Home › Forums › Financial Markets/Economics › Buying a small condo in UTC as an investment?
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kcal09.
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April 7, 2009 at 4:45 PM #378173April 7, 2009 at 4:55 PM #377554
jamsvet
ParticipantJust because something seems to work out on paper doesn’t mean that it will work out in practice. I’ve had rentals for about 20 years. I’ve always done my own maintenance and tenant screening and yes, I have been burned a few times. There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.
April 7, 2009 at 4:55 PM #377831ParticipantJust because something seems to work out on paper doesn’t mean that it will work out in practice. I’ve had rentals for about 20 years. I’ve always done my own maintenance and tenant screening and yes, I have been burned a few times. There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.
April 7, 2009 at 4:55 PM #378009ParticipantJust because something seems to work out on paper doesn’t mean that it will work out in practice. I’ve had rentals for about 20 years. I’ve always done my own maintenance and tenant screening and yes, I have been burned a few times. There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.
April 7, 2009 at 4:55 PM #378052ParticipantJust because something seems to work out on paper doesn’t mean that it will work out in practice. I’ve had rentals for about 20 years. I’ve always done my own maintenance and tenant screening and yes, I have been burned a few times. There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.
April 7, 2009 at 4:55 PM #378177ParticipantJust because something seems to work out on paper doesn’t mean that it will work out in practice. I’ve had rentals for about 20 years. I’ve always done my own maintenance and tenant screening and yes, I have been burned a few times. There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.
April 7, 2009 at 5:09 PM #377564an
Participant[quote=jamsvet]There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.[/quote]
Are you referring to San Diego SFR only?April 7, 2009 at 5:09 PM #377841Participant[quote=jamsvet]There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.[/quote]
Are you referring to San Diego SFR only?April 7, 2009 at 5:09 PM #378019Participant[quote=jamsvet]There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.[/quote]
Are you referring to San Diego SFR only?April 7, 2009 at 5:09 PM #378061Participant[quote=jamsvet]There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.[/quote]
Are you referring to San Diego SFR only?April 7, 2009 at 5:09 PM #378187Participant[quote=jamsvet]There’s nothing on the market today that would tempt me to make the plunge into more properties. Everything is overpriced and you can’t hope to make it up through appreciation. Try carrying a SFR for two months with no rent. Sure skew your figures.[/quote]
Are you referring to San Diego SFR only?April 7, 2009 at 5:33 PM #377578
CoronitaParticipantAt the risk of sounding pessimistic…What is the rental situation in UTC these days? I mean it seems like there was a glut of developers building new apartments (for example, the one right of the 805 onramp on La Jolla Village dr/miramar rd entrance). And I see a bunch of for rent signs from condo convert owners.
Thoughts?
April 7, 2009 at 5:33 PM #377856CoronitaParticipantAt the risk of sounding pessimistic…What is the rental situation in UTC these days? I mean it seems like there was a glut of developers building new apartments (for example, the one right of the 805 onramp on La Jolla Village dr/miramar rd entrance). And I see a bunch of for rent signs from condo convert owners.
Thoughts?
April 7, 2009 at 5:33 PM #378034CoronitaParticipantAt the risk of sounding pessimistic…What is the rental situation in UTC these days? I mean it seems like there was a glut of developers building new apartments (for example, the one right of the 805 onramp on La Jolla Village dr/miramar rd entrance). And I see a bunch of for rent signs from condo convert owners.
Thoughts?
April 7, 2009 at 5:33 PM #378076CoronitaParticipantAt the risk of sounding pessimistic…What is the rental situation in UTC these days? I mean it seems like there was a glut of developers building new apartments (for example, the one right of the 805 onramp on La Jolla Village dr/miramar rd entrance). And I see a bunch of for rent signs from condo convert owners.
Thoughts?
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