Our family loves it here (activities, schools, people, etc.) but can’t afford to buy a home :/. Even if prices come down, I’d have to spend 700k on a fixer and still have to spend more to fix it lol. I have a family member who lives in a smaller affordable town in California. Schools are okay, not many activities, you have to drive 15-30 mins to get to shopping, groceries, etc. But I can buy a beautiful move-in ready home, with yard, space for kids, closer to family, etc. What would you do?

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As someone who works in the Mortgage industry, I would not buy a home in San Diego. It's too expensive for what you get, and the property taxes are really high. Add an HOA or a new construction with Mello Roos. You're going to have a big nut every month. You could continue to wait, as some analysts are stating we're in for more price drops. Alternatively, you could look at new construction as builders are hurting, and that's driving down prices, and they are increasing incentives. However, you'll run into HOAs and Mello Roos. For $700k, that's a condo or an attached single family. I've seen people do it, but it can take awhile, so know you are in it for the long haul.

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Thank you so much for all the info, very helpful 🙏🏽

Only you can really answer that question. You have to figure out what matters most to you. Maybe list out your priorities in order, or do a list of pros/cons to help you get it all on paper and think it through. Personally, I'd prefer to own my own home (especially one as nice as the one you've described) and make the sacrifice of driving 15-30 minutes to get what I need. But again, that's MY preference. You have to figure out what yours is. Good luck!

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Agreed. I’m currently trying to work this out in my head…my main goal is to do the right thing for the kids.

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