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Fun to reread this thread. I think I might know the complex EP refers to, on Cape May Ave. How many four two-bed cottage complexes on 7000sf lots could there be on a beach block in OB?

Small 2/1 fully detached on shared lots in OB now are more like $2600 with basic interior and no parking to more like $3000 with an off-street space and fully renovated with granite kitchen etc.

Sounds like EP’s bud was undercharging even then, and market was $2200, and is now about $2800 after 6 years, so rent growth of about 5% a year.

My large rental house has had the same tenant and rent for 5 years now. I am OK with getting less than market rent for a zero-stress experience with a tenant who keeps up the place.

My other OB rental also is below market but stress free. I just had to replace the 50 year old oven the condo was built with. It was a split separate range and oven setup that looked really cool, but would have cost $4000 to replace, so I went with a normal combined oven and range.

The chip shortage has even hit the oven market meaning I had to pay nearly full retail price with little selection, but it still looks and functions great and was a free delivery and painless install from Home Depot. It has a built-in air fryer, which is cool and work very well according to the tenant, who helped me pick it out.

I was bummed the one I wanted more, a GE in a brushed brown metal slate color, was not only sold out, but back ordered for 3+ months minimum. It looks more modern and understated than stainless IMO:

https://www.geappliances.com/ge-appliances/kitchen/refrigerators/?Color=Slate

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Per SDLookup, mean PPSF listings in 92107 was $699 in July 2020, and is now $1046. That’s up 49.6% in less than a year.

Now that probably reflects a different mix of listings, but we’re on fire!

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Early Summer 2021: more new “upper middle” to high end places:

1. Dona’s Mexican restaurant is great, reminds me of high-end hipster foodie places in Mexico proper. They just get everything right, and are much better than Nati’s (which they replaced) in food and general environment.

2. Breakfast Republic – high end breakfast isn’t my thing, but family and friends report good things. Really nice decor. I liked the old tenant better, called Warehouse, but they never caught on.

3. Holding Co – A stunning third floor roof deck about a 90 second walk from the sand. The food is good too.

4. Dirty Birds – More of a restaurant and less of a bar than the PB location, good food and service and somewhat less crowded than other places.

5. Mad Muncheez – Gourmet grilled cheese place. Too heavy for me to go regularly, but I tried them once and it was great. This trend started in SF so I include this as gentrification even though their prices are pretty low. Cute story as well, a young couple started with farmer’s market stands and saved up for years to get a real location.

6. Blue Water Grill – Ocean-front outdoor patio seating and giant fresh-caught grilled fish tacos, as well as raw fish to cook at home. I have been here 20+ times and it is always very good.

7. Ocean Beach Meat Co. – A full service butcher shop in a large gun-renovated spot on Newport. Have a look online: https://www.obmeatco.com/

8. It’s Raw – The most authentic poke place I have been to, and I go to a lot of places. Actual Hawaiians own and operate it. They keep it simple with only four meats, raw tuna and salmon, cooked pork and shrimp.

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Alternative source: https://www.realtor.com/research/march-2021-rent/

SD and Sacramento are still on top, but much lower rents and increases.

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Closing on all three refis this week, exactly a month after my applications. 6k of interest saved.

With the term re-extended to 30 years and lower rates, the rentals are now gushing cash flow. But they were cash flow positive day 1, and reasonably likely to appreciate.

Why didn’t I buy more???

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I got this in Aug 2020 and have used it about 4hrs a week on average ever since. Last night I did 2.8hrs max intensity. Lost 15lb of fat, resting heart rate dropped from 62 to 55.

https://www.precor.com/en-us/commercial/cardio/amt/amt-835-adaptive-motion-trainer

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I might buy it if it were for sale.

I am test driving cars now. I liked the new mini SUV Hyundai Venue and a 2018 top trim impreza hatch with leather. The Kona is eye catching and popular but I liked the venue better, plus it is cheaper, so that’s off the list.

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Look at his “past deals” link which doesn’t require registration.

Most of them are in very poor cities with declining population like Gary and Hammond Indiana.

I have a feeling his scam is buying $10,000 houses with a proxy, possibly putting in some cosmetic fixes, filling it with a tenant at a fake inflated rate, and flipping it for $60,000 to an “investor” who has never been to a place like that.

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1. Most of the plans seem to be all within 5% of each other in overall estimated cost, at least with my usage.

2. SDGE’s website tells you which plan is the cheapest based on the past 12 months usage. This is located on the same page where you switch plans, the estimates are below the plan name.

3. It’s funny to see people with $80,000 cars worry about saving 30 cents by doing their dishes or laundry at night.

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“ Home prices might have doubled wages certainly did not.”

Payments haven’t doubled though. And stock portfolios have.

And if you’re talking about wages for a new liberal arts degree grads from ucsd and state, yes they have more than doubled since about 2012.

Construction labor wages have also basically doubled since 2012ish.

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Flu, zillow says my condo is 1.05m up from 800k 30 days ago.

I don’t think this is correct, but who knows.

I think I did try to talk you out of an early mortgage payoff. Not specifically to buy more RE, more on general principle of keeping very low interest debt.

I had dinner last night at Kaiserhoff with a wealthy couple visiting San Diego, friends of my relatives. They are insanely bullish right now across the board, stocks and more, and the wife was talking about buying a house in Coronado where they were staying and retiring part time to San Diego. They didn’t flinch when I told them a house in Coronado up to their standards would be $3 million or more.

I did the spectrum to att switch at my office. I am getting too old and rich to switch every 13 months back and forth to always be on the promo rate. But spectrum’s retention dept wouldn’t budge below $90/mo for biz internet, att offered $55 for a year. I had them for about 3 years, that’s probably a record for me. Besides saving $400 for 40 minutes of my time, switching also confuses all the creepy adware databases by giving me a new IP range.

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I spoke too soon, I am now getting the random questions about bank statements. They want a copy of the check I paid my 2020 income taxes with for example.

I still feel like this has been a smoother process than my last mortgage app in 2016, as well as several 2011-2015.

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Payment of dividends over many years is a signal that the company has a very secure stream of actual cash profits.

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Thank you xbox. We’ll see if the giant YoY Rich reported will be reflected by redfin in the future and also continue to show the high end doing best.

$1.05m doesn’t feel very high end anymore, but I guess South and East County are big places we tend to ignore.

I certainly hope so, as my “portfolio” is weighted about 20% mid-price and 80% high end.

Or maybe 100% high end. Zillow now says my full ocean view condo is worth exactly 1.05m, up 20% in 30 days. I wish!

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Looks like 2.75% is exactly the best rate for your situation and no-cost.

Better to get a 15-year no-cost at around 2.125%. Your interest amount declines by $4700 a year rather than $1350, and you can easily afford the higher monthly principal payment.

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