Just relocated to SD & want to move to Del Cerro area… buy or rent?

[DWCAP]

Gotta love that “throwing money away on rent” phylosophy. It has probly saved you tens if not hundreds of thousands of dollars in lost equity you would have taken by moving right now from just about anywhere in the country.

I dont know where you moved from, but if it was anywhere in CA,FL AZ, NV, the upper-midwest, or certain cities like St. Paul or Atlanta you should be thanking your lucky stars you were a renter. Either you wouldnt have that 200k DP, or you would still be where you use to be dreaming about the job that got away because you couldnt sell your house. Frame it in that context and renting is prob the single smartest thing you have done in the past few years.

Needless to say, I think your husband has the right idea.

[EconProf]

Amen DWCAP. Let’s examine that statement “throwing your money away on rent”.

Paying a month’s rent gets the tenant a place to live, running water, bedrooms, electrical outlets, heating and cooling, a kitchen, a bathroom or two or three, a garage or parking places, probably a yard, for the whole bloomin family and maybe pets.
All that from a possibly underwater landlord (I’m one) who may write a bigger mortgage check monthly than your rent, who also pays your property tax, insurance, repairs, & gets to see his property value fall at least 1% each month.

I’d call that a screaming bargain for the tenant.

[EconProf]

Amen DWCAP. Let’s examine that statement “throwing your money away on rent”.

Paying a month’s rent gets the tenant a place to live, running water, bedrooms, electrical outlets, heating and cooling, a kitchen, a bathroom or two or three, a garage or parking places, probably a yard, for the whole bloomin family and maybe pets.
All that from a possibly underwater landlord (I’m one) who may write a bigger mortgage check monthly than your rent, who also pays your property tax, insurance, repairs, & gets to see his property value fall at least 1% each month.

I’d call that a screaming bargain for the tenant.

[EconProf]

Amen DWCAP. Let’s examine that statement “throwing your money away on rent”.

Paying a month’s rent gets the tenant a place to live, running water, bedrooms, electrical outlets, heating and cooling, a kitchen, a bathroom or two or three, a garage or parking places, probably a yard, for the whole bloomin family and maybe pets.
All that from a possibly underwater landlord (I’m one) who may write a bigger mortgage check monthly than your rent, who also pays your property tax, insurance, repairs, & gets to see his property value fall at least 1% each month.

I’d call that a screaming bargain for the tenant.

[EconProf]

Amen DWCAP. Let’s examine that statement “throwing your money away on rent”.

Paying a month’s rent gets the tenant a place to live, running water, bedrooms, electrical outlets, heating and cooling, a kitchen, a bathroom or two or three, a garage or parking places, probably a yard, for the whole bloomin family and maybe pets.
All that from a possibly underwater landlord (I’m one) who may write a bigger mortgage check monthly than your rent, who also pays your property tax, insurance, repairs, & gets to see his property value fall at least 1% each month.

I’d call that a screaming bargain for the tenant.

[EconProf]

Amen DWCAP. Let’s examine that statement “throwing your money away on rent”.

Paying a month’s rent gets the tenant a place to live, running water, bedrooms, electrical outlets, heating and cooling, a kitchen, a bathroom or two or three, a garage or parking places, probably a yard, for the whole bloomin family and maybe pets.
All that from a possibly underwater landlord (I’m one) who may write a bigger mortgage check monthly than your rent, who also pays your property tax, insurance, repairs, & gets to see his property value fall at least 1% each month.

I’d call that a screaming bargain for the tenant.

[TuVu]

lmack–

I’m not going to take a stand on the rent/buy issue, but I think Del Cerro is an excellent choice in terms of neighborhood. You could bike to Alvarado, if you wanted to, and your husband’s commute won’t be very hard either, even during the height of rush hours. You’re just a few exits from the 163 and the shopping/dining in Mission Valley is just minutes away. Most people on this board want to live in the North County coast area, and that’s fine, because there are a lot of employment centers nearby area. Just wanted to put in a good word for this area of Metro San Diego because it seems to be the ideal choice for your employment situations.

p.s. I am OLD! Used to make out with high school boyfriends at night in the hills of Del Cerro, when the roads were already built but construction was still underway and the views were fantastic.

[TuVu]

lmack–

I’m not going to take a stand on the rent/buy issue, but I think Del Cerro is an excellent choice in terms of neighborhood. You could bike to Alvarado, if you wanted to, and your husband’s commute won’t be very hard either, even during the height of rush hours. You’re just a few exits from the 163 and the shopping/dining in Mission Valley is just minutes away. Most people on this board want to live in the North County coast area, and that’s fine, because there are a lot of employment centers nearby area. Just wanted to put in a good word for this area of Metro San Diego because it seems to be the ideal choice for your employment situations.

p.s. I am OLD! Used to make out with high school boyfriends at night in the hills of Del Cerro, when the roads were already built but construction was still underway and the views were fantastic.

[TuVu]

lmack–

I’m not going to take a stand on the rent/buy issue, but I think Del Cerro is an excellent choice in terms of neighborhood. You could bike to Alvarado, if you wanted to, and your husband’s commute won’t be very hard either, even during the height of rush hours. You’re just a few exits from the 163 and the shopping/dining in Mission Valley is just minutes away. Most people on this board want to live in the North County coast area, and that’s fine, because there are a lot of employment centers nearby area. Just wanted to put in a good word for this area of Metro San Diego because it seems to be the ideal choice for your employment situations.

p.s. I am OLD! Used to make out with high school boyfriends at night in the hills of Del Cerro, when the roads were already built but construction was still underway and the views were fantastic.

[TuVu]

lmack–

I’m not going to take a stand on the rent/buy issue, but I think Del Cerro is an excellent choice in terms of neighborhood. You could bike to Alvarado, if you wanted to, and your husband’s commute won’t be very hard either, even during the height of rush hours. You’re just a few exits from the 163 and the shopping/dining in Mission Valley is just minutes away. Most people on this board want to live in the North County coast area, and that’s fine, because there are a lot of employment centers nearby area. Just wanted to put in a good word for this area of Metro San Diego because it seems to be the ideal choice for your employment situations.

p.s. I am OLD! Used to make out with high school boyfriends at night in the hills of Del Cerro, when the roads were already built but construction was still underway and the views were fantastic.

[TuVu]

lmack–

I’m not going to take a stand on the rent/buy issue, but I think Del Cerro is an excellent choice in terms of neighborhood. You could bike to Alvarado, if you wanted to, and your husband’s commute won’t be very hard either, even during the height of rush hours. You’re just a few exits from the 163 and the shopping/dining in Mission Valley is just minutes away. Most people on this board want to live in the North County coast area, and that’s fine, because there are a lot of employment centers nearby area. Just wanted to put in a good word for this area of Metro San Diego because it seems to be the ideal choice for your employment situations.

p.s. I am OLD! Used to make out with high school boyfriends at night in the hills of Del Cerro, when the roads were already built but construction was still underway and the views were fantastic.

[LostCat]

Imack,

A few things to consider:

1) the state of the market. Like pretty much everyone has said, it will probably go down a bit more. You could save by waiting.

2) Did you find a house you like in Del Cerro?

3) schools, You have about 4 years before your kid starts Kindergarten, so no rush there.

4) if your kid is going to day-care, there are a couple of places near by that are good (mission valley Nazaren daycare is good) Home daycares are far and few between. We found one good one.

5) How much work does the house need that you’re going to move into? You might be able to negotiate a 2010 price.

6) specific neighborhood. What area of Del Cerro are you look at?Princess Del Cerro, Old Del Cerro? Make sure you don’t end up in Allied Gardens (different Elementary School = poor primary education)

7) Easy access to everywhere. Good bus service to the SDSU trolley Station or Grantville for future commuting needs when Gas his $10 a gallon.

8) walk to Windmill farms, no need to get in car

9) nice community pool (del cerro park). $40.00 per month to join, pool heated 9-month a year at 84 degrees. Kids can learn to swim, kids pool, sand-box, basketball courts, bbqs areas, etc..

10) lots of remodling going on right now. A number of new younger families have moved in recently. Older folks keep the place in order and eyes on the streets during the day when everyone is at work.

11) great sense of community. been her for about 7 years. about the second year living here, my wife and I started to feel part of it. It takes time.

12) IF you are going to rent in del cerro, you’;ll have to rent a house. Not too much condo living around or available that would give you the same feel as owning. Unfortunately, Condo dweller and owners in communities like this tend to take on two different lives.

[LostCat]

Imack,

A few things to consider:

1) the state of the market. Like pretty much everyone has said, it will probably go down a bit more. You could save by waiting.

2) Did you find a house you like in Del Cerro?

3) schools, You have about 4 years before your kid starts Kindergarten, so no rush there.

4) if your kid is going to day-care, there are a couple of places near by that are good (mission valley Nazaren daycare is good) Home daycares are far and few between. We found one good one.

5) How much work does the house need that you’re going to move into? You might be able to negotiate a 2010 price.

6) specific neighborhood. What area of Del Cerro are you look at?Princess Del Cerro, Old Del Cerro? Make sure you don’t end up in Allied Gardens (different Elementary School = poor primary education)

7) Easy access to everywhere. Good bus service to the SDSU trolley Station or Grantville for future commuting needs when Gas his $10 a gallon.

8) walk to Windmill farms, no need to get in car

9) nice community pool (del cerro park). $40.00 per month to join, pool heated 9-month a year at 84 degrees. Kids can learn to swim, kids pool, sand-box, basketball courts, bbqs areas, etc..

10) lots of remodling going on right now. A number of new younger families have moved in recently. Older folks keep the place in order and eyes on the streets during the day when everyone is at work.

11) great sense of community. been her for about 7 years. about the second year living here, my wife and I started to feel part of it. It takes time.

12) IF you are going to rent in del cerro, you’;ll have to rent a house. Not too much condo living around or available that would give you the same feel as owning. Unfortunately, Condo dweller and owners in communities like this tend to take on two different lives.

[LostCat]

Imack,

A few things to consider:

1) the state of the market. Like pretty much everyone has said, it will probably go down a bit more. You could save by waiting.

2) Did you find a house you like in Del Cerro?

3) schools, You have about 4 years before your kid starts Kindergarten, so no rush there.

4) if your kid is going to day-care, there are a couple of places near by that are good (mission valley Nazaren daycare is good) Home daycares are far and few between. We found one good one.

5) How much work does the house need that you’re going to move into? You might be able to negotiate a 2010 price.

6) specific neighborhood. What area of Del Cerro are you look at?Princess Del Cerro, Old Del Cerro? Make sure you don’t end up in Allied Gardens (different Elementary School = poor primary education)

7) Easy access to everywhere. Good bus service to the SDSU trolley Station or Grantville for future commuting needs when Gas his $10 a gallon.

8) walk to Windmill farms, no need to get in car

9) nice community pool (del cerro park). $40.00 per month to join, pool heated 9-month a year at 84 degrees. Kids can learn to swim, kids pool, sand-box, basketball courts, bbqs areas, etc..

10) lots of remodling going on right now. A number of new younger families have moved in recently. Older folks keep the place in order and eyes on the streets during the day when everyone is at work.

11) great sense of community. been her for about 7 years. about the second year living here, my wife and I started to feel part of it. It takes time.

12) IF you are going to rent in del cerro, you’;ll have to rent a house. Not too much condo living around or available that would give you the same feel as owning. Unfortunately, Condo dweller and owners in communities like this tend to take on two different lives.

[LostCat]

Imack,

A few things to consider:

1) the state of the market. Like pretty much everyone has said, it will probably go down a bit more. You could save by waiting.

2) Did you find a house you like in Del Cerro?

3) schools, You have about 4 years before your kid starts Kindergarten, so no rush there.

4) if your kid is going to day-care, there are a couple of places near by that are good (mission valley Nazaren daycare is good) Home daycares are far and few between. We found one good one.

5) How much work does the house need that you’re going to move into? You might be able to negotiate a 2010 price.

6) specific neighborhood. What area of Del Cerro are you look at?Princess Del Cerro, Old Del Cerro? Make sure you don’t end up in Allied Gardens (different Elementary School = poor primary education)

7) Easy access to everywhere. Good bus service to the SDSU trolley Station or Grantville for future commuting needs when Gas his $10 a gallon.

8) walk to Windmill farms, no need to get in car

9) nice community pool (del cerro park). $40.00 per month to join, pool heated 9-month a year at 84 degrees. Kids can learn to swim, kids pool, sand-box, basketball courts, bbqs areas, etc..

10) lots of remodling going on right now. A number of new younger families have moved in recently. Older folks keep the place in order and eyes on the streets during the day when everyone is at work.

11) great sense of community. been her for about 7 years. about the second year living here, my wife and I started to feel part of it. It takes time.

12) IF you are going to rent in del cerro, you’;ll have to rent a house. Not too much condo living around or available that would give you the same feel as owning. Unfortunately, Condo dweller and owners in communities like this tend to take on two different lives.

[Author]

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