- This topic has 125 replies, 18 voices, and was last updated 15 years, 8 months ago by
Hopeful.
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February 8, 2009 at 11:31 PM #15008February 9, 2009 at 7:26 AM #343119
bake
ParticipantSaiine, even though I’m in the mortgage business and I was kind of shooting myself in the foot, I’ve been telling everybody to sell since ’03. Now I’m telling them to buy if:
1. They plan on staying in San Diego.
2. The rent to price #’s make sense as they do in your situation.
3. They find a home they really like.
I say BUY!
February 9, 2009 at 7:26 AM #343444ParticipantSaiine, even though I’m in the mortgage business and I was kind of shooting myself in the foot, I’ve been telling everybody to sell since ’03. Now I’m telling them to buy if:
1. They plan on staying in San Diego.
2. The rent to price #’s make sense as they do in your situation.
3. They find a home they really like.
I say BUY!
February 9, 2009 at 7:26 AM #343552ParticipantSaiine, even though I’m in the mortgage business and I was kind of shooting myself in the foot, I’ve been telling everybody to sell since ’03. Now I’m telling them to buy if:
1. They plan on staying in San Diego.
2. The rent to price #’s make sense as they do in your situation.
3. They find a home they really like.
I say BUY!
February 9, 2009 at 7:26 AM #343580ParticipantSaiine, even though I’m in the mortgage business and I was kind of shooting myself in the foot, I’ve been telling everybody to sell since ’03. Now I’m telling them to buy if:
1. They plan on staying in San Diego.
2. The rent to price #’s make sense as they do in your situation.
3. They find a home they really like.
I say BUY!
February 9, 2009 at 7:26 AM #343676ParticipantSaiine, even though I’m in the mortgage business and I was kind of shooting myself in the foot, I’ve been telling everybody to sell since ’03. Now I’m telling them to buy if:
1. They plan on staying in San Diego.
2. The rent to price #’s make sense as they do in your situation.
3. They find a home they really like.
I say BUY!
February 9, 2009 at 9:26 AM #343140
barnaby33Participantsaiine, Id wait. I live in NP too. I’m seeing some stuff come on the market that gets close to rental parity, but it seems like its all junk. Renting a 1/1 is not the same as owning.
You and I are in the same boat and someone who makes that kind of money shouldn’t need to start out ownership in a junker in NP. Thats how you can tell stuff is overpriced. Plus there is a huge difference to renting vs owning. Personally I would never consider buying anything less than a 2/2 over 1000 square feet.
Overall its just not a good time to buy. Interest rates need to rise, and prices correspondingly fall, wherever you decide to live.
Josh
February 9, 2009 at 9:26 AM #343464barnaby33Participantsaiine, Id wait. I live in NP too. I’m seeing some stuff come on the market that gets close to rental parity, but it seems like its all junk. Renting a 1/1 is not the same as owning.
You and I are in the same boat and someone who makes that kind of money shouldn’t need to start out ownership in a junker in NP. Thats how you can tell stuff is overpriced. Plus there is a huge difference to renting vs owning. Personally I would never consider buying anything less than a 2/2 over 1000 square feet.
Overall its just not a good time to buy. Interest rates need to rise, and prices correspondingly fall, wherever you decide to live.
Josh
February 9, 2009 at 9:26 AM #343572barnaby33Participantsaiine, Id wait. I live in NP too. I’m seeing some stuff come on the market that gets close to rental parity, but it seems like its all junk. Renting a 1/1 is not the same as owning.
You and I are in the same boat and someone who makes that kind of money shouldn’t need to start out ownership in a junker in NP. Thats how you can tell stuff is overpriced. Plus there is a huge difference to renting vs owning. Personally I would never consider buying anything less than a 2/2 over 1000 square feet.
Overall its just not a good time to buy. Interest rates need to rise, and prices correspondingly fall, wherever you decide to live.
Josh
February 9, 2009 at 9:26 AM #343600barnaby33Participantsaiine, Id wait. I live in NP too. I’m seeing some stuff come on the market that gets close to rental parity, but it seems like its all junk. Renting a 1/1 is not the same as owning.
You and I are in the same boat and someone who makes that kind of money shouldn’t need to start out ownership in a junker in NP. Thats how you can tell stuff is overpriced. Plus there is a huge difference to renting vs owning. Personally I would never consider buying anything less than a 2/2 over 1000 square feet.
Overall its just not a good time to buy. Interest rates need to rise, and prices correspondingly fall, wherever you decide to live.
Josh
February 9, 2009 at 9:26 AM #343697barnaby33Participantsaiine, Id wait. I live in NP too. I’m seeing some stuff come on the market that gets close to rental parity, but it seems like its all junk. Renting a 1/1 is not the same as owning.
You and I are in the same boat and someone who makes that kind of money shouldn’t need to start out ownership in a junker in NP. Thats how you can tell stuff is overpriced. Plus there is a huge difference to renting vs owning. Personally I would never consider buying anything less than a 2/2 over 1000 square feet.
Overall its just not a good time to buy. Interest rates need to rise, and prices correspondingly fall, wherever you decide to live.
Josh
February 9, 2009 at 3:07 PM #343378donaldduckmoore
ParticipantI used to live in North Park back in 2000 for a couple of years. It was $750 for a 2Br.
February 9, 2009 at 3:07 PM #343698ParticipantI used to live in North Park back in 2000 for a couple of years. It was $750 for a 2Br.
February 9, 2009 at 3:07 PM #343806ParticipantI used to live in North Park back in 2000 for a couple of years. It was $750 for a 2Br.
February 9, 2009 at 3:07 PM #343835ParticipantI used to live in North Park back in 2000 for a couple of years. It was $750 for a 2Br.
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