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sdrealtor
ParticipantWill defintely look at attached and detached seperately. Lets see what comes in as requests.
ParticipantOk lets put this one to the test. Lets pick 4 zip codes and I’ll do research on what cash buyers look like in each. I get to pick one, DZ picks one, FLU picks one and I’ll throw out one wildcard to the piggs at large. If more than one other is submitted I’ll pick the one I think is least like the others. Heading up to LA for a couple days so no rush but submit your choices.
My Pick will be 92009.
ParticipantThats a good price. I paid $250 a few years ago for live bee removal from my eaves/attic
Participant[quote=deadzone]Call it what you want, but I would consider most cases of people purchasing vacation homes etc. as investors.
And on to money laundering, what I am really referring to is all the cash purchases made by foreign buyers, (Chinese primarily, a lot of Mexican too in this area) who are investing in US assets to hide their money from their own governments, whether due to tax or other reasons. This is very common but impossible to quantify.[/quote]
Huh? My parents had a second home at the Jersey shore. I had a place in Palm Desert. My friends back east all have Shore houses and Florida houses. None are ever rented out. They are used to vacation. Now some friends are spending more than half time in Florida for tax reasons and easing into retirement. None of these places were ever investments. More tone deaf ignorance. The only thing we are investing in is our happiness
And not impossible to quantify those cash buyers. Most primary homes. Some international but a small player except in a small handful of spots hereParticipantI have been invloved in many cash deals. I can only think of fuw that were investors. Most were as FLU said people moving down from more expensive homes or people that made lots of money in the business world. In many parts of the country where real estate is much cheaper they are even more common.
Three of my best friends bought homes in Florida this year for cash. One sold a large property in Vermont and bought his retirement home on a golf course in Boynton beach. Another sold his $1.2M second home there and bought a nicer one for $1.8M adding another $600K in cash both in Boca. The last could buy my whole my whole block for cash. He’s got 6 houses and all were paid for in cash. He upgraed to a nicer house in Jupiter.
Did you really think people showed up with wheelbarrows of cash?
Participant[quote=an][quote=Coronita][quote=an][quote=deadzone][quote=an][quote=deadzone]I don’t represent the younger generation who has no shot at ever owning a house in the present situation.[/quote]
Two Sr. Software Engineers with 3-5 years of experience can probably make $130-150k. That’s a combine income of $260-300k/year. They can easily qualify for $1m house. So, I don’t know what you’re talking about.[/quote]So you have to be software engineer, and be married to another software engineer, to afford a house? Okay got it. Sounds like the younger generation has nothing to worry about.[/quote]if you want to live in a million dollar house, of course! Not a house, a million dollar house. There are plenty of houses in this vast country that’s well less than a million dollar.[/quote]
Well of course not… You don’t have to be a software engineer couple to live in a million dollar house. You can also be a successful doctor, lawyer, dentist, realtor, or BYOB… You just need to be able to have a combined income of $200k or higher and have 20% down and sufficient cash reserve for the unexpected.
And if you don’t, there’s lot of non-$1million condos and lots of non-$1million houses close to San Diego. Lots of beautiful houses in Riverside County, Temecula that aren’t (yet) $1million.
Still waiting on a reply to my question about the 401k/IRA/retirement accounts that you keep dodging….[/quote]
You forgot nurses, various business owners, HVAC tech, plumbers, electricians, a few other trades, etc.[/quote]Lets us not forget the multi talented and UCSD Grad Evelyn Lin
Participant[quote=flyer]We here are all very fortunate that our kids have, or will have, great careers and help from their families wrt their desired (desired being the key word, as most would probably not want to live in the less expensive alternate options) housing, but this article highlights the affordability issue facing many in America. As expected, San Diego is on one of the charts.
Ehhh….there are lots of nice places. I have no idea if both my kids will want to stay here. It was my dream to live here not theirs. I know there are plenty of places they would be happy and maybe they will choose another one either while Im here or after Im gone. If they want to remain here that will always be an option though. I did my job
Participant[quote=deadzone][quote=sdrealtor]Condo market up by me significantly stronger than sfr market at the moment. Virtually nothing under 800k. Just closed one 10% above asking, owner occupant, all cash. Yet again you don’t understand what’s going on[/quote]
All cash? Obviously an investor, someone has to be the bag holder when the market crashes.[/quote]
Wrong again as always! Single mom teacher relocating from East Coast for her kid to finish high school and then enjoy living in a nice place as an empty nester. Some people bought houses, paid them off, saved for retirement and lived within their means instead of being a slacker
Participant[quote=Coronita][quote=sdrealtor]Here you go. This house is not far from where i grew up. It’s basically demographically Carlsbad or Carmel Valley in another part of the country. Incredible schools, easy commute to job centers, great healthcare (neighborhood is full of doctors that teach at some of the best med schools in the country), Plenty of parks and open space. Farm stands everywhere and it’sa nice 45 minute drive to some of the nicest parts of the Jersey Shore (think La Jolla and Del Mar not where MTV Jersey Shore was filmed). Median HH income in the zip code is about $130k but quite a bit higher in this neighborhood. Many children buy in this neighborhood they grew up in if they stay in the area. There are plenty of nice affordable places
That’s a beautiful house. That begs the question.
If you’re a tech worker, would you rather live in that house and work remotely…OR…
Live in this, and have to report to work.
https://www.redfin.com/CA/San-Diego/11187-Kelowna-Rd-92126/unit-75/home/6397715
I think if I was young, and didn’t have my roots here in CA, I’d get the f out of here….[/quote]
Lots of nice places to live. When he was the Heavyweight World Champion Muhammed Ali lived about a mile from the that house. When he was the starting QB Of the Philadephia Eagles Randall Cunningham lived less than a 1/4 mile away. I think about 90% of the kids at the local high school go on to 4 year colleges and a very high percentage to Ivy League schools
Participant[quote=deadzone][quote=an][quote=deadzone]I don’t represent the younger generation who has no shot at ever owning a house in the present situation.[/quote]
Two Sr. Software Engineers with 3-5 years of experience can probably make $130-150k. That’s a combine income of $260-300k/year. They can easily qualify for $1m house. So, I don’t know what you’re talking about.[/quote]So you have to be software engineer, and be married to another software engineer, to afford a house? Okay got it. Sounds like the younger generation has nothing to worry about.[/quote]
There are very few tech workers around there. Everyone with a decent job can afford a nice home in a great community. Sorry but its expensive here and when given the opportunity of a lifetime one must capitalize or suffer the consequences
ParticipantHere you go. This house is not far from where i grew up. It’s basically demographically Carlsbad or Carmel Valley in another part of the country. Incredible schools, easy commute to job centers, great healthcare (neighborhood is full of doctors that teach at some of the best med schools in the country), Plenty of parks and open space. Farm stands everywhere and it’sa nice 45 minute drive to some of the nicest parts of the Jersey Shore (think La Jolla and Del Mar not where MTV Jersey Shore was filmed). Median HH income in the zip code is about $130k but quite a bit higher in this neighborhood. Many children buy in this neighborhood they grew up in if they stay in the area. There are plenty of nice affordable places
ParticipantHe only cares about himself and looks no further than the tip of his nose. Most of this country is well within the means of the younger generation. Not everyone gets a house in La Jolla. A significant downturn would hurt many in places that are nowhere near here but he dont care
Participant[quote=deadzone][quote=sdrealtor]The younger generation can afford houses lots of places. But there have always been places that were too expensive for most to and this place is joining that list for many including those who passed up on the opportunity of a lifetime.
The answer is it doesnt bother us, we just understand that it would hurt many good hardworking people. You are just bitter, the “Fuck you I didnt get mine” mentality is strong.[/quote]
It does bother you. The idea that RE can and will go down bothers you a lot, very clear by your posts.
As usual you always make it about me. I don’t represent the younger generation who has no shot at ever owning a house in the present situation. Your “opportunity of a lifetime” line doesn’t apply to the vast majority of “hard working” folks who are screwed in this distorted market, they never had a chance.[/quote]
Uhhh no! If you follow where I actually report data and what is going on you will see my opinion is very balanced and I don’t take one side or the other. You were calling for a national crash because you can’t afford it here. Most of the country is not priced like this and in most places the younger generation who work hard and save can easily purchase a home. It’s sad that you won’t admit it’s all about you and your failures
ParticipantCondo market up by me significantly stronger than sfr market at the moment. Virtually nothing under 800k. Just closed one 10% above asking, owner occupant, all cash. Yet again you don’t understand what’s going on
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