Open House – Rants & Raves

[(former)FormerSanDiegan]

SD R – But you don;t understand. This house is special. They used Color therapy used in coloring the rooms.

COLOR … THERAPY

That’s gotta be worth 100K.

[barnaby33]

“8xGRM”….you are kidding right? Hardly, there are plenty of places where you can buy things in a decent area for this, especially once house prices deflate to a more realistic level. It all depends on your view of history. If you see as I do that we have lived our entire lives in an inflationary bubble, then 8xGRM is an artifact from a bygone era. If you see deflation in our future, even that might be a bit expensive.

At this point houses are merely highly leveraged gambling devices. If inflation keeps up and you keep your job, you win. If deflation takes hold and you bought in the last 5 years, you’re screwed.

Either way overall housing returns to the same formulas time and again. Maybe Sd won’t return to those types of numbers, I could be totally wrong there, but I certainly don’t think its crazy.

Josh

[barnaby33]

“8xGRM”….you are kidding right? Hardly, there are plenty of places where you can buy things in a decent area for this, especially once house prices deflate to a more realistic level. It all depends on your view of history. If you see as I do that we have lived our entire lives in an inflationary bubble, then 8xGRM is an artifact from a bygone era. If you see deflation in our future, even that might be a bit expensive.

At this point houses are merely highly leveraged gambling devices. If inflation keeps up and you keep your job, you win. If deflation takes hold and you bought in the last 5 years, you’re screwed.

Either way overall housing returns to the same formulas time and again. Maybe Sd won’t return to those types of numbers, I could be totally wrong there, but I certainly don’t think its crazy.

Josh

[barnaby33]

“8xGRM”….you are kidding right? Hardly, there are plenty of places where you can buy things in a decent area for this, especially once house prices deflate to a more realistic level. It all depends on your view of history. If you see as I do that we have lived our entire lives in an inflationary bubble, then 8xGRM is an artifact from a bygone era. If you see deflation in our future, even that might be a bit expensive.

At this point houses are merely highly leveraged gambling devices. If inflation keeps up and you keep your job, you win. If deflation takes hold and you bought in the last 5 years, you’re screwed.

Either way overall housing returns to the same formulas time and again. Maybe Sd won’t return to those types of numbers, I could be totally wrong there, but I certainly don’t think its crazy.

Josh

[barnaby33]

“8xGRM”….you are kidding right? Hardly, there are plenty of places where you can buy things in a decent area for this, especially once house prices deflate to a more realistic level. It all depends on your view of history. If you see as I do that we have lived our entire lives in an inflationary bubble, then 8xGRM is an artifact from a bygone era. If you see deflation in our future, even that might be a bit expensive.

At this point houses are merely highly leveraged gambling devices. If inflation keeps up and you keep your job, you win. If deflation takes hold and you bought in the last 5 years, you’re screwed.

Either way overall housing returns to the same formulas time and again. Maybe Sd won’t return to those types of numbers, I could be totally wrong there, but I certainly don’t think its crazy.

Josh

[barnaby33]

“8xGRM”….you are kidding right? Hardly, there are plenty of places where you can buy things in a decent area for this, especially once house prices deflate to a more realistic level. It all depends on your view of history. If you see as I do that we have lived our entire lives in an inflationary bubble, then 8xGRM is an artifact from a bygone era. If you see deflation in our future, even that might be a bit expensive.

At this point houses are merely highly leveraged gambling devices. If inflation keeps up and you keep your job, you win. If deflation takes hold and you bought in the last 5 years, you’re screwed.

Either way overall housing returns to the same formulas time and again. Maybe Sd won’t return to those types of numbers, I could be totally wrong there, but I certainly don’t think its crazy.

Josh

[surveyor]

8xGRM

The 4 unit I am purchasing now in Huntsville Alabama is running at a 6.4xGRM…

http://piggington.com/re_sale_in_huntsville_al

The property is not in a La Jolla class neighborhood for sure, but it is a decent area with lots of tenants across from a military base. The purchase price is $115k and annual rents total $18000 (the post shows $117k sales price, but he is paying closing costs so it’s now down to $115k).

If I had more money, I’d buy ten of these… As such, I will be content to buy two more…

[surveyor]

8xGRM

The 4 unit I am purchasing now in Huntsville Alabama is running at a 6.4xGRM…

http://piggington.com/re_sale_in_huntsville_al

The property is not in a La Jolla class neighborhood for sure, but it is a decent area with lots of tenants across from a military base. The purchase price is $115k and annual rents total $18000 (the post shows $117k sales price, but he is paying closing costs so it’s now down to $115k).

If I had more money, I’d buy ten of these… As such, I will be content to buy two more…

[surveyor]

8xGRM

The 4 unit I am purchasing now in Huntsville Alabama is running at a 6.4xGRM…

http://piggington.com/re_sale_in_huntsville_al

The property is not in a La Jolla class neighborhood for sure, but it is a decent area with lots of tenants across from a military base. The purchase price is $115k and annual rents total $18000 (the post shows $117k sales price, but he is paying closing costs so it’s now down to $115k).

If I had more money, I’d buy ten of these… As such, I will be content to buy two more…

[surveyor]

8xGRM

The 4 unit I am purchasing now in Huntsville Alabama is running at a 6.4xGRM…

http://piggington.com/re_sale_in_huntsville_al

The property is not in a La Jolla class neighborhood for sure, but it is a decent area with lots of tenants across from a military base. The purchase price is $115k and annual rents total $18000 (the post shows $117k sales price, but he is paying closing costs so it’s now down to $115k).

If I had more money, I’d buy ten of these… As such, I will be content to buy two more…

[surveyor]

8xGRM

The 4 unit I am purchasing now in Huntsville Alabama is running at a 6.4xGRM…

http://piggington.com/re_sale_in_huntsville_al

The property is not in a La Jolla class neighborhood for sure, but it is a decent area with lots of tenants across from a military base. The purchase price is $115k and annual rents total $18000 (the post shows $117k sales price, but he is paying closing costs so it’s now down to $115k).

If I had more money, I’d buy ten of these… As such, I will be content to buy two more…

[HereWeGo]

surveyor –
Why was the seller willing to part with the property? Is he retiring or somesuch? Also, is the seller a Huntsville resident?

[HereWeGo]

surveyor –
Why was the seller willing to part with the property? Is he retiring or somesuch? Also, is the seller a Huntsville resident?

[HereWeGo]

surveyor –
Why was the seller willing to part with the property? Is he retiring or somesuch? Also, is the seller a Huntsville resident?

[HereWeGo]

surveyor –
Why was the seller willing to part with the property? Is he retiring or somesuch? Also, is the seller a Huntsville resident?

[Author]

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