sdrealtor: You are correct. As an example, where I live in SC (major city) that house would rent for around $1800-$2000 per month. But the taxes would only be around $1700-$1800 per year and the house would probably be constructed with bricks and you would have a much larger lot.
San Diego is one hell of nice place to live and there’s a price that one can extract from people to live in SD………but now that some sanity has returned to the lenders with their lending practices, prices are going to have to meet income ratios or the majority of people will be priced out of owning and the inventory will grow much larger than it already is today.
