San Diego Housing Market News and Analysis
Coastal rents...will they ever go down?
User Forum Topic
Submitted by sdsurfer on July 14, 2016 - 2:34pm
I've been googling and searching online a bit for a source that shows rent appreciation historically based on region. Specifically, North county SD if possible.
Does anyone have one?
I know prices seem high and all, but I just believe in coastal real estate as a good investment option. My goals are always long term and based on rent going up over time in coastal areas because I know there are a lot of people that will pay extra to live by the beach and might never be able to afford to buy the same home. I always buy based on rents considering possible appreciation as the gravy that I like, but does not drive my decision-making process.
I'd appreciate the help with a source for the data, but please chime in with why you think rents will go down (and why with data is preferred) over the next 10+ years if you would like to share some insight.
I've just never been a stock guy and although I think real estate is expensive right now I'm thinking of looking for another investment in the Encinitas/Cardiff area. I'm currently in my pre-investment couple month period I always spend talking myself out of doing it. I usually fail at doing so and end up buying something. So far so good I guess, but I appreciate anything you might share.
Make it a great day!
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