“San Diego we still have a problem”

[pemeliza]

“I also know someone that makes $90k has that much saved up in cash and cannot afford to buy a new SFH in San Diego. ”

TK, why the insistence on buying new? There are plenty of older homes in better locations that your friend could buy with a monthly nut cheaper than renting after deductions. The other option is to buy a new home at an affordable price but in a further out location and deal with the longer commute. Just because one buyer cannot buy exactly what they want where they want it does not mean there are not plenty of options available to a buyer who is willing to make a few compromises.

[outtamojo]

Here are some lower priced new homes
http://www.sdlookup.com/MLS-110028411-3421_Arborview_Dr_San_Marcos_CA_92078

http://www.sdlookup.com/MLS-110040582-3443_Arborview_Dr_San_Marcos_CA_92078

Where they rape you is with the HOA which basically includes nothing and the MR.

[outtamojo]

Here are some lower priced new homes
http://www.sdlookup.com/MLS-110028411-3421_Arborview_Dr_San_Marcos_CA_92078

http://www.sdlookup.com/MLS-110040582-3443_Arborview_Dr_San_Marcos_CA_92078

Where they rape you is with the HOA which basically includes nothing and the MR.

[outtamojo]

Here are some lower priced new homes
http://www.sdlookup.com/MLS-110028411-3421_Arborview_Dr_San_Marcos_CA_92078

http://www.sdlookup.com/MLS-110040582-3443_Arborview_Dr_San_Marcos_CA_92078

Where they rape you is with the HOA which basically includes nothing and the MR.

[outtamojo]

Here are some lower priced new homes
http://www.sdlookup.com/MLS-110028411-3421_Arborview_Dr_San_Marcos_CA_92078

http://www.sdlookup.com/MLS-110040582-3443_Arborview_Dr_San_Marcos_CA_92078

Where they rape you is with the HOA which basically includes nothing and the MR.

[outtamojo]

Here are some lower priced new homes
http://www.sdlookup.com/MLS-110028411-3421_Arborview_Dr_San_Marcos_CA_92078

http://www.sdlookup.com/MLS-110040582-3443_Arborview_Dr_San_Marcos_CA_92078

Where they rape you is with the HOA which basically includes nothing and the MR.

[an]

The cost of HOA & MR would be similar to adding between $80k-100k to the cost of the house. That’s would mean you can get a 2600 sq-ft house for ~$490k-510k/month.

[an]

The cost of HOA & MR would be similar to adding between $80k-100k to the cost of the house. That’s would mean you can get a 2600 sq-ft house for ~$490k-510k/month.

[an]

The cost of HOA & MR would be similar to adding between $80k-100k to the cost of the house. That’s would mean you can get a 2600 sq-ft house for ~$490k-510k/month.

[an]

The cost of HOA & MR would be similar to adding between $80k-100k to the cost of the house. That’s would mean you can get a 2600 sq-ft house for ~$490k-510k/month.

[an]

The cost of HOA & MR would be similar to adding between $80k-100k to the cost of the house. That’s would mean you can get a 2600 sq-ft house for ~$490k-510k/month.

[EconProf]

Let’s not resort to simplistic slogans that developers always make lots of money. They have certainly not been making money in recent years, as reflected by their stock prices and the fact that many smaller builders simply went out of business. Yes, they capitalized on our insane appetite for houses during the bubble years (and why shouldn’t they?), and made money then. But over the course of the cycle their profitablity isn’t so great.
What has stayed the same is the costly burden of government. If you haven’t built or put on an addition, you have no idea of the wasteful burden put on builders, which must be passed on to the consumer.
As to the above complaint about Mello-Roos fees, this is to pay for infrastructure such as schools, roads, etc., in effect, a tax the developer merely passes on to the consumer.

[EconProf]

Let’s not resort to simplistic slogans that developers always make lots of money. They have certainly not been making money in recent years, as reflected by their stock prices and the fact that many smaller builders simply went out of business. Yes, they capitalized on our insane appetite for houses during the bubble years (and why shouldn’t they?), and made money then. But over the course of the cycle their profitablity isn’t so great.
What has stayed the same is the costly burden of government. If you haven’t built or put on an addition, you have no idea of the wasteful burden put on builders, which must be passed on to the consumer.
As to the above complaint about Mello-Roos fees, this is to pay for infrastructure such as schools, roads, etc., in effect, a tax the developer merely passes on to the consumer.

[EconProf]

Let’s not resort to simplistic slogans that developers always make lots of money. They have certainly not been making money in recent years, as reflected by their stock prices and the fact that many smaller builders simply went out of business. Yes, they capitalized on our insane appetite for houses during the bubble years (and why shouldn’t they?), and made money then. But over the course of the cycle their profitablity isn’t so great.
What has stayed the same is the costly burden of government. If you haven’t built or put on an addition, you have no idea of the wasteful burden put on builders, which must be passed on to the consumer.
As to the above complaint about Mello-Roos fees, this is to pay for infrastructure such as schools, roads, etc., in effect, a tax the developer merely passes on to the consumer.

[EconProf]

Let’s not resort to simplistic slogans that developers always make lots of money. They have certainly not been making money in recent years, as reflected by their stock prices and the fact that many smaller builders simply went out of business. Yes, they capitalized on our insane appetite for houses during the bubble years (and why shouldn’t they?), and made money then. But over the course of the cycle their profitablity isn’t so great.
What has stayed the same is the costly burden of government. If you haven’t built or put on an addition, you have no idea of the wasteful burden put on builders, which must be passed on to the consumer.
As to the above complaint about Mello-Roos fees, this is to pay for infrastructure such as schools, roads, etc., in effect, a tax the developer merely passes on to the consumer.

[Author]

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