Now that’s what I’m talking about, just ignore my replies on another thread but you broke out the D word and FLU was right my comments there and here were not directed towards you.
So I like to look at rent to price ratios as a time to purchase and we’ve seen them fluctuate over the past 10-15 years. It doesn’t look like a huge bubble but it looks misaligned but not by the amounts it once did.
I’ve got two specific real estate questions for different kids. Now that we’ve had our opening slap fight, my apologies, now let’s get down to business.
Scenario 1, low 20’s couple, one works inland N. County and had traditional M-F schedule, other one will/may be moved throughout the county every so often but won’t commute during peak hours. Take home pay combined, 8-12k a month, no kids and no immediate plans. RB, 4S, San Marcos, Poway, Penisquitos, Carmel Mtn, Scripps Ranch are all in play. Nice condos and little houses seem to rent for 2500-3000. Buying them seem to be 600k+ with the newer ones having higher taxes and mello roos. They like the newer ones.
Scenario 2, mid 20’s couple, no kids. Can’t give work location or income as they are relocating from Vietnam and will be arriving soon with capital, degrees and mastery of multiple languages. They have a strong desire to live in or near other Vietnamese speakers so as to not lose their skills. One of them also speaks Chinese. Both were English teachers for 3 years in Asia but teaching or language is not their degree nor what they will be doing for work once here, more of a hobby and a comfort to be near a community, not a necessity. She is Asian and fluent in English without an accent and he is a blond white kid who speaks, reads and writes Vietnamese which is fun to see in action. I’m at a loss where to direct them as they are not wanting to replicate where they were but would like to have some connection to people, cuisine and language of where they were. City heights/little saigon fits some of the list but not really, they are accustomed to either a more upscale or safer place without sounding too elitist. If someone is from there or has been there they will understand, they are district 1 people.
There you have it, a real estate question. I’m recommending they all rent for at least a year and based on what I’ve read thus far there’s no real danger of prices getting away from them in the next 12 months.
