[akbarpunjabi]

Ok, what I mean is I predict rents go down, prices go down, HOA’s go up. The OP’s friend will not miss anything but a pain in the ass by waiting a year.

[akbarpunjabi]

Enjoy the HOA increases and special assessments, they will gobble up any chance of profits really fast in the older ones.

[akbarpunjabi]

I will admit like any area I do find deals that pop up that pencil out. What a huge pain it is to be a landlord and deal with HOA’s and tenants for the few $$$’s and the hopes of appreciation. The deals that pop up are very shady, like the agents only sent in a buddys clients offer to the bank. Pending or Contingent in 1 day under current closed comps pricing.

[akbarpunjabi]

I live and work in MV I watch the market just to laugh over the years at all the banks and flippers and short sales. My prediction is MV is down another 10% by this time next year.

Redin this one for a good laugh.
2258 Gill Village Way #1014
The realtor owner is an expert!

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Be careful of older condos from the 80’s after 30 years many plumbing and roofing and other expensive stuff starts to pop up. I’ve lived in an older complex in Mission Valley for the past 3 years and have seen my share of problems. Fine to rent, but owning is another story. There are 2 bed 1.5 baths that rent for $1200 in this older area and everywhere you look in the complex there are lockboxes scattered on every railing.

[akbarpunjabi]

Be careful of older condos from the 80’s after 30 years many plumbing and roofing and other expensive stuff starts to pop up. I’ve lived in an older complex in Mission Valley for the past 3 years and have seen my share of problems. Fine to rent, but owning is another story. There are 2 bed 1.5 baths that rent for $1200 in this older area and everywhere you look in the complex there are lockboxes scattered on every railing.

[akbarpunjabi]

Be careful of older condos from the 80’s after 30 years many plumbing and roofing and other expensive stuff starts to pop up. I’ve lived in an older complex in Mission Valley for the past 3 years and have seen my share of problems. Fine to rent, but owning is another story. There are 2 bed 1.5 baths that rent for $1200 in this older area and everywhere you look in the complex there are lockboxes scattered on every railing.

[akbarpunjabi]

Be careful of older condos from the 80’s after 30 years many plumbing and roofing and other expensive stuff starts to pop up. I’ve lived in an older complex in Mission Valley for the past 3 years and have seen my share of problems. Fine to rent, but owning is another story. There are 2 bed 1.5 baths that rent for $1200 in this older area and everywhere you look in the complex there are lockboxes scattered on every railing.

[akbarpunjabi]

Be careful of older condos from the 80’s after 30 years many plumbing and roofing and other expensive stuff starts to pop up. I’ve lived in an older complex in Mission Valley for the past 3 years and have seen my share of problems. Fine to rent, but owning is another story. There are 2 bed 1.5 baths that rent for $1200 in this older area and everywhere you look in the complex there are lockboxes scattered on every railing.

[akbarpunjabi]

The price paid relative to the current and active comps just doesnt make sense. 50% down on this condo is that how the bank allowed this? The units in this complex are a dime a dozen why would any buyer overpay by so much? These units are far from unique properties.

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