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bearishgurl
Participant[quote=sdrealtor]Is National City the new Santee? I heard it was 10 minutes from La Jolla also.[/quote]
No, I would say it is 15-18 mins to the LJ Pkwy exit off I-5 (not during the morning rush hour).
Santee is now about 10-12 mins from that same exit on that *new* lunarscaped “SR-52” but not during the morning rush hour.
NC is only about 14 miles and Santee is at least 18 miles from said exit but there are less folks all over the place trying to navigate the exits on the “lunar hwy” :=]
Participant[quote=sdrealtor]Is National City the new Santee? I heard it was 10 minutes from La Jolla also.[/quote]
No, I would say it is 15-18 mins to the LJ Pkwy exit off I-5 (not during the morning rush hour).
Santee is now about 10-12 mins from that same exit on that *new* lunarscaped “SR-52” but not during the morning rush hour.
NC is only about 14 miles and Santee is at least 18 miles from said exit but there are less folks all over the place trying to navigate the exits on the “lunar hwy” :=]
Participant[quote=SD Realtor]These are the people we get to deal with on a daily basis![/quote]
I’m sure dealing with this (wrong-apn) “realtor” dude (who inadvertently did sdr’s “unemployed atty-client” a big favor) pales in comparison to dealing with the grossly incompetent slobs at the distant-and-twice-removed “Loss Mitigation” and “REO” Divisions of the Big Banks for several months straight :={
Participant[quote=SD Realtor]These are the people we get to deal with on a daily basis![/quote]
I’m sure dealing with this (wrong-apn) “realtor” dude (who inadvertently did sdr’s “unemployed atty-client” a big favor) pales in comparison to dealing with the grossly incompetent slobs at the distant-and-twice-removed “Loss Mitigation” and “REO” Divisions of the Big Banks for several months straight :={
Participant[quote=SD Realtor]These are the people we get to deal with on a daily basis![/quote]
I’m sure dealing with this (wrong-apn) “realtor” dude (who inadvertently did sdr’s “unemployed atty-client” a big favor) pales in comparison to dealing with the grossly incompetent slobs at the distant-and-twice-removed “Loss Mitigation” and “REO” Divisions of the Big Banks for several months straight :={
Participant[quote=SD Realtor]These are the people we get to deal with on a daily basis![/quote]
I’m sure dealing with this (wrong-apn) “realtor” dude (who inadvertently did sdr’s “unemployed atty-client” a big favor) pales in comparison to dealing with the grossly incompetent slobs at the distant-and-twice-removed “Loss Mitigation” and “REO” Divisions of the Big Banks for several months straight :={
Participant[quote=SD Realtor]These are the people we get to deal with on a daily basis![/quote]
I’m sure dealing with this (wrong-apn) “realtor” dude (who inadvertently did sdr’s “unemployed atty-client” a big favor) pales in comparison to dealing with the grossly incompetent slobs at the distant-and-twice-removed “Loss Mitigation” and “REO” Divisions of the Big Banks for several months straight :={
Participant[quote=briansd1][quote=poorgradstudent]There’s a lot of good data that in economic downturns people don’t necessarily shop less, they just spend less when they do. In fact, they may actually spend *more* time physically shopping, searching for better deals and going to more stores to stretch their dollars further.[/quote]
That’s and excellent point.
Plus shopping malls have become new public square. People like to go there and walk.
In LA, The Grove and Americana are lifestyle centers. That concept began in San Diego with Horton Plaza.
Lifestyle centers are being fine turned all over the country to drive traffic. More traffic volumes result in more sales.[/quote]
About 3-4 years ago, Plaza Bonita in National City was extensively remodeled as a “Lifestyle Center.” It now has a four-level parking garage and I have never been able to find a parking spot there on Fri-Sun unless I park in the “North Forty” and walk ten mins. It’s packed until closing.
Sales taxes from this mall have been used extensively on NC’s main thoroughfares in landscaping, brick and concrete work and also on “facelifts” for all their government buildings. NC is one fine-looking little town now :=]
Participant[quote=briansd1][quote=poorgradstudent]There’s a lot of good data that in economic downturns people don’t necessarily shop less, they just spend less when they do. In fact, they may actually spend *more* time physically shopping, searching for better deals and going to more stores to stretch their dollars further.[/quote]
That’s and excellent point.
Plus shopping malls have become new public square. People like to go there and walk.
In LA, The Grove and Americana are lifestyle centers. That concept began in San Diego with Horton Plaza.
Lifestyle centers are being fine turned all over the country to drive traffic. More traffic volumes result in more sales.[/quote]
About 3-4 years ago, Plaza Bonita in National City was extensively remodeled as a “Lifestyle Center.” It now has a four-level parking garage and I have never been able to find a parking spot there on Fri-Sun unless I park in the “North Forty” and walk ten mins. It’s packed until closing.
Sales taxes from this mall have been used extensively on NC’s main thoroughfares in landscaping, brick and concrete work and also on “facelifts” for all their government buildings. NC is one fine-looking little town now :=]
Participant[quote=briansd1][quote=poorgradstudent]There’s a lot of good data that in economic downturns people don’t necessarily shop less, they just spend less when they do. In fact, they may actually spend *more* time physically shopping, searching for better deals and going to more stores to stretch their dollars further.[/quote]
That’s and excellent point.
Plus shopping malls have become new public square. People like to go there and walk.
In LA, The Grove and Americana are lifestyle centers. That concept began in San Diego with Horton Plaza.
Lifestyle centers are being fine turned all over the country to drive traffic. More traffic volumes result in more sales.[/quote]
About 3-4 years ago, Plaza Bonita in National City was extensively remodeled as a “Lifestyle Center.” It now has a four-level parking garage and I have never been able to find a parking spot there on Fri-Sun unless I park in the “North Forty” and walk ten mins. It’s packed until closing.
Sales taxes from this mall have been used extensively on NC’s main thoroughfares in landscaping, brick and concrete work and also on “facelifts” for all their government buildings. NC is one fine-looking little town now :=]
Participant[quote=briansd1][quote=poorgradstudent]There’s a lot of good data that in economic downturns people don’t necessarily shop less, they just spend less when they do. In fact, they may actually spend *more* time physically shopping, searching for better deals and going to more stores to stretch their dollars further.[/quote]
That’s and excellent point.
Plus shopping malls have become new public square. People like to go there and walk.
In LA, The Grove and Americana are lifestyle centers. That concept began in San Diego with Horton Plaza.
Lifestyle centers are being fine turned all over the country to drive traffic. More traffic volumes result in more sales.[/quote]
About 3-4 years ago, Plaza Bonita in National City was extensively remodeled as a “Lifestyle Center.” It now has a four-level parking garage and I have never been able to find a parking spot there on Fri-Sun unless I park in the “North Forty” and walk ten mins. It’s packed until closing.
Sales taxes from this mall have been used extensively on NC’s main thoroughfares in landscaping, brick and concrete work and also on “facelifts” for all their government buildings. NC is one fine-looking little town now :=]
Participant[quote=briansd1][quote=poorgradstudent]There’s a lot of good data that in economic downturns people don’t necessarily shop less, they just spend less when they do. In fact, they may actually spend *more* time physically shopping, searching for better deals and going to more stores to stretch their dollars further.[/quote]
That’s and excellent point.
Plus shopping malls have become new public square. People like to go there and walk.
In LA, The Grove and Americana are lifestyle centers. That concept began in San Diego with Horton Plaza.
Lifestyle centers are being fine turned all over the country to drive traffic. More traffic volumes result in more sales.[/quote]
About 3-4 years ago, Plaza Bonita in National City was extensively remodeled as a “Lifestyle Center.” It now has a four-level parking garage and I have never been able to find a parking spot there on Fri-Sun unless I park in the “North Forty” and walk ten mins. It’s packed until closing.
Sales taxes from this mall have been used extensively on NC’s main thoroughfares in landscaping, brick and concrete work and also on “facelifts” for all their government buildings. NC is one fine-looking little town now :=]
Participantsdsurfer, I’m not sdr and am not familiar with North County on a street by street basis. You are on the right track wanting to invest in SFR’s as opposed to condos/PUD’s (with the HOA encumbrance).
If I was going to buy investment properties in the two locales you are proposing here, I would either by one or two larger houses that needed cosmetic work in Esco or one med-smaller house in a coastal area that needed cosmetic or even substantial work and fix up/repair the properties before renting them out.
$380K is a LOT to pay for a rental property given the (possible) vacancy factor of 2-6 weeks per year (in a coastal area). Putting 20% down, you would have to fetch $2200 – $2500 mo rent and manage yourself to make it worth your while (break even or a little extra for “slush fund”). I think it would be hard to do this consistently unless your property was at least 1500 sf with a garage, preferably a two-car garage and walking or biking distance to the beach.
Are any other Piggs more familiar with NCC rental income on a $380K house??
Participantsdsurfer, I’m not sdr and am not familiar with North County on a street by street basis. You are on the right track wanting to invest in SFR’s as opposed to condos/PUD’s (with the HOA encumbrance).
If I was going to buy investment properties in the two locales you are proposing here, I would either by one or two larger houses that needed cosmetic work in Esco or one med-smaller house in a coastal area that needed cosmetic or even substantial work and fix up/repair the properties before renting them out.
$380K is a LOT to pay for a rental property given the (possible) vacancy factor of 2-6 weeks per year (in a coastal area). Putting 20% down, you would have to fetch $2200 – $2500 mo rent and manage yourself to make it worth your while (break even or a little extra for “slush fund”). I think it would be hard to do this consistently unless your property was at least 1500 sf with a garage, preferably a two-car garage and walking or biking distance to the beach.
Are any other Piggs more familiar with NCC rental income on a $380K house??
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