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Irene Valenti claims to be matchmaker for the rich
Looks like the auction was cancelled again... http://www.sandiegoreader.com/users/photos/2017/s…— September 10, 2017 12:24 p.m.
Up to 30 deputy city attorneys terminated
Only 30? :(— September 9, 2017 8:06 p.m.
San Diego no place for greedy home-sellers
Agreed. Any transplants will have to have the cash to pay for the expensive real estate here. They may not even get money for their losses if they did not have flood insurance. When I was an IT manager for a casualty insurance company in San Diego, they expanded to Florida to insure mobile homes. I wonder if they are going to struggle or go belly up with these recent events. A lot of people don't realize you have to have a separate insurance policy for flooding. Insurance will pay for the roof being blown off, but flooding is not covered unless you have a separate "flood policy." Just like in California you have to carry a supplement policy for earthquakes.— September 9, 2017 8:04 p.m.
Two nine-story buildings for Little Italy
I worked on tune seiners in the late 70’s Most of the captains and crews were Portuguese or Italian. Many had homes in Little Italy and Point Loma. Those that invested in commercial property in Little Italy did very well. The irony about the complaints of gentrification is, the developers could not build if those original settlers did not sell their properties for a handsome profit. Why demonize the developers? They bought those lots from original Little Italy residents.— September 9, 2017 8 p.m.
More parking than most Del Mar homes
I have a friend that lived in a small apartment and for 20 years paid for two storage units. She would move “winter” and “summer” clothing and other stuff around. She did not have a garage, but still keeping stuff in storage that long is a waste of money. If you don’t use clothing in three years or other things, it’s prudent to get rid of it rather than pay thousands in storage year after year.— September 8, 2017 3:45 p.m.
San Diego no place for greedy home-sellers
Biotech is hot. Just look at Newlink Genectics Corporation today. It shot p to day 75% on rumors (or news...).— September 7, 2017 10:15 p.m.
San Diego no place for greedy home-sellers
Okay, in all fairness I kept the best for last. That Woodinville home was at that time, “considered rural.” And I liked it because I could drive down East Lake Sammamish Road to Issaquah in 15 minutes. Never did I realize the eastside would become a haven for high tech employees. Like San Jose, Cupertino and other Bay Area locales, the tech industry brings in money and drives real estate values up. I bought a 1600 sq. ft. home and remodeled it to 2600 sq. ft. Added a large greenhouse to raise veggies year-round and poured concrete for an outdoor regulation sized basketball court. The improvements cost about $200,000. So, only because the home was remodeled was I able capture such a gain. One funny thing was that when I bought it for north of $200K, I was contacted by a firm that cut down soft pines and paid for them. So, on my two-acres, I had them cut about $100,000 worth of trees. They hauled off several dozen. So the cost of the home was $225,000 – 100,000 in natural resource removal, the net cost of the home was $125,000— September 7, 2017 9:43 p.m.
Two nine-story buildings for Little Italy
Simple. Just rename it "Big Italy." Where the jets meet the tiramisu.— September 7, 2017 9:19 p.m.
San Diego no place for greedy home-sellers
My mother bought her home in Lemon Grove in 1971 for $20,000 and it is estimated to be worth $480,000 today. Her brother, my Uncle bought his family home in a suburb of Erie, Pennsylvania in 1958 for $6,000 and he just sold it for $72,000. So in 60 years his gain was $66, 000 and my mother’s gain was $460,000 for 46 years is $460,000. When I worked for The Price Company in 1994, I moved to Seattle during the merger of Costco and Price Club. I bought a home in Woodinville, Washington for $225,000. It was on the “Eastside” which is on the eastside of Lake Washington from Seattle, across the floating bridges. At one time it was very rural and I ran into hostilities about being from California and “ruining Seattle.” “You darned Californicator!” The major suburbs of the “eastside” where Redmond, (Microsoft), Kirkland (where Costco once was headquartered and got the Kirkland Signature’s name) and Issaquah (where Costco is headquartered). Bill Gates lives in Medina which is between Bellevue and Kirkland. When Real Networks, Adobe, Amazon and other tech firms grew, so did the local real estate. I sold the $225,000 home five-years later for $900,000. Now, I am perplexed because San Diego is not a tech center or major corporate center. Although Boeing moved its headquarters to Chicago, and presently Amazon is putting out feelers for subsidies to establish a new headquarters in a major city, what does San Diego have? Seattle has Microsoft, Costco, Starbucks, Nordstrom’s, Amazon, Eddie Bauer, Textron-Genie, Boeing, Paccar (trucks), Safeco, Weyerhaeuser, International Paper, a true International Airport, Unisea (Japan seafood that owns Dutch Harbor Island in Alaska), Alaska Airlines, Fred Meyer (the largest local grocer chain), and more. San Diego has Qualcomm (which is embattled now in patent troll disputes) and Sempra Energy. How does San Diego real estate continue to climb? Chinese investors (let’s not forget the Japanese investor collapse that devastated Hawaii real estate for a decade) and other foreign investors. San Diego real estate is being propped up by those willing to pay the sun tax, foreign investors from Mexico and Asia, and the AirBNB phenomenon.— September 7, 2017 9:15 p.m.
Horton Plaza has gone to seed
...Rooftop locations with breathtaking views of the downtown tents on the sidewalks of Island, 16th Street an Imperial Ave.— September 3, 2017 6:43 p.m.