Need advice,holiday home home in San Diego
Jul 13th 2007, 12:21 am
#31
Joined: Jun 2007
Posts: 5,276
Re: Need advice,holiday home home in San Diego
I multiply a starting teacher's annual salary in the public system by 4 and see if they can buy the smallest starter home. If they can't, the housing market is overpriced. (Think, though that there may be Scottish genes somewhere in my ancestry.)
BTW, there are many advantages to living in "the dessert". Most places get 9 months crap weather and 3 months good. The desert is the other way round. We also in the most part manage to avoid: hurricanes, tornadoes, flooding, earthquakes, landslides and all the other crap you get elsewhere.
BTW, there are many advantages to living in "the dessert". Most places get 9 months crap weather and 3 months good. The desert is the other way round. We also in the most part manage to avoid: hurricanes, tornadoes, flooding, earthquakes, landslides and all the other crap you get elsewhere.
I bet there is some lovely mountain biking out there. I get what you’re saying. Fortunately I’m not a first year teacher so I’m less concerned about multiplying my salary to figure out what constitutes overpriced. I figure everyone wants (or would like) to live by the beach so the price of home here don’t really go down. There is always some who can afford it and it’s worth the price. As weather goes it is almost always sunny and I don’t use air conditioning in the summer or heating in the winter, save some $$$$ in that respect. Nothing feels better that walking on the beach watching the sunset after a hard day at work.
Jul 13th 2007, 4:23 am
#32
Joined: Mar 2003
Posts: 68,280
Re: Need advice,holiday home home in San Diego
Thousand of Brits spend 6 months wintering in Florida every year ..
Jul 13th 2007, 5:11 am
#35
Payed up premium member
Joined: Aug 2004
Location: The desert
Posts: 2,327
Jul 14th 2007, 3:28 am
#37
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Location: The desert
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Jul 14th 2007, 1:56 pm
#39
Lost in BE Cyberspace
Joined: Jul 2007
Location: Cincinnati, Ohio
Posts: 8,497
Re: Need advice,holiday home home in San Diego
And the midwest isn't so bad you know
- 4 distinct seasons, a bit more laid back way of life, fewer pollutants, etc. You can afford a nice home with some land without breaking the bank - which is especially nice when you're just starting out.
Jul 14th 2007, 2:42 pm
#40
Lost in BE Cyberspace
Joined: Jun 2005
Location: Oz -> UK -> San Diego
Posts: 9,912
Re: Need advice,holiday home home in San Diego
Hi,
having spent many hoildays in San Diego,my wife and i have been thinking about buying a condo for when we retire.
We do know the area quite well,but really need to know more about the areas.
We have a budget of £150,000,not really sure what that will get us,so if you can help with Estate agents,letting agents,where to buy a car,shopping etc etc.
Thanks in advance
Lee& Nikki
having spent many hoildays in San Diego,my wife and i have been thinking about buying a condo for when we retire.
We do know the area quite well,but really need to know more about the areas.
We have a budget of £150,000,not really sure what that will get us,so if you can help with Estate agents,letting agents,where to buy a car,shopping etc etc.
Thanks in advance
Lee& Nikki
You can get a one bedroom condo for under $US300K here, in a very nice complex.
2 BRs condos here are about 380-440.
Yesterday I saw a 1Br/1Ba house in Mission Hills for $399K....looks like it needs a little work....
Jul 14th 2007, 3:36 pm
#41
Lost in BE Cyberspace
Joined: Oct 2003
Posts: 22,105
Re: Need advice,holiday home home in San Diego
Jul 14th 2007, 3:47 pm
#42
Lost in BE Cyberspace
Joined: Jun 2005
Location: Oz -> UK -> San Diego
Posts: 9,912
Jul 14th 2007, 3:51 pm
#43
Lost in BE Cyberspace
Joined: Jun 2005
Location: Oz -> UK -> San Diego
Posts: 9,912
Re: Need advice,holiday home home in San Diego
Jul 14th 2007, 5:21 pm
#44
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Re: Need advice,holiday home home in San Diego
I wouldn't buy a condo in San Diego right now. Too much inventory and prices _are_ declining. Here's a link to some interesting charts:
http://piggington.com/june_housing_data
Note the third chart and in particular the Case-Shiller index. This is a far more accurate guage of what is happening because it tracks resales of identical houses. The median is a bad guide at the moment because the sub-prime mortage mess essentially means the bottom part of the market has been decimated in terms of number of sales, thus skewing the "mix" of sales to higher priced property.
I'm also thinking of buying a condo in Southern California but I don't think the time is right. My guess - and of course it is merely a guess - is that this housing decline has a long way to run, perhaps even a few years.
http://piggington.com/june_housing_data
Note the third chart and in particular the Case-Shiller index. This is a far more accurate guage of what is happening because it tracks resales of identical houses. The median is a bad guide at the moment because the sub-prime mortage mess essentially means the bottom part of the market has been decimated in terms of number of sales, thus skewing the "mix" of sales to higher priced property.
I'm also thinking of buying a condo in Southern California but I don't think the time is right. My guess - and of course it is merely a guess - is that this housing decline has a long way to run, perhaps even a few years.
