[surveyor]

riches

In the book “The Millionaire Next Door”, there is a metric for determining how well you are doing financially.

Age x Gross annual income / 10

If your net worth is twice this number, you are a PAW (prodigious accumulator of wealth) and can be considered rich.

If your number is half or less you are an UAW (underaccumulator of wealth).

Those who are PAW’s are generally rich, but do not necessarily look like they are rich. But their financial position is basically what most piggs here are aspiring to be.

The UAWs are the ones we piggs are generally disdainful of, those who look rich, but actually are in a financial hole.

I highly recommend reading the book.

[surveyor]

riches

In the book “The Millionaire Next Door”, there is a metric for determining how well you are doing financially.

Age x Gross annual income / 10

If your net worth is twice this number, you are a PAW (prodigious accumulator of wealth) and can be considered rich.

If your number is half or less you are an UAW (underaccumulator of wealth).

Those who are PAW’s are generally rich, but do not necessarily look like they are rich. But their financial position is basically what most piggs here are aspiring to be.

The UAWs are the ones we piggs are generally disdainful of, those who look rich, but actually are in a financial hole.

I highly recommend reading the book.

[surveyor]

riches

In the book “The Millionaire Next Door”, there is a metric for determining how well you are doing financially.

Age x Gross annual income / 10

If your net worth is twice this number, you are a PAW (prodigious accumulator of wealth) and can be considered rich.

If your number is half or less you are an UAW (underaccumulator of wealth).

Those who are PAW’s are generally rich, but do not necessarily look like they are rich. But their financial position is basically what most piggs here are aspiring to be.

The UAWs are the ones we piggs are generally disdainful of, those who look rich, but actually are in a financial hole.

I highly recommend reading the book.

[surveyor]

riches

In the book “The Millionaire Next Door”, there is a metric for determining how well you are doing financially.

Age x Gross annual income / 10

If your net worth is twice this number, you are a PAW (prodigious accumulator of wealth) and can be considered rich.

If your number is half or less you are an UAW (underaccumulator of wealth).

Those who are PAW’s are generally rich, but do not necessarily look like they are rich. But their financial position is basically what most piggs here are aspiring to be.

The UAWs are the ones we piggs are generally disdainful of, those who look rich, but actually are in a financial hole.

I highly recommend reading the book.

[surveyor]

bubbles

True, rents do not lend themselves to bubbbles very well – they are usually the side effect to a major bubble.

For example, the Japanese buying splurge of the 80’s caused rents to go up in certain places (California, Hawaii and Guam). After the Japanese financial crash, rents went down to normal.

The Internet bubble caused Bay area rents to go up. After the crash, asking rents were lowered.

I’ve been seeing some talk of a rent bubble in New Orleans, simply because of the destruction of affordable housing.

Anyways, unless there is some sort of bubble in Orange County causing rents to go up as a side effect, I would say it’s simply demand for more affordable units due to the increase in foreclosures. From what I’ve been seeing, the economy in Orange County is not excessively down, it is more or less on track with the national. With people fleeing home ownership and unwilling to flee the area in combination with the low amount of rental housing, they have no choice but to ante up for higher rents.

Besides, rents going 10% or even 15% out of whack is not considered a “bubble”.

I mean, heck, you might as well attribute the rise in rents to the Lakers being deep in the playoffs this year.

[surveyor]

bubbles

True, rents do not lend themselves to bubbbles very well – they are usually the side effect to a major bubble.

For example, the Japanese buying splurge of the 80’s caused rents to go up in certain places (California, Hawaii and Guam). After the Japanese financial crash, rents went down to normal.

The Internet bubble caused Bay area rents to go up. After the crash, asking rents were lowered.

I’ve been seeing some talk of a rent bubble in New Orleans, simply because of the destruction of affordable housing.

Anyways, unless there is some sort of bubble in Orange County causing rents to go up as a side effect, I would say it’s simply demand for more affordable units due to the increase in foreclosures. From what I’ve been seeing, the economy in Orange County is not excessively down, it is more or less on track with the national. With people fleeing home ownership and unwilling to flee the area in combination with the low amount of rental housing, they have no choice but to ante up for higher rents.

Besides, rents going 10% or even 15% out of whack is not considered a “bubble”.

I mean, heck, you might as well attribute the rise in rents to the Lakers being deep in the playoffs this year.

[surveyor]

bubbles

True, rents do not lend themselves to bubbbles very well – they are usually the side effect to a major bubble.

For example, the Japanese buying splurge of the 80’s caused rents to go up in certain places (California, Hawaii and Guam). After the Japanese financial crash, rents went down to normal.

The Internet bubble caused Bay area rents to go up. After the crash, asking rents were lowered.

I’ve been seeing some talk of a rent bubble in New Orleans, simply because of the destruction of affordable housing.

Anyways, unless there is some sort of bubble in Orange County causing rents to go up as a side effect, I would say it’s simply demand for more affordable units due to the increase in foreclosures. From what I’ve been seeing, the economy in Orange County is not excessively down, it is more or less on track with the national. With people fleeing home ownership and unwilling to flee the area in combination with the low amount of rental housing, they have no choice but to ante up for higher rents.

Besides, rents going 10% or even 15% out of whack is not considered a “bubble”.

I mean, heck, you might as well attribute the rise in rents to the Lakers being deep in the playoffs this year.

[surveyor]

bubbles

True, rents do not lend themselves to bubbbles very well – they are usually the side effect to a major bubble.

For example, the Japanese buying splurge of the 80’s caused rents to go up in certain places (California, Hawaii and Guam). After the Japanese financial crash, rents went down to normal.

The Internet bubble caused Bay area rents to go up. After the crash, asking rents were lowered.

I’ve been seeing some talk of a rent bubble in New Orleans, simply because of the destruction of affordable housing.

Anyways, unless there is some sort of bubble in Orange County causing rents to go up as a side effect, I would say it’s simply demand for more affordable units due to the increase in foreclosures. From what I’ve been seeing, the economy in Orange County is not excessively down, it is more or less on track with the national. With people fleeing home ownership and unwilling to flee the area in combination with the low amount of rental housing, they have no choice but to ante up for higher rents.

Besides, rents going 10% or even 15% out of whack is not considered a “bubble”.

I mean, heck, you might as well attribute the rise in rents to the Lakers being deep in the playoffs this year.

[surveyor]

bubbles

True, rents do not lend themselves to bubbbles very well – they are usually the side effect to a major bubble.

For example, the Japanese buying splurge of the 80’s caused rents to go up in certain places (California, Hawaii and Guam). After the Japanese financial crash, rents went down to normal.

The Internet bubble caused Bay area rents to go up. After the crash, asking rents were lowered.

I’ve been seeing some talk of a rent bubble in New Orleans, simply because of the destruction of affordable housing.

Anyways, unless there is some sort of bubble in Orange County causing rents to go up as a side effect, I would say it’s simply demand for more affordable units due to the increase in foreclosures. From what I’ve been seeing, the economy in Orange County is not excessively down, it is more or less on track with the national. With people fleeing home ownership and unwilling to flee the area in combination with the low amount of rental housing, they have no choice but to ante up for higher rents.

Besides, rents going 10% or even 15% out of whack is not considered a “bubble”.

I mean, heck, you might as well attribute the rise in rents to the Lakers being deep in the playoffs this year.

[surveyor]

check

I received the first check, but have not gotten the notice for the second check or the check itself (I read an article that said the second check would arrive around July).

[surveyor]

check

I received the first check, but have not gotten the notice for the second check or the check itself (I read an article that said the second check would arrive around July).

[surveyor]

check

I received the first check, but have not gotten the notice for the second check or the check itself (I read an article that said the second check would arrive around July).

[surveyor]

check

I received the first check, but have not gotten the notice for the second check or the check itself (I read an article that said the second check would arrive around July).

[surveyor]

check

I received the first check, but have not gotten the notice for the second check or the check itself (I read an article that said the second check would arrive around July).

[surveyor]

more rents

Rents aren’t usually susceptible to a bubble and any bubble they do enter tend to be small. The 10% overpriced sounds about right. If rent prices for a certain area enters a bubble, it is usually due to something unusual – one example would be when rents skyrocketed in the Bay area due to the Internet bubble. It proved to be temporary and when it crashed, rents went down as well.

I don’t know personally what’s going on in Orange County that would make rents go up drastically. What I have been seeing here in San Diego is that rents have been going up, because more former owners are becoming renters. While there have been buyers (former renters becoming homeowners) the trend has not been large enough to offset the former owners. As a result, there has been a larger demand for affordable rental units. As a result, those affordable units have been able to increase their prices.

Many people have assumed that as foreclosures increase, that there would be a reduction in rental prices. I have always said that this is a false assumption. What has been happening is that there is a large amount of houses empty due to foreclosures, very few people are buying them, and most people are opting to rent instead of buy. This activity has had the effect of putting pressure on rentals, allowing for price increases. Foreclosures have to be bought and converted by investors into viable rental units first and until they start doing so in huge numbers, do not expect rents to go down. While there has been some investor activity, the effect has been minimal.

My guess is that in order for rents to be decreased, you would have to see a large increase in sales first, heralding the end of the bubble bust. Or of course, the worsening of the economy. That always does the job.

[Author]

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