[quote=bearishgurl][quote=KristopherSD][quote=FormerSanDiegan]You are missing a key piece of information:
What are you current paying in rent.[/quote]
I currently pay less than $850 once split with my girlfriend to live in a small one bedroom cottage two blocks from the beach and restaurants in a nice area. Unfortunately we don’t have any laundry on site and no garage, but we’re making it work and can continue to do so for the next few years. Every rent vs. buy calculator tells me to keep renting forever at this rate.
I’ve also considered condos as some have mentioned, but don’t really like the reliance on others if the HOA goes to hell or issues arise. However i’ll keep an open mind as there are some nice condos for reasonable prices throughout San Diego in my price range.[/quote]
Kris, $1700? is very reasonable rent for a cottage two blocks from the beach with restaurants/retail, etc within walking distance. You likely aren’t going to get even five miles from the beach if you end up buying. If you have reliable street parking available that you don’t have to constantly fight over, I would stay put if I were you. Especially, if you like living near the beach.[/quote]
It’s actually $1250 for our place, I pay a greater proportion as I make a decent amount more than my significant other. In my mind it’s hard to beat that rent even without the nicer amenities. Hopefully this will allow me to bide my time and wait to purchase until the opportunity for a good fixer upper appears.
