Inventory continues to be the biggest factor in keeping prices high throughout San Diego county.If you are one of the many buyers on hold due to interest rates, a good alternative is asking the seller to credit you for a 3-2-1 or 2-1 rate buy down.

I would focus on screening your tenants for background, credit, and income to try to avoid an eviction and excessive damage to your property to minimize your turnover expenses and vacancy loss.  

The board is new voting on covering the additional 25% next year.

Hey Pratik, I'm personally not a fan of new construction because there is no value-add. It's

@Wendy Pattonyes, thank you for the additional information. 

Additionally, not everyone is borrowing from a commercial bank.

In addition, if a property owner decides to replace a carport or driveway with an ADU, they would not be required to replace that parking."

In addition to the other replies, if you are on septic I would not install one.  

Credit.

The Senior Loan Officer Survey this week cited “uncertain economic outlook” and “deterioration in the credit quality of loans and collateral.”