The Carlsbad zillow link shows there are problems with very high end rentals. It was listed at $6595 on 8/28, and a bunch of price cuts followed. It’s empty now, and who knows how long before.
If this were 2 units half each half its size, they would have rented easily given how ultra tight the market is.
When you get to that price range, renters also have high expectations and complain more.
Exactly that’s a dumpy 3br twin home. It should be listed at no more than $4k. A decent single family would have many apps. Nice homes listed much higher have no issues either. There are tons of high priced rentals up here, in fact the high end rental market here seems to be significantly stronger than in Carmel Valley. My 5/3 2700 sq ft nothing special but in a nice neighborhood would rent very easily for $6k.
One of my good friends never had an issue renting her 3200 sq ft tract home with a nice view for $8k until she sold it last year
Having been invested in LJ for years, for us, it’s always been a great market. It has changed to some degree over the years, and now that just about every area of town is exploding, some, of course, more than others, everyone who owns property here is in a great position to take advantage of their good fortune. Ya gotta love that the newbies don’t mind spending big bucks to live here. Timing IS everything.
[quote=barnaby33]How did this thread turn into a pissing contest?
Josh[/quote]
It’s not a contest. All the suburban beach towns are on fire along the coast. Prices and rents insane. Demand for both equally insane. The old rules no longer apply. Didn’t see that coming
Agree, sdr. We definitely did not see this coming, so it’s a bonus we never expected.
Certain elements evolving from the pandemic have given many people the option of finally living the lives they want to live, as we’ve all been doing for many years in San Diego. It will be interesting to see how the future unfolds.
