[quote=sdrealtor]SDS
Just some local perspective. In 1999 I sold my condo/townhouse in Encinitas. I wanted to and should have held onto it but I didnt. At the peak it had increased 125%. Comps on it today still support a 70% increase.
I bought an SFR in what has become perhaps the nicest/most desireable community in the area with the strongest sales and appreciation among SFR’s. Including my costs to complete landscaping it incresed 100% at the peak. Comps today support a 55% increase.
Over the last 13 years it consistently appreciated better than an SFR. If I had held onto it I would have close to $1,000/month positive cash flow on it. These are real not imagined numbers.[/quote]
Thanks Sd! I really appreciate that you provide the local data to back it up.
