tag:blogger.com,1999:blog-25213986.post115328219114279402..comments2023-09-05T02:56:11.562-07:00Comments on San Diego Market Monitor: Another Downtown Condo in Trouble - La Vita #1909Unknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-25213986.post-1153628214177027582006-07-22T21:16:00.000-07:002006-07-22T21:16:00.000-07:00Why anyone would buy a condo in San Diego right no...Why anyone would buy a condo in San Diego right now is beyond me. Why buy if I can rent it for 2/3 or even 1/2 the cost of owning?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153338605788137652006-07-19T12:50:00.000-07:002006-07-19T12:50:00.000-07:00The rent in my view is slighly out of wack, a dece...The rent in my view is slighly out of wack, a decent deal is about $2,300-2,400 or so.<BR/><BR/>The unit does look pretty nice.Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153338255465600552006-07-19T12:44:00.000-07:002006-07-19T12:44:00.000-07:00Has the condo actually rented?That rent seems insa...Has the condo actually rented?<BR/><BR/>That rent seems insanely out of whack for the size of the place.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153334740285020662006-07-19T11:45:00.000-07:002006-07-19T11:45:00.000-07:00anon 11:19,That is an excellent question. Can any...anon 11:19,<BR/><BR/>That is an excellent question. Can anyone here shed any light on what is going on here?Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153333147325889782006-07-19T11:19:00.000-07:002006-07-19T11:19:00.000-07:00I thought property taxes were 1.25%.If so, 1.25% o...I thought property taxes were 1.25%.<BR/><BR/>If so, 1.25% of $810K is $10K or about $840 per month.<BR/><BR/>What am I missing?<BR/><BR/>Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153328236268383442006-07-19T09:57:00.000-07:002006-07-19T09:57:00.000-07:00I'm thinking this person is an SDG&E or Sempra emp...I'm thinking this person is an SDG&E or Sempra employee (they get free or discounted electric) since there isn't a rational reason for giving free electric. Just my humble speculation.<BR/><BR/>I do try to be conservative about the numbers, that said this investment is in rough shape.Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153328076117463272006-07-19T09:54:00.000-07:002006-07-19T09:54:00.000-07:00You forgot to add in the cost for the electric. T...You forgot to add in the cost for the electric. <BR/><BR/>Thanks for showing all these examples.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153320043194733322006-07-19T07:40:00.000-07:002006-07-19T07:40:00.000-07:00Thanks for the information. Can you tell me where...Thanks for the information. Can you tell me where you found that?Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153318977836464692006-07-19T07:22:00.000-07:002006-07-19T07:22:00.000-07:00San Diego County tax rell shows $3790 for 2005/06 ...San Diego County tax rell shows $3790 for 2005/06 tax year, which translates to $315/month.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153294366768389652006-07-19T00:32:00.000-07:002006-07-19T00:32:00.000-07:00bobbyj0708,I actually try to be conservative with ...bobbyj0708,<BR/><BR/>I actually try to be conservative with the numbers, however the tax rate is very low. I'll work on a better estimate in the morning.<BR/><BR/>It's pretty clear that this unit is in rough shape from an investment point of view.Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1153293306319377362006-07-19T00:15:00.000-07:002006-07-19T00:15:00.000-07:00So why assume taxes at such a low rate? $200 per m...So why assume taxes at such a low rate? $200 per month doesn't come close.bobbyj0708https://www.blogger.com/profile/03121435492025777194noreply@blogger.com