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ctr70
Participant“I also must have lift-serviced skiing within a couple of hours of my home, so Florida is out for me”
If you are talking about Big Bear, I wouldn’t even call that skiing. I would rather not ski at all than go to Big Bear.
You have a crushing 7 hour drive to get to Mammoth to get any real skiiing living in SD. With all the money you would save on housing in FL, you could just fly to REAL skiiing in Utah or CO 3-4 times a year! A flight from FL to Salt Lake is faster than driving to Mammoth.
ParticipantI think if you just take late Nov until April, Florida has better weather in those months than SD. SD has moderate winters with a decent amount of rain, it is not a warm weather climate in winters. South Florida has tropical winters where you can go to the beach and swim in the water and not freeze.
Also, San Diego has extremely cold ocean water. I live here and I never go in the water b/c it’s fridgid…yes even in summer. Unless you are a wet suit surfer, Floridas beaches are much more usable for swimming and snorkeling for the average beach goer. It’s very frustrating living in a place like SD where you can look at the ocean, but you can’t really touch it, lounge around in it and feel it on your skin (unless you are part polar bear). The sand quality is also much better in FL. When I lived in HI I swam a few times a week, in 5 years I’ve been in the ocean only twice in SD.
I do like the hills and hiking of SD though…far superior in that catagory.
Florida house prices are WAY cheaper! You can get newer house for $60k that a comparable property would be $400k in Eastlake. That is a HUGE difference. Right now you could buy a really nice house all cash in Florida and just have taxes and insurance as a payment. There are 3,000 sf newer homes going for $90k right now in Orlando.
But yes I could NOT do FL summers! And FL generally has a “lower mentaility” culture. But if you could do 6 mos in FL winters and 6 mos summer/fall in say Vermont, Maine, Montana or Colorado mountains…that may beat 12 mos in SD. Just need a job you can do from your laptop.
ParticipantI think if you just take late Nov until April, Florida has better weather in those months than SD. SD has moderate winters with a decent amount of rain, it is not a warm weather climate in winters. South Florida has tropical winters where you can go to the beach and swim in the water and not freeze.
Also, San Diego has extremely cold ocean water. I live here and I never go in the water b/c it’s fridgid…yes even in summer. Unless you are a wet suit surfer, Floridas beaches are much more usable for swimming and snorkeling for the average beach goer. It’s very frustrating living in a place like SD where you can look at the ocean, but you can’t really touch it, lounge around in it and feel it on your skin (unless you are part polar bear). The sand quality is also much better in FL. When I lived in HI I swam a few times a week, in 5 years I’ve been in the ocean only twice in SD.
I do like the hills and hiking of SD though…far superior in that catagory.
Florida house prices are WAY cheaper! You can get newer house for $60k that a comparable property would be $400k in Eastlake. That is a HUGE difference. Right now you could buy a really nice house all cash in Florida and just have taxes and insurance as a payment. There are 3,000 sf newer homes going for $90k right now in Orlando.
But yes I could NOT do FL summers! And FL generally has a “lower mentaility” culture. But if you could do 6 mos in FL winters and 6 mos summer/fall in say Vermont, Maine, Montana or Colorado mountains…that may beat 12 mos in SD. Just need a job you can do from your laptop.
ParticipantI think if you just take late Nov until April, Florida has better weather in those months than SD. SD has moderate winters with a decent amount of rain, it is not a warm weather climate in winters. South Florida has tropical winters where you can go to the beach and swim in the water and not freeze.
Also, San Diego has extremely cold ocean water. I live here and I never go in the water b/c it’s fridgid…yes even in summer. Unless you are a wet suit surfer, Floridas beaches are much more usable for swimming and snorkeling for the average beach goer. It’s very frustrating living in a place like SD where you can look at the ocean, but you can’t really touch it, lounge around in it and feel it on your skin (unless you are part polar bear). The sand quality is also much better in FL. When I lived in HI I swam a few times a week, in 5 years I’ve been in the ocean only twice in SD.
I do like the hills and hiking of SD though…far superior in that catagory.
Florida house prices are WAY cheaper! You can get newer house for $60k that a comparable property would be $400k in Eastlake. That is a HUGE difference. Right now you could buy a really nice house all cash in Florida and just have taxes and insurance as a payment. There are 3,000 sf newer homes going for $90k right now in Orlando.
But yes I could NOT do FL summers! And FL generally has a “lower mentaility” culture. But if you could do 6 mos in FL winters and 6 mos summer/fall in say Vermont, Maine, Montana or Colorado mountains…that may beat 12 mos in SD. Just need a job you can do from your laptop.
ParticipantI think if you just take late Nov until April, Florida has better weather in those months than SD. SD has moderate winters with a decent amount of rain, it is not a warm weather climate in winters. South Florida has tropical winters where you can go to the beach and swim in the water and not freeze.
Also, San Diego has extremely cold ocean water. I live here and I never go in the water b/c it’s fridgid…yes even in summer. Unless you are a wet suit surfer, Floridas beaches are much more usable for swimming and snorkeling for the average beach goer. It’s very frustrating living in a place like SD where you can look at the ocean, but you can’t really touch it, lounge around in it and feel it on your skin (unless you are part polar bear). The sand quality is also much better in FL. When I lived in HI I swam a few times a week, in 5 years I’ve been in the ocean only twice in SD.
I do like the hills and hiking of SD though…far superior in that catagory.
Florida house prices are WAY cheaper! You can get newer house for $60k that a comparable property would be $400k in Eastlake. That is a HUGE difference. Right now you could buy a really nice house all cash in Florida and just have taxes and insurance as a payment. There are 3,000 sf newer homes going for $90k right now in Orlando.
But yes I could NOT do FL summers! And FL generally has a “lower mentaility” culture. But if you could do 6 mos in FL winters and 6 mos summer/fall in say Vermont, Maine, Montana or Colorado mountains…that may beat 12 mos in SD. Just need a job you can do from your laptop.
ParticipantI think if you just take late Nov until April, Florida has better weather in those months than SD. SD has moderate winters with a decent amount of rain, it is not a warm weather climate in winters. South Florida has tropical winters where you can go to the beach and swim in the water and not freeze.
Also, San Diego has extremely cold ocean water. I live here and I never go in the water b/c it’s fridgid…yes even in summer. Unless you are a wet suit surfer, Floridas beaches are much more usable for swimming and snorkeling for the average beach goer. It’s very frustrating living in a place like SD where you can look at the ocean, but you can’t really touch it, lounge around in it and feel it on your skin (unless you are part polar bear). The sand quality is also much better in FL. When I lived in HI I swam a few times a week, in 5 years I’ve been in the ocean only twice in SD.
I do like the hills and hiking of SD though…far superior in that catagory.
Florida house prices are WAY cheaper! You can get newer house for $60k that a comparable property would be $400k in Eastlake. That is a HUGE difference. Right now you could buy a really nice house all cash in Florida and just have taxes and insurance as a payment. There are 3,000 sf newer homes going for $90k right now in Orlando.
But yes I could NOT do FL summers! And FL generally has a “lower mentaility” culture. But if you could do 6 mos in FL winters and 6 mos summer/fall in say Vermont, Maine, Montana or Colorado mountains…that may beat 12 mos in SD. Just need a job you can do from your laptop.
ParticipantOut of state rentals can be a challenge. I have one and it has gone OK b/c I really researched the neighborhood I bought in before I bought and made sure it would attract good tenants. I manage the property myself, but only b/c I was luck to find some really trustworthy handyman to call when stuff breaks. If you have to use a property manager, it can be a major hit to your cash flow.
If you are in San Diego I would look in Phoenix, Riverside County or Central Valley CA before going to a place like Kansas City or anywhere in the Midwest. Arizona and CA have taken a huge hit in price so they numbers on rentals are the best they have been in a decade. You have a much better shot at future equity growth in these areas than the Midwest. You could also look in the more working class neighborhoods of SD, but you would probably need a condo to break-even on cash flow.
The keys I’ve found with rental properties are:
1. Try to find something with a 1% rent to price ratio. Meaning if you buy something for $100k, you want to get $1,000 in rent
2. It MUST be in a neighborhood that attracts quality long term tenants. It will be a nightmare if you have constant turnover and/or sits vacant. You lose a lot of money when properties turn over tenants (vacancies, new paint, new carpet, etc..)
3. Try to find a newer built property or one that has been updated. Then you will have far less things to repair and replace. Houses have a ton of things that need to be fixed (AC units, furnances, roofs, appliances, landscaping, water heaters, garage door openers, flooring, etc…). If you have to replace a lot of these items the repair costs can eat up your cash flow.
ParticipantOut of state rentals can be a challenge. I have one and it has gone OK b/c I really researched the neighborhood I bought in before I bought and made sure it would attract good tenants. I manage the property myself, but only b/c I was luck to find some really trustworthy handyman to call when stuff breaks. If you have to use a property manager, it can be a major hit to your cash flow.
If you are in San Diego I would look in Phoenix, Riverside County or Central Valley CA before going to a place like Kansas City or anywhere in the Midwest. Arizona and CA have taken a huge hit in price so they numbers on rentals are the best they have been in a decade. You have a much better shot at future equity growth in these areas than the Midwest. You could also look in the more working class neighborhoods of SD, but you would probably need a condo to break-even on cash flow.
The keys I’ve found with rental properties are:
1. Try to find something with a 1% rent to price ratio. Meaning if you buy something for $100k, you want to get $1,000 in rent
2. It MUST be in a neighborhood that attracts quality long term tenants. It will be a nightmare if you have constant turnover and/or sits vacant. You lose a lot of money when properties turn over tenants (vacancies, new paint, new carpet, etc..)
3. Try to find a newer built property or one that has been updated. Then you will have far less things to repair and replace. Houses have a ton of things that need to be fixed (AC units, furnances, roofs, appliances, landscaping, water heaters, garage door openers, flooring, etc…). If you have to replace a lot of these items the repair costs can eat up your cash flow.
ParticipantOut of state rentals can be a challenge. I have one and it has gone OK b/c I really researched the neighborhood I bought in before I bought and made sure it would attract good tenants. I manage the property myself, but only b/c I was luck to find some really trustworthy handyman to call when stuff breaks. If you have to use a property manager, it can be a major hit to your cash flow.
If you are in San Diego I would look in Phoenix, Riverside County or Central Valley CA before going to a place like Kansas City or anywhere in the Midwest. Arizona and CA have taken a huge hit in price so they numbers on rentals are the best they have been in a decade. You have a much better shot at future equity growth in these areas than the Midwest. You could also look in the more working class neighborhoods of SD, but you would probably need a condo to break-even on cash flow.
The keys I’ve found with rental properties are:
1. Try to find something with a 1% rent to price ratio. Meaning if you buy something for $100k, you want to get $1,000 in rent
2. It MUST be in a neighborhood that attracts quality long term tenants. It will be a nightmare if you have constant turnover and/or sits vacant. You lose a lot of money when properties turn over tenants (vacancies, new paint, new carpet, etc..)
3. Try to find a newer built property or one that has been updated. Then you will have far less things to repair and replace. Houses have a ton of things that need to be fixed (AC units, furnances, roofs, appliances, landscaping, water heaters, garage door openers, flooring, etc…). If you have to replace a lot of these items the repair costs can eat up your cash flow.
ParticipantOut of state rentals can be a challenge. I have one and it has gone OK b/c I really researched the neighborhood I bought in before I bought and made sure it would attract good tenants. I manage the property myself, but only b/c I was luck to find some really trustworthy handyman to call when stuff breaks. If you have to use a property manager, it can be a major hit to your cash flow.
If you are in San Diego I would look in Phoenix, Riverside County or Central Valley CA before going to a place like Kansas City or anywhere in the Midwest. Arizona and CA have taken a huge hit in price so they numbers on rentals are the best they have been in a decade. You have a much better shot at future equity growth in these areas than the Midwest. You could also look in the more working class neighborhoods of SD, but you would probably need a condo to break-even on cash flow.
The keys I’ve found with rental properties are:
1. Try to find something with a 1% rent to price ratio. Meaning if you buy something for $100k, you want to get $1,000 in rent
2. It MUST be in a neighborhood that attracts quality long term tenants. It will be a nightmare if you have constant turnover and/or sits vacant. You lose a lot of money when properties turn over tenants (vacancies, new paint, new carpet, etc..)
3. Try to find a newer built property or one that has been updated. Then you will have far less things to repair and replace. Houses have a ton of things that need to be fixed (AC units, furnances, roofs, appliances, landscaping, water heaters, garage door openers, flooring, etc…). If you have to replace a lot of these items the repair costs can eat up your cash flow.
ParticipantOut of state rentals can be a challenge. I have one and it has gone OK b/c I really researched the neighborhood I bought in before I bought and made sure it would attract good tenants. I manage the property myself, but only b/c I was luck to find some really trustworthy handyman to call when stuff breaks. If you have to use a property manager, it can be a major hit to your cash flow.
If you are in San Diego I would look in Phoenix, Riverside County or Central Valley CA before going to a place like Kansas City or anywhere in the Midwest. Arizona and CA have taken a huge hit in price so they numbers on rentals are the best they have been in a decade. You have a much better shot at future equity growth in these areas than the Midwest. You could also look in the more working class neighborhoods of SD, but you would probably need a condo to break-even on cash flow.
The keys I’ve found with rental properties are:
1. Try to find something with a 1% rent to price ratio. Meaning if you buy something for $100k, you want to get $1,000 in rent
2. It MUST be in a neighborhood that attracts quality long term tenants. It will be a nightmare if you have constant turnover and/or sits vacant. You lose a lot of money when properties turn over tenants (vacancies, new paint, new carpet, etc..)
3. Try to find a newer built property or one that has been updated. Then you will have far less things to repair and replace. Houses have a ton of things that need to be fixed (AC units, furnances, roofs, appliances, landscaping, water heaters, garage door openers, flooring, etc…). If you have to replace a lot of these items the repair costs can eat up your cash flow.
ParticipantI thought a very important point about Prechter was the advice taken from his newletters since 1980 when converted to a portflio has *slightly underperformed the overall stock market*. Courtesy of Hulbert Financial Digest.
Important to use the Hulbert Financial Digest and check the performance records of the doomsayers and so called “market timers”.
ParticipantI thought a very important point about Prechter was the advice taken from his newletters since 1980 when converted to a portflio has *slightly underperformed the overall stock market*. Courtesy of Hulbert Financial Digest.
Important to use the Hulbert Financial Digest and check the performance records of the doomsayers and so called “market timers”.
ParticipantI thought a very important point about Prechter was the advice taken from his newletters since 1980 when converted to a portflio has *slightly underperformed the overall stock market*. Courtesy of Hulbert Financial Digest.
Important to use the Hulbert Financial Digest and check the performance records of the doomsayers and so called “market timers”.
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