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davelj.
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March 17, 2011 at 12:51 PM #679071March 17, 2011 at 1:51 PM #677986
(former)FormerSanDiegan
ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
March 17, 2011 at 1:51 PM #678043ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
March 17, 2011 at 1:51 PM #678644ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
March 17, 2011 at 1:51 PM #678778ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
March 17, 2011 at 1:51 PM #679121ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
March 17, 2011 at 2:25 PM #678026davelj
ParticipantLet’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.
March 17, 2011 at 2:25 PM #678082ParticipantLet’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.
March 17, 2011 at 2:25 PM #678684ParticipantLet’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.
March 17, 2011 at 2:25 PM #678818ParticipantLet’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.
March 17, 2011 at 2:25 PM #679160ParticipantLet’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.
March 17, 2011 at 4:42 PM #678070Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 4:42 PM #678124Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 4:42 PM #678726Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 4:42 PM #678861Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
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