- This topic has 140 replies, 13 voices, and was last updated 16 years, 10 months ago by
(former)FormerSanDiegan.
-
AuthorPosts
-
January 15, 2008 at 8:25 PM #11521January 15, 2008 at 8:44 PM #136534
Arraya
Participant“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”
No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.
A premium would suggest to me that the cost for a mortgage payment is much higher than rent.
Basically better weather should not drive people to pay a larger portion of their salary.
January 15, 2008 at 8:44 PM #136736Participant“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”
No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.
A premium would suggest to me that the cost for a mortgage payment is much higher than rent.
Basically better weather should not drive people to pay a larger portion of their salary.
January 15, 2008 at 8:44 PM #136767Participant“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”
No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.
A premium would suggest to me that the cost for a mortgage payment is much higher than rent.
Basically better weather should not drive people to pay a larger portion of their salary.
January 15, 2008 at 8:44 PM #136793Participant“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”
No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.
A premium would suggest to me that the cost for a mortgage payment is much higher than rent.
Basically better weather should not drive people to pay a larger portion of their salary.
January 15, 2008 at 8:44 PM #136836Participant“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”
No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.
A premium would suggest to me that the cost for a mortgage payment is much higher than rent.
Basically better weather should not drive people to pay a larger portion of their salary.
January 15, 2008 at 8:58 PM #136549patb
Participantfigure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.January 15, 2008 at 8:58 PM #136751Participantfigure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.January 15, 2008 at 8:58 PM #136782Participantfigure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.January 15, 2008 at 8:58 PM #136810Participantfigure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.January 15, 2008 at 8:58 PM #136851Participantfigure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.January 15, 2008 at 9:12 PM #136556I would rather be lucky then smart
ParticipantWhat about the down payment question?
You can always make the rent greater then the mortgage if you put enough down.
January 15, 2008 at 9:12 PM #136755ParticipantWhat about the down payment question?
You can always make the rent greater then the mortgage if you put enough down.
January 15, 2008 at 9:12 PM #136787ParticipantWhat about the down payment question?
You can always make the rent greater then the mortgage if you put enough down.
January 15, 2008 at 9:12 PM #136813ParticipantWhat about the down payment question?
You can always make the rent greater then the mortgage if you put enough down.
-
AuthorPosts
- You must be logged in to reply to this topic.