[quote=mercedes7][quote=sdrealtor]The only thought I had was $1995 for an sfr rental in OB with an ocean view from every room? Can you let me when your leaving….[/quote]
LOL, of course I will. Trust me the view is the only thing really nice about the house. It is liveable but looks it’s age of 50-60 years both inside and out. But I am not complaining – love my landlords, love my neighbors, and love the location.[/quote]
Take $3K, make it your own and sign a 2+ year lease. I’ve done that to two different rentals in the past (of course at the owner’s discretion). You can probably paint the entire house for that amount and do a bit more. For $1,995 in this market you can get a killer home in El Centro, but the views are of generally of vacant homes instead of the ocean.
As mentioned in earlier posts by some smart folk, buying isn’t all that fun. I’ve done it a few times and I still own homes, just not in San Diego. I told myself I wouldn’t buy until the prices declined a whole lot more. Now thanks to manipulated interest rates and an excellent job of controlling supply and demand it probably won’t happen for another year or so.
As hard it this may sound, wait it out! Free markets will eventually reign over the manipulation. You may have to pay a higher interest rate, but I would rather pay more money into a home that is building equity than less into a home that is losing equity, but that’s me. Good luck!
