I’ve been renting in Southpointe for several years, have children elementary age and younger, and my spouse and I both work at UCSD.
Although I’m negative on the local residential RE market in general, I don’t think that the unit you are looking at presents any special risk if you can get it closer to 450k than to 500k. There weren’t particularly high levels of sales in the bubble years, so I don’t expect a flood of foreclosures.
Several factors help support prices and rents there:
–proximity to UCSD
–walking distance to a synagogue
–relatively cheap housing for the school district
–proximity to Trader Joe’s 😉
We’ve probably had a noisy late-night party near us 4 times in 4 years, and 2 of those were graduation parties that I don’t begrudge anybody.
Having the park right across the street is a huge plus with young children and was one of the important features for us when we moved into Southpointe. We had friends living in La Jolla Shores Heights who would have been much happier there if they had a park – they often would drive to the park near Southpointe.
The association fees have increased substantially in recent years, but there has been a lot of repair and replacement going on that probably was deferred in the low-fee years. I’d expect more stability in the fees going forward.
There isn’t much sense of community in the development, but people with children (or dogs) strike up friendships in the park.
We are planning to leave Southpointe (we’re doing some slow-motion house hunting). The mix of age and genders of our children will rule out shared rooms in a few years, so 3BR won’t be adequate.
One negative factor for Southpointe, if you have kids and are picking it for the short commute, is that the middle school and high school in La Jolla would be a pain to travel to and from.
My husband works at UCSD and I work in downtown La Jolla, so the schools would be close enough for me to do the dropoff/pickup.
The seller’s agent told us that the HOA indeed paid for the recent external re-painting, roof replacement, deck & fence replacement for this particular unit.
My husband works at UCSD and I work in downtown La Jolla, so the schools would be close enough for me to do the dropoff/pickup.
The seller’s agent told us that the HOA indeed paid for the recent external re-painting, roof replacement, deck & fence replacement for this particular unit.
My husband works at UCSD and I work in downtown La Jolla, so the schools would be close enough for me to do the dropoff/pickup.
The seller’s agent told us that the HOA indeed paid for the recent external re-painting, roof replacement, deck & fence replacement for this particular unit.
My husband works at UCSD and I work in downtown La Jolla, so the schools would be close enough for me to do the dropoff/pickup.
The seller’s agent told us that the HOA indeed paid for the recent external re-painting, roof replacement, deck & fence replacement for this particular unit.
My husband works at UCSD and I work in downtown La Jolla, so the schools would be close enough for me to do the dropoff/pickup.
The seller’s agent told us that the HOA indeed paid for the recent external re-painting, roof replacement, deck & fence replacement for this particular unit.
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