What is keeping real estate prices so high in San Diego?

[sdnativeson]

Sorry An, I wrote that poorly, I meant mid 100k.

Still, with today’s financing and without a sizeable downpayment, 150k a year is a stretch to put you into a 500k home. Unless of course you have absolutely no other debt along with a few other factors.

[mixxalot]

Good points,

I make over 100k a year and cannot afford a home here yet.

Then again there are married couples making over 200k so they are keeping prices high. That and easy financing still is somewhat available. I hear all the zero down payment plans still exist in the newspaper real estate section and flyers. Guess it takes time.

I made a wager that in 3-5 years if I cannot afford a home in San Diego that I would move to a cheaper place like Texas where a large home costs 100-300k versus 700-1million in San Diego.

[mixxalot]

Good points,

I make over 100k a year and cannot afford a home here yet.

Then again there are married couples making over 200k so they are keeping prices high. That and easy financing still is somewhat available. I hear all the zero down payment plans still exist in the newspaper real estate section and flyers. Guess it takes time.

I made a wager that in 3-5 years if I cannot afford a home in San Diego that I would move to a cheaper place like Texas where a large home costs 100-300k versus 700-1million in San Diego.

[mixxalot]

Good points,

I make over 100k a year and cannot afford a home here yet.

Then again there are married couples making over 200k so they are keeping prices high. That and easy financing still is somewhat available. I hear all the zero down payment plans still exist in the newspaper real estate section and flyers. Guess it takes time.

I made a wager that in 3-5 years if I cannot afford a home in San Diego that I would move to a cheaper place like Texas where a large home costs 100-300k versus 700-1million in San Diego.

[mixxalot]

Good points,

I make over 100k a year and cannot afford a home here yet.

Then again there are married couples making over 200k so they are keeping prices high. That and easy financing still is somewhat available. I hear all the zero down payment plans still exist in the newspaper real estate section and flyers. Guess it takes time.

I made a wager that in 3-5 years if I cannot afford a home in San Diego that I would move to a cheaper place like Texas where a large home costs 100-300k versus 700-1million in San Diego.

[mixxalot]

Good points,

I make over 100k a year and cannot afford a home here yet.

Then again there are married couples making over 200k so they are keeping prices high. That and easy financing still is somewhat available. I hear all the zero down payment plans still exist in the newspaper real estate section and flyers. Guess it takes time.

I made a wager that in 3-5 years if I cannot afford a home in San Diego that I would move to a cheaper place like Texas where a large home costs 100-300k versus 700-1million in San Diego.

[kewp]

Sorry An, I wrote that poorly, I meant mid 100k.

I call shenanigans.

The only difference between now and 1998 employment-wise in SD has been the huge growth in the RE and financial services sector. Due to loose lending standards and rampant speculation, I might add.

This is changing, slowly. Check Rich’s job charts.

[kewp]

Sorry An, I wrote that poorly, I meant mid 100k.

I call shenanigans.

The only difference between now and 1998 employment-wise in SD has been the huge growth in the RE and financial services sector. Due to loose lending standards and rampant speculation, I might add.

This is changing, slowly. Check Rich’s job charts.

[kewp]

Sorry An, I wrote that poorly, I meant mid 100k.

I call shenanigans.

The only difference between now and 1998 employment-wise in SD has been the huge growth in the RE and financial services sector. Due to loose lending standards and rampant speculation, I might add.

This is changing, slowly. Check Rich’s job charts.

[kewp]

Sorry An, I wrote that poorly, I meant mid 100k.

I call shenanigans.

The only difference between now and 1998 employment-wise in SD has been the huge growth in the RE and financial services sector. Due to loose lending standards and rampant speculation, I might add.

This is changing, slowly. Check Rich’s job charts.

[kewp]

Sorry An, I wrote that poorly, I meant mid 100k.

I call shenanigans.

The only difference between now and 1998 employment-wise in SD has been the huge growth in the RE and financial services sector. Due to loose lending standards and rampant speculation, I might add.

This is changing, slowly. Check Rich’s job charts.

[Author]

Posts