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(former)FormerSanDiegan
ParticipantIn San Diego, and perhaps San Fran at the height of the boom, a person could not and I believe still cannot drive an hour in any direction (aside from TJ) and be able to buy a SFH for under $300k. Am I wrong in this thinking?
You are wrong about the part that says “still cannot…” Below is a map of SFHs listed for less than 300K in the areas you mention.
300-350K can now be found in Clairemont and parts of Mira Mesa. Within the next 9 months I would expect to see plenty of 250-350K houses in Central San Diego.
[img_assist|nid=8172|title=less than 300K SFRs|desc=|link=node|align=left|width=100|height=75]
ParticipantMy all-time favorite:
“Downsize Your Debt” – by Andrew Feinberg
I read this in college and the light bulb turned on.Also, for general, basic understanding:
“Straight Talk on Money Ken and Daria Dolan’s Guide to Family Money Management”
Ken and Daria Dolan.ParticipantMy all-time favorite:
“Downsize Your Debt” – by Andrew Feinberg
I read this in college and the light bulb turned on.Also, for general, basic understanding:
“Straight Talk on Money Ken and Daria Dolan’s Guide to Family Money Management”
Ken and Daria Dolan.ParticipantMy all-time favorite:
“Downsize Your Debt” – by Andrew Feinberg
I read this in college and the light bulb turned on.Also, for general, basic understanding:
“Straight Talk on Money Ken and Daria Dolan’s Guide to Family Money Management”
Ken and Daria Dolan.ParticipantMy all-time favorite:
“Downsize Your Debt” – by Andrew Feinberg
I read this in college and the light bulb turned on.Also, for general, basic understanding:
“Straight Talk on Money Ken and Daria Dolan’s Guide to Family Money Management”
Ken and Daria Dolan.ParticipantMy all-time favorite:
“Downsize Your Debt” – by Andrew Feinberg
I read this in college and the light bulb turned on.Also, for general, basic understanding:
“Straight Talk on Money Ken and Daria Dolan’s Guide to Family Money Management”
Ken and Daria Dolan.July 9, 2008 at 1:44 PM in reply to: Obama Goes to Psychic to get Advice on Best Way to Kill American Middle Class #236135ParticipantThis seemed to happen last Summer on this board as well. Maybe people get tired of housing and veer wildly off course for a few weeks or a month.
July 9, 2008 at 1:44 PM in reply to: Obama Goes to Psychic to get Advice on Best Way to Kill American Middle Class #236261ParticipantThis seemed to happen last Summer on this board as well. Maybe people get tired of housing and veer wildly off course for a few weeks or a month.
July 9, 2008 at 1:44 PM in reply to: Obama Goes to Psychic to get Advice on Best Way to Kill American Middle Class #236272ParticipantThis seemed to happen last Summer on this board as well. Maybe people get tired of housing and veer wildly off course for a few weeks or a month.
July 9, 2008 at 1:44 PM in reply to: Obama Goes to Psychic to get Advice on Best Way to Kill American Middle Class #236317ParticipantThis seemed to happen last Summer on this board as well. Maybe people get tired of housing and veer wildly off course for a few weeks or a month.
July 9, 2008 at 1:44 PM in reply to: Obama Goes to Psychic to get Advice on Best Way to Kill American Middle Class #236330ParticipantThis seemed to happen last Summer on this board as well. Maybe people get tired of housing and veer wildly off course for a few weeks or a month.
ParticipantRE: Rental income and loans … Last time I checked (a couple years ago), the lender used 75% of my gross rent as income for loan qualification purposes. Presumably this accounts for vacancies, maintenance, prop mgmt, etc.
In my experience for single family homes (I’ve had two rentals and still hold one) this is in the ballpark. You should expect to spend 25-30% of gross rents on PM, maintenance, repairs, etc. If there is deferred maintenance this will be higher.ParticipantRE: Rental income and loans … Last time I checked (a couple years ago), the lender used 75% of my gross rent as income for loan qualification purposes. Presumably this accounts for vacancies, maintenance, prop mgmt, etc.
In my experience for single family homes (I’ve had two rentals and still hold one) this is in the ballpark. You should expect to spend 25-30% of gross rents on PM, maintenance, repairs, etc. If there is deferred maintenance this will be higher.ParticipantRE: Rental income and loans … Last time I checked (a couple years ago), the lender used 75% of my gross rent as income for loan qualification purposes. Presumably this accounts for vacancies, maintenance, prop mgmt, etc.
In my experience for single family homes (I’ve had two rentals and still hold one) this is in the ballpark. You should expect to spend 25-30% of gross rents on PM, maintenance, repairs, etc. If there is deferred maintenance this will be higher. -
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