Just sold my last CA property

[briansd1]

[quote=Rich Toscano][quote=briansd1]
EconProf’s post is however consistent with his political beliefs. That’s more that can be said for other posters who wag their fingers at government intervention, but when housing is concerned, government intervention works. So no worries, you can buy a house; everything will be fine.

I don’t believe that Prof Piggington (Rich Toscano) and EconProf are one and the same.[/quote]

I’m not sure how to parse this… are you suggesting that I approve of government intervention in the housing market? Because that would be a pretty wacky take on what I’ve actually written…

rich[/quote]

Rich, I think that you’re misunderstanding. I made no statement about your writing. Let me clarify.

I was talking about EconProf (who started this tread) being consistent with his own views on the future of CA. That’s why he sold his properties.

I was just pointing out to danielwis that EconProf and Rich Toscano are not one and the same (maybe I’m wrong?)

There are other posters (not you, Rich) on here who like to wag their fingers at government intervention in the economy because they claim that a mess will invariably result…. But when it come to housing, they like to say: beware of government intervention because it works.

[Rich Toscano]

Ha ha, no, I am not EconProf (despite the shared title… though in his case, I imagine it’s an actual title whereas in my case it was entirely made up ;-).

Sorry I misunderstood the post. Carry on.

Rich

[Rich Toscano]

Ha ha, no, I am not EconProf (despite the shared title… though in his case, I imagine it’s an actual title whereas in my case it was entirely made up ;-).

Sorry I misunderstood the post. Carry on.

Rich

[Rich Toscano]

Ha ha, no, I am not EconProf (despite the shared title… though in his case, I imagine it’s an actual title whereas in my case it was entirely made up ;-).

Sorry I misunderstood the post. Carry on.

Rich

[Rich Toscano]

Ha ha, no, I am not EconProf (despite the shared title… though in his case, I imagine it’s an actual title whereas in my case it was entirely made up ;-).

Sorry I misunderstood the post. Carry on.

Rich

[Rich Toscano]

Ha ha, no, I am not EconProf (despite the shared title… though in his case, I imagine it’s an actual title whereas in my case it was entirely made up ;-).

Sorry I misunderstood the post. Carry on.

Rich

[briansd1]

[quote=CONCHO] and in high-property-tax, high-energy-cost, and high-maintenance-cost Texas, that makes carrying costs prohibitive in many cases. Caveat emptor.[/quote]

I’ve visited Houston several times. I came to the conclusion that the money was in developing property but not buying cheap property to hold.

I have a friend who invested in Texas at the peak. At the time he was cash flow negative. He was trying to get people to invest with him. He also bought a place in LA the peak.

I haven’t heard from him lately.

[briansd1]

[quote=CONCHO] and in high-property-tax, high-energy-cost, and high-maintenance-cost Texas, that makes carrying costs prohibitive in many cases. Caveat emptor.[/quote]

I’ve visited Houston several times. I came to the conclusion that the money was in developing property but not buying cheap property to hold.

I have a friend who invested in Texas at the peak. At the time he was cash flow negative. He was trying to get people to invest with him. He also bought a place in LA the peak.

I haven’t heard from him lately.

[briansd1]

[quote=CONCHO] and in high-property-tax, high-energy-cost, and high-maintenance-cost Texas, that makes carrying costs prohibitive in many cases. Caveat emptor.[/quote]

I’ve visited Houston several times. I came to the conclusion that the money was in developing property but not buying cheap property to hold.

I have a friend who invested in Texas at the peak. At the time he was cash flow negative. He was trying to get people to invest with him. He also bought a place in LA the peak.

I haven’t heard from him lately.

[briansd1]

[quote=CONCHO] and in high-property-tax, high-energy-cost, and high-maintenance-cost Texas, that makes carrying costs prohibitive in many cases. Caveat emptor.[/quote]

I’ve visited Houston several times. I came to the conclusion that the money was in developing property but not buying cheap property to hold.

I have a friend who invested in Texas at the peak. At the time he was cash flow negative. He was trying to get people to invest with him. He also bought a place in LA the peak.

I haven’t heard from him lately.

[briansd1]

[quote=CONCHO] and in high-property-tax, high-energy-cost, and high-maintenance-cost Texas, that makes carrying costs prohibitive in many cases. Caveat emptor.[/quote]

I’ve visited Houston several times. I came to the conclusion that the money was in developing property but not buying cheap property to hold.

I have a friend who invested in Texas at the peak. At the time he was cash flow negative. He was trying to get people to invest with him. He also bought a place in LA the peak.

I haven’t heard from him lately.

[clearfund]

We own commercial and residential (foreclosures/lots) in AZ and CA. We chose AZ over NV for one simple reason: its economy is diversified across many different, mature industries. NV is nowhere near as diversified.

thus we believe that PHX has the industrial/corporate infrastructure in place at an attractive cost structure for employment that it will be more sustainable in when we see growth again.

[clearfund]

We own commercial and residential (foreclosures/lots) in AZ and CA. We chose AZ over NV for one simple reason: its economy is diversified across many different, mature industries. NV is nowhere near as diversified.

thus we believe that PHX has the industrial/corporate infrastructure in place at an attractive cost structure for employment that it will be more sustainable in when we see growth again.

[clearfund]

We own commercial and residential (foreclosures/lots) in AZ and CA. We chose AZ over NV for one simple reason: its economy is diversified across many different, mature industries. NV is nowhere near as diversified.

thus we believe that PHX has the industrial/corporate infrastructure in place at an attractive cost structure for employment that it will be more sustainable in when we see growth again.

[clearfund]

We own commercial and residential (foreclosures/lots) in AZ and CA. We chose AZ over NV for one simple reason: its economy is diversified across many different, mature industries. NV is nowhere near as diversified.

thus we believe that PHX has the industrial/corporate infrastructure in place at an attractive cost structure for employment that it will be more sustainable in when we see growth again.

[Author]

Posts