Mortgages in walkable areas less likely to default.

[briansd1]

[quote=sdrealtor]Downtown SD is quite walkable isnt it?[/quote]

Yes… the foreclosure downtown are much higher than in the suburbs. I think that was your point sdrealtor. 🙂

TG is correct in his analysis. Mortgages that were originated closest to the peak, at the highest loan to value ratio, are more likely to default. Also the lower the positive equity, or the higher the negative equity, as a proportion to value, the higher the likelihood of default.

I glanced over the report and it’s full of bull (and I’m an advocate of a walkable neighborhood because I find the suburbs lifeless and boring).

San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.

Therefore, car dependency is a given in San Diego. Only the old cities in America are truly walkable (SF, Chicago, DC, NY, Boston, Philly) where you don’t need a car.

But even DC is not really walkable because the street are so wide. The monuments are too large and not on an intimate human scale. Plus the area is a large spread out metro area. In order to get around, you still need a car, even if you don’t use it as much.

[jameswenn]

Southern California is all about cars, people are in love with them, so the walk-ability factor doesn’t apply here

[jameswenn]

Southern California is all about cars, people are in love with them, so the walk-ability factor doesn’t apply here

[jameswenn]

Southern California is all about cars, people are in love with them, so the walk-ability factor doesn’t apply here

[jameswenn]

Southern California is all about cars, people are in love with them, so the walk-ability factor doesn’t apply here

[jameswenn]

Southern California is all about cars, people are in love with them, so the walk-ability factor doesn’t apply here

[pemeliza]

“San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.”

There is a difference between being able to walk to most places and needing a car infrequently on one hand and needing a car for everything on the other hand. If the former is o.k. for you there are some places in SD that work out pretty well.

For myself, having lived in a suburb (Encinitas), followed by a walkable college town in North Carolina, I’m finding my current area (Mission Hills) to be a nice compromise.

[pemeliza]

“San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.”

There is a difference between being able to walk to most places and needing a car infrequently on one hand and needing a car for everything on the other hand. If the former is o.k. for you there are some places in SD that work out pretty well.

For myself, having lived in a suburb (Encinitas), followed by a walkable college town in North Carolina, I’m finding my current area (Mission Hills) to be a nice compromise.

[pemeliza]

“San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.”

There is a difference between being able to walk to most places and needing a car infrequently on one hand and needing a car for everything on the other hand. If the former is o.k. for you there are some places in SD that work out pretty well.

For myself, having lived in a suburb (Encinitas), followed by a walkable college town in North Carolina, I’m finding my current area (Mission Hills) to be a nice compromise.

[pemeliza]

“San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.”

There is a difference between being able to walk to most places and needing a car infrequently on one hand and needing a car for everything on the other hand. If the former is o.k. for you there are some places in SD that work out pretty well.

For myself, having lived in a suburb (Encinitas), followed by a walkable college town in North Carolina, I’m finding my current area (Mission Hills) to be a nice compromise.

[pemeliza]

“San Diego is not a walkable city. Period. If you live in the Village of La Jolla and never get out of there, you can walk. Or if you in the Marina District Downtown, you can walk. But you still need a car and a parking space.”

There is a difference between being able to walk to most places and needing a car infrequently on one hand and needing a car for everything on the other hand. If the former is o.k. for you there are some places in SD that work out pretty well.

For myself, having lived in a suburb (Encinitas), followed by a walkable college town in North Carolina, I’m finding my current area (Mission Hills) to be a nice compromise.

[afx114]

Could it be that walkable areas are desirable and rare — and therefore have higher prices? Higher-priced homes have a lower rates of default, no? The question then becomes: are these walkable areas higher priced because they are walkable, or for some other reason?

And is downtown SD really walkable? Sure, the nightlife is walkable, but what about actually living there? How many parks are there in downtown? How many grocery stores? How many community gathering spaces?

[afx114]

Could it be that walkable areas are desirable and rare — and therefore have higher prices? Higher-priced homes have a lower rates of default, no? The question then becomes: are these walkable areas higher priced because they are walkable, or for some other reason?

And is downtown SD really walkable? Sure, the nightlife is walkable, but what about actually living there? How many parks are there in downtown? How many grocery stores? How many community gathering spaces?

[afx114]

Could it be that walkable areas are desirable and rare — and therefore have higher prices? Higher-priced homes have a lower rates of default, no? The question then becomes: are these walkable areas higher priced because they are walkable, or for some other reason?

And is downtown SD really walkable? Sure, the nightlife is walkable, but what about actually living there? How many parks are there in downtown? How many grocery stores? How many community gathering spaces?

[afx114]

Could it be that walkable areas are desirable and rare — and therefore have higher prices? Higher-priced homes have a lower rates of default, no? The question then becomes: are these walkable areas higher priced because they are walkable, or for some other reason?

And is downtown SD really walkable? Sure, the nightlife is walkable, but what about actually living there? How many parks are there in downtown? How many grocery stores? How many community gathering spaces?

[Author]

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