[quote=lepetitangel]Hi Flu,
Thanks for your advice. I’ve seen your posts on various topics and I really respect your opinions.
I agree that 500s~600s are still pretty expensive. However, for supply and demand, it’s hard for the CV housing price to drop?? I like CV cuz my parents have a SFH here since 2004, and I realize in terms of commuting convenience, it’s probably one of the best locations in San Diego. It doesn’t get too hot in the summer, and it’s pretty centralized. I hope the price do come down in the next 6 months although you also said Pardee controls the releases and pricing very well. Sigh…
I checked the school district for Highland Village. K1~6 it’s Del Mar School district while K6~12 it’s San Diequito school district. I read on other forums that San Diequito is not so good. Is that true?
We just got married last year and don’t anticipate to have kids for another 2 years. Basically we’ll be looking at 8+ years from now when we have to send kids to elementary school. I have thought that maybe by then we would sell the townhome we buy now, and buy another SFH. This is based on the assumption that the townhome we purchase for $600K now would go to $650K in 10 years with inflation (how housing traditionally rises in prices). How do you think about that idea in terms of concerns for kids education?
Again your advice is very appreciated.
p.s Do you think the housing double-dip can impact pricing in the CV area this year? I’ve been watching CV and 4S Ranch. If you compare the inventory on sdlookup, both areas have been rising 30~40% in inventory since January.[/quote]
So you aren’t having plans to have a kids anytime soon, and the only reason for living in CV is convenience. It’s even more so why I really think you shouldn’t be buying a townhome in CV, and in this particular location….
The area around Carmel Country Highland where Highland Village is situated is are mostly SFH family with kids….I think you folks would sort of feel out of place and be bored, because while Pardee is trying to build out this area with malls/etc, no telling how long it’s going to take. You will be bored to tears on the weekends if you live in Highland Village, because you will need to drive everywhere to do even the most basic stuff…The closest thing in the short term would be a Vons in Torrey Hills (and it’s not really walking distance from Highland Village)…The other things likes parks/rec center, you probably won’t use until you have kids.
Townhomes in the Del Mar Heights area(older CV) probably would suite you guys better, because it’s more of a yuppie/dinc/young couple scene. We use to live in townhome in Del Mar Heights and it was nice to be able to walk to the theaters/malls/rec-center/library/etc when we had no kid/etc. It was really convenient and it’s a generally young area were there’s plenty of young people…..Then we had a kid, and a more family oriented area….Hence, my second point…
Trust me, when you have 1 kid, you will want a SFH with at least a patio and/or walking distance to a park, and you won’t want the yuppie/dinc see anymore. You want walking distances to parks/walking distances to schools/etc…
My third point is you aren’t going to get a stellar deal on Highland Village townhome at $600k. How much is HOA? If I recall it’s around $300/month. Also, figure out how much mello-ruse(sic) is going to be… It adds up…You folks are just starting out in your marriage…And a lot can change from now until you have a kids. Job transfers, relocations/etc… I would say go against the norm and settle down with your marriage first, save up, and then see what happens.
Personally, for owner occupancy, I would only consdier it if you could get a 3/3 for low $500k….
I think you folks should keep your eye on SFH homes in Carriage Run to see if we have any resales in the future that come in within the $600s…No, they aren’t happening yet…. They are still completing homes on the bad side (the side of the power lines)…But it will be interesting to see if we have any fallouts in this community…but like everyone else, I’m waiting to see if it happens.
Even if you are able to buy townhome for $600k and sell it $650k 10 years later, you are going to lose money…Factor how much you will pay more on a monthly basis for your mortgage/proptax/hoa versus the cost of a rental, I think you’ll be closer to being negative in about 3-4 years versus if you just rented a townhome. If you don’t have long term plans to stay there, you’re going to lose money (unless it doesn’t bother you).
There’s absolutely nothing wrong with renting right now…While it shouldn’t stop looking, I really don’t think you need to rush to buy a townhome in CV.
