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raptorduck
ParticipantAlexAngel. Come on, I have read your other posts. I know you are flavorful and all, but you can’t be that ignorant.
So I can afford a house in RSF, BFD. I have nothing to brag about. I am paying 20% down like everybody else, have to finance it like everbody else, and will never pay the mortgage down past 33% of its value.
Last time I checked, I don’t have a degree in real estate and folks here know a lot about the market I am interested in. I have learned a lot here. Need I say more?
ParticipantArtifact. You are right I did forget that. I had to commute downtown from time to time from CV and it took around 20 min. Again, I did so before peak hrs so it would be longer during peak hours.
The commute from Encinitas would be a nightmare though. My wife used to live near there and had to come down the 5 and was bumper to bumpter for a good part of it until the fairgrounds and then almost immediately once she got past CV to La Jolla.
With your observation in mind though, perhaps a place south of La Jolla would be better after all.
ParticipantArtifact. You are right I did forget that. I had to commute downtown from time to time from CV and it took around 20 min. Again, I did so before peak hrs so it would be longer during peak hours.
The commute from Encinitas would be a nightmare though. My wife used to live near there and had to come down the 5 and was bumper to bumpter for a good part of it until the fairgrounds and then almost immediately once she got past CV to La Jolla.
With your observation in mind though, perhaps a place south of La Jolla would be better after all.
ParticipantArtifact. You are right I did forget that. I had to commute downtown from time to time from CV and it took around 20 min. Again, I did so before peak hrs so it would be longer during peak hours.
The commute from Encinitas would be a nightmare though. My wife used to live near there and had to come down the 5 and was bumper to bumpter for a good part of it until the fairgrounds and then almost immediately once she got past CV to La Jolla.
With your observation in mind though, perhaps a place south of La Jolla would be better after all.
ParticipantNo need to compromise.
Lets see, you have stated that:
1. You will be working in La Jolla
2. You want a kid friendly community
3. You want good schools
4. You don’t want to move out of the school district
5. You want a decent commute
6. You don’t want to spend more than $550kFolks here say rent first.
To me that says Carmel Valley.
1. Based on the STAR testing reports website, API scores, and bestschools.net, Carmel Valley schools have the best scores in SD County, better than even my planned home of RSF, and about as good as the best school districts up here in the Bay Area. That is not to say other SD districts are not great. Just that CV seems to get the top nod on that score. I did all that research down to the school when I first started looking for homes in North County this year. My school aged kids are currently in a fantastic school district (no not San Jose), so that was important to me.
2. Ok, when I lived there, my commute was under 10 min b/c I went to work early. But worse case is probably 20 min in traffic for you I would bet. Just mapquest from either extreme of CV to your work to get an estimate and then do that for the other locals folks mentioned.
3. If you agree with folks here to rent first, you can rent in CV, get a feel for the area, get your kids in great schools, and watch the market continue to plunge until you can get a nice detached house in CV in your price range or until your income lets you afford more house. Either way, seems to me you can’t loose.
Note that I have no vested interest in CV. Although I once lived there and loved it and will be working there, I am not going to live there this time and my kids will end up in RSF schools, although probably Torry Pines for high school. I am also not suggesting that any of the other locals people suggested are not good options. I just saw what you were asking for and CV seems to me to be ideal for what you want.
ParticipantNo need to compromise.
Lets see, you have stated that:
1. You will be working in La Jolla
2. You want a kid friendly community
3. You want good schools
4. You don’t want to move out of the school district
5. You want a decent commute
6. You don’t want to spend more than $550kFolks here say rent first.
To me that says Carmel Valley.
1. Based on the STAR testing reports website, API scores, and bestschools.net, Carmel Valley schools have the best scores in SD County, better than even my planned home of RSF, and about as good as the best school districts up here in the Bay Area. That is not to say other SD districts are not great. Just that CV seems to get the top nod on that score. I did all that research down to the school when I first started looking for homes in North County this year. My school aged kids are currently in a fantastic school district (no not San Jose), so that was important to me.
2. Ok, when I lived there, my commute was under 10 min b/c I went to work early. But worse case is probably 20 min in traffic for you I would bet. Just mapquest from either extreme of CV to your work to get an estimate and then do that for the other locals folks mentioned.
3. If you agree with folks here to rent first, you can rent in CV, get a feel for the area, get your kids in great schools, and watch the market continue to plunge until you can get a nice detached house in CV in your price range or until your income lets you afford more house. Either way, seems to me you can’t loose.
Note that I have no vested interest in CV. Although I once lived there and loved it and will be working there, I am not going to live there this time and my kids will end up in RSF schools, although probably Torry Pines for high school. I am also not suggesting that any of the other locals people suggested are not good options. I just saw what you were asking for and CV seems to me to be ideal for what you want.
ParticipantNo need to compromise.
Lets see, you have stated that:
1. You will be working in La Jolla
2. You want a kid friendly community
3. You want good schools
4. You don’t want to move out of the school district
5. You want a decent commute
6. You don’t want to spend more than $550kFolks here say rent first.
To me that says Carmel Valley.
1. Based on the STAR testing reports website, API scores, and bestschools.net, Carmel Valley schools have the best scores in SD County, better than even my planned home of RSF, and about as good as the best school districts up here in the Bay Area. That is not to say other SD districts are not great. Just that CV seems to get the top nod on that score. I did all that research down to the school when I first started looking for homes in North County this year. My school aged kids are currently in a fantastic school district (no not San Jose), so that was important to me.
2. Ok, when I lived there, my commute was under 10 min b/c I went to work early. But worse case is probably 20 min in traffic for you I would bet. Just mapquest from either extreme of CV to your work to get an estimate and then do that for the other locals folks mentioned.
3. If you agree with folks here to rent first, you can rent in CV, get a feel for the area, get your kids in great schools, and watch the market continue to plunge until you can get a nice detached house in CV in your price range or until your income lets you afford more house. Either way, seems to me you can’t loose.
Note that I have no vested interest in CV. Although I once lived there and loved it and will be working there, I am not going to live there this time and my kids will end up in RSF schools, although probably Torry Pines for high school. I am also not suggesting that any of the other locals people suggested are not good options. I just saw what you were asking for and CV seems to me to be ideal for what you want.
ParticipantConsidering I live in San Jose, I felt it pretty good. It shook for about 10 seconds and the chandeliers swayed back and forth for over 5 minutes from momentum. We all flew under a door frame and then skirted outside to find most of our neighbors doing the same. Once it stopped, we got on the USGS web site and added to their data collection.
I was here when the Loma Prieta earthquake hit and all its aftershocks and, consequently, am much more jumpy with quakes than I was before that.
p.s. I must confess and apologize to the state of Texas for wishing mother nature would leave California alone for a while and go there. I did not mean that (well the Texas part). I am still not over UTexas’ coach paying off AP voters to jump over Cal in the Rose Bowl voting a few years back.
ParticipantConsidering I live in San Jose, I felt it pretty good. It shook for about 10 seconds and the chandeliers swayed back and forth for over 5 minutes from momentum. We all flew under a door frame and then skirted outside to find most of our neighbors doing the same. Once it stopped, we got on the USGS web site and added to their data collection.
I was here when the Loma Prieta earthquake hit and all its aftershocks and, consequently, am much more jumpy with quakes than I was before that.
p.s. I must confess and apologize to the state of Texas for wishing mother nature would leave California alone for a while and go there. I did not mean that (well the Texas part). I am still not over UTexas’ coach paying off AP voters to jump over Cal in the Rose Bowl voting a few years back.
ParticipantConsidering I live in San Jose, I felt it pretty good. It shook for about 10 seconds and the chandeliers swayed back and forth for over 5 minutes from momentum. We all flew under a door frame and then skirted outside to find most of our neighbors doing the same. Once it stopped, we got on the USGS web site and added to their data collection.
I was here when the Loma Prieta earthquake hit and all its aftershocks and, consequently, am much more jumpy with quakes than I was before that.
p.s. I must confess and apologize to the state of Texas for wishing mother nature would leave California alone for a while and go there. I did not mean that (well the Texas part). I am still not over UTexas’ coach paying off AP voters to jump over Cal in the Rose Bowl voting a few years back.
October 31, 2007 at 8:10 AM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93542ParticipantOdd that these studies confuse millionaires with “rich.” As has been correctly pointed out to me on this board, people with less than $10 million or so in net worth are not “rich” in the sense of the word given it by society.
If you have $1 million of net worth outside your equity in your home, you are upper middle class or just financially comfortable. If you have $10 million then you are financially secure and perhaps upper upper middle class. Above that number and you might be “working rich” or lower upper class. There are lots of lawyers, investment bankers, venture capitalists, and CEO’s who are working rich. They make $1 million-$75 million per year, but they work.
On the low end of that range, many must work to support their lifestyles and do not have high net worths. On the high end, they probably don’t have to work and if they have gotten their net worth over $20-$30 million, then they are finally what I would call “rich,” which I define as someone who is financially secure enough to live 100% from conservative appreciation of their liquid or nearly liquid assets AND have the kind of lifestyle/posessions society attributes to “rich” people.
Mind you that there are pleanty of folks who live very modestly and have few possessions and are “financially independent” from frugal savings and don’t have to work either. Those are not the type of folks society thinks of when they think of “rich” people, but many are more happy than your typical rich person.
October 31, 2007 at 8:10 AM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93576ParticipantOdd that these studies confuse millionaires with “rich.” As has been correctly pointed out to me on this board, people with less than $10 million or so in net worth are not “rich” in the sense of the word given it by society.
If you have $1 million of net worth outside your equity in your home, you are upper middle class or just financially comfortable. If you have $10 million then you are financially secure and perhaps upper upper middle class. Above that number and you might be “working rich” or lower upper class. There are lots of lawyers, investment bankers, venture capitalists, and CEO’s who are working rich. They make $1 million-$75 million per year, but they work.
On the low end of that range, many must work to support their lifestyles and do not have high net worths. On the high end, they probably don’t have to work and if they have gotten their net worth over $20-$30 million, then they are finally what I would call “rich,” which I define as someone who is financially secure enough to live 100% from conservative appreciation of their liquid or nearly liquid assets AND have the kind of lifestyle/posessions society attributes to “rich” people.
Mind you that there are pleanty of folks who live very modestly and have few possessions and are “financially independent” from frugal savings and don’t have to work either. Those are not the type of folks society thinks of when they think of “rich” people, but many are more happy than your typical rich person.
October 31, 2007 at 8:10 AM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93585ParticipantOdd that these studies confuse millionaires with “rich.” As has been correctly pointed out to me on this board, people with less than $10 million or so in net worth are not “rich” in the sense of the word given it by society.
If you have $1 million of net worth outside your equity in your home, you are upper middle class or just financially comfortable. If you have $10 million then you are financially secure and perhaps upper upper middle class. Above that number and you might be “working rich” or lower upper class. There are lots of lawyers, investment bankers, venture capitalists, and CEO’s who are working rich. They make $1 million-$75 million per year, but they work.
On the low end of that range, many must work to support their lifestyles and do not have high net worths. On the high end, they probably don’t have to work and if they have gotten their net worth over $20-$30 million, then they are finally what I would call “rich,” which I define as someone who is financially secure enough to live 100% from conservative appreciation of their liquid or nearly liquid assets AND have the kind of lifestyle/posessions society attributes to “rich” people.
Mind you that there are pleanty of folks who live very modestly and have few possessions and are “financially independent” from frugal savings and don’t have to work either. Those are not the type of folks society thinks of when they think of “rich” people, but many are more happy than your typical rich person.
ParticipantThanks Rustico.
Wow, my own castle, and in my price range to boot!
Tad on the high end of it though. My goal is to find what I want on the low end of my range. I will only pay the top end if I must and I dunt think I must in this market.
It is about 1,500 sf too small, has 10 times as much land as my max, and is not in the area I desire. Other than that, I would feel like Shrek or the Hobbit or Sean Conery living in that place. My dad would like the log cabin though, he lives in one now.
p.s. Larry Elisson has a house on 40 acres in Woodside here in the Bay Area, worth $200 million+! (perhaps a bit less than that in this market?).
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