Thanks everyone for the responses. I think a strong argument could be made to sell or to stay either way, that’s why it has been a difficult decision for us.
Also in my original post I definitely sounded as if we were focused in on mainly Bressi Ranch but would consider many other communities in 92009 (La Costa Valley would probably be best for us besides where we’re at right now in Arroyo Vista, but not sure if we would be able to buy for 700k). Bressi Ranch seems like it may have some good deals due to the fact they were mostly sold during the peak 2005 time period, so this is why I mentioned it, and there are already homes there in the 700k range.
The thing I keep going back to is the fact that the home prices vs incomes and rents is so out of whack in SD county. Doesn’t this correction need to continue to bring these things more in balance?It seems foolish to not sell a house for 900k+ that we bought for 600k. If the correction continues and prices get down to a solid 200-250/sqft we will have put ourselves in a great position. I guess the downside is if there is not much further correction in the market beyond where it is now, we will end up in a less desireable position (financial and house/neighborhood) as we are now.
SD Realtor, do you think 230-250/sqft in La Costa Valley will happen in the next year or so?
