- This topic has 185 replies, 16 voices, and was last updated 16 years, 7 months ago by
Reality.
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April 20, 2008 at 12:27 PM #190980April 20, 2008 at 12:29 PM #190872
Reality
Participant“The Metrics are always out of whack for the best neighborhoods…”
Was that AS true a decade ago?
April 20, 2008 at 12:29 PM #190895Participant“The Metrics are always out of whack for the best neighborhoods…”
Was that AS true a decade ago?
April 20, 2008 at 12:29 PM #190924Participant“The Metrics are always out of whack for the best neighborhoods…”
Was that AS true a decade ago?
April 20, 2008 at 12:29 PM #190938Participant“The Metrics are always out of whack for the best neighborhoods…”
Was that AS true a decade ago?
April 20, 2008 at 12:29 PM #190986Participant“The Metrics are always out of whack for the best neighborhoods…”
Was that AS true a decade ago?
April 20, 2008 at 2:26 PM #190922jonnycsd
ParticipantYes, the assumptions in the original post are off quite a bit. Especially if you have Head of Household filing status with several kids. Also, many households will have either double incomes or large downpayments.
The vast majority of families who live in $1MM homes / CV / Del Mar or any where else either have two incomes or one income that actually tops $200K. Remember, these areas are only a TINY fraction of homes in San Diego, and all the doctors, lawyers, consultants, business owners and executives do have to live somewhere. (Mortgage brokers don’t make the list any more). Also, dont forget about the people who have been working (and saving) for 30 years – even if they dont make $200K a year, if they bring a $400K downpayment it changes the math quite a bit.
April 20, 2008 at 2:26 PM #190945ParticipantYes, the assumptions in the original post are off quite a bit. Especially if you have Head of Household filing status with several kids. Also, many households will have either double incomes or large downpayments.
The vast majority of families who live in $1MM homes / CV / Del Mar or any where else either have two incomes or one income that actually tops $200K. Remember, these areas are only a TINY fraction of homes in San Diego, and all the doctors, lawyers, consultants, business owners and executives do have to live somewhere. (Mortgage brokers don’t make the list any more). Also, dont forget about the people who have been working (and saving) for 30 years – even if they dont make $200K a year, if they bring a $400K downpayment it changes the math quite a bit.
April 20, 2008 at 2:26 PM #190974ParticipantYes, the assumptions in the original post are off quite a bit. Especially if you have Head of Household filing status with several kids. Also, many households will have either double incomes or large downpayments.
The vast majority of families who live in $1MM homes / CV / Del Mar or any where else either have two incomes or one income that actually tops $200K. Remember, these areas are only a TINY fraction of homes in San Diego, and all the doctors, lawyers, consultants, business owners and executives do have to live somewhere. (Mortgage brokers don’t make the list any more). Also, dont forget about the people who have been working (and saving) for 30 years – even if they dont make $200K a year, if they bring a $400K downpayment it changes the math quite a bit.
April 20, 2008 at 2:26 PM #190988ParticipantYes, the assumptions in the original post are off quite a bit. Especially if you have Head of Household filing status with several kids. Also, many households will have either double incomes or large downpayments.
The vast majority of families who live in $1MM homes / CV / Del Mar or any where else either have two incomes or one income that actually tops $200K. Remember, these areas are only a TINY fraction of homes in San Diego, and all the doctors, lawyers, consultants, business owners and executives do have to live somewhere. (Mortgage brokers don’t make the list any more). Also, dont forget about the people who have been working (and saving) for 30 years – even if they dont make $200K a year, if they bring a $400K downpayment it changes the math quite a bit.
April 20, 2008 at 2:26 PM #191035ParticipantYes, the assumptions in the original post are off quite a bit. Especially if you have Head of Household filing status with several kids. Also, many households will have either double incomes or large downpayments.
The vast majority of families who live in $1MM homes / CV / Del Mar or any where else either have two incomes or one income that actually tops $200K. Remember, these areas are only a TINY fraction of homes in San Diego, and all the doctors, lawyers, consultants, business owners and executives do have to live somewhere. (Mortgage brokers don’t make the list any more). Also, dont forget about the people who have been working (and saving) for 30 years – even if they dont make $200K a year, if they bring a $400K downpayment it changes the math quite a bit.
April 20, 2008 at 3:21 PM #190942waiting for bottom
ParticipantLarry the Renter is way off base…how can you claim buy premium but no rent premium. Give me a break.
Call me a Pigg or whatever you want, the bottom line is that I could buy into CV or Carlsbad or Encinitas if I wanted to. However, I am financially smart/conservative enough to know better. It is an absolute no-brainer that those areas will fall 10-30% over the next 2-3 years based on fundamentals…pick your metric.
I have worked too hard to let my downpayment get washed away by my eagerness to buy now.
April 20, 2008 at 3:21 PM #190965ParticipantLarry the Renter is way off base…how can you claim buy premium but no rent premium. Give me a break.
Call me a Pigg or whatever you want, the bottom line is that I could buy into CV or Carlsbad or Encinitas if I wanted to. However, I am financially smart/conservative enough to know better. It is an absolute no-brainer that those areas will fall 10-30% over the next 2-3 years based on fundamentals…pick your metric.
I have worked too hard to let my downpayment get washed away by my eagerness to buy now.
April 20, 2008 at 3:21 PM #190994ParticipantLarry the Renter is way off base…how can you claim buy premium but no rent premium. Give me a break.
Call me a Pigg or whatever you want, the bottom line is that I could buy into CV or Carlsbad or Encinitas if I wanted to. However, I am financially smart/conservative enough to know better. It is an absolute no-brainer that those areas will fall 10-30% over the next 2-3 years based on fundamentals…pick your metric.
I have worked too hard to let my downpayment get washed away by my eagerness to buy now.
April 20, 2008 at 3:21 PM #191008ParticipantLarry the Renter is way off base…how can you claim buy premium but no rent premium. Give me a break.
Call me a Pigg or whatever you want, the bottom line is that I could buy into CV or Carlsbad or Encinitas if I wanted to. However, I am financially smart/conservative enough to know better. It is an absolute no-brainer that those areas will fall 10-30% over the next 2-3 years based on fundamentals…pick your metric.
I have worked too hard to let my downpayment get washed away by my eagerness to buy now.
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