Otay Ranch Condos

[Sea2SanD]

[quote=deadzone]Do you really think you can rent it in 2011 and be cash flow positive??? I doubt it. You are correct that the right time to buy a house is 2011 or later. If you buy a condo now, you may be stuck with it in 2011. It may work out if you are lucky, but too risky. Plus, why the heck would you want to live in Otay? That’s a far cry from S.R. [/quote]

Rents could (and probably will) drop, but it will still be pretty close to break even, if not positive. It just depends on what I pay, but it looks promising. There are lot of foreclosures coming.

I don’t know that I do want to live in Otay, but an awful lot people wanted to live there enough to pay (okay, borrow) $400K-$500K.

But, we’ll see…

[Jim Jones]

I live in the area and it is nice in the SFR communities but the condo communities leave something to be desired.

[Jim Jones]

I live in the area and it is nice in the SFR communities but the condo communities leave something to be desired.

[Jim Jones]

I live in the area and it is nice in the SFR communities but the condo communities leave something to be desired.

[Jim Jones]

I live in the area and it is nice in the SFR communities but the condo communities leave something to be desired.

[Jim Jones]

I live in the area and it is nice in the SFR communities but the condo communities leave something to be desired.

[AK]

Take a very close look at tax rates, HOA fees, Mello-Roos, etc., and compare to other areas. The differences in your monthly expenses are significant, like more than a car payment.

[AK]

Take a very close look at tax rates, HOA fees, Mello-Roos, etc., and compare to other areas. The differences in your monthly expenses are significant, like more than a car payment.

[AK]

Take a very close look at tax rates, HOA fees, Mello-Roos, etc., and compare to other areas. The differences in your monthly expenses are significant, like more than a car payment.

[AK]

Take a very close look at tax rates, HOA fees, Mello-Roos, etc., and compare to other areas. The differences in your monthly expenses are significant, like more than a car payment.

[AK]

Take a very close look at tax rates, HOA fees, Mello-Roos, etc., and compare to other areas. The differences in your monthly expenses are significant, like more than a car payment.

[CA renter]

Also consider the potential for them to hit you up for “special assessments.” This is one of the main reasons we will not buy a condo. Your expenses are no more “fixed” than if you rented. HOAs can go up, sometimes drastically, and those special assessments can kill you financially.

Good luck with whatever you decide! 🙂

[CA renter]

Also consider the potential for them to hit you up for “special assessments.” This is one of the main reasons we will not buy a condo. Your expenses are no more “fixed” than if you rented. HOAs can go up, sometimes drastically, and those special assessments can kill you financially.

Good luck with whatever you decide! 🙂

[CA renter]

Also consider the potential for them to hit you up for “special assessments.” This is one of the main reasons we will not buy a condo. Your expenses are no more “fixed” than if you rented. HOAs can go up, sometimes drastically, and those special assessments can kill you financially.

Good luck with whatever you decide! 🙂

[CA renter]

Also consider the potential for them to hit you up for “special assessments.” This is one of the main reasons we will not buy a condo. Your expenses are no more “fixed” than if you rented. HOAs can go up, sometimes drastically, and those special assessments can kill you financially.

Good luck with whatever you decide! 🙂

[Author]

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