Buying a small condo in UTC as an investment?

[DWCAP]

[quote=SmellsFeeshy][quote=sdnerd]I’m not sure what impact the UCSD schedule has on the area. Summer is coming up, so maybe it’s that time of the year or something. I have seen a lot of moving trucks the last few weeks, and younger people & their parents carrying furniture. [/quote]

I’m guessing that due to the UCSD schedule vacancies will continue to rise and prices will continue to fall through July (spring quarter ends late June IIRC). Students should start renting again in late August so maybe rent prices will stabilize a bit then.

I remember when I was looking on Craigslist I saw a 1BR at Verano renting for something like $950/month! First sub $1000 apartment I’ve seen in UTC for a long time.
[/quote]

1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.

[SmellsFeeshy]

[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]

I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.

[SmellsFeeshy]

[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]

I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.

[SmellsFeeshy]

[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]

I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.

[SmellsFeeshy]

[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]

I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.

[SmellsFeeshy]

[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]

I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.

[kcal09]

Has anybody been following the condo market in UTC, specifically “Verano” which has multiple short sales?

[kcal09]

Has anybody been following the condo market in UTC, specifically “Verano” which has multiple short sales?

[kcal09]

Has anybody been following the condo market in UTC, specifically “Verano” which has multiple short sales?

[kcal09]

Has anybody been following the condo market in UTC, specifically “Verano” which has multiple short sales?

[kcal09]

Has anybody been following the condo market in UTC, specifically “Verano” which has multiple short sales?

[mgoldberg]

Hi kcal,

I have been following it. What would you like to know?

[mgoldberg]

Hi kcal,

I have been following it. What would you like to know?

[mgoldberg]

Hi kcal,

I have been following it. What would you like to know?

[mgoldberg]

Hi kcal,

I have been following it. What would you like to know?

[Author]

Posts