[The-Shoveler]

That’s not far away.
But dealing with renters can be extremely stressful, dealing with a bad PM can be even worse.
Hiring a good PM is like finding a Good tenant. not so easy to do in reality.
Your call.

[The-Shoveler]

I would add if you work in IT plan on being kicked to the curb sometime between 45-55 years old so you will need a plan-B maybe a plan-C, also very unlikely you will have a pension.

[The-Shoveler]

Relentless Worldwide market Forces and Automation are the biggest changes in the last 20-30 Years, I don’t see anything that is going to change that.

For the most part if you don’t have IT (computer skills) or you don’t work for the Gov, it has been extremely challenging to say the least (well there is the medical professions as well).

Even if you have a good IT Job I would not automatically assume I could afford a coastal home in SoCal however (not everyone can live in CV ).

[The-Shoveler]

Oh come on flu,
I was just going to say, that would probably not even cash flow:
235K financed at 6% (investor rate) would be about 1.4K a month add in Taxes and insurance + HOA and your getting close to 2K maybe 2.2K a month expense.

[The-Shoveler]

Nice cars flu, I would not trust that lift though unless I had no choice but to park them like that.

See this is where living in the sticks pays off, got about half acre flat to park anything I want, barn building is encouraged here as well.

Now all I got to do is find a way to earn enough money and time to buy a race car. (well any somewhat fast car even). And add a barn to the wish list.
Good luck guys.

[The-Shoveler]

Inventory is only going up because prices have gone up. If prices retreat I think the market will go back to mostly distressed sales again (for the most part).

I also think the recent rise in interest rates are having a much bigger effect than most realtors want to tell you.

[The-Shoveler]

The main difference between China and the U.S.A. is when they create currency, they don’t call it debt, they just call it money and then they spend it to build a new train station or something.

[The-Shoveler]

Ha!! The guy almost had it right,

The only thing you have to worry about is other nations accepting your money as payment, but right now we are actually a fairly conservative currency creator China make us (the U.S.A) look like the Germans LOL.

They are the biggest money printer by far.

Also very important

They need us a lot more than we need them, That counts for a lot.

I have been saying this for 5 years BTW.

[The-Shoveler]

Great, now all we have to do it put them all in your back yard and just get the Fed to mandate that all the states will have to let them run wires through to power everyone else.

Thanks !!

[The-Shoveler]

My two cents, I think Obamacare will be a complete disaster,
They should have held out for the full monty, a UK type of health plan,
this will be much worse than doing nothing.

[The-Shoveler]

[quote=spdrun] I’ve actually seen a few deals that will cash flow in the last week or so.[/quote]

I would not be surprised if all (or most) of your full list price (or near full list price) offers get accepted.

Let us know how it goes.

[The-Shoveler]

Last week:
WASHINGTON (AP) — In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.

I guess that meant no QE4

Whatever that seemed to be enough to make some bond holders feel the FED just said, party over everyone out of the pool.

[The-Shoveler]

The Fed talking about removing stimulus in the near future has about the same affect,

No one wants to be the guy without the chair when the music stops.

[The-Shoveler]

Last week,
FED SUGGESTS IT’S CLOSER TO SLOWING BOND PURCHASES

http://bigstory.ap.org/article/fed-says-it-will-continue-85b-bond-purchases

[The-Shoveler]

Looks like they are already talking.

I wonder if rates go back to 3 to 3.5% what effect that will have, my guess is foot back on Gas…

FED: Guys we were just kidding really about pulling back.

The Fed’s unusual bond purchases have given it far more influence over the market than at past turning points for interest rates. But Fed officials are clearly unhappy with the extent of the reaction to Mr. Bernanke’s statements. On Monday, some top Fed officials made public comments that appeared to be aimed at calming some of the market’s wild selling. Narayana Kocherlakota, the president of the regional Fed branch in Minnesota, said in a statement on the bank’s Web site that the Fed’s recent communications had left the “public with large amounts of residual uncertainty.”

Mr. Kocherlakota emphasized that the Fed still planned to support the economy until it grew significantly stronger.

[Author]

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