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sdrealtor
ParticipantLBC,
I agree about the compression around $3K for a rental. I think you are right on. As for one anecdotal story, I hear about rentals flying off the shelf everyday if they are in a desireable area and priced at the market. I guess your area must not share the same demand as by the coast because the rental market is sizzling hot here.Overpriced rentals on the market by speculators that got in too late are just as overpriced as the same type of folks selling homes. With that said, a day doesnt pass that I dont hear a colleague say how hot the rental market is. Over 20 calls in one day is astounding!
BTW, I just checked the MLS. There isnt ONE single family home for rent in South Carlsbad under $2500 and four between 2500 and 3000.
ParticipantSDC
It was a crappy 2 br place but west of the 5 in coastal north county.ParticipantBrian,
I live and work in one of the nicest parts of Carlsbad. It is wonderful here. Prices should be much more palatible in a year or two. There are lots of single family homes that are rented around here in all neighborhoods (good and bad). You might be surprised to find such nice homes for rent in great neighborhoods but lots of people have moved away and kept their homes. Sure there are recent speculators but there is a nice inventory of long time rental properties. Its a phenomena that I never saw anywhere lese I lived in the country.Rents for a nice 2,000 sq ft house probably run around 2300 to 2500. There are some for more and some for less. The problem isnt necessarily rental rates its more about finding one that you like. The good ones go quick and the vacancies seems to be getting slimmer every day.
SDR
ParticipantHe thought he did!
ParticipantMoving is expensive so make sure you factor that cost in. Moving goes far beyond the physical move, dont forget to include changing all your accounts and utilities, disruption in your work/personal lives etc. You may find that you are better off staying put.
ParticipantUpgrades are worth what someone is willing to pay for them. nothing more, Nothing Less.
ParticipantLooks like this thread has run its course.
Move on people…nothing to see…
ParticipantSDCellar,
he was kiddingParticipantI agree that there shouldnt be huge differences in very similar properties. But $10K to $20K is not a huge difference in my book to get the house you like better. AN said he would rather save to $10 to 20K and buy the cheaper one. In the same breathe said he drives a relatively expensive car which is the most rapidly depreciating asset in the world in good times and bad.
ParticipantThank you Balsr,
It was a joke. It is funny though that it touched a nerve. I wonder how many of those that jumped in have rapidly depreciating sports cars in their driveways that require $250 oil changes and frequent tune ups to keep purring. It just goes to show you that everyone makes emotional decisions on something in their lives otherwise we would all be automatons.FormerSD,
“This portion of thread gives new meaning to the forum topic “lowballing”.
That’s hysterical!ParticipantDifferent strokes for different folks. There are lots of things that go beyond the actual house like view, orientation (vis a vis southwest facing yard) big yard, cul de sac locations etc. that add value but which you are completely overlooking. They can and do add value. Personally I’d rather drive a cheaper car than either of your choices and put a couple hundred bucks in the bank every month than drive around in my surogate p*nis.
ParticipantSD R,
Mortage brokers acting as real estate agents is a recipe for disaster. Many of the worst abuses against clients I have seen have come under these circumstances.SDR
Participantexactly!
ParticipantROTFLMAO
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