Every one if my family that bought there in the last 5 yrs is now in forclosure. Not one of them makes what I do, most are blue collar.
1 uncle is under water and in forclosure for 2 yrs now, another barrowed on HeLOCs and despite living in the same house for 20yrs, is just bearly hanging on. 2 cousins live with thier parents there, both grown adults with kids, the other 4 families moved to Ramona to escape the high prices to find themselves under water.
I seam to be the only one who can afford to live here, yet I’m the only one with enough sence to consider moving. I k ow this is the main stream among our 20 and 30 something friends.
I have 2 peers who can afford to live here and not be house poor. 1 is an ER dr, the other an engineer. The engineer is bearly holding on… He bought multiple properties in the boom.
It’s not a pretty picture in Sd for new families finically. Yet I’m the minority questioning the nonsense.
South of the 8 isn’t an option. Not when leaving the state is so much more financially prudent.
I layed down were I would consider living earlier in the thread. Poway, Ramona, Scripps and part of tierrasanta are the short list. I’m not out and out and in need of a home to live. I have options unlike those living paycheck to paycheck… Which is 95% of folks in my small world.
