I love Chula Vista.
Did you know it is the fastest growing city
in the nation right now?
Property values have skyrocketed,
at least in Hilltop.
Hope you're happy in Idaho... it's beautiful there.
My son is taking advantage of the high growth rate by selling lots of real estate in Chula Vista. Eastlake was built on the area that I used for off-road motorcycling in high school. The strip mall at I-805 and H street was built on top of one of the best hill climbing spots in the area. The bikers called it "Peppertree" in honor of the tree growing half way up the hill. I think the hill and the tree are still visible behind the strip mall.
Property prices have skyrocketed. I don't confuse high price with high value. $400,000 buys you a dwelling in a high crime neighborhood. $700,000 is the floor for the quality of neighborhood I would tolerate.
Value is a measure of quality of goods received for the money paid. I'm sitting in a 3900 sq ft house on 1/3 acre with a nice view. Every house in the neighborhood is a minimum of 3500 sq ft. Most are closer to 5000 sq ft. Low crime. No gangs. No traffic. Recently appraised at $185,000. That is a good value.
My last house in Mira Mesa is now priced at $400,000. It is 1334 sq, 4 br, 2 ba on 1/4 acre. Problems with Hispanic and Asian gangs. Graffiti. Gunshots at night. Very heavy traffic. Heavy crowding in local retail stores and restaurants. The neighborhood is over 50% renters who don't care for the property as most owner/occupants do.
My mom's house in Chula Vista is 1700 sq ft, 3 br, 2 ba. Recently appraised at $400,000. Drug deals happen often in front of her driveway. Local gangs place graffiti on her nice pink block wall. The traffic on L street enroute to/from Southwestern College causes lots of noise.