[quote=deadzone]Do you really think you can rent it in 2011 and be cash flow positive??? I doubt it. You are correct that the right time to buy a house is 2011 or later. If you buy a condo now, you may be stuck with it in 2011. It may work out if you are lucky, but too risky. Plus, why the heck would you want to live in Otay? That’s a far cry from S.R. [/quote]
Rents could (and probably will) drop, but it will still be pretty close to break even, if not positive. It just depends on what I pay, but it looks promising. There are lot of foreclosures coming.
I don’t know that I do want to live in Otay, but an awful lot people wanted to live there enough to pay (okay, borrow) $400K-$500K.
