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an
ParticipantSupply on craigslist suck for the area I’m interested in right now. Most of them are apartments and they’re all ~15-20% higher than what I’m charging my tenant 6 months ago. Also, small landlords are usually behind the curve in the of rent. We follow the big apartments.
ParticipantI posted my place up for rent one week before Christmas last year and got about 10 response w/in 1 day and rented it out to one of those applicant. That’s probably one of the worse time to be looking for renters and I got plenty of response. My price was also higher by about 4-5% compare to comparable rent last summer as well. So, maybe this year, if my tenant leave, I’ll fish for 10% increase and see how that goes.
Participant[quote=spdrun]A quick perusal of Craigslist yields very few one bedrooms offered in Carlsbad for over $1600. Most are below $1500. Where are they getting an average of $1716? Are they only surveying large landlords?[/quote]
Apartments. They move the market, not the small time landlords.ParticipantUnfortunately, my system is not big enough to bank most of the time.
ParticipantAn average SFR in my area, PITI = rent +/- $100. That’s before any tax incentive. Doesn’t seem out of whack to me.
Participant[quote=spdrun]
Regarding moving, Americans are way too attached to their “stuff”. There’s so much unwanted junk floating around out there that one can easily buy new furniture off Craigslist or from a thrift store.
[/quote]Not an American thing…ParticipantThat $300k house that’s $500k now would rent for $2200-2400/month in my area. If it takes 5 years to get that 15% decline, then you’d be spending $132k-$144k in rent over 5 years, assuming rent doesn’t rise for the next 5 years. Seems like a big risk for very little gain. What if it takes 7 years? There’s just too much what ifs.
Participantthanks ocr. I didn’t know they pay you retail prices for the production. I’m going to look at my usage now to see if it’s worth it to switch over to TOU from my regular Tiered net metering. Right now, I’m only banking kWh produced, not $.
Participant[quote=rockingtime][quote=AN][quote=rockingtime]I agreee with this limited land which is a fact. Someone told me the same thing 2007 that land is in limited quantity ( sandwiched between ocean and desert ) in highly desirable san diego and hence real estate prices would never go down but keep on increasing.[/quote]
Did you buy in 2009-2011? Are you selling now?[/quote]yeah, i am diluting my real estate holdings in socal.[/quote]Cool. We’re on opposite side of this trade. We’ll see where prices will be in 5-10 years.
Participant[quote=Blogstar]High density might be a stipulation for getting the open space. Could be a case of “be careful what you ask for”?[/quote]
I actually welcome high density as long as they don’t touch open space.Participant[quote=Blogstar][quote=AN][quote=spdrun]Not even close to the density of Manhattan or SF. There is still more buildable land in greater SD than either of those two places.[/quote]I’m not talking about density. I’m talking about the fact that there is no big plot of buildable land left to build major tract of SFR. Everything is either already built or are reserved as open space, so you can’t build there. I’m also talking about SD city, not county. Although, even county is pretty close to complete built out.[/quote]
Developers may be allowed to buy at the open space through some mitigation process. Right now to split lots where I live as much as 60% of the acreage goes to open space. later when density encroaches I am pretty sure for the right price to the county the open space will be developed.It’s a nice scheme. By the time the land is ripe only developers with deep pockets can afford to play and the county gets a lot of money and has control all the while.[/quote]
I hope not. I hope the city doesn’t reduce the open space and only approve high density projects from now on.Participant[quote=rockingtime]I agreee with this limited land which is a fact. Someone told me the same thing 2007 that land is in limited quantity ( sandwiched between ocean and desert ) in highly desirable san diego and hence real estate prices would never go down but keep on increasing.[/quote]
Did you buy in 2009-2011? Are you selling now?Participant[quote=spdrun]Not even close to the density of Manhattan or SF. There is still more buildable land in greater SD than either of those two places.[/quote]I’m not talking about density. I’m talking about the fact that there is no big plot of buildable land left to build major tract of SFR. Everything is either already built or are reserved as open space, so you can’t build there. I’m also talking about SD city, not county. Although, even county is pretty close to complete built out.
Participant[quote=spdrun]And that’s a good thing that it’s not a first-tier city — being a first-tier city would destroy a lot of the charm. Also, San Diego isn’t as limited geographically as the expensive parts of NYC and SF.[/quote]
You’re wrong there. SD is essentially built out. -
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