3 Causes Not To Use The San Diego Housing Fee in 2024 | 2025

(Please word: Under is a (not so nice) phrase for phrase transcription)

Hey, what is going on on?

It is Scott Taylor, with sandiegorealestatehunter.com.

Licensed on this in state of California, for each actual property and mortgages, with an emphasis on San Diego.

Now, you’re watching this in San Diego and issues are costly. You’re seeing condos, townhomes, houses; very costly in San Diego.

READ: 6 Causes San Diego is California’s #1 Actual Property Purchase in 2024 | 2025

Let’s be trustworthy, the common median revenue of a household of 4 is one thing round seven, 9 thousand {dollars} per yr.

You go surfing, you search issues like first time residence purchaser or down cost help or closing price help, you come to web sites like, the San Diego Housing fee or my web site, sandiegorealestatehunter.com.

And also you’re studying all these articles and also you’re questioning, “what I do?” and also you begin studying the San Diego Housing Fee one.

And also you’re like, “properly, my revenue is over that, however possibly I am not a primary time residence purchaser, possibly I do not need to dwell in these zip codes.”

So, I needed to create a video.

Three explanation why you shouldn’t use the San Diego Housing fee.

That is what I stated,

Three explanation why you shouldn’t use them.

Watch till the top and I am going to tie all of it collectively.

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Quantity (1) In case you gone to the web site or seen this system or my web site, we lay out this system.

The typical medium revenue for a household of 4, is one thing round seven, 9 thousand {dollars} per yr.

Now, you may go as much as about eighty % of that, which is about seventy two thousand {dollars} per yr.

So, quantity (1),

In case you make over that, this system is out.

Quantity (2) Even in case you’re in that cash class, that is about six thousand a month which you can show.

If we will go to 45 or fifty % debt revenue ratio, twenty 5 hundred or three thousand {dollars} per thirty days, if we have a look at your credit score report and we add up all of your money owed and your future home cost,

Guess what?

You may not have the ability to purchase something in San Diego anyhow, which leads me to quantity two.

Its zip code particular, it says it on their web site, the zip codes that you can dwell in.

So, what [inaudible 00:02:15],

what in case you do not need to dwell in these zip code, proper?

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What if you wish to dwell the place ever you need to dwell?

You don’t need to be steered in any course of the place it is best to need to dwell, proper?

It’s best to select the place you need to dwell, which brings me to quantity three. 

What in case your revenue is over that?

What if you wish to dwell outdoors these zip codes?

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I am going to inform you, there’s state of the California applications, the place you may dwell wherever within the state, however since that is for San Diego; wherever in San Diego that you really want, they aren’t zip code particular, quantity (1).

Quantity (3), in case you make over that quantity, you can also make as much as 100 and fifty eight thousand {dollars} per yr or much less.

That’s like 13 thousand, 200 {dollars} per thirty days, that we will show over two or three years.

That is much more revenue, that is over double the San Diego Housing fee, primary and you may dwell wherever in San Diego, quantity two.

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And there are additionally applications just like the platinum program, the place you don’t need to be a primary time homebuyer.