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mike92104.
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October 21, 2008 at 2:13 PM #291197October 21, 2008 at 3:16 PM #290858
(former)FormerSanDiegan
Participant[quote=BGinRB][quote=FormerSanDiegan][quote=BGinRB]I just tried to think of model of a person who could really afford a $300K housing unit. I don’t see that person being interested in 55y old 2/1.
The only possibility I see would be a retiree with strong ties to the area. [/quote]How about a young married couple in their late 20’s/early 30’s making a combined 80K (40 K each) who are tired of apartment life after 5 years ?
[/quote]
I assumed they would want to have a kid or two in the next several years. In that case 2/1 would not fit. They would rent for another year or two and then look for 3/2.
[/quote]
Look at how many younger couples buy 2 BR condos. At the right price, a 2-1 seems like a great entry level option, especially for couples where having a kid is either not explicitly in the plans yet or is notionally 3-5 years in the future. In fact, we bought a 2/1 when we had a 9-month old baby. (we later added on).
October 21, 2008 at 3:16 PM #291173Participant[quote=BGinRB][quote=FormerSanDiegan][quote=BGinRB]I just tried to think of model of a person who could really afford a $300K housing unit. I don’t see that person being interested in 55y old 2/1.
The only possibility I see would be a retiree with strong ties to the area. [/quote]How about a young married couple in their late 20’s/early 30’s making a combined 80K (40 K each) who are tired of apartment life after 5 years ?
[/quote]
I assumed they would want to have a kid or two in the next several years. In that case 2/1 would not fit. They would rent for another year or two and then look for 3/2.
[/quote]
Look at how many younger couples buy 2 BR condos. At the right price, a 2-1 seems like a great entry level option, especially for couples where having a kid is either not explicitly in the plans yet or is notionally 3-5 years in the future. In fact, we bought a 2/1 when we had a 9-month old baby. (we later added on).
October 21, 2008 at 3:16 PM #291174Participant[quote=BGinRB][quote=FormerSanDiegan][quote=BGinRB]I just tried to think of model of a person who could really afford a $300K housing unit. I don’t see that person being interested in 55y old 2/1.
The only possibility I see would be a retiree with strong ties to the area. [/quote]How about a young married couple in their late 20’s/early 30’s making a combined 80K (40 K each) who are tired of apartment life after 5 years ?
[/quote]
I assumed they would want to have a kid or two in the next several years. In that case 2/1 would not fit. They would rent for another year or two and then look for 3/2.
[/quote]
Look at how many younger couples buy 2 BR condos. At the right price, a 2-1 seems like a great entry level option, especially for couples where having a kid is either not explicitly in the plans yet or is notionally 3-5 years in the future. In fact, we bought a 2/1 when we had a 9-month old baby. (we later added on).
October 21, 2008 at 3:16 PM #291210Participant[quote=BGinRB][quote=FormerSanDiegan][quote=BGinRB]I just tried to think of model of a person who could really afford a $300K housing unit. I don’t see that person being interested in 55y old 2/1.
The only possibility I see would be a retiree with strong ties to the area. [/quote]How about a young married couple in their late 20’s/early 30’s making a combined 80K (40 K each) who are tired of apartment life after 5 years ?
[/quote]
I assumed they would want to have a kid or two in the next several years. In that case 2/1 would not fit. They would rent for another year or two and then look for 3/2.
[/quote]
Look at how many younger couples buy 2 BR condos. At the right price, a 2-1 seems like a great entry level option, especially for couples where having a kid is either not explicitly in the plans yet or is notionally 3-5 years in the future. In fact, we bought a 2/1 when we had a 9-month old baby. (we later added on).
October 21, 2008 at 3:16 PM #291212Participant[quote=BGinRB][quote=FormerSanDiegan][quote=BGinRB]I just tried to think of model of a person who could really afford a $300K housing unit. I don’t see that person being interested in 55y old 2/1.
The only possibility I see would be a retiree with strong ties to the area. [/quote]How about a young married couple in their late 20’s/early 30’s making a combined 80K (40 K each) who are tired of apartment life after 5 years ?
[/quote]
I assumed they would want to have a kid or two in the next several years. In that case 2/1 would not fit. They would rent for another year or two and then look for 3/2.
[/quote]
Look at how many younger couples buy 2 BR condos. At the right price, a 2-1 seems like a great entry level option, especially for couples where having a kid is either not explicitly in the plans yet or is notionally 3-5 years in the future. In fact, we bought a 2/1 when we had a 9-month old baby. (we later added on).
October 21, 2008 at 10:38 PM #290973mike92104
ParticipantAnybody else have an opinion on where the prices will go? Seems like there isn’t a whole lot of activity to bring down the comps.
October 21, 2008 at 10:38 PM #291288ParticipantAnybody else have an opinion on where the prices will go? Seems like there isn’t a whole lot of activity to bring down the comps.
October 21, 2008 at 10:38 PM #291324ParticipantAnybody else have an opinion on where the prices will go? Seems like there isn’t a whole lot of activity to bring down the comps.
October 21, 2008 at 10:38 PM #291327ParticipantAnybody else have an opinion on where the prices will go? Seems like there isn’t a whole lot of activity to bring down the comps.
October 21, 2008 at 10:38 PM #291365ParticipantAnybody else have an opinion on where the prices will go? Seems like there isn’t a whole lot of activity to bring down the comps.
October 21, 2008 at 10:58 PM #290983PadreBrian
ParticipantThe issue I have beyond the 1 bath norm in Allied Gardens, is there is ZERO insulation in the walls on those post-war cottages (high heat & cool), single pain windows, wiring is poor, pluming sucks, and zero storage. Other than that they are just fine.
October 21, 2008 at 10:58 PM #291298ParticipantThe issue I have beyond the 1 bath norm in Allied Gardens, is there is ZERO insulation in the walls on those post-war cottages (high heat & cool), single pain windows, wiring is poor, pluming sucks, and zero storage. Other than that they are just fine.
October 21, 2008 at 10:58 PM #291334ParticipantThe issue I have beyond the 1 bath norm in Allied Gardens, is there is ZERO insulation in the walls on those post-war cottages (high heat & cool), single pain windows, wiring is poor, pluming sucks, and zero storage. Other than that they are just fine.
October 21, 2008 at 10:58 PM #291337ParticipantThe issue I have beyond the 1 bath norm in Allied Gardens, is there is ZERO insulation in the walls on those post-war cottages (high heat & cool), single pain windows, wiring is poor, pluming sucks, and zero storage. Other than that they are just fine.
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