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southern5footer
ParticipantWe only bought 3 years ago. We are still turning a profit but nothing huge.
ParticipantHi Everyone,
I’m going to respond to the comments above.
– Temecula isn’t a viable option for us (although I do think it is lovely.) My husband works in Sorrento Valley and I work downtown. Poway is about as far north as we are willing to go, plus we have family there.
– I agree that the buy instead of rent equation is an interesting one and definitely worth considering. We have run a bunch of different financial senerios and will re-access when our condo sells (it is listed and we are reviewing offers in a matter of days.)
– We aren’t new to the area. My husband is from SD and I’ve been here over 15 years.
ParticipantI completely agree with your assessment. We would just rent until we find the right place. If it takes a year or four, that is fine. The longer we rent the larger our cash pile gets. Our next home we would like to be our long term home.
Who knows what will really happen for us personally but we’re not putting pressure on ourselves to find something fast.
ParticipantYea, it will be interesting for sure. We are lucky because we are more than willing to be patient and wait for the right place/time.
I would think as prices keep rising some of the people who were/are sitting under water will start wanting to sell.
ParticipantThank you for all of this information. This was/is really useful. I’m going to have to take a trip to the City. Of the 4 lots, 1 is zoned for residential, 2 for Misc and 1 for “Call The City.” lol THey are all in RR-A.
ParticipantHas anyone gathered any additional information about Poway and granny flats?
My husband and I are looking into purchasing a house that has 2 acres that were originally 4 1/2 acre lots. There is one house but would really like to build a granny flat for my father. Trying to decide if this is a feasible plan?
Any input is appreciated.
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