Why I am leaving San Diego

[(former)FormerSanDiegan]

[quote=protorio]

But to be honest, things are getting affordable in more normal San Diegan neighborhoods. I’ve seen a lot of nice normal houses between 300-350K in family neighborhoods.

I’d be happy to live in other parts of the country. But I’m glad I’m here.[/quote]

I agree that there are some affordable options. In my opinion, if you can’t swing a house financially in San Diego today, odds are that you probably never will (barring salary increase, career change graduating, etc) …
(For those who can afford, but are holding off for various reasons, willingness and readiness are separate issues. There may be plenty of other valid reasons to hold off. I am strictly talking ability here).

According to Rich’s figures, affordability is at or near a 35-year high. Monthly payments, relative to rent or relative to income are as low as have been measured for at least 33 years.

Here is a link to his figures, with the one’s I am referring to below for convenience…

Shambling Further From Affordability

[img_assist|nid=14211|title=SD payment-to-rent ratio|desc=|link=node|align=left|width=432|height=334]

[img_assist|nid=14212|title=SD payment-to-income ratio|desc=|link=node|align=left|width=436|height=335]

[jstoesz]

[quote=CA renter]Also, just want to clarify…I don’t think jp or I are looking for that “special” Del Mar house that everyone else wants to buy.

There is this weird misconception on housing blogs that those of us who complain about the intervention or high prices are simply “whiners” who are looking for million-dollar properties to drop to $200K. That’s not the case with any of the bubble-sitters I’m aware of. We’re looking for very ordinary homes — no McMansions and no granite, please! — and just want prices to go to levels that are aligned with historical norms and price/rent ratios. We want prices to go where they would go without all the unprecedented intervention. That is NOT feeling “entitled” by any stretch of the imagination.[/quote]

CAR, I completely agree with this sentiment. If homes we just to readjust to the pre-bubble levels in the neighborhoods we liked. I would be sold on SD. We would be happy to pay 96 prices adjusted for inflation plus 1-3% annually.

[jstoesz]

[quote=CA renter]Also, just want to clarify…I don’t think jp or I are looking for that “special” Del Mar house that everyone else wants to buy.

There is this weird misconception on housing blogs that those of us who complain about the intervention or high prices are simply “whiners” who are looking for million-dollar properties to drop to $200K. That’s not the case with any of the bubble-sitters I’m aware of. We’re looking for very ordinary homes — no McMansions and no granite, please! — and just want prices to go to levels that are aligned with historical norms and price/rent ratios. We want prices to go where they would go without all the unprecedented intervention. That is NOT feeling “entitled” by any stretch of the imagination.[/quote]

CAR, I completely agree with this sentiment. If homes we just to readjust to the pre-bubble levels in the neighborhoods we liked. I would be sold on SD. We would be happy to pay 96 prices adjusted for inflation plus 1-3% annually.

[jstoesz]

[quote=CA renter]Also, just want to clarify…I don’t think jp or I are looking for that “special” Del Mar house that everyone else wants to buy.

There is this weird misconception on housing blogs that those of us who complain about the intervention or high prices are simply “whiners” who are looking for million-dollar properties to drop to $200K. That’s not the case with any of the bubble-sitters I’m aware of. We’re looking for very ordinary homes — no McMansions and no granite, please! — and just want prices to go to levels that are aligned with historical norms and price/rent ratios. We want prices to go where they would go without all the unprecedented intervention. That is NOT feeling “entitled” by any stretch of the imagination.[/quote]

CAR, I completely agree with this sentiment. If homes we just to readjust to the pre-bubble levels in the neighborhoods we liked. I would be sold on SD. We would be happy to pay 96 prices adjusted for inflation plus 1-3% annually.

[jstoesz]

[quote=CA renter]Also, just want to clarify…I don’t think jp or I are looking for that “special” Del Mar house that everyone else wants to buy.

There is this weird misconception on housing blogs that those of us who complain about the intervention or high prices are simply “whiners” who are looking for million-dollar properties to drop to $200K. That’s not the case with any of the bubble-sitters I’m aware of. We’re looking for very ordinary homes — no McMansions and no granite, please! — and just want prices to go to levels that are aligned with historical norms and price/rent ratios. We want prices to go where they would go without all the unprecedented intervention. That is NOT feeling “entitled” by any stretch of the imagination.[/quote]

CAR, I completely agree with this sentiment. If homes we just to readjust to the pre-bubble levels in the neighborhoods we liked. I would be sold on SD. We would be happy to pay 96 prices adjusted for inflation plus 1-3% annually.

[jstoesz]

[quote=CA renter]Also, just want to clarify…I don’t think jp or I are looking for that “special” Del Mar house that everyone else wants to buy.

There is this weird misconception on housing blogs that those of us who complain about the intervention or high prices are simply “whiners” who are looking for million-dollar properties to drop to $200K. That’s not the case with any of the bubble-sitters I’m aware of. We’re looking for very ordinary homes — no McMansions and no granite, please! — and just want prices to go to levels that are aligned with historical norms and price/rent ratios. We want prices to go where they would go without all the unprecedented intervention. That is NOT feeling “entitled” by any stretch of the imagination.[/quote]

CAR, I completely agree with this sentiment. If homes we just to readjust to the pre-bubble levels in the neighborhoods we liked. I would be sold on SD. We would be happy to pay 96 prices adjusted for inflation plus 1-3% annually.

[jstoesz]

Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.

[jstoesz]

Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.

[jstoesz]

Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.

[jstoesz]

Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.

[jstoesz]

Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.

[jpinpb]

[quote=jstoesz]Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.[/quote]

x2. Sure I can afford to live in the outskirts or ghetto. Just b/c I can afford it, doesn’t mean it is a good financial move, or even safe move.

There are some pretty cheap homes that have come up in City Heights that are close to 2001 pricing. Just b/c I can afford it doesn’t mean I should buy there just for the sake of living in San Diego. While I’m not aspiring to live in Del Mar or La Jolla, I’d like to do better than City Heights.

For me, I guess as long as I can rent somewhere decent, then buying isn’t an urgency. It would be nice to find something to buy close to what I’m renting in my area.

[jpinpb]

[quote=jstoesz]Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.[/quote]

x2. Sure I can afford to live in the outskirts or ghetto. Just b/c I can afford it, doesn’t mean it is a good financial move, or even safe move.

There are some pretty cheap homes that have come up in City Heights that are close to 2001 pricing. Just b/c I can afford it doesn’t mean I should buy there just for the sake of living in San Diego. While I’m not aspiring to live in Del Mar or La Jolla, I’d like to do better than City Heights.

For me, I guess as long as I can rent somewhere decent, then buying isn’t an urgency. It would be nice to find something to buy close to what I’m renting in my area.

[jpinpb]

[quote=jstoesz]Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.[/quote]

x2. Sure I can afford to live in the outskirts or ghetto. Just b/c I can afford it, doesn’t mean it is a good financial move, or even safe move.

There are some pretty cheap homes that have come up in City Heights that are close to 2001 pricing. Just b/c I can afford it doesn’t mean I should buy there just for the sake of living in San Diego. While I’m not aspiring to live in Del Mar or La Jolla, I’d like to do better than City Heights.

For me, I guess as long as I can rent somewhere decent, then buying isn’t an urgency. It would be nice to find something to buy close to what I’m renting in my area.

[jpinpb]

[quote=jstoesz]Those curves imo are kind of useless. I don’t want really affordable payments on a vastly overpriced asset. That is a recipe for a complete disaster. Not just a small disaster, but end of your fiscal life type disaster.

Furthermore, that is SD county which has on the aggregate come down. This includes all manner of neighborhoods, from Jamul to la jolla. I would like to see that curve by zip code. Now that would be enlightening.[/quote]

x2. Sure I can afford to live in the outskirts or ghetto. Just b/c I can afford it, doesn’t mean it is a good financial move, or even safe move.

There are some pretty cheap homes that have come up in City Heights that are close to 2001 pricing. Just b/c I can afford it doesn’t mean I should buy there just for the sake of living in San Diego. While I’m not aspiring to live in Del Mar or La Jolla, I’d like to do better than City Heights.

For me, I guess as long as I can rent somewhere decent, then buying isn’t an urgency. It would be nice to find something to buy close to what I’m renting in my area.

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