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barnaby33ParticipantIt’s not like your South American counterparts who are trying to become independent. For many SoCal young people, there is often no reason to become independent if their (now tired) “boomer” parents have the “ultimate” accomodations. Why not spend that rent $$ on yourself?
Yet again, fail.
barnaby33ParticipantIt’s not like your South American counterparts who are trying to become independent. For many SoCal young people, there is often no reason to become independent if their (now tired) “boomer” parents have the “ultimate” accomodations. Why not spend that rent $$ on yourself?
Yet again, fail.
barnaby33ParticipantSo Bernanke finally got to you did he? Well that’s a shame.
There is no best option except to stay nimble. RE is not nimble and while yes rates will rise at some point. I think your fears of imminent rate rises are premature. Meanwhile your cash is being destroyed, but at a slower pace than being an “investor” in any real estate.
You’d have to leave SD to find anything that might make sense as a rental. People gotta live somewhere but that doesn’t mean they have to live where you own rentals!
Josh
barnaby33ParticipantSo Bernanke finally got to you did he? Well that’s a shame.
There is no best option except to stay nimble. RE is not nimble and while yes rates will rise at some point. I think your fears of imminent rate rises are premature. Meanwhile your cash is being destroyed, but at a slower pace than being an “investor” in any real estate.
You’d have to leave SD to find anything that might make sense as a rental. People gotta live somewhere but that doesn’t mean they have to live where you own rentals!
Josh
barnaby33ParticipantSo Bernanke finally got to you did he? Well that’s a shame.
There is no best option except to stay nimble. RE is not nimble and while yes rates will rise at some point. I think your fears of imminent rate rises are premature. Meanwhile your cash is being destroyed, but at a slower pace than being an “investor” in any real estate.
You’d have to leave SD to find anything that might make sense as a rental. People gotta live somewhere but that doesn’t mean they have to live where you own rentals!
Josh
barnaby33ParticipantSo Bernanke finally got to you did he? Well that’s a shame.
There is no best option except to stay nimble. RE is not nimble and while yes rates will rise at some point. I think your fears of imminent rate rises are premature. Meanwhile your cash is being destroyed, but at a slower pace than being an “investor” in any real estate.
You’d have to leave SD to find anything that might make sense as a rental. People gotta live somewhere but that doesn’t mean they have to live where you own rentals!
Josh
barnaby33ParticipantSo Bernanke finally got to you did he? Well that’s a shame.
There is no best option except to stay nimble. RE is not nimble and while yes rates will rise at some point. I think your fears of imminent rate rises are premature. Meanwhile your cash is being destroyed, but at a slower pace than being an “investor” in any real estate.
You’d have to leave SD to find anything that might make sense as a rental. People gotta live somewhere but that doesn’t mean they have to live where you own rentals!
Josh
barnaby33ParticipantI’m curious as to what prompted the OP to post this here?
Joshbarnaby33ParticipantI’m curious as to what prompted the OP to post this here?
Joshbarnaby33ParticipantI’m curious as to what prompted the OP to post this here?
Joshbarnaby33ParticipantI’m curious as to what prompted the OP to post this here?
Joshbarnaby33ParticipantI’m curious as to what prompted the OP to post this here?
Joshbarnaby33ParticipantIt probably still applies in terms of peoples ability to service the illusion of home ownership. It does not apply in that its corollary to predict foreclosures has proven to be somewhat problematic.
Way back when, we all just assumed to rule of law applied, banks would foreclose and prices would decline. Well, we were (those of use who so believed) wrong.
It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.
barnaby33ParticipantIt probably still applies in terms of peoples ability to service the illusion of home ownership. It does not apply in that its corollary to predict foreclosures has proven to be somewhat problematic.
Way back when, we all just assumed to rule of law applied, banks would foreclose and prices would decline. Well, we were (those of use who so believed) wrong.
It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.
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