You used the term good “investment”. There are no good investments in condos in SD right now. You mightbe able to find a place that yields a mortgage payment less than rent, but it is not a good, “investment”
When you buy a condo you buy the building, not just your unit. Most buildings with units in the price range listed have serious DQ HOA issues. If they do not have them now, they likely will in the future as more people bail on their upside down loans. The HOA DQ will lead to an assessment or inability to maintain the property. Does that sound like a good “investment” to you?
If painting the walls black and not needing to move every few years is the most important thing to you. You should buy, but just remember this is a lifestyle spend (like expensive clothes, meals, or cars) not an investment.
Further, you need to understand the tenant you are likely to get when you do move out. The price you are talking is a lower end unit. The tenant will aslo be lower end and seriously damage the place.
