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patientrenter
ParticipantAnd a 43% decrease off peak, this time in Anaheim.
1250 SOUTH BROOKHURST STREET #2016, Anaheim, CA 92804
List price: $199,000 (10/31/2007)
Sale History
01/05/2006: $349,000
01/29/2001: $113,500
12/31/1996: $57,000“This is a 2 bed, 1 bath condo in a second level. Tile flooring, good condition, property recently remodeled. Balcony at front of the unit. Close to laundry facility. Right at front of the fenced pool and the clubhouse. Make an offer!”
Patient renter in OC
Participantflu, your comments echo what I heard from a friend just back from a visit a month ago. High living standards for many Chinese now.
Patient renter in OC
Participantflu, your comments echo what I heard from a friend just back from a visit a month ago. High living standards for many Chinese now.
Patient renter in OC
Participantflu, your comments echo what I heard from a friend just back from a visit a month ago. High living standards for many Chinese now.
Patient renter in OC
October 30, 2007 at 11:06 PM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93457ParticipantOne muggle, $130,000 a year from age 62 on $4 million is 3.25%. That strikes me as below the average assumption. Any particular reason?
Patient renter in OC
October 30, 2007 at 11:06 PM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93491ParticipantOne muggle, $130,000 a year from age 62 on $4 million is 3.25%. That strikes me as below the average assumption. Any particular reason?
Patient renter in OC
October 30, 2007 at 11:06 PM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93499ParticipantOne muggle, $130,000 a year from age 62 on $4 million is 3.25%. That strikes me as below the average assumption. Any particular reason?
Patient renter in OC
ParticipantThanks, 4plex.
Like you say, the cash flow looks awful based on current CA prices. I take it that these small complexes are as overpriced as SFRs and single condos. I’d hoped that maybe some of the bubble had bypassed these investment properties.
So it seems, at least here in CA, that it’s all about borrowing and buying as much as possible to get the maximum future HPA. Isn’t that the big gamble that so many piggs are leery of? Or is there some other payoff I’m missing? My goal was more to buy some future rental income, and not to rely on future HPA.
It sounds like buying for future rental income would have worked well if done back in the mid to late 90’s. But unless prices revert very sharply, now it doesn’t look too hot to me.
Patient renter in OC
ParticipantThanks, 4plex.
Like you say, the cash flow looks awful based on current CA prices. I take it that these small complexes are as overpriced as SFRs and single condos. I’d hoped that maybe some of the bubble had bypassed these investment properties.
So it seems, at least here in CA, that it’s all about borrowing and buying as much as possible to get the maximum future HPA. Isn’t that the big gamble that so many piggs are leery of? Or is there some other payoff I’m missing? My goal was more to buy some future rental income, and not to rely on future HPA.
It sounds like buying for future rental income would have worked well if done back in the mid to late 90’s. But unless prices revert very sharply, now it doesn’t look too hot to me.
Patient renter in OC
ParticipantThanks, 4plex.
Like you say, the cash flow looks awful based on current CA prices. I take it that these small complexes are as overpriced as SFRs and single condos. I’d hoped that maybe some of the bubble had bypassed these investment properties.
So it seems, at least here in CA, that it’s all about borrowing and buying as much as possible to get the maximum future HPA. Isn’t that the big gamble that so many piggs are leery of? Or is there some other payoff I’m missing? My goal was more to buy some future rental income, and not to rely on future HPA.
It sounds like buying for future rental income would have worked well if done back in the mid to late 90’s. But unless prices revert very sharply, now it doesn’t look too hot to me.
Patient renter in OC
ParticipantI love the data and charts, sdr and Artifact. Almost 30% are shorts. Just amazing. It will really force the market down quickly.
I wonder if the increase in short sales is decelerating because they’re turning into REOs for sale? If it were easy to get numbers for REOs for sale, then we could look at the sum of short and REO as a % of total listings. (I apologize if this repeats someone else’s comment here. It’s hard to scroll through 7 or 8 pages of posts.)
Patient renter in OC
ParticipantI love the data and charts, sdr and Artifact. Almost 30% are shorts. Just amazing. It will really force the market down quickly.
I wonder if the increase in short sales is decelerating because they’re turning into REOs for sale? If it were easy to get numbers for REOs for sale, then we could look at the sum of short and REO as a % of total listings. (I apologize if this repeats someone else’s comment here. It’s hard to scroll through 7 or 8 pages of posts.)
Patient renter in OC
ParticipantI love the data and charts, sdr and Artifact. Almost 30% are shorts. Just amazing. It will really force the market down quickly.
I wonder if the increase in short sales is decelerating because they’re turning into REOs for sale? If it were easy to get numbers for REOs for sale, then we could look at the sum of short and REO as a % of total listings. (I apologize if this repeats someone else’s comment here. It’s hard to scroll through 7 or 8 pages of posts.)
Patient renter in OC
ParticipantCan one of the more informed posters here check to see if the Aliso Viejo listing is a short sale?
It’s at 23366 EL REPOSA, Aliso Viejo, CA 92656.
Thanks in advance.
Patient renter in OC
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