- This topic has 260 replies, 22 voices, and was last updated 14 years, 7 months ago by an.
-
AuthorPosts
-
February 19, 2010 at 2:20 PM #516100February 19, 2010 at 10:01 PM #515460temeculaguyParticipant
You are right AN, the multipler goes up with the sfr’s and the sq feet. A 2k rent sfr up here is 300-350k right now, it was 260-300k a year ago. So it was 150x and below, now it’s crept above that, but it’s still close. Big sfr’s aren’t good rentals, I just use the numbers for comparisons to value.
The example I used dropped from 400k to 150k, so 55-70% from peak isn’t impossible, it happened. It may not happen in your town, it may not happen again, but it happened.
February 19, 2010 at 10:01 PM #515603temeculaguyParticipantYou are right AN, the multipler goes up with the sfr’s and the sq feet. A 2k rent sfr up here is 300-350k right now, it was 260-300k a year ago. So it was 150x and below, now it’s crept above that, but it’s still close. Big sfr’s aren’t good rentals, I just use the numbers for comparisons to value.
The example I used dropped from 400k to 150k, so 55-70% from peak isn’t impossible, it happened. It may not happen in your town, it may not happen again, but it happened.
February 19, 2010 at 10:01 PM #516026temeculaguyParticipantYou are right AN, the multipler goes up with the sfr’s and the sq feet. A 2k rent sfr up here is 300-350k right now, it was 260-300k a year ago. So it was 150x and below, now it’s crept above that, but it’s still close. Big sfr’s aren’t good rentals, I just use the numbers for comparisons to value.
The example I used dropped from 400k to 150k, so 55-70% from peak isn’t impossible, it happened. It may not happen in your town, it may not happen again, but it happened.
February 19, 2010 at 10:01 PM #516116temeculaguyParticipantYou are right AN, the multipler goes up with the sfr’s and the sq feet. A 2k rent sfr up here is 300-350k right now, it was 260-300k a year ago. So it was 150x and below, now it’s crept above that, but it’s still close. Big sfr’s aren’t good rentals, I just use the numbers for comparisons to value.
The example I used dropped from 400k to 150k, so 55-70% from peak isn’t impossible, it happened. It may not happen in your town, it may not happen again, but it happened.
February 19, 2010 at 10:01 PM #516367temeculaguyParticipantYou are right AN, the multipler goes up with the sfr’s and the sq feet. A 2k rent sfr up here is 300-350k right now, it was 260-300k a year ago. So it was 150x and below, now it’s crept above that, but it’s still close. Big sfr’s aren’t good rentals, I just use the numbers for comparisons to value.
The example I used dropped from 400k to 150k, so 55-70% from peak isn’t impossible, it happened. It may not happen in your town, it may not happen again, but it happened.
February 19, 2010 at 10:32 PM #515485Nor-LA-SD-guyParticipantIn Murrieta you can find a SFH for under 150K, maybe built in the 80’s maybe 1000-1500 sqf. Probably in need of some TLC.
Just have to look.
You could have gotten some of these for around 80 to 120K a year ago.
February 19, 2010 at 10:32 PM #515627Nor-LA-SD-guyParticipantIn Murrieta you can find a SFH for under 150K, maybe built in the 80’s maybe 1000-1500 sqf. Probably in need of some TLC.
Just have to look.
You could have gotten some of these for around 80 to 120K a year ago.
February 19, 2010 at 10:32 PM #516050Nor-LA-SD-guyParticipantIn Murrieta you can find a SFH for under 150K, maybe built in the 80’s maybe 1000-1500 sqf. Probably in need of some TLC.
Just have to look.
You could have gotten some of these for around 80 to 120K a year ago.
February 19, 2010 at 10:32 PM #516141Nor-LA-SD-guyParticipantIn Murrieta you can find a SFH for under 150K, maybe built in the 80’s maybe 1000-1500 sqf. Probably in need of some TLC.
Just have to look.
You could have gotten some of these for around 80 to 120K a year ago.
February 19, 2010 at 10:32 PM #516392Nor-LA-SD-guyParticipantIn Murrieta you can find a SFH for under 150K, maybe built in the 80’s maybe 1000-1500 sqf. Probably in need of some TLC.
Just have to look.
You could have gotten some of these for around 80 to 120K a year ago.
February 19, 2010 at 10:57 PM #515489ScarlettParticipantTownhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.
It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.
FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.
I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.
February 19, 2010 at 10:57 PM #515632ScarlettParticipantTownhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.
It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.
FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.
I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.
February 19, 2010 at 10:57 PM #516055ScarlettParticipantTownhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.
It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.
FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.
I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.
February 19, 2010 at 10:57 PM #516146ScarlettParticipantTownhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.
It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.
FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.
I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.
-
AuthorPosts
- You must be logged in to reply to this topic.