- This topic has 69 replies, 16 voices, and was last updated 10 years, 11 months ago by CA renter.
-
AuthorPosts
-
December 7, 2013 at 11:23 AM #768836December 7, 2013 at 11:25 AM #768838anParticipant
[quote=flu]imho it’s only going to get worse.[/quote]
They’re not making anymore land :-). In all seriousness, SD is almost fully built out, so, you’re right, it’ll only get worse from here. That’s what you get for living in a place with one of the best weather in the country. While we’re complaining it’s cold when it dips down to the 40s, 1/2 of the nation is currently being pounded by icy rain and snow.December 7, 2013 at 11:31 AM #768839paramountParticipantI’m going to search (realtor.com) for a 3/2.5/2 house in San Diego in an area with 9/10 schools that I think will realistically sell for 400k +/- 5%.
That’s 3 bedroom
2.5 bath
2 car garagebetween 390000 and 420000
with a local great schools rating of at least 9 for elem/middle and 8 for high school.
December 7, 2013 at 11:32 AM #768840spdrunParticipantWhy do you need 3/2.5/2 — what’s wrong with a plane-Jane 3/1 or 3/2? SD’s weather is nice enough that you don’t really need a garage to protect your car from a freak snow storm.
December 7, 2013 at 11:34 AM #768841paramountParticipant[quote=spdrun]Why do you need 3/2.5/2 — what’s wrong with a plane-Jane 3/1 or 3/2? SD’s weather is nice enough that you don’t really need a garage to protect your car from a freak snow storm.[/quote]
Come on now…garages are not for cars, they’re for your junk.
BTW, that criteria is easy to meet in Temecula.
December 7, 2013 at 11:36 AM #768842paramountParticipantOk, I finished my search (and I took off the garage requirement) and din’t find 1 property. Not one.
This is the closest I got:
December 7, 2013 at 11:43 AM #768843paramountParticipantThis is what the same money will get you in 92592, and the schools are rated higher than even Poway:
Notice the San Diego property is really a condo.
December 7, 2013 at 12:23 PM #768844spdrunParticipantI have no problem with a condo — also, what ZIP codes are you searching? It’s not that hard to find a 3 bedroom condo between $300-400k in some of the older areas. (ask our favorite ursine lady for where exactly 🙂 )
December 7, 2013 at 12:34 PM #768845CoronitaParticipant[quote=Blogstar]I worry about my kids housing/shelter prospects for the the future as much as college . How about a double whammy , an expensive investment of time and money into college and then poor job prospects, leading to very limited choices on where to live?
Sometimes, I think if it is a matter of having to choose between helping them with college or housing, the more prudent choice is housing. Having established shelter with low carrying costs early on could be more valuable. There are more avenues for accessing college than for accessing housing.
This doesn’t really apply to me because I had zero support, but generally speaking our parents generation didn’t have to worry about job prospects or housing variables to near the degree. I think it would be wise to consider making adjustments.[/quote]
I think it’s gonna be much worse then that.
Here’s what I’m thinking…
1. Housing will be unaffordable for most people.
2. Student loan debt will be up the creek.
3. Job prospects will be fierce with tighter global competition for top paying jobs
4. Taxes will be extremely high for those still working
5. The wealth gap between the people with assets (have’s) versus most that don’t (have not’s) will be even larger.
6. Healthcare will be a huge problem…Me thinks without a silver spoon from parents, our kids are going to be, well, screwed…..For me, the way I’m looking at it, it’s not just screwing up and screwing myself… That would be too easy. It’s also screwing it up for my kid…
I’m already factoring out of any financial aid that my kid will get.. No way…. So with that out of the way, as soon as my kid is responsible enough, you betcha I’m going to start wealth transferring sooner versus later….
Take care of your own, my friend. No one else is going to…Everyone else is going to be in it for themselves…
December 7, 2013 at 12:45 PM #768848anParticipant[quote=paramount]I’m going to search (realtor.com) for a 3/2.5/2 house in San Diego in an area with 9/10 schools that I think will realistically sell for 400k +/- 5%.
That’s 3 bedroom
2.5 bath
2 car garagebetween 390000 and 420000
with a local great schools rating of at least 9 for elem/middle and 8 for high school.[/quote]It’s harder to get 2.5 bath, but 3/2 and 4/2 are all over Mira Mesa. They’re more between 400-450k instead of 390-420k. The Elementary schools are 9 and 10, the middle school and high school are 9.
December 7, 2013 at 12:58 PM #768850scaredyclassicParticipant[quote=flu][quote=Blogstar]I worry about my kids housing/shelter prospects for the the future as much as college . How about a double whammy , an expensive investment of time and money into college and then poor job prospects, leading to very limited choices on where to live?
Sometimes, I think if it is a matter of having to choose between helping them with college or housing, the more prudent choice is housing. Having established shelter with low carrying costs early on could be more valuable. There are more avenues for accessing college than for accessing housing.
This doesn’t really apply to me because I had zero support, but generally speaking our parents generation didn’t have to worry about job prospects or housing variables to near the degree. I think it would be wise to consider making adjustments.[/quote]
I think it’s gonna be much worse then that.
Here’s what I’m thinking…
1. Housing will be unaffordable for most people.
2. Student loan debt will be up the creek.
3. Job prospects will be fierce with tighter global competition for top paying jobs
4. Taxes will be extremely high for those still working
5. The wealth gap between the people with assets (have’s) versus most that don’t (have not’s) will be even larger.
6. Healthcare will be a huge problem…Me thinks without a silver spoon from parents, our kids are going to be, well, screwed…..For me, the way I’m looking at it, it’s not just screwing up and screwing myself… That would be too easy. It’s also screwing it up for my kid…
I’m already factoring out of any financial aid that my kid will get.. No way…. So with that out of the way, as soon as my kid is responsible enough, you betcha I’m going to start wealth transferring sooner versus later….
Take care of your own, my friend. No one else is going to…Everyone else is going to be in it for themselves…[/quote]
In the future, happiness will be higher.
December 7, 2013 at 1:05 PM #768849anParticipant[quote=paramount]This is what the same money will get you in 92592, and the schools are rated higher than even Poway:
Notice the San Diego property is really a condo.[/quote]Of course you can’t get as big of a house in San Diego compare to Temecula. But then you’re trading house size for distance to work.
This is what you get for a place w/in 5-15 minutes from SD’s view largest private employers.
http://www.sdlookup.com/MLS-130061746-10334_Darden_Rd_San_Diego_CA_92126. There’s no MR or HOA. That’s ~$260/month, or equivalently to ~$50k in housing price.You preferred bigger house and can deal with commute. Other don’t mind smaller houses but hate commute. But to say you can’t get a house in the $400k in San Diego is wrong.
BTW, if you’re looking a place closer to RB area, you can pick this up in San Marcos: http://www.redfin.com/CA/San-Marcos/971-Rose-Arbor-Dr-92078/home/3949871
If you’re looking for a place closer to Downtown (if you work down there), you can pick up something like this one: http://www.sdlookup.com/MLS-130043985-1768_Wolf_Canyon_Loop_Chula_Vista_CA_91913
Schools in Both San Marcos and Eastlake are good too.
December 7, 2013 at 5:23 PM #768852paramountParticipant[quote=AN]
You preferred bigger house and can deal with commute. [/quote]
It isn’t about the bigger house, it really isn’t.
It’s all about value….and that’s what Temecula over-delivers on.
December 7, 2013 at 7:02 PM #768853CoronitaParticipant[quote=6packscaredy][quote=flu][quote=Blogstar]I worry about my kids housing/shelter prospects for the the future as much as college . How about a double whammy , an expensive investment of time and money into college and then poor job prospects, leading to very limited choices on where to live?
Sometimes, I think if it is a matter of having to choose between helping them with college or housing, the more prudent choice is housing. Having established shelter with low carrying costs early on could be more valuable. There are more avenues for accessing college than for accessing housing.
This doesn’t really apply to me because I had zero support, but generally speaking our parents generation didn’t have to worry about job prospects or housing variables to near the degree. I think it would be wise to consider making adjustments.[/quote]
I think it’s gonna be much worse then that.
Here’s what I’m thinking…
1. Housing will be unaffordable for most people.
2. Student loan debt will be up the creek.
3. Job prospects will be fierce with tighter global competition for top paying jobs
4. Taxes will be extremely high for those still working
5. The wealth gap between the people with assets (have’s) versus most that don’t (have not’s) will be even larger.
6. Healthcare will be a huge problem…Me thinks without a silver spoon from parents, our kids are going to be, well, screwed…..For me, the way I’m looking at it, it’s not just screwing up and screwing myself… That would be too easy. It’s also screwing it up for my kid…
I’m already factoring out of any financial aid that my kid will get.. No way…. So with that out of the way, as soon as my kid is responsible enough, you betcha I’m going to start wealth transferring sooner versus later….
Take care of your own, my friend. No one else is going to…Everyone else is going to be in it for themselves…[/quote]
In the future, happiness will be higher.[/quote]
Maybe, but they way things are going, I doubt we will be the leaders in space and tech…. Kinda hard to when China probing the moon, India is working on probing Mars, and NASA is grounded and we need to hitch a ride with a Russian booster rocket…Just saying….
I think (I hope I’m wrong) the scariest thing is in the future America has 1 generation of kids that are actually behind the rest of the world in tech and innovation because the collective we stopped growing our future generation to be smarter… We can kiss whatever edge we currently have goodbye…
December 7, 2013 at 7:12 PM #768854anParticipant[quote=paramount][quote=AN]
You preferred bigger house and can deal with commute. [/quote]
It isn’t about the bigger house, it really isn’t.
It’s all about value….and that’s what Temecula over-delivers on.[/quote]
but value is all relative to what you rank highest on your priority list. Which is why you see great value in Temecula. You don’t mind commuting and prefer bigger house. I on the other hand don’t see Temecula high on value at all. To me, Mira Mesa offer higher value because I hate hate commuting. I’m currently living 3 miles from work. That to me is value. I get good school, decent size house, but most importantly is being 3 miles from work. There’s no right or wrong here. Just different priority. -
AuthorPosts
- You must be logged in to reply to this topic.