[Ren]

jdsuowner, FYI, different areas rise and fall at different rates/times. Some areas have hit bottom, some haven’t. If you’re thinking of it as a home that you will be in for a very long time, that should factor into the price you’re willing to pay (a little more). You probably won’t find a great house in a great neighborhood for really cheap, but you might find a great house in a great neighborhood that you can afford, and that’s a good thing.

[quote=SD Realtor]At some point investors will set the base due to the return they make on the investment as a rental.[/quote]

I believe this is what happened in the inland empire. My hood (Temecula) hit bottom about the time TG bought, in my opinion. Returns were so good at those prices that they couldn’t go lower, or even stay there for long. Prices then bounced a little due to the tax incentive, but now that that’s gone, they’re settling down to a more reasonable (not crazy low) level.

[Ren]

jdsuowner, FYI, different areas rise and fall at different rates/times. Some areas have hit bottom, some haven’t. If you’re thinking of it as a home that you will be in for a very long time, that should factor into the price you’re willing to pay (a little more). You probably won’t find a great house in a great neighborhood for really cheap, but you might find a great house in a great neighborhood that you can afford, and that’s a good thing.

[quote=SD Realtor]At some point investors will set the base due to the return they make on the investment as a rental.[/quote]

I believe this is what happened in the inland empire. My hood (Temecula) hit bottom about the time TG bought, in my opinion. Returns were so good at those prices that they couldn’t go lower, or even stay there for long. Prices then bounced a little due to the tax incentive, but now that that’s gone, they’re settling down to a more reasonable (not crazy low) level.

[Ren]

jdsuowner, FYI, different areas rise and fall at different rates/times. Some areas have hit bottom, some haven’t. If you’re thinking of it as a home that you will be in for a very long time, that should factor into the price you’re willing to pay (a little more). You probably won’t find a great house in a great neighborhood for really cheap, but you might find a great house in a great neighborhood that you can afford, and that’s a good thing.

[quote=SD Realtor]At some point investors will set the base due to the return they make on the investment as a rental.[/quote]

I believe this is what happened in the inland empire. My hood (Temecula) hit bottom about the time TG bought, in my opinion. Returns were so good at those prices that they couldn’t go lower, or even stay there for long. Prices then bounced a little due to the tax incentive, but now that that’s gone, they’re settling down to a more reasonable (not crazy low) level.

[Ren]

jdsuowner, FYI, different areas rise and fall at different rates/times. Some areas have hit bottom, some haven’t. If you’re thinking of it as a home that you will be in for a very long time, that should factor into the price you’re willing to pay (a little more). You probably won’t find a great house in a great neighborhood for really cheap, but you might find a great house in a great neighborhood that you can afford, and that’s a good thing.

[quote=SD Realtor]At some point investors will set the base due to the return they make on the investment as a rental.[/quote]

I believe this is what happened in the inland empire. My hood (Temecula) hit bottom about the time TG bought, in my opinion. Returns were so good at those prices that they couldn’t go lower, or even stay there for long. Prices then bounced a little due to the tax incentive, but now that that’s gone, they’re settling down to a more reasonable (not crazy low) level.

[Ren]

jdsuowner, FYI, different areas rise and fall at different rates/times. Some areas have hit bottom, some haven’t. If you’re thinking of it as a home that you will be in for a very long time, that should factor into the price you’re willing to pay (a little more). You probably won’t find a great house in a great neighborhood for really cheap, but you might find a great house in a great neighborhood that you can afford, and that’s a good thing.

[quote=SD Realtor]At some point investors will set the base due to the return they make on the investment as a rental.[/quote]

I believe this is what happened in the inland empire. My hood (Temecula) hit bottom about the time TG bought, in my opinion. Returns were so good at those prices that they couldn’t go lower, or even stay there for long. Prices then bounced a little due to the tax incentive, but now that that’s gone, they’re settling down to a more reasonable (not crazy low) level.

[Ren]

[quote=no_such_reality]
You mean like the scientist with the fake degree that made up the research for the California Air Resources Board’s diesel rules?[/quote]

This is a perfect example of how rules and regulations, taken to an extreme, can do far more harm than good. CARB’s actions probably do help the environment on an almost infinitesimal level (even that is debatable), but what about the hundreds of thousands of jobs lost? These rules aren’t hurting big corporations, they’re hurting thousands of small California businesses like short haul trucking companies and farmers. They’re being forced to either shut down or take their business out of state, while their former employees are left wondering how a couple fewer parts per trillion of particulates in the air helped them or their families.

At some point, rules simply become a control issue on the part of career politicians. On both sides.

[Ren]

[quote=no_such_reality]
You mean like the scientist with the fake degree that made up the research for the California Air Resources Board’s diesel rules?[/quote]

This is a perfect example of how rules and regulations, taken to an extreme, can do far more harm than good. CARB’s actions probably do help the environment on an almost infinitesimal level (even that is debatable), but what about the hundreds of thousands of jobs lost? These rules aren’t hurting big corporations, they’re hurting thousands of small California businesses like short haul trucking companies and farmers. They’re being forced to either shut down or take their business out of state, while their former employees are left wondering how a couple fewer parts per trillion of particulates in the air helped them or their families.

At some point, rules simply become a control issue on the part of career politicians. On both sides.

[Ren]

[quote=no_such_reality]
You mean like the scientist with the fake degree that made up the research for the California Air Resources Board’s diesel rules?[/quote]

This is a perfect example of how rules and regulations, taken to an extreme, can do far more harm than good. CARB’s actions probably do help the environment on an almost infinitesimal level (even that is debatable), but what about the hundreds of thousands of jobs lost? These rules aren’t hurting big corporations, they’re hurting thousands of small California businesses like short haul trucking companies and farmers. They’re being forced to either shut down or take their business out of state, while their former employees are left wondering how a couple fewer parts per trillion of particulates in the air helped them or their families.

At some point, rules simply become a control issue on the part of career politicians. On both sides.

[Ren]

[quote=no_such_reality]
You mean like the scientist with the fake degree that made up the research for the California Air Resources Board’s diesel rules?[/quote]

This is a perfect example of how rules and regulations, taken to an extreme, can do far more harm than good. CARB’s actions probably do help the environment on an almost infinitesimal level (even that is debatable), but what about the hundreds of thousands of jobs lost? These rules aren’t hurting big corporations, they’re hurting thousands of small California businesses like short haul trucking companies and farmers. They’re being forced to either shut down or take their business out of state, while their former employees are left wondering how a couple fewer parts per trillion of particulates in the air helped them or their families.

At some point, rules simply become a control issue on the part of career politicians. On both sides.

[Ren]

[quote=no_such_reality]
You mean like the scientist with the fake degree that made up the research for the California Air Resources Board’s diesel rules?[/quote]

This is a perfect example of how rules and regulations, taken to an extreme, can do far more harm than good. CARB’s actions probably do help the environment on an almost infinitesimal level (even that is debatable), but what about the hundreds of thousands of jobs lost? These rules aren’t hurting big corporations, they’re hurting thousands of small California businesses like short haul trucking companies and farmers. They’re being forced to either shut down or take their business out of state, while their former employees are left wondering how a couple fewer parts per trillion of particulates in the air helped them or their families.

At some point, rules simply become a control issue on the part of career politicians. On both sides.

[Ren]

[quote=jimmyle]I definitely don’t want to be a landlord after seeing this.
[/quote]

If you do your due diligence, you can avoid tenants like this. The next time, your friend needs to either do it herself, or hire a legitimate property manager.

You might want to go to the landlord section of the biggerpockets.com forum and ask for advice. Those people really know their stuff.

[Ren]

[quote=jimmyle]I definitely don’t want to be a landlord after seeing this.
[/quote]

If you do your due diligence, you can avoid tenants like this. The next time, your friend needs to either do it herself, or hire a legitimate property manager.

You might want to go to the landlord section of the biggerpockets.com forum and ask for advice. Those people really know their stuff.

[Ren]

[quote=jimmyle]I definitely don’t want to be a landlord after seeing this.
[/quote]

If you do your due diligence, you can avoid tenants like this. The next time, your friend needs to either do it herself, or hire a legitimate property manager.

You might want to go to the landlord section of the biggerpockets.com forum and ask for advice. Those people really know their stuff.

[Ren]

[quote=jimmyle]I definitely don’t want to be a landlord after seeing this.
[/quote]

If you do your due diligence, you can avoid tenants like this. The next time, your friend needs to either do it herself, or hire a legitimate property manager.

You might want to go to the landlord section of the biggerpockets.com forum and ask for advice. Those people really know their stuff.

[Ren]

[quote=jimmyle]I definitely don’t want to be a landlord after seeing this.
[/quote]

If you do your due diligence, you can avoid tenants like this. The next time, your friend needs to either do it herself, or hire a legitimate property manager.

You might want to go to the landlord section of the biggerpockets.com forum and ask for advice. Those people really know their stuff.

[Author]

Posts