Doing different math. Back in 1996 one could buy in Clairemont as a starter home w/minimum down.
Today’s numbers. 400k w/3.5 % down (+closing costs) 4.5% x 30 years comes to 1,956 + prop tax 333 + PMI? not sure, about 350? + insurance? 75? comes to about $2,700 a month.
Don’t want to do FHA, which is a high percentage of purchases lately. Even w/%5 down, those numbers work out to 1,925 + 333 + 350 +75 is close to $2,700.
Considering 92117 is not exactly prime SD and lagging school distrcit, I really wonder how many people have almost 100k to put 20% down and closing costs to live in Clairemont.
