People borrow against their real estate like they borrow against their stocks when they need cash.
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
People borrow against their real estate like they borrow against their stocks when they need cash.
That's a $700K haircut.
Renters are the worst. They never park their cars in the garage because it's always packed with their crap.
People borrow against their real estate like they borrow against their stocks when they need cash.
GrowthStateofMind
Active member
There’s that saying, no one knows.
Listing description: "Seller Says BRING YOUR OFFER!"
Desperate times... LOL
Desperate times... LOL
Liar Loan
Well-known member
It can be easier to find under priced assets in certain markets making the returns in real estate much higher than the stock market.
Listing description: "Seller Says BRING YOUR OFFER!"
Desperate times... LOL
That's a $700K haircut.
Liar Loan
Well-known member
@ravi there are some other reasons why investing in RE makes sense:
1) Diversification. Historically, when the stock market is struggling, real estate might be doing well. And when real estate is struggling, the stock market might be doing well. The past 25 years of QE Infinity have thrown this off though. Now all assets are highly correlated and tend to rise and fall together.
2) Some people are afraid of the stock market. Real estate is an easy business for anybody to understand and doesn't have the same daily, weekly, monthly volatility of stocks. Just steady rents and steady appreciation over time.
1) Diversification. Historically, when the stock market is struggling, real estate might be doing well. And when real estate is struggling, the stock market might be doing well. The past 25 years of QE Infinity have thrown this off though. Now all assets are highly correlated and tend to rise and fall together.
2) Some people are afraid of the stock market. Real estate is an easy business for anybody to understand and doesn't have the same daily, weekly, monthly volatility of stocks. Just steady rents and steady appreciation over time.
OC RE is all about appreciation - new purchases will never cash flow though a buddy with a house in the Port Streets he bought after GFC for a good price and remodeled told me he can get at least $10K/mo, which would be great cash flow relative to his mortgage payment . I just wonder how sustainable finding social climbing bozos willing to pay $10K/mo is. Plus won’t they be shunned in the hood after being outed as renters?
No body really cares if the next door is rented or owned. At least I dont care.
Liar Loan
Well-known member
Newport Beach has it's own culture though.
YMMV isn’t familiar with coastal California culture - no one wants to live next to renters. I witnessed this actually much worse in the Bay Area. Our street in LN had a few at the end of the cul de sac that rented from original owners, now just 2 left as we’ve had a string of sales over the past 6 months.
Renters are the worst. They never park their cars in the garage because it's always packed with their crap.
CalBears96
Well-known member
Nah, homeowners do that too. That's the main reason we decided to move from Bluffs to Cielo. At least, with SFR, they park in their driveway. With detach condos, everyone parks on the street. There's no space to put the trash cans on garbage days, especially with so many condos sharing the street curbs.
vsfan
Active member
Which leads me to believe 3 car garage should deserve a premium, like view lots?