Assuming that this house will be sold at $415K. That is still a 27% loss. Can we assume that home prices in Mira Mesa has dropped about 25% since 2005? With inflation accounted for, it might be nearer to %30. Can’t wait until the Fall of 2008, at this rate, a house similar to this might cost only $350K-$380K.
This house is very close to where I live in Mira Mesa. I rent a 2000 Sq ft 30 year old ranch for $1,900/month. These prices have a lot further to fall in my opinion.
This house is very close to where I live in Mira Mesa. I rent a 2000 Sq ft 30 year old ranch for $1,900/month. These prices have a lot further to fall in my opinion.
This house is very close to where I live in Mira Mesa. I rent a 2000 Sq ft 30 year old ranch for $1,900/month. These prices have a lot further to fall in my opinion.
Looks like a decent house with some upgrades, but no backyard.
I know someone who has bought a couple of houses in Mira Mesa to rent out as minidorms. He says he knows in which floorplans he can build interior walls to make extra bedrooms, and then he can get positive cashflow at purchase prices from last year.
The students are the hard-working UCSD type, not the party-hearty SDSU type, so the neighbors don’t mind, and he doesn’t add any square footage to the houses
Would this be something profiable to do with this house?
Looks like a decent house with some upgrades, but no backyard.
I know someone who has bought a couple of houses in Mira Mesa to rent out as minidorms. He says he knows in which floorplans he can build interior walls to make extra bedrooms, and then he can get positive cashflow at purchase prices from last year.
The students are the hard-working UCSD type, not the party-hearty SDSU type, so the neighbors don’t mind, and he doesn’t add any square footage to the houses
Would this be something profiable to do with this house?
