2362 Torrey Pines Rd, La Jolla, CA 92037
By anonymous Fri, 31 Dec 2010, 12:00am 811 views 5 comments
In La Jolla CA 92037
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As per NYT rent vs. buy calculator I would break even after 3 years? what is wrong with this NYT calculator?
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The link to this calculator below
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
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That's not a particularly nice property. It's smack dab in the middle of one of the most busy arteries in San Diego, and becomes a logjam during the summer. I believe the HOA's for those condos are around 450 per month as I remember.
It is close to the beach though...
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drvan says
without knowing any figures or what you put in, i'm more inclined to ask, what are wrong with your figures? =)
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San Diego, CA
The NY Times calculator probably assigns a high % of annual appreciation by default. Try changing it to something realistic, like a rate of depreciation. But good luck, I've seen calculators out there that won't even accept the possibility of a negative appreciation rate.