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bubble_contagion
ParticipantGreat to see this old post of mine resurface after more than 3 years!
I still continue to rent in the UTC area with hopes of buying one day when it makes sense. Since the original post my wife and I have been able save more than $150K for a down payment. We even have paid off the car. All thanks to the great financial advise of this website, The Housing Bubble blog, OCRenter blog, Calculated Risk, etc.
ParticipantGreat to see this old post of mine resurface after more than 3 years!
I still continue to rent in the UTC area with hopes of buying one day when it makes sense. Since the original post my wife and I have been able save more than $150K for a down payment. We even have paid off the car. All thanks to the great financial advise of this website, The Housing Bubble blog, OCRenter blog, Calculated Risk, etc.
ParticipantGreat to see this old post of mine resurface after more than 3 years!
I still continue to rent in the UTC area with hopes of buying one day when it makes sense. Since the original post my wife and I have been able save more than $150K for a down payment. We even have paid off the car. All thanks to the great financial advise of this website, The Housing Bubble blog, OCRenter blog, Calculated Risk, etc.
ParticipantI rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?
ParticipantI rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?
ParticipantI rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?
ParticipantI rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?
ParticipantI rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?
ParticipantHow about making sure that Government will not interfere or influence the market economy, house prices in particular.
ParticipantHow about making sure that Government will not interfere or influence the market economy, house prices in particular.
ParticipantHow about making sure that Government will not interfere or influence the market economy, house prices in particular.
ParticipantHow about making sure that Government will not interfere or influence the market economy, house prices in particular.
ParticipantHow about making sure that Government will not interfere or influence the market economy, house prices in particular.
ParticipantYou could try asking people in the UTC area where there are about 5 large apts complexes that went condo. I rent next to one of those, The Venetian. In 2004, at the peak of the bubble, the 2-bed, 2-bath conversions were being offered for $480K by the company that did the conversion. I still have the brochures. Today you can find listings in the MLS asking $280K. They might sell for less. The place has gone to the dogs, “Investors” that bought those condos rent them out to people that wouldn’t be able to qualify to rent in the area. I have seen families with teenagers living in the tiny condos. Apparently you can have dogs in condos but not in apartments so now the neighborhood is full of dogs that poop all over the place. Crime rate has also gone up and I see more minorities (not Asian). In my opinion conversions have brought UTC down.
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