Just divorced. Got to sell in LCV and buy somewhere. Any ideas?

[Eugene]

If I were in your situation, I’d get a condo closer to the ocean. You can get a nice 1-bedroom condo in UTC west of the 5 for 300K or less. A house in SEH is way too much for a single person. It’s really a family area, for families with kids.

If you foresee changes in your situation in the next few years (meeting someone else and raising children again), maybe you shouldn’t buy at all, rent instead.

[Oxford]

Thanks for your replies folks. Much appreciated.

My most appealing scenario (this week) of the 30 or so that I’ve outlined these past few months, is to move in with my girlfriend (been dating one year TODAY!). She has a condo in Del Mar. At around $800 a month (my share), I could save money and watch area homes continue their pricing-death-spiral and then jump back in (buy) when the bubble bursting nuclear winter begins to clear.

Which brings up the next, “crystal ball” question; how long before we hit bottom? Does anyone see 2,800 sq. feet in SEH hitting $300K (or less) or Aviara grinding down to low $400Ks for 3,000 sq. feet? Will we see 2000 pricing again?

Yeah, I know. Who knows? But it would be nice to get an idea how long my condo-colony life will be.

After living in large, elegant homes for years, renting a small condo is not very appealing but these are unique times so I guess prudent strategies (sacrifices?) are in order. And you guys bring up good points about divorce transitions. This freedom is sweet.

Quick Thread Self-Hijack Question: Do I sell most of my furniture or store it?

Thanks again for your great replies☺

OX

[Oxford]

Thanks for your replies folks. Much appreciated.

My most appealing scenario (this week) of the 30 or so that I’ve outlined these past few months, is to move in with my girlfriend (been dating one year TODAY!). She has a condo in Del Mar. At around $800 a month (my share), I could save money and watch area homes continue their pricing-death-spiral and then jump back in (buy) when the bubble bursting nuclear winter begins to clear.

Which brings up the next, “crystal ball” question; how long before we hit bottom? Does anyone see 2,800 sq. feet in SEH hitting $300K (or less) or Aviara grinding down to low $400Ks for 3,000 sq. feet? Will we see 2000 pricing again?

Yeah, I know. Who knows? But it would be nice to get an idea how long my condo-colony life will be.

After living in large, elegant homes for years, renting a small condo is not very appealing but these are unique times so I guess prudent strategies (sacrifices?) are in order. And you guys bring up good points about divorce transitions. This freedom is sweet.

Quick Thread Self-Hijack Question: Do I sell most of my furniture or store it?

Thanks again for your great replies☺

OX

[Oxford]

Thanks for your replies folks. Much appreciated.

My most appealing scenario (this week) of the 30 or so that I’ve outlined these past few months, is to move in with my girlfriend (been dating one year TODAY!). She has a condo in Del Mar. At around $800 a month (my share), I could save money and watch area homes continue their pricing-death-spiral and then jump back in (buy) when the bubble bursting nuclear winter begins to clear.

Which brings up the next, “crystal ball” question; how long before we hit bottom? Does anyone see 2,800 sq. feet in SEH hitting $300K (or less) or Aviara grinding down to low $400Ks for 3,000 sq. feet? Will we see 2000 pricing again?

Yeah, I know. Who knows? But it would be nice to get an idea how long my condo-colony life will be.

After living in large, elegant homes for years, renting a small condo is not very appealing but these are unique times so I guess prudent strategies (sacrifices?) are in order. And you guys bring up good points about divorce transitions. This freedom is sweet.

Quick Thread Self-Hijack Question: Do I sell most of my furniture or store it?

Thanks again for your great replies☺

OX

[Oxford]

Thanks for your replies folks. Much appreciated.

My most appealing scenario (this week) of the 30 or so that I’ve outlined these past few months, is to move in with my girlfriend (been dating one year TODAY!). She has a condo in Del Mar. At around $800 a month (my share), I could save money and watch area homes continue their pricing-death-spiral and then jump back in (buy) when the bubble bursting nuclear winter begins to clear.

Which brings up the next, “crystal ball” question; how long before we hit bottom? Does anyone see 2,800 sq. feet in SEH hitting $300K (or less) or Aviara grinding down to low $400Ks for 3,000 sq. feet? Will we see 2000 pricing again?

Yeah, I know. Who knows? But it would be nice to get an idea how long my condo-colony life will be.

After living in large, elegant homes for years, renting a small condo is not very appealing but these are unique times so I guess prudent strategies (sacrifices?) are in order. And you guys bring up good points about divorce transitions. This freedom is sweet.

Quick Thread Self-Hijack Question: Do I sell most of my furniture or store it?

Thanks again for your great replies☺

OX

[Oxford]

Thanks for your replies folks. Much appreciated.

My most appealing scenario (this week) of the 30 or so that I’ve outlined these past few months, is to move in with my girlfriend (been dating one year TODAY!). She has a condo in Del Mar. At around $800 a month (my share), I could save money and watch area homes continue their pricing-death-spiral and then jump back in (buy) when the bubble bursting nuclear winter begins to clear.

Which brings up the next, “crystal ball” question; how long before we hit bottom? Does anyone see 2,800 sq. feet in SEH hitting $300K (or less) or Aviara grinding down to low $400Ks for 3,000 sq. feet? Will we see 2000 pricing again?

Yeah, I know. Who knows? But it would be nice to get an idea how long my condo-colony life will be.

After living in large, elegant homes for years, renting a small condo is not very appealing but these are unique times so I guess prudent strategies (sacrifices?) are in order. And you guys bring up good points about divorce transitions. This freedom is sweet.

Quick Thread Self-Hijack Question: Do I sell most of my furniture or store it?

Thanks again for your great replies☺

OX

[sdrealtor]

Ox,
All in all very sound advice across the board. As the psychology of the decision you face has been pretty well covered above I’ll stay away from that side. As good as all the advice is, the answer lies inside you not here.

Based upon the information you provided, you are likely an original owner in LCV. Based upon a current FMV value of approx 900K your home is probably down $150K from the peak and $200K at most. It’s a good time to take those chips off the table because another $150 to 200K is not out of the question.

The places you mentioned like SEH are down 300 to 400K off a lower peak number so they are likely closer to a bottom than what you’ve got. While certainly not at a definitive bottom, a lot of the risk associated with your proposed move has been eliminated.

If it were me, I’d have a tough time being a renter at this point in my life but I’m not necessarily the norm. My generic advice to the someone in your position would be sell now, put the stuff in stoarge and find a place to hang your hat for 6 months. In 6 months, you will either be a happy renter or a fed-up nomad craving stability again. If you are the later, the 6 month gap between selling now and buying after the Summer will likely bring you a very nice return. The market wont run away from you so you are in a good position. Take advantage of that position and set yourself up for a good life the next 10 years in whatever way you define that.

[sdrealtor]

Ox,
All in all very sound advice across the board. As the psychology of the decision you face has been pretty well covered above I’ll stay away from that side. As good as all the advice is, the answer lies inside you not here.

Based upon the information you provided, you are likely an original owner in LCV. Based upon a current FMV value of approx 900K your home is probably down $150K from the peak and $200K at most. It’s a good time to take those chips off the table because another $150 to 200K is not out of the question.

The places you mentioned like SEH are down 300 to 400K off a lower peak number so they are likely closer to a bottom than what you’ve got. While certainly not at a definitive bottom, a lot of the risk associated with your proposed move has been eliminated.

If it were me, I’d have a tough time being a renter at this point in my life but I’m not necessarily the norm. My generic advice to the someone in your position would be sell now, put the stuff in stoarge and find a place to hang your hat for 6 months. In 6 months, you will either be a happy renter or a fed-up nomad craving stability again. If you are the later, the 6 month gap between selling now and buying after the Summer will likely bring you a very nice return. The market wont run away from you so you are in a good position. Take advantage of that position and set yourself up for a good life the next 10 years in whatever way you define that.

[sdrealtor]

Ox,
All in all very sound advice across the board. As the psychology of the decision you face has been pretty well covered above I’ll stay away from that side. As good as all the advice is, the answer lies inside you not here.

Based upon the information you provided, you are likely an original owner in LCV. Based upon a current FMV value of approx 900K your home is probably down $150K from the peak and $200K at most. It’s a good time to take those chips off the table because another $150 to 200K is not out of the question.

The places you mentioned like SEH are down 300 to 400K off a lower peak number so they are likely closer to a bottom than what you’ve got. While certainly not at a definitive bottom, a lot of the risk associated with your proposed move has been eliminated.

If it were me, I’d have a tough time being a renter at this point in my life but I’m not necessarily the norm. My generic advice to the someone in your position would be sell now, put the stuff in stoarge and find a place to hang your hat for 6 months. In 6 months, you will either be a happy renter or a fed-up nomad craving stability again. If you are the later, the 6 month gap between selling now and buying after the Summer will likely bring you a very nice return. The market wont run away from you so you are in a good position. Take advantage of that position and set yourself up for a good life the next 10 years in whatever way you define that.

[sdrealtor]

Ox,
All in all very sound advice across the board. As the psychology of the decision you face has been pretty well covered above I’ll stay away from that side. As good as all the advice is, the answer lies inside you not here.

Based upon the information you provided, you are likely an original owner in LCV. Based upon a current FMV value of approx 900K your home is probably down $150K from the peak and $200K at most. It’s a good time to take those chips off the table because another $150 to 200K is not out of the question.

The places you mentioned like SEH are down 300 to 400K off a lower peak number so they are likely closer to a bottom than what you’ve got. While certainly not at a definitive bottom, a lot of the risk associated with your proposed move has been eliminated.

If it were me, I’d have a tough time being a renter at this point in my life but I’m not necessarily the norm. My generic advice to the someone in your position would be sell now, put the stuff in stoarge and find a place to hang your hat for 6 months. In 6 months, you will either be a happy renter or a fed-up nomad craving stability again. If you are the later, the 6 month gap between selling now and buying after the Summer will likely bring you a very nice return. The market wont run away from you so you are in a good position. Take advantage of that position and set yourself up for a good life the next 10 years in whatever way you define that.

[sdrealtor]

Ox,
All in all very sound advice across the board. As the psychology of the decision you face has been pretty well covered above I’ll stay away from that side. As good as all the advice is, the answer lies inside you not here.

Based upon the information you provided, you are likely an original owner in LCV. Based upon a current FMV value of approx 900K your home is probably down $150K from the peak and $200K at most. It’s a good time to take those chips off the table because another $150 to 200K is not out of the question.

The places you mentioned like SEH are down 300 to 400K off a lower peak number so they are likely closer to a bottom than what you’ve got. While certainly not at a definitive bottom, a lot of the risk associated with your proposed move has been eliminated.

If it were me, I’d have a tough time being a renter at this point in my life but I’m not necessarily the norm. My generic advice to the someone in your position would be sell now, put the stuff in stoarge and find a place to hang your hat for 6 months. In 6 months, you will either be a happy renter or a fed-up nomad craving stability again. If you are the later, the 6 month gap between selling now and buying after the Summer will likely bring you a very nice return. The market wont run away from you so you are in a good position. Take advantage of that position and set yourself up for a good life the next 10 years in whatever way you define that.

[Oxford]

I am 56 and work from home and quality of life issues are important to me. My nature is not suited for condo life for an extended period.

I really envision an ocean view and sunsets with lots of space around. The fewer the neighbors the better. Plus my sons visit often and I have a band (headphone practices) so I need (want?) extra rooms.

As far as more kids… I got snipped last week. Shwinng!

ox

[Oxford]

I am 56 and work from home and quality of life issues are important to me. My nature is not suited for condo life for an extended period.

I really envision an ocean view and sunsets with lots of space around. The fewer the neighbors the better. Plus my sons visit often and I have a band (headphone practices) so I need (want?) extra rooms.

As far as more kids… I got snipped last week. Shwinng!

ox

[Oxford]

I am 56 and work from home and quality of life issues are important to me. My nature is not suited for condo life for an extended period.

I really envision an ocean view and sunsets with lots of space around. The fewer the neighbors the better. Plus my sons visit often and I have a band (headphone practices) so I need (want?) extra rooms.

As far as more kids… I got snipped last week. Shwinng!

ox

[Oxford]

I am 56 and work from home and quality of life issues are important to me. My nature is not suited for condo life for an extended period.

I really envision an ocean view and sunsets with lots of space around. The fewer the neighbors the better. Plus my sons visit often and I have a band (headphone practices) so I need (want?) extra rooms.

As far as more kids… I got snipped last week. Shwinng!

ox

[Author]

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