[mixxalot]

Fed highly likely to raise interest rates soon in June which if mortgage rates skyrocket will put a dent in real estate prices hopefully.

[mixxalot]

True and same holds water in real estate. If the market turns cold you can lose that 20% down payment quickly as we saw in the last real estate downturn.

Research is your friend. I read morningstar and the different investment rags. I dislike 401k because they limit fund choices.

[mixxalot]

Or pay 1500/month rent and invest 1500-3k in high growth stocks

[mixxalot]

Yes, paying 3-4k a month to rent is stupid if one can buy for that. I pay half that in rent and live close to the beach. For me, to buy a 1 bedroom condo costs twice as much with down payment, taxes and fees. A larger home costs even more.

[mixxalot]

My point being financially it’s cheaper to rent.

[mixxalot]

The real estate prices do not pencil out to average incomes. It is foreign buyers, low inventory and institutional wall street firms jacking up prices.

[mixxalot]

Yeah I am paying now what I was paying 10 years ago in Loma Portal. Actually the place now I am at has a new remodeled kitchen, new carpet, wood floors. I am on the fence whether or not to buy. Yes, I’d like more room and a garage but I’d also have to spend twice as much cash for a place to live over time. So its a risk. What if I ever have to move for a job?

It is funny how coastal San Diego rents are half as much as buying same size place. Never can understand that.

[mixxalot]

True but you still need to put 10-20% down cash and cost more over time than renting.

[mixxalot]

Unless I lived in Santee or El Cajon, I would not spend the cash on solar.

[mixxalot]

I quit going to concerts when tix became over 30 a pop. Fortunately I was able to see great bands like Duran Duran, Ozzy, Metallica and so forth years ago when it was less expensive. Now I’d rather just watch old concerts for free on my HDTV.

Crowded, overpriced, rude people and too low with no good seats makes concerts now so not worth going too.

[mixxalot]

I like sandicor.com they have MLS and listing agent direct info. Bypass the parasite!

[mixxalot]

I had a lender pre approve me. My credit union pre qual so need to get their in house UW to pre approve at lower rate. I’d rather buy at 3.25 versus 4%

[mixxalot]

Thanks thats the game plan. I had a lender pre approve me at 3.8% but my credit union offers 3.25% so will get the better lock in rate with 20% down. I drove through Serra Mesa today and love the central location to everything. I do like Carlsbad as well but its so FAR from central and downtown San Diego. Traffic to/from Santee/La Mesa is HORRIBLE so that area is no go.

[mixxalot]

Thanks good idea. I think with my own research and negotiation skills and a RE attorney can handle buying process myself without a parasite. Convincing the listing seller agent to be there for the inspections is the only real challenge without giving them more percentage of the purchase commission.

[mixxalot]

Correct on sdlookup. I will find a parasite to get me access to listing book.

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