I recently spoke with 2 Coronado realtors trying to convince me that renting was a bad idea and that we should buy. “Prices are not going down and the market is strong.” One did admit that “2005 gains were suspect” and that the market could return to 2004 levels (which are still ridiculous). I mentioned that we were looking for a 2-year+ rental in anticipation of a better re-entry point in a few years. I was told that I wouldn’t be able to find a long-term rental. Most landloards will only offer a 1-year lease and then we’d have to move again. I am so discouraged. I don’t know what to think. Is it possible that prices will fall in all areas but Coronado?
Most landlords don’t want you leave after one year. That’s just a “standard” lease term. It’s far easier and cheaper to keep you as a tenant than to find someone else.
…unless you’re a troublemaker!
Don’t get discouraged and don’t let a realtor play mind games with you. I wouldn’t talk to either of these guys again if that’s what they’re coming at you with.
A good realtor doesn’t consider it his job to convince you to buy.
That’s what I thought. The info the realtor gave me is completely opposite. I’ve owned rental property and I would have loved to get a long-term lease from a good tenant.
Landlords in Coronado are used to lots of military families renting their properties. Military families usually get two or three year leases. I really don’t think you will have any trouble finding a longer lease.
Rental prices went up a lot last summer. This was partially caused by the fact that all occupants of the officer housing on the Naval Amphibious Base were moved out so that that the houses could be torn down and rebuilt (there will be more than were there before). All those people flooded the rental market at the same time.
Winter is the best time to look for a house to rent in Coronado.
EE, there’s no way that prices would fall everywhere but Coronado. It’s an easy drive from Mission Hills, Kensington, or La Jolla to Coronado. If prices were high in Coronado and relatively low in those three nice neighborhoods, folks would live in one of those three neighborhoods and drive in to Coronado.
I’m sure that you’ll find a perfectly fine rental with attractive terms, quickly.
Please share your rental experience with us.
My brother and his girlfriend are looking to rent a house in an area where they can bike around for fun. Coronado is flat and bike friendly?
Coronado is nice, wonderful place to live. Excellent schools, safe streets, terrific parks, good restaurants, nice community with friendly people, and a fiscally solvent local government.
Prices will drop 30% over the next 4-5 years. Nobody wants to talk about it, monster under the bed. Unfortunate for anybody locked in with a note they can’t afford to carry.
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