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San Diego Native
ParticipantMultiple. . .
Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.
Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.
At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.
Again. Everything is relative.
ParticipantMultiple. . .
Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.
Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.
At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.
Again. Everything is relative.
ParticipantMultiple. . .
Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.
Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.
At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.
Again. Everything is relative.
ParticipantMultiple. . .
Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.
Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.
At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.
Again. Everything is relative.
ParticipantFLU
To each his own.
If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.
ParticipantFLU
To each his own.
If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.
ParticipantFLU
To each his own.
If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.
ParticipantFLU
To each his own.
If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.
ParticipantI found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!
Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.
ParticipantI found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!
Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.
ParticipantI found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!
Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.
ParticipantI found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!
Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.
ParticipantAs several other posters have commented, it’s ALL about LOCATION, not upgrades, when it comes to pricing in prime locations. Some friends recently looked at some coastal properties that had fantastic locations, were almost in the category of “fixers,” with no real upgrades, and even in this market, each property had three or four offers.
Upgrades seem to be what builders and sellers in less desirable locations offer to make the lack of location more attractive to potential buyers. Not really a deciding factor when it comes to those who wish to purchase real estate in a great location.
ParticipantAs several other posters have commented, it’s ALL about LOCATION, not upgrades, when it comes to pricing in prime locations. Some friends recently looked at some coastal properties that had fantastic locations, were almost in the category of “fixers,” with no real upgrades, and even in this market, each property had three or four offers.
Upgrades seem to be what builders and sellers in less desirable locations offer to make the lack of location more attractive to potential buyers. Not really a deciding factor when it comes to those who wish to purchase real estate in a great location.
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