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March 13, 2008 at 6:52 PM #169493March 13, 2008 at 10:32 PM #169136
cantab
ParticipantIn the 90s, houses in PB typically rented for 0.5% per month of the purchase price. So $3000/mo rent implies $600K price by that rule of thumb. Of course, even in the mid 90s, renting was mostly cheaper than buying.
That said, I don’t believe you can get $3000 per month in PB for a 1286 sq ft house.
March 13, 2008 at 10:32 PM #169468cantab
ParticipantIn the 90s, houses in PB typically rented for 0.5% per month of the purchase price. So $3000/mo rent implies $600K price by that rule of thumb. Of course, even in the mid 90s, renting was mostly cheaper than buying.
That said, I don’t believe you can get $3000 per month in PB for a 1286 sq ft house.
March 13, 2008 at 10:32 PM #169472cantab
ParticipantIn the 90s, houses in PB typically rented for 0.5% per month of the purchase price. So $3000/mo rent implies $600K price by that rule of thumb. Of course, even in the mid 90s, renting was mostly cheaper than buying.
That said, I don’t believe you can get $3000 per month in PB for a 1286 sq ft house.
March 13, 2008 at 10:32 PM #169495cantab
ParticipantIn the 90s, houses in PB typically rented for 0.5% per month of the purchase price. So $3000/mo rent implies $600K price by that rule of thumb. Of course, even in the mid 90s, renting was mostly cheaper than buying.
That said, I don’t believe you can get $3000 per month in PB for a 1286 sq ft house.
March 13, 2008 at 10:32 PM #169572cantab
ParticipantIn the 90s, houses in PB typically rented for 0.5% per month of the purchase price. So $3000/mo rent implies $600K price by that rule of thumb. Of course, even in the mid 90s, renting was mostly cheaper than buying.
That said, I don’t believe you can get $3000 per month in PB for a 1286 sq ft house.
March 14, 2008 at 7:30 AM #169308jpinpb
ParticipantI saw a place on Missouri, just as nice, that was renting for 2k. Hard to imagine someone getting 3. But I wouldn’t have thought this place would sell for 710k. So I guess anything is possible.
March 14, 2008 at 7:30 AM #169637jpinpb
ParticipantI saw a place on Missouri, just as nice, that was renting for 2k. Hard to imagine someone getting 3. But I wouldn’t have thought this place would sell for 710k. So I guess anything is possible.
March 14, 2008 at 7:30 AM #169644jpinpb
ParticipantI saw a place on Missouri, just as nice, that was renting for 2k. Hard to imagine someone getting 3. But I wouldn’t have thought this place would sell for 710k. So I guess anything is possible.
March 14, 2008 at 7:30 AM #169665jpinpb
ParticipantI saw a place on Missouri, just as nice, that was renting for 2k. Hard to imagine someone getting 3. But I wouldn’t have thought this place would sell for 710k. So I guess anything is possible.
March 14, 2008 at 7:30 AM #169742jpinpb
ParticipantI saw a place on Missouri, just as nice, that was renting for 2k. Hard to imagine someone getting 3. But I wouldn’t have thought this place would sell for 710k. So I guess anything is possible.
March 14, 2008 at 12:06 PM #169541ibjames
ParticipantI also wouldn’t base my judgement on one place. This could be one instance out of a 100 that actually had the stars line up and it sell at a high price.
You live in PB, drive around.. for sale signs everywhere.
That is not something that makes high prices sustainable. A lot of competition out there. PB’s rep hasn’t gotten any better either.
It is a place close to the ocean though, so the real dramtic declines I don’t think are happening there. It’s going to take some time for the wave of crap to fill it’s way down the streets.
Look at Mira Mesa, and some of the outskirts. For a while it seemed like San Diego wasn’t going to really decline much, only Temecula. We are seeing declines there now, it’s starting to make it’s way to other neighborhoods too. Don’t get distracted
March 14, 2008 at 12:06 PM #169874ibjames
ParticipantI also wouldn’t base my judgement on one place. This could be one instance out of a 100 that actually had the stars line up and it sell at a high price.
You live in PB, drive around.. for sale signs everywhere.
That is not something that makes high prices sustainable. A lot of competition out there. PB’s rep hasn’t gotten any better either.
It is a place close to the ocean though, so the real dramtic declines I don’t think are happening there. It’s going to take some time for the wave of crap to fill it’s way down the streets.
Look at Mira Mesa, and some of the outskirts. For a while it seemed like San Diego wasn’t going to really decline much, only Temecula. We are seeing declines there now, it’s starting to make it’s way to other neighborhoods too. Don’t get distracted
March 14, 2008 at 12:06 PM #169878ibjames
ParticipantI also wouldn’t base my judgement on one place. This could be one instance out of a 100 that actually had the stars line up and it sell at a high price.
You live in PB, drive around.. for sale signs everywhere.
That is not something that makes high prices sustainable. A lot of competition out there. PB’s rep hasn’t gotten any better either.
It is a place close to the ocean though, so the real dramtic declines I don’t think are happening there. It’s going to take some time for the wave of crap to fill it’s way down the streets.
Look at Mira Mesa, and some of the outskirts. For a while it seemed like San Diego wasn’t going to really decline much, only Temecula. We are seeing declines there now, it’s starting to make it’s way to other neighborhoods too. Don’t get distracted
March 14, 2008 at 12:06 PM #169900ibjames
ParticipantI also wouldn’t base my judgement on one place. This could be one instance out of a 100 that actually had the stars line up and it sell at a high price.
You live in PB, drive around.. for sale signs everywhere.
That is not something that makes high prices sustainable. A lot of competition out there. PB’s rep hasn’t gotten any better either.
It is a place close to the ocean though, so the real dramtic declines I don’t think are happening there. It’s going to take some time for the wave of crap to fill it’s way down the streets.
Look at Mira Mesa, and some of the outskirts. For a while it seemed like San Diego wasn’t going to really decline much, only Temecula. We are seeing declines there now, it’s starting to make it’s way to other neighborhoods too. Don’t get distracted
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