Right now I am extremely excited! I'm sorry that you all have been bombarded with housing posts but that's what's been on my mind these days and it's what I've been saving rigorously for. Today after work, BF and I will be heading to Navy Fed (BF works for a navy contractor) to get pre-approved for a condo.
We actually had a broker, a family friend, find us some rates but we want to see what else is out there. This condo will be our first place but it will be an investment property. This area is insanely convenient to everything in SD, close to downtown, across from malls/shopping/eating, minutes away from the trolley and in the heart of the city. We think it's perfect! The rental rates average $1,700/mo and our monthly mortgage payment would be around $1,200 or less with the FHA loan. I can honestly say this is the first time I've been head over heels in love with a condo after seeing many in different areas, and the price is right at a list price of $180,000. Of course it's a short sale so I'm not sure if the bank will approve of our offer but it's in our budget. The amenities are great - pool, spa, underground parking for 2, wifi, fitness center - perfect for college students, families or young professionals, which this area has an abundance of. Even if we don't get this particular unit, I will definitely wait for another one in this complex.