Why I am leaving San Diego

[briansd1]

[quote=CA renter]

It is the DURATION of the downturn that will cause the most pain, not the depth.[/quote]

I kinda agree… except that we are not in a downturn anymore. I’ve had a recovery, not a strong recovery, but still a recovery.

I honestly don’t believe that if we had let the financial system completely collapse, we’d be in a recovery.

So far our $15 trillion economy is growing. If he had let it collapse to $12 trillion, we’d still be in the hole (that’s what peak buyers of real estate are facing; they won’t be made whole for a long time).

[jstoesz]

Maybe I am some crazy doom and gloomer about our economy. But I think we are in worse shape than we were in 08 and 09. We have covered up our problems for the last 3 years in the hopes that another bubble will float them away. If we would have bottomed at 12 trillion, I think we will bottom much lower now.

We are one unsuccessful bond auction away from insolvency. And the chances of this go up every day…

[jstoesz]

Maybe I am some crazy doom and gloomer about our economy. But I think we are in worse shape than we were in 08 and 09. We have covered up our problems for the last 3 years in the hopes that another bubble will float them away. If we would have bottomed at 12 trillion, I think we will bottom much lower now.

We are one unsuccessful bond auction away from insolvency. And the chances of this go up every day…

[jstoesz]

Maybe I am some crazy doom and gloomer about our economy. But I think we are in worse shape than we were in 08 and 09. We have covered up our problems for the last 3 years in the hopes that another bubble will float them away. If we would have bottomed at 12 trillion, I think we will bottom much lower now.

We are one unsuccessful bond auction away from insolvency. And the chances of this go up every day…

[jstoesz]

Maybe I am some crazy doom and gloomer about our economy. But I think we are in worse shape than we were in 08 and 09. We have covered up our problems for the last 3 years in the hopes that another bubble will float them away. If we would have bottomed at 12 trillion, I think we will bottom much lower now.

We are one unsuccessful bond auction away from insolvency. And the chances of this go up every day…

[jstoesz]

Maybe I am some crazy doom and gloomer about our economy. But I think we are in worse shape than we were in 08 and 09. We have covered up our problems for the last 3 years in the hopes that another bubble will float them away. If we would have bottomed at 12 trillion, I think we will bottom much lower now.

We are one unsuccessful bond auction away from insolvency. And the chances of this go up every day…

[bearishgurl]

[quote=jpinpb]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.[/quote]

jp, if you currently live in PB, I’m sure you know that it is a move-up area. I think it would definitely be cheaper to rent than buy in PB.

The vast majority of first-time buyers would not be able to buy in PB and would not expect to be able to.

I agree with you that City Heights is definitely the bottom of the SD barrel when it comes to RE holding its value. I would not recommend buying there for any reason, whether for a principal residence OR rental investment.

But there must be some zip codes that would be a “happy medium” for you to shop in . . . no?

[bearishgurl]

[quote=jpinpb]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.[/quote]

jp, if you currently live in PB, I’m sure you know that it is a move-up area. I think it would definitely be cheaper to rent than buy in PB.

The vast majority of first-time buyers would not be able to buy in PB and would not expect to be able to.

I agree with you that City Heights is definitely the bottom of the SD barrel when it comes to RE holding its value. I would not recommend buying there for any reason, whether for a principal residence OR rental investment.

But there must be some zip codes that would be a “happy medium” for you to shop in . . . no?

[bearishgurl]

[quote=jpinpb]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.[/quote]

jp, if you currently live in PB, I’m sure you know that it is a move-up area. I think it would definitely be cheaper to rent than buy in PB.

The vast majority of first-time buyers would not be able to buy in PB and would not expect to be able to.

I agree with you that City Heights is definitely the bottom of the SD barrel when it comes to RE holding its value. I would not recommend buying there for any reason, whether for a principal residence OR rental investment.

But there must be some zip codes that would be a “happy medium” for you to shop in . . . no?

[bearishgurl]

[quote=jpinpb]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.[/quote]

jp, if you currently live in PB, I’m sure you know that it is a move-up area. I think it would definitely be cheaper to rent than buy in PB.

The vast majority of first-time buyers would not be able to buy in PB and would not expect to be able to.

I agree with you that City Heights is definitely the bottom of the SD barrel when it comes to RE holding its value. I would not recommend buying there for any reason, whether for a principal residence OR rental investment.

But there must be some zip codes that would be a “happy medium” for you to shop in . . . no?

[bearishgurl]

[quote=jpinpb]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.[/quote]

jp, if you currently live in PB, I’m sure you know that it is a move-up area. I think it would definitely be cheaper to rent than buy in PB.

The vast majority of first-time buyers would not be able to buy in PB and would not expect to be able to.

I agree with you that City Heights is definitely the bottom of the SD barrel when it comes to RE holding its value. I would not recommend buying there for any reason, whether for a principal residence OR rental investment.

But there must be some zip codes that would be a “happy medium” for you to shop in . . . no?

[jpinpb]

BG – I don’t currently live in PB and for other complicated reasons am not looking in PB any longer. I do understand that PB is move up. Still keeping track of PB just as a gauge and they are still out of reach even for move up.

[jpinpb]

BG – I don’t currently live in PB and for other complicated reasons am not looking in PB any longer. I do understand that PB is move up. Still keeping track of PB just as a gauge and they are still out of reach even for move up.

[jpinpb]

BG – I don’t currently live in PB and for other complicated reasons am not looking in PB any longer. I do understand that PB is move up. Still keeping track of PB just as a gauge and they are still out of reach even for move up.

[jpinpb]

BG – I don’t currently live in PB and for other complicated reasons am not looking in PB any longer. I do understand that PB is move up. Still keeping track of PB just as a gauge and they are still out of reach even for move up.

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