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There are some nice luxary shacks (condos) in Mission Valley. Thought about picking up a 2bed/2bsth as an investment.
In San Francisco a condo like that in a similar neighborhood is closer to $1.5M.
I remember my first comic con, where I asked the taxi driver about housing costs and he sighed, " I paid $400,000 for my house and I live in a shack!". At the time I thought he was joking. He was not.
Same. The housing situation is out of control in California. I don't know what it's like in the rest of the country. People with middle class jobs living on the street and in their cars is a common sight here in California. They can no longer afford housing. That's not sustainable.
Come to Las Vegas, a lot of Californians have moved here and to Arizona. We bought 2k sq ft house w/ pool near southpoint casino for 265k a few years ago. This area is growing and prices are going up, yes it’s hot during the summer but from fall to spring it’s nice. Plus you can still drive to comic con. Sent from my iPhone using Tapatalk Pro
I admit I was a bit shocked at the official approval of living in a car/van, but after looking at housing prices...I feel your pain.
We have my dad in a tiny 650 sq ft condo in Pacific Beach, about 5 blocks from the ocean. We paid $405k. Ouch.
For reference:* 15 years ago, right before the housing crash, my wife and I bought a 2 bedrooms/2 bath 1100 square foot condo in Poway Unified school district (where I teach and where she taught at the time; one of the best districts in SD county) for around $300,000. Now if we sold it we'd get around $400,000.
Honestly, that price made me do a double take not because it seems expensive, but because it seems like such an incredible bargain especially for a 2br. I'm also really surprised that things haven't gone up that much in 15 years, although I guess there was a bubble or two in between that. But I admit that my perspective is horribly skewed being in the Bay Area, where it's not just SF city, but literally EVERYTHING within a 1 hour radius is $1 MILLION minimum. The entire peninsula, all of San Jose, most of the inner East Bay, etc...I know this is the most expensive part of CA (and the country) but I didn't realize that other desirable parts of CA were that much cheaper. At one point my well-intentioned parents suggested I move out to a suburb where things are cheaper. LOL, it doesn't work that way here (and in fact, many of the suburbs are a lot more expensive.)
Honestly, that price made me do a double take not because it seems expensive, but because it seems like such an incredible bargain especially for a 2br. I'm also really surprised that things haven't gone up that much in 15 years, although I guess there was a bubble or two in between that. But I admit that my perspective is horribly skewed being in the Bay Area, where it's not just SF city, but literally EVERYTHING within a 1 hour radius is $1 MILLION minimum. The entire peninsula, all of San Jose, most of the inner East Bay, etc...I know this is the most expensive part of CA (and the country) but I didn't realize that other desirable parts of CA were that much cheaper.