Why I am leaving San Diego

[briansd1]

[quote=jstoesz]I think Occams razor applies here.

Californians on the aggregate are irresponsible with their money. It has been proven time and time again. The reason why Clairemont cost so much has nothing to do with the old fogies, or weather, or the beach, and everything to do with people willing to spend more of their income on a house than other parts of the country.[/quote]

I agree with you.

Values are based on what buyers are willing to pay (too much), not on owners who never plan to sell.

Californians have always been bailed out by rising values. But maybe not this time because, this time, the debts are too great.

I’m not predicting an implosion, but a long period of stagnation while the rest of the country catches up. Japan has had 20 years of stagnation while the rest of the world catches up.

[jstoesz]

Brian I tend to agree on the stagnation prediction, but we are so volatile here. And it has happened in other locations.

Detroit imploded…

[jstoesz]

Brian I tend to agree on the stagnation prediction, but we are so volatile here. And it has happened in other locations.

Detroit imploded…

[jstoesz]

Brian I tend to agree on the stagnation prediction, but we are so volatile here. And it has happened in other locations.

Detroit imploded…

[jstoesz]

Brian I tend to agree on the stagnation prediction, but we are so volatile here. And it has happened in other locations.

Detroit imploded…

[jstoesz]

Brian I tend to agree on the stagnation prediction, but we are so volatile here. And it has happened in other locations.

Detroit imploded…

[jstoesz]

[quote=bearishgurl][quote=jstoesz]. . . In other words, old people are not why Clairemont is expensive.[/quote]

Agreed.

But is Clairemont “expensive” in relation to other SD neighborhoods?

If you think so, which neighborhoods do you think are a better buy??

Just curious…[/quote]

I am really struggling to come up with a better buy…it is like asking me which limb I would cut off first. It is an unpleasant choice. If I had too, I think Mt. Helix may have the greatest chance of an upside. If the city keeps growing it gets less east every day. Interesting homes on big lots prices far lower per square foot than much of the county. And I have seen some potentially fair deals out there compared to the brutal rip offs of the rest of the county.

But the whole county makes me really nervous

[jstoesz]

[quote=bearishgurl][quote=jstoesz]. . . In other words, old people are not why Clairemont is expensive.[/quote]

Agreed.

But is Clairemont “expensive” in relation to other SD neighborhoods?

If you think so, which neighborhoods do you think are a better buy??

Just curious…[/quote]

I am really struggling to come up with a better buy…it is like asking me which limb I would cut off first. It is an unpleasant choice. If I had too, I think Mt. Helix may have the greatest chance of an upside. If the city keeps growing it gets less east every day. Interesting homes on big lots prices far lower per square foot than much of the county. And I have seen some potentially fair deals out there compared to the brutal rip offs of the rest of the county.

But the whole county makes me really nervous

[jstoesz]

[quote=bearishgurl][quote=jstoesz]. . . In other words, old people are not why Clairemont is expensive.[/quote]

Agreed.

But is Clairemont “expensive” in relation to other SD neighborhoods?

If you think so, which neighborhoods do you think are a better buy??

Just curious…[/quote]

I am really struggling to come up with a better buy…it is like asking me which limb I would cut off first. It is an unpleasant choice. If I had too, I think Mt. Helix may have the greatest chance of an upside. If the city keeps growing it gets less east every day. Interesting homes on big lots prices far lower per square foot than much of the county. And I have seen some potentially fair deals out there compared to the brutal rip offs of the rest of the county.

But the whole county makes me really nervous

[jstoesz]

[quote=bearishgurl][quote=jstoesz]. . . In other words, old people are not why Clairemont is expensive.[/quote]

Agreed.

But is Clairemont “expensive” in relation to other SD neighborhoods?

If you think so, which neighborhoods do you think are a better buy??

Just curious…[/quote]

I am really struggling to come up with a better buy…it is like asking me which limb I would cut off first. It is an unpleasant choice. If I had too, I think Mt. Helix may have the greatest chance of an upside. If the city keeps growing it gets less east every day. Interesting homes on big lots prices far lower per square foot than much of the county. And I have seen some potentially fair deals out there compared to the brutal rip offs of the rest of the county.

But the whole county makes me really nervous

[jstoesz]

[quote=bearishgurl][quote=jstoesz]. . . In other words, old people are not why Clairemont is expensive.[/quote]

Agreed.

But is Clairemont “expensive” in relation to other SD neighborhoods?

If you think so, which neighborhoods do you think are a better buy??

Just curious…[/quote]

I am really struggling to come up with a better buy…it is like asking me which limb I would cut off first. It is an unpleasant choice. If I had too, I think Mt. Helix may have the greatest chance of an upside. If the city keeps growing it gets less east every day. Interesting homes on big lots prices far lower per square foot than much of the county. And I have seen some potentially fair deals out there compared to the brutal rip offs of the rest of the county.

But the whole county makes me really nervous

[(former)FormerSanDiegan]

[quote=jstoesz]oh just to hammer my whole point home about how much homes cost here in relation to better neighborhoods in other cities.

This is the zip I grew up in.

http://realestate.aol.com/55419-neighborhood

3.2X !!!
income is 20k more and homes are almost 200k cheaper.[/quote]

I agree with you 100% that San Diego is overpriced compared to many other cities.

My simple point is that right now in 2010, in terms of monthly costs relative to rent or income San Diego (in aggregate and in many median-priced neighborhoods, such as Clairemont) is more affordable than it has been since at least 1977.

[(former)FormerSanDiegan]

[quote=jstoesz]oh just to hammer my whole point home about how much homes cost here in relation to better neighborhoods in other cities.

This is the zip I grew up in.

http://realestate.aol.com/55419-neighborhood

3.2X !!!
income is 20k more and homes are almost 200k cheaper.[/quote]

I agree with you 100% that San Diego is overpriced compared to many other cities.

My simple point is that right now in 2010, in terms of monthly costs relative to rent or income San Diego (in aggregate and in many median-priced neighborhoods, such as Clairemont) is more affordable than it has been since at least 1977.

[(former)FormerSanDiegan]

[quote=jstoesz]oh just to hammer my whole point home about how much homes cost here in relation to better neighborhoods in other cities.

This is the zip I grew up in.

http://realestate.aol.com/55419-neighborhood

3.2X !!!
income is 20k more and homes are almost 200k cheaper.[/quote]

I agree with you 100% that San Diego is overpriced compared to many other cities.

My simple point is that right now in 2010, in terms of monthly costs relative to rent or income San Diego (in aggregate and in many median-priced neighborhoods, such as Clairemont) is more affordable than it has been since at least 1977.

[(former)FormerSanDiegan]

[quote=jstoesz]oh just to hammer my whole point home about how much homes cost here in relation to better neighborhoods in other cities.

This is the zip I grew up in.

http://realestate.aol.com/55419-neighborhood

3.2X !!!
income is 20k more and homes are almost 200k cheaper.[/quote]

I agree with you 100% that San Diego is overpriced compared to many other cities.

My simple point is that right now in 2010, in terms of monthly costs relative to rent or income San Diego (in aggregate and in many median-priced neighborhoods, such as Clairemont) is more affordable than it has been since at least 1977.

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