Best neighborhood to BUY a rental property in San Diego?

[ctr70]

Thanks for the input Temeculaguy and Econprof. I have to study the rental market/vacancies in the parts of the Inland Empire and Vegas that I’m looking at. I’m not familar with the loss of the low end renters you are talking about. What about <$100k SFR's in Moreno Valley? Las Vegas right now you can buy for less than it costs to build houses. $80k for a newer blt sfr. Yes it seems to be a 100% tourist reliant area and that's a worry. But I think for the next 10-20-30+ years Las Vegas and Phoenix will continue to get a outflow of people priced out of California & baby boomers retiring from cold states. The same dynamics will happen again. San Diego for example, even after the bust, is STILL not affordable. If you are below $400k for a sfr you are STILL in a dumpy neighborhood with below average schools. Forget about the Bay Area, OC or LA. That will always drive families to look to neighboring states and to look at the inland empire. Phoenix is another area you can buy rental houses for less than it costs to build. For 1/2 or 1/3 the price they were selling at the peak. Both Phoenix and LV are much more business friendly than CA. I've been hearing for 20 years how the anti business climate and taxes of of CA is going to drive out all the people and businesses out. It still hasn't happend. The state has too much going for it with climate, scenery, closest U.S. proximity to the growing Asian powers, Silicon Valley, Hollywood, etc... The lower end SFR prices of San Diego have also stabilized if not risen in the past 12 mos. But the numbers are just not good anywhere in SD for anything. You are buying with the "hope" of future appreciation, which to me is a debatable reason to buy.

[(former)FormerSanDiegan]

bread-and-butter Central San Diego rental areas:

Clairemont Mesa
Kearny Mesa
Mira Mesa
La Mesa

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)

[(former)FormerSanDiegan]

bread-and-butter Central San Diego rental areas:

Clairemont Mesa
Kearny Mesa
Mira Mesa
La Mesa

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)

[(former)FormerSanDiegan]

bread-and-butter Central San Diego rental areas:

Clairemont Mesa
Kearny Mesa
Mira Mesa
La Mesa

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)

[(former)FormerSanDiegan]

bread-and-butter Central San Diego rental areas:

Clairemont Mesa
Kearny Mesa
Mira Mesa
La Mesa

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)

[(former)FormerSanDiegan]

bread-and-butter Central San Diego rental areas:

Clairemont Mesa
Kearny Mesa
Mira Mesa
La Mesa

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)

[enron_by_the_sea]

[quote=FormerSanDiegan]

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)[/quote]

Anything ending in “Ranch” probably will not make sense rental wise

[enron_by_the_sea]

[quote=FormerSanDiegan]

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)[/quote]

Anything ending in “Ranch” probably will not make sense rental wise

[enron_by_the_sea]

[quote=FormerSanDiegan]

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)[/quote]

Anything ending in “Ranch” probably will not make sense rental wise

[enron_by_the_sea]

[quote=FormerSanDiegan]

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)[/quote]

Anything ending in “Ranch” probably will not make sense rental wise

[enron_by_the_sea]

[quote=FormerSanDiegan]

My rule of thumb is to look at the areas with “Mesa” in their name, and avoid places with the word “Barrio” or “Heights”)[/quote]

Anything ending in “Ranch” probably will not make sense rental wise

[temeculaguy]

I like the “Mesa Corollary,” It fits into what I was trying to say about the mid level rental market.

I still believe in CA, I’ve been hearing for 40 years that everyone will leave, not that Econ’s argument is a cogent one as always, just that I’ve always seen it bounce back, I feel it always will. I also agree that other states have advantages, but i don’t want rental property too far away because I plan on managing it myself.

I’m skeptical of Mo Val, jobs are the only reason to live there and that can change, so there’s more speculation in that area.

Here’s why I am the Temec cheerleader, Vegas and Pheonix prices without the drive. Two examples, one sfr and one condoish apartmentish place, the links may not last, they were listed today, unlikely they will last the weekend (another reason I am still sidelined)

http://www.redfin.com/CA/Temecula/44830-Potestas-Dr-92592/home/6246905

http://www.redfin.com/CA/Temecula/31359-Taylor-Ln-92592/home/6680030

The SFR’s fair rent is about 1400-1500 and the condo is about 1100-1300

Both are about 30 cents on the dollar from peak, the SFR is actually at it’s 1993 price. It is appealing to dog owners vs the condo, but lacks the amenities, it also has no hoa.

The condo will have hoa on the negative, however, pools, a gym, water, landscaping and trash, you have to factor that in, plus it’s newer. Neither are out on the outskirts, both are right in the middle of the most expensive zip code of the region with the best schools, they are the cheapest and smallest in that zip code, something I look for in a rental.

Just two examples of Pheonix and Vegas in your own backyard and a reason I feel the bottom in this area is upon us and a better deal than things in neigboring states. Neither of these are in a barrio, they are the cheapest way into top noth schools as well and in low crime areas with minimal rental stock.

The SFR looks and costs the same as my first house that I bought almost 20 years ago. Re-read that last sentence. For a good decade i kicked myself for selling that starter house and not making it a rental and it feels like i just stumbled onto a time machine. It is also fair to mention that when I bought that first house i think the interest rate was 8%.

The P&I for the entire $135k is $725, humor me for a minute, this falls into the affordability argument. A school teacher with a stay at home wife and a couple of babies can qualify for and comfortably afford that house, very comfortably. How 1950’s is that? I checked the comps, at peak they broke 400k for the sfr, that is no 400k house but imho, it’s no 135k house either, this is why I think it’s overshot the bottom because it costs about twice as much to rent than to buy after the tax deduction, when is the last time you saw that?

[temeculaguy]

I like the “Mesa Corollary,” It fits into what I was trying to say about the mid level rental market.

I still believe in CA, I’ve been hearing for 40 years that everyone will leave, not that Econ’s argument is a cogent one as always, just that I’ve always seen it bounce back, I feel it always will. I also agree that other states have advantages, but i don’t want rental property too far away because I plan on managing it myself.

I’m skeptical of Mo Val, jobs are the only reason to live there and that can change, so there’s more speculation in that area.

Here’s why I am the Temec cheerleader, Vegas and Pheonix prices without the drive. Two examples, one sfr and one condoish apartmentish place, the links may not last, they were listed today, unlikely they will last the weekend (another reason I am still sidelined)

http://www.redfin.com/CA/Temecula/44830-Potestas-Dr-92592/home/6246905

http://www.redfin.com/CA/Temecula/31359-Taylor-Ln-92592/home/6680030

The SFR’s fair rent is about 1400-1500 and the condo is about 1100-1300

Both are about 30 cents on the dollar from peak, the SFR is actually at it’s 1993 price. It is appealing to dog owners vs the condo, but lacks the amenities, it also has no hoa.

The condo will have hoa on the negative, however, pools, a gym, water, landscaping and trash, you have to factor that in, plus it’s newer. Neither are out on the outskirts, both are right in the middle of the most expensive zip code of the region with the best schools, they are the cheapest and smallest in that zip code, something I look for in a rental.

Just two examples of Pheonix and Vegas in your own backyard and a reason I feel the bottom in this area is upon us and a better deal than things in neigboring states. Neither of these are in a barrio, they are the cheapest way into top noth schools as well and in low crime areas with minimal rental stock.

The SFR looks and costs the same as my first house that I bought almost 20 years ago. Re-read that last sentence. For a good decade i kicked myself for selling that starter house and not making it a rental and it feels like i just stumbled onto a time machine. It is also fair to mention that when I bought that first house i think the interest rate was 8%.

The P&I for the entire $135k is $725, humor me for a minute, this falls into the affordability argument. A school teacher with a stay at home wife and a couple of babies can qualify for and comfortably afford that house, very comfortably. How 1950’s is that? I checked the comps, at peak they broke 400k for the sfr, that is no 400k house but imho, it’s no 135k house either, this is why I think it’s overshot the bottom because it costs about twice as much to rent than to buy after the tax deduction, when is the last time you saw that?

[temeculaguy]

I like the “Mesa Corollary,” It fits into what I was trying to say about the mid level rental market.

I still believe in CA, I’ve been hearing for 40 years that everyone will leave, not that Econ’s argument is a cogent one as always, just that I’ve always seen it bounce back, I feel it always will. I also agree that other states have advantages, but i don’t want rental property too far away because I plan on managing it myself.

I’m skeptical of Mo Val, jobs are the only reason to live there and that can change, so there’s more speculation in that area.

Here’s why I am the Temec cheerleader, Vegas and Pheonix prices without the drive. Two examples, one sfr and one condoish apartmentish place, the links may not last, they were listed today, unlikely they will last the weekend (another reason I am still sidelined)

http://www.redfin.com/CA/Temecula/44830-Potestas-Dr-92592/home/6246905

http://www.redfin.com/CA/Temecula/31359-Taylor-Ln-92592/home/6680030

The SFR’s fair rent is about 1400-1500 and the condo is about 1100-1300

Both are about 30 cents on the dollar from peak, the SFR is actually at it’s 1993 price. It is appealing to dog owners vs the condo, but lacks the amenities, it also has no hoa.

The condo will have hoa on the negative, however, pools, a gym, water, landscaping and trash, you have to factor that in, plus it’s newer. Neither are out on the outskirts, both are right in the middle of the most expensive zip code of the region with the best schools, they are the cheapest and smallest in that zip code, something I look for in a rental.

Just two examples of Pheonix and Vegas in your own backyard and a reason I feel the bottom in this area is upon us and a better deal than things in neigboring states. Neither of these are in a barrio, they are the cheapest way into top noth schools as well and in low crime areas with minimal rental stock.

The SFR looks and costs the same as my first house that I bought almost 20 years ago. Re-read that last sentence. For a good decade i kicked myself for selling that starter house and not making it a rental and it feels like i just stumbled onto a time machine. It is also fair to mention that when I bought that first house i think the interest rate was 8%.

The P&I for the entire $135k is $725, humor me for a minute, this falls into the affordability argument. A school teacher with a stay at home wife and a couple of babies can qualify for and comfortably afford that house, very comfortably. How 1950’s is that? I checked the comps, at peak they broke 400k for the sfr, that is no 400k house but imho, it’s no 135k house either, this is why I think it’s overshot the bottom because it costs about twice as much to rent than to buy after the tax deduction, when is the last time you saw that?

[temeculaguy]

I like the “Mesa Corollary,” It fits into what I was trying to say about the mid level rental market.

I still believe in CA, I’ve been hearing for 40 years that everyone will leave, not that Econ’s argument is a cogent one as always, just that I’ve always seen it bounce back, I feel it always will. I also agree that other states have advantages, but i don’t want rental property too far away because I plan on managing it myself.

I’m skeptical of Mo Val, jobs are the only reason to live there and that can change, so there’s more speculation in that area.

Here’s why I am the Temec cheerleader, Vegas and Pheonix prices without the drive. Two examples, one sfr and one condoish apartmentish place, the links may not last, they were listed today, unlikely they will last the weekend (another reason I am still sidelined)

http://www.redfin.com/CA/Temecula/44830-Potestas-Dr-92592/home/6246905

http://www.redfin.com/CA/Temecula/31359-Taylor-Ln-92592/home/6680030

The SFR’s fair rent is about 1400-1500 and the condo is about 1100-1300

Both are about 30 cents on the dollar from peak, the SFR is actually at it’s 1993 price. It is appealing to dog owners vs the condo, but lacks the amenities, it also has no hoa.

The condo will have hoa on the negative, however, pools, a gym, water, landscaping and trash, you have to factor that in, plus it’s newer. Neither are out on the outskirts, both are right in the middle of the most expensive zip code of the region with the best schools, they are the cheapest and smallest in that zip code, something I look for in a rental.

Just two examples of Pheonix and Vegas in your own backyard and a reason I feel the bottom in this area is upon us and a better deal than things in neigboring states. Neither of these are in a barrio, they are the cheapest way into top noth schools as well and in low crime areas with minimal rental stock.

The SFR looks and costs the same as my first house that I bought almost 20 years ago. Re-read that last sentence. For a good decade i kicked myself for selling that starter house and not making it a rental and it feels like i just stumbled onto a time machine. It is also fair to mention that when I bought that first house i think the interest rate was 8%.

The P&I for the entire $135k is $725, humor me for a minute, this falls into the affordability argument. A school teacher with a stay at home wife and a couple of babies can qualify for and comfortably afford that house, very comfortably. How 1950’s is that? I checked the comps, at peak they broke 400k for the sfr, that is no 400k house but imho, it’s no 135k house either, this is why I think it’s overshot the bottom because it costs about twice as much to rent than to buy after the tax deduction, when is the last time you saw that?

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