WHY?

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Submitted by ocrenter on July 8, 2020 - 9:31pm

Who would build a 9300 sqft mansion on a triangular lot bordered by the 5 fwy, railroad track for Amtrak and Metrolink, and power lines?

Was asking for $3.5 million, now discounted to $2 mil!

https://www.redfin.com/CA/San-Juan-Capis...

Submitted by svelte on July 9, 2020 - 8:12am.

While that is the worst home of the bunch, there are 7 other homes on that little strip of land, all brand new in an HOA. That someone talked a lender into that is amazing.

None of them have sales records that I could find, but some of them look like someone lives there. All very curious.

Those will be fun to watch!

Submitted by Coronita on July 9, 2020 - 9:03am.

I'll offer $199,999.99

Submitted by sdrealtor on July 9, 2020 - 9:42am.

Future Pigg Playhouse?

Submitted by evolusd on July 9, 2020 - 3:11pm.

DOT for $1.6M by private party on this parcel. What a bust.

Submitted by svelte on July 9, 2020 - 4:07pm.

evolusd wrote:
DOT for $1.6M by private party on this parcel. What a bust.

Is that for the one house or all 8 in the HOA?

Submitted by ocrenter on July 9, 2020 - 5:51pm.

sdrealtor wrote:
Future Pigg Playhouse?

The realtor did say “Possibilities for a Senior Home Care...” ;-)

Submitted by sdrealtor on July 9, 2020 - 11:54pm.

ocrenter wrote:
sdrealtor wrote:
Future Pigg Playhouse?

The realtor did say “Possibilities for a Senior Home Care...” ;-)

Hey you! Get off my damn lawn

Submitted by ocrenter on July 10, 2020 - 6:48am.

sdrealtor wrote:
ocrenter wrote:
sdrealtor wrote:
Future Pigg Playhouse?

The realtor did say “Possibilities for a Senior Home Care...” ;-)

Hey you! Get off my damn lawn

Or in this case, get off my railroad track!

Submitted by scaredyclassic on July 10, 2020 - 10:02am.

The sound of a train is soothing. Its beautiful. You know the johnny cash song, folsom prison blues. Beautiful. When i hear that lonesome whistle, i hang my head and cry. The train will become like another member of the family. Beautiful meditative rhythm. It will be so integrated, soon it wont even be noticed, except perhaps in the stillness of the night, drinking a glass of port on the back patio, youll think, that is a gorgeous sound, the sound of life moving forward. Tell your kids its thomas the tank engine theyll love it too

The freeway traffic hums you to sleep. Thats true. Ask anyone near a freeway. It seems bad, but its actually a positive . Obviously also good freeway access increases the value of your home.

Power lines are safe. Ill get you the science to back it up. Power lines are a good thing, they scare away dumb people who normally bid too high!

Ppsf is low. A steal! You will not find another place this gorgeous at 214 a square foot.

Ive never wanted to be a real estate agent but i have an urge to try and sell this house. Many lawyers are basically salesmen, but i generally prefer trafficking in ideas, not dirt. This place though, needs a real advocate. At the right price i might buy it.

I have friends in nyc who lived right next to roaring elevated subway traffinic. And they were happy to be there!

Its a gorgeous building in a beautiful county that everyone in the world wants to live in, who believe me live next to actually hortible things, not signs of a good civilization, like trains, but real nastiness, its being given away at less than cost to build! You cannot lose in the long run with a property like this. You look into the future youll see too, the quote unquote negatives on this place are net positives, youll double, triple your money 20 years out and you will live in paradise! Your home will basically cost you nothing to live in.

Submitted by svelte on July 10, 2020 - 9:49am.

You can tell you're a lawyer, scaredy - you can sell anything!

I tend to dislike background noise, whether it be a road, train, or other. I like nice quiet morning where all I hear are birds. And I have that at my house.

On the other hand, if I'm just visiting (hotel, etc) highway noise is just fine and actually acts as white noise to help me sleep.

Trains. My son's first college apt was right up against RR tracks. I remember the first time we visited. it was like that scene in Blues Brothers where the entire apt shook. He saw the fear in our eyes as the train went by. He and his roommates smiled and shrugged. Didn't bother them.

To each their own.

My parents moved after I left home to a house that backed up against a highway. It was extremely noisy in their back yard. If that was OK with them, fine. But they also had a layer of filth that would cover everything in the back yard. You could clean it off and within a day or two it would be back. I believe it was tire particles and brake dust and I think studies show that to be the case in the immediate vicinity of major roadways. My mother died of cancer while living in that house. I always wonder if that would have happened had they picked another house.

When we bought our first new home, we toured the models of the development and then sat down with the agent to pick a lot. I noticed that one home was significantly more expensive than the others for no reason I could tell. I asked the agent why that was. She said because there were no homes behind it. I said, "yeah that's because it backs up to a FOUR LANE ROAD!". She just smiled. I think she agreed with my perspective.

Submitted by scaredyclassic on July 10, 2020 - 10:01am.

Theres no way in hell id live next to a freeway.

I could live with the train.

We almost bought a place with power lines in the yard. So cheap. I really wanted it but my wife was freaked out. On balance, probably better we passed tho i was sad at the time. Because it was so cheap!!!

Submitted by Coronita on July 10, 2020 - 10:30am.

I am going to wait for a below 2% 30 year at no cost no fee. I have a feeling it's coming.

Ideally we will see a slight housing correction along with a continued decline of mortgage rates. I'm not holding my breath but one can dream.

Submitted by sdrealtor on July 10, 2020 - 11:00am.

Have a client in escrow with VA loan. It's 2.25%. We aren't far off

Submitted by scaredyclassic on July 10, 2020 - 11:25am.

one of the beautiful things about the lockdown was just the clean air, the cessation of consumption for consumptions sake, the brakes on capitalism. Could low rates be a similar event? There is nowhere for money to grow, except in its own supply, more of it, to try to entice people to grow and consume, but no, they've had enough? or is it justa temporary blip? At 2.% on the 30, figure the 15 year might be 1.625, buy it down with a couple points to below 1%. Sign me u p for that deal. i too feel that there's at least a 50% chance that comes our way, within the next 120 days

Submitted by ocrenter on July 10, 2020 - 5:51pm.

sdrealtor wrote:
Have a client in escrow with VA loan. It's 2.25%. We aren't far off

WOW! I’m sitting at 3.875% resisting the temptation to refi. I think I’ll wait a bit longer...

Submitted by ocrenter on July 10, 2020 - 6:14pm.

scaredyclassic wrote:

I have friends in nyc who lived right next to roaring elevated subway traffinic. And they were happy to be there!

beautifully written, I'm sold!

I agree, everything truly is relative and perspective is everything. Then svelte hits with his perspective and everything is truly put into the proper perspective.

Submitted by ocrenter on July 10, 2020 - 6:16pm.

svelte wrote:

My parents moved after I left home to a house that backed up against a highway. It was extremely noisy in their back yard. If that was OK with them, fine. But they also had a layer of filth that would cover everything in the back yard. You could clean it off and within a day or two it would be back. I believe it was tire particles and brake dust and I think studies show that to be the case in the immediate vicinity of major roadways. My mother died of cancer while living in that house. I always wonder if that would have happened had they picked another house.

When we bought our first new home, we toured the models of the development and then sat down with the agent to pick a lot. I noticed that one home was significantly more expensive than the others for no reason I could tell. I asked the agent why that was. She said because there were no homes behind it. I said, "yeah that's because it backs up to a FOUR LANE ROAD!". She just smiled. I think she agreed with my perspective.

first sorry for your loss.

second, I think you are 100% spot on. the evidence on malignancy and dementia from pollution is quite overwhelming.

Submitted by Coronita on July 10, 2020 - 6:26pm.

Ocrenter, unrelated I hope all is going well for you, glad to see you back. Hope you are staying safe and healthy.

Submitted by ocrenter on July 10, 2020 - 9:11pm.

Coronita wrote:
Ocrenter, unrelated I hope all is going well for you, glad to see you back. Hope you are staying safe and healthy.

Battle gearBattle gear

Thanks for asking flu. Doing well and trying my best to “thrive”.

(Faceshield checked, N100 industrial mask checked, cloth washable mask overlay checked, precalling patients to minimize contact time, gloves and hand washing and universal precautions)

Submitted by svelte on July 10, 2020 - 9:12pm.

I just want to say thank you all for being here and contributing to these conversations.

Deep, polite, thoughtful conversations are all too rare on the internet now.

Thanks Rich for making this possible.

Submitted by kcal09 on July 10, 2020 - 10:38pm.

Location, location, location!
Nobody in the right state of mind would spend so much money on a lousy location like this!

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