Overcorrection? 1985 pricing?

[peterb]

I’ve made very good money in RE. My bearish sentiment is only when the numbers or the trend stinks. The trend is against you right now. But if the numbers are good enough, you can beat the trend. If you can cash flow enough positive each month…you’ve got a fairly good cushion for future problems. Being a landlord is a WORLD unto itself. You’ve got your analysis down, so I’d start learning the tricks to being a LL, if I were you. A guy named Mike Cantu is the best I’ve seen. You may want to Google him to see if you can learn from him.

Again, I’d really sus out the market to make sure you can keep the unit occupied with reliable tenants for the next 5 years. Few people are good at being LL’s and the end-game is usually to sell the place at big profit. Some want to own free and clear and have a cash cow for decades. But that’s a real long-term strategy you may not be willing to live through.

[paramount]

You might do OK with renters at that level: what many renters in my hood are doing is renting out a house using (1) room, and then sublet the rest of the house.

So in my POS ghetto hood we now have at least (3) dorm houses along our street.

So each person/family probably has to come up with $300-400/month (if that…) – I’m sure even welfare will cover that.

Temecula = the future Escondido.

[paramount]

You might do OK with renters at that level: what many renters in my hood are doing is renting out a house using (1) room, and then sublet the rest of the house.

So in my POS ghetto hood we now have at least (3) dorm houses along our street.

So each person/family probably has to come up with $300-400/month (if that…) – I’m sure even welfare will cover that.

Temecula = the future Escondido.

[paramount]

You might do OK with renters at that level: what many renters in my hood are doing is renting out a house using (1) room, and then sublet the rest of the house.

So in my POS ghetto hood we now have at least (3) dorm houses along our street.

So each person/family probably has to come up with $300-400/month (if that…) – I’m sure even welfare will cover that.

Temecula = the future Escondido.

[paramount]

You might do OK with renters at that level: what many renters in my hood are doing is renting out a house using (1) room, and then sublet the rest of the house.

So in my POS ghetto hood we now have at least (3) dorm houses along our street.

So each person/family probably has to come up with $300-400/month (if that…) – I’m sure even welfare will cover that.

Temecula = the future Escondido.

[paramount]

You might do OK with renters at that level: what many renters in my hood are doing is renting out a house using (1) room, and then sublet the rest of the house.

So in my POS ghetto hood we now have at least (3) dorm houses along our street.

So each person/family probably has to come up with $300-400/month (if that…) – I’m sure even welfare will cover that.

Temecula = the future Escondido.

[paramount]

A little on these so-called investors: Around 1930-1931 many were urged to buy or invest in houses at “historically” low prices, and many did.

By 1932/1933 many of those buyers were on the streets and in soup lines…

[paramount]

A little on these so-called investors: Around 1930-1931 many were urged to buy or invest in houses at “historically” low prices, and many did.

By 1932/1933 many of those buyers were on the streets and in soup lines…

[paramount]

A little on these so-called investors: Around 1930-1931 many were urged to buy or invest in houses at “historically” low prices, and many did.

By 1932/1933 many of those buyers were on the streets and in soup lines…

[paramount]

A little on these so-called investors: Around 1930-1931 many were urged to buy or invest in houses at “historically” low prices, and many did.

By 1932/1933 many of those buyers were on the streets and in soup lines…

[paramount]

A little on these so-called investors: Around 1930-1931 many were urged to buy or invest in houses at “historically” low prices, and many did.

By 1932/1933 many of those buyers were on the streets and in soup lines…

[TheBreeze]

Don’t know much about Temecula, but the decline in rents seems to be accelerating in my area. A month or so ago, two bedrooms seem to be about $150 or so cheaper than comparable places last year. Now it seems more like $300 cheaper.

It wouldn’t surprise me to see some of the apartment complexes get foreclosed upon.

[TheBreeze]

Don’t know much about Temecula, but the decline in rents seems to be accelerating in my area. A month or so ago, two bedrooms seem to be about $150 or so cheaper than comparable places last year. Now it seems more like $300 cheaper.

It wouldn’t surprise me to see some of the apartment complexes get foreclosed upon.

[TheBreeze]

Don’t know much about Temecula, but the decline in rents seems to be accelerating in my area. A month or so ago, two bedrooms seem to be about $150 or so cheaper than comparable places last year. Now it seems more like $300 cheaper.

It wouldn’t surprise me to see some of the apartment complexes get foreclosed upon.

[TheBreeze]

Don’t know much about Temecula, but the decline in rents seems to be accelerating in my area. A month or so ago, two bedrooms seem to be about $150 or so cheaper than comparable places last year. Now it seems more like $300 cheaper.

It wouldn’t surprise me to see some of the apartment complexes get foreclosed upon.

[Author]

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