[quote=FormerSanDiegan]I think that anyone who locked in a mortgage payment on rental property at market value (e.g. did not grossly overpay) in the last year or so will do quite well.
They locked in at a low price in the real estate cycle at rates that likely translate into positive cash flow on day 1. There have been few times in the last 40 years in San Diego when one could have pulled this off. And no period as favorable as the last year or so.
Just look at Rich’s house payment to rent ratios. Which he says he will update soon.[/quote]
I agree with all of this. The summer of 2010 (after the tax credits expired) until the spring of 2012 (and maybe later, if using all cash) was a great time to buy both investment RE and a residence in SD County.
I’m looking forward to Rich’s upcoming graphs, as well.
