3 ms·

That's cool, but ironically middle class (even upper middle class) folks cannot find any "affordable housing" in SB. I gave up after saving for 10+ years and m

by gedy 4y ago

That's cool, but ironically middle class (even upper middle class) folks cannot find any "affordable housing" in SB. I gave up after saving for 10+ years and moved to San Diego.

latchkey 4y ago
It isn't like San Diego is much cheaper. Especially the further west you want to be. A lot of this has to do with the short term industry, which SD just voted to substantially limit. Next year should be interesting for the property market when they roll out the implementation.
- gedy 4y ago
  > It isn't like San Diego is much cheaper. It was a lot cheaper a few years ago at least, a 3-4BD SFR was less than 1BD condo in SB when I moved.
  - latchkey 4y ago
    Oh, it has changed substantially in the last few years. Covid changed everything.
    - gedy 4y ago
      Yes for sure, I'd not buy anything in California at prices in past 2 years.
      - latchkey 4y ago
        I bought the covid dip in SD getting a place under asking, just over a year ago. Small condo facing the ocean in one of the popular beach towns. Best financial decision I've ever made in my life given that it has gone up at least 23% and given the area, won't go down over time. There are deals to be had, you just need to know the market, understand who's selling (and why!) and have a bit of luck with the timing of things.
        nickff 4y ago
        This reads as being quite arrogant. You may turn out to have made a good bet, though even in that case, you shouldn't be sure that it was a guaranteed thing like you seem to believe.
        latchkey 4y ago
        Given that I was born and raised in the area and my father still lives 100' away from me (and he owns two properties here), I knew the area market extremely well. I bought the place sight unseen while I was in another state because I knew exactly what the property is and its history. It is also easy to see in this very popular beach area that the prices have appreciated over time. The people selling the place... well... I googled them and it seemed like they needed the cash. I lowballed the offer (counter to my agents wishes) and they accepted. Business is business. Apologies if it came off as arrogant, but like I said, I got lucky. The stars aligned into something I knew would be a good investment if I could get it and I did. One semi interesting side note is that I was originally looking for a place to rent, not buy. One of the other owners in the same building wanted some crazy $6k a month for a 1 bedroom because it is all profitable short term rentals. Because of everything in the area being short term rentals, there is literally nothing to rent. I then saw this place come up for sale and figured I might as well buy. Again, lucky, but also understood very well what I was getting into.
- rconti 4y ago
  SD routinely beats the rest of the country for "most expensive place to live" due to the ratio of housing cost to wages. More so than the bay area. I'm sure there are issues with this methodology, but still....

by gedy 4y ago

That's cool, but ironically middle class (even upper middle class) folks cannot find any "affordable housing" in SB. I gave up after saving for 10+ years and moved to San Diego.

latchkey 4y ago

It isn't like San Diego is much cheaper. Especially the further west you want to be. A lot of this has to do with the short term industry, which SD just voted to substantially limit. Next year should be interesting for the property market when they roll out the implementation.

gedy 4y ago
> It isn't like San Diego is much cheaper. It was a lot cheaper a few years ago at least, a 3-4BD SFR was less than 1BD condo in SB when I moved.
- latchkey 4y ago
  Oh, it has changed substantially in the last few years. Covid changed everything.
  - gedy 4y ago
    Yes for sure, I'd not buy anything in California at prices in past 2 years.
    - latchkey 4y ago
      I bought the covid dip in SD getting a place under asking, just over a year ago. Small condo facing the ocean in one of the popular beach towns. Best financial decision I've ever made in my life given that it has gone up at least 23% and given the area, won't go down over time. There are deals to be had, you just need to know the market, understand who's selling (and why!) and have a bit of luck with the timing of things.
      - nickff 4y ago
        This reads as being quite arrogant. You may turn out to have made a good bet, though even in that case, you shouldn't be sure that it was a guaranteed thing like you seem to believe.
        latchkey 4y ago
        Given that I was born and raised in the area and my father still lives 100' away from me (and he owns two properties here), I knew the area market extremely well. I bought the place sight unseen while I was in another state because I knew exactly what the property is and its history. It is also easy to see in this very popular beach area that the prices have appreciated over time. The people selling the place... well... I googled them and it seemed like they needed the cash. I lowballed the offer (counter to my agents wishes) and they accepted. Business is business. Apologies if it came off as arrogant, but like I said, I got lucky. The stars aligned into something I knew would be a good investment if I could get it and I did. One semi interesting side note is that I was originally looking for a place to rent, not buy. One of the other owners in the same building wanted some crazy $6k a month for a 1 bedroom because it is all profitable short term rentals. Because of everything in the area being short term rentals, there is literally nothing to rent. I then saw this place come up for sale and figured I might as well buy. Again, lucky, but also understood very well what I was getting into.
rconti 4y ago
SD routinely beats the rest of the country for "most expensive place to live" due to the ratio of housing cost to wages. More so than the bay area. I'm sure there are issues with this methodology, but still....