NSR, quality/bonds makes sense to me; I translate it to mean occupany rate, etc.
DLJ, yep, expected growth rate in the valuation formula is a big difference maker. Yep, if two properties have different rent growth prospects, big difference in value, I agree.
Bugs, for our future personal residence purchase, I’d love to have two triggers: (1) one based on timing, that NODs are decreasing, employment and home sales are increasing, thus, prices will soon be rising; (2) one based on fundamental value, that the price-to-rent ratio is back in line with historical norms. Nothing more.
Folks have been very thoughtful and helpful. NSR’s comment that SFRs are uncommon rental properties, and that multiples, if appropriate, could vary widely given the variability in lot size, ocean view or not, attractiveness of the street/neighborhood, etc. is good food for thought for me.
Given the level of education in this country today it doesn’t take much to be ‘gifted’.
We are currently at 31 year lows in SAT scores.
California’s public schools are dropout factories – it really amuses me to read about people picking a certain neighborhood because of the ‘great’ public schools.
If you really care about education you have to send your kids to private schools and take an active role in their education.
If being able to afford private schools means renting instead of paying $800K-$2mil for a low-quality tract home in north county then so be it.
And besides the education factor, the biggest influence you can have on your children is to control their peer group. You do this by sending them to private schools so they aren’t rubbing shoulders with the kids in public schools who are just waiting to drop out.
dJ, both of my kids measured gifted on the IQ test for admission to the GATE (Gifted and Talented) program.
DM, I’m a member of Mensa. The Good Lord has blessed me with a good mind, and I’m thankful for it.
Some folks are taller, some are stronger, some are smarter, some have more energy, some are better looking. I make do with what was given me, and feel truly blessed.
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