MM 3/2 SFR sub 300k

[Coronita]

It’s still pretty expensive though. $242/sqft????

[an]

What do you consider expensive and cheap FLU? @ $279k, with 6% interest rate and 20% down, mortgage payment would be around $1300/month. If you + tax + insurance – tax deduction, your monthly payment would be around $1500/month. A 2 bed/2 bath apartment in Mira Mesa goes for around $1500/month. Rental of such house can easily be around $1700-1800/month.

[an]

What do you consider expensive and cheap FLU? @ $279k, with 6% interest rate and 20% down, mortgage payment would be around $1300/month. If you + tax + insurance – tax deduction, your monthly payment would be around $1500/month. A 2 bed/2 bath apartment in Mira Mesa goes for around $1500/month. Rental of such house can easily be around $1700-1800/month.

[an]

What do you consider expensive and cheap FLU? @ $279k, with 6% interest rate and 20% down, mortgage payment would be around $1300/month. If you + tax + insurance – tax deduction, your monthly payment would be around $1500/month. A 2 bed/2 bath apartment in Mira Mesa goes for around $1500/month. Rental of such house can easily be around $1700-1800/month.

[an]

What do you consider expensive and cheap FLU? @ $279k, with 6% interest rate and 20% down, mortgage payment would be around $1300/month. If you + tax + insurance – tax deduction, your monthly payment would be around $1500/month. A 2 bed/2 bath apartment in Mira Mesa goes for around $1500/month. Rental of such house can easily be around $1700-1800/month.

[an]

What do you consider expensive and cheap FLU? @ $279k, with 6% interest rate and 20% down, mortgage payment would be around $1300/month. If you + tax + insurance – tax deduction, your monthly payment would be around $1500/month. A 2 bed/2 bath apartment in Mira Mesa goes for around $1500/month. Rental of such house can easily be around $1700-1800/month.

[Coronita]

I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.

[Coronita]

I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.

[Coronita]

I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.

[Coronita]

I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.

[Coronita]

I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.

[an]

I know you can’t get that kind of loan on a rental, but I’m just using it as a rent vs buy argument. As a rental, you probably have to put down at least 30% as well. I’m not saying $279k is the bottom. I’m just saying when you compare with rent, it’s cheaper than rent. So it’s no longer “expensive” to me. It could very well go to 225/sq-ft or even $200/sq-ft. But even at $279k, you’re already under “fundamental” when you compare it to rent. Everything below that is just gravy.

[an]

I know you can’t get that kind of loan on a rental, but I’m just using it as a rent vs buy argument. As a rental, you probably have to put down at least 30% as well. I’m not saying $279k is the bottom. I’m just saying when you compare with rent, it’s cheaper than rent. So it’s no longer “expensive” to me. It could very well go to 225/sq-ft or even $200/sq-ft. But even at $279k, you’re already under “fundamental” when you compare it to rent. Everything below that is just gravy.

[an]

I know you can’t get that kind of loan on a rental, but I’m just using it as a rent vs buy argument. As a rental, you probably have to put down at least 30% as well. I’m not saying $279k is the bottom. I’m just saying when you compare with rent, it’s cheaper than rent. So it’s no longer “expensive” to me. It could very well go to 225/sq-ft or even $200/sq-ft. But even at $279k, you’re already under “fundamental” when you compare it to rent. Everything below that is just gravy.

[an]

I know you can’t get that kind of loan on a rental, but I’m just using it as a rent vs buy argument. As a rental, you probably have to put down at least 30% as well. I’m not saying $279k is the bottom. I’m just saying when you compare with rent, it’s cheaper than rent. So it’s no longer “expensive” to me. It could very well go to 225/sq-ft or even $200/sq-ft. But even at $279k, you’re already under “fundamental” when you compare it to rent. Everything below that is just gravy.

[Author]

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