I have been a long time fan of Southern CA. It is/was my dream to live on or within walking distance of the beach in a community like Manhattan Beach/Hermosa Beach. But for what I want out there it would cost me $1-2 Million for near the beach and $4-8 Million for on the beach...
Recognizing that we were no where near being able to afford SoCal we started looking for properties near the beach all over the US. I can honestly say that I have been everywhere and nothing touches what you can get in SoWal...
Hi George.
I too have been EVERYWHERE looking for the perfect beach property ... litterally, every beach town from Ocean City, New Jersey to Miami on the Atlantic, Key West to Destin and a bit of Texas on the Gulf, San Diego to Carmel in CA, and even some of the Carribean. I've looked at communities on the Great Lakes, on the Chesapeake Bay, the Delaware Bay ... you name it, and I've probably been there or researched it.
While my favorite climates would definately point toward Southern CA or the Carribean (South Walton wouldn't even make the top 10), and while there are definately beaches that are easier and cheaper for me to get to (when is that darned airport getting built, anyway?), I am in total agreement that South Walton has the prettiest beaches. Anywhere. Bar none.
Since nothing meets my perfect climate, easy to get to, AND beautiful beaches test, I'm leaning toward beautiful beaches as well.
If I were in your shoes (ie. trading one houses equity for another and moving there), I would be a buyer now too. Lucky you.
But, as a second-home-buyer-in-waiting, I have to study and evaluate what I make of these housing and credit bubbles, and decide if now is the right time to be a buyer. Suffice it to say that I do not fall into the camp of "soft landing" and "the worst is behind us". Now is not the right time for new money in the housing market. I'll be holding onto my money for a while longer, but hopefully not too long.