[peterb]

As sticky as rents can be, if this economy continues to contract at its present rate, there will be increased vacancies and downward pressure on rents. Especially with foreclosure moratoriums allowing many people to live in their homes without paying anything.
How much loss can the investors/LL take before they decide it’s time to send the keys back to the lender?

[peterb]

As sticky as rents can be, if this economy continues to contract at its present rate, there will be increased vacancies and downward pressure on rents. Especially with foreclosure moratoriums allowing many people to live in their homes without paying anything.
How much loss can the investors/LL take before they decide it’s time to send the keys back to the lender?

[peterb]

As sticky as rents can be, if this economy continues to contract at its present rate, there will be increased vacancies and downward pressure on rents. Especially with foreclosure moratoriums allowing many people to live in their homes without paying anything.
How much loss can the investors/LL take before they decide it’s time to send the keys back to the lender?

[peterb]

As sticky as rents can be, if this economy continues to contract at its present rate, there will be increased vacancies and downward pressure on rents. Especially with foreclosure moratoriums allowing many people to live in their homes without paying anything.
How much loss can the investors/LL take before they decide it’s time to send the keys back to the lender?

[peterb]

It may make a strong shift here pretty soon if these measures dont pass tomorrow. If Arnold keeps his word and lots of people are laid-off. Also, cities wont be getting any financial help from the state either. This may actually put CA in the highest unemployment level since the 1930’s. Wonder what it’ll do to RE prices come this Fall?

[peterb]

It may make a strong shift here pretty soon if these measures dont pass tomorrow. If Arnold keeps his word and lots of people are laid-off. Also, cities wont be getting any financial help from the state either. This may actually put CA in the highest unemployment level since the 1930’s. Wonder what it’ll do to RE prices come this Fall?

[peterb]

It may make a strong shift here pretty soon if these measures dont pass tomorrow. If Arnold keeps his word and lots of people are laid-off. Also, cities wont be getting any financial help from the state either. This may actually put CA in the highest unemployment level since the 1930’s. Wonder what it’ll do to RE prices come this Fall?

[peterb]

It may make a strong shift here pretty soon if these measures dont pass tomorrow. If Arnold keeps his word and lots of people are laid-off. Also, cities wont be getting any financial help from the state either. This may actually put CA in the highest unemployment level since the 1930’s. Wonder what it’ll do to RE prices come this Fall?

[peterb]

It may make a strong shift here pretty soon if these measures dont pass tomorrow. If Arnold keeps his word and lots of people are laid-off. Also, cities wont be getting any financial help from the state either. This may actually put CA in the highest unemployment level since the 1930’s. Wonder what it’ll do to RE prices come this Fall?

[peterb]

Move to a state without income tax. That’ll save you about 10% right there, compared to living in CA. Find one without sales or income tax and you’re even further ahead of the game. Not sure that exists in the USA, though.

[peterb]

Move to a state without income tax. That’ll save you about 10% right there, compared to living in CA. Find one without sales or income tax and you’re even further ahead of the game. Not sure that exists in the USA, though.

[peterb]

Move to a state without income tax. That’ll save you about 10% right there, compared to living in CA. Find one without sales or income tax and you’re even further ahead of the game. Not sure that exists in the USA, though.

[peterb]

Move to a state without income tax. That’ll save you about 10% right there, compared to living in CA. Find one without sales or income tax and you’re even further ahead of the game. Not sure that exists in the USA, though.

[peterb]

Move to a state without income tax. That’ll save you about 10% right there, compared to living in CA. Find one without sales or income tax and you’re even further ahead of the game. Not sure that exists in the USA, though.

[peterb]

From an investment aspect, this is extremely risky. RE is a highly leveraged and illiquid investment. It changes trends very slowly and is easily identifiable when it’s starting.
It is much safer to wait until RE shows a solid YOY rise and other fundamental economic factors turn positive. Sure, you dont get in at the bottom, but far more importantly, you dont get in before the bottom. Because no one knows where it is until there’s a solid and consistant rise.

[Author]

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