I[quote=spdrun]I’m not disagreeing with you on a national level, but in my experience, SFR prices in SD are sufficiently high as to render the lack of condo fees moot.
i.e., you can get a higher rent per $100k with condo fees subtracted on a condo than the rent per $100k on a house. If it’s a cash buy-and-hold, the lesser ability to get a mortgage on a condo vs an SFR is moot.[/quote]
I agree, and it’s been that way for decades. Save for a short recent period at the bottom of the trough, SFR almost never pencil out as good rentals absent appreciation when compared with condos or apartments. There’s just too much emotional value. And they have significantly higher downside risk.
