Temecula / Murrieta Condo as an investment

[blahblahblah]

I have a lot of theories, blah blah blah. Here’s another theory: it (economic depression) will end with riots in the streets of most large cities, and huge increases in crime, frightening increases particularly in cities like San Diego (proximity to Mexico, large poor illegal immigrant population). This has implications for housing prices.

It implies there IS a specialty sector of housing that will appreciate significantly more than most: homes buried deep inside the (presently) safest areas plus residing within WALLED zones that you can only enter at single gate manned with armed security guards.

You just described many developments in the Las Vegas area. Gated entry manned by armed guards is very common there. Unfortunately those homes have fallen in value just as much as everything else there has.

Speaking of Vegas, you can buy houses there for $20K! For real, go look.

As for the value of walled, gated compounds, unless they produce their own food, water, energy, and electricity they’re not going to do anyone a damn bit of good.

[Ren]

Condo rentals + community fortresses + zombies = BEST THREAD EVER 🙂

I think “peak oil” will not be quite so earth-shattering. More of a gentle hill than a cliff that we fall off. Whenever large numbers of giant corporations put huge amounts of money into developing a particular technology (in this case, batteries) the advances are exponential. In 20 years, real oil will be ridiculously expensive, but it also likely won’t matter much, because half of the cars on the road will be electric, and mass-production of synthetic oil will be big business. Google “singularity” to read an interesting theory of tech advancement. If an economic collapse doesn’t happen first (and I agree that it could), we are in for extraordinary change in the next 30 years, and oil will be the least of our worries. Think terrorism via nanobots and genetically engineered life forms. It is entirely plausible that the whole planet could be turned into jello by self-replicating microscopic robots. Then there’s immortality for the wealthy, except wealth will be defined a little differently because of the equality technology brings. What is wealth when a street urchin can build a rocket-powered motorhome out of solid diamond, molecule by molecule? With a cloaking device, of course.

On the original topic, there are those here who think condos are always a bad investment, but people who landlord for a living and make good money doing it (see biggerpockets.com) love them. I tend to agree with those people.

[Ren]

Condo rentals + community fortresses + zombies = BEST THREAD EVER 🙂

I think “peak oil” will not be quite so earth-shattering. More of a gentle hill than a cliff that we fall off. Whenever large numbers of giant corporations put huge amounts of money into developing a particular technology (in this case, batteries) the advances are exponential. In 20 years, real oil will be ridiculously expensive, but it also likely won’t matter much, because half of the cars on the road will be electric, and mass-production of synthetic oil will be big business. Google “singularity” to read an interesting theory of tech advancement. If an economic collapse doesn’t happen first (and I agree that it could), we are in for extraordinary change in the next 30 years, and oil will be the least of our worries. Think terrorism via nanobots and genetically engineered life forms. It is entirely plausible that the whole planet could be turned into jello by self-replicating microscopic robots. Then there’s immortality for the wealthy, except wealth will be defined a little differently because of the equality technology brings. What is wealth when a street urchin can build a rocket-powered motorhome out of solid diamond, molecule by molecule? With a cloaking device, of course.

On the original topic, there are those here who think condos are always a bad investment, but people who landlord for a living and make good money doing it (see biggerpockets.com) love them. I tend to agree with those people.

[Ren]

Condo rentals + community fortresses + zombies = BEST THREAD EVER 🙂

I think “peak oil” will not be quite so earth-shattering. More of a gentle hill than a cliff that we fall off. Whenever large numbers of giant corporations put huge amounts of money into developing a particular technology (in this case, batteries) the advances are exponential. In 20 years, real oil will be ridiculously expensive, but it also likely won’t matter much, because half of the cars on the road will be electric, and mass-production of synthetic oil will be big business. Google “singularity” to read an interesting theory of tech advancement. If an economic collapse doesn’t happen first (and I agree that it could), we are in for extraordinary change in the next 30 years, and oil will be the least of our worries. Think terrorism via nanobots and genetically engineered life forms. It is entirely plausible that the whole planet could be turned into jello by self-replicating microscopic robots. Then there’s immortality for the wealthy, except wealth will be defined a little differently because of the equality technology brings. What is wealth when a street urchin can build a rocket-powered motorhome out of solid diamond, molecule by molecule? With a cloaking device, of course.

On the original topic, there are those here who think condos are always a bad investment, but people who landlord for a living and make good money doing it (see biggerpockets.com) love them. I tend to agree with those people.

[Ren]

Condo rentals + community fortresses + zombies = BEST THREAD EVER 🙂

I think “peak oil” will not be quite so earth-shattering. More of a gentle hill than a cliff that we fall off. Whenever large numbers of giant corporations put huge amounts of money into developing a particular technology (in this case, batteries) the advances are exponential. In 20 years, real oil will be ridiculously expensive, but it also likely won’t matter much, because half of the cars on the road will be electric, and mass-production of synthetic oil will be big business. Google “singularity” to read an interesting theory of tech advancement. If an economic collapse doesn’t happen first (and I agree that it could), we are in for extraordinary change in the next 30 years, and oil will be the least of our worries. Think terrorism via nanobots and genetically engineered life forms. It is entirely plausible that the whole planet could be turned into jello by self-replicating microscopic robots. Then there’s immortality for the wealthy, except wealth will be defined a little differently because of the equality technology brings. What is wealth when a street urchin can build a rocket-powered motorhome out of solid diamond, molecule by molecule? With a cloaking device, of course.

On the original topic, there are those here who think condos are always a bad investment, but people who landlord for a living and make good money doing it (see biggerpockets.com) love them. I tend to agree with those people.

[Ren]

Condo rentals + community fortresses + zombies = BEST THREAD EVER 🙂

I think “peak oil” will not be quite so earth-shattering. More of a gentle hill than a cliff that we fall off. Whenever large numbers of giant corporations put huge amounts of money into developing a particular technology (in this case, batteries) the advances are exponential. In 20 years, real oil will be ridiculously expensive, but it also likely won’t matter much, because half of the cars on the road will be electric, and mass-production of synthetic oil will be big business. Google “singularity” to read an interesting theory of tech advancement. If an economic collapse doesn’t happen first (and I agree that it could), we are in for extraordinary change in the next 30 years, and oil will be the least of our worries. Think terrorism via nanobots and genetically engineered life forms. It is entirely plausible that the whole planet could be turned into jello by self-replicating microscopic robots. Then there’s immortality for the wealthy, except wealth will be defined a little differently because of the equality technology brings. What is wealth when a street urchin can build a rocket-powered motorhome out of solid diamond, molecule by molecule? With a cloaking device, of course.

On the original topic, there are those here who think condos are always a bad investment, but people who landlord for a living and make good money doing it (see biggerpockets.com) love them. I tend to agree with those people.

[Nor-LA-SD-guy]

Crazy Talk Ha!!
That was good FSD,

Lost Wages , yep I think now would be a good time to pick up a retirement property there if you were inclined to do so, most people I know who went there to live when they were young dearly regretted it (some who were just visiting did as well, best not to have a gambling addiction in that town).

[Nor-LA-SD-guy]

Crazy Talk Ha!!
That was good FSD,

Lost Wages , yep I think now would be a good time to pick up a retirement property there if you were inclined to do so, most people I know who went there to live when they were young dearly regretted it (some who were just visiting did as well, best not to have a gambling addiction in that town).

[Nor-LA-SD-guy]

Crazy Talk Ha!!
That was good FSD,

Lost Wages , yep I think now would be a good time to pick up a retirement property there if you were inclined to do so, most people I know who went there to live when they were young dearly regretted it (some who were just visiting did as well, best not to have a gambling addiction in that town).

[Nor-LA-SD-guy]

Crazy Talk Ha!!
That was good FSD,

Lost Wages , yep I think now would be a good time to pick up a retirement property there if you were inclined to do so, most people I know who went there to live when they were young dearly regretted it (some who were just visiting did as well, best not to have a gambling addiction in that town).

[Nor-LA-SD-guy]

Crazy Talk Ha!!
That was good FSD,

Lost Wages , yep I think now would be a good time to pick up a retirement property there if you were inclined to do so, most people I know who went there to live when they were young dearly regretted it (some who were just visiting did as well, best not to have a gambling addiction in that town).

[stockstradr]

We need to expel the current zombie US congress. Then erect a zombie-proof fence around both the upper and lower houses of the US Congress.

[stockstradr]

We need to expel the current zombie US congress. Then erect a zombie-proof fence around both the upper and lower houses of the US Congress.

[stockstradr]

We need to expel the current zombie US congress. Then erect a zombie-proof fence around both the upper and lower houses of the US Congress.

[stockstradr]

We need to expel the current zombie US congress. Then erect a zombie-proof fence around both the upper and lower houses of the US Congress.

[Author]

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