You’d have to be an idiot to buy a house

[UCGal]

[quote=nostradamus]Property taxes going up.

link[/quote]

I read that article. It pretty much says that property taxes are going up the same amount they’ve gone up most of the last 20 years. The only people who might be exempt from the increase, that happens every year, are those that are getting re-assessed because they bought at the peak. Because of Prop 13 – your taxes are based on your purchase price, not the current value. And go up, about 2%, each year.

This year is not an exception. Why would it be?

[SD Realtor]

dan yeah I do have no problem with vacancy. Sounds like you guys have a much larger operation. I am down to two rental properties, one a condo in crown point and the second is an sfh in Talmadge. The vacancy rate for each of them is astonishingly low and I have been blessed with great tenants over the past few years. Yes I do manage them and maintain them myself which does cut down on the cost.

I think that the numbers you quoted do vary greatly with the quality of the rental, the submarket where it is, the tenants, etc… I think that there are alot of external factors to bear in mind when figuring out the spreadsheet of whether you are going to cash flow.

For me personally it is alot lower but for others it may well be alot higher given the situation/location/quality of tenant/quality of home that they have.

Thanks for citing the source.

[SD Realtor]

dan yeah I do have no problem with vacancy. Sounds like you guys have a much larger operation. I am down to two rental properties, one a condo in crown point and the second is an sfh in Talmadge. The vacancy rate for each of them is astonishingly low and I have been blessed with great tenants over the past few years. Yes I do manage them and maintain them myself which does cut down on the cost.

I think that the numbers you quoted do vary greatly with the quality of the rental, the submarket where it is, the tenants, etc… I think that there are alot of external factors to bear in mind when figuring out the spreadsheet of whether you are going to cash flow.

For me personally it is alot lower but for others it may well be alot higher given the situation/location/quality of tenant/quality of home that they have.

Thanks for citing the source.

[SD Realtor]

dan yeah I do have no problem with vacancy. Sounds like you guys have a much larger operation. I am down to two rental properties, one a condo in crown point and the second is an sfh in Talmadge. The vacancy rate for each of them is astonishingly low and I have been blessed with great tenants over the past few years. Yes I do manage them and maintain them myself which does cut down on the cost.

I think that the numbers you quoted do vary greatly with the quality of the rental, the submarket where it is, the tenants, etc… I think that there are alot of external factors to bear in mind when figuring out the spreadsheet of whether you are going to cash flow.

For me personally it is alot lower but for others it may well be alot higher given the situation/location/quality of tenant/quality of home that they have.

Thanks for citing the source.

[SD Realtor]

dan yeah I do have no problem with vacancy. Sounds like you guys have a much larger operation. I am down to two rental properties, one a condo in crown point and the second is an sfh in Talmadge. The vacancy rate for each of them is astonishingly low and I have been blessed with great tenants over the past few years. Yes I do manage them and maintain them myself which does cut down on the cost.

I think that the numbers you quoted do vary greatly with the quality of the rental, the submarket where it is, the tenants, etc… I think that there are alot of external factors to bear in mind when figuring out the spreadsheet of whether you are going to cash flow.

For me personally it is alot lower but for others it may well be alot higher given the situation/location/quality of tenant/quality of home that they have.

Thanks for citing the source.

[SD Realtor]

dan yeah I do have no problem with vacancy. Sounds like you guys have a much larger operation. I am down to two rental properties, one a condo in crown point and the second is an sfh in Talmadge. The vacancy rate for each of them is astonishingly low and I have been blessed with great tenants over the past few years. Yes I do manage them and maintain them myself which does cut down on the cost.

I think that the numbers you quoted do vary greatly with the quality of the rental, the submarket where it is, the tenants, etc… I think that there are alot of external factors to bear in mind when figuring out the spreadsheet of whether you are going to cash flow.

For me personally it is alot lower but for others it may well be alot higher given the situation/location/quality of tenant/quality of home that they have.

Thanks for citing the source.

[NotCranky]

This is a great thread. I am glad we still have some real, serious, and smart bears here.

[NotCranky]

This is a great thread. I am glad we still have some real, serious, and smart bears here.

[NotCranky]

This is a great thread. I am glad we still have some real, serious, and smart bears here.

[NotCranky]

This is a great thread. I am glad we still have some real, serious, and smart bears here.

[NotCranky]

This is a great thread. I am glad we still have some real, serious, and smart bears here.

[Nor-LA-SD-guy]

The Odd thing is , when people were buying homes in TV at 500-600K is when people should have been scared , Now when transactions are going through that make a lot of financial sense it seems most people are being scared off ,

Go figure.

I would say the above applies to the economy at large as well.

[Nor-LA-SD-guy]

The Odd thing is , when people were buying homes in TV at 500-600K is when people should have been scared , Now when transactions are going through that make a lot of financial sense it seems most people are being scared off ,

Go figure.

I would say the above applies to the economy at large as well.

[Nor-LA-SD-guy]

The Odd thing is , when people were buying homes in TV at 500-600K is when people should have been scared , Now when transactions are going through that make a lot of financial sense it seems most people are being scared off ,

Go figure.

I would say the above applies to the economy at large as well.

[Nor-LA-SD-guy]

The Odd thing is , when people were buying homes in TV at 500-600K is when people should have been scared , Now when transactions are going through that make a lot of financial sense it seems most people are being scared off ,

Go figure.

I would say the above applies to the economy at large as well.

[Author]

Posts