San Diego Housing Market News and Analysis
Housing advice for friends
User Forum Topic
Submitted by Escoguy on May 17, 2017 - 7:42pm
There are two people who have been discussing housing with me.
A friend/former colleague 32 y.o. Asian male single with a good six figure income in LA. He has been looking all over which I've encouraged him to do for educational value but given the market conditions, I've told him recently that if he doesn't need to buy now, then it is better to wait for when he actually needs a house/condo.
Given part of me looks at the inventory levels and wants to shout buy as soon as you can. But I don't want to be part of a "pressure machine".
Another guy I work with 41 y.o. single successful entrepreneur, but all his money goes into his business. I'm suggesting to him to find something modest and affordable as he now pays $3,250/month in rent. Problem is he wants to be close to the beach so there's not really anything less than 650K-700K.
Most of my property is in RB/San Marcos/North County Inland so giving advice on coastal areas is a little tricker for me.
Thoughts? and Thanks
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