When will be a good time to buy in san diego?

[JustLurking]

I haven’t been by there in ages. I really liked that condo. It was a very nice complex and I am glad to hear it still is. Too bad about your neighbor (or not, if he/she is not a good one). My ex and I were just out of college with our first jobs when we bought there. Calle Cristobal didn’t go through back then, so across the street was nothing but fields and coyotes. In fact, the only way to get there was to drive around barricades at the intersection of Mira Mesa Blvd. and Aquarius. We used to ride mountain bikes all around what is now a sea of subdivisions.

Edited to add: Did you know that the street was named after a woman who worked in the developer’s sales office? Karen (I think?) La Bar did the paperwork on our purchase.

[nostradamus]

Wow, nothing but fields between you and Penasquitos canyon. Must have been nice! We still have lots of coyotes BTW, as well as skunks, possum, deer, snakes, and bunnies.

I didn’t know it was named after a woman, in Spanish La Bar means the bar (like where you go to get a drink).

She’s a quiet neighbor getting foreclosed on, my only complaint is the trash in her carport but I’ve had much, much worse neighbors so it’s not all that bad. She seems to be a hard working, single, Filipina mom who got in over her head. Her kid is a very nice boy. It’s kinda sad.

[nostradamus]

Wow, nothing but fields between you and Penasquitos canyon. Must have been nice! We still have lots of coyotes BTW, as well as skunks, possum, deer, snakes, and bunnies.

I didn’t know it was named after a woman, in Spanish La Bar means the bar (like where you go to get a drink).

She’s a quiet neighbor getting foreclosed on, my only complaint is the trash in her carport but I’ve had much, much worse neighbors so it’s not all that bad. She seems to be a hard working, single, Filipina mom who got in over her head. Her kid is a very nice boy. It’s kinda sad.

[nostradamus]

Wow, nothing but fields between you and Penasquitos canyon. Must have been nice! We still have lots of coyotes BTW, as well as skunks, possum, deer, snakes, and bunnies.

I didn’t know it was named after a woman, in Spanish La Bar means the bar (like where you go to get a drink).

She’s a quiet neighbor getting foreclosed on, my only complaint is the trash in her carport but I’ve had much, much worse neighbors so it’s not all that bad. She seems to be a hard working, single, Filipina mom who got in over her head. Her kid is a very nice boy. It’s kinda sad.

[nostradamus]

Wow, nothing but fields between you and Penasquitos canyon. Must have been nice! We still have lots of coyotes BTW, as well as skunks, possum, deer, snakes, and bunnies.

I didn’t know it was named after a woman, in Spanish La Bar means the bar (like where you go to get a drink).

She’s a quiet neighbor getting foreclosed on, my only complaint is the trash in her carport but I’ve had much, much worse neighbors so it’s not all that bad. She seems to be a hard working, single, Filipina mom who got in over her head. Her kid is a very nice boy. It’s kinda sad.

[nostradamus]

Wow, nothing but fields between you and Penasquitos canyon. Must have been nice! We still have lots of coyotes BTW, as well as skunks, possum, deer, snakes, and bunnies.

I didn’t know it was named after a woman, in Spanish La Bar means the bar (like where you go to get a drink).

She’s a quiet neighbor getting foreclosed on, my only complaint is the trash in her carport but I’ve had much, much worse neighbors so it’s not all that bad. She seems to be a hard working, single, Filipina mom who got in over her head. Her kid is a very nice boy. It’s kinda sad.

[jficquette]

When you can buy something for what it would have cost in 1998.

[jficquette]

When you can buy something for what it would have cost in 1998.

[jficquette]

When you can buy something for what it would have cost in 1998.

[jficquette]

When you can buy something for what it would have cost in 1998.

[jficquette]

When you can buy something for what it would have cost in 1998.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[Author]

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