The average cost of buying a medium sized home in San Diego is now at $825,000. That purchase would require $165,000 down and $4,200 payments each month for the next 30 years. That would bring the total cost to $1,677,000 (Remember..... that was a medium sized home).

To qualify you would require an annual income of $139,000, a really high credit score and of course the $165,000 initial down payment.

After all this you would have the pleasure of dealing with the Ultra Liberal policies of the current Administration and the current "Woke" culture.

If this sounds like a good deal you probably need to visit a Mental Health Specialist.

Bob

Well said Bob..................
It certainly puts us in the drivers seat as that home owner. Keep your eyes open for a "red" location to live in............I know I am !!

Florida needs all the drag racers, maybe we can have a 41 race season, for a Super Pro championship again, like back in the good ol' days.

Come on down

Good many tracks here in NC and business moving here faster than they can build facilities. House up the road for $200,000 with 11ac of ground. Just leave your liberal agenda over there with your Gov.

Wonder what the property taxes are

I lived in Florida after I graduated from high school, first in Orange and then I moved down to Miami (58 SW 17th Road). Loved the place but finding a job was tough so I went to work for my Uncle (Sam) for a whopping $52 a month.

Bob

quote:

Originally posted by ferndaleflyer:
Good many tracks here in NC and business moving here faster than they can build facilities. House up the road for $200,000 with 11ac of ground. Just leave your liberal agenda over there with your Gov.

Last line most important!!

The Western side of San Diego has the best climate in the states. A little warmer as you head east, but still spectacular. This is exactly why Southern California is still a premium location to live. Add to it Old Town, Balboa Park and the coast.
It’s supply and demand in action. Little more.

There are a bunch of mexifornians moving in around here. They're bringing mexifornia with them too, and the mexifornian liberal ways of thought. I keep telling them to leave their liberal ways at home but apparently they don't listen very well, which is no surprise to me.

They're leaving in droves, or that is my understanding. Fine, they can leave, but they better not bring their garbage with them.

So I also read the article that tells about the housing costs out there. Who, in their right mind, would pay that much for a "medium sized" home? That in itself describes exactly what I was telling someone the other day; housing costs can quite easily get so high that noone can afford to buy, only rent. Or--is that the idea? Town I live in is FULL of rental properties, which by majority are controlled/owned by (A) one or two real estate investors and (B) the city in that order. In my opinion, those facts are why the city has as many street and infrastructure problems as they do, and no plan to deal with them.

In the neighborhood I live in, the housing market has beaten anything I have ever seen in history. 4 houses have gone up for sale and 3 of them were sold in hours to investors who rent/lease them out, and for an average of $21,100 over their appraised value. The other one is a "larger" home (2900') which sold for $94,000 over asking price and in under a week's time. In talking to a realtor friend about this subject, he is saying that it's going on all over the place out here. People are buying for well over asking price and they're fighting for houses; for one reason the cost of a new construction home has skyrocketed in the last few months, such that it's cheaper (by far) to purchase an existing home even though it's not what they are really looking for. Personally I get letters about once a week (on average) from people that I don't know, who want to buy my place. It's appraisal is $146,000 (I paid $90K) and I'm regularly getting offers of $150K+. Mind you, it's a little 1200' 3/2 just barely outside down, with a 1200' shop on 1.5 acres that is 80% open with 20% pine timber on the back corner. It's absolutely ridiculous (the markets) right now. It can't continue like this.

The one house down the road that sold for $94K over asking, was purchased by a family who moved here from.....of all places...CALIFORNIA. The reasoning was because they wanted out of the dump. They owned an 1800' home out near bakersfield on a third of an acre in a neighborhood, with POA/etc., sold that place, and I'm guessing they got a pretty penny out of it in order to afford to pay $94,000 over the asking price of the place they bought here.

So what I have learned just from my own experience is that the most liberal states, that are supposedly so good to the poor and working folks, have made the housing markets so ridiculously expensive that those poor and middle class folks just can't afford to own their own place.

I guess I was over paid. 1966 I got $1.00 an hour for a 50 hour week working at a gas station and going to school full time. After taxes that was $41.00 take home pay. Obtw still managed to have enough money to drag race at Lions on Sundays. Aah those were the days.

Every week I get ridiculous offers from Realtors to buy our 2400 sq. foot home. I'm ready to move to North Carolina (New Bern area), unfortunately my wife's feet are welded to the floor and I'm not going anywhere without her.

Back in the late 60's California was a dream place to live, that was until the Ultra Liberal idiots ruined things. Now when you leave home you had better be strapped while driving a Sherman tank accompanied by your Lawyer.

Probably shouldn't complain, it could be worse, like living in Portland.

Bob

It’s not just California. I bought a house in another state 4 years ago for $365,000, it’s in escrow for $960,000. It’s called a desirable area to live.

It's the same shyt sandwich as 2007.

Sell now for big money, move into an apartment, when it crashes buy the same house back pennies on the dollar.

Or a better house, pennies on the dollar.

You know if people weren’t paying the price these houses wouldn’t bring this kind of money

quote:

Originally posted by I.P. Dailey:
You know if people weren’t paying the price these houses wouldn’t bring this kind of money

There's actually an extra variable this time around.

Foreigner's unloading the USD, buying property's

There's a lot of USD floating around, not being soaked up by petro dollar oil transactions.

The buyers for my house in escrow aren’t foreigners

Its definitely crazy out there. My daughter moved from Escondido to Nampa Idaho 2years ago for her job on a trial basis to see if she would like it. Been renting a house in Nampa up til now.She just got a promotion and a big raise so decided to buy. Found a house she liked in Nampa, put he earnest money down and 5k over asking price and waited till 5pm for offers to close. Someone came in and dropped 16k over asking and took it away from her.They found another house, made an offer last night, this morning someone came in and dropped 60k over asking. Unbelievable, 60,000 over asking.
They are out in farm country in Caldwell looking today.

With all the people moving out you would think housing costs would be going down.

And the people who are moving IN are Homeless or Illegal Aliens and they are not buying anything.

quote:

Originally posted by I.P. Dailey:
It’s not just California. I bought a house in another state 4 years ago for $365,000, it’s in escrow for $960,000. It’s called a desirable area to live.

Where else can you make this kind of money? Legally? I have two years or less then I’m doing the same thing. Cash out see ya!
I.P. you moving?

My sister sold her home in Bonsall Calif. for $1.345 million the first day it was listed. Someone from Washington state bought it site unseen for cash