Jan 16, 2010
Key Shifts In San Diego County Demographic Patterns – Real Estate Implications
On August 15, 2006, the US Census Bureau released its annual statistics for various communities. The data for San Diego County revealed some significant shifts from 2000 to 2005 in terms of the total population in San Diego, the percentage of males to females, percentage of people at various ages, and the racial composition of the County.
POPULATION SHIFTS
Total Population = 2,813,833 (CY 2000) vs. 2,824,259 (CY 2005) = 0.4% increase
Of the total population, there were shifts in the percentage of males to females.
Males = 1,415,097 (CY 2000) vs. 1,400,199 (CY 2005) = 1.1% decline.
Females = 1,398,736 (CY 2000) vs. 1,424,060 (CY 2005) = 1.8% increase.
AGE CHANGES
The percentage of people at various age also changed during this time period.
Median Age = 33.2 years (CY 2000) vs. 34.4 years (CY 2005) = 3.6% increase.
Population Under 5 Years of Age = 198,621 (CY 2000) vs. 221,575 (CY 2005) = 11.6% increase.
Population Under 18 Years of Age = 2,090,172 (CY 2000) vs. 2,067,282 (CY 2005) = 1.1% decline.
Population 65 or Older = 313,750 (CY 2000) vs. 310,836 (CY 2005) = 0.9% decline.
RACIAL COMPOSITION
Of individuals who defined themselves as belonging to one-race, the following statistics were provided:
Total Number of “One-Race” Individuals = 2,681,866 (CY 2000) vs. 2,730,721 (CY 2005) = 1.8% increase.
Individuals who defined themselves as belonging to one-race, were further categorized as follows:
White = 1,871,839 (CY 2000) vs. 1,927,166 (CY 2005) = 3% increase.
Black or African American = 161,480 (CY 2000) vs. 140,181 (CY 2005) = 13.2% decrease.
American Indian and Alaska Native = 24,337 (CY 2000) vs. 19,902 (CY 2005) = 18.2% decrease
Asian = 249,802 (CY 2000) vs. 295,926 (CY 2005) = 18.5% increase
Native Hawaiian and Other Pacific Islander = 13,561 (CY 2000) vs. 12,704 (CY 2005) = 6.3% decline.
Other Race = 360,847 (CY 2000) vs. 334,842 (CY 2005) = 7.2% decline.
Of those individuals who defined themselves as belonging to “two-races”, the following statistics were provided:
Total, Two -Race Individuals = 131,967 (CY 2000) vs. 93,538 (CY 2005) = 29.1% decline.
Hispanic or Latino (of any race) = 750,965 (CY 2000) vs. 843,901 (CY 2005) = 12.4% increase.
SHIFTS IN HOUSEHOLD CHARACTERISTICS
Total Household Population = 2,716,820 (CY 2000) vs. 2,824,259 (CY 2005) = 4% increase.
Average Household Size = 2.73 (CY 2000) vs. 2.71 (CY 2005) = 0.7% decrease.
Average family size = 3.29 (CY 2000) vs. 3.33 (CY 2005) = 1.2% increase.
IMPLICATIONS FOR SAN DIEGO REAL ESTATE
If you are interested in buying San Diego real estate, homes, condos or townhouses for sale, then the above information may be useful to you. The information above can help you understand demographic and population shifts that impact supply, demand, and price of real estate and homes for sale in San Diego.
San Diego is one of the most popular areas in the Country because of its moderate climate. In fact, the year-around average weather in San Diego is around 70 degrees Fahrenheit.
San Diego real estate is also popular because of its proximity to the Pacific Ocean, mountains and the US-Mexico border. Bordered by Orange County and Riverside County to the north, and the Mexico to the south, San Diego real estate has hundreds of beachfront properties for sale.
San Diego is the sixth most populated County in the Nation. With this many people, buying real estate in San Diego can be a competitive process depending on the supply and demand of real estate and homes for sale at a particular time.
While interest rates are still relatively low and supply relatively high, buyers at this time may find San Diego real estate a good value.
Those who purchase San Diego real estate enjoy year-around perfect weather, easy access to the Mexico border, a thriving job market, and the pleasures of living close to an ocean.
Whether you are interested in boating, fishing, golfing, tennis or other hobbies, residents and visitors who own San Diego real estate have access to all these activities and more.
Please visit the Census Bureau’s web site for detailed demographic information about San Diego County. The Census Bureau provides key statistics for various communities in its annual American Community Survey (ACS) report.
Watch the video related to buying real estate
www.innerbrisbanerealestate.com – Cherryl Bright ,a Brisbane Real Estate, tells us her experience as a real estate agent and can help you with selling or buying real estate in Brisbane. For more info visit. http
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Has anyone tried the Equinaire approach to buying real Estate?
Equinaire is a California company that teaches you how to buy real estate using the equity in your home.
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Well first and foremost you need to come up with the money. Here are some ways. . . . This is the biggest challenge and where most people give up on the whole idea. . . .
1. Get a mortgage http://www.jeremydrobeck.com
2. Ask friends & family to lend you the money
3. save up the $$$
4. withdraw from a 401k
5. move the money to a self directed IRA and then use the the IRA to buy property
6. personal loan
7. Get a peer to peer loan online.
YES ,
I make about 60K a yr in rent on an avrage of 6 homes
Its not all proffet. I try to make at least 200.00 a month more than the MTG , INS, & Taxes The longer U own it the the smaler the MTG Payment ,The ins & tax goes up And tennants Move out etc. Long Turm is ok Property Values aventuly go UP and then U can Cash in eather sell it Keep it for income / retierment
Good Luck
Hi Paul I was wondering can you get me a loan specialist on the FHA 203k rehab loan and the repo loan for ohio and detroit? and get me a list of properties the qualify in both cities
Hi
I am a real estate agent in Los Angeles Ca.
If you can help me where to find those banks notes .
Where do I need to start?
I thank you/
I don't know what you mean by savings. The mortgage interest and property taxes are deducted on schedule A as you already know. That helps to reduce the amount of tax you owe at the end of the year. (if you would have owed any). I guess what you are asking is how much each paycheck will you save in federal income tax??
To figure that out you have to know how much interest per year your mortgage will be and how much property tax your house will be charged.
After you know those answers you can divide the total by the number of paychecks you receive a year and then have your employer reduce your federal witholding by that amount.
No.
But anyone who tells you at your level of experience and knowledge to go in debt to invest and buy real estate by using your home as security is doing you a disservice, especially as roller coaster natured as California real estate is. There will even be someone who will counter my comments herein to say how wrong I am and tout their success. I recall the Bible verse that says "Many are called but few are choosen." So as you are filing the bankruptcy forms it is too late, and you'll remember to not do it again. I have helped people like you write the letters of explaination for their financial failures enough to know that for the average person it is not a wise decision to gamble with the family home and its security.
You need to save some funds, for in the next yr or so there will be forclosures in CA that you will be able to get favorable bank financing on at good prices. I'd suggest that a better investment is a commercial income producing property that has long term leases and low turnover with "credit" tenants if possible.
A lot of these guru people that tell you to go in debt also have disclaimers in small fonts that also say "…these results are not typical." There will be a few that do succeed and those few will be the featured guests- who are also compensated for their endorsement. Several of those same guru pitching their material have also been bankrupt but they do not tell you that, because you would then not buy their program because it did not work for them not does not work for most people. That is why they now "tell" you how to get rich, as they get paid- by you up front for their "knowledge" or technique. Many simply tell you what you want to hear, an easy way to get wealthy when in fact there is no such way or everybody would be doing it.
True, real estate is a good means to grow wealth but there are better ways to invest in real estate with less risk than leveraging your home thereby putting it, possibly your marriage and family at risk.
where the turf..meets the surf….. your fingers not pulsating that much,
if you have time to write the 1st chapter of a very boring book.
The first goal is to live within a budget. You'll need to do this to properly handle the house payment and still put some aside for retirement.
The next goal is to aggressively save for a down payment.
While you're saving for the down payment, read and research the home buying process.
You dont need to join a website to get listings. However, what we have done at the office is purchase a marketing kit from http://www.getthoselistings.com it worked well because we were able to target specifically the listings we wanted…and my boss was thrilled because our completive advantage increased drastically! But check it out, and if you have any questions I'd be glad to help (or I'm sure you can contact the site owner).
My dealings with relo companies have been mixed. It used to be more common for companies to offer relocation packages to employees of a *certain position*. The benefits to the employees can vary widely.
Sounds like you are dealing with a buy-out. That's a pretty sweet deal for the transferring employee. Typically, an appraisal is done and the employee and the company reach an agreement of a buy-out price. At that point, there is little incentive for the transferring employee to negotiate the price down from what the company has agreed to pay.
At this point, you will typically do all negotiations with the owner, not the relo company. Some times, after the property is under contract between the owner and a buyer, but, just before closing (a couple of days), the relo company will buy out the owner and then closing documents and will show the relocation company as the seller of record. Just depends on the deal the owner (transferring employee) has.
You may just have to wait and see if you can negotiate with the relo company AFTER the buy-out. It may take a while until the relo company recognizes that the asking price is too high. Then you may be able to negotiate a lower price.
Good luck.
Better question is what area in Manhattan can you afford. Before meeting with the broker you should let him/her know what your price range is. Questions to the realtor should be:
How much down payment
Monthly maintenance
How difficult to be accepted by Condo Association
Amount of money in reserve for major repairs and renovations of common areas.
How often have owners been charged with special assessments.
Do some research of average condo prices per sq. footage,
Good luck
I am an agent, I closed on a property yesterday for 434K and the house appraised 2 years ago for 800K…it really depends on the bank, some banks don’t even accept FHA lons, It also depends on the condition of the house..in most cases form my experience, your offer will not be accepted without signing a bank adddendum, you have to read that document carefuly and consult an attorney..