Buying a small condo in UTC as an investment?

[Coronita]

I haven’t been looking lately in CV. I saw this though.

http://www.sdlookup.com/MLS-080072978-12507_El_Camino_Real_A_San_Diego_Ca_92130

Are you shxtting me? That’s not just insane, this orgasmic insane. Are we back to 2005 pricing or something? I must have missed the past 6-8 months of appreciation.

Side note. Looking on sdlookup, I can’t help but see the entries for.

Del Mar Villas
Del Mar Villas
Del Mar Villas
Del Mar Villas
Del Mar Villas
Del Mar Villas

The Heights
The Heights
The Heights
The Heights
The Heights

Pell Place
Pell Place
Pell Place
Pell Place
Pell Place
Pell Place
Pell Place

🙂

Looks like the attached inventory is somewhat less than I previously looked a couple of months ago. Perhaps it’s just me, but it seems like what is active looks less than appealing.

[mwtosd]

[quote=flu]I haven’t been looking lately in CV. I saw this though.

http://www.sdlookup.com/MLS-080072978-12507_El_Camino_Real_A_San_Diego_Ca_92130

Are you shxtting me? That’s not just insane, this orgasmic insane. Are we back to 2005 pricing or something? I must have missed the past 6-8 months of appreciation.

[/quote]

Well to be fair they did drop the price by a whole $900 on December 21. 🙂

[mwtosd]

[quote=flu]I haven’t been looking lately in CV. I saw this though.

http://www.sdlookup.com/MLS-080072978-12507_El_Camino_Real_A_San_Diego_Ca_92130

Are you shxtting me? That’s not just insane, this orgasmic insane. Are we back to 2005 pricing or something? I must have missed the past 6-8 months of appreciation.

[/quote]

Well to be fair they did drop the price by a whole $900 on December 21. 🙂

[mwtosd]

[quote=flu]I haven’t been looking lately in CV. I saw this though.

http://www.sdlookup.com/MLS-080072978-12507_El_Camino_Real_A_San_Diego_Ca_92130

Are you shxtting me? That’s not just insane, this orgasmic insane. Are we back to 2005 pricing or something? I must have missed the past 6-8 months of appreciation.

[/quote]

Well to be fair they did drop the price by a whole $900 on December 21. 🙂

[mwtosd]

[quote=flu]I haven’t been looking lately in CV. I saw this though.

http://www.sdlookup.com/MLS-080072978-12507_El_Camino_Real_A_San_Diego_Ca_92130

Are you shxtting me? That’s not just insane, this orgasmic insane. Are we back to 2005 pricing or something? I must have missed the past 6-8 months of appreciation.

[/quote]

Well to be fair they did drop the price by a whole $900 on December 21. 🙂

[mwtosd]

[quote=flu]I haven’t been looking lately in CV. I saw this though.

http://www.sdlookup.com/MLS-080072978-12507_El_Camino_Real_A_San_Diego_Ca_92130

Are you shxtting me? That’s not just insane, this orgasmic insane. Are we back to 2005 pricing or something? I must have missed the past 6-8 months of appreciation.

[/quote]

Well to be fair they did drop the price by a whole $900 on December 21. 🙂

[4plexowner]

Ash Housewares – it is Surveyor with the out-of-state properties – I have less than zero interest in owning any real estate that I can’t get to in an hour or less

one of my properties was in IB – about 45 minute drive with no traffic and as much as 2 hour drive in rush hour / weekend traffic – I decided that even IB was too far away to own rentals

looked at a property in Oceanside (which is even further away from me) – just a few drives up to view / inspect the property kept me from following through on my offer – the property was just too far away for me to manage

I’ll caveat all of this with the fact that I was working full time and managing multiple properties myself – if property mgmt were my only job (yuck!!!) I might be willing to have properties that were more than an hour away

FYI – numerous real estate investment books will tell you that being an out-of-state / distant landlord is not the best idea

[4plexowner]

Ash Housewares – it is Surveyor with the out-of-state properties – I have less than zero interest in owning any real estate that I can’t get to in an hour or less

one of my properties was in IB – about 45 minute drive with no traffic and as much as 2 hour drive in rush hour / weekend traffic – I decided that even IB was too far away to own rentals

looked at a property in Oceanside (which is even further away from me) – just a few drives up to view / inspect the property kept me from following through on my offer – the property was just too far away for me to manage

I’ll caveat all of this with the fact that I was working full time and managing multiple properties myself – if property mgmt were my only job (yuck!!!) I might be willing to have properties that were more than an hour away

FYI – numerous real estate investment books will tell you that being an out-of-state / distant landlord is not the best idea

[4plexowner]

Ash Housewares – it is Surveyor with the out-of-state properties – I have less than zero interest in owning any real estate that I can’t get to in an hour or less

one of my properties was in IB – about 45 minute drive with no traffic and as much as 2 hour drive in rush hour / weekend traffic – I decided that even IB was too far away to own rentals

looked at a property in Oceanside (which is even further away from me) – just a few drives up to view / inspect the property kept me from following through on my offer – the property was just too far away for me to manage

I’ll caveat all of this with the fact that I was working full time and managing multiple properties myself – if property mgmt were my only job (yuck!!!) I might be willing to have properties that were more than an hour away

FYI – numerous real estate investment books will tell you that being an out-of-state / distant landlord is not the best idea

[4plexowner]

Ash Housewares – it is Surveyor with the out-of-state properties – I have less than zero interest in owning any real estate that I can’t get to in an hour or less

one of my properties was in IB – about 45 minute drive with no traffic and as much as 2 hour drive in rush hour / weekend traffic – I decided that even IB was too far away to own rentals

looked at a property in Oceanside (which is even further away from me) – just a few drives up to view / inspect the property kept me from following through on my offer – the property was just too far away for me to manage

I’ll caveat all of this with the fact that I was working full time and managing multiple properties myself – if property mgmt were my only job (yuck!!!) I might be willing to have properties that were more than an hour away

FYI – numerous real estate investment books will tell you that being an out-of-state / distant landlord is not the best idea

[4plexowner]

Ash Housewares – it is Surveyor with the out-of-state properties – I have less than zero interest in owning any real estate that I can’t get to in an hour or less

one of my properties was in IB – about 45 minute drive with no traffic and as much as 2 hour drive in rush hour / weekend traffic – I decided that even IB was too far away to own rentals

looked at a property in Oceanside (which is even further away from me) – just a few drives up to view / inspect the property kept me from following through on my offer – the property was just too far away for me to manage

I’ll caveat all of this with the fact that I was working full time and managing multiple properties myself – if property mgmt were my only job (yuck!!!) I might be willing to have properties that were more than an hour away

FYI – numerous real estate investment books will tell you that being an out-of-state / distant landlord is not the best idea

[SanDiegoDave]

[quote=4plexowner]
incompetence and indifference are running rife in our society – it doesn’t matter that you are paying good money for a ‘professional’ service, the mgmt company is very unlikely to do things in a manner that you find acceptable[/quote]

I totally agree. Even in a well-funded & stable condo/HOA we cannot find a management company who gives a sh*t and can do their job with a decent level of competence.

Usually when unemployment goes up, customer service gets better. Doesn’t seem to be the case this time. There probably just aren’t enough people unemployed yet.

[SanDiegoDave]

[quote=4plexowner]
incompetence and indifference are running rife in our society – it doesn’t matter that you are paying good money for a ‘professional’ service, the mgmt company is very unlikely to do things in a manner that you find acceptable[/quote]

I totally agree. Even in a well-funded & stable condo/HOA we cannot find a management company who gives a sh*t and can do their job with a decent level of competence.

Usually when unemployment goes up, customer service gets better. Doesn’t seem to be the case this time. There probably just aren’t enough people unemployed yet.

[SanDiegoDave]

[quote=4plexowner]
incompetence and indifference are running rife in our society – it doesn’t matter that you are paying good money for a ‘professional’ service, the mgmt company is very unlikely to do things in a manner that you find acceptable[/quote]

I totally agree. Even in a well-funded & stable condo/HOA we cannot find a management company who gives a sh*t and can do their job with a decent level of competence.

Usually when unemployment goes up, customer service gets better. Doesn’t seem to be the case this time. There probably just aren’t enough people unemployed yet.

[SanDiegoDave]

[quote=4plexowner]
incompetence and indifference are running rife in our society – it doesn’t matter that you are paying good money for a ‘professional’ service, the mgmt company is very unlikely to do things in a manner that you find acceptable[/quote]

I totally agree. Even in a well-funded & stable condo/HOA we cannot find a management company who gives a sh*t and can do their job with a decent level of competence.

Usually when unemployment goes up, customer service gets better. Doesn’t seem to be the case this time. There probably just aren’t enough people unemployed yet.

[Author]

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