[EconProf]

BobS
Contraman has it right. The cost to rent a typical San Diego house or condo is now about one-half the true cost of owning it. By true cost, I mean ALL the costs, which are typically not included by optimistic prospective landlords. They often conveniently forget the full maintenance costs, the down-time while seeking a tenant, the advertising cost, the value of their own time in maintaining it and finding a tenant, and the all-important opportunity cost of their now higher down payment which could be earning interest somewhere safe.
Add to this the still downward trajectory of the value of the place, perhaps by 1% a month, and buying to rent it out makes no sense.

[EconProf]

BobS
Contraman has it right. The cost to rent a typical San Diego house or condo is now about one-half the true cost of owning it. By true cost, I mean ALL the costs, which are typically not included by optimistic prospective landlords. They often conveniently forget the full maintenance costs, the down-time while seeking a tenant, the advertising cost, the value of their own time in maintaining it and finding a tenant, and the all-important opportunity cost of their now higher down payment which could be earning interest somewhere safe.
Add to this the still downward trajectory of the value of the place, perhaps by 1% a month, and buying to rent it out makes no sense.

[EconProf]

BobS
Contraman has it right. The cost to rent a typical San Diego house or condo is now about one-half the true cost of owning it. By true cost, I mean ALL the costs, which are typically not included by optimistic prospective landlords. They often conveniently forget the full maintenance costs, the down-time while seeking a tenant, the advertising cost, the value of their own time in maintaining it and finding a tenant, and the all-important opportunity cost of their now higher down payment which could be earning interest somewhere safe.
Add to this the still downward trajectory of the value of the place, perhaps by 1% a month, and buying to rent it out makes no sense.

[EconProf]

BobS
Contraman has it right. The cost to rent a typical San Diego house or condo is now about one-half the true cost of owning it. By true cost, I mean ALL the costs, which are typically not included by optimistic prospective landlords. They often conveniently forget the full maintenance costs, the down-time while seeking a tenant, the advertising cost, the value of their own time in maintaining it and finding a tenant, and the all-important opportunity cost of their now higher down payment which could be earning interest somewhere safe.
Add to this the still downward trajectory of the value of the place, perhaps by 1% a month, and buying to rent it out makes no sense.

[EconProf]

BobS
Contraman has it right. The cost to rent a typical San Diego house or condo is now about one-half the true cost of owning it. By true cost, I mean ALL the costs, which are typically not included by optimistic prospective landlords. They often conveniently forget the full maintenance costs, the down-time while seeking a tenant, the advertising cost, the value of their own time in maintaining it and finding a tenant, and the all-important opportunity cost of their now higher down payment which could be earning interest somewhere safe.
Add to this the still downward trajectory of the value of the place, perhaps by 1% a month, and buying to rent it out makes no sense.

[EconProf]

BobS
Raptor: The upside of this decision to rent near to your target market is that your search efforts will become much more efficient and informed, thus lowering your eventual transaction costs.

[EconProf]

BobS
Raptor: The upside of this decision to rent near to your target market is that your search efforts will become much more efficient and informed, thus lowering your eventual transaction costs.

[EconProf]

BobS
Raptor: The upside of this decision to rent near to your target market is that your search efforts will become much more efficient and informed, thus lowering your eventual transaction costs.

[EconProf]

BobS
Raptor: The upside of this decision to rent near to your target market is that your search efforts will become much more efficient and informed, thus lowering your eventual transaction costs.

[EconProf]

BobS
Raptor: The upside of this decision to rent near to your target market is that your search efforts will become much more efficient and informed, thus lowering your eventual transaction costs.

[EconProf]

BobS
5YearWaiter: Sorry, but I just can’t understand your posts. Please proofread before hitting send. We really do want to know your thoughts but can’t figure them out.

[EconProf]

BobS
5YearWaiter: Sorry, but I just can’t understand your posts. Please proofread before hitting send. We really do want to know your thoughts but can’t figure them out.

[EconProf]

BobS
5YearWaiter: Sorry, but I just can’t understand your posts. Please proofread before hitting send. We really do want to know your thoughts but can’t figure them out.

[EconProf]

BobS
5YearWaiter: Sorry, but I just can’t understand your posts. Please proofread before hitting send. We really do want to know your thoughts but can’t figure them out.

[EconProf]

BobS
5YearWaiter: Sorry, but I just can’t understand your posts. Please proofread before hitting send. We really do want to know your thoughts but can’t figure them out.

[Author]

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