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Old 09-12-2010, 02:51 PM
 
191 posts, read 493,983 times
Reputation: 79

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Quote:
Originally Posted by SOON2BNSURPRISE View Post
I have only worked in Ventura County. The fact is that I have never commuted more than 15 minutes each way in my life. Lucky me I guess. I for one like that fact. More time to spend with the kids.
Lucky for sure. Fact is, there aren't enough good paying jobs in Ventura County to support the number of residents, much less home ownership.
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Old 09-12-2010, 11:19 PM
 
Location: Shallow alcove hidden from the telescreen
2,767 posts, read 9,347,848 times
Reputation: 1394
Quote:
Originally Posted by Cyanna View Post
Hey, you leave Simi Valley out of it! LOL! Come on, now, be fair. You KNOW that Simi Valley isn't ugly or noisy, nor do they have any problem with traffic, except on the 118 during the work week when people from OUTSIDE Simi are using it
Hehe, kidding for the most part. I lived in Simi Valley for a while. Love the Knolls and hiking at Rocky Peak.
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Old 09-13-2010, 03:12 AM
 
Location: Living on the Coast in Oxnard CA
14,827 posts, read 23,615,910 times
Reputation: 18393
Quote:
Originally Posted by NickelDime View Post
Lucky for sure. Fact is, there aren't enough good paying jobs in Ventura County to support the number of residents, much less home ownership.
Maybe so. Then again with the current unemployment rate in the state I am not sure this is limited to Ventura County. Still many jobs within the area are not being filled because the right education and background of the applicant is not available. I recently was called into interview with a company that wanted me for one reason, I have an MBA. Granted I am not actively looking for a job because I love what I do now, still it was interesting to see what they have to offer and now I am even considering leaving my current employer to work in another industry. LOL

As far as homeownership, we are in a differant world now. I haven't seen prices this low for a long time. We are now an affordable place to live if you ask me. Lots of deals to be had out there. Sure I am not talking living on the beach, but in town is now more affordable than ever.
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Old 09-13-2010, 08:57 AM
 
191 posts, read 493,983 times
Reputation: 79
Quote:
Originally Posted by SOON2BNSURPRISE View Post
Maybe so. Then again with the current unemployment rate in the state I am not sure this is limited to Ventura County.
Point. Still, traffic continues to mount away from Ventura County in the mornings, and back into Ventura County in the evenings.

As an example, the largest city in Ventura, Oxnard, shows the following:

Quote:
Daytime population change due to commuting: -20,393 (-12.0%)
Workers who live and work in this city: 26,145 (37.7%)
And that -12% is NET change - meaning if one $100k earner leaves Oxnard for her job in SFV and one $30k earner comes in for an agriculture job, that's no net change.

Quote:
Originally Posted by SOON2BNSURPRISE View Post
Still many jobs within the area are not being filled because the right education and background of the applicant is not available. I recently was called into interview with a company that wanted me for one reason, I have an MBA.
I realize your anecdote lines up with your reality, but the fact is, Ventura can't sustain itself on its own. The "tech coast" job hub concept never materialized in substance.
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Old 09-13-2010, 10:58 AM
 
Location: London.
587 posts, read 1,157,607 times
Reputation: 417
Did they ever clean up Thompson Blvd? Is it still grimey?
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Old 09-13-2010, 11:40 AM
 
191 posts, read 493,983 times
Reputation: 79
Quote:
Originally Posted by SOON2BNSURPRISE View Post
We are now an affordable place to live if you ask me. Lots of deals to be had out there. Sure I am not talking living on the beach, but in town is now more affordable than ever.
Can the median household afford the median priced home?
Is it roughly the same or less expense to buy than it is to rent (on a monthly basis, assuming a reasonable downpayment)?

If the answer to both of these is "yes", then I agree with you.
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Old 09-13-2010, 11:44 PM
 
Location: Living on the Coast in Oxnard CA
14,827 posts, read 23,615,910 times
Reputation: 18393
It is cheaper to buy a comparable home than it is to rent one.
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Old 01-13-2011, 12:20 PM
 
700 posts, read 1,007,422 times
Reputation: 185
Quote:
Originally Posted by SOON2BNSURPRISE View Post
It is cheaper to buy a comparable home than it is to rent one.
My experience in watching the rentals is the asking rents are falling, at least on the margins.

Example - a remodeled 3br place (http://ventura.craigslist.org/apa/2135137904.html - broken link) above Foothill near the college, asking $2200/month. Ocean view too.

Another one (http://ventura.craigslist.org/apa/2157715580.html - broken link) in the college area -- $2100 / month.

These numbers suggest a loan amount in the $400k range (at 4.85% 30-yr fixed; the issue is a downpayment to justify a $500k home.

But there are precious few remodeled homes in the foothills asking $450-500k. The ones we've looked at need quite a bit of work to match the rental spec.

In short, prices have certainly compressed, but not to the historical relationship with renting. Renting should be a premium vs. ownership, not the other way around.

That said, we're in escrow!
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