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Ren
Participant[quote=ybitz]… I don’t understand the appeal of HOA…it seems to take away some of the freedom of home ownership.[/quote]
HOAs can be a good thing. They prevent your neighbor from painting his house purple, or parking a giant boat in his front yard.
Participant[quote=ybitz]… I don’t understand the appeal of HOA…it seems to take away some of the freedom of home ownership.[/quote]
HOAs can be a good thing. They prevent your neighbor from painting his house purple, or parking a giant boat in his front yard.
Participant[quote=ybitz]… I don’t understand the appeal of HOA…it seems to take away some of the freedom of home ownership.[/quote]
HOAs can be a good thing. They prevent your neighbor from painting his house purple, or parking a giant boat in his front yard.
Participant[quote=ybitz]… I don’t understand the appeal of HOA…it seems to take away some of the freedom of home ownership.[/quote]
HOAs can be a good thing. They prevent your neighbor from painting his house purple, or parking a giant boat in his front yard.
April 13, 2009 at 1:23 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380091Participant[quote=cv2]Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?
[/quote]Good questions. I’m not jumping in, even though I’m seeing $500+/month positive cash flow in condos for a $40k investment (30% down). I just don’t think it’s a good idea to buy in spring whether the market is up or down (I don’t need the competition), I’m almost certain prices will not go up by this fall/winter, and I’m guessing prices have a little ways to go down (maybe 5-15% in Murrieta?).
I just have this little voice telling me that those $1,100 rents could be at $900 next year, so if I wait until winter and it knocks $10-$20k off the purchase price, it’s worth it. At least I know that I’m not making a bad decision by waiting.
April 13, 2009 at 1:23 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380362Participant[quote=cv2]Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?
[/quote]Good questions. I’m not jumping in, even though I’m seeing $500+/month positive cash flow in condos for a $40k investment (30% down). I just don’t think it’s a good idea to buy in spring whether the market is up or down (I don’t need the competition), I’m almost certain prices will not go up by this fall/winter, and I’m guessing prices have a little ways to go down (maybe 5-15% in Murrieta?).
I just have this little voice telling me that those $1,100 rents could be at $900 next year, so if I wait until winter and it knocks $10-$20k off the purchase price, it’s worth it. At least I know that I’m not making a bad decision by waiting.
April 13, 2009 at 1:23 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380550Participant[quote=cv2]Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?
[/quote]Good questions. I’m not jumping in, even though I’m seeing $500+/month positive cash flow in condos for a $40k investment (30% down). I just don’t think it’s a good idea to buy in spring whether the market is up or down (I don’t need the competition), I’m almost certain prices will not go up by this fall/winter, and I’m guessing prices have a little ways to go down (maybe 5-15% in Murrieta?).
I just have this little voice telling me that those $1,100 rents could be at $900 next year, so if I wait until winter and it knocks $10-$20k off the purchase price, it’s worth it. At least I know that I’m not making a bad decision by waiting.
April 13, 2009 at 1:23 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380597Participant[quote=cv2]Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?
[/quote]Good questions. I’m not jumping in, even though I’m seeing $500+/month positive cash flow in condos for a $40k investment (30% down). I just don’t think it’s a good idea to buy in spring whether the market is up or down (I don’t need the competition), I’m almost certain prices will not go up by this fall/winter, and I’m guessing prices have a little ways to go down (maybe 5-15% in Murrieta?).
I just have this little voice telling me that those $1,100 rents could be at $900 next year, so if I wait until winter and it knocks $10-$20k off the purchase price, it’s worth it. At least I know that I’m not making a bad decision by waiting.
April 13, 2009 at 1:23 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380726Participant[quote=cv2]Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?
[/quote]Good questions. I’m not jumping in, even though I’m seeing $500+/month positive cash flow in condos for a $40k investment (30% down). I just don’t think it’s a good idea to buy in spring whether the market is up or down (I don’t need the competition), I’m almost certain prices will not go up by this fall/winter, and I’m guessing prices have a little ways to go down (maybe 5-15% in Murrieta?).
I just have this little voice telling me that those $1,100 rents could be at $900 next year, so if I wait until winter and it knocks $10-$20k off the purchase price, it’s worth it. At least I know that I’m not making a bad decision by waiting.
April 13, 2009 at 1:15 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380080Participant[quote=barnaby33]Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.
[/quote]I’ve been watching Murrieta and Temecula rents on CL for two years, and they are definitely dropping.
When I was looking on CL for a new place to rent myself last year, the owners I dealt with were all posting their actual asking rents, then choosing the renters based on job history and whether they “liked” them (and not so much on credit, since they were getting a lot of people with foreclosures).
April 13, 2009 at 1:15 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380352Participant[quote=barnaby33]Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.
[/quote]I’ve been watching Murrieta and Temecula rents on CL for two years, and they are definitely dropping.
When I was looking on CL for a new place to rent myself last year, the owners I dealt with were all posting their actual asking rents, then choosing the renters based on job history and whether they “liked” them (and not so much on credit, since they were getting a lot of people with foreclosures).
April 13, 2009 at 1:15 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380540Participant[quote=barnaby33]Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.
[/quote]I’ve been watching Murrieta and Temecula rents on CL for two years, and they are definitely dropping.
When I was looking on CL for a new place to rent myself last year, the owners I dealt with were all posting their actual asking rents, then choosing the renters based on job history and whether they “liked” them (and not so much on credit, since they were getting a lot of people with foreclosures).
April 13, 2009 at 1:15 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380587Participant[quote=barnaby33]Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.
[/quote]I’ve been watching Murrieta and Temecula rents on CL for two years, and they are definitely dropping.
When I was looking on CL for a new place to rent myself last year, the owners I dealt with were all posting their actual asking rents, then choosing the renters based on job history and whether they “liked” them (and not so much on credit, since they were getting a lot of people with foreclosures).
April 13, 2009 at 1:15 PM in reply to: Will rents create a price floor despite the mini rental bubble? #380716Participant[quote=barnaby33]Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.
[/quote]I’ve been watching Murrieta and Temecula rents on CL for two years, and they are definitely dropping.
When I was looking on CL for a new place to rent myself last year, the owners I dealt with were all posting their actual asking rents, then choosing the renters based on job history and whether they “liked” them (and not so much on credit, since they were getting a lot of people with foreclosures).
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