Judging by the participants’ Nextdoor neighborhoods they are indexed to, folks complaining are in zip 92130 Carmel Valley, but with folks chiming in from Mira Mesa and the even more affluent beach communities.
For CV, I suspect it gets that extra oomph of demand due to the upper middle class families that try to push their kids into the best schools as possible, especially among certain groups of minorities from the other side of the globe. Truth to be told, I think most “starting” families aren’t in position looking at CV as their SFH these days at current price point and 5% interest rate for 30Y fixed loan, for that, join the rest of us and look in 92126, 92123, and south bay and way northern county zips that are still closer to the $1M range!! It’s a feasting frenzy.
On a side note, few replies ago, we were talking about that gorgeous Carlsbad home 5 houses away from power lines. Take a look at the below SFH in CV, powerlines are behind the backyard (50 feet away from property line?) — Redfin calculated if this home is sold for $2M, the monthly payment at 5% 30Y fixed mortgage, HOA, insurance and Prop Taxes (I used 1.09%) is around a cool ~$10,500 a month.
