[quote=Scarlett]We are planning for both work F/T in our current work places, but if sh!t happens and one loses job it would be nice to be able to afford the house on one salary for a long time, even if barely. Besides we could use the leftover cash to put in the retirement and college accounts. Schools are comparable to UC ones no question, I already checked their APIs. UC scores have slipped recently though, which is worrying – if I recall UCGal was thinking of choicing into Mira Mesa schools. The scores are ok I think.
EDIT: Where are the demarcations between Allied Gardens, Princess Cerro, Old Del Cerro?[/quote]
Scarlett,
You are very wise in trying to live on a single spouse’s income. IMHO, if everyone did this, there would never have been a housing/debt bubble, and life in general would be much more affordable.
This ties in very much with what I was saying above — prices are dictated by the least responsible, most highly-leveraged buyers. Those of us who try to live much more conservatively will forever be “priced out” for as long as the least responsible have access to credit and low down payments (in the case of housing, but the “pricing problem” applies to all asset markets).
