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poorgradstudent
ParticipantI am 29, and finishing my PhD in Biochemistry. My friends are primarily in their mid-to-late 20s, with a sprinkling of 30s with college degrees, so overall we fit the profile you’re asking about. Although most of us are single and w/o kids, and tend to have fairly urban sensibilities.
“What kind of houses they are buying and what kind of down-payment they have?”
People that are buying are looking at condos and cottages. Down payments are primarily coming from parents/grandparents, and are modest at best. In fact, a lack of a downpayment is a huge barrier.
“Are Singles buying homes at all?”
Not from my point of view. It seems like the biggest incentive for people to buy is having a kid. Marriage can be an impetus, if only because it often means kids are planned.
A lot of my friends and co-workers also have seriously considered moving out of SoCal in the past year, although not necessarily to somewhere cheaper. The Bay Area is a popular destination. If moving is a serious possibility, it gives another reason not to buy.
ParticipantI am 29, and finishing my PhD in Biochemistry. My friends are primarily in their mid-to-late 20s, with a sprinkling of 30s with college degrees, so overall we fit the profile you’re asking about. Although most of us are single and w/o kids, and tend to have fairly urban sensibilities.
“What kind of houses they are buying and what kind of down-payment they have?”
People that are buying are looking at condos and cottages. Down payments are primarily coming from parents/grandparents, and are modest at best. In fact, a lack of a downpayment is a huge barrier.
“Are Singles buying homes at all?”
Not from my point of view. It seems like the biggest incentive for people to buy is having a kid. Marriage can be an impetus, if only because it often means kids are planned.
A lot of my friends and co-workers also have seriously considered moving out of SoCal in the past year, although not necessarily to somewhere cheaper. The Bay Area is a popular destination. If moving is a serious possibility, it gives another reason not to buy.
ParticipantLots of good takes on why she’s bored; the fact is that almost any college student is going to be bored living in their parent’s house, especially if said student is relatively broke. Assuming you live in the ‘burbs, driving anywhere interesting takes time and gas money.
San Diego is a phenomenal city when it comes to recreational opportunities. The beach, the mountains, biking, camping, hiking, most of which can be done year-round. Culturally though, there’s not that much going on here compared to other major cities. The art scene is pretty dead overall. Most of the theater experiences are really expensive.
I would love to live in some magical city that combined the bay area experience with San Diego’s weather and the Midwest’s cost of living.
ParticipantLots of good takes on why she’s bored; the fact is that almost any college student is going to be bored living in their parent’s house, especially if said student is relatively broke. Assuming you live in the ‘burbs, driving anywhere interesting takes time and gas money.
San Diego is a phenomenal city when it comes to recreational opportunities. The beach, the mountains, biking, camping, hiking, most of which can be done year-round. Culturally though, there’s not that much going on here compared to other major cities. The art scene is pretty dead overall. Most of the theater experiences are really expensive.
I would love to live in some magical city that combined the bay area experience with San Diego’s weather and the Midwest’s cost of living.
ParticipantLots of good takes on why she’s bored; the fact is that almost any college student is going to be bored living in their parent’s house, especially if said student is relatively broke. Assuming you live in the ‘burbs, driving anywhere interesting takes time and gas money.
San Diego is a phenomenal city when it comes to recreational opportunities. The beach, the mountains, biking, camping, hiking, most of which can be done year-round. Culturally though, there’s not that much going on here compared to other major cities. The art scene is pretty dead overall. Most of the theater experiences are really expensive.
I would love to live in some magical city that combined the bay area experience with San Diego’s weather and the Midwest’s cost of living.
ParticipantLots of good takes on why she’s bored; the fact is that almost any college student is going to be bored living in their parent’s house, especially if said student is relatively broke. Assuming you live in the ‘burbs, driving anywhere interesting takes time and gas money.
San Diego is a phenomenal city when it comes to recreational opportunities. The beach, the mountains, biking, camping, hiking, most of which can be done year-round. Culturally though, there’s not that much going on here compared to other major cities. The art scene is pretty dead overall. Most of the theater experiences are really expensive.
I would love to live in some magical city that combined the bay area experience with San Diego’s weather and the Midwest’s cost of living.
ParticipantLots of good takes on why she’s bored; the fact is that almost any college student is going to be bored living in their parent’s house, especially if said student is relatively broke. Assuming you live in the ‘burbs, driving anywhere interesting takes time and gas money.
San Diego is a phenomenal city when it comes to recreational opportunities. The beach, the mountains, biking, camping, hiking, most of which can be done year-round. Culturally though, there’s not that much going on here compared to other major cities. The art scene is pretty dead overall. Most of the theater experiences are really expensive.
I would love to live in some magical city that combined the bay area experience with San Diego’s weather and the Midwest’s cost of living.
ParticipantI’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.
If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.
ParticipantI’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.
If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.
ParticipantI’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.
If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.
ParticipantI’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.
If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.
ParticipantI’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.
If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.
Participant“It is very close to the beach”
No it’s not. It’s close relative to Mira Mesa or La Mesa, but it’s not exactly near the water.As for being good for UCSD, it wouldn’t be bad if you like to bike, but that commute isn’t as painless as it looks on a map.
Participant“It is very close to the beach”
No it’s not. It’s close relative to Mira Mesa or La Mesa, but it’s not exactly near the water.As for being good for UCSD, it wouldn’t be bad if you like to bike, but that commute isn’t as painless as it looks on a map.
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