Should I buy or rent? New graduate student at UCSD

[rEQ]

Yeah feraina, the company deal is really sweet. We all like to complain and moan about it from time to time but the resources, guidance and freedom over our jobs that they give us is amazing. Been working here for a year since graduation and will be headed back for further studies in a bit.

In response to earlier posts, my annual costs of rental is down to 11k. Factoring cost of ownership with HOA, insurance, taxes etc, the per annum differential between renting and owning is only 4k, an amount that could be easily wiped out with a further downturn in the market, so my current position is to wait for 6 months to a year before buying. Then again is a property comes along with a large enough discount over current market valuations, who knows..

[feraina]

How did you manage to get a 2Bd rental down to 11K?

I wonder if the SFR’s in Penasquitos would ever come down to around 300K (our target). The cheapest right now seems to be this little 2/1 at 350K:
http://www.sdlookup.com/MLS-071090425-13713_Paseo_Cevera_San_Diego_CA_92129

[feraina]

How did you manage to get a 2Bd rental down to 11K?

I wonder if the SFR’s in Penasquitos would ever come down to around 300K (our target). The cheapest right now seems to be this little 2/1 at 350K:
http://www.sdlookup.com/MLS-071090425-13713_Paseo_Cevera_San_Diego_CA_92129

[feraina]

How did you manage to get a 2Bd rental down to 11K?

I wonder if the SFR’s in Penasquitos would ever come down to around 300K (our target). The cheapest right now seems to be this little 2/1 at 350K:
http://www.sdlookup.com/MLS-071090425-13713_Paseo_Cevera_San_Diego_CA_92129

[feraina]

How did you manage to get a 2Bd rental down to 11K?

I wonder if the SFR’s in Penasquitos would ever come down to around 300K (our target). The cheapest right now seems to be this little 2/1 at 350K:
http://www.sdlookup.com/MLS-071090425-13713_Paseo_Cevera_San_Diego_CA_92129

[feraina]

How did you manage to get a 2Bd rental down to 11K?

I wonder if the SFR’s in Penasquitos would ever come down to around 300K (our target). The cheapest right now seems to be this little 2/1 at 350K:
http://www.sdlookup.com/MLS-071090425-13713_Paseo_Cevera_San_Diego_CA_92129

[nostradamus]

Congrats on the grad school, I think you’ll find that UCSD ain’t easy. I went there me self.

I just spoke to my friend who lives in grad student housing. They pay $768/mo for a 2br/1ba in the Mesa apartments. This covers ALL UTILITIES as well. She said, though, that newer students are being asked to pay more to “bring the rents up to market value”.

[nostradamus]

Congrats on the grad school, I think you’ll find that UCSD ain’t easy. I went there me self.

I just spoke to my friend who lives in grad student housing. They pay $768/mo for a 2br/1ba in the Mesa apartments. This covers ALL UTILITIES as well. She said, though, that newer students are being asked to pay more to “bring the rents up to market value”.

[nostradamus]

Congrats on the grad school, I think you’ll find that UCSD ain’t easy. I went there me self.

I just spoke to my friend who lives in grad student housing. They pay $768/mo for a 2br/1ba in the Mesa apartments. This covers ALL UTILITIES as well. She said, though, that newer students are being asked to pay more to “bring the rents up to market value”.

[nostradamus]

Congrats on the grad school, I think you’ll find that UCSD ain’t easy. I went there me self.

I just spoke to my friend who lives in grad student housing. They pay $768/mo for a 2br/1ba in the Mesa apartments. This covers ALL UTILITIES as well. She said, though, that newer students are being asked to pay more to “bring the rents up to market value”.

[nostradamus]

Congrats on the grad school, I think you’ll find that UCSD ain’t easy. I went there me self.

I just spoke to my friend who lives in grad student housing. They pay $768/mo for a 2br/1ba in the Mesa apartments. This covers ALL UTILITIES as well. She said, though, that newer students are being asked to pay more to “bring the rents up to market value”.

[just someone]

Suggestion.
Don’t just jump in to the area and buy. Rent first. Grad students are the preferred over undergraduates… use that to ask for a little price break. Ask your advisor’s present students if they know of any good places that might be opening up (aka grad students graduating).

Once you have rented, Walk around the complexes and find a few that you like. Complexes have different characters Wander around complexes on weekdays and weekend night and days (and during commute hours). Find out when the board meetings are, and attend them. See how the uscd/public transit system to the complex works. This can save you about $70/month.

While the area around campus is not as distressed as other areas, there are still distressed properties, and those affect some complexes more than others. Prices have not fallen in line with rents… but they have dropped a good deal. Odds are they will continue to drop… and if they don’t then they should stay flat.

[just someone]

Suggestion.
Don’t just jump in to the area and buy. Rent first. Grad students are the preferred over undergraduates… use that to ask for a little price break. Ask your advisor’s present students if they know of any good places that might be opening up (aka grad students graduating).

Once you have rented, Walk around the complexes and find a few that you like. Complexes have different characters Wander around complexes on weekdays and weekend night and days (and during commute hours). Find out when the board meetings are, and attend them. See how the uscd/public transit system to the complex works. This can save you about $70/month.

While the area around campus is not as distressed as other areas, there are still distressed properties, and those affect some complexes more than others. Prices have not fallen in line with rents… but they have dropped a good deal. Odds are they will continue to drop… and if they don’t then they should stay flat.

[just someone]

Suggestion.
Don’t just jump in to the area and buy. Rent first. Grad students are the preferred over undergraduates… use that to ask for a little price break. Ask your advisor’s present students if they know of any good places that might be opening up (aka grad students graduating).

Once you have rented, Walk around the complexes and find a few that you like. Complexes have different characters Wander around complexes on weekdays and weekend night and days (and during commute hours). Find out when the board meetings are, and attend them. See how the uscd/public transit system to the complex works. This can save you about $70/month.

While the area around campus is not as distressed as other areas, there are still distressed properties, and those affect some complexes more than others. Prices have not fallen in line with rents… but they have dropped a good deal. Odds are they will continue to drop… and if they don’t then they should stay flat.

[just someone]

Suggestion.
Don’t just jump in to the area and buy. Rent first. Grad students are the preferred over undergraduates… use that to ask for a little price break. Ask your advisor’s present students if they know of any good places that might be opening up (aka grad students graduating).

Once you have rented, Walk around the complexes and find a few that you like. Complexes have different characters Wander around complexes on weekdays and weekend night and days (and during commute hours). Find out when the board meetings are, and attend them. See how the uscd/public transit system to the complex works. This can save you about $70/month.

While the area around campus is not as distressed as other areas, there are still distressed properties, and those affect some complexes more than others. Prices have not fallen in line with rents… but they have dropped a good deal. Odds are they will continue to drop… and if they don’t then they should stay flat.

[Author]

Posts