$500k and 33years old, when is enough enough?

[outtamojo]

[quote=briansd1][quote=outtamojo]Haha, go talk smack to a New Yorker or someone from Philly.[/quote]

haha.. a New York would tell you to f–k off. But he won’t take the time to tell you how wonderful his city is. So the subway is filthy and smells of urine. So the people are rude. It’s still the greatest city on earth. ;)[/quote]

Are you saying then that S.D as a city needs Pampers while New York and more mature cities need Depends?

[bearishgurl]

[quote=Doooh]Garden rd is approaching $300K, but now were pack to page 1 and the reason I made this thread.

Is $300k worth staying here. Its real easy to get caught up in the financing an buying and the excitement of owning a new home, but it’s become even more obvious that no body is questioning if they should go through with a purchase.

The thinking tends to go from, oh wow, I can actually swing this and straight into a purchase. I have the ability and maybe this is why I’m standing back and questioning “is it really the right thing to to?”. It may be a product of it actually being my $ instead of the banks? . . . [/quote]

Doooh, if I am reading this post right, are you saying that you only want to buy a property in SD County if you can pay all cash? You are young yet and need to save for your retirement. What is keeping you from putting the standard 20 or 30% down and taking out a conventional loan for the rest? There’s nothing wrong with this, Doooh.

Are you limiting yourself to only properties you feel you can comfortably afford to pay all-cash for?? Or perhaps might some of the properties you have been looking at be ineligible for conventional bank financing? What do you expect to find in this price range in the City of Poway?? IMO, probably the same types of properties you can find in Bonita in this price range – heavy fixers. Is it WORTH purchasing one of these for =<.50 on the dollar?? It depends on the type of house you want, the level of your rehabbing skills, it's lot size and location. Only you can answer that question.

[bearishgurl]

[quote=Doooh]Garden rd is approaching $300K, but now were pack to page 1 and the reason I made this thread.

Is $300k worth staying here. Its real easy to get caught up in the financing an buying and the excitement of owning a new home, but it’s become even more obvious that no body is questioning if they should go through with a purchase.

The thinking tends to go from, oh wow, I can actually swing this and straight into a purchase. I have the ability and maybe this is why I’m standing back and questioning “is it really the right thing to to?”. It may be a product of it actually being my $ instead of the banks? . . . [/quote]

Doooh, if I am reading this post right, are you saying that you only want to buy a property in SD County if you can pay all cash? You are young yet and need to save for your retirement. What is keeping you from putting the standard 20 or 30% down and taking out a conventional loan for the rest? There’s nothing wrong with this, Doooh.

Are you limiting yourself to only properties you feel you can comfortably afford to pay all-cash for?? Or perhaps might some of the properties you have been looking at be ineligible for conventional bank financing? What do you expect to find in this price range in the City of Poway?? IMO, probably the same types of properties you can find in Bonita in this price range – heavy fixers. Is it WORTH purchasing one of these for =<.50 on the dollar?? It depends on the type of house you want, the level of your rehabbing skills, it's lot size and location. Only you can answer that question.

[bearishgurl]

[quote=Doooh]Garden rd is approaching $300K, but now were pack to page 1 and the reason I made this thread.

Is $300k worth staying here. Its real easy to get caught up in the financing an buying and the excitement of owning a new home, but it’s become even more obvious that no body is questioning if they should go through with a purchase.

The thinking tends to go from, oh wow, I can actually swing this and straight into a purchase. I have the ability and maybe this is why I’m standing back and questioning “is it really the right thing to to?”. It may be a product of it actually being my $ instead of the banks? . . . [/quote]

Doooh, if I am reading this post right, are you saying that you only want to buy a property in SD County if you can pay all cash? You are young yet and need to save for your retirement. What is keeping you from putting the standard 20 or 30% down and taking out a conventional loan for the rest? There’s nothing wrong with this, Doooh.

Are you limiting yourself to only properties you feel you can comfortably afford to pay all-cash for?? Or perhaps might some of the properties you have been looking at be ineligible for conventional bank financing? What do you expect to find in this price range in the City of Poway?? IMO, probably the same types of properties you can find in Bonita in this price range – heavy fixers. Is it WORTH purchasing one of these for =<.50 on the dollar?? It depends on the type of house you want, the level of your rehabbing skills, it's lot size and location. Only you can answer that question.

[bearishgurl]

[quote=Doooh]Garden rd is approaching $300K, but now were pack to page 1 and the reason I made this thread.

Is $300k worth staying here. Its real easy to get caught up in the financing an buying and the excitement of owning a new home, but it’s become even more obvious that no body is questioning if they should go through with a purchase.

The thinking tends to go from, oh wow, I can actually swing this and straight into a purchase. I have the ability and maybe this is why I’m standing back and questioning “is it really the right thing to to?”. It may be a product of it actually being my $ instead of the banks? . . . [/quote]

Doooh, if I am reading this post right, are you saying that you only want to buy a property in SD County if you can pay all cash? You are young yet and need to save for your retirement. What is keeping you from putting the standard 20 or 30% down and taking out a conventional loan for the rest? There’s nothing wrong with this, Doooh.

Are you limiting yourself to only properties you feel you can comfortably afford to pay all-cash for?? Or perhaps might some of the properties you have been looking at be ineligible for conventional bank financing? What do you expect to find in this price range in the City of Poway?? IMO, probably the same types of properties you can find in Bonita in this price range – heavy fixers. Is it WORTH purchasing one of these for =<.50 on the dollar?? It depends on the type of house you want, the level of your rehabbing skills, it's lot size and location. Only you can answer that question.

[bearishgurl]

[quote=Doooh]Garden rd is approaching $300K, but now were pack to page 1 and the reason I made this thread.

Is $300k worth staying here. Its real easy to get caught up in the financing an buying and the excitement of owning a new home, but it’s become even more obvious that no body is questioning if they should go through with a purchase.

The thinking tends to go from, oh wow, I can actually swing this and straight into a purchase. I have the ability and maybe this is why I’m standing back and questioning “is it really the right thing to to?”. It may be a product of it actually being my $ instead of the banks? . . . [/quote]

Doooh, if I am reading this post right, are you saying that you only want to buy a property in SD County if you can pay all cash? You are young yet and need to save for your retirement. What is keeping you from putting the standard 20 or 30% down and taking out a conventional loan for the rest? There’s nothing wrong with this, Doooh.

Are you limiting yourself to only properties you feel you can comfortably afford to pay all-cash for?? Or perhaps might some of the properties you have been looking at be ineligible for conventional bank financing? What do you expect to find in this price range in the City of Poway?? IMO, probably the same types of properties you can find in Bonita in this price range – heavy fixers. Is it WORTH purchasing one of these for =<.50 on the dollar?? It depends on the type of house you want, the level of your rehabbing skills, it's lot size and location. Only you can answer that question.

[Anonymous]

FYI: I’ve been reading this blog for 5 years, but never posted prior to this. I loved you post.

My family and I used to live in Encinitas, CA we rented for a long time and wanted to buy there eventually, but the market was so far out of reach for me. I make just at 100 K a year, 3 times what my father made when I was growing up. Funny thing is the house that I was renting was nothing compared to my parents house that I grew up in also it did not have access to the beach, woods, parks that my parents home had. and I’m not saying that I’m the smartest kid in the sand box but our schools were great too, we had theater, metal/wood shop, art, music, etc… we didn’t have gangs and murders running ramped the next town down. I guess what I’m saying is that SD and the mild weather was just not worth it for me if you consider what you have to do to get by down there, unless you have been lucky and found wealth somehow; How many have 1% to 2% of all residents in SD???

Two years ago I moved my family to Washington state and I really think that this place is the most beautiful place that I’ve ever lived, we live in a little town just in the mouth of the Columbia River Gorge, we are 1 hour from some great snowboarding, 1.3 hours from the most beautiful coast line with fun surf, Hiking, Mountain biking everywhere, 1.5 hour from the high desert, minutes to lakes, white water rivers (kayaking, rafting, fishing) 20 minutes from downtown Portland, OR (great green livable city, with great food and real people (no plastic up here), 15 minutes from the airport, did I mention the tax break? Living in WA you pay no income tax and shopping in Portland, OR you pay no sales tax, something to consider….

Leaving SD was the best thing that ever happened to me and my Family. Anyone looking for somewhere else this is a great place to consider.

And I know a lot of people will say but it rains up there. Yes it does, a lot (makes a lot of snow up on the mountain), but at least the air, beaches and rivers are clean. No water restrictions here…

[Anonymous]

FYI: I’ve been reading this blog for 5 years, but never posted prior to this. I loved you post.

My family and I used to live in Encinitas, CA we rented for a long time and wanted to buy there eventually, but the market was so far out of reach for me. I make just at 100 K a year, 3 times what my father made when I was growing up. Funny thing is the house that I was renting was nothing compared to my parents house that I grew up in also it did not have access to the beach, woods, parks that my parents home had. and I’m not saying that I’m the smartest kid in the sand box but our schools were great too, we had theater, metal/wood shop, art, music, etc… we didn’t have gangs and murders running ramped the next town down. I guess what I’m saying is that SD and the mild weather was just not worth it for me if you consider what you have to do to get by down there, unless you have been lucky and found wealth somehow; How many have 1% to 2% of all residents in SD???

Two years ago I moved my family to Washington state and I really think that this place is the most beautiful place that I’ve ever lived, we live in a little town just in the mouth of the Columbia River Gorge, we are 1 hour from some great snowboarding, 1.3 hours from the most beautiful coast line with fun surf, Hiking, Mountain biking everywhere, 1.5 hour from the high desert, minutes to lakes, white water rivers (kayaking, rafting, fishing) 20 minutes from downtown Portland, OR (great green livable city, with great food and real people (no plastic up here), 15 minutes from the airport, did I mention the tax break? Living in WA you pay no income tax and shopping in Portland, OR you pay no sales tax, something to consider….

Leaving SD was the best thing that ever happened to me and my Family. Anyone looking for somewhere else this is a great place to consider.

And I know a lot of people will say but it rains up there. Yes it does, a lot (makes a lot of snow up on the mountain), but at least the air, beaches and rivers are clean. No water restrictions here…

[Anonymous]

FYI: I’ve been reading this blog for 5 years, but never posted prior to this. I loved you post.

My family and I used to live in Encinitas, CA we rented for a long time and wanted to buy there eventually, but the market was so far out of reach for me. I make just at 100 K a year, 3 times what my father made when I was growing up. Funny thing is the house that I was renting was nothing compared to my parents house that I grew up in also it did not have access to the beach, woods, parks that my parents home had. and I’m not saying that I’m the smartest kid in the sand box but our schools were great too, we had theater, metal/wood shop, art, music, etc… we didn’t have gangs and murders running ramped the next town down. I guess what I’m saying is that SD and the mild weather was just not worth it for me if you consider what you have to do to get by down there, unless you have been lucky and found wealth somehow; How many have 1% to 2% of all residents in SD???

Two years ago I moved my family to Washington state and I really think that this place is the most beautiful place that I’ve ever lived, we live in a little town just in the mouth of the Columbia River Gorge, we are 1 hour from some great snowboarding, 1.3 hours from the most beautiful coast line with fun surf, Hiking, Mountain biking everywhere, 1.5 hour from the high desert, minutes to lakes, white water rivers (kayaking, rafting, fishing) 20 minutes from downtown Portland, OR (great green livable city, with great food and real people (no plastic up here), 15 minutes from the airport, did I mention the tax break? Living in WA you pay no income tax and shopping in Portland, OR you pay no sales tax, something to consider….

Leaving SD was the best thing that ever happened to me and my Family. Anyone looking for somewhere else this is a great place to consider.

And I know a lot of people will say but it rains up there. Yes it does, a lot (makes a lot of snow up on the mountain), but at least the air, beaches and rivers are clean. No water restrictions here…

[Anonymous]

FYI: I’ve been reading this blog for 5 years, but never posted prior to this. I loved you post.

My family and I used to live in Encinitas, CA we rented for a long time and wanted to buy there eventually, but the market was so far out of reach for me. I make just at 100 K a year, 3 times what my father made when I was growing up. Funny thing is the house that I was renting was nothing compared to my parents house that I grew up in also it did not have access to the beach, woods, parks that my parents home had. and I’m not saying that I’m the smartest kid in the sand box but our schools were great too, we had theater, metal/wood shop, art, music, etc… we didn’t have gangs and murders running ramped the next town down. I guess what I’m saying is that SD and the mild weather was just not worth it for me if you consider what you have to do to get by down there, unless you have been lucky and found wealth somehow; How many have 1% to 2% of all residents in SD???

Two years ago I moved my family to Washington state and I really think that this place is the most beautiful place that I’ve ever lived, we live in a little town just in the mouth of the Columbia River Gorge, we are 1 hour from some great snowboarding, 1.3 hours from the most beautiful coast line with fun surf, Hiking, Mountain biking everywhere, 1.5 hour from the high desert, minutes to lakes, white water rivers (kayaking, rafting, fishing) 20 minutes from downtown Portland, OR (great green livable city, with great food and real people (no plastic up here), 15 minutes from the airport, did I mention the tax break? Living in WA you pay no income tax and shopping in Portland, OR you pay no sales tax, something to consider….

Leaving SD was the best thing that ever happened to me and my Family. Anyone looking for somewhere else this is a great place to consider.

And I know a lot of people will say but it rains up there. Yes it does, a lot (makes a lot of snow up on the mountain), but at least the air, beaches and rivers are clean. No water restrictions here…

[Anonymous]

FYI: I’ve been reading this blog for 5 years, but never posted prior to this. I loved you post.

My family and I used to live in Encinitas, CA we rented for a long time and wanted to buy there eventually, but the market was so far out of reach for me. I make just at 100 K a year, 3 times what my father made when I was growing up. Funny thing is the house that I was renting was nothing compared to my parents house that I grew up in also it did not have access to the beach, woods, parks that my parents home had. and I’m not saying that I’m the smartest kid in the sand box but our schools were great too, we had theater, metal/wood shop, art, music, etc… we didn’t have gangs and murders running ramped the next town down. I guess what I’m saying is that SD and the mild weather was just not worth it for me if you consider what you have to do to get by down there, unless you have been lucky and found wealth somehow; How many have 1% to 2% of all residents in SD???

Two years ago I moved my family to Washington state and I really think that this place is the most beautiful place that I’ve ever lived, we live in a little town just in the mouth of the Columbia River Gorge, we are 1 hour from some great snowboarding, 1.3 hours from the most beautiful coast line with fun surf, Hiking, Mountain biking everywhere, 1.5 hour from the high desert, minutes to lakes, white water rivers (kayaking, rafting, fishing) 20 minutes from downtown Portland, OR (great green livable city, with great food and real people (no plastic up here), 15 minutes from the airport, did I mention the tax break? Living in WA you pay no income tax and shopping in Portland, OR you pay no sales tax, something to consider….

Leaving SD was the best thing that ever happened to me and my Family. Anyone looking for somewhere else this is a great place to consider.

And I know a lot of people will say but it rains up there. Yes it does, a lot (makes a lot of snow up on the mountain), but at least the air, beaches and rivers are clean. No water restrictions here…

[Eugene]

[quote]Do Piggs understand that the student populations of San Diego, Hoover, Crawford, Kearny, Clairemont, Helix, Sweetwater, Chula Vista, Hilltop and Castle Park High Schools were predominately “white” prior to the mid-seventies?? And that many of those ex-students still live in their “home turf?” Why would they feel uncomfortable in their own “home turf” even if the demographics have changed? What’s to be afraid of??[/quote]

I believe that should be late eighties rather than mid-seventies. First there came a wave of illegal immigration from Mexico in the early eighties, then in 1986 Reagan issued a wholesale amnesty to 3 million illegal immigrants, which allowed them to settle here for real and start bringing their relatives via legal and illegal means (starting with legal, then, by the mid-90’s, when the demand for family reunification immigrant visas proved to be far greater than annual caps in place for Mexico, clogging the system and resulting in 10+ year long waits in most categories, increasingly switching to illegal).

Escondido High went from 53% white in 1993 (the oldest number I can find) to 27% white in 2009. And yes, you do hear about people feeling uncomfortable in their “home turf” because of the changes in demographics.

[Eugene]

[quote]Do Piggs understand that the student populations of San Diego, Hoover, Crawford, Kearny, Clairemont, Helix, Sweetwater, Chula Vista, Hilltop and Castle Park High Schools were predominately “white” prior to the mid-seventies?? And that many of those ex-students still live in their “home turf?” Why would they feel uncomfortable in their own “home turf” even if the demographics have changed? What’s to be afraid of??[/quote]

I believe that should be late eighties rather than mid-seventies. First there came a wave of illegal immigration from Mexico in the early eighties, then in 1986 Reagan issued a wholesale amnesty to 3 million illegal immigrants, which allowed them to settle here for real and start bringing their relatives via legal and illegal means (starting with legal, then, by the mid-90’s, when the demand for family reunification immigrant visas proved to be far greater than annual caps in place for Mexico, clogging the system and resulting in 10+ year long waits in most categories, increasingly switching to illegal).

Escondido High went from 53% white in 1993 (the oldest number I can find) to 27% white in 2009. And yes, you do hear about people feeling uncomfortable in their “home turf” because of the changes in demographics.

[Eugene]

[quote]Do Piggs understand that the student populations of San Diego, Hoover, Crawford, Kearny, Clairemont, Helix, Sweetwater, Chula Vista, Hilltop and Castle Park High Schools were predominately “white” prior to the mid-seventies?? And that many of those ex-students still live in their “home turf?” Why would they feel uncomfortable in their own “home turf” even if the demographics have changed? What’s to be afraid of??[/quote]

I believe that should be late eighties rather than mid-seventies. First there came a wave of illegal immigration from Mexico in the early eighties, then in 1986 Reagan issued a wholesale amnesty to 3 million illegal immigrants, which allowed them to settle here for real and start bringing their relatives via legal and illegal means (starting with legal, then, by the mid-90’s, when the demand for family reunification immigrant visas proved to be far greater than annual caps in place for Mexico, clogging the system and resulting in 10+ year long waits in most categories, increasingly switching to illegal).

Escondido High went from 53% white in 1993 (the oldest number I can find) to 27% white in 2009. And yes, you do hear about people feeling uncomfortable in their “home turf” because of the changes in demographics.

[Eugene]

[quote]Do Piggs understand that the student populations of San Diego, Hoover, Crawford, Kearny, Clairemont, Helix, Sweetwater, Chula Vista, Hilltop and Castle Park High Schools were predominately “white” prior to the mid-seventies?? And that many of those ex-students still live in their “home turf?” Why would they feel uncomfortable in their own “home turf” even if the demographics have changed? What’s to be afraid of??[/quote]

I believe that should be late eighties rather than mid-seventies. First there came a wave of illegal immigration from Mexico in the early eighties, then in 1986 Reagan issued a wholesale amnesty to 3 million illegal immigrants, which allowed them to settle here for real and start bringing their relatives via legal and illegal means (starting with legal, then, by the mid-90’s, when the demand for family reunification immigrant visas proved to be far greater than annual caps in place for Mexico, clogging the system and resulting in 10+ year long waits in most categories, increasingly switching to illegal).

Escondido High went from 53% white in 1993 (the oldest number I can find) to 27% white in 2009. And yes, you do hear about people feeling uncomfortable in their “home turf” because of the changes in demographics.

[Author]

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