Goodbye to San Diego

User Forum Topic
Submitted by EconProf on February 22, 2021 - 2:26am

After 45 years in San Diego as teacher, real estate investor, and contractor we are leaving. Apparently, so are a lot of other people. The cost of living, and especially the housing cost difference is one of the many reasons, and here are the specifics:
1. Our brand new custom-designed house will cost about 1/3 the price we are getting for our current house and be 10% larger, all on one level.
2. Our HOA will fall from $495/month to about $100. For that HOA we will be a two-block walk from a clubhouse with an exercise room, two pools (one summer, one winter), tennis courts, pickleball courts, etc., etc.
3. Our property taxes will fall from $16,500 per year to about $3000.
4. Monthly utility costs will be vastly lower.

Piggs are invited to guess our destination.

‹ Should we stay or should we go? Small Boost in Cal housing prices: homestead exemption increased from 75k to 600k ›

Horrible example. That is a
Submitted by sdrealtor on April 2, 2021 - 4:19pm.

Horrible example. That is a house in poor condition and lousy location listed too low. Houses like that which were 350ish in 1997 and now in decent condition are 1.6 ish today maybe more. Stick to what you know

Better example. This house
Submitted by sdrealtor on April 2, 2021 - 4:34pm.

Better example. This house twenty years ago around 400k is a completely different and re built home now.

https://www.redfin.com/CA/San-Diego/2636...

A house in CV was nearly' new twenty years ago and substantially the same today

Here's one in Encintas from twenty years ago and substantially the same house today. No gentrification here, I live nearby and it's substantially the same neighborhood as it was then

https://www.redfin.com/CA/Encinitas/1804...

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