Time for a little Celebration!
I’m the poster who occasionally asks questions about San Diego. Here’s the current status of our “Retire Where” plan: We live in the soon-to-be-frozen upper Midwest. And our house will soon be paid off. We just this past week closed on a condo in the downtown area of San Diego (East Village neighborhood). Home shopping long distance via Internet, but with a local SD realtor, is not exactly ideal, but our daughter lives, works, and rents in the area too. And we’ve made a few in-person trips.
It’s a complicated market in SD right now. The banks are sitting on an inventory of foreclosed properties and dribbling them into the market to keep an artificially high demand—a good strategy, I suppose, from their point of view, but I wonder how long they can afford to do that. Anyway, we think/hope we’re buying near the bottom of the market cycle. Our daughter will live in the condo (rent from us and rent the other bedroom) for perhaps three years before we retire (yay!), sell our house here, and make the big move. Can you tell we’re a bit excited? Thanks for all the Retire Where threads, discussions, and tips. This is a great group!
It’s a complicated market in SD right now. The banks are sitting on an inventory of foreclosed properties and dribbling them into the market to keep an artificially high demand—a good strategy, I suppose, from their point of view, but I wonder how long they can afford to do that. Anyway, we think/hope we’re buying near the bottom of the market cycle. Our daughter will live in the condo (rent from us and rent the other bedroom) for perhaps three years before we retire (yay!), sell our house here, and make the big move. Can you tell we’re a bit excited? Thanks for all the Retire Where threads, discussions, and tips. This is a great group!
