Older townhomes in Scripps Ranch

[SD Realtor]

I think you follow your heart…

Look do you wanna get a home or do you wanna get a good deal> Everything varies… If it were me and I were single maybe I buy there. If I am a married couple and gonna have kids or already have them not a chance. However that is me!!! To me it is more important to have a yard and be able to do stuff with my kids in that respect. I love animals and have cats and dogs and stuff and that is important to me as well.

Could this be a situation where you buy now and sell in a year or two to step up? Perhaps but to me that strategy is not good in this sort of market, way to many variables to think that could be a viable course of action.

Another thing is HOA So if I have to cough up 220 a month for HOA could that 220k be used better towards purchasing an SFR?

*****************************

Again it boils down to personal stuff at this point. Scarlett I don’t know your personal situation, kids, schools, kids in the future? etc… So to me these are important variables that help shape the decision. Think about what type of neighbors you will have in the complex. Probably decent.

The large unit at the current price has been on the market 81 days. So why hasn’t anyone scooped it up at that price? Ed Prehoden does a fair amount of biz in Scripps. I went to an open house of his 3 years ago and he was telling me prices will double in 10 years. So that tells you about him as a listing agent.

You will get some noise in the complex from Pomerado but not that much. Moreso from Willow Creek.

It is a tough call as you guys have been looking for a long long time. If it is for you guys alone I guess okay but condos get small fast when you have kids so if you have kids I am not sure. That is just me though, I think there are plenty here who have kids and live in condos and have no problems at all.

[bearishgurl]

SDR, I agree that an SFR would be a better choice for someone with a family. I too, would not purchase a condo, even if I would be living alone in it with my dog and cats.

As I recall, Scarlett had a $500K cap as the limit she could spend on a property and didn’t want to live in areas where she could get an offer accepted for <$500K on an SFR. That leaves three choices, buying a (larger) townhome now that is affordable in one of her "choice" areas, deciding to consider SFR's in areas she previously didn't want to live in or continue waiting, hoping SFR's go down in her "choice" areas. Correct me if I don't have your story correct, Scarlett.

[bearishgurl]

SDR, I agree that an SFR would be a better choice for someone with a family. I too, would not purchase a condo, even if I would be living alone in it with my dog and cats.

As I recall, Scarlett had a $500K cap as the limit she could spend on a property and didn’t want to live in areas where she could get an offer accepted for <$500K on an SFR. That leaves three choices, buying a (larger) townhome now that is affordable in one of her "choice" areas, deciding to consider SFR's in areas she previously didn't want to live in or continue waiting, hoping SFR's go down in her "choice" areas. Correct me if I don't have your story correct, Scarlett.

[bearishgurl]

SDR, I agree that an SFR would be a better choice for someone with a family. I too, would not purchase a condo, even if I would be living alone in it with my dog and cats.

As I recall, Scarlett had a $500K cap as the limit she could spend on a property and didn’t want to live in areas where she could get an offer accepted for <$500K on an SFR. That leaves three choices, buying a (larger) townhome now that is affordable in one of her "choice" areas, deciding to consider SFR's in areas she previously didn't want to live in or continue waiting, hoping SFR's go down in her "choice" areas. Correct me if I don't have your story correct, Scarlett.

[bearishgurl]

SDR, I agree that an SFR would be a better choice for someone with a family. I too, would not purchase a condo, even if I would be living alone in it with my dog and cats.

As I recall, Scarlett had a $500K cap as the limit she could spend on a property and didn’t want to live in areas where she could get an offer accepted for <$500K on an SFR. That leaves three choices, buying a (larger) townhome now that is affordable in one of her "choice" areas, deciding to consider SFR's in areas she previously didn't want to live in or continue waiting, hoping SFR's go down in her "choice" areas. Correct me if I don't have your story correct, Scarlett.

[bearishgurl]

SDR, I agree that an SFR would be a better choice for someone with a family. I too, would not purchase a condo, even if I would be living alone in it with my dog and cats.

As I recall, Scarlett had a $500K cap as the limit she could spend on a property and didn’t want to live in areas where she could get an offer accepted for <$500K on an SFR. That leaves three choices, buying a (larger) townhome now that is affordable in one of her "choice" areas, deciding to consider SFR's in areas she previously didn't want to live in or continue waiting, hoping SFR's go down in her "choice" areas. Correct me if I don't have your story correct, Scarlett.

[Scarlett]

Pretty accurate, BG. #2 choice, I don’t think I will. I’d rahter rent and have a better commute and/or school districts. Or buy a larger townhome; I’ve had a 1600 sf one, I rent a 1700 sf one and it’d work fine; yard would be nice, but I had one before and never got the time to enjoy it, though I landscaped it very nicely and it was a bit of work. I also think the prices for nicer properties in good school districts are still nuts, and then there’s pleny of demand on a relatively low inventory.

SD R, I don’t think I am really looking to buy for a long time. I am just poking around for 3 years now, not really wanting to move again. I bought in 2004, sold our townhome in 2007, and renting since then in UTC – with a wonderfully short commute. Yes, I am waiting for prices to fall. I got burned once, just got out in the nick of time. Much more cautious 2nd time around. Moving is a big pain and expense and waste of time.

Right now the incetive to buy is to not pay $2300 rent down the drain when we can pay a mortgage and maybe gain equity.

I have also a kid that’s entering kindergarten next Fall, which makes us consider moving in spring in an area where we’d be likely to buy – we kind of narrowed it down to PQ, CMR, and SR…It could be another rental, or we maybe get lucky and buy something. I am still considering continuing to rent where we are and let the kid go the Doyle Elementary in SDUSD, it’s an 8, but so what.

[Scarlett]

Pretty accurate, BG. #2 choice, I don’t think I will. I’d rahter rent and have a better commute and/or school districts. Or buy a larger townhome; I’ve had a 1600 sf one, I rent a 1700 sf one and it’d work fine; yard would be nice, but I had one before and never got the time to enjoy it, though I landscaped it very nicely and it was a bit of work. I also think the prices for nicer properties in good school districts are still nuts, and then there’s pleny of demand on a relatively low inventory.

SD R, I don’t think I am really looking to buy for a long time. I am just poking around for 3 years now, not really wanting to move again. I bought in 2004, sold our townhome in 2007, and renting since then in UTC – with a wonderfully short commute. Yes, I am waiting for prices to fall. I got burned once, just got out in the nick of time. Much more cautious 2nd time around. Moving is a big pain and expense and waste of time.

Right now the incetive to buy is to not pay $2300 rent down the drain when we can pay a mortgage and maybe gain equity.

I have also a kid that’s entering kindergarten next Fall, which makes us consider moving in spring in an area where we’d be likely to buy – we kind of narrowed it down to PQ, CMR, and SR…It could be another rental, or we maybe get lucky and buy something. I am still considering continuing to rent where we are and let the kid go the Doyle Elementary in SDUSD, it’s an 8, but so what.

[Scarlett]

Pretty accurate, BG. #2 choice, I don’t think I will. I’d rahter rent and have a better commute and/or school districts. Or buy a larger townhome; I’ve had a 1600 sf one, I rent a 1700 sf one and it’d work fine; yard would be nice, but I had one before and never got the time to enjoy it, though I landscaped it very nicely and it was a bit of work. I also think the prices for nicer properties in good school districts are still nuts, and then there’s pleny of demand on a relatively low inventory.

SD R, I don’t think I am really looking to buy for a long time. I am just poking around for 3 years now, not really wanting to move again. I bought in 2004, sold our townhome in 2007, and renting since then in UTC – with a wonderfully short commute. Yes, I am waiting for prices to fall. I got burned once, just got out in the nick of time. Much more cautious 2nd time around. Moving is a big pain and expense and waste of time.

Right now the incetive to buy is to not pay $2300 rent down the drain when we can pay a mortgage and maybe gain equity.

I have also a kid that’s entering kindergarten next Fall, which makes us consider moving in spring in an area where we’d be likely to buy – we kind of narrowed it down to PQ, CMR, and SR…It could be another rental, or we maybe get lucky and buy something. I am still considering continuing to rent where we are and let the kid go the Doyle Elementary in SDUSD, it’s an 8, but so what.

[Scarlett]

Pretty accurate, BG. #2 choice, I don’t think I will. I’d rahter rent and have a better commute and/or school districts. Or buy a larger townhome; I’ve had a 1600 sf one, I rent a 1700 sf one and it’d work fine; yard would be nice, but I had one before and never got the time to enjoy it, though I landscaped it very nicely and it was a bit of work. I also think the prices for nicer properties in good school districts are still nuts, and then there’s pleny of demand on a relatively low inventory.

SD R, I don’t think I am really looking to buy for a long time. I am just poking around for 3 years now, not really wanting to move again. I bought in 2004, sold our townhome in 2007, and renting since then in UTC – with a wonderfully short commute. Yes, I am waiting for prices to fall. I got burned once, just got out in the nick of time. Much more cautious 2nd time around. Moving is a big pain and expense and waste of time.

Right now the incetive to buy is to not pay $2300 rent down the drain when we can pay a mortgage and maybe gain equity.

I have also a kid that’s entering kindergarten next Fall, which makes us consider moving in spring in an area where we’d be likely to buy – we kind of narrowed it down to PQ, CMR, and SR…It could be another rental, or we maybe get lucky and buy something. I am still considering continuing to rent where we are and let the kid go the Doyle Elementary in SDUSD, it’s an 8, but so what.

[Scarlett]

Pretty accurate, BG. #2 choice, I don’t think I will. I’d rahter rent and have a better commute and/or school districts. Or buy a larger townhome; I’ve had a 1600 sf one, I rent a 1700 sf one and it’d work fine; yard would be nice, but I had one before and never got the time to enjoy it, though I landscaped it very nicely and it was a bit of work. I also think the prices for nicer properties in good school districts are still nuts, and then there’s pleny of demand on a relatively low inventory.

SD R, I don’t think I am really looking to buy for a long time. I am just poking around for 3 years now, not really wanting to move again. I bought in 2004, sold our townhome in 2007, and renting since then in UTC – with a wonderfully short commute. Yes, I am waiting for prices to fall. I got burned once, just got out in the nick of time. Much more cautious 2nd time around. Moving is a big pain and expense and waste of time.

Right now the incetive to buy is to not pay $2300 rent down the drain when we can pay a mortgage and maybe gain equity.

I have also a kid that’s entering kindergarten next Fall, which makes us consider moving in spring in an area where we’d be likely to buy – we kind of narrowed it down to PQ, CMR, and SR…It could be another rental, or we maybe get lucky and buy something. I am still considering continuing to rent where we are and let the kid go the Doyle Elementary in SDUSD, it’s an 8, but so what.

[SD Realtor]

It is a tough call Scarlett made much moreso by the easy credit which will enhance the mortgage verses rent payment. The distortions caused by market maniplulation make it oh so impossible to forecast when a major decline will happen again in housing. Clearly the govt has shown that can and will fight off natural causes in any way they can even if it means zombifying the banks and lenders and plundering the tax rolls. Until the bond market distorts it seems the manipulation can continue. However once the bond markets do distort and mortgage rates jack up, there is nowhere to go for pricing but down. That will finally initiate the needed cleansing. It will be awhile though.

[SD Realtor]

It is a tough call Scarlett made much moreso by the easy credit which will enhance the mortgage verses rent payment. The distortions caused by market maniplulation make it oh so impossible to forecast when a major decline will happen again in housing. Clearly the govt has shown that can and will fight off natural causes in any way they can even if it means zombifying the banks and lenders and plundering the tax rolls. Until the bond market distorts it seems the manipulation can continue. However once the bond markets do distort and mortgage rates jack up, there is nowhere to go for pricing but down. That will finally initiate the needed cleansing. It will be awhile though.

[SD Realtor]

It is a tough call Scarlett made much moreso by the easy credit which will enhance the mortgage verses rent payment. The distortions caused by market maniplulation make it oh so impossible to forecast when a major decline will happen again in housing. Clearly the govt has shown that can and will fight off natural causes in any way they can even if it means zombifying the banks and lenders and plundering the tax rolls. Until the bond market distorts it seems the manipulation can continue. However once the bond markets do distort and mortgage rates jack up, there is nowhere to go for pricing but down. That will finally initiate the needed cleansing. It will be awhile though.

[SD Realtor]

It is a tough call Scarlett made much moreso by the easy credit which will enhance the mortgage verses rent payment. The distortions caused by market maniplulation make it oh so impossible to forecast when a major decline will happen again in housing. Clearly the govt has shown that can and will fight off natural causes in any way they can even if it means zombifying the banks and lenders and plundering the tax rolls. Until the bond market distorts it seems the manipulation can continue. However once the bond markets do distort and mortgage rates jack up, there is nowhere to go for pricing but down. That will finally initiate the needed cleansing. It will be awhile though.

[Author]

Posts