[UCGal]

[quote=scaredycat]here’s a price history on a place near where we rent, but not like our rental, but still…

Date Event Price Appreciation Source
Feb 07, 2010 Listed $299,900 —
Feb 07, 2010 Listed $299,900 —
Jan 03, 1992 Sold (Public Records) $246,000 8.1%/yr Public Records
Apr 01, 1989 Sold (Public Records) $198,500 — Public Records

if this were me 20 years down the line, i’d be, well, a little irritated if i wer eheavily leveraged. look at this…jeepers. held the place for almost 20 years, and after the realtor’s cut, and repairs, it’s a loss. yeah you raised a family, happy memories, etc etc…but you’d think you could break even in 20 years! by it 2 y 10 m earlier, and at least you walk away witha bit. maybe. and this assumes the selelr’s gonna gt 299 for the listing, which i doubt.[/quote]

Ah – this goes back to my premise I keep stating… Are you buying a place as an investment – to make your money grow? Or are you buying a place to live in, for shelter.

If you rented for 20 years, you wouldn’t make a profit, either.

I’m not suggesting you buy, or not… I’m just not a big fan of buying houses with the idea of selling for profit… too much downside risk in that proposition… If you have a budget for shelter – and buying fits that budget and gets you a decent home… go for it.

[UCGal]

[quote=scaredycat]here’s a price history on a place near where we rent, but not like our rental, but still…

Date Event Price Appreciation Source
Feb 07, 2010 Listed $299,900 —
Feb 07, 2010 Listed $299,900 —
Jan 03, 1992 Sold (Public Records) $246,000 8.1%/yr Public Records
Apr 01, 1989 Sold (Public Records) $198,500 — Public Records

if this were me 20 years down the line, i’d be, well, a little irritated if i wer eheavily leveraged. look at this…jeepers. held the place for almost 20 years, and after the realtor’s cut, and repairs, it’s a loss. yeah you raised a family, happy memories, etc etc…but you’d think you could break even in 20 years! by it 2 y 10 m earlier, and at least you walk away witha bit. maybe. and this assumes the selelr’s gonna gt 299 for the listing, which i doubt.[/quote]

Ah – this goes back to my premise I keep stating… Are you buying a place as an investment – to make your money grow? Or are you buying a place to live in, for shelter.

If you rented for 20 years, you wouldn’t make a profit, either.

I’m not suggesting you buy, or not… I’m just not a big fan of buying houses with the idea of selling for profit… too much downside risk in that proposition… If you have a budget for shelter – and buying fits that budget and gets you a decent home… go for it.

[UCGal]

[quote=scaredycat]here’s a price history on a place near where we rent, but not like our rental, but still…

Date Event Price Appreciation Source
Feb 07, 2010 Listed $299,900 —
Feb 07, 2010 Listed $299,900 —
Jan 03, 1992 Sold (Public Records) $246,000 8.1%/yr Public Records
Apr 01, 1989 Sold (Public Records) $198,500 — Public Records

if this were me 20 years down the line, i’d be, well, a little irritated if i wer eheavily leveraged. look at this…jeepers. held the place for almost 20 years, and after the realtor’s cut, and repairs, it’s a loss. yeah you raised a family, happy memories, etc etc…but you’d think you could break even in 20 years! by it 2 y 10 m earlier, and at least you walk away witha bit. maybe. and this assumes the selelr’s gonna gt 299 for the listing, which i doubt.[/quote]

Ah – this goes back to my premise I keep stating… Are you buying a place as an investment – to make your money grow? Or are you buying a place to live in, for shelter.

If you rented for 20 years, you wouldn’t make a profit, either.

I’m not suggesting you buy, or not… I’m just not a big fan of buying houses with the idea of selling for profit… too much downside risk in that proposition… If you have a budget for shelter – and buying fits that budget and gets you a decent home… go for it.

[UCGal]

There’s a lead time on getting stuff into print. I think that pretty much explains it all….

[UCGal]

There’s a lead time on getting stuff into print. I think that pretty much explains it all….

[UCGal]

There’s a lead time on getting stuff into print. I think that pretty much explains it all….

[UCGal]

There’s a lead time on getting stuff into print. I think that pretty much explains it all….

[UCGal]

There’s a lead time on getting stuff into print. I think that pretty much explains it all….

[UCGal]

In general you can get a good idea of rental prices by searching craigslist.

My observation is that rents are declining right now and not much “cash flows”.

There’s a lot of distress in the UTC area – 25 trustee sales of condos scheduled in 92122 between now and the end of March. (searched on 92122 and whether it had a unit/apt number to eliminate the south UC single family houses.)

If you can get a screamin’ deal, it could be good -but don’t plan on prices increasing or rents increasing.

Just my opinion.

[UCGal]

In general you can get a good idea of rental prices by searching craigslist.

My observation is that rents are declining right now and not much “cash flows”.

There’s a lot of distress in the UTC area – 25 trustee sales of condos scheduled in 92122 between now and the end of March. (searched on 92122 and whether it had a unit/apt number to eliminate the south UC single family houses.)

If you can get a screamin’ deal, it could be good -but don’t plan on prices increasing or rents increasing.

Just my opinion.

[UCGal]

In general you can get a good idea of rental prices by searching craigslist.

My observation is that rents are declining right now and not much “cash flows”.

There’s a lot of distress in the UTC area – 25 trustee sales of condos scheduled in 92122 between now and the end of March. (searched on 92122 and whether it had a unit/apt number to eliminate the south UC single family houses.)

If you can get a screamin’ deal, it could be good -but don’t plan on prices increasing or rents increasing.

Just my opinion.

[UCGal]

In general you can get a good idea of rental prices by searching craigslist.

My observation is that rents are declining right now and not much “cash flows”.

There’s a lot of distress in the UTC area – 25 trustee sales of condos scheduled in 92122 between now and the end of March. (searched on 92122 and whether it had a unit/apt number to eliminate the south UC single family houses.)

If you can get a screamin’ deal, it could be good -but don’t plan on prices increasing or rents increasing.

Just my opinion.

[UCGal]

In general you can get a good idea of rental prices by searching craigslist.

My observation is that rents are declining right now and not much “cash flows”.

There’s a lot of distress in the UTC area – 25 trustee sales of condos scheduled in 92122 between now and the end of March. (searched on 92122 and whether it had a unit/apt number to eliminate the south UC single family houses.)

If you can get a screamin’ deal, it could be good -but don’t plan on prices increasing or rents increasing.

Just my opinion.

[UCGal]

Add me to the chorus about out of state rentals… We did that with the house my husband owned before we met… What a nightmare. Steady stream of money going out in repairs. Every vacation back there (to visit family) had my husband spending time doing repairs/upkeep.

Never again.

[UCGal]

Add me to the chorus about out of state rentals… We did that with the house my husband owned before we met… What a nightmare. Steady stream of money going out in repairs. Every vacation back there (to visit family) had my husband spending time doing repairs/upkeep.

Never again.

[Author]

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