MOVING IN THIS MARKET!

[LostCat]

I bought my house in Allied gardens in 98 for $170k. It’s a 3bed 2 bath 1,900 sqft. When I bought the house I was single and free and clear of all debt. I fixed the thing up over the past 10 years, taking not a penny out of my equity. I did it slowly. A 190k house with no HOA, melaroos and a fixed 30-year mortgage,is probably how SD should be today for everyone.

The questions is, I am not single anymore, I have two kids, one about to enter elementary school and I am not real set on the school system in my area. Even if I low balled my property, for say $400k or even $350k, I’d make a nice profit. If I used this equity to buy something in Carmel Valley, I know I’d lose equity the minute I moved in. However, I also know that the equity I have in my house today will also lose value, so it’s a lose lose situation, if I am looking at it as an investment, which it is because housing is one of the biggest investments most make in thier lives.

Assuming I can sell my place for $350k, and then have $250k for a down on a home in CM, would this make any sense?

I don’t consider any of the equit in my house today, real equity. I do believe the market is over valued. One option I was considering is waiting two more years, then renting my place out while I pick up a new place to live.

[OwnerOfCalifornia]

You should look into private/magnet schools and run the cost analysis of that vs. selling now and buying in CV, or selling and renting elsewhere.

[(former)FormerSanDiegan]

Since you already bought at the last bottom I would hold the house. Living there is cheaper than renting. If you need to move up to a new neighborhood, rent there first (and rent out your property)

The ideal situation (if you have the downpayment outside your current home equity) would be to buy in the move up neighborhood (I guess that’s CV for you) sometime in the next 2-3 years, while keeping the old property. This is a buy low, never sell strategy, and although not as potentially lucrative as a buy low/sell high it is much easier to get it right (your timing has to be correct fewer times in your life).

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[NotCranky]

“One option I was considering is waiting two more years, then renting my place out while I pick up a new place to live.”

Very sound strategy. Allied Gardens , and that house, should treat you very well as a investor/landlord.

[NotCranky]

“One option I was considering is waiting two more years, then renting my place out while I pick up a new place to live.”

Very sound strategy. Allied Gardens , and that house, should treat you very well as a investor/landlord.

[NotCranky]

“One option I was considering is waiting two more years, then renting my place out while I pick up a new place to live.”

Very sound strategy. Allied Gardens , and that house, should treat you very well as a investor/landlord.

[NotCranky]

“One option I was considering is waiting two more years, then renting my place out while I pick up a new place to live.”

Very sound strategy. Allied Gardens , and that house, should treat you very well as a investor/landlord.

[(former)FormerSanDiegan]

Since you already bought at the last bottom I would hold the house. Living there is cheaper than renting. If you need to move up to a new neighborhood, rent there first (and rent out your property)

The ideal situation (if you have the downpayment outside your current home equity) would be to buy in the move up neighborhood (I guess that’s CV for you) sometime in the next 2-3 years, while keeping the old property. This is a buy low, never sell strategy, and although not as potentially lucrative as a buy low/sell high it is much easier to get it right (your timing has to be correct fewer times in your life).

[(former)FormerSanDiegan]

Since you already bought at the last bottom I would hold the house. Living there is cheaper than renting. If you need to move up to a new neighborhood, rent there first (and rent out your property)

The ideal situation (if you have the downpayment outside your current home equity) would be to buy in the move up neighborhood (I guess that’s CV for you) sometime in the next 2-3 years, while keeping the old property. This is a buy low, never sell strategy, and although not as potentially lucrative as a buy low/sell high it is much easier to get it right (your timing has to be correct fewer times in your life).

[(former)FormerSanDiegan]

Since you already bought at the last bottom I would hold the house. Living there is cheaper than renting. If you need to move up to a new neighborhood, rent there first (and rent out your property)

The ideal situation (if you have the downpayment outside your current home equity) would be to buy in the move up neighborhood (I guess that’s CV for you) sometime in the next 2-3 years, while keeping the old property. This is a buy low, never sell strategy, and although not as potentially lucrative as a buy low/sell high it is much easier to get it right (your timing has to be correct fewer times in your life).

[one_muggle]

I have a similar (enough) situation that I ran some simple numbers for this just last week.

Just to give you an idea, the current cost for private school (in my area) starts around $1k/month/kid. With 2 kids, that is a monthly equivalent to a $300k 30yr fixed loan at 7%.

With LostCat’s projected profit, that means you could buy a ~$550k house in a neighborhood with good public schools, for the same price as today’s private school tuition.
This is very back of the envelope, since taxes, opportunity cost (for the $250k), etc are not included. But it just gives one an idea of how much house you could get, just for the cost of private school.

Long term, the cost of school will rise, but your mortgage should stay the same (except your write-off starts shrinking). If house prices were stable, and the good public school were just as good as the private–BUY or RENT.
If prices are rising rapidly–it’s a no brainer BUY.
If prices are falling rapidly–RENT.

For my case, since we already sold our primary residence, we will rent next year, when my oldest starts kindergarten, in the best public school district around. The rent premium to go from our very nice neighborhood–but with lousy schools–is about $1200/month. So, purely financially, it does not make sense, except that we have another one starting school sometime after and I am not jerking my kids around different schools to maximize my finances!

If all goes well, we are looking at buying in 2-4 yrs (RE depending) in the same neighborhood.
It made much more sense for us, than private school–though a major assumption is the equivalence of the good public versus private–another reason we are renting, rather than getting stuck. We want to find out first hand.

Good luck, I know from personal experience how freakin hard it is to figure out schools in SoCal.
-one muggle

[one_muggle]

I have a similar (enough) situation that I ran some simple numbers for this just last week.

Just to give you an idea, the current cost for private school (in my area) starts around $1k/month/kid. With 2 kids, that is a monthly equivalent to a $300k 30yr fixed loan at 7%.

With LostCat’s projected profit, that means you could buy a ~$550k house in a neighborhood with good public schools, for the same price as today’s private school tuition.
This is very back of the envelope, since taxes, opportunity cost (for the $250k), etc are not included. But it just gives one an idea of how much house you could get, just for the cost of private school.

Long term, the cost of school will rise, but your mortgage should stay the same (except your write-off starts shrinking). If house prices were stable, and the good public school were just as good as the private–BUY or RENT.
If prices are rising rapidly–it’s a no brainer BUY.
If prices are falling rapidly–RENT.

For my case, since we already sold our primary residence, we will rent next year, when my oldest starts kindergarten, in the best public school district around. The rent premium to go from our very nice neighborhood–but with lousy schools–is about $1200/month. So, purely financially, it does not make sense, except that we have another one starting school sometime after and I am not jerking my kids around different schools to maximize my finances!

If all goes well, we are looking at buying in 2-4 yrs (RE depending) in the same neighborhood.
It made much more sense for us, than private school–though a major assumption is the equivalence of the good public versus private–another reason we are renting, rather than getting stuck. We want to find out first hand.

Good luck, I know from personal experience how freakin hard it is to figure out schools in SoCal.
-one muggle

[one_muggle]

I have a similar (enough) situation that I ran some simple numbers for this just last week.

Just to give you an idea, the current cost for private school (in my area) starts around $1k/month/kid. With 2 kids, that is a monthly equivalent to a $300k 30yr fixed loan at 7%.

With LostCat’s projected profit, that means you could buy a ~$550k house in a neighborhood with good public schools, for the same price as today’s private school tuition.
This is very back of the envelope, since taxes, opportunity cost (for the $250k), etc are not included. But it just gives one an idea of how much house you could get, just for the cost of private school.

Long term, the cost of school will rise, but your mortgage should stay the same (except your write-off starts shrinking). If house prices were stable, and the good public school were just as good as the private–BUY or RENT.
If prices are rising rapidly–it’s a no brainer BUY.
If prices are falling rapidly–RENT.

For my case, since we already sold our primary residence, we will rent next year, when my oldest starts kindergarten, in the best public school district around. The rent premium to go from our very nice neighborhood–but with lousy schools–is about $1200/month. So, purely financially, it does not make sense, except that we have another one starting school sometime after and I am not jerking my kids around different schools to maximize my finances!

If all goes well, we are looking at buying in 2-4 yrs (RE depending) in the same neighborhood.
It made much more sense for us, than private school–though a major assumption is the equivalence of the good public versus private–another reason we are renting, rather than getting stuck. We want to find out first hand.

Good luck, I know from personal experience how freakin hard it is to figure out schools in SoCal.
-one muggle

[one_muggle]

I have a similar (enough) situation that I ran some simple numbers for this just last week.

Just to give you an idea, the current cost for private school (in my area) starts around $1k/month/kid. With 2 kids, that is a monthly equivalent to a $300k 30yr fixed loan at 7%.

With LostCat’s projected profit, that means you could buy a ~$550k house in a neighborhood with good public schools, for the same price as today’s private school tuition.
This is very back of the envelope, since taxes, opportunity cost (for the $250k), etc are not included. But it just gives one an idea of how much house you could get, just for the cost of private school.

Long term, the cost of school will rise, but your mortgage should stay the same (except your write-off starts shrinking). If house prices were stable, and the good public school were just as good as the private–BUY or RENT.
If prices are rising rapidly–it’s a no brainer BUY.
If prices are falling rapidly–RENT.

For my case, since we already sold our primary residence, we will rent next year, when my oldest starts kindergarten, in the best public school district around. The rent premium to go from our very nice neighborhood–but with lousy schools–is about $1200/month. So, purely financially, it does not make sense, except that we have another one starting school sometime after and I am not jerking my kids around different schools to maximize my finances!

If all goes well, we are looking at buying in 2-4 yrs (RE depending) in the same neighborhood.
It made much more sense for us, than private school–though a major assumption is the equivalence of the good public versus private–another reason we are renting, rather than getting stuck. We want to find out first hand.

Good luck, I know from personal experience how freakin hard it is to figure out schools in SoCal.
-one muggle

[one_muggle]

I have a similar (enough) situation that I ran some simple numbers for this just last week.

Just to give you an idea, the current cost for private school (in my area) starts around $1k/month/kid. With 2 kids, that is a monthly equivalent to a $300k 30yr fixed loan at 7%.

With LostCat’s projected profit, that means you could buy a ~$550k house in a neighborhood with good public schools, for the same price as today’s private school tuition.
This is very back of the envelope, since taxes, opportunity cost (for the $250k), etc are not included. But it just gives one an idea of how much house you could get, just for the cost of private school.

Long term, the cost of school will rise, but your mortgage should stay the same (except your write-off starts shrinking). If house prices were stable, and the good public school were just as good as the private–BUY or RENT.
If prices are rising rapidly–it’s a no brainer BUY.
If prices are falling rapidly–RENT.

For my case, since we already sold our primary residence, we will rent next year, when my oldest starts kindergarten, in the best public school district around. The rent premium to go from our very nice neighborhood–but with lousy schools–is about $1200/month. So, purely financially, it does not make sense, except that we have another one starting school sometime after and I am not jerking my kids around different schools to maximize my finances!

If all goes well, we are looking at buying in 2-4 yrs (RE depending) in the same neighborhood.
It made much more sense for us, than private school–though a major assumption is the equivalence of the good public versus private–another reason we are renting, rather than getting stuck. We want to find out first hand.

Good luck, I know from personal experience how freakin hard it is to figure out schools in SoCal.
-one muggle

[one_muggle]

I have a similar (enough) situation that I ran some simple numbers for this just last week.

Just to give you an idea, the current cost for private school (in my area) starts around $1k/month/kid. With 2 kids, that is a monthly equivalent to a $300k 30yr fixed loan at 7%.

With LostCat’s projected profit, that means you could buy a ~$550k house in a neighborhood with good public schools, for the same price as today’s private school tuition.
This is very back of the envelope, since taxes, opportunity cost (for the $250k), etc are not included. But it just gives one an idea of how much house you could get, just for the cost of private school.

Long term, the cost of school will rise, but your mortgage should stay the same (except your write-off starts shrinking). If house prices were stable, and the good public school were just as good as the private–BUY or RENT.
If prices are rising rapidly–it’s a no brainer BUY.
If prices are falling rapidly–RENT.

For my case, since we already sold our primary residence, we will rent next year, when my oldest starts kindergarten, in the best public school district around. The rent premium to go from our very nice neighborhood–but with lousy schools–is about $1200/month. So, purely financially, it does not make sense, except that we have another one starting school sometime after and I am not jerking my kids around different schools to maximize my finances!

If all goes well, we are looking at buying in 2-4 yrs (RE depending) in the same neighborhood.
It made much more sense for us, than private school–though a major assumption is the equivalence of the good public versus private–another reason we are renting, rather than getting stuck. We want to find out first hand.

Good luck, I know from personal experience how freakin hard it is to figure out schools in SoCal.
-one muggle

[OwnerOfCalifornia]

You should look into private/magnet schools and run the cost analysis of that vs. selling now and buying in CV, or selling and renting elsewhere.

[OwnerOfCalifornia]

You should look into private/magnet schools and run the cost analysis of that vs. selling now and buying in CV, or selling and renting elsewhere.

[OwnerOfCalifornia]

You should look into private/magnet schools and run the cost analysis of that vs. selling now and buying in CV, or selling and renting elsewhere.

[djrobsd]

You’re a smart man LostCat, and I commend you for your discipline. Stay that way. I agree, with the other poster, see if you can find a good private school to put your kids in, and call it day! The problem with moving to a “rich” area like that to get good schools, is you and your kids will get caught in the trap… Do you really want to live around a bunch of spoiled rich peeps? Nothing against those who live there, but I’ve DJ’d several parties for the kids in that neighborhood, and their parents spoil them rotten, and if you’re not able to do the same for your kids, you will ultimately hate the decision you made.

[one_muggle]

djrobsd,

Do you really want to live around a bunch of spoiled rich peeps?
This is a major issue for my family as well, but we are finding (through private school tours) that we would face as big, if not bigger problem with the private school crowd.

The best (or worst in this case) is the private academy in my local ‘expensive school district’–these people buy the multi-million dollar homes to be in the desirable school district, and then pay $20k per year to go to private school.
I am not poor, but damn, that takes lots of disposable income.

-one muggle

[one_muggle]

djrobsd,

Do you really want to live around a bunch of spoiled rich peeps?
This is a major issue for my family as well, but we are finding (through private school tours) that we would face as big, if not bigger problem with the private school crowd.

The best (or worst in this case) is the private academy in my local ‘expensive school district’–these people buy the multi-million dollar homes to be in the desirable school district, and then pay $20k per year to go to private school.
I am not poor, but damn, that takes lots of disposable income.

-one muggle

[one_muggle]

djrobsd,

Do you really want to live around a bunch of spoiled rich peeps?
This is a major issue for my family as well, but we are finding (through private school tours) that we would face as big, if not bigger problem with the private school crowd.

The best (or worst in this case) is the private academy in my local ‘expensive school district’–these people buy the multi-million dollar homes to be in the desirable school district, and then pay $20k per year to go to private school.
I am not poor, but damn, that takes lots of disposable income.

-one muggle

[one_muggle]

djrobsd,

Do you really want to live around a bunch of spoiled rich peeps?
This is a major issue for my family as well, but we are finding (through private school tours) that we would face as big, if not bigger problem with the private school crowd.

The best (or worst in this case) is the private academy in my local ‘expensive school district’–these people buy the multi-million dollar homes to be in the desirable school district, and then pay $20k per year to go to private school.
I am not poor, but damn, that takes lots of disposable income.

-one muggle

[djrobsd]

You’re a smart man LostCat, and I commend you for your discipline. Stay that way. I agree, with the other poster, see if you can find a good private school to put your kids in, and call it day! The problem with moving to a “rich” area like that to get good schools, is you and your kids will get caught in the trap… Do you really want to live around a bunch of spoiled rich peeps? Nothing against those who live there, but I’ve DJ’d several parties for the kids in that neighborhood, and their parents spoil them rotten, and if you’re not able to do the same for your kids, you will ultimately hate the decision you made.

[djrobsd]

You’re a smart man LostCat, and I commend you for your discipline. Stay that way. I agree, with the other poster, see if you can find a good private school to put your kids in, and call it day! The problem with moving to a “rich” area like that to get good schools, is you and your kids will get caught in the trap… Do you really want to live around a bunch of spoiled rich peeps? Nothing against those who live there, but I’ve DJ’d several parties for the kids in that neighborhood, and their parents spoil them rotten, and if you’re not able to do the same for your kids, you will ultimately hate the decision you made.

[djrobsd]

You’re a smart man LostCat, and I commend you for your discipline. Stay that way. I agree, with the other poster, see if you can find a good private school to put your kids in, and call it day! The problem with moving to a “rich” area like that to get good schools, is you and your kids will get caught in the trap… Do you really want to live around a bunch of spoiled rich peeps? Nothing against those who live there, but I’ve DJ’d several parties for the kids in that neighborhood, and their parents spoil them rotten, and if you’re not able to do the same for your kids, you will ultimately hate the decision you made.

[CMcG]

LostCat–

Couldn’t you get an intra-district transfer to Hearst or Green elementary schools? Those are close to you and have great reputations.

[LostCat]

Yeah, we could put our little in at Hearst and might just do that after hearing all you out. Makes more financial sense and I’ll still be able to travel and enjoy life.

One cost CV will add is gas. It’s about 10-miles further away from Downtown than I am now. Over the next few years, I am sure we’ll see a significant increase in fuel costs.

Allied Gardens, as run down as you are, you make a life easy. There is no sense in moving now and bailing out someone in CV that paid too much for a cookie cutter home.

Just wish my equity was real money.

[LostCat]

Yeah, we could put our little in at Hearst and might just do that after hearing all you out. Makes more financial sense and I’ll still be able to travel and enjoy life.

One cost CV will add is gas. It’s about 10-miles further away from Downtown than I am now. Over the next few years, I am sure we’ll see a significant increase in fuel costs.

Allied Gardens, as run down as you are, you make a life easy. There is no sense in moving now and bailing out someone in CV that paid too much for a cookie cutter home.

Just wish my equity was real money.

[LostCat]

Yeah, we could put our little in at Hearst and might just do that after hearing all you out. Makes more financial sense and I’ll still be able to travel and enjoy life.

One cost CV will add is gas. It’s about 10-miles further away from Downtown than I am now. Over the next few years, I am sure we’ll see a significant increase in fuel costs.

Allied Gardens, as run down as you are, you make a life easy. There is no sense in moving now and bailing out someone in CV that paid too much for a cookie cutter home.

Just wish my equity was real money.

[LostCat]

Yeah, we could put our little in at Hearst and might just do that after hearing all you out. Makes more financial sense and I’ll still be able to travel and enjoy life.

One cost CV will add is gas. It’s about 10-miles further away from Downtown than I am now. Over the next few years, I am sure we’ll see a significant increase in fuel costs.

Allied Gardens, as run down as you are, you make a life easy. There is no sense in moving now and bailing out someone in CV that paid too much for a cookie cutter home.

Just wish my equity was real money.

[CMcG]

LostCat–

Couldn’t you get an intra-district transfer to Hearst or Green elementary schools? Those are close to you and have great reputations.

[CMcG]

LostCat–

Couldn’t you get an intra-district transfer to Hearst or Green elementary schools? Those are close to you and have great reputations.

[CMcG]

LostCat–

Couldn’t you get an intra-district transfer to Hearst or Green elementary schools? Those are close to you and have great reputations.

[treylane]

Another thing to consider: there are lousy schools in “good” districts, and excellent schools in “bad” districts. You really need to visit the particular schools you plan to send your kids to, to get a feel for the quality of their education.

Also – while Jane Doe may think that high standardized test scores make for a good school, Joe Smith might think it’s important to have a great music program or emphasis on writing, etc. Be sure to pay attention to the values you want for your kids along with the usual spreadsheet of test scores by district.

[JerseyGrl]

Toots

Where is Allied Gardens?

[JerseyGrl]

Toots

Where is Allied Gardens?

[JerseyGrl]

Toots

Where is Allied Gardens?

[JerseyGrl]

Toots

Where is Allied Gardens?

[treylane]

Another thing to consider: there are lousy schools in “good” districts, and excellent schools in “bad” districts. You really need to visit the particular schools you plan to send your kids to, to get a feel for the quality of their education.

Also – while Jane Doe may think that high standardized test scores make for a good school, Joe Smith might think it’s important to have a great music program or emphasis on writing, etc. Be sure to pay attention to the values you want for your kids along with the usual spreadsheet of test scores by district.

[treylane]

Another thing to consider: there are lousy schools in “good” districts, and excellent schools in “bad” districts. You really need to visit the particular schools you plan to send your kids to, to get a feel for the quality of their education.

Also – while Jane Doe may think that high standardized test scores make for a good school, Joe Smith might think it’s important to have a great music program or emphasis on writing, etc. Be sure to pay attention to the values you want for your kids along with the usual spreadsheet of test scores by district.

[treylane]

Another thing to consider: there are lousy schools in “good” districts, and excellent schools in “bad” districts. You really need to visit the particular schools you plan to send your kids to, to get a feel for the quality of their education.

Also – while Jane Doe may think that high standardized test scores make for a good school, Joe Smith might think it’s important to have a great music program or emphasis on writing, etc. Be sure to pay attention to the values you want for your kids along with the usual spreadsheet of test scores by district.

[meadandale]

You’ll get alot more than $350k for a 3/2 in AG. I bought my 3/1 in 2003 for slightly more than this and property values haven’t come down that low (especially if you’ve remodeled it, as you say).

However, CV is still WAY overpriced. A friend bought an undervalued house there for just under a mil a few years ago. The same houses were selling new for about $420k in the late 90’s when they were built. They aren’t worth anything close to the 1-1.5 million they are going for now.

How’d you like to have a $12k annual property tax bill? Welcome to CV….

[SD Realtor]

Lostcat it sounds like you are doing really well. It is really a no lose situation. If you hold the home and continue to rent and simply keep that AG home for the long run you will do fine. If you sell your AG home you will do okay but if you do sell your AG home, sit on the cash and wait to make a purchase for a few years.

Just my two cents.

SD Realtor

[4plexowner]

La Jolla Country Day $22,000
The Bishops School $24,000
Francis Parker $21,000

These are annual tuition rates for middle school – high school is more – elementary school is less

~

It always amuses me to see posters on this site arguing about which school districts have the best public schools

Many of these people are willing to pay $800K to $1.4 mil for a low-quality tract home in North County and then put their kids into one of California’s drop out factories (public schools)

Interesting priorities …

~

I second the idea of staying in the current house and finding private schools for the kids

[sdrealtor]

4plex,
I suspect many others feel as I do that growing up with good quality neighborhood schools that you can walk to and have friends at school that live around the corner is a very valuable thing indeed. I grew up in such a situation. Several of my friends went the private school route. Thet were no better off and in fact my most successful friends went the public school route.

[sdrealtor]

4plex,
I suspect many others feel as I do that growing up with good quality neighborhood schools that you can walk to and have friends at school that live around the corner is a very valuable thing indeed. I grew up in such a situation. Several of my friends went the private school route. Thet were no better off and in fact my most successful friends went the public school route.

[sdrealtor]

4plex,
I suspect many others feel as I do that growing up with good quality neighborhood schools that you can walk to and have friends at school that live around the corner is a very valuable thing indeed. I grew up in such a situation. Several of my friends went the private school route. Thet were no better off and in fact my most successful friends went the public school route.

[sdrealtor]

4plex,
I suspect many others feel as I do that growing up with good quality neighborhood schools that you can walk to and have friends at school that live around the corner is a very valuable thing indeed. I grew up in such a situation. Several of my friends went the private school route. Thet were no better off and in fact my most successful friends went the public school route.

[4plexowner]

La Jolla Country Day $22,000
The Bishops School $24,000
Francis Parker $21,000

These are annual tuition rates for middle school – high school is more – elementary school is less

~

It always amuses me to see posters on this site arguing about which school districts have the best public schools

Many of these people are willing to pay $800K to $1.4 mil for a low-quality tract home in North County and then put their kids into one of California’s drop out factories (public schools)

Interesting priorities …

~

I second the idea of staying in the current house and finding private schools for the kids

[4plexowner]

La Jolla Country Day $22,000
The Bishops School $24,000
Francis Parker $21,000

These are annual tuition rates for middle school – high school is more – elementary school is less

~

It always amuses me to see posters on this site arguing about which school districts have the best public schools

Many of these people are willing to pay $800K to $1.4 mil for a low-quality tract home in North County and then put their kids into one of California’s drop out factories (public schools)

Interesting priorities …

~

I second the idea of staying in the current house and finding private schools for the kids

[4plexowner]

La Jolla Country Day $22,000
The Bishops School $24,000
Francis Parker $21,000

These are annual tuition rates for middle school – high school is more – elementary school is less

~

It always amuses me to see posters on this site arguing about which school districts have the best public schools

Many of these people are willing to pay $800K to $1.4 mil for a low-quality tract home in North County and then put their kids into one of California’s drop out factories (public schools)

Interesting priorities …

~

I second the idea of staying in the current house and finding private schools for the kids

[SD Realtor]

Lostcat it sounds like you are doing really well. It is really a no lose situation. If you hold the home and continue to rent and simply keep that AG home for the long run you will do fine. If you sell your AG home you will do okay but if you do sell your AG home, sit on the cash and wait to make a purchase for a few years.

Just my two cents.

SD Realtor

[SD Realtor]

Lostcat it sounds like you are doing really well. It is really a no lose situation. If you hold the home and continue to rent and simply keep that AG home for the long run you will do fine. If you sell your AG home you will do okay but if you do sell your AG home, sit on the cash and wait to make a purchase for a few years.

Just my two cents.

SD Realtor

[SD Realtor]

Lostcat it sounds like you are doing really well. It is really a no lose situation. If you hold the home and continue to rent and simply keep that AG home for the long run you will do fine. If you sell your AG home you will do okay but if you do sell your AG home, sit on the cash and wait to make a purchase for a few years.

Just my two cents.

SD Realtor

[meadandale]

You’ll get alot more than $350k for a 3/2 in AG. I bought my 3/1 in 2003 for slightly more than this and property values haven’t come down that low (especially if you’ve remodeled it, as you say).

However, CV is still WAY overpriced. A friend bought an undervalued house there for just under a mil a few years ago. The same houses were selling new for about $420k in the late 90’s when they were built. They aren’t worth anything close to the 1-1.5 million they are going for now.

How’d you like to have a $12k annual property tax bill? Welcome to CV….

[meadandale]

You’ll get alot more than $350k for a 3/2 in AG. I bought my 3/1 in 2003 for slightly more than this and property values haven’t come down that low (especially if you’ve remodeled it, as you say).

However, CV is still WAY overpriced. A friend bought an undervalued house there for just under a mil a few years ago. The same houses were selling new for about $420k in the late 90’s when they were built. They aren’t worth anything close to the 1-1.5 million they are going for now.

How’d you like to have a $12k annual property tax bill? Welcome to CV….

[meadandale]

You’ll get alot more than $350k for a 3/2 in AG. I bought my 3/1 in 2003 for slightly more than this and property values haven’t come down that low (especially if you’ve remodeled it, as you say).

However, CV is still WAY overpriced. A friend bought an undervalued house there for just under a mil a few years ago. The same houses were selling new for about $420k in the late 90’s when they were built. They aren’t worth anything close to the 1-1.5 million they are going for now.

How’d you like to have a $12k annual property tax bill? Welcome to CV….

[Author]

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