[quote=earlyretirement]Ha, ha. Funny flu. No doubt, Carmel Valley is quite pricey. We looked around there when we were buying our primary and I just couldn’t justify it compared to some other areas.
I do have to say it was VERY convenient and close to the beach which was great. Once I’m an old fart, I think it would be an easy place to be retired.
Absolutely I totally agree about most investors not wanting to sit around a few years with 0% to 3% gains. That is about what I figured as well unless you get lucky doing shorter weekly rentals to tourists which I have seen some work.
But we already have many rental properties working for us so I feel like we can take a bit of a gamble on CV. We’ll see how it goes.[/quote]
Actually, I think there are probably some investors that don’t mind sitting on 0-3% gain right now, since that’s pretty much the same as a CD right now. So they probably figure take the slight chance on future appreciation…I recall SDR mentioned he had a few potential buyers looking in CarmelV as investments for that purpose and I am guessing maybe their motivation my be along that line..
Personally, I would consider it too… Except, like I said, I’m cash poor if we talk about these levels to get a decent buy in CarmelV… 🙂
Ok, truth be known #2, I’m just jealous that you’re in a position to be able to consider CarmelV for an investment.
I’m sure there are deals out there elsewhere that can yield better returns. But at the same time, I don’t want to be running all around town…Oh yeah, and prefer not to get shot.
