[quote=all]Few SD/OC upper middle class workers would be interested in a house that costs less than $400K unless they are looking for a rental. I see only one non-contingent SFR’s in PUSD with asking price under $400K. It is a 1000sf shack in a working class Poway neighborhood.[/quote]
all, that’s because you’re “stuck” on shopping ONLY within the PUSD where its incompetent school board has made p!ss poor borrowing decisions which will end up causing the county assessor to raise taxes on EVERY landowner within it to pay off the bonds they took out at exorbitant usurious interest rates. These poor decisions could also very well end up bankrupting the City of Poway.
Not to mention that the temperature there is routinely 8-15 degrees hotter than metro SD for several months per year.
If you “broaden your horizons” a bit, you will find decent well-built family homes in decent areas of SD County which are not overtly encumbered (as those areas are within the PUSD) for under $400K.
Yes, even today.
OR, you can continue to shop ONLY within the PUSD and line up at the trough with dozens of your sheeple brethren (many obviously ignorant as to the actual long-term fiscal condition of the school district and city) to up-bid each other on every piece of property in sight to far beyond what it will actually ever be worth.
