An article in the Wall Street Journal took issue with a recent TimeMagazine cover story calling into question most Americans cherished beliefs about home ownership. Much of what the Journal stated isn’t new. In fact, it recites benefits of home ownership that you already know better than anyone. But in pulling them together in the way it does, it makes you realize just how compelling home ownership is from just about every standpoint. If you haven’t seen the piece, by Brett Arends, here’s a thumbnail sketch of its 10 points:
Why is now a great time to buy?
1. You can get a good deal. Prices are down 30 percent on average depending on which part of the country you are looking . They’re at a level that makes sense for people’s income.
2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. It’ll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it’s simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It’s risk capital. If the economy picks up, you stand to benefit from that, even if you’re goal is just to have a nice place to live.
8. It’s forced savings. A part of your payment each month goes to equity.
9. There is a lot to choose from. There are some 4 million homes available today, about a year’s supply. Now’s the time to find something you like and get it.
10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.



The first chapter in Oceanside’s history began in the late 18th century when Father Juan Crespi, a Spanish Franciscan friar, passed through the area in 1769 while travelling with the Portola expedition. His reports on the area led to the establishment of the Mission San Luis Rey de Francia (named after St. Louis, King of France) in a location 3-4 miles inland of what is today Oceanside’s downtown area by Father Fermin Francisco de Lasuen. Built by the original Luiseno Indians of the area, the “King of Missions” as it was called found some rough times in the early 1830s during secularization by the Mexican government but rebounded as a town, San Luis Rey, slowly grew around it.
In 1883 the completion of the railroad connecting San Diego and San Bernadino provided increased access to the Pacific coast. Andrew Jackson Meyers, a businessman from the area surrounding the mission, requested and received a grant of 160 acres south of the area that would later become Camp Pendleton, at the time known as Rancho Santa Margarita. J Chauncey Hayes acted as Meyers’s real estate hand, selling town lots and eventually petitioning for a post office for the growing community. The name Oceanside came from a popular diversion of the time as families inland would often go “ocean side” to escape the heat and enjoy the beautiful Pacific Coast.
Incorporated in 1888, Oceanside grew rapidly over the following years as the railway brought people and businesses to the sunny beach town. In 1893 the first of the Oceanside Municipal Piers was built, and in the subsequent century Oceanside became the popular tourist destination it is today with the addition of the Oceanside Harbor and the El Camino Golf Course. In 1942 a particularly intense period of growth came with the purchase of the Rancho Santa Margarita land north of Oceanside by the US Marine Corps for the establishment of Camp Pendleton.
Today Oceanside CA is a thriving community of long-time residents, local armed forces, and beach-loving tourists who flock to our beautiful coast and golf courses throughout the year. With a climate ranked the fifth most desirable in the world(!) and the second most desirable in the entire United States, the city of Oceanside is the perfect destination throughout the year for visitors looking for a mellow yet exciting environment offering stretches of perfect sand, a multitude of spas and resorts, a colorful harbor offering fishing expeditions and various watersports, and much more.
