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Ren
Participant[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]
This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.
The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.
Participant[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]
This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.
The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.
Participant[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]
This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.
The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.
Participant[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]
This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.
The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.
ParticipantThere are millions of uninformed “investors” out there. When your only source of information is the realtor that you met at that open house last year, as far as you know, the bottom is now.
They’re too lazy to do their own research, yet somehow managed to save up a few tens of thousands. That’s okay, they’re helping us out.
ParticipantThere are millions of uninformed “investors” out there. When your only source of information is the realtor that you met at that open house last year, as far as you know, the bottom is now.
They’re too lazy to do their own research, yet somehow managed to save up a few tens of thousands. That’s okay, they’re helping us out.
ParticipantThere are millions of uninformed “investors” out there. When your only source of information is the realtor that you met at that open house last year, as far as you know, the bottom is now.
They’re too lazy to do their own research, yet somehow managed to save up a few tens of thousands. That’s okay, they’re helping us out.
ParticipantThere are millions of uninformed “investors” out there. When your only source of information is the realtor that you met at that open house last year, as far as you know, the bottom is now.
They’re too lazy to do their own research, yet somehow managed to save up a few tens of thousands. That’s okay, they’re helping us out.
ParticipantThere are millions of uninformed “investors” out there. When your only source of information is the realtor that you met at that open house last year, as far as you know, the bottom is now.
They’re too lazy to do their own research, yet somehow managed to save up a few tens of thousands. That’s okay, they’re helping us out.
ParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma 🙂
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
ParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma 🙂
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
ParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma 🙂
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
ParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma 🙂
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
ParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma 🙂
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
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