[creechrr]

After much consideration, my wife and I started seriously looking for a place in December.

We’ve spent much time running numbers, I created a calculator in Excel to help with the decision making process. It’s been several years and the calculator still says no but, we figured there had to be something that we just weren’t seeing.

We got our loan approval and seriously started to look. So far, what a waste of time.

1) There are only a handful of places that we can even begin to hope to afford on the market.

2) The places that we have come across all have multiple offers. We’re talking day one of listing.

3) There is a bubblie feeling in the air just as there was a few years ago. We don’t want to get caught up in a bidding war for a place that we can’t really afford.

So, I think we have given up once again. We have come to the conclusion that we must be doing IT wrong. We just don’t know what IT is.

I’d like to point out that our search hasn’t been confined the desirable areas. We don’t focus on Carmel Valley, PQ, RB or Scripps.

We’ve considered parts of Chula Vista, Kearny Mesa, and even Santee. We’ve even looked at Escondido and Vista but, then both commutes become rediculous (quality of life).

So, we’ll probably be looking at apartments once again. Even there it seems as though rents have started to creep up vs. what we were seeing October/November of last year.

Oh, my point of all this being that inventory seems to be severely constrained within the county.

[creechrr]

After much consideration, my wife and I started seriously looking for a place in December.

We’ve spent much time running numbers, I created a calculator in Excel to help with the decision making process. It’s been several years and the calculator still says no but, we figured there had to be something that we just weren’t seeing.

We got our loan approval and seriously started to look. So far, what a waste of time.

1) There are only a handful of places that we can even begin to hope to afford on the market.

2) The places that we have come across all have multiple offers. We’re talking day one of listing.

3) There is a bubblie feeling in the air just as there was a few years ago. We don’t want to get caught up in a bidding war for a place that we can’t really afford.

So, I think we have given up once again. We have come to the conclusion that we must be doing IT wrong. We just don’t know what IT is.

I’d like to point out that our search hasn’t been confined the desirable areas. We don’t focus on Carmel Valley, PQ, RB or Scripps.

We’ve considered parts of Chula Vista, Kearny Mesa, and even Santee. We’ve even looked at Escondido and Vista but, then both commutes become rediculous (quality of life).

So, we’ll probably be looking at apartments once again. Even there it seems as though rents have started to creep up vs. what we were seeing October/November of last year.

Oh, my point of all this being that inventory seems to be severely constrained within the county.

[creechrr]

[quote=Nor-LA-SD-guy]
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??

But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.[/quote]

You have no idea how much I miss running around in just my boxers whenever I felt.

I also sold my project car to help make the arrangement work. I really miss my car and the associated mild hooliganism.

[creechrr]

[quote=Nor-LA-SD-guy]
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??

But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.[/quote]

You have no idea how much I miss running around in just my boxers whenever I felt.

I also sold my project car to help make the arrangement work. I really miss my car and the associated mild hooliganism.

[creechrr]

[quote=Nor-LA-SD-guy]
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??

But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.[/quote]

You have no idea how much I miss running around in just my boxers whenever I felt.

I also sold my project car to help make the arrangement work. I really miss my car and the associated mild hooliganism.

[creechrr]

[quote=Nor-LA-SD-guy]
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??

But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.[/quote]

You have no idea how much I miss running around in just my boxers whenever I felt.

I also sold my project car to help make the arrangement work. I really miss my car and the associated mild hooliganism.

[creechrr]

[quote=Nor-LA-SD-guy]
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??

But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.[/quote]

You have no idea how much I miss running around in just my boxers whenever I felt.

I also sold my project car to help make the arrangement work. I really miss my car and the associated mild hooliganism.

[creechrr]

Do mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.

Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.

These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.

At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.

Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.

[creechrr]

Do mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.

Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.

These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.

At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.

Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.

[creechrr]

Do mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.

Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.

These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.

At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.

Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.

[creechrr]

Do mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.

Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.

These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.

At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.

Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.

[creechrr]

Do mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.

Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.

These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.

At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.

Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.

[creechrr]

[quote=Nor-LA-SD-guy]Three / Two generations in a house ??

I don’t know.

sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]

That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.

I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.

I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.

I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.

[creechrr]

[quote=Nor-LA-SD-guy]Three / Two generations in a house ??

I don’t know.

sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]

That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.

I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.

I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.

I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.

[creechrr]

[quote=Nor-LA-SD-guy]Three / Two generations in a house ??

I don’t know.

sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]

That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.

I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.

I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.

I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.

[Author]

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