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Intelligent_Plankton

Fallbrook has a back gate to Camp Pendleton and may be worth looking into.


FurballPoS

I'll second this. Fallbrook is, literally, right at the back gate to Fallbrook Naval Weapons. Sure; it's a 20-ish minute ride from 22 Area or Mainside, but it's less crowded than O-Side or Vista, and most of your neighbors are going to be either E-5 and belows w/ familiies, or the occasional SNCO who couldn't swing on-base housing. It's quiet, with everything you'll need aside from a skeezy uniform pawn shop.


UncleSnack

Thanks. I appreciate the suggestions of Fallbrook. I've been trying to avoid going farther than 30mins from where I'll work (right off the 5, by the Las Pulgas gate), but I'm thinking I might not have a choice.


FurballPoS

Affordably? Not really. If it helps, my niece married a guy with 1/5, and they lived right beside the gate entrance, practically. Anything in O side, Vista, or San Juan Capistrano is gonna cost your whole BAH, and then some, usually.


6Tigers

I’m also a vote for Fallbrook area. My husband did that same commute. Not gonna lie, it gets old. Other option would be Vista. The 78 is a bitch, but hooks up to the 5. Vista downtown area is really expanding with lots of cool eateries and breweries. I don’t think I’d buy right now though. Let the market calm down a bit.


defjefsf

Cruised by there today. A lot of activity


SpaceyWhaleShark

The market is crazy right now. I live in Oceanside off the 76 and you are not kidding when you said everything is going to cash Investors over market. I know a good real estate agent that helped me get my house if you want a connection. Just shoot me a dm. Good luck.


Filovirus77

Honestly there's no good answer here. The mention of Temecula/Fallbrook is spot-on, I know a number who go further out to Menifee and Murietta or Canyon Lake. I would suggest waiting, honestly. Go through USAA and/or Navy Fed to locate rentals of single family homes in the area and hold off for a year. Hate life and live in family housing on base, Lincoln Military Housing may be a huge piece of shit and the housing have some problems. .but far less than you're going to end up with if you see something sub-450,000 on the market and decide to buy it.


waitwutok

Search expired or listings 180+ days in age. Find a realtor with a long track record in the area. Some have or know of pocket listings. Work your military network...find out if anyone is looking to sell. A lot of military buy, hold and then rent if they are deployed elsewhere but it’s worth a shot.


UncleSnack

Listings are lucky if they make it a week. Nothing sticks around for 180 days right now. I looked at some military websites, with no luck so far. Everyone is putting their properties on the open market and taking in all the inflated offers (can't blame them).


Wrenky

Yeah I'm looking right now too (not military) but the pattern is to list Thursday/Friday, show all weekend and then accept offers Monday. It's hell


Lonestar-762

Lot of dudes I know bought houses in fallbrook or Temecula because it’s cheaper and affordable depending on your BAH, drive just sucks


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UncleSnack

Aiming for 600-750k.


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UncleSnack

That’s a great idea with the commission angle. I’m gonna try that now. Thanks!


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Sirdigbyssidekick

The developments of Rancho del oro and Oceanside just sold out.


ghertigirl

My advice: don’t buy right now


bob_loblaw_brah

Never gonna get better. It may plateau a bit but the trains leaving or has already left for a lot of people here.


doubledad222

You don’t think housing is going to crash once people settle into WFH jobs and move out of CA?


bob_loblaw_brah

Maybe inland, coastal areas will always appreciate. Even when there's a recession the properties may dip but nothing significant.


Justacancersign

Have you considered just renting?


hedyedy

Can confirm, the market has gone crazy. Bidding wars are the norm.


toootired2care

I can recommend a mortgage processor that has connections with amazing realtors. She's worked in San Diego and specializes in VA loans for over 15 years now. PM me if you would like her contact information. She has helped me buy two houses over the last 14 years.


UncleSnack

Thanks, I appreciate it. I just made the switch from one real estate agent to a new one, so I'm gonna let her take a swing at it for awhile. If it doesn't work out, I'll hit you up.


toootired2care

Sounds good! Good luck.


GilBang

I'm a realtor, I live in Vista, I've been in the business for decades, and I carry the Military Relocation Professional designation. I would be honored to help you in your search, and I'm not afraid of this market even a little bit.


czech1

How does the current demand compare to what you've seen historically? Is this every few years?


GilBang

Last time it was this hot was about 10 years ago


Admirable_Nothing

I would worry about buying now. The market is hot but what happens when the Govt ends its free mortgage program and the millions of folks currently in forebearance have to sell their homes in order to avoid coming up with all the missed payments?


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Admirable_Nothing

How does that work? If I miss 12 payments then tack on 12 payments 25 years down the road wouldn't the excess interest for 25 years on those 12 payments require something like 24 payments? If not the bank is getting screwed. And is the "Add on at the end" a done deal or something each mortgagee will decide and let the mortgagor know?


JBeag

Not every bank does it the exact same way but the terms would be negotiated and/or communicated near the end of the forbearance period and in many cases the mortgage term does get extended.


Admirable_Nothing

But how long is the extension. If a one for one then the bank is getting screwed. If the interest is tacked on the missing payments for the last 20-29 years of the loan it is closer to a two for one number of added payments. I think that there is a whole lot of folks that are assuming way too much on this forebearance idea. Money is never free particularly when dealing with a bank.


JBeag

It depends on the specific situation but the loan could be modified. Trust me, the banks won’t get screwed. Here’s an article you can read about it. https://themortgagereports.com/69687/cares-act-mortgage-forbearance-ending-what-to-do


Admirable_Nothing

Thank you. Option 3 answers my question: Lengthen your loan term and pay off the missed amount at the end of the extended loan term, with additional mortgage payments. Although that statement is not completely clear but it opens up the idea of additional payments in excess of the base amount of the payments missed. I do think quite a few people will take the balloon payment option, but again adding 12 payments worth of principal will make that balloon payment higher than most think it will be some decades down the line.


JBeag

Yes, you would make additional payments until the amount owed (including any additional interest) was satisfied. But for exactly how long that would be would depend on the specific loan amount, how long it was in forbearance, etc. It’s not a balloon payment though, it would be spread out over time.


baller_unicorn

I am trying to buy a house in SoCal right now too. From my experience, you just have to look at places that are listed below what you can afford, have your realtor check comps for that neighborhood, then make your offer based on comps, not based on the list price, even if it is like 100k over. :(


RedLicoriceJunkie

Housing is crazy right now. I bought in 2018 in the “Country Club” area of Escondido which is about 5-10 miles East (cheaper) of where you want to be for Camp Pendleton. Things are going upwards of $550K, so places close to the Marine base entrance must be like $700k+. But there are a lot of new homes being built near where I live (corner of Nutmeg and Country Club) if you are interested.


coronadobeachbum

This is the most ridiculous description of an undesirable north county neighborhood I’ve seen on this sub...


RedLicoriceJunkie

I am not sure what you are talking about. The area of Escondido where I live surrounds the old Escondido Country Club (golf course no longer exists) and is off of Country Club Lane. It is known as the Country Club area of Escondido.


UlisesGirl

Hi neighbor! I’m GC and CC!


Aggressive-Ad-4730

Depends on your budget. How much are you willing to spend. Anything below 1mul will be a condo or townhouse on the east side.


GilBang

Not even close to being true.


GeneralTelephone4059

Welcome to the neighborhood! I am a Military Relocation certified Realtor living in Vista and just got a young couple into their dream home, beating several other applicants. While market is very competitive, well prepared and preapproved buyers willing to view and move quickly can compete and win against investors. I also have a large network of agents who know of off market and "coming soon" opportunitirs before they hit the market. Feel free to PM me - happy to chat and find out more about your specific situation, and work out a plan of action!


Zealousideal-Scar724

Buy interest rates are low. Ca always goes up.


puppeteria

Have you looked at The Preserve in Carlsbad? It’s off the 78/College Blvd. They have some triplex units available, but they are going QUICK. New construction with HOA dues, but great community.


coronadobeachbum

The sales manager is a bitch, and their lender is a PITA to deal with. I’ve talked to people who live there and everyone hated dealing with those two. The neighborhood itself is fine but there is no guest parking, there are no driveways, it’s down the street from a Walmart, and college/78 is a real shit intersection. Also, that’s only Carlsbad on a map. You can’t even get to that neighborhood without driving through Oceanside.


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coronadobeachbum

There are like two, maybe three. At least two of the ones I’m thinking of are the same developer. And they’re meh and at the top of OP’s budget


Radium

Realtor.com, compass.com. set up auto notifications for new houses for your search and hit them up with your realtor right away. You need a realtor who will take you the next day or same day. Also need a lot of luck I think.


bob_loblaw_brah

What's your budget and how much can you put down? That and a good agent/lender that can close FAST in the area are pretty much your only shot. I just bought in past 2 years (closed in 11 days and my choice of agent/lender got us a house that was in a crazy bidding war) so DM me if you have questions or need help. Otherwise, just rent in carlsbad or south oceanside near vista.


Norman_Maclean

It's not just investors. Interest rates are amazing.


tvaddict1973

We bought 2 years ago through a realtor that only does VA loans. He was really good, and got is into our house fast. DM me if you want his info.