[quote=bearishgurl][quote=yellowS2K](…)Suppose we could always low-ball them and see what happens, but I doubt the market in LJ is that soft. We’ve actually kept an eye on the LJS area for awhile (…). If we could buy there, though, wife would get a Segway to commute to work (seriously, she would). There was one (http://www.redfin.com/CA/La-Jolla/8322-Sugarman-Dr-92037/home/4881369) that just showed up as sold for $1.112m, so maybe it’s within reach.[/quote]
yellowS2K, why don’t you keep your eye on this area?? The properties within it will keep their value FAR BETTER than CV (and outliers) newish and new tracts. Even if you have to take a slightly smaller house in 92037, it is a MUCH BETTER INVESTMENT than the new construction you’re looking at and FAR more convenient for your spouse. In addition, for the one week per month you are out of town, your spouse can use the YMCA for daycare. (…)Even if you had to pay smallish HOA dues, you could likely qualify to purchase a less-expensive property on the east side of LJ Scenic Drive, where HOA(s) prevail.
IMO, if your young family “lands” in this little northern pocket of LJ, I don’t believe you’ll ever be sorry for this decision (or wondering if your “newly-constructed house,” will begin to lose value “straight out of the gate”) as you would with CV new construction. The property values in LJ are long-established.
Just my .02.[/quote]
I totally agree with BG. I’d wait for something to come up there that’s within your range rather in CV – even if it’s a smaller house with 4 bdr and there is some HOA. You just can’t beat the NO commute, and walking distance to one of the best schools in the county. In that location, yes, your wife can come home for lunch if she wants to.
One more point – UCSD has an excellent day care center – ECEC (early childhood education center).
A realtor should be able to pull up the houses in LJ (particularly in LJ Scenic Dr area) within your range that sold in the last months to give you a better idea about your chances of finding something suitable in there. There aren’t that many of them, I am sure.
Your wife could bike, it’s often done by many UCSD employees – a bike is much easier to deal with, navigate and park it and such.
