With the recent price correction in real estate market, there are plenty of good value real estate properties that are available in the market today. One might think this will be strong motivation for everybody with the financial capability to buy up the real estate properties. Many people do so, purchasing the property as their primary residence or as investment properties. However, there are people who will never own their own properties, even when they are financially capable to do so.
Since the peak of the housing bubble in California (2005-2006), and specifically in the San Diego county area, the prices of properties have come down anywhere from 20-40% off the peak values. The downturn is pretty significant as the whole economy is pulled down to its lowest level in many years. As the bad loans were not being paid, banks are experiencing great losses un-seen before. The economic disaster is unavoidable given the poor banking regulations, and the individuals' greed hoping to cash in on the market boom. As the banking regulations tighten, the market situation is slowly improving. The 30 year mortgage rate remains lowest in many years, with rate as low as 5% for conventional loans.
While it may seems that this is a good time to buy your own property, not every body with financial capability will do so. First of all, owning a piece of real property requires a lot more commitment compared to renting. It's fairly easy to rent an apartment, condominium, or even a single family home, provided that one has the financial means to pay for the monthly rent. Lease contract can be a month to month basis, up to a yearly contract. There is no need to worry about home maintenance, buying home insurance, paying HOA fees, paying real estate tax, etc. You just live in your rental property, pay the rent when its due, call the landlord when service/maintenance is required. And if you don't like the place you are living in, or want to move to other place due to jobs or any other reasons, you could just wait out till the contract ends, or in some cases, before the contract ends, with some penalty payment. Secondly, to rent a place, does not require you come up with lots of money, like buying a home. Usually a first month rent and a last month deposit will do. Compare that with tens of thousands of dollars needed for down payment to a house and closing cost fees. Also, with renting, there is not a whole lot of risk involved. The worst that a person can loose is the last month deposit for some damages incurred. While a home owner has lots more risk such as loss of home from natural or man made disasters, loss of property values, ability to pay for mortgage and/or real estate tax, etc.
That's right home ownership is not for every one. Not when you have to deal with so much responsibilities and risks. Why not just rent your entire life. There are people who do that. But, if you like to have a place of your own, have more privacy, and invest your money in real estate, have your own yard with the flowers and trees of your choice, have more permanency and stability in life, then home ownership if for you. Never mind all the hassles with owning a home, that's little price to pay for what will be the best decision you make in your life (assuming you purchase the property that meets your needs and at the right price). Property values in San Diego county has over time proven to rise steadily in the long run, easily outpacing inflation, and other investment instruments. The same can not be said of other region in the country. In california, especially near the coastal region, the population is steadily increasing with people moving to this areas from other states, immigrants from other countries seeking better jobs, life and opportunities, older folks retiring from colder region. In addition to the influx of people to the state, the state, county and municipality authorities have managed development very well. Instead of building sprawling cities with ever expanding boundaries, these government entities have managed to limit such large scale development that are not sustainable. This is even more so in San Diego county with its limited resource, natural or man made. Water has to be piped in from the colorado river or nothern california. New schools, roads, hospitals, and other basic infrastructure needs to be built. These limited resources, puts a damper on the large scale development. As a result of that, the demand of housing always surpass that of the supply of available housing. This leads to the every increasing real estate property values in San Diego county.
I hope this article has shed some light about the benefits and disadvantage of owning real property in San Diego county. I will be more than happy to discuss the real estate situation in San Diego. Feel free to call me or send me an email. There is absolutely no obligation on your part.
隨著最近的價格調整房地產市場，有很多很好的房地產價值是可以在市場上今天。有人可能認為這將是強大的動力與每個人的財務能力購買了房地產。許多人這樣做，購買物業作為其主要住所或 投資屬性。然而，有些人誰不會擁有自己的財產，即使他們有經濟能力這樣做。
由於在繁忙的房地產泡沫在加利福尼亞州（2005-2006年），以及特別是在圣迭戈縣方面，物業價格下調 20-40％來自任何地方起飛的高峰值。經濟衰退是非常重要的，因為整個經濟被拉下的最低水平，在許多年。由於不良貸款沒有得到支付，銀行正在經歷巨大的損失未見過的。經濟災難是不可避免的給窮人的銀行規定，個人的貪婪，希望以現金投入了市場的繁榮。由於銀行收緊法規，市場情況正在慢慢改善。 30年期抵押貸款利率仍然是多年來最低的，與率低至5％的常規貸款。
雖然它可能似乎這是一個好時機購買自己的房產，並不是每個機構，財務能力將這樣做。首先，擁有一塊不動產，需要有更多的承諾相比，租賃。這是很容易租公寓，公寓，甚至是單個家庭住宅，只要一有經濟能力支付每月租金。房屋租賃合同可以是每月的基礎上，由每年的合同。沒有必要擔心家居維修，購買家庭保險，支付性骨費用，繳納房產稅，只等你住在你的出租房產，支付租金時，應有的，要求業主在服務 /維修是必要的。如果你不喜歡你的地方居住，或想要移動到其他地方，由於工作或其他原因，你可以只等到等到合同到期，或在某些情況下，在合同到期之前，與一些付款。其罰款次，租一個地方，並不需要你拿出很多錢，如買房子。通常是第一個月的租金，上個月存款就可以了。相比之下，與成千上萬的美元需要支付定金，房子和關閉的成本費用。另外，在出租，沒有一大堆的風險。最糟糕的一個人可以是鬆散的存款上月發生的一些損失。雖然房主有很多更大的風險，如喪失家庭的自然或人為災害，財產損失的價值，有能力支付抵押貸款和/或房地產稅等
這是自置居所的權利是不是每一個人。當你有沒有處理這麼多的責任和風險。為什麼不租你的整個生活。有些人誰這樣做。但是，如果你想有一個自己的位置，有更多的隱私，你的錢投資房地產，有自己的院子的花草樹木您選擇，有更多的永久性和穩定的生活，那麼，如果置業為您。沒關係的麻煩與所有擁有一個家，那是什麼代價，什麼是最好的決定，你在你的生活（假設您購買的財產，以滿足您的需求，在合適的價格）。物業價格在聖地亞哥縣隨著時間的推移證明穩步上升，長遠來說，大大高於通貨膨脹和其他投資工具。同樣不能說其他地區的國家。在加利福尼亞州，特別是靠近沿海地區的人口不斷增加的人口移居到這一地區其他國家，移民來自其他國家的更好的尋求工作，生活和機會，退休的老傢伙從寒冷的地區。除了湧入人民對國家，州，縣和市當局管理的發展非常好。而是擴張城市建設與不斷擴展的邊界，這些政府機構已成功地限制了這種大規模的發展是不可持續的。這是更是如此聖地亞哥縣以其有限的資源，自然的或人為的。水管道必須在從科羅拉多河和北加州。新的學校，道路，醫院和其他基礎設施需要建設。這些有限的資源，放在一阻尼器在大尺度上的發展。結果這一情況，住房總需求超過了供應的現有住房。這導致每增加房地產價格在聖地亞哥縣。
我希望這篇文章中披露了一些輕帶來的好處和缺點擁有不動產聖地亞哥縣。我將樂意討論房地產形勢在圣迭戈舉行。請隨時給我打電話，或者給我發送電子郵件。絕對沒有義務對您的電腦。
Since the peak of the housing bubble in California (2005-2006), and specifically in the San Diego county area, the prices of properties have come down anywhere from 20-40% off the peak values. The downturn is pretty significant as the whole economy is pulled down to its lowest level in many years. As the bad loans were not being paid, banks are experiencing great losses un-seen before. The economic disaster is unavoidable given the poor banking regulations, and the individuals' greed hoping to cash in on the market boom. As the banking regulations tighten, the market situation is slowly improving. The 30 year mortgage rate remains lowest in many years, with rate as low as 5% for conventional loans.
While it may seems that this is a good time to buy your own property, not every body with financial capability will do so. First of all, owning a piece of real property requires a lot more commitment compared to renting. It's fairly easy to rent an apartment, condominium, or even a single family home, provided that one has the financial means to pay for the monthly rent. Lease contract can be a month to month basis, up to a yearly contract. There is no need to worry about home maintenance, buying home insurance, paying HOA fees, paying real estate tax, etc. You just live in your rental property, pay the rent when its due, call the landlord when service/maintenance is required. And if you don't like the place you are living in, or want to move to other place due to jobs or any other reasons, you could just wait out till the contract ends, or in some cases, before the contract ends, with some penalty payment. Secondly, to rent a place, does not require you come up with lots of money, like buying a home. Usually a first month rent and a last month deposit will do. Compare that with tens of thousands of dollars needed for down payment to a house and closing cost fees. Also, with renting, there is not a whole lot of risk involved. The worst that a person can loose is the last month deposit for some damages incurred. While a home owner has lots more risk such as loss of home from natural or man made disasters, loss of property values, ability to pay for mortgage and/or real estate tax, etc.
That's right home ownership is not for every one. Not when you have to deal with so much responsibilities and risks. Why not just rent your entire life. There are people who do that. But, if you like to have a place of your own, have more privacy, and invest your money in real estate, have your own yard with the flowers and trees of your choice, have more permanency and stability in life, then home ownership if for you. Never mind all the hassles with owning a home, that's little price to pay for what will be the best decision you make in your life (assuming you purchase the property that meets your needs and at the right price). Property values in San Diego county has over time proven to rise steadily in the long run, easily outpacing inflation, and other investment instruments. The same can not be said of other region in the country. In california, especially near the coastal region, the population is steadily increasing with people moving to this areas from other states, immigrants from other countries seeking better jobs, life and opportunities, older folks retiring from colder region. In addition to the influx of people to the state, the state, county and municipality authorities have managed development very well. Instead of building sprawling cities with ever expanding boundaries, these government entities have managed to limit such large scale development that are not sustainable. This is even more so in San Diego county with its limited resource, natural or man made. Water has to be piped in from the colorado river or nothern california. New schools, roads, hospitals, and other basic infrastructure needs to be built. These limited resources, puts a damper on the large scale development. As a result of that, the demand of housing always surpass that of the supply of available housing. This leads to the every increasing real estate property values in San Diego county.
I hope this article has shed some light about the benefits and disadvantage of owning real property in San Diego county. I will be more than happy to discuss the real estate situation in San Diego. Feel free to call me or send me an email. There is absolutely no obligation on your part.
隨著最近的價格調整房地產市場，有很多很好的房地產價值是可以在市場上今天。有人可能認為這將是強大的動力與每個人的財務能力購買了房地產。許多人這樣做，購買物業作為其主要住所或 投資屬性。然而，有些人誰不會擁有自己的財產，即使他們有經濟能力這樣做。
由於在繁忙的房地產泡沫在加利福尼亞州（2005-2006年），以及特別是在圣迭戈縣方面，物業價格下調 20-40％來自任何地方起飛的高峰值。經濟衰退是非常重要的，因為整個經濟被拉下的最低水平，在許多年。由於不良貸款沒有得到支付，銀行正在經歷巨大的損失未見過的。經濟災難是不可避免的給窮人的銀行規定，個人的貪婪，希望以現金投入了市場的繁榮。由於銀行收緊法規，市場情況正在慢慢改善。 30年期抵押貸款利率仍然是多年來最低的，與率低至5％的常規貸款。
雖然它可能似乎這是一個好時機購買自己的房產，並不是每個機構，財務能力將這樣做。首先，擁有一塊不動產，需要有更多的承諾相比，租賃。這是很容易租公寓，公寓，甚至是單個家庭住宅，只要一有經濟能力支付每月租金。房屋租賃合同可以是每月的基礎上，由每年的合同。沒有必要擔心家居維修，購買家庭保險，支付性骨費用，繳納房產稅，只等你住在你的出租房產，支付租金時，應有的，要求業主在服務 /維修是必要的。如果你不喜歡你的地方居住，或想要移動到其他地方，由於工作或其他原因，你可以只等到等到合同到期，或在某些情況下，在合同到期之前，與一些付款。其罰款次，租一個地方，並不需要你拿出很多錢，如買房子。通常是第一個月的租金，上個月存款就可以了。相比之下，與成千上萬的美元需要支付定金，房子和關閉的成本費用。另外，在出租，沒有一大堆的風險。最糟糕的一個人可以是鬆散的存款上月發生的一些損失。雖然房主有很多更大的風險，如喪失家庭的自然或人為災害，財產損失的價值，有能力支付抵押貸款和/或房地產稅等
這是自置居所的權利是不是每一個人。當你有沒有處理這麼多的責任和風險。為什麼不租你的整個生活。有些人誰這樣做。但是，如果你想有一個自己的位置，有更多的隱私，你的錢投資房地產，有自己的院子的花草樹木您選擇，有更多的永久性和穩定的生活，那麼，如果置業為您。沒關係的麻煩與所有擁有一個家，那是什麼代價，什麼是最好的決定，你在你的生活（假設您購買的財產，以滿足您的需求，在合適的價格）。物業價格在聖地亞哥縣隨著時間的推移證明穩步上升，長遠來說，大大高於通貨膨脹和其他投資工具。同樣不能說其他地區的國家。在加利福尼亞州，特別是靠近沿海地區的人口不斷增加的人口移居到這一地區其他國家，移民來自其他國家的更好的尋求工作，生活和機會，退休的老傢伙從寒冷的地區。除了湧入人民對國家，州，縣和市當局管理的發展非常好。而是擴張城市建設與不斷擴展的邊界，這些政府機構已成功地限制了這種大規模的發展是不可持續的。這是更是如此聖地亞哥縣以其有限的資源，自然的或人為的。水管道必須在從科羅拉多河和北加州。新的學校，道路，醫院和其他基礎設施需要建設。這些有限的資源，放在一阻尼器在大尺度上的發展。結果這一情況，住房總需求超過了供應的現有住房。這導致每增加房地產價格在聖地亞哥縣。
我希望這篇文章中披露了一些輕帶來的好處和缺點擁有不動產聖地亞哥縣。我將樂意討論房地產形勢在圣迭戈舉行。請隨時給我打電話，或者給我發送電子郵件。絕對沒有義務對您的電腦。
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