[lepetitangel]

I have to agree with tmb.
So far the SFHs we’ve seen in the 600~650K range are not that big (~1700-sqft) and once you want something over 1900-sqft the price jumps to 700Ks. The cheaper one are usually the older construction with the older style of floorplan.

We like open floor plan with kitchen very open to the living/dining area (we don’t care for having formal dining/living rooms) and seriously you just don’t get that when you buy a older small SFHs in CV. But again you do get a small patio/yard (very small).

I’m glad that CVmom likes what they found. Howeverm our condo/townhome in 4S ranch is currently 1450-sqft and we have no plan to buy something smaller than 1800-sqft.

Hopefully we find something though!

[lepetitangel]

I have to agree with tmb.
So far the SFHs we’ve seen in the 600~650K range are not that big (~1700-sqft) and once you want something over 1900-sqft the price jumps to 700Ks. The cheaper one are usually the older construction with the older style of floorplan.

We like open floor plan with kitchen very open to the living/dining area (we don’t care for having formal dining/living rooms) and seriously you just don’t get that when you buy a older small SFHs in CV. But again you do get a small patio/yard (very small).

I’m glad that CVmom likes what they found. Howeverm our condo/townhome in 4S ranch is currently 1450-sqft and we have no plan to buy something smaller than 1800-sqft.

Hopefully we find something though!

[lepetitangel]

I have to agree with tmb.
So far the SFHs we’ve seen in the 600~650K range are not that big (~1700-sqft) and once you want something over 1900-sqft the price jumps to 700Ks. The cheaper one are usually the older construction with the older style of floorplan.

We like open floor plan with kitchen very open to the living/dining area (we don’t care for having formal dining/living rooms) and seriously you just don’t get that when you buy a older small SFHs in CV. But again you do get a small patio/yard (very small).

I’m glad that CVmom likes what they found. Howeverm our condo/townhome in 4S ranch is currently 1450-sqft and we have no plan to buy something smaller than 1800-sqft.

Hopefully we find something though!

[lepetitangel]

I have to agree with tmb.
So far the SFHs we’ve seen in the 600~650K range are not that big (~1700-sqft) and once you want something over 1900-sqft the price jumps to 700Ks. The cheaper one are usually the older construction with the older style of floorplan.

We like open floor plan with kitchen very open to the living/dining area (we don’t care for having formal dining/living rooms) and seriously you just don’t get that when you buy a older small SFHs in CV. But again you do get a small patio/yard (very small).

I’m glad that CVmom likes what they found. Howeverm our condo/townhome in 4S ranch is currently 1450-sqft and we have no plan to buy something smaller than 1800-sqft.

Hopefully we find something though!

[lepetitangel]

I have to agree with tmb.
So far the SFHs we’ve seen in the 600~650K range are not that big (~1700-sqft) and once you want something over 1900-sqft the price jumps to 700Ks. The cheaper one are usually the older construction with the older style of floorplan.

We like open floor plan with kitchen very open to the living/dining area (we don’t care for having formal dining/living rooms) and seriously you just don’t get that when you buy a older small SFHs in CV. But again you do get a small patio/yard (very small).

I’m glad that CVmom likes what they found. Howeverm our condo/townhome in 4S ranch is currently 1450-sqft and we have no plan to buy something smaller than 1800-sqft.

Hopefully we find something though!

[lepetitangel]

Hi Cabal,

Thanks for your analysis. Really appreciate it.

Yah the townhouse we purchased in 2007 was not a good investment. We have and do live happily in our 2-bedroom/2.5-bath townhouse/condo. We’re not under water as my husband saved up quite a bit the first 5 years when he started working (he was single and barely did anything fun :P) We’re not under water. But we’ve been thinking if we should refinanced as we had a 5.5% 30-year fixed rate. We can potentially get 4.62% rate now. If we refi for another 30-year, we can get the monthly payment down another few hundred bucks.

Regarding renting this property out, I want to know what people think/know in terms of renting 2bed-2bath places out in 4S ranch. At some point we did post an ad on craiglist and I got 4 inquiries within 2-hrs cuz a lot of people who have small kids seem to be interested in the area as poway school is still considerably a good one. I think maybe a lot of the family who lost their homes during foreclosure or short-sale can no longer afford to live in their 500k~700K house and now need to rent a smaller space. Do you know if people are having trouble renting out places in 4S? We were thinking about renting for like $1800/month.

As for the new property we want to buy, we actually saved up quite a bit and will not get a huge loan. But again we cannot afford a real SFH cuz all SFHs in CV are like at least 650+. I know I want to buy in good location and that’s why I choose CV. But with CV pricing, I cannot afford a real SFH but rather just a large townhome (2000-sqft).

Anyways…want people’s thought on the situation. We’ll def. make sure we can pay both mortgages even if we cannot rent the place out right away.

Also you’re right about the baby thing…gonna need grand parents’ help for the first year for sure.

[lepetitangel]

Hi Cabal,

Thanks for your analysis. Really appreciate it.

Yah the townhouse we purchased in 2007 was not a good investment. We have and do live happily in our 2-bedroom/2.5-bath townhouse/condo. We’re not under water as my husband saved up quite a bit the first 5 years when he started working (he was single and barely did anything fun :P) We’re not under water. But we’ve been thinking if we should refinanced as we had a 5.5% 30-year fixed rate. We can potentially get 4.62% rate now. If we refi for another 30-year, we can get the monthly payment down another few hundred bucks.

Regarding renting this property out, I want to know what people think/know in terms of renting 2bed-2bath places out in 4S ranch. At some point we did post an ad on craiglist and I got 4 inquiries within 2-hrs cuz a lot of people who have small kids seem to be interested in the area as poway school is still considerably a good one. I think maybe a lot of the family who lost their homes during foreclosure or short-sale can no longer afford to live in their 500k~700K house and now need to rent a smaller space. Do you know if people are having trouble renting out places in 4S? We were thinking about renting for like $1800/month.

As for the new property we want to buy, we actually saved up quite a bit and will not get a huge loan. But again we cannot afford a real SFH cuz all SFHs in CV are like at least 650+. I know I want to buy in good location and that’s why I choose CV. But with CV pricing, I cannot afford a real SFH but rather just a large townhome (2000-sqft).

Anyways…want people’s thought on the situation. We’ll def. make sure we can pay both mortgages even if we cannot rent the place out right away.

Also you’re right about the baby thing…gonna need grand parents’ help for the first year for sure.

[lepetitangel]

Hi Cabal,

Thanks for your analysis. Really appreciate it.

Yah the townhouse we purchased in 2007 was not a good investment. We have and do live happily in our 2-bedroom/2.5-bath townhouse/condo. We’re not under water as my husband saved up quite a bit the first 5 years when he started working (he was single and barely did anything fun :P) We’re not under water. But we’ve been thinking if we should refinanced as we had a 5.5% 30-year fixed rate. We can potentially get 4.62% rate now. If we refi for another 30-year, we can get the monthly payment down another few hundred bucks.

Regarding renting this property out, I want to know what people think/know in terms of renting 2bed-2bath places out in 4S ranch. At some point we did post an ad on craiglist and I got 4 inquiries within 2-hrs cuz a lot of people who have small kids seem to be interested in the area as poway school is still considerably a good one. I think maybe a lot of the family who lost their homes during foreclosure or short-sale can no longer afford to live in their 500k~700K house and now need to rent a smaller space. Do you know if people are having trouble renting out places in 4S? We were thinking about renting for like $1800/month.

As for the new property we want to buy, we actually saved up quite a bit and will not get a huge loan. But again we cannot afford a real SFH cuz all SFHs in CV are like at least 650+. I know I want to buy in good location and that’s why I choose CV. But with CV pricing, I cannot afford a real SFH but rather just a large townhome (2000-sqft).

Anyways…want people’s thought on the situation. We’ll def. make sure we can pay both mortgages even if we cannot rent the place out right away.

Also you’re right about the baby thing…gonna need grand parents’ help for the first year for sure.

[lepetitangel]

Hi Cabal,

Thanks for your analysis. Really appreciate it.

Yah the townhouse we purchased in 2007 was not a good investment. We have and do live happily in our 2-bedroom/2.5-bath townhouse/condo. We’re not under water as my husband saved up quite a bit the first 5 years when he started working (he was single and barely did anything fun :P) We’re not under water. But we’ve been thinking if we should refinanced as we had a 5.5% 30-year fixed rate. We can potentially get 4.62% rate now. If we refi for another 30-year, we can get the monthly payment down another few hundred bucks.

Regarding renting this property out, I want to know what people think/know in terms of renting 2bed-2bath places out in 4S ranch. At some point we did post an ad on craiglist and I got 4 inquiries within 2-hrs cuz a lot of people who have small kids seem to be interested in the area as poway school is still considerably a good one. I think maybe a lot of the family who lost their homes during foreclosure or short-sale can no longer afford to live in their 500k~700K house and now need to rent a smaller space. Do you know if people are having trouble renting out places in 4S? We were thinking about renting for like $1800/month.

As for the new property we want to buy, we actually saved up quite a bit and will not get a huge loan. But again we cannot afford a real SFH cuz all SFHs in CV are like at least 650+. I know I want to buy in good location and that’s why I choose CV. But with CV pricing, I cannot afford a real SFH but rather just a large townhome (2000-sqft).

Anyways…want people’s thought on the situation. We’ll def. make sure we can pay both mortgages even if we cannot rent the place out right away.

Also you’re right about the baby thing…gonna need grand parents’ help for the first year for sure.

[lepetitangel]

Hi Cabal,

Thanks for your analysis. Really appreciate it.

Yah the townhouse we purchased in 2007 was not a good investment. We have and do live happily in our 2-bedroom/2.5-bath townhouse/condo. We’re not under water as my husband saved up quite a bit the first 5 years when he started working (he was single and barely did anything fun :P) We’re not under water. But we’ve been thinking if we should refinanced as we had a 5.5% 30-year fixed rate. We can potentially get 4.62% rate now. If we refi for another 30-year, we can get the monthly payment down another few hundred bucks.

Regarding renting this property out, I want to know what people think/know in terms of renting 2bed-2bath places out in 4S ranch. At some point we did post an ad on craiglist and I got 4 inquiries within 2-hrs cuz a lot of people who have small kids seem to be interested in the area as poway school is still considerably a good one. I think maybe a lot of the family who lost their homes during foreclosure or short-sale can no longer afford to live in their 500k~700K house and now need to rent a smaller space. Do you know if people are having trouble renting out places in 4S? We were thinking about renting for like $1800/month.

As for the new property we want to buy, we actually saved up quite a bit and will not get a huge loan. But again we cannot afford a real SFH cuz all SFHs in CV are like at least 650+. I know I want to buy in good location and that’s why I choose CV. But with CV pricing, I cannot afford a real SFH but rather just a large townhome (2000-sqft).

Anyways…want people’s thought on the situation. We’ll def. make sure we can pay both mortgages even if we cannot rent the place out right away.

Also you’re right about the baby thing…gonna need grand parents’ help for the first year for sure.

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

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