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Mooki
ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
ParticipantLoan amount low $600K in Carlsbad. Single family detached built in the early 2000.
ParticipantLoan amount low $600K in Carlsbad. Single family detached built in the early 2000.
ParticipantLoan amount low $600K in Carlsbad. Single family detached built in the early 2000.
ParticipantLoan amount low $600K in Carlsbad. Single family detached built in the early 2000.
ParticipantLoan amount low $600K in Carlsbad. Single family detached built in the early 2000.
ParticipantI’m still looking at houses in these three communities. Anyone familiar with these areas? Prices per sq. ft. seems to be in line with the current 92011 median. All on tiny lots but offset by walking distance to the beach. Any insight is appreciated. Thanks.
ParticipantI’m still looking at houses in these three communities. Anyone familiar with these areas? Prices per sq. ft. seems to be in line with the current 92011 median. All on tiny lots but offset by walking distance to the beach. Any insight is appreciated. Thanks.
ParticipantI’m still looking at houses in these three communities. Anyone familiar with these areas? Prices per sq. ft. seems to be in line with the current 92011 median. All on tiny lots but offset by walking distance to the beach. Any insight is appreciated. Thanks.
ParticipantI’m still looking at houses in these three communities. Anyone familiar with these areas? Prices per sq. ft. seems to be in line with the current 92011 median. All on tiny lots but offset by walking distance to the beach. Any insight is appreciated. Thanks.
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