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(former)FormerSanDiegan
Participantsorry, forgot the link …
Participant[quote=EmilyHicks]The last 10 years I have been in a condo or an apartment and it was very cozy and warm. Now moving to my new house, I feel the whole house is just so cold. [/quote]
It’s gotta be the Cold, hard reality that you are now a mortgage debtor and have caught a falling knife 😉
We have a ~1900 sq ft house and our gas bill is at about $45-$60 per month in the winter. We set the thermostat to 68 in the evening and drop to 65 during the day when we are away. That bill also includes the occasional gas fire in the evenings to warm up the family room. An updated (~ 10-yr old) central HVAC helps, as does living within 5 miles of the coast.
I suspect that heating our whole house is about as expensive as running a 1500-watt electric heater for about 12-14 hours a day.
Participant[quote=EmilyHicks]The last 10 years I have been in a condo or an apartment and it was very cozy and warm. Now moving to my new house, I feel the whole house is just so cold. [/quote]
It’s gotta be the Cold, hard reality that you are now a mortgage debtor and have caught a falling knife 😉
We have a ~1900 sq ft house and our gas bill is at about $45-$60 per month in the winter. We set the thermostat to 68 in the evening and drop to 65 during the day when we are away. That bill also includes the occasional gas fire in the evenings to warm up the family room. An updated (~ 10-yr old) central HVAC helps, as does living within 5 miles of the coast.
I suspect that heating our whole house is about as expensive as running a 1500-watt electric heater for about 12-14 hours a day.
Participant[quote=EmilyHicks]The last 10 years I have been in a condo or an apartment and it was very cozy and warm. Now moving to my new house, I feel the whole house is just so cold. [/quote]
It’s gotta be the Cold, hard reality that you are now a mortgage debtor and have caught a falling knife 😉
We have a ~1900 sq ft house and our gas bill is at about $45-$60 per month in the winter. We set the thermostat to 68 in the evening and drop to 65 during the day when we are away. That bill also includes the occasional gas fire in the evenings to warm up the family room. An updated (~ 10-yr old) central HVAC helps, as does living within 5 miles of the coast.
I suspect that heating our whole house is about as expensive as running a 1500-watt electric heater for about 12-14 hours a day.
Participant[quote=EmilyHicks]The last 10 years I have been in a condo or an apartment and it was very cozy and warm. Now moving to my new house, I feel the whole house is just so cold. [/quote]
It’s gotta be the Cold, hard reality that you are now a mortgage debtor and have caught a falling knife 😉
We have a ~1900 sq ft house and our gas bill is at about $45-$60 per month in the winter. We set the thermostat to 68 in the evening and drop to 65 during the day when we are away. That bill also includes the occasional gas fire in the evenings to warm up the family room. An updated (~ 10-yr old) central HVAC helps, as does living within 5 miles of the coast.
I suspect that heating our whole house is about as expensive as running a 1500-watt electric heater for about 12-14 hours a day.
Participant[quote=EmilyHicks]The last 10 years I have been in a condo or an apartment and it was very cozy and warm. Now moving to my new house, I feel the whole house is just so cold. [/quote]
It’s gotta be the Cold, hard reality that you are now a mortgage debtor and have caught a falling knife 😉
We have a ~1900 sq ft house and our gas bill is at about $45-$60 per month in the winter. We set the thermostat to 68 in the evening and drop to 65 during the day when we are away. That bill also includes the occasional gas fire in the evenings to warm up the family room. An updated (~ 10-yr old) central HVAC helps, as does living within 5 miles of the coast.
I suspect that heating our whole house is about as expensive as running a 1500-watt electric heater for about 12-14 hours a day.
March 17, 2011 at 4:42 PM in reply to: Double-digit rent rise is coming to the housing market. #678070Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 4:42 PM in reply to: Double-digit rent rise is coming to the housing market. #678124Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 4:42 PM in reply to: Double-digit rent rise is coming to the housing market. #678726Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 4:42 PM in reply to: Double-digit rent rise is coming to the housing market. #678861Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 4:42 PM in reply to: Double-digit rent rise is coming to the housing market. #679202Participant[quote=davelj]Let’s see what would happen to rents if a large portion of the foreclosed properties in the pipeline were put on the market for rent over the next year. I doubt rents would be increasing because a LOT of foreclosed properties are going to end up as rentals.
Having said that… there sure as hell haven’t been many multi-family projects completed over the last two years, so… things could turn on a dime where rents are concerned (that is, increase).
My bank here in SD financed construction of a new apartment project in Hillcrest (about 18 months ago) that recently got completed – less than 20 units – and I remember looking at the original loan request and thinking, “These rent assumptions look 10% too high.” (We made the loan largely based on the guarantor support.) As it turns out, the actual rents are higher than they projected. Every unit is rented and there’s a waiting list 10+ people deep. Who knew? I don’t get it, but I can’t argue with the rent rolls.[/quote]
Interesting info on the new units. Do you know of any data on existing units that show any substantial increase in rents (e.g. SDAA) ?
March 17, 2011 at 1:51 PM in reply to: Double-digit rent rise is coming to the housing market. #677986ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
March 17, 2011 at 1:51 PM in reply to: Double-digit rent rise is coming to the housing market. #678644ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
March 17, 2011 at 1:51 PM in reply to: Double-digit rent rise is coming to the housing market. #678778ParticipantI understand the concept of rents rising due to the factors cited. But how do they go from that to ~ 7% increases per year for the next 4 years for San Diego ? That is hard to imagine.
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