Dog vs. Penthouse

Posted on March 16, 2011 | by Denny Oh

red tibetan mastiffIt’s commonly known that a dog is a man’s best friend.  I for one, couldn’t agree more.  Dogs are loyal, loving, entertaining and just plain fun.  I grew up with three German Shepherds and as a kid, I’d often find myself telling my dog(s) about how sad/happy/excited/bored/etc. I was.  Dogs are, well, they’re awesome.

As it turns out, I’m not the only one who feels this way.  According to the British publication, Mail Online, a coal baron just purchased the world’s most expensive best friend.  An 11 month old puppy

named Hong Dong, meaning “Big Splash”, was just purchased for 10 million Chinese yuan – that’s over $1,500,000 US dollars!

The breeder said he fed Big Splash chicken, beef, cucumbers and even abalone!  At 180lbs, Big Splash is still growing and is expected to reach up to about 280lbs!  Experts believe that Hong Dong will bring in over $15K per breeding…session(?).

Now I love dogs, but I don’t think I could ever see myself spending $1.5M on one.  Then again, I’m not a millionaire, nor a billionaire for that matter.  However, I could see myself spending a few million on a home here in San Diego.  And the good news is that the high end market is pretty soft these days.  The entry level market seems to have bottomed out, but prices keep declining near the top.

Just recently, a penthouse at The Grande South just had another price reduction, indicating that the sellers are ready to be done with it.  Throughout all of downtown San Diego, there are only 24 active condos for sale with a list price of $1.5M or more(there are some others for sale that aren’t on the MLS though).  These listings are mostly in buildings like The Grande, Pinnacle, Bayside, Sapphire Tower, The Mark and the Harbor Club.  There are other downtown San Diego condos and penthouses in the Meridian, Renaissance, Horizons and the Metropolitan as well.

If you’re looking for a deal, or better yet, you actually want to buy something, let me know.  It probably won’t be as cute as a red Tibetan Mastiff named Hong Dong, but I’m pretty sure it won’t smell as much either.

If you have any questions about San Diego real estate, please call me at 858-243-2092 or email me at [email protected].

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