All Forum Posts by: Lisa Taylor

Thank you all for your comments/feedback! I really don't know what to do and maybe that's my answer... I certainly appreciate your help =)

@Fyzl Atmar Thank you Fyzl!! Ya, i think i just can't get over the price tag and mortgage cost. This is way more stress than i ever imagined.

@Fyzl Atmar The complex is escala near Qualcomm...so 10 mins to downtown and 10 mins to the beach with shopping/retail everywhere. i actually live there now (and rent) and i love it. From what I've seen of the market (and we all know how analytical i am), it is the best san diego neighborhood for the price and location (centrally located)...what are your thoughts? I feel the HOA is high, but then when i compare it to bad neighborhoods with ugly housing, their HOAs are even higher!

@Ron Drake Thank you for your response! =) The $1300 is actually just my portion. Our apartment is $2600, which is actually low for San Diego. My portion would double, but still it's a jump. Actually, she would be moving in with me for a year at the new place so at least I'd have half of it paid for a year.

Hi there! I am looking to buy my first home and I'm more than terrified. I'm 28, female and live in San Diego, CA. My parents have been pushing me to buy a home for years and I just haven't been ready. I pay $1300 in rent and have to share an apartment with a roommate. I'm so ready to be on my own or just be in a house (with a garage)...something I haven't had since living at home 11 years ago. I make between $130-240,000 a year (very thankful for a great job) and have a ton of savings. The home i put an offer on is centrally located and the nicest, most popular community in San Diego. It is very easy to rent those homes (if i ever needed to). The housing price is $525,000. I am putting 25% down at a 3.25% interest rate so my mortgage with HOA of $334, insurance, and property taxes will be about $2640. The house is a 3 bedroom, 1400 sq ft condo, fairly new so not much I'd need to do. I've studied this SD market for 7 months and this is the proper market value for this home. However, I'm concerned. I don't know what i'm doing and i'm terrified. All I see are dollar signs and I feel like i can't breathe. Is this a huge mistake? I know interest rates are as low as they've ever been so at least I have that going for me. I've heard they will be going up soon (prob after election). I don't know where the market is headed so i'm worried i'll end up losing money as we are at the height of the market (sellers market). Is this too much money to be spending on a first home? I at least know i could always rent the place for more than the mortgage if I needed to. I would also have plenty of savings in the bank for just in case reasons. I just seem to be so unsure and so scared. My parents are all for it and everyone I know (CPA, FA, etc), but I am just having such a hard time with the money this costs. I need some 3rd party opinions. Is half a million dollars just way too much for a first home? Keep in mind...this is San Diego...things are not cheaper than that for the good areas. Would I be better off waiting a few years until my boyfriend and I get married and buy something together? I'm worried the market could be so high then that we couldn't afford anything...Any thoughts/opinions would be so helpful!! Thank you!!! =)