[Scarlett]

[quote=bearishgurl][quote=Rustico][quote=Scarlett][quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]

True, but what is the alternative? Even to rent a nice townhouse in UTC we need BOTH our incomes (note – with kids). So one can either piss away money on rent or stretch and hope for the best. Either way we are screwed. I think we will buy in a year or so. For us to not stretch, i.e. sustain on one decent professional salary a 4 bdr house should be like 300K. Nothing decent in a decent school district that is within 30′ of our work (La Jolla).[/quote]
I think you are there, Scarlett… If one of your salaries can carry a 300k mortgage and you have a 20-25% DP minimum. It would be easy if those things were true and you could take a somewhat tacky home and fix it gradually. I would offer 350K on this sucker, if it doesn’t have a cracked slab or something else serious.

http://www.sdlookup.com/MLS-100043467-7674_Volclay_Dr_San
[/quote]

Nice find, Rustico. I DO think this property might be had for $350K. And Green/Lewis/Henry is a very good trio of schools. Green is among the top Elem schools in the district with an API of 917 (936 in 2009)!

http://api.cde.ca.gov/AcntRpt2010/2010GrowthSch.aspx?allcds=37683386039697%5B/quote%5D

That may be so. The elementary isn’t as important as middle and high school. With 1 salary of 80K a 250K mortgage (3-4x income) will be doable for us. no more. We are NOT there – prices have to fall at least another 20% in areas I am looking at – PQ, Scripps Ranch, NW Mira Mesa, UC. Try find a DECENT 4 br 2000 sf SFR there for 350K. San Carlos is way too far for working in La Jolla.

[Scarlett]

[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]

True, but what is the alternative? Even to rent a nice townhouse in UTC we need BOTH our incomes (note – with kids). So one can either piss away money on rent or stretch and hope for the best. Either way we are screwed. I think we will buy in a year or so. For us to not stretch, i.e. sustain on one decent professional salary a 4 bdr house should be like 300K. Nothing decent in a decent school district that is within 30′ of our work (La Jolla).

[Scarlett]

[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]

True, but what is the alternative? Even to rent a nice townhouse in UTC we need BOTH our incomes (note – with kids). So one can either piss away money on rent or stretch and hope for the best. Either way we are screwed. I think we will buy in a year or so. For us to not stretch, i.e. sustain on one decent professional salary a 4 bdr house should be like 300K. Nothing decent in a decent school district that is within 30′ of our work (La Jolla).

[Scarlett]

[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]

True, but what is the alternative? Even to rent a nice townhouse in UTC we need BOTH our incomes (note – with kids). So one can either piss away money on rent or stretch and hope for the best. Either way we are screwed. I think we will buy in a year or so. For us to not stretch, i.e. sustain on one decent professional salary a 4 bdr house should be like 300K. Nothing decent in a decent school district that is within 30′ of our work (La Jolla).

[Scarlett]

[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]

True, but what is the alternative? Even to rent a nice townhouse in UTC we need BOTH our incomes (note – with kids). So one can either piss away money on rent or stretch and hope for the best. Either way we are screwed. I think we will buy in a year or so. For us to not stretch, i.e. sustain on one decent professional salary a 4 bdr house should be like 300K. Nothing decent in a decent school district that is within 30′ of our work (La Jolla).

[Scarlett]

[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]

True, but what is the alternative? Even to rent a nice townhouse in UTC we need BOTH our incomes (note – with kids). So one can either piss away money on rent or stretch and hope for the best. Either way we are screwed. I think we will buy in a year or so. For us to not stretch, i.e. sustain on one decent professional salary a 4 bdr house should be like 300K. Nothing decent in a decent school district that is within 30′ of our work (La Jolla).

[Scarlett]

3 months??? Ha-ha-ha!
I missed that, JP! I’ve been looking more or less for the last 2 years…started to hate renting…

But I wanted to confirm his/her impressions. Pretty accurate for only 3 months of looking.

[Scarlett]

3 months??? Ha-ha-ha!
I missed that, JP! I’ve been looking more or less for the last 2 years…started to hate renting…

But I wanted to confirm his/her impressions. Pretty accurate for only 3 months of looking.

[Scarlett]

3 months??? Ha-ha-ha!
I missed that, JP! I’ve been looking more or less for the last 2 years…started to hate renting…

But I wanted to confirm his/her impressions. Pretty accurate for only 3 months of looking.

[Scarlett]

3 months??? Ha-ha-ha!
I missed that, JP! I’ve been looking more or less for the last 2 years…started to hate renting…

But I wanted to confirm his/her impressions. Pretty accurate for only 3 months of looking.

[Scarlett]

3 months??? Ha-ha-ha!
I missed that, JP! I’ve been looking more or less for the last 2 years…started to hate renting…

But I wanted to confirm his/her impressions. Pretty accurate for only 3 months of looking.

[Scarlett]

I share your impressions and frustrations, even though I am not looking that very seriously.. Depending on the area you are looking to buy in and the prices range, I have seen recently some pretty decent houses lingering on the market longer than a week or two. Which gives me some hope for the next year, that house prices will drop a little more.

[Scarlett]

I share your impressions and frustrations, even though I am not looking that very seriously.. Depending on the area you are looking to buy in and the prices range, I have seen recently some pretty decent houses lingering on the market longer than a week or two. Which gives me some hope for the next year, that house prices will drop a little more.

[Scarlett]

I share your impressions and frustrations, even though I am not looking that very seriously.. Depending on the area you are looking to buy in and the prices range, I have seen recently some pretty decent houses lingering on the market longer than a week or two. Which gives me some hope for the next year, that house prices will drop a little more.

[Scarlett]

I share your impressions and frustrations, even though I am not looking that very seriously.. Depending on the area you are looking to buy in and the prices range, I have seen recently some pretty decent houses lingering on the market longer than a week or two. Which gives me some hope for the next year, that house prices will drop a little more.

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