2017 San Diego Rental Market Forecast Update for Investors
Have you been asking yourself what the real estate market forecast is for the future? Are you tired of watching the stock market go up and down every day due to news we can hardly control? The good investment news is this: rental and home appreciations are on the rise. The million dollar question is – why does this keep happening? We want to provide you with some answers.
Rental Market Forecast: San Diego’s Growth
The rental market forecast this year is very positive. San Diego is the best place to live in the U.S. I am not the only person who thinks this. Projections from SANDAG show that San Diego will grow 40 percent in the next 30 years. Everyone is going to need a place to live, and unfortunately there isn’t any more land to build on to accommodate all these people. That means your real estate just got more valuable.
Real Estate Fights Inflation
The new superhero is a property owner because real estate is the anti-inflation fighter. If you buy a house in the San Diego area for $400,000, you might earn $2,000 a month in rent on that property. Perhaps your mortgage and taxes are $1,500 per month, and you know that this number will stay about the same for the next 30 years. However, rents will increase from $2,000 to $2,500 to $4,000 per month. Your net income just grew from $500 to $2,000 per month without you doing anything. And, tenants are paying down your mortgage for you. You won’t get these results from any other type of investment. We encourage you not to wait – invest now. The 10 and 20 percent returns that other investors have been earning recently don’t have to pass you by.