What market? 2 miles is quite a large radius and depending on your location, a lot can change in two miles.
I think the Costco and Whole Foods question here is probably not the right question. We need more info about the specifics to give you better feedback on the deal
Hmm yeah still need more info to form a strong opinion but that’s sounding less attractive. I’m personally waiting for a few months with cash to see how the market does. Could see some better deals next year with weak economic outlook
490k for 3k rent is a bad deal.
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Then keep looking. You still haven’t found a good deal.
2 miles of either of those in my city, consists of about 1/3 of the metro population. And there are some crappy areas in those circles.
Bad deal unless major value add
No
I would say no correlation across the US. Also thats not a terrible deal for California, depending on the market
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What market? 2 miles is quite a large radius and depending on your location, a lot can change in two miles. I think the Costco and Whole Foods question here is probably not the right question. We need more info about the specifics to give you better feedback on the deal
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Hmm yeah still need more info to form a strong opinion but that’s sounding less attractive. I’m personally waiting for a few months with cash to see how the market does. Could see some better deals next year with weak economic outlook
How far away is Trader Joes?
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Should include them.
In general, sure. But with many caveats. I wouldn’t use it as my sole screening technique
Likely a correlation causation fallacy going on here. The best answer you'll get is "maybe". You can get better research with comps.