[CA renter]

Mark,

Not sure if you’d be willing or able to pull it off, but might consider offering X number of months in advance.

With our current LL (since mid-2004), we paid 12 months in advance for the first year and 6 months in advance from that point forward.

Of course, you really need to trust the LL & I’d suggest having an atty come up with an agreement that YOU give the LL regarding escrow accts, LL credit reports, etc.

With a good FICO, advance rent payments & good references, you will have no problem negotiating whatever you want. Also, if you plan on renting for awhile, you could consider offering a two or three-year lease agreement. Talk to an atty & see what you can come up with.

Good luck!

[CA renter]

Good topic because we should be aware of who the new buyers are/will be.

Us: Married, three kids, one wage-earner + some investments for a total of $100K-$120K (depending on O/T and investment returns). We have enough for 20-40% down at current prices (depends on what/where we eventually decide to buy), but will not buy until exotic loans have been out for at least a year (or three).

Agree with those who say the lurkers/posters here are not the norm. This also goes to show that “rich” people are not inclined to throw money away on overpriced homes.

[CA renter]

Good topic because we should be aware of who the new buyers are/will be.

Us: Married, three kids, one wage-earner + some investments for a total of $100K-$120K (depending on O/T and investment returns). We have enough for 20-40% down at current prices (depends on what/where we eventually decide to buy), but will not buy until exotic loans have been out for at least a year (or three).

Agree with those who say the lurkers/posters here are not the norm. This also goes to show that “rich” people are not inclined to throw money away on overpriced homes.

[CA renter]

powayseller said…

“Think of car dealers (who buys cars in a recession), Home Depot, Lowe’s, carpet stores…anything that consumers buy will be punished next, and by mid-year start shorting manufacturers.”
—————–
Be careful on those and check out what’s going on in their respective industries (I know you will). GM & F (which I loosely follow) are down quite a bit already, though GM has rallied a bit over the past year or so. I actually got long (call options) F last week, and I’m a “doom and gloom” bear. Home Depot has already been hammered, although there might still be room to fall. Check out Best Buy, Circuit City, Harley Davidson, Gamestop, Sherwin-Williams, etc. for more possibilities.

Good luck!

[Author]

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