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(former)FormerSanDiegan.
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May 29, 2008 at 10:28 AM #213601May 29, 2008 at 11:29 AM #213515
jumbo
ParticipantMy rental is a 4br/3.5 bath at about 3000 sqft. It’s an older CV homes with some updates. It’s in an ideal location for us (great culdesac/neighbors, close to park/school, beach, I-5). I looked at other rentals recently and the rent was not totally out of line.
May 29, 2008 at 11:29 AM #213592jumbo
ParticipantMy rental is a 4br/3.5 bath at about 3000 sqft. It’s an older CV homes with some updates. It’s in an ideal location for us (great culdesac/neighbors, close to park/school, beach, I-5). I looked at other rentals recently and the rent was not totally out of line.
May 29, 2008 at 11:29 AM #213619jumbo
ParticipantMy rental is a 4br/3.5 bath at about 3000 sqft. It’s an older CV homes with some updates. It’s in an ideal location for us (great culdesac/neighbors, close to park/school, beach, I-5). I looked at other rentals recently and the rent was not totally out of line.
May 29, 2008 at 11:29 AM #213642jumbo
ParticipantMy rental is a 4br/3.5 bath at about 3000 sqft. It’s an older CV homes with some updates. It’s in an ideal location for us (great culdesac/neighbors, close to park/school, beach, I-5). I looked at other rentals recently and the rent was not totally out of line.
May 29, 2008 at 11:29 AM #213672jumbo
ParticipantMy rental is a 4br/3.5 bath at about 3000 sqft. It’s an older CV homes with some updates. It’s in an ideal location for us (great culdesac/neighbors, close to park/school, beach, I-5). I looked at other rentals recently and the rent was not totally out of line.
May 29, 2008 at 5:01 PM #213775Anonymous
GuestWonderful responses for pricing bottom model piggs. This site is great. Using other methods for pricing, such as renting to mortgage ratio or a different annual appreciation rate, can I have your estimates of what a 2000 sq.ft. 4b home should be priced in 2008 at say San Marcos if reasonable historical housing trends had been followed (and not crazed buying frenzy of last few years). BTW I acknowledge an error that was pointed out. I actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate. So if someone thinks $400,000 is too high, what do you think a reasonable figure should be and why?
May 29, 2008 at 5:01 PM #213850Anonymous
GuestWonderful responses for pricing bottom model piggs. This site is great. Using other methods for pricing, such as renting to mortgage ratio or a different annual appreciation rate, can I have your estimates of what a 2000 sq.ft. 4b home should be priced in 2008 at say San Marcos if reasonable historical housing trends had been followed (and not crazed buying frenzy of last few years). BTW I acknowledge an error that was pointed out. I actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate. So if someone thinks $400,000 is too high, what do you think a reasonable figure should be and why?
May 29, 2008 at 5:01 PM #213876Anonymous
GuestWonderful responses for pricing bottom model piggs. This site is great. Using other methods for pricing, such as renting to mortgage ratio or a different annual appreciation rate, can I have your estimates of what a 2000 sq.ft. 4b home should be priced in 2008 at say San Marcos if reasonable historical housing trends had been followed (and not crazed buying frenzy of last few years). BTW I acknowledge an error that was pointed out. I actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate. So if someone thinks $400,000 is too high, what do you think a reasonable figure should be and why?
May 29, 2008 at 5:01 PM #213904Anonymous
GuestWonderful responses for pricing bottom model piggs. This site is great. Using other methods for pricing, such as renting to mortgage ratio or a different annual appreciation rate, can I have your estimates of what a 2000 sq.ft. 4b home should be priced in 2008 at say San Marcos if reasonable historical housing trends had been followed (and not crazed buying frenzy of last few years). BTW I acknowledge an error that was pointed out. I actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate. So if someone thinks $400,000 is too high, what do you think a reasonable figure should be and why?
May 29, 2008 at 5:01 PM #213932Anonymous
GuestWonderful responses for pricing bottom model piggs. This site is great. Using other methods for pricing, such as renting to mortgage ratio or a different annual appreciation rate, can I have your estimates of what a 2000 sq.ft. 4b home should be priced in 2008 at say San Marcos if reasonable historical housing trends had been followed (and not crazed buying frenzy of last few years). BTW I acknowledge an error that was pointed out. I actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate. So if someone thinks $400,000 is too high, what do you think a reasonable figure should be and why?
May 29, 2008 at 5:06 PM #213780Borat
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
May 29, 2008 at 5:06 PM #213859Borat
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
May 29, 2008 at 5:06 PM #213884Borat
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
May 29, 2008 at 5:06 PM #213908Borat
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
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