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ParticipantUCGuy, I only gave the rental option because you seem to want to buy now. If continue to rent is an option, I’d do that. You said so yourself that you don’t think price is going anywhere, so why rush?
ParticipantI might be on the conservative side but if I’m in your shoes, I’d buy a cheaper house (~$350k) that would be at or close to cash flow neutral. If I have $52k to down right now, downing 20% for a $350k would mean you’d have to borrow ~$20k from your 401k. It’ll be much easier to pay off $20k than $50k. In the mean time your payment will be fixed at a relatively low number. With your income, I’m sure you can save another $100k easily over the follow 5 years. In 5 years, you can always move up and either sell your current place or rent it out if the price drops too much. Also, with a $350k house, it’ll give you breather room if one of you lose your job.
I tend to try and plan for worse case scenario and hope for the best. Although the above is not worse case, it’s still very conservative. With your hind of HH income, it would be too long before you save enough to buy a bigger house.
ParticipantI might be on the conservative side but if I’m in your shoes, I’d buy a cheaper house (~$350k) that would be at or close to cash flow neutral. If I have $52k to down right now, downing 20% for a $350k would mean you’d have to borrow ~$20k from your 401k. It’ll be much easier to pay off $20k than $50k. In the mean time your payment will be fixed at a relatively low number. With your income, I’m sure you can save another $100k easily over the follow 5 years. In 5 years, you can always move up and either sell your current place or rent it out if the price drops too much. Also, with a $350k house, it’ll give you breather room if one of you lose your job.
I tend to try and plan for worse case scenario and hope for the best. Although the above is not worse case, it’s still very conservative. With your hind of HH income, it would be too long before you save enough to buy a bigger house.
ParticipantI might be on the conservative side but if I’m in your shoes, I’d buy a cheaper house (~$350k) that would be at or close to cash flow neutral. If I have $52k to down right now, downing 20% for a $350k would mean you’d have to borrow ~$20k from your 401k. It’ll be much easier to pay off $20k than $50k. In the mean time your payment will be fixed at a relatively low number. With your income, I’m sure you can save another $100k easily over the follow 5 years. In 5 years, you can always move up and either sell your current place or rent it out if the price drops too much. Also, with a $350k house, it’ll give you breather room if one of you lose your job.
I tend to try and plan for worse case scenario and hope for the best. Although the above is not worse case, it’s still very conservative. With your hind of HH income, it would be too long before you save enough to buy a bigger house.
ParticipantI might be on the conservative side but if I’m in your shoes, I’d buy a cheaper house (~$350k) that would be at or close to cash flow neutral. If I have $52k to down right now, downing 20% for a $350k would mean you’d have to borrow ~$20k from your 401k. It’ll be much easier to pay off $20k than $50k. In the mean time your payment will be fixed at a relatively low number. With your income, I’m sure you can save another $100k easily over the follow 5 years. In 5 years, you can always move up and either sell your current place or rent it out if the price drops too much. Also, with a $350k house, it’ll give you breather room if one of you lose your job.
I tend to try and plan for worse case scenario and hope for the best. Although the above is not worse case, it’s still very conservative. With your hind of HH income, it would be too long before you save enough to buy a bigger house.
ParticipantI might be on the conservative side but if I’m in your shoes, I’d buy a cheaper house (~$350k) that would be at or close to cash flow neutral. If I have $52k to down right now, downing 20% for a $350k would mean you’d have to borrow ~$20k from your 401k. It’ll be much easier to pay off $20k than $50k. In the mean time your payment will be fixed at a relatively low number. With your income, I’m sure you can save another $100k easily over the follow 5 years. In 5 years, you can always move up and either sell your current place or rent it out if the price drops too much. Also, with a $350k house, it’ll give you breather room if one of you lose your job.
I tend to try and plan for worse case scenario and hope for the best. Although the above is not worse case, it’s still very conservative. With your hind of HH income, it would be too long before you save enough to buy a bigger house.
ParticipantI think flight noise is a little different between MM and SV. I see planes fly north west a lot, so I assume their flight path is north west. In SV, I would have to speak a lot louder or stop when the planes are directly on top of you, while in MM, it’s not nearly as bad. If you’re looking for 2000+ sq-ft houses, NW MM will be on average ~30k more than SW MM for a comparable house. They will be building a new elementary school for SW MM (starting this Summer) if that matters to you. The biggest differences for me when looking at 2000+ sq-ft houses in MM and comparing NW and SW MM is the HOA. Because of HOA, NW MM will look more well maintained while SW MM is a more hit and miss depending on the owner. However, due to the fact that there’s no HOA, you tend to see a lot more big trees.
This house: http://www.sdlookup.com/MLS-110019029-10555_Dabney_Dr_San_Diego_CA_92126 went pending after just a week on the market. Not sure what it’ll close at, but since it’s only on the market for 1 week, my guess is it’ll be closer to the high end of the asking price. Similar property in NW MM would probably sell for low to mid 500k.
ParticipantI think flight noise is a little different between MM and SV. I see planes fly north west a lot, so I assume their flight path is north west. In SV, I would have to speak a lot louder or stop when the planes are directly on top of you, while in MM, it’s not nearly as bad. If you’re looking for 2000+ sq-ft houses, NW MM will be on average ~30k more than SW MM for a comparable house. They will be building a new elementary school for SW MM (starting this Summer) if that matters to you. The biggest differences for me when looking at 2000+ sq-ft houses in MM and comparing NW and SW MM is the HOA. Because of HOA, NW MM will look more well maintained while SW MM is a more hit and miss depending on the owner. However, due to the fact that there’s no HOA, you tend to see a lot more big trees.
This house: http://www.sdlookup.com/MLS-110019029-10555_Dabney_Dr_San_Diego_CA_92126 went pending after just a week on the market. Not sure what it’ll close at, but since it’s only on the market for 1 week, my guess is it’ll be closer to the high end of the asking price. Similar property in NW MM would probably sell for low to mid 500k.
ParticipantI think flight noise is a little different between MM and SV. I see planes fly north west a lot, so I assume their flight path is north west. In SV, I would have to speak a lot louder or stop when the planes are directly on top of you, while in MM, it’s not nearly as bad. If you’re looking for 2000+ sq-ft houses, NW MM will be on average ~30k more than SW MM for a comparable house. They will be building a new elementary school for SW MM (starting this Summer) if that matters to you. The biggest differences for me when looking at 2000+ sq-ft houses in MM and comparing NW and SW MM is the HOA. Because of HOA, NW MM will look more well maintained while SW MM is a more hit and miss depending on the owner. However, due to the fact that there’s no HOA, you tend to see a lot more big trees.
This house: http://www.sdlookup.com/MLS-110019029-10555_Dabney_Dr_San_Diego_CA_92126 went pending after just a week on the market. Not sure what it’ll close at, but since it’s only on the market for 1 week, my guess is it’ll be closer to the high end of the asking price. Similar property in NW MM would probably sell for low to mid 500k.
ParticipantI think flight noise is a little different between MM and SV. I see planes fly north west a lot, so I assume their flight path is north west. In SV, I would have to speak a lot louder or stop when the planes are directly on top of you, while in MM, it’s not nearly as bad. If you’re looking for 2000+ sq-ft houses, NW MM will be on average ~30k more than SW MM for a comparable house. They will be building a new elementary school for SW MM (starting this Summer) if that matters to you. The biggest differences for me when looking at 2000+ sq-ft houses in MM and comparing NW and SW MM is the HOA. Because of HOA, NW MM will look more well maintained while SW MM is a more hit and miss depending on the owner. However, due to the fact that there’s no HOA, you tend to see a lot more big trees.
This house: http://www.sdlookup.com/MLS-110019029-10555_Dabney_Dr_San_Diego_CA_92126 went pending after just a week on the market. Not sure what it’ll close at, but since it’s only on the market for 1 week, my guess is it’ll be closer to the high end of the asking price. Similar property in NW MM would probably sell for low to mid 500k.
ParticipantI think flight noise is a little different between MM and SV. I see planes fly north west a lot, so I assume their flight path is north west. In SV, I would have to speak a lot louder or stop when the planes are directly on top of you, while in MM, it’s not nearly as bad. If you’re looking for 2000+ sq-ft houses, NW MM will be on average ~30k more than SW MM for a comparable house. They will be building a new elementary school for SW MM (starting this Summer) if that matters to you. The biggest differences for me when looking at 2000+ sq-ft houses in MM and comparing NW and SW MM is the HOA. Because of HOA, NW MM will look more well maintained while SW MM is a more hit and miss depending on the owner. However, due to the fact that there’s no HOA, you tend to see a lot more big trees.
This house: http://www.sdlookup.com/MLS-110019029-10555_Dabney_Dr_San_Diego_CA_92126 went pending after just a week on the market. Not sure what it’ll close at, but since it’s only on the market for 1 week, my guess is it’ll be closer to the high end of the asking price. Similar property in NW MM would probably sell for low to mid 500k.
ParticipantYes, the jet noise affect MM as well. If you decide to buy in MM, you’ll have to get used to it. They only fly during the day though, so unless you’re at home during the day, you don’t have to worry about it. I don’t think they fly during the weekend either (at least I don’t remember hearing them)>
NW (north of Calle Cristobal) is the most desirable part of MM, but they’re also the most expensive. There are canyon view homes in Southwest MM as well. SW MM is slightly cheaper than that area of NW. They’re also older. Both SW and NW area of MM to SV is between 5-10 minutes depending on lights. There are several side street that can get you out of MM. You can go north to take SV Blvd/Calle Cristobal or go south to Miramar to get out.
There are a lot of Asians in Mira Mesa (could be negative or positive depending on how you look at it). Due to the large Asian population, there are a lot of Asian food choices (6 Pho places, 3 Asian supermarkets, 4 Vietnamese sandwich places, 3 Thai restaurants, etc). Most of MM does not have HOA (that can be positive or negative depending on what you like). Because there’s no HOA, it’s up to the owners to maintain their homes and not all do that. The NW part does have HOA, so it tend to be more manicured. There are more, but the post is getting long, so feel free to ask me anything else you’d like to know.
ParticipantYes, the jet noise affect MM as well. If you decide to buy in MM, you’ll have to get used to it. They only fly during the day though, so unless you’re at home during the day, you don’t have to worry about it. I don’t think they fly during the weekend either (at least I don’t remember hearing them)>
NW (north of Calle Cristobal) is the most desirable part of MM, but they’re also the most expensive. There are canyon view homes in Southwest MM as well. SW MM is slightly cheaper than that area of NW. They’re also older. Both SW and NW area of MM to SV is between 5-10 minutes depending on lights. There are several side street that can get you out of MM. You can go north to take SV Blvd/Calle Cristobal or go south to Miramar to get out.
There are a lot of Asians in Mira Mesa (could be negative or positive depending on how you look at it). Due to the large Asian population, there are a lot of Asian food choices (6 Pho places, 3 Asian supermarkets, 4 Vietnamese sandwich places, 3 Thai restaurants, etc). Most of MM does not have HOA (that can be positive or negative depending on what you like). Because there’s no HOA, it’s up to the owners to maintain their homes and not all do that. The NW part does have HOA, so it tend to be more manicured. There are more, but the post is getting long, so feel free to ask me anything else you’d like to know.
ParticipantYes, the jet noise affect MM as well. If you decide to buy in MM, you’ll have to get used to it. They only fly during the day though, so unless you’re at home during the day, you don’t have to worry about it. I don’t think they fly during the weekend either (at least I don’t remember hearing them)>
NW (north of Calle Cristobal) is the most desirable part of MM, but they’re also the most expensive. There are canyon view homes in Southwest MM as well. SW MM is slightly cheaper than that area of NW. They’re also older. Both SW and NW area of MM to SV is between 5-10 minutes depending on lights. There are several side street that can get you out of MM. You can go north to take SV Blvd/Calle Cristobal or go south to Miramar to get out.
There are a lot of Asians in Mira Mesa (could be negative or positive depending on how you look at it). Due to the large Asian population, there are a lot of Asian food choices (6 Pho places, 3 Asian supermarkets, 4 Vietnamese sandwich places, 3 Thai restaurants, etc). Most of MM does not have HOA (that can be positive or negative depending on what you like). Because there’s no HOA, it’s up to the owners to maintain their homes and not all do that. The NW part does have HOA, so it tend to be more manicured. There are more, but the post is getting long, so feel free to ask me anything else you’d like to know.
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