{"id":1010,"date":"2007-02-08T11:04:34","date_gmt":"2007-02-08T18:04:34","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1010"},"modified":"2007-02-08T13:34:24","modified_gmt":"2007-02-08T20:34:24","slug":"helpless-in-san-diego-or-any-place-like-it-get-outa-dodge-now","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1010\/helpless-in-san-diego-or-any-place-like-it-get-outa-dodge-now\/","title":{"rendered":"Helpless In San Diego — Or Any Place Like It — Get Outa Dodge Now"},"content":{"rendered":"

This is somewhat of a ‘simulcast’ with my own blog, as I just published a longer piece on the same subject for the second day in a row. I think it’s important<\/em>.<\/p>\n

This is for those investors living in areas like San Diego<\/strong>.<\/p>\n

You know, median home price around half a million, and rents for the ‘average’ 2 bedroom rental $1,000-1,300 a month. I’d say if your median home price is over $400K your area probably qualifies.<\/p>\n

In San Diego a boring but safely located duplex sells for $480-700K, and a fourplex goes for $750K-1Mil. In the next 10 years those ranges will have climbed, probably significantly. If over the next decade San Diego appreciates at just 3.5% yearly, the top of the range for duplexes will have reached just under $1Mil! And there’s not been a decade in the last four with an average of only 3.5% appreciation in San Diego. Tell me seriously — who is going to consider that a good investment? Unless they flew in from San Francisco they’re going to think the owner is over medicating.<\/em><\/p>\n

So I see a paradox.<\/strong><\/p>\n

\"dodge<\/p>\n

Investors owning rental property in areas like San Diego will see them appreciate, only to find it very difficult locating that last fool who thinks it’s still a solid investment. They’ll get the growth they gambled on, but won’t be able to cash in. Impotent growth.<\/em> (The name of my new band.):)<\/p>\n

The solution? <\/strong><\/p>\n

Get outa Dodge now.<\/strong><\/p>\n

You’ll be happy to know there are a few regions in the country where you can buy property for way less, while also using low down payments. You’ll be back on the growth track, only now you’ll be in control of 2-4 times the property (in terms of value). This will turbo charge your capital growth rate magnificently.<\/p>\n

Make use of a tax deferred exchange (1031) to move your equity to one of these lower priced growth areas. Do it now. You’re losing money staying in San Diego or any place like it. And your capital’s future isn’t bright.<\/p>\n

Unless of course you think there will be a bull market for million dollar duplexes.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

This is somewhat of a ‘simulcast’ with my own blog, as I just published a longer piece on the same subject for the second day in a row. I think it’s important. This is for those investors living in areas like San Diego. You know, median home price around half a million, and rents for […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,5],"tags":[],"class_list":{"0":"post-1010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1432,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1432\/when-to-buy-now-later-never\/","url_meta":{"origin":1010,"position":0},"title":"When To Buy? Now — Later — Never?","author":"Jeff Brown","date":"May 15, 2007","format":false,"excerpt":"Last night Greg posted an Ask The Broker question -- In your market, is it better to buy in eight months or 14 months? Aside from the arbitrary and limiting waiting periods, it's an excellent and very timely question. It's also a question my bride and I are tossing around\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4557,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4557\/san-diego-housing-industry-outlook-for-2009\/","url_meta":{"origin":1010,"position":1},"title":"San Diego Housing Industry Outlook For 2009","author":"Brian Brady","date":"September 21, 2008","format":false,"excerpt":"I'm going to republish a little forecasting I did, about ten months ago, on Active Rain.\u00a0 I'll offer some comments in italics (discussing 2009) and welcome yours in the comments section: Lenn Harley caught something I said a year ago and found it to be prescient (her word); I wish\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":710,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/710\/the-sight-the-scent-the-touch-of-rich-luxurious-full-bodied-real-estate-commentary\/","url_meta":{"origin":1010,"position":2},"title":"The sight, the scent, the touch of rich, luxurious, full-bodied . . . real estate commentary . . .","author":"Greg Swann","date":"November 29, 2006","format":false,"excerpt":"Today, Jeff Brown is a thorn among roses. We're adding a new contributor, San Diego Realtor and super-blogger Kris Berg. With Cathleen Collins below the BawldGuy and Kris above, the median quantity of hair approaches the statistical mean. But rich, luxurious, full-bodied hair -- or none at all -- is\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5621,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5621\/can-california-cultivate-anything-better-than-the-seeds-of-its-own-destruction-urbanologist-joel-kotkin-tallies-the-states-ills\/","url_meta":{"origin":1010,"position":3},"title":"Can California cultivate anything better than the seeds of its own destruction? Urbanologist Joel Kotkin tallies the state’s ills","author":"Greg Swann","date":"November 16, 2008","format":false,"excerpt":"Joel Kotkin on the rise and fall of the Golden State:Twenty-five years ago, along with another young journalist, I coauthored a book called California, Inc. about our adopted home state. The book described \u201cCalifornia\u2019s rise to economic, political, and cultural ascendancy.\u201d As relative newcomers at the time, we saw California\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3230,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3230\/a-different-business-model-for-your-consideration\/","url_meta":{"origin":1010,"position":4},"title":"A Different Business Model For Your Consideration","author":"Jeff Brown","date":"June 17, 2008","format":false,"excerpt":"At Brown and Brown, we're undergoing moderate to extreme changes in our business model. Extreme at home, mild to moderate away from home. We're leveraging our Rainmaking ability through these changes. Below, I'll address what we're about to launch in our own backyard. At home we're eschewing the 3% listing\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2105,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2105\/san-diego-fires-i-wanna-hear-from-a-chargers-fan\/","url_meta":{"origin":1010,"position":5},"title":"San Diego Fire Update: I… Wanna Hear… From a Chargers Fan","author":"Brian Brady","date":"October 26, 2007","format":false,"excerpt":"Nick Canepa, of the San Diego Union Tribune, wrote that the game must go on this weekend and that it must be held at Qualcomm Stadium: San Diego deserves this football game. It needs it. The event may not house or clothe anybody or do much to dramatically change even\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1010"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}