Forum Replies Created
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AuthorPosts
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SmellsFeeshy
ParticipantI think there actually is a Pho King in SD, but I believe its in El Cajon or somewhere east on the 8. I still plan on opening a vietnamese american fusion BBQ restaurant. I will call it Pho Q. Then when my restaurant is wildly successful I’ll open a new branch called Pho Q 2.
ParticipantI think there actually is a Pho King in SD, but I believe its in El Cajon or somewhere east on the 8. I still plan on opening a vietnamese american fusion BBQ restaurant. I will call it Pho Q. Then when my restaurant is wildly successful I’ll open a new branch called Pho Q 2.
ParticipantI think there actually is a Pho King in SD, but I believe its in El Cajon or somewhere east on the 8. I still plan on opening a vietnamese american fusion BBQ restaurant. I will call it Pho Q. Then when my restaurant is wildly successful I’ll open a new branch called Pho Q 2.
ParticipantI think there actually is a Pho King in SD, but I believe its in El Cajon or somewhere east on the 8. I still plan on opening a vietnamese american fusion BBQ restaurant. I will call it Pho Q. Then when my restaurant is wildly successful I’ll open a new branch called Pho Q 2.
Participant[quote=sdnerd]
They rent from $1,200-$1,400/mo right now, with no 1 bedrooms on CL.(Yes, I know rents are probably falling and most people don’t have 20% downs.. still seems too cash flow positive right now)[/quote]
I think $1200-1400 is a little high for Lucera based on current rents I’ve seen. You’re talking about the 1BR ~600sqft units right? Seems like comparable conversion units (like at Verano, Vicenza and Venetian) are being advertised on CL for around $1000-1200. Lucera has a better location and is nicer for the most part though so maybe that would justify a slight premium but I still think that when you factor in upkeep the 1BR at Lucera is probably close to break even at best even with 20% down.
Participant[quote=sdnerd]
They rent from $1,200-$1,400/mo right now, with no 1 bedrooms on CL.(Yes, I know rents are probably falling and most people don’t have 20% downs.. still seems too cash flow positive right now)[/quote]
I think $1200-1400 is a little high for Lucera based on current rents I’ve seen. You’re talking about the 1BR ~600sqft units right? Seems like comparable conversion units (like at Verano, Vicenza and Venetian) are being advertised on CL for around $1000-1200. Lucera has a better location and is nicer for the most part though so maybe that would justify a slight premium but I still think that when you factor in upkeep the 1BR at Lucera is probably close to break even at best even with 20% down.
Participant[quote=sdnerd]
They rent from $1,200-$1,400/mo right now, with no 1 bedrooms on CL.(Yes, I know rents are probably falling and most people don’t have 20% downs.. still seems too cash flow positive right now)[/quote]
I think $1200-1400 is a little high for Lucera based on current rents I’ve seen. You’re talking about the 1BR ~600sqft units right? Seems like comparable conversion units (like at Verano, Vicenza and Venetian) are being advertised on CL for around $1000-1200. Lucera has a better location and is nicer for the most part though so maybe that would justify a slight premium but I still think that when you factor in upkeep the 1BR at Lucera is probably close to break even at best even with 20% down.
Participant[quote=sdnerd]
They rent from $1,200-$1,400/mo right now, with no 1 bedrooms on CL.(Yes, I know rents are probably falling and most people don’t have 20% downs.. still seems too cash flow positive right now)[/quote]
I think $1200-1400 is a little high for Lucera based on current rents I’ve seen. You’re talking about the 1BR ~600sqft units right? Seems like comparable conversion units (like at Verano, Vicenza and Venetian) are being advertised on CL for around $1000-1200. Lucera has a better location and is nicer for the most part though so maybe that would justify a slight premium but I still think that when you factor in upkeep the 1BR at Lucera is probably close to break even at best even with 20% down.
Participant[quote=sdnerd]
They rent from $1,200-$1,400/mo right now, with no 1 bedrooms on CL.(Yes, I know rents are probably falling and most people don’t have 20% downs.. still seems too cash flow positive right now)[/quote]
I think $1200-1400 is a little high for Lucera based on current rents I’ve seen. You’re talking about the 1BR ~600sqft units right? Seems like comparable conversion units (like at Verano, Vicenza and Venetian) are being advertised on CL for around $1000-1200. Lucera has a better location and is nicer for the most part though so maybe that would justify a slight premium but I still think that when you factor in upkeep the 1BR at Lucera is probably close to break even at best even with 20% down.
Participant[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.
Participant[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.
Participant[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.
Participant[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.
Participant[quote=DWCAP]
1/1’s in Mira Mesa have just started to hit around the higher $900’s. Most still try to go for more, and rents move slowly, but I know complexs (atleast 1)in the Southeastern area are loosing people quickly. It is only a matter of time. It will be hard for UTC to move up much on the backs of students when they can just move to MM and pay less.
[/quote]I think that UTC will always command a premium for UCSD students over MM though. Especially in east MM near the 15. You’re talking about 5 mins to campus vs. 20 without traffic. Also, a lot of UCSD students are pretty affluent and especially if you’re renting a 2-3br apartment with roommates the difference in rent will probably be like $50-100 more per person at the most. For that price I think most would choose UTC over MM easily.
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