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ocrenter
Participant2519 Levante in Carlsbad is 4110 sqft and just closed for $800,000. Assuming 20% down of $160k, the mortgage on the $640k at the current 4.5% would be $3200/month.
Back in 2000, its neighbor on 2343 Levante at 4400 sqft sold for $495,000. assuming 20% down, the mortgage would have been $396,000 at 8%, or $2900/month.
Now what about the opportunity cost of the respective down payments? Currently, the CD Index rate is 0.28%, by dropping $160k as the downpayment, the buyer is forgoing $448 in lost interest rate.
In 2000, the CD Index rate was 5.5%, so by dropping that $99k for the downpayment, the buyer was giving up $450 in interest payment per month.
essentially, the cost of buying now and back in 2000 are the same. and this is not even adjusting for inflation.
Participant[quote=deadzone]sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.
Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.[/quote]
dz, I know the comment is meant for sdr. but I’ll just say that I moved to SD 4 years ago and while we do not pick and chose our friends based on whether they are from SD or elsewhere, I would say from my personal experience both counting friends and colleagues at work as well as neighbors, overwhelmingly 90% are all new to SD within the last 15 years. we all ended up settling in premium locations in North County. and I would consider the companies we keep to be predominately in the upper tier of the socioeconomic scale.
as an ex-OCer, let’s just say first impression of SD is VALUE when it comes to real estate. Back in OC we never dreamed we would be able to afford the type of home we are in, but in SD, it is for the picking, and that goes with most of our neighbors and friends as well.
just another prospective, that’s all.
Participant[quote=deadzone]sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.
Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.[/quote]
dz, I know the comment is meant for sdr. but I’ll just say that I moved to SD 4 years ago and while we do not pick and chose our friends based on whether they are from SD or elsewhere, I would say from my personal experience both counting friends and colleagues at work as well as neighbors, overwhelmingly 90% are all new to SD within the last 15 years. we all ended up settling in premium locations in North County. and I would consider the companies we keep to be predominately in the upper tier of the socioeconomic scale.
as an ex-OCer, let’s just say first impression of SD is VALUE when it comes to real estate. Back in OC we never dreamed we would be able to afford the type of home we are in, but in SD, it is for the picking, and that goes with most of our neighbors and friends as well.
just another prospective, that’s all.
Participant[quote=deadzone]sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.
Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.[/quote]
dz, I know the comment is meant for sdr. but I’ll just say that I moved to SD 4 years ago and while we do not pick and chose our friends based on whether they are from SD or elsewhere, I would say from my personal experience both counting friends and colleagues at work as well as neighbors, overwhelmingly 90% are all new to SD within the last 15 years. we all ended up settling in premium locations in North County. and I would consider the companies we keep to be predominately in the upper tier of the socioeconomic scale.
as an ex-OCer, let’s just say first impression of SD is VALUE when it comes to real estate. Back in OC we never dreamed we would be able to afford the type of home we are in, but in SD, it is for the picking, and that goes with most of our neighbors and friends as well.
just another prospective, that’s all.
Participant[quote=deadzone]sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.
Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.[/quote]
dz, I know the comment is meant for sdr. but I’ll just say that I moved to SD 4 years ago and while we do not pick and chose our friends based on whether they are from SD or elsewhere, I would say from my personal experience both counting friends and colleagues at work as well as neighbors, overwhelmingly 90% are all new to SD within the last 15 years. we all ended up settling in premium locations in North County. and I would consider the companies we keep to be predominately in the upper tier of the socioeconomic scale.
as an ex-OCer, let’s just say first impression of SD is VALUE when it comes to real estate. Back in OC we never dreamed we would be able to afford the type of home we are in, but in SD, it is for the picking, and that goes with most of our neighbors and friends as well.
just another prospective, that’s all.
Participant[quote=deadzone]sdr, what evidence do you have that there are more high net worth individuals in SD than 15 years ago? All of your examples are anecdotal. In fact, every example you give could have easily applied to the 1970s, 80s, etc.
Coastal SD got hammered in the 1990s, everyone who believes it can’t happen again have their heads in the sand.[/quote]
dz, I know the comment is meant for sdr. but I’ll just say that I moved to SD 4 years ago and while we do not pick and chose our friends based on whether they are from SD or elsewhere, I would say from my personal experience both counting friends and colleagues at work as well as neighbors, overwhelmingly 90% are all new to SD within the last 15 years. we all ended up settling in premium locations in North County. and I would consider the companies we keep to be predominately in the upper tier of the socioeconomic scale.
as an ex-OCer, let’s just say first impression of SD is VALUE when it comes to real estate. Back in OC we never dreamed we would be able to afford the type of home we are in, but in SD, it is for the picking, and that goes with most of our neighbors and friends as well.
just another prospective, that’s all.
Participant[quote=UCGal][quote=SD Realtor]
Unfortunately there is not a bottomless pit of newer homes in desireable areas of San Diego either.
[/quote]They’re not making land anymore. …/snark
Sorry – your comment screamed for that line.[/quote]
Let’s change that slogan to:
They are not making anymore land in good school districts and within decent commuting distance to jobs.
Participant[quote=UCGal][quote=SD Realtor]
Unfortunately there is not a bottomless pit of newer homes in desireable areas of San Diego either.
[/quote]They’re not making land anymore. …/snark
Sorry – your comment screamed for that line.[/quote]
Let’s change that slogan to:
They are not making anymore land in good school districts and within decent commuting distance to jobs.
Participant[quote=UCGal][quote=SD Realtor]
Unfortunately there is not a bottomless pit of newer homes in desireable areas of San Diego either.
[/quote]They’re not making land anymore. …/snark
Sorry – your comment screamed for that line.[/quote]
Let’s change that slogan to:
They are not making anymore land in good school districts and within decent commuting distance to jobs.
Participant[quote=UCGal][quote=SD Realtor]
Unfortunately there is not a bottomless pit of newer homes in desireable areas of San Diego either.
[/quote]They’re not making land anymore. …/snark
Sorry – your comment screamed for that line.[/quote]
Let’s change that slogan to:
They are not making anymore land in good school districts and within decent commuting distance to jobs.
Participant[quote=UCGal][quote=SD Realtor]
Unfortunately there is not a bottomless pit of newer homes in desireable areas of San Diego either.
[/quote]They’re not making land anymore. …/snark
Sorry – your comment screamed for that line.[/quote]
Let’s change that slogan to:
They are not making anymore land in good school districts and within decent commuting distance to jobs.
Participant[quote=paramount]
Commuting for most is the fly in the ointment when it comes to Temecula. For me it’s 45 miles down and 45 miles back…day in, day out, day in, day out, n!
Believe me, it gets old.[/quote]
it doesn’t just get old, it becomes extremely unhealthy.
just look at it this way, you are looking at essentially 2 hours everyday gone. And that’s on top of 8 hours at work.
One way to look at it is you have devoted 10 hours for your work but only got paid for 8 hours.
But another way to look at it is that was 2 hours you could have spend exercising and staying fit.
Not to revive the obesity topic or to make any assumptions, but long commutes tend to be associated with poor health and increased girth.
Participant[quote=paramount]
Commuting for most is the fly in the ointment when it comes to Temecula. For me it’s 45 miles down and 45 miles back…day in, day out, day in, day out, n!
Believe me, it gets old.[/quote]
it doesn’t just get old, it becomes extremely unhealthy.
just look at it this way, you are looking at essentially 2 hours everyday gone. And that’s on top of 8 hours at work.
One way to look at it is you have devoted 10 hours for your work but only got paid for 8 hours.
But another way to look at it is that was 2 hours you could have spend exercising and staying fit.
Not to revive the obesity topic or to make any assumptions, but long commutes tend to be associated with poor health and increased girth.
Participant[quote=paramount]
Commuting for most is the fly in the ointment when it comes to Temecula. For me it’s 45 miles down and 45 miles back…day in, day out, day in, day out, n!
Believe me, it gets old.[/quote]
it doesn’t just get old, it becomes extremely unhealthy.
just look at it this way, you are looking at essentially 2 hours everyday gone. And that’s on top of 8 hours at work.
One way to look at it is you have devoted 10 hours for your work but only got paid for 8 hours.
But another way to look at it is that was 2 hours you could have spend exercising and staying fit.
Not to revive the obesity topic or to make any assumptions, but long commutes tend to be associated with poor health and increased girth.
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