For those outside of CA, if you think our real estate is bad, Hawaii is much worse! 
Another Subtle Reminder of San Diego's Weather
- Thread starter FuryNSX
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saxonsaxon
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Hawaii
True, Hawaii is super expensive but the views, and the weather ..... paradise. I spent 2 months there in 1996 and would love to come back one day with kids.
True, Hawaii is super expensive but the views, and the weather ..... paradise. I spent 2 months there in 1996 and would love to come back one day with kids.
I did 150 miles cruising today in the NSX about 30-40 down the beach 
Re: Hawaii
I spent 2 weeks there and got island fever quick. I think I'm done with Hawaii until my retirement years.
saxonsaxon said:
I spent 2 weeks there and got island fever quick. I think I'm done with Hawaii until my retirement years.
Bay Area prices are still bad
You guys in San Diego got it made. I'll live there someday! Even with the thousands of job losses in Silicon Valley and SF, the Bay Area housing prices keep going up (no more multiple bids and having to pay over asking, but prices keep climbing). Those with secure jobs are still doing well. In less than two years the "average" home in my area (East Bay) went from mid $300's to high 400's (this is after the Internet bubble burst). We are talking about a 35 year old , 3BR, 2BA. The new (2yr old or less) 3BD, 2BA start at high $500's. Then if you want to get to 2,500 square feet or more the houses get to $700K-$1.2M. Sounds high. Its all relative. Consider that in this area, I still live 45 miles away from SF and 35 miles away from San Jose (Silicon Valley)), then these prices are low. Get close to SF and SJ and the prices go up 25% or more.
Keep posting pics of San Diego and OC. We are getting overcast skies, rain and fog up here. Your posts remind me that I need to get out and drive my car, no matter what the weather.
You guys in San Diego got it made. I'll live there someday! Even with the thousands of job losses in Silicon Valley and SF, the Bay Area housing prices keep going up (no more multiple bids and having to pay over asking, but prices keep climbing). Those with secure jobs are still doing well. In less than two years the "average" home in my area (East Bay) went from mid $300's to high 400's (this is after the Internet bubble burst). We are talking about a 35 year old , 3BR, 2BA. The new (2yr old or less) 3BD, 2BA start at high $500's. Then if you want to get to 2,500 square feet or more the houses get to $700K-$1.2M. Sounds high. Its all relative. Consider that in this area, I still live 45 miles away from SF and 35 miles away from San Jose (Silicon Valley)), then these prices are low. Get close to SF and SJ and the prices go up 25% or more.
Keep posting pics of San Diego and OC. We are getting overcast skies, rain and fog up here. Your posts remind me that I need to get out and drive my car, no matter what the weather.
This is what you get for $875,000 around here. A run of the mill 3500 sf home with a finshed basement.
No mountain or waterview just a residential home.
No mountain or waterview just a residential home.
On the sides and back.
Joel said:For those outside of CA, if you think our real estate is bad, Hawaii is much worse!
Actually, I was surprised at how comparable the real estate in Maui was to SD/OC....That was in the nice part of Maui(Kaanapali, Kapalua) even cheaper in most parts....BUT, you have to be careful what you buy over there, because most of the land is leased, you never actually own the land
Thats no good....I did end up buying a timeshare(that you can actually own) at Embassy Suites in Kaanapali
Can't wait to go back!!!
I used to have this as my signature over at supraforums during the winter time 
The uber expensive stuff in California is mainly being purchased by people who already have equity in an existing mortage. They simply flip the house for profit, pay off their existing mortage, put the difference down on a new house, and take out a new mortgage comparable to their original (maybe a couple of hundred grand).
This constant upgrade cycles makes room for new homeowners, who move into "starter homes" or homes in neighborhoods that get quickly gentrified with new money, and those rise in value... and the cycle continues. Less upwardly-mobile people then also enjoy the benefits of a good real estate market.
There's cheaper new development houses for people who move in to the state or are new homeowners, too.
This is the reason why the bubble in california won't "pop" in the near future, it will only slow down and *maybe* decline SLOWLY. People aren't overleveraged --- yet.
This constant upgrade cycles makes room for new homeowners, who move into "starter homes" or homes in neighborhoods that get quickly gentrified with new money, and those rise in value... and the cycle continues. Less upwardly-mobile people then also enjoy the benefits of a good real estate market.
There's cheaper new development houses for people who move in to the state or are new homeowners, too.
This is the reason why the bubble in california won't "pop" in the near future, it will only slow down and *maybe* decline SLOWLY. People aren't overleveraged --- yet.
steveny said:
The only problem with this theory is there are those, such as college grads, who have no house or condo with equity who live in areas where starter homes are expensive. I have friends living with parents because they can't afford the $300k+ to jump into a starter condo and don't want to commute 1.5 hours to work. The bottom is already starting to fall out- just ask any 22-27 year old professional on their views of being able to buy a home.Mike Hughes said:
I couldn't wait to leave California. I owned a house in Santa Barbara for over 20 years. I moved from Santa Barbara to Europe and lived there for seven years. When I returned I hated it. We did live in San Francisco for two years. That is one of the best cities in the world. That said, you couldn't pay me to live in California.
We did our internet searches regarding the best place to live for cost of living, cultural activities, schools, weather, etc., etc.. Raleigh was always in the top 10. So we took a shot at living here.
California...no thanks. Been there, done that. Oh, yesterday, December 4th, it was 71 degrees here.
We did our internet searches regarding the best place to live for cost of living, cultural activities, schools, weather, etc., etc.. Raleigh was always in the top 10. So we took a shot at living here.
California...no thanks. Been there, done that. Oh, yesterday, December 4th, it was 71 degrees here.
wow, this thread is old. I hate our weather here. High of 11 tomorrow or wednesday and snow. We're having a huge wind storm today. 94 MPH wind gust was clocked about 5 mins away from my house. That brings the high 20's temp today way down with the wind chill.
This thread may be old, but man... i wanna visit you guys in San Diego. You guys are crazy.
I hate you too. :smile: It snowed Sun & is supposed to again on Fri.
SteveNY, you are in the armpit that is upstate NY so of course houses are cheaper.:biggrin: On the upside the paint on the house will never fade since the sun only comes out about 3 days a year. And it's a least an hour to anything resembling civilization from Ithaca/Varna/Dryden.
SteveNY, you are in the armpit that is upstate NY so of course houses are cheaper.:biggrin: On the upside the paint on the house will never fade since the sun only comes out about 3 days a year. And it's a least an hour to anything resembling civilization from Ithaca/Varna/Dryden.
wagyshag said:You hate our weather herethen move....
Believe me, If I could up and leave my job to move somewhere warmer, i would
I'm glad someone revived this thread. I love living in SoCal...grew up here and couldn't imagine living anywhere else (especially the weather).
Well, I'm just about to trade up from my "starter home", a townhouse my wife and I were fortunate enough to have purchased when the housing market was at a low (in the mid-1990s). We were only a couple years out of school when we moved in. I can't imagine recent graduates being able to afford our townhouse now.
Every day I'm reading articles about the housing bubble, declining sales, etc....and I'm reading just as many suggesting that California housing prices will likely stay steady if not continue to rise. I'm just crossing my fingers that I'm not making a mistake...not just the prices, but because my move will more than triple my commute time (from 10-15mins to 30mins-1hr). I ended up settling upon a place in Palos Verdes (so much for <A HREF=http://www.nsxprime.com/forums/showthread.php?p=550895#post241538>my post from Jan, 2004</a>...I didn't even get my 3 car garage). Of course, I wish I had actually purchased a place in 2004...would have saved me a good chunk of change!
I'm looking forward to owning an actual house. Living under a HOA can be such a pain.
Well, I'm just about to trade up from my "starter home", a townhouse my wife and I were fortunate enough to have purchased when the housing market was at a low (in the mid-1990s). We were only a couple years out of school when we moved in. I can't imagine recent graduates being able to afford our townhouse now.
Every day I'm reading articles about the housing bubble, declining sales, etc....and I'm reading just as many suggesting that California housing prices will likely stay steady if not continue to rise. I'm just crossing my fingers that I'm not making a mistake...not just the prices, but because my move will more than triple my commute time (from 10-15mins to 30mins-1hr). I ended up settling upon a place in Palos Verdes (so much for <A HREF=http://www.nsxprime.com/forums/showthread.php?p=550895#post241538>my post from Jan, 2004</a>...I didn't even get my 3 car garage). Of course, I wish I had actually purchased a place in 2004...would have saved me a good chunk of change!
I'm looking forward to owning an actual house. Living under a HOA can be such a pain.
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wagyshag said:You hate our weather here
and for those that brag about being in a warm climate year-round - big deal
some people actually do like snow and enjoy a variety of weather as the season's come and go.
Hating the weather is one thing but there are a lot more deciding factors such as job, family, school, finance, and others which govern one's decision. I lived in Baltimore for a few years to attend school and hated everyday of it winter and summer.
Yes, there are a lot of people who prefer snowless areas and this is no bragging. It is a choice and it often comes with a financial premium.
I like snow on the ski slopes and in pictures and that's about it. I certainly HATE snow on my car, on driveway, under my car, on the road, on the street, on the roof. I particularly hate walking on it, slipping and falling on it, getting hit by it when it slides down from the roof, and many other reasons.
Steve
I remember a story I heard about 2 years ago on NPR about a woman that lost her husband in 97 and then became too old to stay in her home alone so she put in on the market....the home was on like 1.5 acres and was 3000sqft her and her husband bought it in 1974 for 40k it was located somewhere between silicon valley and san fran.....the offer she accepted was 9.2 mil$....
that's some crazy equity..
I like it here in seattle never gets too hot or too cold and i can go sking within 30 mins of home!!..:biggrin:
that's some crazy equity..
I like it here in seattle never gets too hot or too cold and i can go sking within 30 mins of home!!..:biggrin:
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