[urbanrealtor]

The thing I would add to Davelj’s post is that you really need to add the hoa fees into that rent equation.

This area is going to be good for rental (essentially forever) due to its proximity to rte 41/27 bus line and UCSD (yes I used to live there) but the rents are what they are. While parents may be duped by gated complexes and nice neighborhoods, most students are poor and will not pay above market.

Specifically, the unit is going to take in rent minus hoa fees. The real annual rent is this times 12. I would knock off 20% to account for repair and vacancy costs (as well as other costs like tax and insurance). This can get you a sort of rough cap rate.

I would find these compelling if I could get at least 8% of sale price back annually (based on the above numbers) I would find that compelling enough to consider. Part of my reasoning is that rent increases every year and vanilla loan payments do not (emphasis on vanilla).

[urbanrealtor]

The thing I would add to Davelj’s post is that you really need to add the hoa fees into that rent equation.

This area is going to be good for rental (essentially forever) due to its proximity to rte 41/27 bus line and UCSD (yes I used to live there) but the rents are what they are. While parents may be duped by gated complexes and nice neighborhoods, most students are poor and will not pay above market.

Specifically, the unit is going to take in rent minus hoa fees. The real annual rent is this times 12. I would knock off 20% to account for repair and vacancy costs (as well as other costs like tax and insurance). This can get you a sort of rough cap rate.

I would find these compelling if I could get at least 8% of sale price back annually (based on the above numbers) I would find that compelling enough to consider. Part of my reasoning is that rent increases every year and vanilla loan payments do not (emphasis on vanilla).

[urbanrealtor]

awesome

[urbanrealtor]

awesome

[urbanrealtor]

awesome

[urbanrealtor]

awesome

[urbanrealtor]

awesome

[urbanrealtor]

Can somebody rehash the ad?

I missed it and now its removed.

[urbanrealtor]

Can somebody rehash the ad?

I missed it and now its removed.

[urbanrealtor]

Can somebody rehash the ad?

I missed it and now its removed.

[urbanrealtor]

Can somebody rehash the ad?

I missed it and now its removed.

[urbanrealtor]

Can somebody rehash the ad?

I missed it and now its removed.

[urbanrealtor]

[quote=cooprider]Bush has his faults and so does Obama, the latter simply hasn’t had time to display them. Well, not all of them at least.

I read Time magazine’s article on Person of the Year and I’ve somewhat come to appreciate Barack Hussein’s ambitions, but then again, how’s that saying about good intentions go? I then remembered that publication has been propagating Obama longer than any pigg.

The expectations on Obamination are unrealistic, and he’s done absolutely nothing yet. Except of course not be George Bush.

Once Obama’s fence-riding on Iraq, Afghanistan, Georgia, Iran, and Russia results in another attack on the US you can bet the media and the sheople will turn on him too. [/quote]

While I disagree with the predictions, I otherwise totally agree with cooprider.

I voted out of frustration and hope but then so did many people when voting for w 8 years ago.

As with any president (or anyone in any position), performance is the real measure. There are different ways to measure or evaluate that, and those who score on the broadest range of measurements tend to have the legacy thing going and be remembered most fondly (eg: Reagan, Clinton).

[urbanrealtor]

[quote=cooprider]Bush has his faults and so does Obama, the latter simply hasn’t had time to display them. Well, not all of them at least.

I read Time magazine’s article on Person of the Year and I’ve somewhat come to appreciate Barack Hussein’s ambitions, but then again, how’s that saying about good intentions go? I then remembered that publication has been propagating Obama longer than any pigg.

The expectations on Obamination are unrealistic, and he’s done absolutely nothing yet. Except of course not be George Bush.

Once Obama’s fence-riding on Iraq, Afghanistan, Georgia, Iran, and Russia results in another attack on the US you can bet the media and the sheople will turn on him too. [/quote]

While I disagree with the predictions, I otherwise totally agree with cooprider.

I voted out of frustration and hope but then so did many people when voting for w 8 years ago.

As with any president (or anyone in any position), performance is the real measure. There are different ways to measure or evaluate that, and those who score on the broadest range of measurements tend to have the legacy thing going and be remembered most fondly (eg: Reagan, Clinton).

[urbanrealtor]

[quote=cooprider]Bush has his faults and so does Obama, the latter simply hasn’t had time to display them. Well, not all of them at least.

I read Time magazine’s article on Person of the Year and I’ve somewhat come to appreciate Barack Hussein’s ambitions, but then again, how’s that saying about good intentions go? I then remembered that publication has been propagating Obama longer than any pigg.

The expectations on Obamination are unrealistic, and he’s done absolutely nothing yet. Except of course not be George Bush.

Once Obama’s fence-riding on Iraq, Afghanistan, Georgia, Iran, and Russia results in another attack on the US you can bet the media and the sheople will turn on him too. [/quote]

While I disagree with the predictions, I otherwise totally agree with cooprider.

I voted out of frustration and hope but then so did many people when voting for w 8 years ago.

As with any president (or anyone in any position), performance is the real measure. There are different ways to measure or evaluate that, and those who score on the broadest range of measurements tend to have the legacy thing going and be remembered most fondly (eg: Reagan, Clinton).

[Author]

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