[Balboabride]

Thank you for the valuable information, Lucky in OC!! We will definately do our due diligence…I will post back here with the results!

To the guy that wants to buy in central SD…we have a friend who just had an offer in the 150’s accepted for a condo in 92116 that was listed much higher. I think it depends on the unit, the seller and the bank. Good luck.

[Balboabride]

Thank you for the valuable information, Lucky in OC!! We will definately do our due diligence…I will post back here with the results!

To the guy that wants to buy in central SD…we have a friend who just had an offer in the 150’s accepted for a condo in 92116 that was listed much higher. I think it depends on the unit, the seller and the bank. Good luck.

[Balboabride]

Thank you for the valuable information, Lucky in OC!! We will definately do our due diligence…I will post back here with the results!

To the guy that wants to buy in central SD…we have a friend who just had an offer in the 150’s accepted for a condo in 92116 that was listed much higher. I think it depends on the unit, the seller and the bank. Good luck.

[Balboabride]

Thank you for the valuable information, Lucky in OC!! We will definately do our due diligence…I will post back here with the results!

To the guy that wants to buy in central SD…we have a friend who just had an offer in the 150’s accepted for a condo in 92116 that was listed much higher. I think it depends on the unit, the seller and the bank. Good luck.

[Balboabride]

Thank you for the valuable information, Lucky in OC!! We will definately do our due diligence…I will post back here with the results!

To the guy that wants to buy in central SD…we have a friend who just had an offer in the 150’s accepted for a condo in 92116 that was listed much higher. I think it depends on the unit, the seller and the bank. Good luck.

[Balboabride]

Right. I get that an “investment” to someone like me is different to someone will larger savings, bigger salary, and greater buying capacity.

I was using the term “investment” to mean being able to sell a condo for more than I bought it for in 5-10 years. If it is not possible to do so, please educate me on the subject or point me towards a resource.

The people who we rent from now are doing this– the condo we live in this their “kid’s college fund”. They bought a “lower end unit” (it is actually pretty nice…and so far we have been able to not seriously damage the place…lol!) and lived in it for 5 years before using the equity plus their savings to buy a home.

Is this a bad way to go? Are these days over?

[Balboabride]

Right. I get that an “investment” to someone like me is different to someone will larger savings, bigger salary, and greater buying capacity.

I was using the term “investment” to mean being able to sell a condo for more than I bought it for in 5-10 years. If it is not possible to do so, please educate me on the subject or point me towards a resource.

The people who we rent from now are doing this– the condo we live in this their “kid’s college fund”. They bought a “lower end unit” (it is actually pretty nice…and so far we have been able to not seriously damage the place…lol!) and lived in it for 5 years before using the equity plus their savings to buy a home.

Is this a bad way to go? Are these days over?

[Balboabride]

Right. I get that an “investment” to someone like me is different to someone will larger savings, bigger salary, and greater buying capacity.

I was using the term “investment” to mean being able to sell a condo for more than I bought it for in 5-10 years. If it is not possible to do so, please educate me on the subject or point me towards a resource.

The people who we rent from now are doing this– the condo we live in this their “kid’s college fund”. They bought a “lower end unit” (it is actually pretty nice…and so far we have been able to not seriously damage the place…lol!) and lived in it for 5 years before using the equity plus their savings to buy a home.

Is this a bad way to go? Are these days over?

[Balboabride]

Right. I get that an “investment” to someone like me is different to someone will larger savings, bigger salary, and greater buying capacity.

I was using the term “investment” to mean being able to sell a condo for more than I bought it for in 5-10 years. If it is not possible to do so, please educate me on the subject or point me towards a resource.

The people who we rent from now are doing this– the condo we live in this their “kid’s college fund”. They bought a “lower end unit” (it is actually pretty nice…and so far we have been able to not seriously damage the place…lol!) and lived in it for 5 years before using the equity plus their savings to buy a home.

Is this a bad way to go? Are these days over?

[Balboabride]

Right. I get that an “investment” to someone like me is different to someone will larger savings, bigger salary, and greater buying capacity.

I was using the term “investment” to mean being able to sell a condo for more than I bought it for in 5-10 years. If it is not possible to do so, please educate me on the subject or point me towards a resource.

The people who we rent from now are doing this– the condo we live in this their “kid’s college fund”. They bought a “lower end unit” (it is actually pretty nice…and so far we have been able to not seriously damage the place…lol!) and lived in it for 5 years before using the equity plus their savings to buy a home.

Is this a bad way to go? Are these days over?

[Balboabride]

Thank you so much for all your responses! To answer your questions…yes, we DO have an emergency fund saved up (certainly not 12 months, though! We just paid for our wedding and that ate a lot. LOL!) and we do not want children.

We will definately check your suggested neighborhoods…although I fear some of your suggestions are way out of our price range(We want to top put at 220k so that we can still continue to save aggressively) Is there anywhere North or East of Central San Diego that is in the low-end range but a good investment?

In regards to the condo vs. house question…children are not in our future and we work and travel a lot. My husband does numbers for a living…so he is not what you would call “handy”.

That said, do you still think that waiting to buy a house is the right thing to do? I worry that a house is too much work and…just too much space for a young couple and their dog….

I am interested your opinions, because we are getting this advice (wait and buy a house) from a few people—but I still think if we could get into a “easy to care for” condo at a low short sale price right now– we’d enjoy a great tax benefit that would be “easier” on us as a couple than “stretching” our budget to get into a house.

Is the advice about buying a home because condos are hard to resell and therefore a bad investment or is it because owning a house is, in your opinion, an “ideal”?

Thank you so much for your input…we are truly open to ideas and wish to make a sound investment for our future together.

[Balboabride]

Thank you so much for all your responses! To answer your questions…yes, we DO have an emergency fund saved up (certainly not 12 months, though! We just paid for our wedding and that ate a lot. LOL!) and we do not want children.

We will definately check your suggested neighborhoods…although I fear some of your suggestions are way out of our price range(We want to top put at 220k so that we can still continue to save aggressively) Is there anywhere North or East of Central San Diego that is in the low-end range but a good investment?

In regards to the condo vs. house question…children are not in our future and we work and travel a lot. My husband does numbers for a living…so he is not what you would call “handy”.

That said, do you still think that waiting to buy a house is the right thing to do? I worry that a house is too much work and…just too much space for a young couple and their dog….

I am interested your opinions, because we are getting this advice (wait and buy a house) from a few people—but I still think if we could get into a “easy to care for” condo at a low short sale price right now– we’d enjoy a great tax benefit that would be “easier” on us as a couple than “stretching” our budget to get into a house.

Is the advice about buying a home because condos are hard to resell and therefore a bad investment or is it because owning a house is, in your opinion, an “ideal”?

Thank you so much for your input…we are truly open to ideas and wish to make a sound investment for our future together.

[Balboabride]

Thank you so much for all your responses! To answer your questions…yes, we DO have an emergency fund saved up (certainly not 12 months, though! We just paid for our wedding and that ate a lot. LOL!) and we do not want children.

We will definately check your suggested neighborhoods…although I fear some of your suggestions are way out of our price range(We want to top put at 220k so that we can still continue to save aggressively) Is there anywhere North or East of Central San Diego that is in the low-end range but a good investment?

In regards to the condo vs. house question…children are not in our future and we work and travel a lot. My husband does numbers for a living…so he is not what you would call “handy”.

That said, do you still think that waiting to buy a house is the right thing to do? I worry that a house is too much work and…just too much space for a young couple and their dog….

I am interested your opinions, because we are getting this advice (wait and buy a house) from a few people—but I still think if we could get into a “easy to care for” condo at a low short sale price right now– we’d enjoy a great tax benefit that would be “easier” on us as a couple than “stretching” our budget to get into a house.

Is the advice about buying a home because condos are hard to resell and therefore a bad investment or is it because owning a house is, in your opinion, an “ideal”?

Thank you so much for your input…we are truly open to ideas and wish to make a sound investment for our future together.

[Balboabride]

Thank you so much for all your responses! To answer your questions…yes, we DO have an emergency fund saved up (certainly not 12 months, though! We just paid for our wedding and that ate a lot. LOL!) and we do not want children.

We will definately check your suggested neighborhoods…although I fear some of your suggestions are way out of our price range(We want to top put at 220k so that we can still continue to save aggressively) Is there anywhere North or East of Central San Diego that is in the low-end range but a good investment?

In regards to the condo vs. house question…children are not in our future and we work and travel a lot. My husband does numbers for a living…so he is not what you would call “handy”.

That said, do you still think that waiting to buy a house is the right thing to do? I worry that a house is too much work and…just too much space for a young couple and their dog….

I am interested your opinions, because we are getting this advice (wait and buy a house) from a few people—but I still think if we could get into a “easy to care for” condo at a low short sale price right now– we’d enjoy a great tax benefit that would be “easier” on us as a couple than “stretching” our budget to get into a house.

Is the advice about buying a home because condos are hard to resell and therefore a bad investment or is it because owning a house is, in your opinion, an “ideal”?

Thank you so much for your input…we are truly open to ideas and wish to make a sound investment for our future together.

[Balboabride]

Thank you so much for all your responses! To answer your questions…yes, we DO have an emergency fund saved up (certainly not 12 months, though! We just paid for our wedding and that ate a lot. LOL!) and we do not want children.

We will definately check your suggested neighborhoods…although I fear some of your suggestions are way out of our price range(We want to top put at 220k so that we can still continue to save aggressively) Is there anywhere North or East of Central San Diego that is in the low-end range but a good investment?

In regards to the condo vs. house question…children are not in our future and we work and travel a lot. My husband does numbers for a living…so he is not what you would call “handy”.

That said, do you still think that waiting to buy a house is the right thing to do? I worry that a house is too much work and…just too much space for a young couple and their dog….

I am interested your opinions, because we are getting this advice (wait and buy a house) from a few people—but I still think if we could get into a “easy to care for” condo at a low short sale price right now– we’d enjoy a great tax benefit that would be “easier” on us as a couple than “stretching” our budget to get into a house.

Is the advice about buying a home because condos are hard to resell and therefore a bad investment or is it because owning a house is, in your opinion, an “ideal”?

Thank you so much for your input…we are truly open to ideas and wish to make a sound investment for our future together.

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