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jstoesz
ParticipantI mentioned that the link was “outdated but still relevant”
Do you think that san diego, has bucked this trend and is now affordable with regards to the fundamentals or the prices in the rest of the country?
If you click on the following link you will load a spreadsheet showing San Diego in 1st qtr 2010 is ranked 214 of 225 metro areas for affordability.
http://www.nahb.org/fileUpload_details.aspx?contentID=535
So clearly California’s are not getting paid more to cover their higher cost of living.
And if you go back to my first link showing the San Diego zip codes next to median home prices you get a pretty good idea of how out of whack most SD zip codes really are.
http://realestate.aol.com/San_Diego-CA-neighborhood
Is anyone disagreeing with this simple point? That there are no “good deals” in SD (from a fundamental standpoint), There are only comparatively lower priced homes that you could hopefully goad some sucker into paying more for later on…ie speculating!
Oh and I agree, that table does look ridiculous, but I guess for entirely different reasons.
Participantreally…really…not even in the bubble days (which we are still in)…
http://www.sdlookup.com/MLS-100033262-3130_Ivy_St_San_Diego_CA_92104
Check out the abandoned duplex next store
There are countless properties that fall into this category.
But you are arguing a non-essential off handed remark. The random scenario I threw out is not important to my point. What matters is the fact that we live in one of the worst cities in the country for median income to median home price ratio. Which means we live in one of the most speculative cities in the country…
Any objections?
Participantreally…really…not even in the bubble days (which we are still in)…
http://www.sdlookup.com/MLS-100033262-3130_Ivy_St_San_Diego_CA_92104
Check out the abandoned duplex next store
There are countless properties that fall into this category.
But you are arguing a non-essential off handed remark. The random scenario I threw out is not important to my point. What matters is the fact that we live in one of the worst cities in the country for median income to median home price ratio. Which means we live in one of the most speculative cities in the country…
Any objections?
Participantreally…really…not even in the bubble days (which we are still in)…
http://www.sdlookup.com/MLS-100033262-3130_Ivy_St_San_Diego_CA_92104
Check out the abandoned duplex next store
There are countless properties that fall into this category.
But you are arguing a non-essential off handed remark. The random scenario I threw out is not important to my point. What matters is the fact that we live in one of the worst cities in the country for median income to median home price ratio. Which means we live in one of the most speculative cities in the country…
Any objections?
Participantreally…really…not even in the bubble days (which we are still in)…
http://www.sdlookup.com/MLS-100033262-3130_Ivy_St_San_Diego_CA_92104
Check out the abandoned duplex next store
There are countless properties that fall into this category.
But you are arguing a non-essential off handed remark. The random scenario I threw out is not important to my point. What matters is the fact that we live in one of the worst cities in the country for median income to median home price ratio. Which means we live in one of the most speculative cities in the country…
Any objections?
Participantreally…really…not even in the bubble days (which we are still in)…
http://www.sdlookup.com/MLS-100033262-3130_Ivy_St_San_Diego_CA_92104
Check out the abandoned duplex next store
There are countless properties that fall into this category.
But you are arguing a non-essential off handed remark. The random scenario I threw out is not important to my point. What matters is the fact that we live in one of the worst cities in the country for median income to median home price ratio. Which means we live in one of the most speculative cities in the country…
Any objections?
ParticipantI have gone way off topic, and that’s probably not good for a first time poster. I know general forum rules, I just chose to ignore them.
…back to your regularly scheduled program…
ParticipantI have gone way off topic, and that’s probably not good for a first time poster. I know general forum rules, I just chose to ignore them.
…back to your regularly scheduled program…
ParticipantI have gone way off topic, and that’s probably not good for a first time poster. I know general forum rules, I just chose to ignore them.
…back to your regularly scheduled program…
ParticipantI have gone way off topic, and that’s probably not good for a first time poster. I know general forum rules, I just chose to ignore them.
…back to your regularly scheduled program…
ParticipantI have gone way off topic, and that’s probably not good for a first time poster. I know general forum rules, I just chose to ignore them.
…back to your regularly scheduled program…
ParticipantFTR, my main point had nothing to do with interest rates, and to be honest, I don’t really care about them. That was an unnecessary comment which was to encompass all the reasons for low mortgage rates…see fha, and the secondary mortgage market.
I take issue with the idea that a 1000 sq ft house, 10 miles from the ocean and in a bad school district is going to sell for over a half a million dollars. How can this ever be considered a “good deal.”
And yes the east coast is expensive, but far from the expense of SD in most cases. (old data, but still relevant)
http://www.bizjournals.com/specials/pages/160.html
As to your “affordable with the low interest rates” comment, yes that is true and not a problem as long as you never want to sell your home.
ParticipantFTR, my main point had nothing to do with interest rates, and to be honest, I don’t really care about them. That was an unnecessary comment which was to encompass all the reasons for low mortgage rates…see fha, and the secondary mortgage market.
I take issue with the idea that a 1000 sq ft house, 10 miles from the ocean and in a bad school district is going to sell for over a half a million dollars. How can this ever be considered a “good deal.”
And yes the east coast is expensive, but far from the expense of SD in most cases. (old data, but still relevant)
http://www.bizjournals.com/specials/pages/160.html
As to your “affordable with the low interest rates” comment, yes that is true and not a problem as long as you never want to sell your home.
ParticipantFTR, my main point had nothing to do with interest rates, and to be honest, I don’t really care about them. That was an unnecessary comment which was to encompass all the reasons for low mortgage rates…see fha, and the secondary mortgage market.
I take issue with the idea that a 1000 sq ft house, 10 miles from the ocean and in a bad school district is going to sell for over a half a million dollars. How can this ever be considered a “good deal.”
And yes the east coast is expensive, but far from the expense of SD in most cases. (old data, but still relevant)
http://www.bizjournals.com/specials/pages/160.html
As to your “affordable with the low interest rates” comment, yes that is true and not a problem as long as you never want to sell your home.
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