San Diego Housing Market News and Analysis
OT: The Piggington Weekly Report, Issue#4
User Forum Topic
Submitted by flu on March 18, 2012 - 7:11am
Yes, I know... I'm late with issue #4...In fact, I should be working on issue #5... But hey, free is free.. So you get what you paid for. I had considered outsourcing the weekly report to lesser writers..You know, kind of like what the San Diego Union Tribune does now, but you know what, for this audience, I want to preserve the quality, crassness, and downright in-your-face trademark of the Piggington Weekly.....
Ok, the real reason is I haven't outsourced this yet is because, I still haven't received any subscriptions from any of you, so please click on the Subscribe button...
This issue's theme is called "Wow, Let's Talk Off-Topic... about Real Estate... No really, We're Going to Talk about Real Estate Edition"
.....Because you know what, for some odd reason, folks actually wanted to start talking about Real Estate on this blog again... I don't know why.... I mean, we're in the middle of the GOP debates, Ron Paul is still the leading GOP candidate, according to Ron Paul polls. We've still haven't settled if Public Employees Unions are leeches or not, firemen are still dining like a king, the economy is still messed up, ok maybe not or maybe...And we haven't solved world peace yet... But I guess all these central and critical topics are just going to have to take backseat this issue so we can discuss some random, mudane off topic... Real estate... No really, seriously.....
1. The Weekly Inventory Report, Take 1...Take 2...Take 3... Hut hut hut. Hike....
Our Distinguished fearless Leader (DfL) sdrealtor has graciously restarted the all mightly Weekly Inventory Report that we have enjoyed many many many months (years) ago, which provides active,contingent pending status of real estate throughout san diego county...
The tracking report is here :
The purpose of this thread is only to post data, and not to comment about the data....
If you want to comment about data, here's the discussion thread
And hey, follow directions dudes and dudettes!
2. I Want My Investment Property....Too....
They say because of human nature, we humans move with the herd mentality....When someone doesn't want something nobody else wants something. When someone wants something, everybody else wants something... Kind of like dating...If some guy isn't available because he has an awesome girlfriend/wife, chances are he'll get hit on by other women...And if he is "available", chances are, he's going to be available for a long time. (Women on the other hand are always hit on by guys, regardless of their availability status)...
Well, the same could be said about investment property...This week, we have grass roots syndrome of renewed interest in rental property and investment property...
We have renewed interest from foreigners in buying dirt cheap properties now available in the U.S.
We have renewed interests from overseas investments in OC....
FLU chimed in his self-deprecating inflamatory viewpoints about how this is the end of the world as we know it once the asians overrun the U.S. (Hey, FLU, got picked on much by asians growing up???) Meanwhile, we are led down a brief discussion on whether Indians are considered asians or caucasians...
It seems like the sweet spot of investments appear to be $250k +- $50k, as would be investors are seeking properties around this price range...
Here's a request for Rancho Bernardo RE investments:
And yet, another avid piggington expressing interest in rental property:
And even FLU himself has jumped on the let's get rental property bandwagon....
What the hell?
3. ....Are You Sure You Really Want to Have Rental Property????? Are you Really Sure?
With all these renewed interests in being a landlord, our long time renowned piggington contributor, Paramount, chimes in the darker side of being a rental property owner.
In this discussion, Paramount discusses his personal experiences dealing with a property management company (PMC) and his rental experiences
We thank Paramount for openly discussing this things with other piggs. Because a lot of people normally don't like to share bad experiences with others. Paramount on the other hand has graciously shared his experiences with us so hopefully we can learn something from him!
4. Help, I need to get shxt fixed
Yup, this is usually the cry for help for home owner/borrower, after they move in and discover, oh my, I need to fix a bunch of stuff, and I have no idea what to do... Got a helping hand????
Hey, Maybe That Explains Why Piggington Folks are Nuts
Our esteemed walterwhite again explores the piggington psyche. Conclusion??? We're just all insane...And probably should be locked up in a mental ward....
5. Hey, Check Out My Ride
6. H.A.R... H.A.R... H.A.R..... Harvard...Harvard...Blah, Harvard...
Don't look now, but pretty soon it will be cheaper to send your kids to Harvard than a CA state school....if your kid can get in.....Thanks CA government for totally screwing our budgets....
But hey, we can all now aspire to be like Jeremy Lin!
7. Will it Sell?..
Today's feature property: 4s Ranch, SFH Home, Complete with Slab Crack
Our Leading Experts That Don't Live in the Area (LETDLITA)
We're trying to figure out if this home in 4s is appropriately priced at $425k.
Some think the crack is bad, others aren't sure... Maybe the crack will buff right out... Still others think we need to call an expert to evaluate how severe the crack is...I guess we'll just have to wait until our LETDLITA's to chime in...
8. Tried and Like Much in 2011..
Me? 2011....I could tell ya, but it wouldn't be appropriate on this at most R rated blog...
9. Investment Corner...
a. Your weekly lucky CA lotto number
b. Your weekly (un)lucky stock picks
Go short on Phillip Morris (P)
c. Hot deal of the week
1. Get yourself a discounted propane tank...Along with creative uses of one.
2. Free broken ceiling fans, from FLU....
Well that's it for Issue#4... Check back next time for Issue#5...On Weds 3/21..Maybe... Or Maybe Not....(Ok, I'll try)...But hopefully we can get back on topic again, and start talking about politics, public pensions, economy, wall street, etc again....
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|* Rich Toscano is a registered representative of and offers securities and investment advisory services through Girard Securities, Inc., a registered Broker/Dealer, Registered Investment Advisor, and member FINRA/SIPC. Pacific Capital Associates is not a subsidiary or affiliate of Girard Securities. The views and opinions expressed on this site are not those of Pacific Capital Associates or Girard Securities, Inc. The information on this site should not be construed as investment advice.|