I’m thinking about my kids now. If I were to stay here, I’d be putting them through this same BS decision unless San Diego housing prices dropped substantially.
Have we EVER run accross that in desirable cities in America? Detroit dropped off the map price wise but that’s place is a slum. Florida, vegas, and Pheonix come to mind as of late, but San Diego is hanging in there 5 yrs after the bust and is still priced ridiculously. But, really, can I expect San Diego to be more affordable in 20years when my kids are looking to buy? I don’t see that happening.
In the best case scenario, if SD dropped 25% from here, would I wish this on my kids? 25% off is still an obnoxious # in the big scheme of things. If I stay here the best case scenario is my kid will need to afford a quarter million dollar home to stay by their family, and raise my grandkids with me in town.
Scardy, did you take this into consideration when you bought. I gave is some passing thought, but the #’s are still horrendous in the best case, now that I really consider it. I’m setting my kids up for financial failure by staying in San Diego!
