[quote=carlsbadworker][quote=scaredyclassic]
Ok. I agree. Maybe old people are getting slower. Or wiser.
Personally I’ve been seeing a 4 perc annual gain in wisdom. At this rate, under current actuarial calculations, I should be enlightened right before dying, and I’m reasonably confident I have enough wisdom to last my lifespan through. Could run short though.[/quote]
I personally believe getting slower is wiser. Imagine how less worries life can be if we don’t have to react to many imaginative threats in our mind. Yes, once a while you did eventually encounter a real one…even Buddha died of food poison, but that’s probably one real one out of one hundred imaginative ones…and you don’t have to live in a constant fear of world-ending scenario. To me, that’s liberating…and wiser.
Besides, the world is doing just fine…and if it doesn’t, there isn’t much you can do about it anyway. Stop managing the universe. It doesn’t need your help.
Anyway, back to the OP, I searched the rental price and it looks like it is around $6K per month? So my math shows $2.3M/(6k*12) = 32. So that’s around 3.125% annual before-cost yield…in case you want to compare with other investment options.[/quote]
For San Diego, 3.25% is a low gross rental yield.
Prices are certainly much higher than a year ago.
If I had a 2.3M house, I would want at least 8K.
I get 4.1-4.5K easily on homes worth 1M for comparison.
That gets it closer to 5%.
