[Ozzie]

The fast track immigration was for all of Canada and they still do it for foreigners with some wealth:

http://www.canreach.com/permanent_investor.asp

Canada had faced a similar national downturn before they enacted the program and supposedly it propped up prices in about a year. I heard this from Dennis Gartman who is an investment analyst and appears on CNBC pretty regularly. I like the idea of the government taking $500k from the foreigner and returning it in 5 years interest free. Reminds me of a hedge fund I invested in.

[Ozzie]

The fast track immigration was for all of Canada and they still do it for foreigners with some wealth:

http://www.canreach.com/permanent_investor.asp

Canada had faced a similar national downturn before they enacted the program and supposedly it propped up prices in about a year. I heard this from Dennis Gartman who is an investment analyst and appears on CNBC pretty regularly. I like the idea of the government taking $500k from the foreigner and returning it in 5 years interest free. Reminds me of a hedge fund I invested in.

[Ozzie]

The fast track immigration was for all of Canada and they still do it for foreigners with some wealth:

http://www.canreach.com/permanent_investor.asp

Canada had faced a similar national downturn before they enacted the program and supposedly it propped up prices in about a year. I heard this from Dennis Gartman who is an investment analyst and appears on CNBC pretty regularly. I like the idea of the government taking $500k from the foreigner and returning it in 5 years interest free. Reminds me of a hedge fund I invested in.

[Ozzie]

The fast track immigration was for all of Canada and they still do it for foreigners with some wealth:

http://www.canreach.com/permanent_investor.asp

Canada had faced a similar national downturn before they enacted the program and supposedly it propped up prices in about a year. I heard this from Dennis Gartman who is an investment analyst and appears on CNBC pretty regularly. I like the idea of the government taking $500k from the foreigner and returning it in 5 years interest free. Reminds me of a hedge fund I invested in.

[Ozzie]

The fast track immigration was for all of Canada and they still do it for foreigners with some wealth:

http://www.canreach.com/permanent_investor.asp

Canada had faced a similar national downturn before they enacted the program and supposedly it propped up prices in about a year. I heard this from Dennis Gartman who is an investment analyst and appears on CNBC pretty regularly. I like the idea of the government taking $500k from the foreigner and returning it in 5 years interest free. Reminds me of a hedge fund I invested in.

[Ozzie]

I believe the original post was wondering how come rental prices were so high in desirable areas. Perhaps there is a rental bubble? Or maybe it’s simply supply and demand with a lot of demand coming from renters who have left the buying pool for now (either recently sold or just moved here and putting off their purchase until prices stabilize). That’s my guess because I too see single family rentals rising like crazy in the desirable areas. I’ve seen sellers take their homes off the market and rent them for positive cash flow if they bought in 2003 or in some cases 2004. It makes sense if you’re not desperate to get your equity out right away. Why compete with a desperate seller in a buyer’s market? I’ve seen an investor in South Carlsbad raise his rental rate 50% from where it was in 2003 in what is not a great location IMO. It’s all about supply and demand and in this case the demand is not being driven by speculation or easy money so it seems more sustainable to me.

[Ozzie]

I believe the original post was wondering how come rental prices were so high in desirable areas. Perhaps there is a rental bubble? Or maybe it’s simply supply and demand with a lot of demand coming from renters who have left the buying pool for now (either recently sold or just moved here and putting off their purchase until prices stabilize). That’s my guess because I too see single family rentals rising like crazy in the desirable areas. I’ve seen sellers take their homes off the market and rent them for positive cash flow if they bought in 2003 or in some cases 2004. It makes sense if you’re not desperate to get your equity out right away. Why compete with a desperate seller in a buyer’s market? I’ve seen an investor in South Carlsbad raise his rental rate 50% from where it was in 2003 in what is not a great location IMO. It’s all about supply and demand and in this case the demand is not being driven by speculation or easy money so it seems more sustainable to me.

[Ozzie]

I believe the original post was wondering how come rental prices were so high in desirable areas. Perhaps there is a rental bubble? Or maybe it’s simply supply and demand with a lot of demand coming from renters who have left the buying pool for now (either recently sold or just moved here and putting off their purchase until prices stabilize). That’s my guess because I too see single family rentals rising like crazy in the desirable areas. I’ve seen sellers take their homes off the market and rent them for positive cash flow if they bought in 2003 or in some cases 2004. It makes sense if you’re not desperate to get your equity out right away. Why compete with a desperate seller in a buyer’s market? I’ve seen an investor in South Carlsbad raise his rental rate 50% from where it was in 2003 in what is not a great location IMO. It’s all about supply and demand and in this case the demand is not being driven by speculation or easy money so it seems more sustainable to me.

[Ozzie]

I believe the original post was wondering how come rental prices were so high in desirable areas. Perhaps there is a rental bubble? Or maybe it’s simply supply and demand with a lot of demand coming from renters who have left the buying pool for now (either recently sold or just moved here and putting off their purchase until prices stabilize). That’s my guess because I too see single family rentals rising like crazy in the desirable areas. I’ve seen sellers take their homes off the market and rent them for positive cash flow if they bought in 2003 or in some cases 2004. It makes sense if you’re not desperate to get your equity out right away. Why compete with a desperate seller in a buyer’s market? I’ve seen an investor in South Carlsbad raise his rental rate 50% from where it was in 2003 in what is not a great location IMO. It’s all about supply and demand and in this case the demand is not being driven by speculation or easy money so it seems more sustainable to me.

[Ozzie]

I believe the original post was wondering how come rental prices were so high in desirable areas. Perhaps there is a rental bubble? Or maybe it’s simply supply and demand with a lot of demand coming from renters who have left the buying pool for now (either recently sold or just moved here and putting off their purchase until prices stabilize). That’s my guess because I too see single family rentals rising like crazy in the desirable areas. I’ve seen sellers take their homes off the market and rent them for positive cash flow if they bought in 2003 or in some cases 2004. It makes sense if you’re not desperate to get your equity out right away. Why compete with a desperate seller in a buyer’s market? I’ve seen an investor in South Carlsbad raise his rental rate 50% from where it was in 2003 in what is not a great location IMO. It’s all about supply and demand and in this case the demand is not being driven by speculation or easy money so it seems more sustainable to me.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Author]

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