[(former)FormerSanDiegan]

Independent of interest rates, Point Loma, being on the high end may still be defying gravity a little. I have not been tracking there as carefully as places like Clairemont/Bay Park because I suspect the bottom hits these communities well before Point Loma. But, the other dynamic is that except for Liberty Station, many parts of Point Loma have become more of an old-money long-time resident area, especially Sunset Cliffs.

I think CA Renter has the right approach wrt how oleveraged you will be. The more leverage (lower down payment) the sooner you should buy.

But, interest rates spike if you go into Jumbo Jumbo land (above Jumbo-conforming).

If you can comfortably afford to live there at these prices and interest rates … ?

Tough call, but the penalty for waiting another year or so is not likely to be severe.

[(former)FormerSanDiegan]

Independent of interest rates, Point Loma, being on the high end may still be defying gravity a little. I have not been tracking there as carefully as places like Clairemont/Bay Park because I suspect the bottom hits these communities well before Point Loma. But, the other dynamic is that except for Liberty Station, many parts of Point Loma have become more of an old-money long-time resident area, especially Sunset Cliffs.

I think CA Renter has the right approach wrt how oleveraged you will be. The more leverage (lower down payment) the sooner you should buy.

But, interest rates spike if you go into Jumbo Jumbo land (above Jumbo-conforming).

If you can comfortably afford to live there at these prices and interest rates … ?

Tough call, but the penalty for waiting another year or so is not likely to be severe.

[(former)FormerSanDiegan]

AN – good point. Flat in the Spring is not exactly the most bullish signal.

Since about 2/3 of sales in the SoCal area are LA, OC, and Riverside County, these numbers are probably driven more by those markets.

In fact this report shows San Diego up 5 K month-to-month.

Regardless, the fluctuation in month-to-month median prices of a couple percent is probably below the noise level of the measurement. Up or down 5 K should be considered essentially flat.

Headline news that SoCAL is down in April or headline news that San Diego was up in April or both sensational.

[(former)FormerSanDiegan]

AN – good point. Flat in the Spring is not exactly the most bullish signal.

Since about 2/3 of sales in the SoCal area are LA, OC, and Riverside County, these numbers are probably driven more by those markets.

In fact this report shows San Diego up 5 K month-to-month.

Regardless, the fluctuation in month-to-month median prices of a couple percent is probably below the noise level of the measurement. Up or down 5 K should be considered essentially flat.

Headline news that SoCAL is down in April or headline news that San Diego was up in April or both sensational.

[(former)FormerSanDiegan]

AN – good point. Flat in the Spring is not exactly the most bullish signal.

Since about 2/3 of sales in the SoCal area are LA, OC, and Riverside County, these numbers are probably driven more by those markets.

In fact this report shows San Diego up 5 K month-to-month.

Regardless, the fluctuation in month-to-month median prices of a couple percent is probably below the noise level of the measurement. Up or down 5 K should be considered essentially flat.

Headline news that SoCAL is down in April or headline news that San Diego was up in April or both sensational.

[(former)FormerSanDiegan]

AN – good point. Flat in the Spring is not exactly the most bullish signal.

Since about 2/3 of sales in the SoCal area are LA, OC, and Riverside County, these numbers are probably driven more by those markets.

In fact this report shows San Diego up 5 K month-to-month.

Regardless, the fluctuation in month-to-month median prices of a couple percent is probably below the noise level of the measurement. Up or down 5 K should be considered essentially flat.

Headline news that SoCAL is down in April or headline news that San Diego was up in April or both sensational.

[(former)FormerSanDiegan]

AN – good point. Flat in the Spring is not exactly the most bullish signal.

Since about 2/3 of sales in the SoCal area are LA, OC, and Riverside County, these numbers are probably driven more by those markets.

In fact this report shows San Diego up 5 K month-to-month.

Regardless, the fluctuation in month-to-month median prices of a couple percent is probably below the noise level of the measurement. Up or down 5 K should be considered essentially flat.

Headline news that SoCAL is down in April or headline news that San Diego was up in April or both sensational.

[(former)FormerSanDiegan]

[quote=CA renter]

Anyway, we are still waiting for low prices and **high** interest rates and **no** subsidies before we buy. It might be a long, long, long time…
[/quote]

The interest rate tax deduction subsidy has been in place nearly 100 years, so you might want to change your criterion to “minimum subsidies”

[(former)FormerSanDiegan]

[quote=CA renter]

Anyway, we are still waiting for low prices and **high** interest rates and **no** subsidies before we buy. It might be a long, long, long time…
[/quote]

The interest rate tax deduction subsidy has been in place nearly 100 years, so you might want to change your criterion to “minimum subsidies”

[(former)FormerSanDiegan]

[quote=CA renter]

Anyway, we are still waiting for low prices and **high** interest rates and **no** subsidies before we buy. It might be a long, long, long time…
[/quote]

The interest rate tax deduction subsidy has been in place nearly 100 years, so you might want to change your criterion to “minimum subsidies”

[(former)FormerSanDiegan]

[quote=CA renter]

Anyway, we are still waiting for low prices and **high** interest rates and **no** subsidies before we buy. It might be a long, long, long time…
[/quote]

The interest rate tax deduction subsidy has been in place nearly 100 years, so you might want to change your criterion to “minimum subsidies”

[(former)FormerSanDiegan]

[quote=CA renter]

Anyway, we are still waiting for low prices and **high** interest rates and **no** subsidies before we buy. It might be a long, long, long time…
[/quote]

The interest rate tax deduction subsidy has been in place nearly 100 years, so you might want to change your criterion to “minimum subsidies”

[(former)FormerSanDiegan]

nostra – please tell us where you can go to replace the washer, dryer, fridge, dishwasher, oven and microwave for ~ $500.

But I get your point. For about $500 per year, you could easily replace these things based on their life cycle (5 years for a D/W and microwave, 15 years for a range, 8-10 years for everything else).

For first-timers in a new place, unless the appliances are fairly new, it’s probably worth taking the warranty since every appliance could be on its last leg.

[(former)FormerSanDiegan]

nostra – please tell us where you can go to replace the washer, dryer, fridge, dishwasher, oven and microwave for ~ $500.

But I get your point. For about $500 per year, you could easily replace these things based on their life cycle (5 years for a D/W and microwave, 15 years for a range, 8-10 years for everything else).

For first-timers in a new place, unless the appliances are fairly new, it’s probably worth taking the warranty since every appliance could be on its last leg.

[(former)FormerSanDiegan]

nostra – please tell us where you can go to replace the washer, dryer, fridge, dishwasher, oven and microwave for ~ $500.

But I get your point. For about $500 per year, you could easily replace these things based on their life cycle (5 years for a D/W and microwave, 15 years for a range, 8-10 years for everything else).

For first-timers in a new place, unless the appliances are fairly new, it’s probably worth taking the warranty since every appliance could be on its last leg.

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