What is the equivalent home in San Diego to this $158k home in Austin?

[bearishgurl]

I also forgot to mention your future little armored neighbors, which are everywhere, city or country. And they cross the road wherever they want to … slow … and often don’t make it, lol.

[img_assist|nid=14455|title=Armadillo|desc=|link=node|align=left|width=100|height=64]

[sdrealtor]

OK here are a couple points to consider looking at buy vs. rent

The rent for that house in Austin is perhaps $1200/month.

http://www.rentjungle.com/austin-apartments-and-houses-for-rent/cla:30.3955669/clo:-97.6432418/minbeds:3/maxbeds:3/house:1/

In San Carlos a house like that would run you $350 to 400K. It would also run you about $2,000/month to rent. That extra $800 a month would pay the interest on close to $200K worth of mortgage. Making the apples to apples comparison closer to 325K for the Austin house.

I dont know much about taxes in Texas but from what I have heard the taxes on that Austin house would be about $4 to 5K/year. Feel free to correct me if I am wrong. The taxes on a house like that in San Carlos would be about $4K so there is a slight advantage here also (assuming my TX # is correct).

So forget about all the horrible insect life in Texas, the nieghbors, the flat terrain, the hot humid weather with big a/c bills, the location a couple days drive from the ocean and you still arent seeing much a of a “real “price differential when you really get down to it.

[sdrealtor]

OK here are a couple points to consider looking at buy vs. rent

The rent for that house in Austin is perhaps $1200/month.

http://www.rentjungle.com/austin-apartments-and-houses-for-rent/cla:30.3955669/clo:-97.6432418/minbeds:3/maxbeds:3/house:1/

In San Carlos a house like that would run you $350 to 400K. It would also run you about $2,000/month to rent. That extra $800 a month would pay the interest on close to $200K worth of mortgage. Making the apples to apples comparison closer to 325K for the Austin house.

I dont know much about taxes in Texas but from what I have heard the taxes on that Austin house would be about $4 to 5K/year. Feel free to correct me if I am wrong. The taxes on a house like that in San Carlos would be about $4K so there is a slight advantage here also (assuming my TX # is correct).

So forget about all the horrible insect life in Texas, the nieghbors, the flat terrain, the hot humid weather with big a/c bills, the location a couple days drive from the ocean and you still arent seeing much a of a “real “price differential when you really get down to it.

[sdrealtor]

OK here are a couple points to consider looking at buy vs. rent

The rent for that house in Austin is perhaps $1200/month.

http://www.rentjungle.com/austin-apartments-and-houses-for-rent/cla:30.3955669/clo:-97.6432418/minbeds:3/maxbeds:3/house:1/

In San Carlos a house like that would run you $350 to 400K. It would also run you about $2,000/month to rent. That extra $800 a month would pay the interest on close to $200K worth of mortgage. Making the apples to apples comparison closer to 325K for the Austin house.

I dont know much about taxes in Texas but from what I have heard the taxes on that Austin house would be about $4 to 5K/year. Feel free to correct me if I am wrong. The taxes on a house like that in San Carlos would be about $4K so there is a slight advantage here also (assuming my TX # is correct).

So forget about all the horrible insect life in Texas, the nieghbors, the flat terrain, the hot humid weather with big a/c bills, the location a couple days drive from the ocean and you still arent seeing much a of a “real “price differential when you really get down to it.

[sdrealtor]

OK here are a couple points to consider looking at buy vs. rent

The rent for that house in Austin is perhaps $1200/month.

http://www.rentjungle.com/austin-apartments-and-houses-for-rent/cla:30.3955669/clo:-97.6432418/minbeds:3/maxbeds:3/house:1/

In San Carlos a house like that would run you $350 to 400K. It would also run you about $2,000/month to rent. That extra $800 a month would pay the interest on close to $200K worth of mortgage. Making the apples to apples comparison closer to 325K for the Austin house.

I dont know much about taxes in Texas but from what I have heard the taxes on that Austin house would be about $4 to 5K/year. Feel free to correct me if I am wrong. The taxes on a house like that in San Carlos would be about $4K so there is a slight advantage here also (assuming my TX # is correct).

So forget about all the horrible insect life in Texas, the nieghbors, the flat terrain, the hot humid weather with big a/c bills, the location a couple days drive from the ocean and you still arent seeing much a of a “real “price differential when you really get down to it.

[sdrealtor]

OK here are a couple points to consider looking at buy vs. rent

The rent for that house in Austin is perhaps $1200/month.

http://www.rentjungle.com/austin-apartments-and-houses-for-rent/cla:30.3955669/clo:-97.6432418/minbeds:3/maxbeds:3/house:1/

In San Carlos a house like that would run you $350 to 400K. It would also run you about $2,000/month to rent. That extra $800 a month would pay the interest on close to $200K worth of mortgage. Making the apples to apples comparison closer to 325K for the Austin house.

I dont know much about taxes in Texas but from what I have heard the taxes on that Austin house would be about $4 to 5K/year. Feel free to correct me if I am wrong. The taxes on a house like that in San Carlos would be about $4K so there is a slight advantage here also (assuming my TX # is correct).

So forget about all the horrible insect life in Texas, the nieghbors, the flat terrain, the hot humid weather with big a/c bills, the location a couple days drive from the ocean and you still arent seeing much a of a “real “price differential when you really get down to it.

[Eugene]

Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.

[Eugene]

Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.

[Eugene]

Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.

[Eugene]

Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.

[Eugene]

Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.

[bearishgurl]

[quote=Eugene]Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.[/quote]

Eugene, your first, Otay Mesa listing does not fit the demographics of the Austin listing and is also at least 14 mi from dtn SD. Your second, Valencia Park listing is perfect. That’s where the comps are.

[bearishgurl]

[quote=Eugene]Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.[/quote]

Eugene, your first, Otay Mesa listing does not fit the demographics of the Austin listing and is also at least 14 mi from dtn SD. Your second, Valencia Park listing is perfect. That’s where the comps are.

[bearishgurl]

[quote=Eugene]Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.[/quote]

Eugene, your first, Otay Mesa listing does not fit the demographics of the Austin listing and is also at least 14 mi from dtn SD. Your second, Valencia Park listing is perfect. That’s where the comps are.

[bearishgurl]

[quote=Eugene]Race/ethnic composition: white 23%, black 24%, hispanic 50%
Education: HS or higher 68%, bachelor’s or higher 15%, master’s or higher 4%
Median household income: $44k

In San Diego terms, above Barrio Logan and National City, but below Encanto and Spring Valley.

Certainly not San Carlos or even close.

A good comparable property could be this

http://www.redfin.com/CA/San-Diego/3936-Coleman-Ave-92154/home/6154044

Or this

http://www.redfin.com/CA/San-Diego/5315-Logan-Ave-92114/home/5902341

The Austin property is a bit bigger and newer, but it is hard to find a comparable neighborhood in San Diego that has many houses built in 1980.[/quote]

Eugene, your first, Otay Mesa listing does not fit the demographics of the Austin listing and is also at least 14 mi from dtn SD. Your second, Valencia Park listing is perfect. That’s where the comps are.

[Author]

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