After much consideration, my wife and I started seriously looking for a place in December.
We’ve spent much time running numbers, I created a calculator in Excel to help with the decision making process. It’s been several years and the calculator still says no but, we figured there had to be something that we just weren’t seeing.
We got our loan approval and seriously started to look. So far, what a waste of time.
1) There are only a handful of places that we can even begin to hope to afford on the market.
2) The places that we have come across all have multiple offers. We’re talking day one of listing.
3) There is a bubblie feeling in the air just as there was a few years ago. We don’t want to get caught up in a bidding war for a place that we can’t really afford.
So, I think we have given up once again. We have come to the conclusion that we must be doing IT wrong. We just don’t know what IT is.
I’d like to point out that our search hasn’t been confined the desirable areas. We don’t focus on Carmel Valley, PQ, RB or Scripps.
We’ve considered parts of Chula Vista, Kearny Mesa, and even Santee. We’ve even looked at Escondido and Vista but, then both commutes become rediculous (quality of life).
So, we’ll probably be looking at apartments once again. Even there it seems as though rents have started to creep up vs. what we were seeing October/November of last year.
Oh, my point of all this being that inventory seems to be severely constrained within the county.
