Sdrealtor knows their stuff. That is correct, that we don’t have HOA in La Costa. Plus, no pmi. My loan is 40 year fixed with a 10 year interest only period. My loan is held by BOFA (Full Doc).
My only point earlier being that for most people working and clearing 80-110k, (which by the way are a lot of familes) home ownership is not that far off from affordability.
Would most of you agree that if you could get a single fam home in an area like Encinitas for 550k (and if they are listed at 550, you know that you can get one for 510-525) and a payment of between $3500-$3800 (tax included) that many people would see that as affordable?
