Any thoughts on South Carlsbad

[NewtoSanDiego]

Lets see…. you are willing to spend up to 900K and put 100K down. That would make it a 800K loan.
That would put you in a jumbo loan, you are way over the standard conforming and new “jumbo” conforming limits in the mid 500s

If I were you, I would wait and save for a bigger down payment and likelihood of lower prices next year. There is still a huge spread between a conforming and a jumbo. Current rates are mid to high 7%

You will get ripped off going with jumbo loans when 30yr conforming are approaching under 5%. I hope you both have stable dual income jobs in good industries. You should be able to save quickly for a large downpayment if so.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHwIBpFQkEhM

[waiting for bottom]

I know, I know…

My range is truthfully $550K to $900K, depending on how bullish I feel that week.

$900K is doable with $210K of income, comfortably. Probably too risky for my taste but I would love that ocean view house in The Bay Collection.

$550K is more like $170K – again, comfortably. This includes max 401k and IRA – which is default for me.

If my schoolteacher wife can pull in 65K, that meansI need $105K for $550K or $145K for $900K.

I make more than that now, but call me conservative or cautious….I’ll probably split the difference and end up around $725K.

Wouldn’t it be nice if the conforming limit stayed at $697K…

[waiting for bottom]

I know, I know…

My range is truthfully $550K to $900K, depending on how bullish I feel that week.

$900K is doable with $210K of income, comfortably. Probably too risky for my taste but I would love that ocean view house in The Bay Collection.

$550K is more like $170K – again, comfortably. This includes max 401k and IRA – which is default for me.

If my schoolteacher wife can pull in 65K, that meansI need $105K for $550K or $145K for $900K.

I make more than that now, but call me conservative or cautious….I’ll probably split the difference and end up around $725K.

Wouldn’t it be nice if the conforming limit stayed at $697K…

[waiting for bottom]

I know, I know…

My range is truthfully $550K to $900K, depending on how bullish I feel that week.

$900K is doable with $210K of income, comfortably. Probably too risky for my taste but I would love that ocean view house in The Bay Collection.

$550K is more like $170K – again, comfortably. This includes max 401k and IRA – which is default for me.

If my schoolteacher wife can pull in 65K, that meansI need $105K for $550K or $145K for $900K.

I make more than that now, but call me conservative or cautious….I’ll probably split the difference and end up around $725K.

Wouldn’t it be nice if the conforming limit stayed at $697K…

[waiting for bottom]

I know, I know…

My range is truthfully $550K to $900K, depending on how bullish I feel that week.

$900K is doable with $210K of income, comfortably. Probably too risky for my taste but I would love that ocean view house in The Bay Collection.

$550K is more like $170K – again, comfortably. This includes max 401k and IRA – which is default for me.

If my schoolteacher wife can pull in 65K, that meansI need $105K for $550K or $145K for $900K.

I make more than that now, but call me conservative or cautious….I’ll probably split the difference and end up around $725K.

Wouldn’t it be nice if the conforming limit stayed at $697K…

[waiting for bottom]

I know, I know…

My range is truthfully $550K to $900K, depending on how bullish I feel that week.

$900K is doable with $210K of income, comfortably. Probably too risky for my taste but I would love that ocean view house in The Bay Collection.

$550K is more like $170K – again, comfortably. This includes max 401k and IRA – which is default for me.

If my schoolteacher wife can pull in 65K, that meansI need $105K for $550K or $145K for $900K.

I make more than that now, but call me conservative or cautious….I’ll probably split the difference and end up around $725K.

Wouldn’t it be nice if the conforming limit stayed at $697K…

[sdrealtor]

wfb
I would expect a nice house to be doable in every neighborhood in your original post except one (Arroyo Vista). Hang in there. BTW, I have 3 schoolteacher wives lving on my street, perhaps more I dont even know about.

sdr

[sdrealtor]

wfb
I would expect a nice house to be doable in every neighborhood in your original post except one (Arroyo Vista). Hang in there. BTW, I have 3 schoolteacher wives lving on my street, perhaps more I dont even know about.

sdr

[sdrealtor]

wfb
I would expect a nice house to be doable in every neighborhood in your original post except one (Arroyo Vista). Hang in there. BTW, I have 3 schoolteacher wives lving on my street, perhaps more I dont even know about.

sdr

[sdrealtor]

wfb
I would expect a nice house to be doable in every neighborhood in your original post except one (Arroyo Vista). Hang in there. BTW, I have 3 schoolteacher wives lving on my street, perhaps more I dont even know about.

sdr

[sdrealtor]

wfb
I would expect a nice house to be doable in every neighborhood in your original post except one (Arroyo Vista). Hang in there. BTW, I have 3 schoolteacher wives lving on my street, perhaps more I dont even know about.

sdr

[niy38]

current buying in south carlsbad is not a wise
idea: for a 2000 sqt SFH built around 1990-2000,
you probably got to pay at least 550k in peripheral
area, but you can get same square footage with about
350K in south Vista, San Marcos ( or Oceanside,
although it’s not my choice).

If you insist on buying in carsbad ( which I quite
understand), wait for another 1 or 2 years. The
prices in Carlsbad, or Encinitas, or Carmel Valley,
may drop to a more reasonable range, Maybe not,
it’s your gamble, and if you can wait.

[niy38]

current buying in south carlsbad is not a wise
idea: for a 2000 sqt SFH built around 1990-2000,
you probably got to pay at least 550k in peripheral
area, but you can get same square footage with about
350K in south Vista, San Marcos ( or Oceanside,
although it’s not my choice).

If you insist on buying in carsbad ( which I quite
understand), wait for another 1 or 2 years. The
prices in Carlsbad, or Encinitas, or Carmel Valley,
may drop to a more reasonable range, Maybe not,
it’s your gamble, and if you can wait.

[niy38]

current buying in south carlsbad is not a wise
idea: for a 2000 sqt SFH built around 1990-2000,
you probably got to pay at least 550k in peripheral
area, but you can get same square footage with about
350K in south Vista, San Marcos ( or Oceanside,
although it’s not my choice).

If you insist on buying in carsbad ( which I quite
understand), wait for another 1 or 2 years. The
prices in Carlsbad, or Encinitas, or Carmel Valley,
may drop to a more reasonable range, Maybe not,
it’s your gamble, and if you can wait.

[niy38]

current buying in south carlsbad is not a wise
idea: for a 2000 sqt SFH built around 1990-2000,
you probably got to pay at least 550k in peripheral
area, but you can get same square footage with about
350K in south Vista, San Marcos ( or Oceanside,
although it’s not my choice).

If you insist on buying in carsbad ( which I quite
understand), wait for another 1 or 2 years. The
prices in Carlsbad, or Encinitas, or Carmel Valley,
may drop to a more reasonable range, Maybe not,
it’s your gamble, and if you can wait.

[Author]

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