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peterb
ParticipantThe rental market is probably one of the most free markets we have and is thus constantly adjusting based on available money and not debt. Crash, probably not. But I bet these new mortgage rates turn a lot of renters into owners. Which in turn should soften the rental market.
peterb
ParticipantOf the over 10M people that have come to CA in the last 12-15 years, only 150K pay any income taxes. This cannot be sustained.
peterb
ParticipantWhen you consider that we really have not gone anywhere, economically, for 10 years…we’re looking very much like Japan. The US is not a net exporter like Japan, but it does have the worlds reserve currency. This will cause the US$ to get stronger every time there’s a flight to safety. This can go on a lot longer than most people think.
Hyperinflation has historically been the result of desperate nations when they can no longer borrow. I don’t think a world reserve currency has ever experienced hyperinflation. Check Rogoff’s latest book for how the whole thing will unravel.
February 20, 2011 at 10:50 AM in reply to: $300k property $2800 in rent does it work on paper? #668642peterb
ParticipantWork out? You’re paying all cash. What’s got to “work out”?
After paying taxes, insurance and maintenance you will probably get ~10% return/year on your money. Not bad in todays world.
Although you’d probably be under-performing against many commodities for the next few years.February 20, 2011 at 10:50 AM in reply to: $300k property $2800 in rent does it work on paper? #668704peterb
ParticipantWork out? You’re paying all cash. What’s got to “work out”?
After paying taxes, insurance and maintenance you will probably get ~10% return/year on your money. Not bad in todays world.
Although you’d probably be under-performing against many commodities for the next few years.February 20, 2011 at 10:50 AM in reply to: $300k property $2800 in rent does it work on paper? #669311peterb
ParticipantWork out? You’re paying all cash. What’s got to “work out”?
After paying taxes, insurance and maintenance you will probably get ~10% return/year on your money. Not bad in todays world.
Although you’d probably be under-performing against many commodities for the next few years.February 20, 2011 at 10:50 AM in reply to: $300k property $2800 in rent does it work on paper? #669450peterb
ParticipantWork out? You’re paying all cash. What’s got to “work out”?
After paying taxes, insurance and maintenance you will probably get ~10% return/year on your money. Not bad in todays world.
Although you’d probably be under-performing against many commodities for the next few years.February 20, 2011 at 10:50 AM in reply to: $300k property $2800 in rent does it work on paper? #669793peterb
ParticipantWork out? You’re paying all cash. What’s got to “work out”?
After paying taxes, insurance and maintenance you will probably get ~10% return/year on your money. Not bad in todays world.
Although you’d probably be under-performing against many commodities for the next few years.peterb
ParticipantAs a landlord, finding reliable, rent paying people is your number one priority. Retired and section 8 are good bets as they are backed by the govt.
Appreciation is a future event that no one can be sure of the outcome. Ask yourself if you don’t mind being a landlord for at least 5 years?
You may want to run some ads and see how the response unfolds. This may give you some insight in real-time.
peterb
ParticipantAs a landlord, finding reliable, rent paying people is your number one priority. Retired and section 8 are good bets as they are backed by the govt.
Appreciation is a future event that no one can be sure of the outcome. Ask yourself if you don’t mind being a landlord for at least 5 years?
You may want to run some ads and see how the response unfolds. This may give you some insight in real-time.
peterb
ParticipantAs a landlord, finding reliable, rent paying people is your number one priority. Retired and section 8 are good bets as they are backed by the govt.
Appreciation is a future event that no one can be sure of the outcome. Ask yourself if you don’t mind being a landlord for at least 5 years?
You may want to run some ads and see how the response unfolds. This may give you some insight in real-time.
peterb
ParticipantAs a landlord, finding reliable, rent paying people is your number one priority. Retired and section 8 are good bets as they are backed by the govt.
Appreciation is a future event that no one can be sure of the outcome. Ask yourself if you don’t mind being a landlord for at least 5 years?
You may want to run some ads and see how the response unfolds. This may give you some insight in real-time.
peterb
ParticipantAs a landlord, finding reliable, rent paying people is your number one priority. Retired and section 8 are good bets as they are backed by the govt.
Appreciation is a future event that no one can be sure of the outcome. Ask yourself if you don’t mind being a landlord for at least 5 years?
You may want to run some ads and see how the response unfolds. This may give you some insight in real-time.
peterb
ParticipantThe macro economic outlook for CA is not very good at this time. The state will be forced to cut and real un/underemployment is well over 20% right now.
If the thought of the house not gaining in price or dropping a bit in the next few years is disturbing to you, then you probably shouldnt buy it.
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