[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

Pem yes and agree with what you are saying. While there is much less demand for MH and PL there is also much less supply. I do agree prices have been buoyed in those locales as well, in fact some clients of mine just bought in MH. They love it there. Young couple as well, no kids. Another young couple on my hockey team lives there, no kids either. So yes, it is a nice destination for plenty of people.

It has just been my experience that those clients of mine who are young families with kids are looking elsewhere.

[SD Realtor]

So you stated earlier you are interested in cash flow. If you are looking at cash flow then I would not really be looking in UTC at all. If you are looking at appreciation that is another story. There are some seasoned rental property owners like FSD and Surveyor who can comment about investment. My rental properties were not bought for investments, they were bought to live in and when I moved out of them I kept them. I did buy a little one bedroom for investment back in 2002 in Mission Valley and ended up doing okay on it but it was for appreciation not cash flow.

I am not saying buying in UTC is a bad idea but I think for cash flow, it doesn’t strike me as a great spot.

I think if you make a spreadsheet and put together a few different areas, compare rents, your costs, etc and see what your cap rate will be and what your investment will be, you will find better cash flowing vehicles.

[SD Realtor]

So you stated earlier you are interested in cash flow. If you are looking at cash flow then I would not really be looking in UTC at all. If you are looking at appreciation that is another story. There are some seasoned rental property owners like FSD and Surveyor who can comment about investment. My rental properties were not bought for investments, they were bought to live in and when I moved out of them I kept them. I did buy a little one bedroom for investment back in 2002 in Mission Valley and ended up doing okay on it but it was for appreciation not cash flow.

I am not saying buying in UTC is a bad idea but I think for cash flow, it doesn’t strike me as a great spot.

I think if you make a spreadsheet and put together a few different areas, compare rents, your costs, etc and see what your cap rate will be and what your investment will be, you will find better cash flowing vehicles.

[SD Realtor]

So you stated earlier you are interested in cash flow. If you are looking at cash flow then I would not really be looking in UTC at all. If you are looking at appreciation that is another story. There are some seasoned rental property owners like FSD and Surveyor who can comment about investment. My rental properties were not bought for investments, they were bought to live in and when I moved out of them I kept them. I did buy a little one bedroom for investment back in 2002 in Mission Valley and ended up doing okay on it but it was for appreciation not cash flow.

I am not saying buying in UTC is a bad idea but I think for cash flow, it doesn’t strike me as a great spot.

I think if you make a spreadsheet and put together a few different areas, compare rents, your costs, etc and see what your cap rate will be and what your investment will be, you will find better cash flowing vehicles.

[SD Realtor]

So you stated earlier you are interested in cash flow. If you are looking at cash flow then I would not really be looking in UTC at all. If you are looking at appreciation that is another story. There are some seasoned rental property owners like FSD and Surveyor who can comment about investment. My rental properties were not bought for investments, they were bought to live in and when I moved out of them I kept them. I did buy a little one bedroom for investment back in 2002 in Mission Valley and ended up doing okay on it but it was for appreciation not cash flow.

I am not saying buying in UTC is a bad idea but I think for cash flow, it doesn’t strike me as a great spot.

I think if you make a spreadsheet and put together a few different areas, compare rents, your costs, etc and see what your cap rate will be and what your investment will be, you will find better cash flowing vehicles.

[SD Realtor]

So you stated earlier you are interested in cash flow. If you are looking at cash flow then I would not really be looking in UTC at all. If you are looking at appreciation that is another story. There are some seasoned rental property owners like FSD and Surveyor who can comment about investment. My rental properties were not bought for investments, they were bought to live in and when I moved out of them I kept them. I did buy a little one bedroom for investment back in 2002 in Mission Valley and ended up doing okay on it but it was for appreciation not cash flow.

I am not saying buying in UTC is a bad idea but I think for cash flow, it doesn’t strike me as a great spot.

I think if you make a spreadsheet and put together a few different areas, compare rents, your costs, etc and see what your cap rate will be and what your investment will be, you will find better cash flowing vehicles.

[SD Realtor]

I also think that your ideas have merit. I don’t think anyone disagrees about upcoming inflation and much higher interest rates. I think the biggest question is how long they can keep the charade going. I believe the can keep it going for quite awhile and an external catalyst will be the event that cracks it open.

The question is will it be a year, 2 years, 5 years? Hard to say.

Given the rates of return on any investment and the potential for rampant rates, it is very hard to argue with logic that says you can have a tangible asset using borrowed money at a rate that will be phenomally low compared to rates in the future.

The depreciation question should not be ignored though. How much will property depreciate AT current interest rate levels. Then how much further will it depreciate when the rates skyrocket? Tough call isnt it? If rates go as high as I think they will, then I think your logic is correct.

Prediction, look for more federal intervention into the housing market this year in the form of stimulus.

[SD Realtor]

I also think that your ideas have merit. I don’t think anyone disagrees about upcoming inflation and much higher interest rates. I think the biggest question is how long they can keep the charade going. I believe the can keep it going for quite awhile and an external catalyst will be the event that cracks it open.

The question is will it be a year, 2 years, 5 years? Hard to say.

Given the rates of return on any investment and the potential for rampant rates, it is very hard to argue with logic that says you can have a tangible asset using borrowed money at a rate that will be phenomally low compared to rates in the future.

The depreciation question should not be ignored though. How much will property depreciate AT current interest rate levels. Then how much further will it depreciate when the rates skyrocket? Tough call isnt it? If rates go as high as I think they will, then I think your logic is correct.

Prediction, look for more federal intervention into the housing market this year in the form of stimulus.

[SD Realtor]

I also think that your ideas have merit. I don’t think anyone disagrees about upcoming inflation and much higher interest rates. I think the biggest question is how long they can keep the charade going. I believe the can keep it going for quite awhile and an external catalyst will be the event that cracks it open.

The question is will it be a year, 2 years, 5 years? Hard to say.

Given the rates of return on any investment and the potential for rampant rates, it is very hard to argue with logic that says you can have a tangible asset using borrowed money at a rate that will be phenomally low compared to rates in the future.

The depreciation question should not be ignored though. How much will property depreciate AT current interest rate levels. Then how much further will it depreciate when the rates skyrocket? Tough call isnt it? If rates go as high as I think they will, then I think your logic is correct.

Prediction, look for more federal intervention into the housing market this year in the form of stimulus.

[SD Realtor]

I also think that your ideas have merit. I don’t think anyone disagrees about upcoming inflation and much higher interest rates. I think the biggest question is how long they can keep the charade going. I believe the can keep it going for quite awhile and an external catalyst will be the event that cracks it open.

The question is will it be a year, 2 years, 5 years? Hard to say.

Given the rates of return on any investment and the potential for rampant rates, it is very hard to argue with logic that says you can have a tangible asset using borrowed money at a rate that will be phenomally low compared to rates in the future.

The depreciation question should not be ignored though. How much will property depreciate AT current interest rate levels. Then how much further will it depreciate when the rates skyrocket? Tough call isnt it? If rates go as high as I think they will, then I think your logic is correct.

Prediction, look for more federal intervention into the housing market this year in the form of stimulus.

[SD Realtor]

I also think that your ideas have merit. I don’t think anyone disagrees about upcoming inflation and much higher interest rates. I think the biggest question is how long they can keep the charade going. I believe the can keep it going for quite awhile and an external catalyst will be the event that cracks it open.

The question is will it be a year, 2 years, 5 years? Hard to say.

Given the rates of return on any investment and the potential for rampant rates, it is very hard to argue with logic that says you can have a tangible asset using borrowed money at a rate that will be phenomally low compared to rates in the future.

The depreciation question should not be ignored though. How much will property depreciate AT current interest rate levels. Then how much further will it depreciate when the rates skyrocket? Tough call isnt it? If rates go as high as I think they will, then I think your logic is correct.

Prediction, look for more federal intervention into the housing market this year in the form of stimulus.

[SD Realtor]

With regards to those writing code for a living and depending on W2 income, I can say that with 100% certainty that 0% of them have ever asked me to look at homes in MH or PL. Furthermore none of them have even asked me to put those areas in for a home search. They did not care about High Tech High school as well. They wanted a neighborhood that had alot of kids, that had a good school district and they were much more focussed on starting a family or growing an existing young family.

I am not sure if there is even a single Pigg poster or lurker with young children who has ever chimed in about wanting to raise the kids in Mission Hills or even 92103 for that matter. Maybe not so much for Point Loma but really, parse through the archives and you guys tell me how many posters you see making queries about raising kids in Mission Hills and Point Loma.

Please don’t get me wrong, these are beautiful places to live. However the demand for these places is much smaller then the demand for what the average engineer and his wife want.

One thing that I have found to be common with most my clients regardless of profession, race, or religion is that those with kids all wanted to be in the same spots. Again, CV, PQ, Scripps, Encinitas, 4S, some UC and Clairmont as well. None ever mentioned MH or PL. I am not saying that there are not exceptions to the rule. Bearish and Pem if you deal with young families every day and are trying to find them homes to live then you can chime in and let me know of how many of them are looking to raise thier families in MH or PL.

I know you guys all may have some exceptions to the rule, but based on my own experience of people I work with who have bought and who are looking they are exceptions and not anything more then that.

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