[noone]

If they are asking you to present your own credit report, I’m guessing that this must not be a professional landlord, right? You should consider asking them for the same. There have been a lot of stories here and elsewhere of landlords who are upside-down in their mortgages, and end up being foreclosed upon with tenants in the property. Make sure that you are not moving into a place that you will end up being evicted from in a couple of months.

[noone]

If they are asking you to present your own credit report, I’m guessing that this must not be a professional landlord, right? You should consider asking them for the same. There have been a lot of stories here and elsewhere of landlords who are upside-down in their mortgages, and end up being foreclosed upon with tenants in the property. Make sure that you are not moving into a place that you will end up being evicted from in a couple of months.

[noone]

If they are asking you to present your own credit report, I’m guessing that this must not be a professional landlord, right? You should consider asking them for the same. There have been a lot of stories here and elsewhere of landlords who are upside-down in their mortgages, and end up being foreclosed upon with tenants in the property. Make sure that you are not moving into a place that you will end up being evicted from in a couple of months.

[noone]

Please realize that I’m not saying that salaries will increase to those levels. Nor even that I want them to. I’m merely saying (tongue-in-cheek like) that that would be one of the few ways to justify the current prices.

[noone]

Please realize that I’m not saying that salaries will increase to those levels. Nor even that I want them to. I’m merely saying (tongue-in-cheek like) that that would be one of the few ways to justify the current prices.

[noone]

Please realize that I’m not saying that salaries will increase to those levels. Nor even that I want them to. I’m merely saying (tongue-in-cheek like) that that would be one of the few ways to justify the current prices.

[noone]

“Are you seeing any effects from the current credit tightening?”

That seems to be the difference now. Though there has been a lot of talk about tightening credit, I don’t think it has really happened. With all the news this week though, I think it is finally starting. If folks can’t get the loans, they won’t be able to buy the homes. Only those who have large sums of cash will. And hopefully not too many of them are fools.

[noone]

“Are you seeing any effects from the current credit tightening?”

That seems to be the difference now. Though there has been a lot of talk about tightening credit, I don’t think it has really happened. With all the news this week though, I think it is finally starting. If folks can’t get the loans, they won’t be able to buy the homes. Only those who have large sums of cash will. And hopefully not too many of them are fools.

[noone]

“Are you seeing any effects from the current credit tightening?”

That seems to be the difference now. Though there has been a lot of talk about tightening credit, I don’t think it has really happened. With all the news this week though, I think it is finally starting. If folks can’t get the loans, they won’t be able to buy the homes. Only those who have large sums of cash will. And hopefully not too many of them are fools.

[noone]

Man, I go on vacation for a couple of weeks and the world goes crazy? Or should I say, the world finally gets it?

Thursday and Friday certainly look like the tipping point to me. Of course now its the weekend so we’ll have to wait ’til next week to see if the trend continues. Perhaps the BILLIONS in cash that the FED is pumping in will make a difference.

On that note, regardless of interest rates, won’t the infusion of cash simply lead to greater inflation? Of course as others have said here many times, inflation is one way to tame this beast. If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.

[noone]

Man, I go on vacation for a couple of weeks and the world goes crazy? Or should I say, the world finally gets it?

Thursday and Friday certainly look like the tipping point to me. Of course now its the weekend so we’ll have to wait ’til next week to see if the trend continues. Perhaps the BILLIONS in cash that the FED is pumping in will make a difference.

On that note, regardless of interest rates, won’t the infusion of cash simply lead to greater inflation? Of course as others have said here many times, inflation is one way to tame this beast. If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.

[noone]

Man, I go on vacation for a couple of weeks and the world goes crazy? Or should I say, the world finally gets it?

Thursday and Friday certainly look like the tipping point to me. Of course now its the weekend so we’ll have to wait ’til next week to see if the trend continues. Perhaps the BILLIONS in cash that the FED is pumping in will make a difference.

On that note, regardless of interest rates, won’t the infusion of cash simply lead to greater inflation? Of course as others have said here many times, inflation is one way to tame this beast. If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.

[noone]

Think of it as a symbiotic relationship. People want to live where they might be able to find work. Even if they have a job, they have to think about what will happen if they lose their current job. Companies want to be located where they have the largest pool of potential employees.

From time to time there are shifts in which locations are the most popular. It probably starts with a couple of small companies being in a certain place at a certain time. When the companies start to grow, people take notice. This attracts more people and more companies, which attracts more companies and more people, which attracts more people and …

Before the dot com boom, San Jose was not a very desirable place to live. Before Microsoft, Seattle was mostly Boeing and military.

And then of course you have the opposite in places like Michigan. Detroit was huge until the U.S. auto industry started to crumble.

San Diego used to be that little town where Angelinos spent their weekends (or drove through on their way to Baja). But over the past 10 years or so that has changed dramatically. Some changes are for the better and some are for the worse.

[noone]

Think of it as a symbiotic relationship. People want to live where they might be able to find work. Even if they have a job, they have to think about what will happen if they lose their current job. Companies want to be located where they have the largest pool of potential employees.

From time to time there are shifts in which locations are the most popular. It probably starts with a couple of small companies being in a certain place at a certain time. When the companies start to grow, people take notice. This attracts more people and more companies, which attracts more companies and more people, which attracts more people and …

Before the dot com boom, San Jose was not a very desirable place to live. Before Microsoft, Seattle was mostly Boeing and military.

And then of course you have the opposite in places like Michigan. Detroit was huge until the U.S. auto industry started to crumble.

San Diego used to be that little town where Angelinos spent their weekends (or drove through on their way to Baja). But over the past 10 years or so that has changed dramatically. Some changes are for the better and some are for the worse.

[noone]

Find out what that insurance covers. Probably not much. I had a co-worker who was in a townhouse and I remember that he had to have his own insurance on top of the HOA insurance. He had a small fire once, and though I don’t know all the details, I remember that some things were covered by the HOA insurance while others were not.

Maintenance probably includes yard work, and they probably paint the exteriors every several years. Most likely they do all homes at once, and all the same color.

All in all, these are great questions for the realtor.

[Author]

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