[quote=livinincali]
In the old days you could count of appreciation to accelerate equity building but I’m not sure that’s a safe bet right now. We’re at the high end of affordability right now and the two relief valves for that are higher incomes or lower interest rates. Neither of which seem real likely.[/quote]
This is very true. My decision to buy a house in Clairemont was based on rent costs (and lack of availability decent rentals). The house appreciating in value did not factor into my decision, although future rents rising might have influenced the thinking a little bit.
I hesitate to predict the future BUT I think it is UNlikely Clairemont homes will appreciate in value at all. The limit on prices is due to financing. Conforming lending limits of $540,000 (10% down) and the FHA has tightened up their standards.
