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SD Realtor
ParticipantI agree with all of your posts zk. I think it is one of those, “to each his own”. For our family I found value in Scripps for a bit less then CV and the family atmosphere works for us. Now taste wise my wife would rather be a bit more rural into Poway. Anyways I agree with you, I think they are very similar, there are some parts about Scripps I like alot that CV doesn’t have. However I hate the commute down Pomerado with a passion!
ParticipantI agree with all of your posts zk. I think it is one of those, “to each his own”. For our family I found value in Scripps for a bit less then CV and the family atmosphere works for us. Now taste wise my wife would rather be a bit more rural into Poway. Anyways I agree with you, I think they are very similar, there are some parts about Scripps I like alot that CV doesn’t have. However I hate the commute down Pomerado with a passion!
ParticipantI agree with all of your posts zk. I think it is one of those, “to each his own”. For our family I found value in Scripps for a bit less then CV and the family atmosphere works for us. Now taste wise my wife would rather be a bit more rural into Poway. Anyways I agree with you, I think they are very similar, there are some parts about Scripps I like alot that CV doesn’t have. However I hate the commute down Pomerado with a passion!
ParticipantI cannot think of a better way to achieve a stronger overall market. This of course will add to imbalances with regards to investor owned properties and such. However in all honesty, (and CAR I know you will not like this) owning a home is not a right. We allo know the pendulum was going to need to swing hard in the other direction and if we had standards like this to begin with, it would have been helpful. Reducing the FHA footprint is a great idea. Hopefully we will see prices adjust but it will not happen overnight. The rubber band does not just snapback immediately.
ParticipantI cannot think of a better way to achieve a stronger overall market. This of course will add to imbalances with regards to investor owned properties and such. However in all honesty, (and CAR I know you will not like this) owning a home is not a right. We allo know the pendulum was going to need to swing hard in the other direction and if we had standards like this to begin with, it would have been helpful. Reducing the FHA footprint is a great idea. Hopefully we will see prices adjust but it will not happen overnight. The rubber band does not just snapback immediately.
ParticipantI cannot think of a better way to achieve a stronger overall market. This of course will add to imbalances with regards to investor owned properties and such. However in all honesty, (and CAR I know you will not like this) owning a home is not a right. We allo know the pendulum was going to need to swing hard in the other direction and if we had standards like this to begin with, it would have been helpful. Reducing the FHA footprint is a great idea. Hopefully we will see prices adjust but it will not happen overnight. The rubber band does not just snapback immediately.
ParticipantI cannot think of a better way to achieve a stronger overall market. This of course will add to imbalances with regards to investor owned properties and such. However in all honesty, (and CAR I know you will not like this) owning a home is not a right. We allo know the pendulum was going to need to swing hard in the other direction and if we had standards like this to begin with, it would have been helpful. Reducing the FHA footprint is a great idea. Hopefully we will see prices adjust but it will not happen overnight. The rubber band does not just snapback immediately.
ParticipantI cannot think of a better way to achieve a stronger overall market. This of course will add to imbalances with regards to investor owned properties and such. However in all honesty, (and CAR I know you will not like this) owning a home is not a right. We allo know the pendulum was going to need to swing hard in the other direction and if we had standards like this to begin with, it would have been helpful. Reducing the FHA footprint is a great idea. Hopefully we will see prices adjust but it will not happen overnight. The rubber band does not just snapback immediately.
February 20, 2011 at 1:37 PM in reply to: $300k property $2800 in rent does it work on paper? #668712ParticipantDooh lots of variables when you are talking about rentals.
First off you need to figure out what you are shooting for, cash flow or appreciation? There are alot of people that subscribe to the 50% rule. That is, your operating costs should not be more then 50% of the rent. So adding up all your monthly costs, if they are more then 50% of the rent, conservative real estate investors would say pass.
Also as pointed out, there may be better investments for 300k cash then what you are thinking of.
You need to specify all of the parameters better then you did in order for anyone to tell you if it is a good deal or not. Without even looking I can tell you that it is not a good deal compared to other states or even other possible areas in California.
February 20, 2011 at 1:37 PM in reply to: $300k property $2800 in rent does it work on paper? #668774ParticipantDooh lots of variables when you are talking about rentals.
First off you need to figure out what you are shooting for, cash flow or appreciation? There are alot of people that subscribe to the 50% rule. That is, your operating costs should not be more then 50% of the rent. So adding up all your monthly costs, if they are more then 50% of the rent, conservative real estate investors would say pass.
Also as pointed out, there may be better investments for 300k cash then what you are thinking of.
You need to specify all of the parameters better then you did in order for anyone to tell you if it is a good deal or not. Without even looking I can tell you that it is not a good deal compared to other states or even other possible areas in California.
February 20, 2011 at 1:37 PM in reply to: $300k property $2800 in rent does it work on paper? #669381ParticipantDooh lots of variables when you are talking about rentals.
First off you need to figure out what you are shooting for, cash flow or appreciation? There are alot of people that subscribe to the 50% rule. That is, your operating costs should not be more then 50% of the rent. So adding up all your monthly costs, if they are more then 50% of the rent, conservative real estate investors would say pass.
Also as pointed out, there may be better investments for 300k cash then what you are thinking of.
You need to specify all of the parameters better then you did in order for anyone to tell you if it is a good deal or not. Without even looking I can tell you that it is not a good deal compared to other states or even other possible areas in California.
February 20, 2011 at 1:37 PM in reply to: $300k property $2800 in rent does it work on paper? #669520ParticipantDooh lots of variables when you are talking about rentals.
First off you need to figure out what you are shooting for, cash flow or appreciation? There are alot of people that subscribe to the 50% rule. That is, your operating costs should not be more then 50% of the rent. So adding up all your monthly costs, if they are more then 50% of the rent, conservative real estate investors would say pass.
Also as pointed out, there may be better investments for 300k cash then what you are thinking of.
You need to specify all of the parameters better then you did in order for anyone to tell you if it is a good deal or not. Without even looking I can tell you that it is not a good deal compared to other states or even other possible areas in California.
February 20, 2011 at 1:37 PM in reply to: $300k property $2800 in rent does it work on paper? #669863ParticipantDooh lots of variables when you are talking about rentals.
First off you need to figure out what you are shooting for, cash flow or appreciation? There are alot of people that subscribe to the 50% rule. That is, your operating costs should not be more then 50% of the rent. So adding up all your monthly costs, if they are more then 50% of the rent, conservative real estate investors would say pass.
Also as pointed out, there may be better investments for 300k cash then what you are thinking of.
You need to specify all of the parameters better then you did in order for anyone to tell you if it is a good deal or not. Without even looking I can tell you that it is not a good deal compared to other states or even other possible areas in California.
ParticipantI think Scripps has some character. Not as much in the geography as in some of the neighborhoods. I think in terms of family orientation Scripps is a fantastic place. I would imagine CV is as well but have not lived there. However with Scripps where we have lived we found alot of great stuff with neighbors and families.
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