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Diego Mamani
Participant“Now the home is worth $300-$350k”
I think that’s still grossly overpriced. If the house would rent for about $2500/month, sales price should not be much higher than $250K.
I know, this is an OT remark, but couldn’t help myself. A new guy in my office (west San Fernando Valley) is about to pay close to $500K for a small house that wouldn’t fetch more than $2000/month in rent. He doesn’t want to lose his $8000 tax credit, I guess (duh!)
Participant“Now the home is worth $300-$350k”
I think that’s still grossly overpriced. If the house would rent for about $2500/month, sales price should not be much higher than $250K.
I know, this is an OT remark, but couldn’t help myself. A new guy in my office (west San Fernando Valley) is about to pay close to $500K for a small house that wouldn’t fetch more than $2000/month in rent. He doesn’t want to lose his $8000 tax credit, I guess (duh!)
Participant“Now the home is worth $300-$350k”
I think that’s still grossly overpriced. If the house would rent for about $2500/month, sales price should not be much higher than $250K.
I know, this is an OT remark, but couldn’t help myself. A new guy in my office (west San Fernando Valley) is about to pay close to $500K for a small house that wouldn’t fetch more than $2000/month in rent. He doesn’t want to lose his $8000 tax credit, I guess (duh!)
Participant“Now the home is worth $300-$350k”
I think that’s still grossly overpriced. If the house would rent for about $2500/month, sales price should not be much higher than $250K.
I know, this is an OT remark, but couldn’t help myself. A new guy in my office (west San Fernando Valley) is about to pay close to $500K for a small house that wouldn’t fetch more than $2000/month in rent. He doesn’t want to lose his $8000 tax credit, I guess (duh!)
ParticipantWe get spam here once in a while
“johnson
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3 hours 42 min ”ParticipantWe get spam here once in a while
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“johnson
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“johnson
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“johnson
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3 hours 42 min ”Participant35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.
Participant35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.
Participant35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.
Participant35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.
Participant35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.
Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.
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