Rancho Mission Road area | Piggington's Econo-Almanac | San Diego Housing Market News and Analysis


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	~Navigation~ Home Commentary Housing market Credit market VoiceofSanDiego.org Bubble primer FAQ User forums ~User login~ Username: * Password: * Create new account Request new password ~RSS~ piggington.com articles		Rancho Mission Road area User Forum Topic Submitted by spdrun on June 14, 2012 - 9:34pm I'm looking to pick up between one and three investment condos in the SD area. I periodically see 1 br condos in the area of the intersection of Rancho Mission and Friars in the high $90k range, with 2 bedrooms in the low to mid-low $100k range. Will a one bedroom in that area easily rent in the neighborhood of $900-1000, and a two net about $1300? (Looking for a 7%+ return after taxes, insurance, and maint fees). Anything I should know about the area -- it seems convenient, with access to a tram line, some shopping, and the freeways? What other areas would you all recommend in the $80k to $160k range (1 or 2 bdr) where I'd have a fighting chance of finding decent tenants? Will consider San Diego proper, as well as Oceanside/Carlsbad area. Thanks- s. ‹ 2272 Lundy Lake Dr Escondido, CA 92029 Rancho Bernardo and Poway young families › Login or register to post comments « first ‹ previous 1 2 spdrun wrote: migrant camps? Submitted by ocrenter on June 17, 2012 - 12:11pm. spdrun wrote: migrant camps? do you mean the type of migrants from India, China, Korea, and Taiwan? and the camps, you meant those shanty town built by Pardee? definitely a lot less migrants in Santee, true red white and blue blooded Americans live there. I think that you don't get sarcasm even when it pops you one on the jaw. ;) Login or register to post comments If not drywall, what are they Submitted by spdrun on June 17, 2012 - 12:16pm. If not drywall, what are they using? I'd assume that lath-and-plaster or wooden wainscoting would be too laborious for tract construction. Login or register to post comments spdrun wrote:If not drywall, Submitted by ocrenter on June 17, 2012 - 12:20pm. spdrun wrote: If not drywall, what are they using? I'd assume that lath-and-plaster or wooden wainscoting would be too laborious for tract construction. folks in the area are looking into hempcrete. sorry, we are just really beating the bleep out of the "MM has no walls" horse. Login or register to post comments The solution is no walls. Submitted by sdrealtor on June 17, 2012 - 12:23pm. The solution is no walls. Just vast open spaces for the lizards to roam freely. Login or register to post comments What about an Occupy Wall Submitted by spdrun on June 17, 2012 - 12:30pm. What about an Occupy Wall Street tent city on the beach? Login or register to post comments Yes that is nearly optimal. Submitted by sdrealtor on June 17, 2012 - 12:41pm. Yes that is nearly optimal. Just substitute the tents with easy-up canopies to avoid having walls and you should be OK. Please dont forget to bring a bucket to taking care of any plumbing requirements. Yes...now we have reached the optimal solution! Time to head to the beach myself. Happy Fathers Day all!! Login or register to post comments sdrealtor wrote:Yes that is Submitted by ocrenter on June 17, 2012 - 12:56pm. sdrealtor wrote: Yes that is nearly optimal. Just substitute the tents with easy-up canopies to avoid having walls and you should be OK. Please dont forget to bring a bucket to taking care of any plumbing requirements. Yes...now we have reached the optimal solution! Time to head to the beach myself. Happy Fathers Day all!! just make sure you do not put up the tents or canopies near the bank of the San Diego River. It is a major flood zone from what I've been told. Oh the mighty San Diego River, only second in its devastation compared to the Mississippi... Login or register to post comments spdrun wrote: Are my tastes Submitted by briansd1 on June 17, 2012 - 2:31pm. spdrun wrote: Are my tastes warped by being from the the East Coast, where age of housing doesn't matter so much as quality? (Avg build date of homes in my immediate family is something like 1920). Plenty of sprawl on the east coast too. I've driven several times from NYC to DC. Plenty of sprawl. The difference is that, on the east, the difference between city and suburb is a lot more apparent Login or register to post comments I wasn't speaking to sprawl Submitted by spdrun on June 17, 2012 - 2:36pm. I wasn't speaking to sprawl vs non-sprawl, as much as age of home. As long as it's well-built, when it was built matters much less to me, and I can always add amenities. Login or register to post comments spdrun wrote:I wasn't Submitted by AN on June 17, 2012 - 3:00pm. spdrun wrote: I wasn't speaking to sprawl vs non-sprawl, as much as age of home. As long as it's well-built, when it was built matters much less to me, and I can always add amenities. What do you mean by well-built? Adding feature sometimes is just as expensive as (if not more than) replacing insulation or re-pipping. Features like 10 feet ceiling would be very expensive to add. Login or register to post comments FLU I would have to look back Submitted by SD Realtor on June 17, 2012 - 3:14pm. FLU I would have to look back at the tax roll... It actually may have been 03... maybe late 02? We bought a 1/1 in the Mission Plaza complex. I believe that is late 70s vintage stuff. I wanna say we bought it for 153k and then sold it for 200k even to the tenant in 07. Could have sold it for 240k at peak. We did not cash flow on it... We were about .5-1% negative flow but we had a great tenant from purchase of the home until the sale was made. Getting back to the question posed by the poster, at least from the quality of tenant we not only had a good one, but many of the applications were also pretty strong. Login or register to post comments What do you mean by Submitted by spdrun on June 17, 2012 - 3:25pm. What do you mean by well-built? Adding feature sometimes is just as expensive as (if not more than) replacing insulation or re-pipping. Features like 10 feet ceiling would be very expensive to add. Well-built = built by someone or an entity who cared about more than just selling the home at top dollar and waiting the statute of limitation on lawsuits out! It can be a year old, it can be 100, and you know it when you see it. I guess I care less about features than about quality of construction and actual location, ability to walk places, and minimal time spent in the car commuting. Login or register to post comments SD Realtor wrote:FLU I would Submitted by flu on June 17, 2012 - 3:54pm. SD Realtor wrote: FLU I would have to look back at the tax roll... It actually may have been 03... maybe late 02? We bought a 1/1 in the Mission Plaza complex. I believe that is late 70s vintage stuff. I wanna say we bought it for 153k and then sold it for 200k even to the tenant in 07. Could have sold it for 240k at peak. We did not cash flow on it... We were about .5-1% negative flow but we had a great tenant from purchase of the home until the sale was made. Getting back to the question posed by the poster, at least from the quality of tenant we not only had a good one, but many of the applications were also pretty strong. I'm really impressed.. I never doubted you about it. I'm just really impressed you were able to Login or register to post comments spdrun wrote: What do you Submitted by flu on June 17, 2012 - 3:55pm. spdrun wrote: What do you mean by well-built? Adding feature sometimes is just as expensive as (if not more than) replacing insulation or re-pipping. Features like 10 feet ceiling would be very expensive to add. Well-built = built by someone or an entity who cared about more than just selling the home at top dollar and waiting the statute of limitation on lawsuits out! It can be a year old, it can be 100, and you know it when you see it. I guess I care less about features than about quality of construction and actual location, ability to walk places, and minimal time spent in the car commuting. You can cross off most apartment->condo converts in SD then. Login or register to post comments spdrun wrote: migrant camps? Submitted by flu on June 17, 2012 - 4:29pm. spdrun wrote: migrant camps? do you mean the type of migrants from India, China, Korea, and Taiwan? and the camps, you meant those shanty town built by Pardee? definitely a lot less migrants in Santee, true red white and blue blooded Americans live there. I think that you don't get sarcasm even when it pops you one on the jaw. We're really not directing this at you... Just some of us have been on this board awhile, and we've seen some pretty outrageous statements.... trip back to memory lane. When we talked about school test scores, and why folks possibly pay a premium for Carmel Valley... Somehow the discussion digressed into a discussion about the migrant worker camp that was off of 56 (which was already taken care of) and how it would affect home prices... Ummm... no.... http://piggington.com/school_test_scores... There was someone else that was originally mentioning this thing too. http://piggington.com/best_communities_o... The most recent digressions I think was in threads discussing Mira Mesa and Clairemont... But whatever, to each and everyone's own. There's also an ongoing inside joke about Santee... http://piggington.com/skyranch_in_santee It seems like Santee folks are dillusional in thinking it's paradise and only 10-15 minutes to La Jolla. Wait, some folks think they are La Jolla.....The same kinda of dillusion that Greeks think their the hardest working people in the most recent euro survey. Login or register to post comments Well everything on the beach Submitted by sdrealtor on June 17, 2012 - 6:26pm. Well everything on the beach was going along great or shall we say.....swimmingly. That is until this guy showed up and introduced himself. His name you ask? None other than Mello Roos himself! But then he hit me with the really bad news. My bucket was Polybutylene. Argghhhhhhhh!!!!!!! Login or register to post comments sdrealtor wrote:Well Submitted by flu on June 17, 2012 - 6:40pm. sdrealtor wrote: Well everything on the beach was going along great or shall we say.....swimmingly. That is until this guy showed up and introduced himself. His name you ask? None other than Mello Roos himself! But then he hit me with the really bad news. My bucket was Polybutylene. Argghhhhhhhh!!!!!!! rotflao..Dude, I need whatever you're drinking. I had a really rough weekend... Login or register to post comments too funny... Submitted by SD Realtor on June 17, 2012 - 7:35pm. too funny... Login or register to post comments flu wrote:sdrealtor Submitted by sdrealtor on June 17, 2012 - 8:04pm. flu wrote: sdrealtor wrote: Well everything on the beach was going along great or shall we say.....swimmingly. That is until this guy showed up and introduced himself. His name you ask? None other than Mello Roos himself! But then he hit me with the really bad news. My bucket was Polybutylene. Argghhhhhhhh!!!!!!! rotflao..Dude, I need whatever you're drinking. I had a really rough weekend... Its always something good and my favorite thing is sharing my wines with friends. As soon as you are able let me know. It would be my pleasure. 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