Recent content by hello

https://www.redfin.com/CA/Irvine/14-Saintsbury-92602/home/5858183 dropped 130K in a year and half. https://www.redfin.com/CA/Irvine/6-Hibiscus-92620/home/5769791 60K in 8 months.

Why would you buy a cash flow negative house to rent out?

or it can just be crazy again like 2006

People dont drive in NYC, Tokyo.  (cant say about Shanghai).  And yes people live in Irvine in part due to convenience.  You never have to leave Irvine if you dont want to. 

Wasnt there a thread here that had a list of recommended contractors and vendors?

This is true.  We have all been duped.  Irvine sucks.  We should all sell and get out.

yeah they are smarter.

So when someone says it sounds "very YF-like", what does that imply? 

Wow that actually looks like it will cash flow.  FInd me another one like that so I can buy it.  LOL

Unfortunately the history of EPA makes it difficult for me to believe or trust them to do the right thing.  Flynt Michigan is an example of how the EPA tried to cut costs to avoid corrison controls and then chose to do nothing for months knowing full well lead levels were extremely high and...

I would love to see anyone link a house that truly cash flows in the OC at 20% down.  I find that people often miscalculate cash flow because they do not account for things properly such as vacancy, maintenance, taxes, borrowing costs, insurance and even PM fees.  If you throw in opportunity...

Then stop looking in OC. 

Worst drivers I see in Irvine are actually not Asians.  True there are many asians that do not drive well.  Unfortunately for them it is a lack of driving skills.  I would not consider that lack of proper etiquette.  Truly bad driving etiquette is typically seen with younger while males who...

You should factor in opportunity costs(which favor renting) and equity build up (favoring buying) into this as well.  The total equity accrued in the first five years would be a little over 100K.  If we assume the housing market and the stock markets keep doing what they have been doing lately...

It may be the iphone X, the BMW, the red bottoms, but it aint no A5 grade Japanese Black Wagyu.  Thats Newport Coast... LOL