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  • May 14, 2012 at 3:29 AM #19789
    Coronita
    Participant

    San Diego rents expected to rise this year
    Reports: Demand outruns supply, so units will cost more and be harder to land

    http://www.utsandiego.com/news/2012/may/13/san-diego-rents-expected-rise-year/

    Summary (according to article):

    *Average rent in SD County up 2.6% to $1,361
    *Rental vacancy rate down to 4.43%

    And looks like Generation X’s and Y’s that moved back home during the meltdown are looking to move out again…

    Article cites one 24’er that moved out of parents house into own pad.

    Article also cites older 30’er couple that moved from LA for a tech job,..(Coincidently, it’s consistent with the tenant pool that I saw back in March in which most applicants where tech job workers just starting out)

    In both cases, neither have the means of homeownership at this point.

    [quote]
    “We want to be free, to move depending where our jobs are,” said George, who signed a 15-month lease at Circa 37. He and his wife expect to stay there for two to three more lease terms.

    Parker, the recent college graduate, says she expects to rent for at least five years.

    “Buying a home,” she said, “I don’t know too much about it right now. Maybe once I settle down and everything.”
    [/quote]

    May 14, 2012 at 9:22 AM #743747
    an
    Participant

    Thank you to all of those who thinks owning is out of fashion. Thank you to all of those who bought into the bubble, defaulted, and now have to rent. Thank you to all of those who are getting caught up in the materialistic world and can’t save up enough to down for their own place. Finally, thank you for tightening the lending standard so a lot of the people mentioned above can’t get a mortgage even if they wanted it.

    May 14, 2012 at 10:05 AM #743748
    sdrealtor
    Participant

    Dont invest in rentals. Its a better time to quintuple down on Zynga

    May 14, 2012 at 10:38 AM #743752
    Coronita
    Participant

    [quote=sdrealtor]Dont invest in rentals. Its a better time to quintuple down on Zynga[/quote]

    What comes after quintuple? 🙂

    May 14, 2012 at 10:46 AM #743753
    Coronita
    Participant

    And this is where I to say, once again…Thank you sdrealtor.

    Because while I once was really really skeptical about SD…contacting you was one of the best decision I made in a long long time. You also saved me quite a bit…. had this never happened, I would have been getting my ass handed to me right now…

    May 14, 2012 at 5:06 PM #743793
    sdrealtor
    Participant

    [quote=flu][quote=sdrealtor]Dont invest in rentals. Its a better time to quintuple down on Zynga[/quote]

    What comes after quintuple? :)[/quote]

    For Zynga my guess is OTC.bb

    May 14, 2012 at 11:54 PM #743801
    Myriad
    Participant

    LOL, you guys are funny. Who needs facebook when you can quintuple down on zynga.

    Crazy – that new apt complex in Mira Mesa will be up to 1800+ units.

    May 15, 2012 at 12:11 AM #743804
    an
    Participant

    [quote=Myriad]LOL, you guys are funny. Who needs facebook when you can quintuple down on zynga.

    Crazy – that new apt complex in Mira Mesa will be up to 1800+ units.[/quote]
    1800+ units isn’t too crazy when you think about the Stone Creek master plan that will come into South Mira Mesa. That master plan will include over 5000 multi-family units. Mira Mesa is going to be much denser than it is today in the next 10 years.

    May 15, 2012 at 1:21 AM #743806
    ocrenter
    Participant

    [quote=AN][quote=Myriad]LOL, you guys are funny. Who needs facebook when you can quintuple down on zynga.

    Crazy – that new apt complex in Mira Mesa will be up to 1800+ units.[/quote]
    1800+ units isn’t too crazy when you think about the Stone Creek master plan that will come into South Mira Mesa. That master plan will include over 5000 multi-family units. Mira Mesa is going to be much denser than it is today in the next 10 years.[/quote]

    oh boy, you think Mira Mesa/Black Mountain is bad now… hey, at least the city should make a killing from the red light camera when cars are stuck in the middle of the intersection…

    May 15, 2012 at 9:35 AM #743816
    an
    Participant

    [quote=ocrenter]oh boy, you think Mira Mesa/Black Mountain is bad now… hey, at least the city should make a killing from the red light camera when cars are stuck in the middle of the intersection…[/quote]
    I never knew that intersection is/was bad. But they will expand Black Mountain and there will be a DAR on Hillery. So, I assume they’re already anticipating the increase in traffic.

    May 15, 2012 at 9:36 AM #743817
    an
    Participant

    dup.

    May 15, 2012 at 9:52 AM #743820
    Coronita
    Participant

    [quote=AN][quote=ocrenter]oh boy, you think Mira Mesa/Black Mountain is bad now… hey, at least the city should make a killing from the red light camera when cars are stuck in the middle of the intersection…[/quote]
    I never knew that intersection is/was bad. But they will expand Black Mountain and there will be a DAR on Hillery. So, I assume they’re already anticipating the increase in traffic.[/quote]

    What is a DAR?

    May 15, 2012 at 9:59 AM #743821
    an
    Participant

    [quote=flu]What is a DAR?[/quote]
    Direct Access Ramp… Same as the one in Rancho Bernardo on the 15.

    http://www.miramesatowncouncil.org/Hillery_DAR_Page.htm

    May 15, 2012 at 10:39 AM #743825
    Coronita
    Participant

    You know folks. I really think Mira Mesa is an up and coming place. With all these builders going in there, I think we’re going to see a transformation of MM in the next few years. The location is great for workers and the industry around there is more high skilled work…. Imho buying a SFH home probably would work out well…

    If I had enough cash or so lying around and available financing at near break even, I would be considering a SFH in MM. I have a feeling I’ll look back in a few years and wish I had bought a SFH there.

    Plus, it’s only 10 minutes to Del Mar…
    We’ll call it Del Mar Adjunct… 🙂

    May 15, 2012 at 10:40 AM #743828
    Coronita
    Participant

    [quote=ocrenter][quote=AN][quote=Myriad]LOL, you guys are funny. Who needs facebook when you can quintuple down on zynga.

    Crazy – that new apt complex in Mira Mesa will be up to 1800+ units.[/quote]
    1800+ units isn’t too crazy when you think about the Stone Creek master plan that will come into South Mira Mesa. That master plan will include over 5000 multi-family units. Mira Mesa is going to be much denser than it is today in the next 10 years.[/quote]

    oh boy, you think Mira Mesa/Black Mountain is bad now… hey, at least the city should make a killing from the red light camera when cars are stuck in the middle of the intersection…[/quote]

    The city is going to end up loaded with all the rental tax and fees and commerce from it too.

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