bath as a 2nd bedroom. Are there walls that separate it and provide privacy? Is it still overlooking the living/dining room/etc? Yes, your bathroom will be an improvement to the floorplan, and I hope you can get more than you paid. But it still sounds like a 1/2 + loft or den. |
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cyb
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| 10/02/2007 4:40 PM |
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http://www.sdlookup.com/Property-7B0720A5-3957_30th_406_San_Diego_CA_92104#5565
la boheme hits craigslist |
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newbie
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| 10/02/2007 4:42 PM |
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| The loft is set back plenty from the living room that it overlooks and it is impossible to see what anyone is doing in the loft from downstairs. It's a good loft setup. The loft space is actually larger than the master bedroom downstairs, even after adding the guest bath. |
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user
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| 10/02/2007 4:45 PM |
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| Well it looks like he's not just talking floorplans, but also some very valuable SD housing market feature, like unobstructed views, lack of common walls and private outdoor spaces. Anyone in real estate can tell you those command higher prices, even in a soft market. Guaranteed. |
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CYB
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| 10/02/2007 4:52 PM |
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newbie
I enjoy scheudenfreude as much as the next guy. Especially when its anonymous. But you're getting quite a ride here today and I'm starting to feel sorry for you. Why dont you check out what some of the experts, pessimists and optimists, have to say. A lot of the perspectives here are more News than they are Opinion. Honestly.
http://patrick.net
http://piggington.com
http://housingpanic.blogspot.com/
http://bubbletracking.blogspot.com/
Take a night and read the entire front page of patrick, then each of his follow-on pages (Why Its A Terrible Time To Buy, et al). Poke around through piggington, pay close attention to the charts that depict ~18 months of inventory and a Great-Depression-like downturn that is imminent. For some humor, check out Real Homes Of Genius.
Also, let's see those numbers on your place.
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anon
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| 10/02/2007 4:55 PM |
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How tall is La B?
As I remember, it was 5-6 stories?? This is hardly worthy of an 'unobstructed views' tagline. |
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sd
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| 10/02/2007 4:59 PM |
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| I've been in many of the top floor units at La Boheme. Depending which one you are in, you can see, unobstructed, to the eastern mountains, Tijuana, Coronado Bridge and some of downtown skyline, fog just over the ocean and the Seaworld Fireworks. It's only 5 stories high, but North Park is already set at a high elevation. Heck you can even see Tijuana from certain corners of Balboa Park, so imagine how much better a view you get 5 stories above that. The views are quite unexpected and typically surprise first-time visitors. |
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anon
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| 10/02/2007 5:01 PM |
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| Good point. |
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Uptown
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| 10/02/2007 5:04 PM |
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| Wow those views rock compared to the best views at Uptown. We get the Ralphs shopping center and the Post Office as our views. Haha. And I think a lot of us paid a bit more than you guys did. Oh well you gotta appreciate what is good about where you live. There will always be some negatives but there are also positives to appreciate. For example, we can walk to any number of cool restaurants and shops. I guess you can too from La Boheme, just a little bit different atmosphere. I love going back and forth between the neighborhoods, since I have friends in both, and I have a great time in both places. In a way they complement each other in a positive way. |
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