NOD’s

[powayseller]

Census Data shows a net exodus of 43,000 people from San Diego County last year.

Where’d you get the data for the owner categories?

How many professional families locate here every day? Versus how many are leaving? Could you provide the source?

“Negative attitude”, not having an “open mind”, being “negative”, “extreme views”, “off the mark”.

Scorecard:
-1 sdrealtor for calling names, +1 powayseller for not calling names back

[powayseller]

Census Data shows a of 43,000 people from San Diego County last year. Again, I have to educate the realtor….

Where’d you get the data for the owner categories?

How many professional families locate here every day? Versus how many are leaving? Please quote your source.

“Negative attitude”, not having an “open mind”, being “negative”, “extreme views”, “off the mark”. I’m real disappointed in you. I thought you could learn some manners, debate points, but I’m too threatening to you. What scares you about me?

[4plexowner]

I’m curious what jobs these ‘tons of professional families’ are filling?

I’m a software engineer at one of the largest single employers in San Diego and there isn’t any job growth here.

One of the guidelines I used when screening tenants was that their monthly income needed to be 2.5 or 3 times the rent.

2.5 times $2500 is $6250/mo or $75k/year.

How many new jobs are being created in San Diego that pay $75K/year?

I have heard the argument that demand for rental housing increases as a real estate market cools but I don’t buy it. As powayseller points out, the people who will be losing homes won’t have the finances to rent a $2500/month house. Not to mention the fact that many landlords aren’t going to rent to someone who has just been foreclosed or who just mailed the keys back to the bank.

You didn’t rag on me about my negative attitude but if powayseller has one then I must have one too.

But is it really a negative attitude or is it disgust and frustration at a country that is corrupt from top to bottom?

And then when we try to share with people that the country is headed for financial disaster they treat us like we have three heads or leprosy or something.

I won’t speak for powayseller, but personally, after almost 5 years of trying to educate people, I have lots of days where I say to myself, “F**k ’em, they’ll get exactly what they deserve.”

[sdrealtor]

The differnce is you are talking in the hypothetical world full of assumptions and I am talking in the real world. I dont know where they are working just that they keep on turning up to look at my listings. I have listings in the 800K to 1M range that have been shown an average of more than 1 time/day. I speak with their agents all the time and thats what they are, young professional families moving into the area. $75K is not a high paying job most make at least double that. Some work for major companies, some work for mid size companies, some work for start ups, some work from home, hell some dont work at all and just surf all day. All I know is they just keep coming. I know many are leaving too but as the market disintegrates many who would have bought would prefer to rent. I have a list of 6 families desperately seeking a nice SFR to rent in a nice neighborhood with good schools. If I have that many, so do other productive agents. In my immediate neighborhood, there are 6 rentals. Three owned by investors that bought in the late 90’s with 30 year fixed mortgages that wont sell anytime soon. Two people that moved up and kept the house as an investment. The last moved out of the country and is holding onto the house so they can come back someday. All have owned for more than 6 years and based upon the size of their loans, their taxes and insurance and market rents all are cash flow positive about $500/month. They typically rent within 1 week when they come on the market and I could personally rent all 6 out today.

[powayseller]

negative attitude, not having an open mind, so negative, extreme views….I’m keeping score, and asking for …

RESPECT.

Let’s use it.

Now let’s get back to work (on the issues).

[powayseller]

oops – the above post didn’t post properly the first time. Above is the Census data for population exodus.

[Author]

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