Be inquisitive it is okay. Right now I own a condo in Crown Point that was my very first purchase back in the 90’s and it is now a rental. I also own a small 3/2 in Talmadge that used to be a 3/1 but we added a bathroom. After 2 kids we outgrew it, moved out and now that is a rental as well. Had a third rental in Mission Valley that was purchased strictly to be a rental and sold it to my tenant at about 10% under market last Spring. The market for 1/1’s in Mission Valley has deteriorated since then.
Have been renting in 3 rentals since we moved from the Talmadge home back in 05. The first was a rental in PQ, then we rented off of Calle Cristobal in Mira Mesa, now we are renting in Scripps. Wife wants to kill me.
Over the past year I have submitted 5 lowball offers in Scripps but none of them have been accepted. Only one countered and we could not come to terms. I have not submitted any lowball offers on my own behalf for several months now.
There is a home on my cul de sac that is not occupied. The owner was a guy who started a website for job postings here in San Diego. Two years ago or maybe last year he was bought out by Jobbing. He bought a home (in Scripps) on the south side of Pomerado for 1.1M (give or take) and will put his house on the market in the spring for “I think” the mid – high 700’s. It is in a good location and in good shape but to me overpriced. It does comp out to a recent sale in the cul de sac but again, to me that does not mean much in a declining market. The bad thing is that some dufus will most likely pay it and I will still be stuck renting…. and waiting
