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I think we’re far more likely to go up 12% this year than have a correction of even -2%.

That would mean a return of over 50% on a downpayment of 20%.

I have a rental house and condo. The condo is much simpler. The HOA is a bit of a hassle in minor ways but overall not worrying about exterior maintenance is very nice.

I would certainly buy ASAP if I didn’t already own 3 San Diego properties. And I would buy a fourth if a perfect place hit the market.

Purely for a low cost investment, I’d get a small condo in City Heights, Loma Portal, or Linda Vista and ride the last leg of gentrification. They are mostly there already, but not quite.

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92107 is back under 1 month supply. 28 sales the last month, MLS inventory is currently 25.

Who did you use? Is this a no-cost rate?

My rate and balance is fairly low so I wouldn’t refi unless it is 3.0 and zero cost.

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Wow, 2.86 when i posted this, and 1.28 right now.

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Lower delinquent rates mean lower fees for PMI, lower rates for jumbos, and lower charges from the GSEs for conforming loans.

The last thing needed for bubble 2.0 is a return to loose underwriting. Yield hunger and lower losses year after year is the ticket. 2008 is so very long ago. It’s a new paradigm! A mortgage is a civil right!

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Wow I am see 5 properties without HOA for sale there and 17 sales in the past 30 days. 0.3 month supply!

The share of houses sold above asking is high too.

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Current 92107 inventory: 29.
Sales in past 30 days: 26.

That’s a 1.1 month supply in the middle of winter!

2020 could finally be another year of 10% price gains!

Low rates have sent refi levels to the highest since 2013.

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Draw a triangle between Carmel Valley, Soledad Mtn, and Mira Mesa.

I don’t think overseas buyers like the older stock along the coast: smaller, older, harder to value, and more maintenance.

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TG, congrats on the ticket flip!

Beware of scams though.

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One case in OC, one in LA. Time to shut down the 5.

Back on topic, panic buying of treasuries sends the 10 year to 1.63%. Sub-3.5% 30 year fixed will soon be back for those with sterling credit.

Last week 15 year rates hit a 39-month low, averaging 3.25%. This figure includes those with poor credit or who don’t shop around.

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Cal auto rates have to approved by the doi in advance, same as most states.

Even rate cuts require approval.

The approval requires a cost justification, so if women’s discount is going down it is because of claims data.

I doubt fake-transgenders could be a cause, just too few people doing it.

As for real ones, does a middle-aged man taking a megadose of estrogens and undertaking a 2nd, female puberty hurt his driving? Do you all remember how moody you were the first year or two of puberty, 12-13 for most of us?

For transmen, we know what artificial male hormones do: roid rage.

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Pigs are the major meat animal most closely related to human beings and thus the largest disease risk.

Primates are sporadically consumed for meat in Africa and Asia, sometimes called “bush meat.” This is how HIV first infected human beings, likely in Congo in the 1950s.

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I’ll go with 8%, no large differences between single family and condo.

Unfortunately the many sources of rent data disagree on this important factor.

ApartmentGuide.com says SD 2 bed rentals are up 16%.

Rent Jungle says down 4%.

CoreLogic says up 3%.

Average the three and you get up 5%.

The prices at new coastal complexes are staggering. Jefferson “PB” is actually next to the 5 ramp on the wrong side of Mission Bay Drive and a 52 minute walk to the actual beach. You can’t really walk to anything other than maybe the In N Out.

Yet the cheapest 580sf studio is $2300 and the cheapest 1000sf 2 bedroom is $3600, with the 1400sf floorplans going for $4500.

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Hey, I hit my price prediction directly on the nose last year.

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California median SFH price went up 10% YoY in Dec 2019:

https://www.car.org/aboutus/mediacenter/newsreleases/2020releases/december2019sales

Lots of other bullish stats in that article.

Unfortunately for us, looks like it is another year San Diego underperformed.

Come on FANG/Big Tech, expand your SD offices faster so your staff can afford a house on a $150,000 wage!

This is by far the best use of the Qualcomm and Sports Arena sites. I do like going to Koby’s swap meet a couple times a year, but what a poor use of prime RE.

Besides the Arena lot itself, the city also owns some of the strip malls around it. The Pier One next door for example had its lease non-renewed in preparation for redevelopment.

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Household size is on a long term negative trend due to fewer children and later marriage, as well as longer lifespans. My grama for example lives alone in a 2200SF house that used to have 4 residents. And when she was 24 she was in a household with a husband and 2 children. How many 24 year old women in California can say that?

Aside from changes in family trends, the good economy is splitting up roommates households and boomerang children situations.

These are trends that are, overall, good for the market. But some of these new households are starting in the suburbs, leaving a smaller household behind in San Diego.

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