[sd_owner]

If I have to choose among the three options (Real estate, cash, gold), I will choose real estate.

1. Real estate: it is still over-valued, but not too much. If you need a place to live, buy one now by all means. If you plan to buy one for investment, it is not a bad idea.
2. Cash: It has been clear that, in an effort to fend off deflation, the government has been (and will continue to be) printing money like crazy. Hyper-inflation will be here shortly after the current deflation phase is over. Unless you are very good at timing, I would not hold cash.
3. Gold: gold is in a big bubble territory already, with hyperinflation taken into account already.

[sd_owner]

If I have to choose among the three options (Real estate, cash, gold), I will choose real estate.

1. Real estate: it is still over-valued, but not too much. If you need a place to live, buy one now by all means. If you plan to buy one for investment, it is not a bad idea.
2. Cash: It has been clear that, in an effort to fend off deflation, the government has been (and will continue to be) printing money like crazy. Hyper-inflation will be here shortly after the current deflation phase is over. Unless you are very good at timing, I would not hold cash.
3. Gold: gold is in a big bubble territory already, with hyperinflation taken into account already.

[sd_owner]

If I have to choose among the three options (Real estate, cash, gold), I will choose real estate.

1. Real estate: it is still over-valued, but not too much. If you need a place to live, buy one now by all means. If you plan to buy one for investment, it is not a bad idea.
2. Cash: It has been clear that, in an effort to fend off deflation, the government has been (and will continue to be) printing money like crazy. Hyper-inflation will be here shortly after the current deflation phase is over. Unless you are very good at timing, I would not hold cash.
3. Gold: gold is in a big bubble territory already, with hyperinflation taken into account already.

[sd_owner]

Cabal,

Among buyers who make low-ball offers, they may be different. Some buyers look at the comps and mistakenly think your house is worth the same. Other buyers know the value of a house but try to bargain from the basement price.

For the first kind of buyers, there is really nothing you can do, except for a friendly note through their agent that his/her offer price is reasonable if the house is in a poor condition like those of foreclosed homes. They will realize their mistake after a while.

For the 2nd kind of buyers, what I would recommend is to give a counter offer with a price close to your asking price. This will give them a chance to understand that you know the value of a home and will not accept low ball offers so that they can make a 2nd offer if they are serious.

[sd_owner]

Cabal,

Among buyers who make low-ball offers, they may be different. Some buyers look at the comps and mistakenly think your house is worth the same. Other buyers know the value of a house but try to bargain from the basement price.

For the first kind of buyers, there is really nothing you can do, except for a friendly note through their agent that his/her offer price is reasonable if the house is in a poor condition like those of foreclosed homes. They will realize their mistake after a while.

For the 2nd kind of buyers, what I would recommend is to give a counter offer with a price close to your asking price. This will give them a chance to understand that you know the value of a home and will not accept low ball offers so that they can make a 2nd offer if they are serious.

[sd_owner]

Cabal,

Among buyers who make low-ball offers, they may be different. Some buyers look at the comps and mistakenly think your house is worth the same. Other buyers know the value of a house but try to bargain from the basement price.

For the first kind of buyers, there is really nothing you can do, except for a friendly note through their agent that his/her offer price is reasonable if the house is in a poor condition like those of foreclosed homes. They will realize their mistake after a while.

For the 2nd kind of buyers, what I would recommend is to give a counter offer with a price close to your asking price. This will give them a chance to understand that you know the value of a home and will not accept low ball offers so that they can make a 2nd offer if they are serious.

[sd_owner]

Cabal,

Among buyers who make low-ball offers, they may be different. Some buyers look at the comps and mistakenly think your house is worth the same. Other buyers know the value of a house but try to bargain from the basement price.

For the first kind of buyers, there is really nothing you can do, except for a friendly note through their agent that his/her offer price is reasonable if the house is in a poor condition like those of foreclosed homes. They will realize their mistake after a while.

For the 2nd kind of buyers, what I would recommend is to give a counter offer with a price close to your asking price. This will give them a chance to understand that you know the value of a home and will not accept low ball offers so that they can make a 2nd offer if they are serious.

[sd_owner]

Cabal,

Among buyers who make low-ball offers, they may be different. Some buyers look at the comps and mistakenly think your house is worth the same. Other buyers know the value of a house but try to bargain from the basement price.

For the first kind of buyers, there is really nothing you can do, except for a friendly note through their agent that his/her offer price is reasonable if the house is in a poor condition like those of foreclosed homes. They will realize their mistake after a while.

For the 2nd kind of buyers, what I would recommend is to give a counter offer with a price close to your asking price. This will give them a chance to understand that you know the value of a home and will not accept low ball offers so that they can make a 2nd offer if they are serious.

[sd_owner]

I have a few more questions:
1. What is the effective tax rate for a typical newer single family home (built recently)?
2. Approximately how many days do you need air-conditioner on in the summer?
3. Where do most Temecula residents work: Local (Temecula), Riverside, or San Diego?

Thanks.

[sd_owner]

I have a few more questions:
1. What is the effective tax rate for a typical newer single family home (built recently)?
2. Approximately how many days do you need air-conditioner on in the summer?
3. Where do most Temecula residents work: Local (Temecula), Riverside, or San Diego?

Thanks.

[sd_owner]

I have a few more questions:
1. What is the effective tax rate for a typical newer single family home (built recently)?
2. Approximately how many days do you need air-conditioner on in the summer?
3. Where do most Temecula residents work: Local (Temecula), Riverside, or San Diego?

Thanks.

[sd_owner]

I have a few more questions:
1. What is the effective tax rate for a typical newer single family home (built recently)?
2. Approximately how many days do you need air-conditioner on in the summer?
3. Where do most Temecula residents work: Local (Temecula), Riverside, or San Diego?

Thanks.

[sd_owner]

I have a few more questions:
1. What is the effective tax rate for a typical newer single family home (built recently)?
2. Approximately how many days do you need air-conditioner on in the summer?
3. Where do most Temecula residents work: Local (Temecula), Riverside, or San Diego?

Thanks.

[sd_owner]

Thanks to all for the excellent information. I am looking for an investment property which will provide a good return from home price appreciation and/or rental income, with the emphasis on home price appreciation.

Are there any specific neighborhoods that you think would be especially attractive to renters? For example, most renters are single or young couples. If a house is close to an elementary school or conveniently located (for transit or shopping), do you think it will be desirable as a rental?

[sd_owner]

Thanks to all for the excellent information. I am looking for an investment property which will provide a good return from home price appreciation and/or rental income, with the emphasis on home price appreciation.

Are there any specific neighborhoods that you think would be especially attractive to renters? For example, most renters are single or young couples. If a house is close to an elementary school or conveniently located (for transit or shopping), do you think it will be desirable as a rental?

[Author]

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