North Park

[Ricechex]

[quote=saiine]Anything east of 30th is sketch, we are a bit south of 30th and run / walk at night a lot. The hookers do not bother you 🙂

I briefly dated a girl who lived down here right out of highschool (10 years ago), and I remember being scared when I would come down here.

The strip on 30th has a great vibe. I hate PB, hate downtown so I guess this decision is more about enjoying where I live as well.

Why would you assume things will go back to sketch now that the bubble has burst?[/quote]

Do not get too caught up in the “vibe.” It is likely only a “temporary vibe” and it is hip right now. I know Northpark from years ago, most recent as 7 years ago….tweakers, ghetto birds, and police. I live in a residential neighborhood in North Park, and yes I do like it. It is not wise to commit to real estate because you like the vibe of the area…that vibe could seriously change. And, as you get older your tolerance for vibes with ghetto become diminished. Look more long term.

[PadreBrian]

I would wait another year or so for north park, it has some more to come down. Not a huge amount, but every bit helps.

[PadreBrian]

I would wait another year or so for north park, it has some more to come down. Not a huge amount, but every bit helps.

[PadreBrian]

I would wait another year or so for north park, it has some more to come down. Not a huge amount, but every bit helps.

[PadreBrian]

I would wait another year or so for north park, it has some more to come down. Not a huge amount, but every bit helps.

[PadreBrian]

I would wait another year or so for north park, it has some more to come down. Not a huge amount, but every bit helps.

[San Diego RE Bear]

I recommend waiting too. This is going to be a very interesting year as the Option, Alt-A and Prime ARMs start adjusting in earnest and the high end begins to fall. My guess is that in the next six months the banks start capitulating and pricing the foreclosures in a more realistic manner. (Or at least start releasing the darn things.)

And you really need to think about buying a condo. 1.) HOA’s are a landmine – do you know how well funded it is? How many owners are no longer paying? The possibility of a “special assessment” for thousands, possibly even tens of thousands?
2.) Condos do not hold value or increase in value like SFR’s do. Long-term not as good an investment. Yes, it’s cheaper now but if SFR’s drop and become more affordable do you really want to be stuck in a condo.
3.) Rent a condo in the complex you are looking at – you might find have people all around you a bit of a culture shock after your own (granted tiny) home.

Hope that helps and best of luck!

[San Diego RE Bear]

I recommend waiting too. This is going to be a very interesting year as the Option, Alt-A and Prime ARMs start adjusting in earnest and the high end begins to fall. My guess is that in the next six months the banks start capitulating and pricing the foreclosures in a more realistic manner. (Or at least start releasing the darn things.)

And you really need to think about buying a condo. 1.) HOA’s are a landmine – do you know how well funded it is? How many owners are no longer paying? The possibility of a “special assessment” for thousands, possibly even tens of thousands?
2.) Condos do not hold value or increase in value like SFR’s do. Long-term not as good an investment. Yes, it’s cheaper now but if SFR’s drop and become more affordable do you really want to be stuck in a condo.
3.) Rent a condo in the complex you are looking at – you might find have people all around you a bit of a culture shock after your own (granted tiny) home.

Hope that helps and best of luck!

[San Diego RE Bear]

I recommend waiting too. This is going to be a very interesting year as the Option, Alt-A and Prime ARMs start adjusting in earnest and the high end begins to fall. My guess is that in the next six months the banks start capitulating and pricing the foreclosures in a more realistic manner. (Or at least start releasing the darn things.)

And you really need to think about buying a condo. 1.) HOA’s are a landmine – do you know how well funded it is? How many owners are no longer paying? The possibility of a “special assessment” for thousands, possibly even tens of thousands?
2.) Condos do not hold value or increase in value like SFR’s do. Long-term not as good an investment. Yes, it’s cheaper now but if SFR’s drop and become more affordable do you really want to be stuck in a condo.
3.) Rent a condo in the complex you are looking at – you might find have people all around you a bit of a culture shock after your own (granted tiny) home.

Hope that helps and best of luck!

[San Diego RE Bear]

I recommend waiting too. This is going to be a very interesting year as the Option, Alt-A and Prime ARMs start adjusting in earnest and the high end begins to fall. My guess is that in the next six months the banks start capitulating and pricing the foreclosures in a more realistic manner. (Or at least start releasing the darn things.)

And you really need to think about buying a condo. 1.) HOA’s are a landmine – do you know how well funded it is? How many owners are no longer paying? The possibility of a “special assessment” for thousands, possibly even tens of thousands?
2.) Condos do not hold value or increase in value like SFR’s do. Long-term not as good an investment. Yes, it’s cheaper now but if SFR’s drop and become more affordable do you really want to be stuck in a condo.
3.) Rent a condo in the complex you are looking at – you might find have people all around you a bit of a culture shock after your own (granted tiny) home.

Hope that helps and best of luck!

[San Diego RE Bear]

I recommend waiting too. This is going to be a very interesting year as the Option, Alt-A and Prime ARMs start adjusting in earnest and the high end begins to fall. My guess is that in the next six months the banks start capitulating and pricing the foreclosures in a more realistic manner. (Or at least start releasing the darn things.)

And you really need to think about buying a condo. 1.) HOA’s are a landmine – do you know how well funded it is? How many owners are no longer paying? The possibility of a “special assessment” for thousands, possibly even tens of thousands?
2.) Condos do not hold value or increase in value like SFR’s do. Long-term not as good an investment. Yes, it’s cheaper now but if SFR’s drop and become more affordable do you really want to be stuck in a condo.
3.) Rent a condo in the complex you are looking at – you might find have people all around you a bit of a culture shock after your own (granted tiny) home.

Hope that helps and best of luck!

[Arraya]

Expect things to be worse than expected!

[Arraya]

Expect things to be worse than expected!

[Arraya]

Expect things to be worse than expected!

[Arraya]

Expect things to be worse than expected!

[Author]

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