anything approaching rent/buy parity on north county near-coast condos?

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Submitted by Rich Toscano on August 22, 2009 - 3:21pm

Hey Piggs -- Friend of mine is considering a condo purchase in southern North County (let's say anywhere from Del Mar to Encinitas), west of the 5 or at least not too far east of it.

Since I try to avoid ever going north of the merge, I'm pretty punched out of the scene up there. It's pretty clear even from down here that NCC single family homes are still pretty overvalued compared to rents, but I have no idea what's up with condos. Can anyone clue me in as to how condo prices up there stack up with rents? If it helps, the target price range is probably in the mid-300s (or lower).

Thanks!
Rich

‹ sdr/SDR, how can this not be fraud??? Zillow gone wild? ›
We don't follow the condo
Submitted by CA renter on August 22, 2009 - 3:33pm.

We don't follow the condo market as closely as the SFH market, but I've seen some pretty decent deals, relatively speaking. The problem, IMHO, is the HOA dues and special assessments. As far as principal and interest alone, you could probably find something pretty close.

If you want me to check anything specific out, let me know.

Rich Toscano wrote:Since I
Submitted by UCGal on August 22, 2009 - 5:42pm.

Rich Toscano wrote:
Since I try to avoid ever going north of the merge...,

I thought I was the only one who felt that way, LOL.

Bumping this for people who
Submitted by Rich Toscano on August 24, 2009 - 9:54am.

Bumping this for people who only read piggington at work (which I think is most of you... ;-)

thanks,
rich