[quote=The-Shoveler][quote=La Jolla Renter]Affluent family in San Fran and NYC live in pretty small apartments with kids. 900 – 1,000 sqft for a family of 4.
BG, I don’t think we are pushing our values. Just our opinions for all readers to take it or leave it. But point taken.
Anyone have an idea of what the max mortgage a family in this situation could qualify for? The current guidelines seem pretty conservative.
What does 50-75 miles a day extra commute cost? A home right next to your office is probably worth $50k more in home price.[/quote]
Probably closer 500K more.[/quote]Yes, shoveler … true if the prospective homebuyer works in tech or biotech in SD. NOT true for service workers, retail/whse and restaurant mgmt and those professionals working in the FIRE industry.
And Temecula isn’t 50-75 miles per day EXTRA commute to dtn SD and surrounds. You’re forgetting that its a round trip daily. That is effectively 100-150 miles per day extra commute as opposed to buying a (typically) smaller, older home in the core of SD or South County …. or even North City (north of I-8 but still in metro SD) or SD East County.
Living in Temecula might be worth it for a SD North County inland worker (working in Esco, Poway or RB and surrounds). But I don’t feel it’s worth it for worker who works anywhere else in SD. There is a TON of daily traffic on I-15 and I-215 and the SR-71 (originating further up in Corona) is a constant stop and go h@llhole.
In short, the sacrifices with their time and lives made every work day by homeowners in the southeastern IE JUST to get a bigger, newer home for the same money aren’t worth it. They’re not worth it for a SD County worker nor are they worth it for an OC/LA County worker.
