[quote=poorgradstudent][quote=svelte]I have no desire to live in Carmel Valley. It’s another one of those places I just don’t understand.[/quote]
Fairly close to the ocean. Good schools. Easy access to Sorrento Valley, where I work.
That said, the bang for the buck isn’t great, and I doubt we’ll ever actually live there. I can see the appeal, just can’t justify the price premium for that appeal.[/quote]
FWIW – we bought and sold in CV in 2002 and 2007 (respectively) and earned a 70% return. We moved to the east coast and came back and bought in CV 2011 and our house has appreciated about 35% since then. So the bang for our buck has been great. But we have been very lucky – our life events (birth of children, job changes) have coincided very well with the market.
