Not many 29 year olds have 400k banked. You guys have done a GREAT job.
There was actually a listing west of 5 in 92075 that listed at 795k but went into escrow in a matter of days. It was not anything special but it was encouraging to see that sort of pricing. Also I “believe” it was an as is sale so I wonder if there were some major issues….
Anyways if schools are the big thing then pick the school and find a rental in that district. If it means you pay a premium then so be it. I think you will see some price contraction west of 5 in Encinitas but no way will I give an estimate because I don’t believe it will be as large as other areas in town. Still though, even a 10-20% depreciation on say a 950k home gets into the price range you want.
Hey and 5% on 400k for say two years is another 40k (less taxes) … not bad considering there is no risk…
