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Mar 09, 2021 | By Adebayo Adeagbo
5 Reasons to Buy a House in San Diego

5 Reasons to Buy a House in San Diego

You've decided to buy a house. You're excited, but aren't sure where you want to start.

You wonder if you should buy a house in San Diego.

You've heard it's expensive, but so are many other parts of the country.

Like most areas, there are affordable areas and ways to make buying a house in this beautiful city possible.

If you're thinking about buying a house, here's why you should consider San Diego.

The values continually increase

If you can afford to move to this area, you'll enjoy continually increasing values. This year alone, the area saw a 7.6% increase in values from last year making the average home price around $632,000.

It's predicted that the values will continue to increase 7.5% next year.

Unemployment rates are lower

San Diego boasts lower unemployment rates than the entire state of California, whose unemployment rate hovers around 11.4%.

San Diego's unemployment rate as of September 2020 was only 9.0%, which is 0.5% lower than the month before and a sign that things are on the move the right way.

Investing in real estate is almost always smart

It's hard to think about investing any time soon, but investing in real estate is always a good idea.

Even if the market falls, as we've seen it do multiple times, it always bounces back.

If you are investing in a home in San Diego for the long term, you are likely to see a great return on your investment.

While it's a big gamble, it's a lot less risky than investing in the stock market which might or might not bounce back.

Mortgage rates are low

If you've looked at interest rates lately, you are likely surprised. We haven't seen rates like these in decades and may never see them again.

Now is the perfect time to jump in and buy a house in San Diego.

With low rates, you can afford a more expensive house.

Lower rates are also more forgiving when you have a slightly elevated debt-to-income ratio which could make it hard for you to get qualified.

More info: Using an FHA loan to buy a house

Buy a House in San Diego for Stability

If you have a family or are thinking of starting a family, there's no better way to establish yourself than by buying a house.

When you establish yourself in a community, you feel like you belong. Your kids will make friends, get rooted in the school system, and begin their new life feeling like they belong.

You meet a community, you become part of that community, and you establish a long-term relationship with a neighborhood, regardless of what age or demographic you are. You establish roots.

There's an 80 year old study done by Harvard that has proven that a sense of community helps us live longer, and be happier.


If you're thinking of buying a house soon, consider one in one of the hottest parts of California.

The weather is beautiful, the homes gorgeous, and the financial stability of the area is incredible.

Now is the perfect time to invest in a home because interest rates are lower than you'll ever see them again.

Take advantage of the low rates, get the mortgage you can afford, and buy a house in San Diego that provides you and your family with the stability you desire.

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