Author Topic: Here's a new option, stay in your car.  (Read 518 times)

Offline chocolateshake

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Re: Here's a new option, stay in your car.
« Reply #15 on: March 13, 2019, 02:31:40 PM »
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We have my dad in a tiny 650 sq ft condo in Pacific Beach, about 5 blocks from the ocean.  We paid $405k.  Ouch.

In San Francisco a condo like that in a similar neighborhood is closer to $1.5M.


Offline chocolateshake

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Re: Here's a new option, stay in your car.
« Reply #16 on: March 13, 2019, 02:39:36 PM »
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There are some nice luxary shacks (condos) in Mission Valley.  Thought about picking up a 2bed/2bsth as an investment.

Factor global warming into that decision.  Even when it lightly rains, parts of Mission and Fashion Valley are flooded.  Both are built on the San Diego river.  Historically, it was more like the San Diego dry river bed.  It's not dry anymore.  If there's appreciably sea level rise, much of that will be underwater.

Sea level rise isn't something for the far future.  It's here.  Imperial Beach is already getting swamped on king tides.  The city announced a plan to relocate the city further inland which upset the residents who's land would be underwater.  So the city is back to defending against the sea.  It's a fight they will lose.

Online TardisMom

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Re: Here's a new option, stay in your car.
« Reply #17 on: March 13, 2019, 08:47:17 PM »
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In San Francisco a condo like that in a similar neighborhood is closer to $1.5M.

Triple OUCH!!

Offline geek_girlie

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Re: Here's a new option, stay in your car.
« Reply #18 on: March 14, 2019, 09:38:18 AM »
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In San Francisco a condo like that in a similar neighborhood is closer to $1.5M.

I can totally empathize living in the DC Metro area myself. However, I do no that it is much, much worse in San Francisco!!  :(

Offline perc2100

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Re: Here's a new option, stay in your car.
« Reply #19 on: March 14, 2019, 11:12:22 AM »
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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.   ???

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. 
* my parents live in an upper-class suburb in Columbus, OH very similar to Poway district area.  They have an acre of land in a 4 bedroom/3 full + 1 half bath probably around 5k square feet and when they retire in a year they'll likely be able to sell their house for a little over $300k (which is good for that area).  Crazy.
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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.
Part of the problem, especially in San Diego, is there is a significant housing shortage (note: pretty sure this is the same in all the major CA cities), and in far less than a decade I think we'll have a lot more families than housing units.  SD is working on that, but there are still going to be problems with housing.  The shortage means rentals and 'starter homes' are at a huge premium (supply/demand) and thus hard for families to afford.  I think a one bedrooms/one bath in my complex would still be pushing $300k nowadays which seems insane: any my mortgage is similar/LESS than what some of our neighbors are paying to RENT a 2 bedroom/2 bath unit!

Offline FBS

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Re: Here's a new option, stay in your car.
« Reply #20 on: March 14, 2019, 11:27:04 AM »
Whenever me and the better half have stayed in SD the days after comic con we've always looked at the houses for sale in the agents windows.
Even with the great UK to US exchange rate we would be living in a 1 bedroom apartment if we sold our house here in the UK.
It really did shock me as to how high the prices are.

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Offline Angel_

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Re: Here's a new option, stay in your car.
« Reply #21 on: March 14, 2019, 12:30:52 PM »
All this price talk makes me cry.  I live in Hawaii.  A two bedroom condo is over a million dollars.   :-[

I currently pay $1300 a month for a a 150 square foot studio apartment. 
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Offline vegasndn

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Re: Here's a new option, stay in your car.
« Reply #22 on: March 14, 2019, 04:01:07 PM »
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.


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Offline f22raptor

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Re: Here's a new option, stay in your car.
« Reply #23 on: March 14, 2019, 04:04:47 PM »
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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.


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Viva Las Vegas!!!