Townhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.
It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.
FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.
I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.
