Home › Forums › Closed Forums › Buying and Selling RE › FB turned landlord
- This topic has 180 replies, 14 voices, and was last updated 16 years, 8 months ago by
Running Bear.
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March 28, 2008 at 4:16 PM #178268March 28, 2008 at 4:18 PM #177823
Tavo
ParticipantThank you! These are the type of comments I’m looking for.
March 28, 2008 at 4:18 PM #178179ParticipantThank you! These are the type of comments I’m looking for.
March 28, 2008 at 4:18 PM #178182ParticipantThank you! These are the type of comments I’m looking for.
March 28, 2008 at 4:18 PM #178190ParticipantThank you! These are the type of comments I’m looking for.
March 28, 2008 at 4:18 PM #178278ParticipantThank you! These are the type of comments I’m looking for.
March 28, 2008 at 4:25 PM #177818vagabondo
ParticipantThe one problem I see with your downtown landlord situation is the sheer number of units currently on the market and those about to come onto the market. Most of those cranes you see are working on residential buildings. IMO the downward pressure on rents will continue as supply increases.
I love Downtown but I don’t understand the condo building going on there. Unlike Manhattan, Downtown SD has relatively little to no corporate base and limited job diversity. There will always be those who will want to live in Downtown. There just doesn’t seem to be the critical mass to support the supply there (at least at recent prices). I also believe the premium $/sq. ft. condos are the newer buildings.
In short, scrape up some cash and dump it as soon as you can.
March 28, 2008 at 4:25 PM #178174ParticipantThe one problem I see with your downtown landlord situation is the sheer number of units currently on the market and those about to come onto the market. Most of those cranes you see are working on residential buildings. IMO the downward pressure on rents will continue as supply increases.
I love Downtown but I don’t understand the condo building going on there. Unlike Manhattan, Downtown SD has relatively little to no corporate base and limited job diversity. There will always be those who will want to live in Downtown. There just doesn’t seem to be the critical mass to support the supply there (at least at recent prices). I also believe the premium $/sq. ft. condos are the newer buildings.
In short, scrape up some cash and dump it as soon as you can.
March 28, 2008 at 4:25 PM #178176ParticipantThe one problem I see with your downtown landlord situation is the sheer number of units currently on the market and those about to come onto the market. Most of those cranes you see are working on residential buildings. IMO the downward pressure on rents will continue as supply increases.
I love Downtown but I don’t understand the condo building going on there. Unlike Manhattan, Downtown SD has relatively little to no corporate base and limited job diversity. There will always be those who will want to live in Downtown. There just doesn’t seem to be the critical mass to support the supply there (at least at recent prices). I also believe the premium $/sq. ft. condos are the newer buildings.
In short, scrape up some cash and dump it as soon as you can.
March 28, 2008 at 4:25 PM #178185ParticipantThe one problem I see with your downtown landlord situation is the sheer number of units currently on the market and those about to come onto the market. Most of those cranes you see are working on residential buildings. IMO the downward pressure on rents will continue as supply increases.
I love Downtown but I don’t understand the condo building going on there. Unlike Manhattan, Downtown SD has relatively little to no corporate base and limited job diversity. There will always be those who will want to live in Downtown. There just doesn’t seem to be the critical mass to support the supply there (at least at recent prices). I also believe the premium $/sq. ft. condos are the newer buildings.
In short, scrape up some cash and dump it as soon as you can.
March 28, 2008 at 4:25 PM #178274ParticipantThe one problem I see with your downtown landlord situation is the sheer number of units currently on the market and those about to come onto the market. Most of those cranes you see are working on residential buildings. IMO the downward pressure on rents will continue as supply increases.
I love Downtown but I don’t understand the condo building going on there. Unlike Manhattan, Downtown SD has relatively little to no corporate base and limited job diversity. There will always be those who will want to live in Downtown. There just doesn’t seem to be the critical mass to support the supply there (at least at recent prices). I also believe the premium $/sq. ft. condos are the newer buildings.
In short, scrape up some cash and dump it as soon as you can.
March 28, 2008 at 4:32 PM #177838Anonymous
GuestSubmitted by Tavo on March 28, 2008 – 4:16pm.
Credit get screwed if you default on a loan (recourse or not). Like I said, I can afford the payment and don’t want my credit to get screwed. So, no, I’m not considering that option at this point. Seriously, you are reading into my last statement way too much.
What are you asking then?…
March 28, 2008 at 4:32 PM #178194GuestSubmitted by Tavo on March 28, 2008 – 4:16pm.
Credit get screwed if you default on a loan (recourse or not). Like I said, I can afford the payment and don’t want my credit to get screwed. So, no, I’m not considering that option at this point. Seriously, you are reading into my last statement way too much.
What are you asking then?…
March 28, 2008 at 4:32 PM #178196GuestSubmitted by Tavo on March 28, 2008 – 4:16pm.
Credit get screwed if you default on a loan (recourse or not). Like I said, I can afford the payment and don’t want my credit to get screwed. So, no, I’m not considering that option at this point. Seriously, you are reading into my last statement way too much.
What are you asking then?…
March 28, 2008 at 4:32 PM #178205GuestSubmitted by Tavo on March 28, 2008 – 4:16pm.
Credit get screwed if you default on a loan (recourse or not). Like I said, I can afford the payment and don’t want my credit to get screwed. So, no, I’m not considering that option at this point. Seriously, you are reading into my last statement way too much.
What are you asking then?…
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