350~450K in 92131/92127/92128

[1stimebuy]

Hi. I’m looking to buy a house, a first home for me, in scripps ranch, RB or 4S. I’ve been visiting this site since like 5 years ago and my mistake was that I started looking for a house too late (like 3 month ago… I was personally too busy and did not look at local RE market) There were some inventories in late 2009, made 4-5 offers, and lost them all. In retrospect, I think my offer should have been 20-30k higher… 🙁

Some of the offers I put in had like 40+ offers (crazy), and this was only a month ago, so I know there are at least 40 buyers looking at the same range. The thing is, since then, there haven’t been 40 new listings… It’s really depleted and the ones remaining are the ones asking 40K above or so… If anything comes out at a fair market value, now I definitely think it’ll get sold in just a few days.

What do you think will happen throughout 2010 in the above market? Do you see this inventory situation will get any better in the above area?

I kinda need to buy this year because I got a 4 year old plus a new baby… What worries me most is that the above area is pretty much done adjusting and there will be not significant addition of houses at a 2009 price levels. It’s already at least 10% up, and if it increases another 10% this year… it’s kinda back to 2005-2006 bubble and I’ll have to consider myself priced out of this particular area we wanted to settle…

[teatsonabull]

Dude.

Keep your “powder dry”. The California budget crisis is far from over and I suspect that, before it ends, you will decide that you will not want to be sending your beautiful young children to school in this disaster of a state.

Why buy? Stay flexible with your housing plans so that you have the ability to leave this state on your terms, should the proverbial “shit hit the fan”.

[teatsonabull]

Dude.

Keep your “powder dry”. The California budget crisis is far from over and I suspect that, before it ends, you will decide that you will not want to be sending your beautiful young children to school in this disaster of a state.

Why buy? Stay flexible with your housing plans so that you have the ability to leave this state on your terms, should the proverbial “shit hit the fan”.

[teatsonabull]

Dude.

Keep your “powder dry”. The California budget crisis is far from over and I suspect that, before it ends, you will decide that you will not want to be sending your beautiful young children to school in this disaster of a state.

Why buy? Stay flexible with your housing plans so that you have the ability to leave this state on your terms, should the proverbial “shit hit the fan”.

[teatsonabull]

Dude.

Keep your “powder dry”. The California budget crisis is far from over and I suspect that, before it ends, you will decide that you will not want to be sending your beautiful young children to school in this disaster of a state.

Why buy? Stay flexible with your housing plans so that you have the ability to leave this state on your terms, should the proverbial “shit hit the fan”.

[teatsonabull]

Dude.

Keep your “powder dry”. The California budget crisis is far from over and I suspect that, before it ends, you will decide that you will not want to be sending your beautiful young children to school in this disaster of a state.

Why buy? Stay flexible with your housing plans so that you have the ability to leave this state on your terms, should the proverbial “shit hit the fan”.

[andymajumder]

I am in the exact same situation as 1stimebuy (except for the kids, I have a one yr old), we may have put offers on the same house too. I too feel that I may have waited a bit too long and feels hopeless in these zip codes. There are no good deals right now and I am will not over-bid out of fear that there is another leg to fall in this housing crash and I will be underwater by the end of the year. Trying to be patient and hoping that the shadow inventory will eventually show up and force prices down to more reasonable levels….not too sure about these zip codes though…looks like all the tech employees (QCOM, Broadcom) target these areas and they do have decent purchasing power..

[andymajumder]

I am in the exact same situation as 1stimebuy (except for the kids, I have a one yr old), we may have put offers on the same house too. I too feel that I may have waited a bit too long and feels hopeless in these zip codes. There are no good deals right now and I am will not over-bid out of fear that there is another leg to fall in this housing crash and I will be underwater by the end of the year. Trying to be patient and hoping that the shadow inventory will eventually show up and force prices down to more reasonable levels….not too sure about these zip codes though…looks like all the tech employees (QCOM, Broadcom) target these areas and they do have decent purchasing power..

[andymajumder]

I am in the exact same situation as 1stimebuy (except for the kids, I have a one yr old), we may have put offers on the same house too. I too feel that I may have waited a bit too long and feels hopeless in these zip codes. There are no good deals right now and I am will not over-bid out of fear that there is another leg to fall in this housing crash and I will be underwater by the end of the year. Trying to be patient and hoping that the shadow inventory will eventually show up and force prices down to more reasonable levels….not too sure about these zip codes though…looks like all the tech employees (QCOM, Broadcom) target these areas and they do have decent purchasing power..

[andymajumder]

I am in the exact same situation as 1stimebuy (except for the kids, I have a one yr old), we may have put offers on the same house too. I too feel that I may have waited a bit too long and feels hopeless in these zip codes. There are no good deals right now and I am will not over-bid out of fear that there is another leg to fall in this housing crash and I will be underwater by the end of the year. Trying to be patient and hoping that the shadow inventory will eventually show up and force prices down to more reasonable levels….not too sure about these zip codes though…looks like all the tech employees (QCOM, Broadcom) target these areas and they do have decent purchasing power..

[andymajumder]

I am in the exact same situation as 1stimebuy (except for the kids, I have a one yr old), we may have put offers on the same house too. I too feel that I may have waited a bit too long and feels hopeless in these zip codes. There are no good deals right now and I am will not over-bid out of fear that there is another leg to fall in this housing crash and I will be underwater by the end of the year. Trying to be patient and hoping that the shadow inventory will eventually show up and force prices down to more reasonable levels….not too sure about these zip codes though…looks like all the tech employees (QCOM, Broadcom) target these areas and they do have decent purchasing power..

[sdrealtor]

Thats a tough price range there. A decent single family house with no MR or HOA starts around 500K in 92131. In RB you might get lucky and get a good on around 450K.

[sdrealtor]

Thats a tough price range there. A decent single family house with no MR or HOA starts around 500K in 92131. In RB you might get lucky and get a good on around 450K.

[sdrealtor]

Thats a tough price range there. A decent single family house with no MR or HOA starts around 500K in 92131. In RB you might get lucky and get a good on around 450K.

[sdrealtor]

Thats a tough price range there. A decent single family house with no MR or HOA starts around 500K in 92131. In RB you might get lucky and get a good on around 450K.

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