I’ve been in that complex but i don’t remember all the details.
Is the fireplace one of those fake electric ones? If so, you could remove it and re-drywall the wall. But there’s a cost to that. I feel that fireplaces are absolutely worthless, especially in apartments.
I’m in the camp that two-bedrooms will fall below $200k. And that rents will fall accordingly.
There will be more and more out-migration from San Diego and landlords will have to give 1 to 2 months of free rent (and low deposit requirements) to lure renters. It’s already happenning in some complexes.
I also don’t believe that people will start buying when rent equals buy. Renting adds flexiblity and young folks need the mobility to build their careers. Without the upside uphoria, there will be few buyers.
There are two-bedrooms in North County (San Marcos and Vista) for $200k already. The pain train will stop at UTC as well.
