What ARE the fundamentals?

[I would rather be lucky then smart]

Is the proper value of a house reached when the monthly rental income would be equal to the mortgage payment?

In that case, is the assumed down payment 20%?

What are the variations, if any, for someone who purchases a home in a high price per sqaure foot area like La Jolla vs. someone like me who bought a home in Escondido.

Also, how are the fundamentals different for a person who, for example, bought an oceanfront residence in Solana Beach 30 years ago for $1M dollars vs. someone who would buy that same property today?

Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather?

TIA.

[Arraya]

“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”

No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.

A premium would suggest to me that the cost for a mortgage payment is much higher than rent.

Basically better weather should not drive people to pay a larger portion of their salary.

[Arraya]

“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”

No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.

A premium would suggest to me that the cost for a mortgage payment is much higher than rent.

Basically better weather should not drive people to pay a larger portion of their salary.

[Arraya]

“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”

No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.

A premium would suggest to me that the cost for a mortgage payment is much higher than rent.

Basically better weather should not drive people to pay a larger portion of their salary.

[Arraya]

“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”

No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.

A premium would suggest to me that the cost for a mortgage payment is much higher than rent.

Basically better weather should not drive people to pay a larger portion of their salary.

[Arraya]

“Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather”

No, In incomes should support prices. That being said people with higher incomes tend to gravitate toward areas with better weather thus creating higher property value as well as rental prices.

A premium would suggest to me that the cost for a mortgage payment is much higher than rent.

Basically better weather should not drive people to pay a larger portion of their salary.

[patb]

figure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.

[patb]

figure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.

[patb]

figure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.

[patb]

figure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.

[patb]

figure a base of rent >1.1*PITI as a sign equilibrium is being crossed
and that if you can get a cap rate of 4% or more, then
you have a real chance to avoid being overpriced.

[I would rather be lucky then smart]

What about the down payment question?

You can always make the rent greater then the mortgage if you put enough down.

[I would rather be lucky then smart]

What about the down payment question?

You can always make the rent greater then the mortgage if you put enough down.

[I would rather be lucky then smart]

What about the down payment question?

You can always make the rent greater then the mortgage if you put enough down.

[I would rather be lucky then smart]

What about the down payment question?

You can always make the rent greater then the mortgage if you put enough down.

[Author]

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