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

[NotCranky]

I am not sure I understand the question. I know a lot of people it doesn’t bother to have 400k or more tied up in a house in San Diego. Doesn’t bother me.

A family with more kids than you could get by on 30k a year with a property assessed for 400k without a mortgage,no mello roos or HOA, transportation expenses are kept to a minimum and they had access to reasonably priced health insurance.

I am pretty sure that is not “middle class” add another 30-40k to look “middle class”.

[bearishgurl]

Doooh, you are looking in the wrong areas for a house. You can easily get a livable SFR in many parts of SD for <225K today. I'm wondering why you think you have to leave your hometown in order to survive. Have you bought into the seemingly prevalent hype that you HAVE to HAVE a CERTAIN kind of house in a particular area to be happy?? Or are you angling for the "lifestyle" afforded you by living in your parent's home (not reality for you). If so, GET OVER IT, quit whining and get on your own! You gotta start somewhere.

[bearishgurl]

Doooh, you are looking in the wrong areas for a house. You can easily get a livable SFR in many parts of SD for <225K today. I'm wondering why you think you have to leave your hometown in order to survive. Have you bought into the seemingly prevalent hype that you HAVE to HAVE a CERTAIN kind of house in a particular area to be happy?? Or are you angling for the "lifestyle" afforded you by living in your parent's home (not reality for you). If so, GET OVER IT, quit whining and get on your own! You gotta start somewhere.

[bearishgurl]

Doooh, you are looking in the wrong areas for a house. You can easily get a livable SFR in many parts of SD for <225K today. I'm wondering why you think you have to leave your hometown in order to survive. Have you bought into the seemingly prevalent hype that you HAVE to HAVE a CERTAIN kind of house in a particular area to be happy?? Or are you angling for the "lifestyle" afforded you by living in your parent's home (not reality for you). If so, GET OVER IT, quit whining and get on your own! You gotta start somewhere.

[bearishgurl]

Doooh, you are looking in the wrong areas for a house. You can easily get a livable SFR in many parts of SD for <225K today. I'm wondering why you think you have to leave your hometown in order to survive. Have you bought into the seemingly prevalent hype that you HAVE to HAVE a CERTAIN kind of house in a particular area to be happy?? Or are you angling for the "lifestyle" afforded you by living in your parent's home (not reality for you). If so, GET OVER IT, quit whining and get on your own! You gotta start somewhere.

[bearishgurl]

Doooh, you are looking in the wrong areas for a house. You can easily get a livable SFR in many parts of SD for <225K today. I'm wondering why you think you have to leave your hometown in order to survive. Have you bought into the seemingly prevalent hype that you HAVE to HAVE a CERTAIN kind of house in a particular area to be happy?? Or are you angling for the "lifestyle" afforded you by living in your parent's home (not reality for you). If so, GET OVER IT, quit whining and get on your own! You gotta start somewhere.

[barnaby33]

Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.

So to the OP you can drop out and work at the barber shop. In the short term the benefits are tangible. Less stress and the ability to get by with more free time. Free time by the way is the most undervalued commodity by many in the rat race. Long term though you are cutting yourself off from information and skills growth that I for one feel will be necessary to survive. That is unless you are trading city life to be a self-sustaining farmer. Good luck with that.

I do love the question though. Its very pertinent for a generation of Americans for whom the standard of living will be materially lower than their parents. Thank you for asking it.
Josh

[barnaby33]

Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.

So to the OP you can drop out and work at the barber shop. In the short term the benefits are tangible. Less stress and the ability to get by with more free time. Free time by the way is the most undervalued commodity by many in the rat race. Long term though you are cutting yourself off from information and skills growth that I for one feel will be necessary to survive. That is unless you are trading city life to be a self-sustaining farmer. Good luck with that.

I do love the question though. Its very pertinent for a generation of Americans for whom the standard of living will be materially lower than their parents. Thank you for asking it.
Josh

[barnaby33]

Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.

So to the OP you can drop out and work at the barber shop. In the short term the benefits are tangible. Less stress and the ability to get by with more free time. Free time by the way is the most undervalued commodity by many in the rat race. Long term though you are cutting yourself off from information and skills growth that I for one feel will be necessary to survive. That is unless you are trading city life to be a self-sustaining farmer. Good luck with that.

I do love the question though. Its very pertinent for a generation of Americans for whom the standard of living will be materially lower than their parents. Thank you for asking it.
Josh

[barnaby33]

Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.

So to the OP you can drop out and work at the barber shop. In the short term the benefits are tangible. Less stress and the ability to get by with more free time. Free time by the way is the most undervalued commodity by many in the rat race. Long term though you are cutting yourself off from information and skills growth that I for one feel will be necessary to survive. That is unless you are trading city life to be a self-sustaining farmer. Good luck with that.

I do love the question though. Its very pertinent for a generation of Americans for whom the standard of living will be materially lower than their parents. Thank you for asking it.
Josh

[barnaby33]

Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.

So to the OP you can drop out and work at the barber shop. In the short term the benefits are tangible. Less stress and the ability to get by with more free time. Free time by the way is the most undervalued commodity by many in the rat race. Long term though you are cutting yourself off from information and skills growth that I for one feel will be necessary to survive. That is unless you are trading city life to be a self-sustaining farmer. Good luck with that.

I do love the question though. Its very pertinent for a generation of Americans for whom the standard of living will be materially lower than their parents. Thank you for asking it.
Josh

[bearishgurl]

[quote=barnaby33]Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.[/quote]

barnaby, I see nothing “tendentious” about my suggestion. My ex-spouse and myself qualified to buy our first house in SE SD in the late 70’s in an area which can now be accessed by the 47th St exit off I-805. Why don’t you get off there sometime, and look around, barnaby? We lived there over four years until we rented it out and bought a slightly larger place in an adjacent zip code.

We both worked full-time at the time and this is what we could afford. We didn’t whine that it wasn’t what our parents had. It was OURS!

Yes, I agree that it is crucial to employ “expectation mgmt” on today’s young adult generation, especially if one wage-earner of a couple decides they no longer wish to remain in that status.

The main reason behind the first-time buyer foreclosures today is that the majority of them purchased a property that was unsustainable when real life hit them in the face. They were too focused on living a lifestyle they had been “accustomed” to (living with parents) and did not “crunch the numbers” to determine what they could actually afford, or afford if one of the parties voluntarily quit working.

I don’t buy into the notion that there are no SFR’s avail in SD County for under $300K. There are many, and is has become clear to me that widespread ignorance is preventing today’s young buyers, with or without families, from considering them.

My post to the OP here was intended to be “expectation mgmt” in its highest form. This candid inquiry was put here for the express purpose of preventing yet another young native San Diegan defecting to the State of TX.

First timers have to start somewhere. And that somewhere is more often than not merely a stepping stone to a more suitable property at a later date. Yes, even in THIS market.

[bearishgurl]

[quote=barnaby33]Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.[/quote]

barnaby, I see nothing “tendentious” about my suggestion. My ex-spouse and myself qualified to buy our first house in SE SD in the late 70’s in an area which can now be accessed by the 47th St exit off I-805. Why don’t you get off there sometime, and look around, barnaby? We lived there over four years until we rented it out and bought a slightly larger place in an adjacent zip code.

We both worked full-time at the time and this is what we could afford. We didn’t whine that it wasn’t what our parents had. It was OURS!

Yes, I agree that it is crucial to employ “expectation mgmt” on today’s young adult generation, especially if one wage-earner of a couple decides they no longer wish to remain in that status.

The main reason behind the first-time buyer foreclosures today is that the majority of them purchased a property that was unsustainable when real life hit them in the face. They were too focused on living a lifestyle they had been “accustomed” to (living with parents) and did not “crunch the numbers” to determine what they could actually afford, or afford if one of the parties voluntarily quit working.

I don’t buy into the notion that there are no SFR’s avail in SD County for under $300K. There are many, and is has become clear to me that widespread ignorance is preventing today’s young buyers, with or without families, from considering them.

My post to the OP here was intended to be “expectation mgmt” in its highest form. This candid inquiry was put here for the express purpose of preventing yet another young native San Diegan defecting to the State of TX.

First timers have to start somewhere. And that somewhere is more often than not merely a stepping stone to a more suitable property at a later date. Yes, even in THIS market.

[bearishgurl]

[quote=barnaby33]Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.[/quote]

barnaby, I see nothing “tendentious” about my suggestion. My ex-spouse and myself qualified to buy our first house in SE SD in the late 70’s in an area which can now be accessed by the 47th St exit off I-805. Why don’t you get off there sometime, and look around, barnaby? We lived there over four years until we rented it out and bought a slightly larger place in an adjacent zip code.

We both worked full-time at the time and this is what we could afford. We didn’t whine that it wasn’t what our parents had. It was OURS!

Yes, I agree that it is crucial to employ “expectation mgmt” on today’s young adult generation, especially if one wage-earner of a couple decides they no longer wish to remain in that status.

The main reason behind the first-time buyer foreclosures today is that the majority of them purchased a property that was unsustainable when real life hit them in the face. They were too focused on living a lifestyle they had been “accustomed” to (living with parents) and did not “crunch the numbers” to determine what they could actually afford, or afford if one of the parties voluntarily quit working.

I don’t buy into the notion that there are no SFR’s avail in SD County for under $300K. There are many, and is has become clear to me that widespread ignorance is preventing today’s young buyers, with or without families, from considering them.

My post to the OP here was intended to be “expectation mgmt” in its highest form. This candid inquiry was put here for the express purpose of preventing yet another young native San Diegan defecting to the State of TX.

First timers have to start somewhere. And that somewhere is more often than not merely a stepping stone to a more suitable property at a later date. Yes, even in THIS market.

[bearishgurl]

[quote=barnaby33]Don’t post nearly as much as I used to but bearishgurl, I’m surprised by this. The whole point of the OP is expectation management and what the proper level is. Telling someone to, “get over it,” is childish and a bit tendentious.[/quote]

barnaby, I see nothing “tendentious” about my suggestion. My ex-spouse and myself qualified to buy our first house in SE SD in the late 70’s in an area which can now be accessed by the 47th St exit off I-805. Why don’t you get off there sometime, and look around, barnaby? We lived there over four years until we rented it out and bought a slightly larger place in an adjacent zip code.

We both worked full-time at the time and this is what we could afford. We didn’t whine that it wasn’t what our parents had. It was OURS!

Yes, I agree that it is crucial to employ “expectation mgmt” on today’s young adult generation, especially if one wage-earner of a couple decides they no longer wish to remain in that status.

The main reason behind the first-time buyer foreclosures today is that the majority of them purchased a property that was unsustainable when real life hit them in the face. They were too focused on living a lifestyle they had been “accustomed” to (living with parents) and did not “crunch the numbers” to determine what they could actually afford, or afford if one of the parties voluntarily quit working.

I don’t buy into the notion that there are no SFR’s avail in SD County for under $300K. There are many, and is has become clear to me that widespread ignorance is preventing today’s young buyers, with or without families, from considering them.

My post to the OP here was intended to be “expectation mgmt” in its highest form. This candid inquiry was put here for the express purpose of preventing yet another young native San Diegan defecting to the State of TX.

First timers have to start somewhere. And that somewhere is more often than not merely a stepping stone to a more suitable property at a later date. Yes, even in THIS market.

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