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Originally Posted by lloyd
i think $350,000 on the max, but would rather pay less as this is my first place i'll be owning, though socal doesnt seem to have anything more than a shack for less than $300,000. i work from home so i really just want to live near the water but my gf will be working probably downtown at some office so couldnt be too far a commute. We're both used to living in condo's so tahts preferable to a house. if you could do that i'd very much appreciate it, thanks.
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Ok, that helps, but I'm a bit confused, are you looking to rent right away or buy? Does your gf know she will be working downtown? San Diego is a bit different in that the downtown isn't necessarily where everyone works, so odds are she won't be working downtown unless she has already secured a job. You can find a decent 1 bd condo for 300k, but its going to be at least 10 miles inland from the coast.
San Diego currently has a large number of condo conversions going on where apt complexes are converting to condos and selling them. They are a bit smaller than regular condos and you still have the apt feel, but its a great way to buy and get a decent deal. There's also a little known city aided program that knocks like 20% of your rent if you say you make under something like 42k. Most all apt complexes have certain apts allocated for this program, its just a matter if something is available.
If you're only looking to rent for a little while before buying, be careful not to get locked into a 12 mo lease because of the great deal. It can cost you quite a bit to get out of it if you decide to buy before your lease is up.