Why I am leaving San Diego

[jpinpb]

[quote=FormerSanDiegan]If you want to compare minimum down, that’s fine. Let’s apply it to both situations.

2010: 3.5% down ~ 2700/month (35% or $700 premium over rent

1996: 3.5% down ~ 1520 / month (38% or 420 premium over rent)
P&I :~1150
Taxes: 170
PMI: 150
Insurance: 50

Actually, this case more resembles what we did. We paid 5% down, and our PITI + PMI was about $1450 per month.

At that time we had a dual income, working professionals a couple years out of school, one of us with a PhD in Engineering, the other working as an Architect. Clairemont is what we could afford as a starter in 1996.

The same area is more affordable today by many metrics.[/quote]

So I guess the next question is has income gone up dramatically from 1996. Mine hasn’t. Maybe it has for some people. But I want to exclude the HELOC factor and talk just straight wages. Anyone have numbers?

[briansd1]

CA renter, at least there some government officials are who are trying to do the right thing. Not enough but better than nothing.

FDIC prepares to crack down on officials of failed banks
Dozens of former officers and directors are advised to work out settlements or face legal action for their alleged misdeeds during the financial crisis.
http://www.latimes.com/business/la-fi-fdic-lawsuits-20101111,0,7606749.story

[briansd1]

CA renter, at least there some government officials are who are trying to do the right thing. Not enough but better than nothing.

FDIC prepares to crack down on officials of failed banks
Dozens of former officers and directors are advised to work out settlements or face legal action for their alleged misdeeds during the financial crisis.
http://www.latimes.com/business/la-fi-fdic-lawsuits-20101111,0,7606749.story

[briansd1]

CA renter, at least there some government officials are who are trying to do the right thing. Not enough but better than nothing.

FDIC prepares to crack down on officials of failed banks
Dozens of former officers and directors are advised to work out settlements or face legal action for their alleged misdeeds during the financial crisis.
http://www.latimes.com/business/la-fi-fdic-lawsuits-20101111,0,7606749.story

[briansd1]

CA renter, at least there some government officials are who are trying to do the right thing. Not enough but better than nothing.

FDIC prepares to crack down on officials of failed banks
Dozens of former officers and directors are advised to work out settlements or face legal action for their alleged misdeeds during the financial crisis.
http://www.latimes.com/business/la-fi-fdic-lawsuits-20101111,0,7606749.story

[briansd1]

CA renter, at least there some government officials are who are trying to do the right thing. Not enough but better than nothing.

FDIC prepares to crack down on officials of failed banks
Dozens of former officers and directors are advised to work out settlements or face legal action for their alleged misdeeds during the financial crisis.
http://www.latimes.com/business/la-fi-fdic-lawsuits-20101111,0,7606749.story

[(former)FormerSanDiegan]

[quote=jpinpb]

So I guess the next question is has income gone up dramatically from 1996. Mine hasn’t. Maybe it has for some people. But I want to exclude the HELOC factor and talk just straight wages. Anyone have numbers?[/quote]

jpinpb – Those numbers are taken into account in Rich’s charts that I point out. The numbers are ratios of payments to income and payments to rent. The change in income is taken into account in those charts.

[(former)FormerSanDiegan]

[quote=jpinpb]

So I guess the next question is has income gone up dramatically from 1996. Mine hasn’t. Maybe it has for some people. But I want to exclude the HELOC factor and talk just straight wages. Anyone have numbers?[/quote]

jpinpb – Those numbers are taken into account in Rich’s charts that I point out. The numbers are ratios of payments to income and payments to rent. The change in income is taken into account in those charts.

[(former)FormerSanDiegan]

[quote=jpinpb]

So I guess the next question is has income gone up dramatically from 1996. Mine hasn’t. Maybe it has for some people. But I want to exclude the HELOC factor and talk just straight wages. Anyone have numbers?[/quote]

jpinpb – Those numbers are taken into account in Rich’s charts that I point out. The numbers are ratios of payments to income and payments to rent. The change in income is taken into account in those charts.

[(former)FormerSanDiegan]

[quote=jpinpb]

So I guess the next question is has income gone up dramatically from 1996. Mine hasn’t. Maybe it has for some people. But I want to exclude the HELOC factor and talk just straight wages. Anyone have numbers?[/quote]

jpinpb – Those numbers are taken into account in Rich’s charts that I point out. The numbers are ratios of payments to income and payments to rent. The change in income is taken into account in those charts.

[(former)FormerSanDiegan]

[quote=jpinpb]

So I guess the next question is has income gone up dramatically from 1996. Mine hasn’t. Maybe it has for some people. But I want to exclude the HELOC factor and talk just straight wages. Anyone have numbers?[/quote]

jpinpb – Those numbers are taken into account in Rich’s charts that I point out. The numbers are ratios of payments to income and payments to rent. The change in income is taken into account in those charts.

[jstoesz]

you guys were talking about a neighborhood…rich’s charts are county wide.

Now have the incomes of those living in that neighborhood of clairemont gone up? That is harder data to find…

Here is the current.

http://realestate.aol.com/92117-neighborhood

Wow 7.7X annual household income…that’s real affordable!

[jstoesz]

you guys were talking about a neighborhood…rich’s charts are county wide.

Now have the incomes of those living in that neighborhood of clairemont gone up? That is harder data to find…

Here is the current.

http://realestate.aol.com/92117-neighborhood

Wow 7.7X annual household income…that’s real affordable!

[jstoesz]

you guys were talking about a neighborhood…rich’s charts are county wide.

Now have the incomes of those living in that neighborhood of clairemont gone up? That is harder data to find…

Here is the current.

http://realestate.aol.com/92117-neighborhood

Wow 7.7X annual household income…that’s real affordable!

[jstoesz]

you guys were talking about a neighborhood…rich’s charts are county wide.

Now have the incomes of those living in that neighborhood of clairemont gone up? That is harder data to find…

Here is the current.

http://realestate.aol.com/92117-neighborhood

Wow 7.7X annual household income…that’s real affordable!

[Author]

Posts