Shall we buy or never in San Diego or wait for more depreciation?

[werewolf34]

You’re basically making an inflation bet. Do some research and see what you believe about inflation and hard assets (RE being one).

You can be priced out of a neighborhood / city over time (SF in the 2000s). If you’re sure you want to come back to SD / CA at some point, look for an asset (smaller house) which pencils better than that McMansion with the Mello Roos. That way you’re not stuck for as much out of pocket each month between now and then.

Every lever in govt has been thrown to prop up housing prices. You may see declines but I dont think they will be large enough for housing to ‘make sense’

[joestool]

Allow me to summarize:

* we will move out of San Diego in about 5 years for family reason

* If we choose to buy then on our move we either need to sell or put it on rent.

* the rent won’t cover the mortgage and property taxes as per current rates.

* On top of that managing it from far will add extra cost and issues.

So can you explain again WTF buying a place is even a remote consideration for you?

[joestool]

Allow me to summarize:

* we will move out of San Diego in about 5 years for family reason

* If we choose to buy then on our move we either need to sell or put it on rent.

* the rent won’t cover the mortgage and property taxes as per current rates.

* On top of that managing it from far will add extra cost and issues.

So can you explain again WTF buying a place is even a remote consideration for you?

[joestool]

Allow me to summarize:

* we will move out of San Diego in about 5 years for family reason

* If we choose to buy then on our move we either need to sell or put it on rent.

* the rent won’t cover the mortgage and property taxes as per current rates.

* On top of that managing it from far will add extra cost and issues.

So can you explain again WTF buying a place is even a remote consideration for you?

[joestool]

Allow me to summarize:

* we will move out of San Diego in about 5 years for family reason

* If we choose to buy then on our move we either need to sell or put it on rent.

* the rent won’t cover the mortgage and property taxes as per current rates.

* On top of that managing it from far will add extra cost and issues.

So can you explain again WTF buying a place is even a remote consideration for you?

[joestool]

Allow me to summarize:

* we will move out of San Diego in about 5 years for family reason

* If we choose to buy then on our move we either need to sell or put it on rent.

* the rent won’t cover the mortgage and property taxes as per current rates.

* On top of that managing it from far will add extra cost and issues.

So can you explain again WTF buying a place is even a remote consideration for you?

[surveyor]

$500k

Obviously the op believes that appreciation will occur over the next few years.

I will say that it is not recommended to buy a rental property of around $500k (unless multi-unit). More difficult to rent a place that requires $2000 to rent vs. a place that requires $1000 of rent. There are more renters at the $1000 price point than there is at $2000.

[surveyor]

$500k

Obviously the op believes that appreciation will occur over the next few years.

I will say that it is not recommended to buy a rental property of around $500k (unless multi-unit). More difficult to rent a place that requires $2000 to rent vs. a place that requires $1000 of rent. There are more renters at the $1000 price point than there is at $2000.

[surveyor]

$500k

Obviously the op believes that appreciation will occur over the next few years.

I will say that it is not recommended to buy a rental property of around $500k (unless multi-unit). More difficult to rent a place that requires $2000 to rent vs. a place that requires $1000 of rent. There are more renters at the $1000 price point than there is at $2000.

[surveyor]

$500k

Obviously the op believes that appreciation will occur over the next few years.

I will say that it is not recommended to buy a rental property of around $500k (unless multi-unit). More difficult to rent a place that requires $2000 to rent vs. a place that requires $1000 of rent. There are more renters at the $1000 price point than there is at $2000.

[surveyor]

$500k

Obviously the op believes that appreciation will occur over the next few years.

I will say that it is not recommended to buy a rental property of around $500k (unless multi-unit). More difficult to rent a place that requires $2000 to rent vs. a place that requires $1000 of rent. There are more renters at the $1000 price point than there is at $2000.

[patb]

[quote=surveyor]$500k

Obviously the op believes that appreciation will occur over the next few years.

.[/quote]

obviously the OP is smoking crack.

California has a 50% state budget deficit.

California has a couple million surplus dwelling units.

So what’s the thing that’s going to drive property values?

[patb]

[quote=surveyor]$500k

Obviously the op believes that appreciation will occur over the next few years.

.[/quote]

obviously the OP is smoking crack.

California has a 50% state budget deficit.

California has a couple million surplus dwelling units.

So what’s the thing that’s going to drive property values?

[patb]

[quote=surveyor]$500k

Obviously the op believes that appreciation will occur over the next few years.

.[/quote]

obviously the OP is smoking crack.

California has a 50% state budget deficit.

California has a couple million surplus dwelling units.

So what’s the thing that’s going to drive property values?

[patb]

[quote=surveyor]$500k

Obviously the op believes that appreciation will occur over the next few years.

.[/quote]

obviously the OP is smoking crack.

California has a 50% state budget deficit.

California has a couple million surplus dwelling units.

So what’s the thing that’s going to drive property values?

[Author]

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