[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]
spdrun, did you actually see the asking prices on the listings I provided? A couple of the listings +/- $350K were 3/4 bdrm good-sized homes! The rent on these homes (if first cosmetically repaired/fixed up, if needed) would be OVER $2K month.
Also take a look at the $250K – $350K listings I provided and tell us how much monthly rent you think they would fetch. (Of course, the 2? SS’s are priced as “teasers” and will likely fetch higher offers.)
I disagree that SFRs in SD County are not priced competitively enough to be viable investment properties because they undoubtedly ARE (in a few micro-markets).
