Areas that buying makes sense

[4plexowner]

“for those making 100K or more”

just curious – how many families making $100K or more are interested in living in the $400K Clairemont house?

we’re most likely talking 3/1, 1000 SQFT with 1 car garage – built in 1950’s and most likely needs serious updating

to each their own

[Raybyrnes]

400 might be a little too much but this makes perfect senses. Buy the house and live in it for 5 years. Rebuild your down payments. Move to a better neighborhood as kids reach middle and high school. Rent out clairmont home.Fixed income rates are low pay extra on the mortgage. Fixed interest rates are high slow pay the mortgage and stick money in risk free.

[Raybyrnes]

400 might be a little too much but this makes perfect senses. Buy the house and live in it for 5 years. Rebuild your down payments. Move to a better neighborhood as kids reach middle and high school. Rent out clairmont home.Fixed income rates are low pay extra on the mortgage. Fixed interest rates are high slow pay the mortgage and stick money in risk free.

[Raybyrnes]

400 might be a little too much but this makes perfect senses. Buy the house and live in it for 5 years. Rebuild your down payments. Move to a better neighborhood as kids reach middle and high school. Rent out clairmont home.Fixed income rates are low pay extra on the mortgage. Fixed interest rates are high slow pay the mortgage and stick money in risk free.

[Raybyrnes]

400 might be a little too much but this makes perfect senses. Buy the house and live in it for 5 years. Rebuild your down payments. Move to a better neighborhood as kids reach middle and high school. Rent out clairmont home.Fixed income rates are low pay extra on the mortgage. Fixed interest rates are high slow pay the mortgage and stick money in risk free.

[Raybyrnes]

400 might be a little too much but this makes perfect senses. Buy the house and live in it for 5 years. Rebuild your down payments. Move to a better neighborhood as kids reach middle and high school. Rent out clairmont home.Fixed income rates are low pay extra on the mortgage. Fixed interest rates are high slow pay the mortgage and stick money in risk free.

[sdduuuude]

[quote=4plexowner]just curious – how many families making $100K or more are interested in living in the $400K Clairemont house?[/quote]

They definitely exist. Typically, they were either high-end blue-collar, teachers, or single-income professionals. We hang out with a few $100K+ families in the area. We are all happy to be living within our means.

Roughly the premium between here and Carmel Valley for the same size house and lot is about $300-350K. For the same size house on 25% smaller CV lot, you still pay $150-$200K. That comparison makes it a palatable choice for many.

The parts of Clairemont that you can see from the major roads are not so nice, and there are areas to avoid, but the comment that “most of the area is ghetto” is not one borne from in-depth knowledge of the area.

Here’s a nice place near friends of ours which that sold recently. With some cosmetic changes, it is very livable in an area where you’d let your kids play in the street:
http://www.redfin.com/CA/San-Diego/4802-Mount-La-Palma-Dr-92117/home/4960258

[sdduuuude]

[quote=4plexowner]just curious – how many families making $100K or more are interested in living in the $400K Clairemont house?[/quote]

They definitely exist. Typically, they were either high-end blue-collar, teachers, or single-income professionals. We hang out with a few $100K+ families in the area. We are all happy to be living within our means.

Roughly the premium between here and Carmel Valley for the same size house and lot is about $300-350K. For the same size house on 25% smaller CV lot, you still pay $150-$200K. That comparison makes it a palatable choice for many.

The parts of Clairemont that you can see from the major roads are not so nice, and there are areas to avoid, but the comment that “most of the area is ghetto” is not one borne from in-depth knowledge of the area.

Here’s a nice place near friends of ours which that sold recently. With some cosmetic changes, it is very livable in an area where you’d let your kids play in the street:
http://www.redfin.com/CA/San-Diego/4802-Mount-La-Palma-Dr-92117/home/4960258

[sdduuuude]

[quote=4plexowner]just curious – how many families making $100K or more are interested in living in the $400K Clairemont house?[/quote]

They definitely exist. Typically, they were either high-end blue-collar, teachers, or single-income professionals. We hang out with a few $100K+ families in the area. We are all happy to be living within our means.

Roughly the premium between here and Carmel Valley for the same size house and lot is about $300-350K. For the same size house on 25% smaller CV lot, you still pay $150-$200K. That comparison makes it a palatable choice for many.

The parts of Clairemont that you can see from the major roads are not so nice, and there are areas to avoid, but the comment that “most of the area is ghetto” is not one borne from in-depth knowledge of the area.

Here’s a nice place near friends of ours which that sold recently. With some cosmetic changes, it is very livable in an area where you’d let your kids play in the street:
http://www.redfin.com/CA/San-Diego/4802-Mount-La-Palma-Dr-92117/home/4960258

[sdduuuude]

[quote=4plexowner]just curious – how many families making $100K or more are interested in living in the $400K Clairemont house?[/quote]

They definitely exist. Typically, they were either high-end blue-collar, teachers, or single-income professionals. We hang out with a few $100K+ families in the area. We are all happy to be living within our means.

Roughly the premium between here and Carmel Valley for the same size house and lot is about $300-350K. For the same size house on 25% smaller CV lot, you still pay $150-$200K. That comparison makes it a palatable choice for many.

The parts of Clairemont that you can see from the major roads are not so nice, and there are areas to avoid, but the comment that “most of the area is ghetto” is not one borne from in-depth knowledge of the area.

Here’s a nice place near friends of ours which that sold recently. With some cosmetic changes, it is very livable in an area where you’d let your kids play in the street:
http://www.redfin.com/CA/San-Diego/4802-Mount-La-Palma-Dr-92117/home/4960258

[sdduuuude]

[quote=4plexowner]just curious – how many families making $100K or more are interested in living in the $400K Clairemont house?[/quote]

They definitely exist. Typically, they were either high-end blue-collar, teachers, or single-income professionals. We hang out with a few $100K+ families in the area. We are all happy to be living within our means.

Roughly the premium between here and Carmel Valley for the same size house and lot is about $300-350K. For the same size house on 25% smaller CV lot, you still pay $150-$200K. That comparison makes it a palatable choice for many.

The parts of Clairemont that you can see from the major roads are not so nice, and there are areas to avoid, but the comment that “most of the area is ghetto” is not one borne from in-depth knowledge of the area.

Here’s a nice place near friends of ours which that sold recently. With some cosmetic changes, it is very livable in an area where you’d let your kids play in the street:
http://www.redfin.com/CA/San-Diego/4802-Mount-La-Palma-Dr-92117/home/4960258

[4plexowner]

I’m not knocking Clairemont by any means – it’s the first area I lived in when I moved to San Diego almost 20 years ago – I feel comfortable there because it is very similar to the neighborhoods that I grew up in

it is a central location with easy access to all the major freeways

I will definitely be buying in Clairemont at the bottom (2012 or so in case you have forgotten)

I suspect that Clairemont will be one of the areas that ‘pops’ in the next RE up-cycle – people will be tearing down the 1950’s junk and building overly large, expensive homes on the lots (unless we have come to our senses by then)

[4plexowner]

I’m not knocking Clairemont by any means – it’s the first area I lived in when I moved to San Diego almost 20 years ago – I feel comfortable there because it is very similar to the neighborhoods that I grew up in

it is a central location with easy access to all the major freeways

I will definitely be buying in Clairemont at the bottom (2012 or so in case you have forgotten)

I suspect that Clairemont will be one of the areas that ‘pops’ in the next RE up-cycle – people will be tearing down the 1950’s junk and building overly large, expensive homes on the lots (unless we have come to our senses by then)

[4plexowner]

I’m not knocking Clairemont by any means – it’s the first area I lived in when I moved to San Diego almost 20 years ago – I feel comfortable there because it is very similar to the neighborhoods that I grew up in

it is a central location with easy access to all the major freeways

I will definitely be buying in Clairemont at the bottom (2012 or so in case you have forgotten)

I suspect that Clairemont will be one of the areas that ‘pops’ in the next RE up-cycle – people will be tearing down the 1950’s junk and building overly large, expensive homes on the lots (unless we have come to our senses by then)

[4plexowner]

I’m not knocking Clairemont by any means – it’s the first area I lived in when I moved to San Diego almost 20 years ago – I feel comfortable there because it is very similar to the neighborhoods that I grew up in

it is a central location with easy access to all the major freeways

I will definitely be buying in Clairemont at the bottom (2012 or so in case you have forgotten)

I suspect that Clairemont will be one of the areas that ‘pops’ in the next RE up-cycle – people will be tearing down the 1950’s junk and building overly large, expensive homes on the lots (unless we have come to our senses by then)

[Author]

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