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    Declining Rents

    For sure, the wears and tears on rental is substantially higher than owner occupancy. Renters, for the most part will not take care of the house like you would have if you live there. That is why at least, an annual walk through is a must. Particularly, if you have a tenant that are long term...
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    How high will mortgage rates climb in the next 36 months?

    Good points. The other locally here and still advert on tv, SellerAdvantage.com still running their ads to buy at no inspections, no fixes from home sellers. I wonder how long they will continue.
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    Housing Analysis

    What is this? Shit on Liar Loans Friday? The world is going into depression, yoh! 😀 There is bigger things happening.
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    Declining Rents

    @CAL, now I know for sure you owned and operated rental properties. LL, he demonstrates he never have any experience in owning a rental, much less running it. And to give advice when to buy and when to sell from Liar Loans carry no weight. The best thing to do during high inflation and high...
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    Bay area grid strain

    Switzerland?s Environment Minister Suggests People Shower Together to Save Energy Simonetta Sommaruga, 62, suggested that people ?turn off the computer when you don?t need it, or turn off lights, or shower together? as part of her measures promoting a 15 percent reduction in energy consumption...
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    How high will mortgage rates climb in the next 36 months?

    https://www.google.com/amp/s/www.cnbc.com/amp/2022/09/20/fed-should-hike-interest-rate-rates-150-basis-points-wells-fargo.html Talk about being hawkish. A monster of a move. https://youtu.be/UG3VcCAlUgE
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    In that case, I want a bad-ass recession. Well, from what I hear, and following, we are in a recession. It need to get a lot more worse than now, to see the FED pivot. Can the FED pivot with all of what little credibility they have left? Powell, is priced to raise at least 75 this Wednesday, I...
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    This is what WTF price is, for sure. Only if rate crater back to sub 3 %, then,....maybe,,,,,maybe not. Yeah, we ain't gonna see that 3 % in my life time. Timing the market and rent for price to crater, might have to wait an aweful long time.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    I would love to be trapped in few more of those 3%. I will go on record here that I will never see 3 % again in my life time. And I got 60 more years to live.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Rates ratching up fast and hard, I don't expect open house to have swarms of buyers like we did during the boom. If you have anyone showing now, those are your serious buyers. This is good to have non-investors hovers around. On the hand when you see Opendoor listing, it is a sure bet that the...
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    INFLATION IS OUR FRIEND

    Load up on I-Bond. The U.S. dollars wrecking ball even crush shiny metals.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Remember, homeowners are NOT stock trader. Flippers on the other hand is toast. We all need a roof over our head, even the homeless seek shelters. 😀
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    How high will mortgage rates climb in the next 36 months?

    Anyone hold fixed or long term adjustable rate  at or below 4% is a winner. The real asset is the notes in this environment  :) :) :).
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    INFLATION IS OUR FRIEND

    When oil prices were in free-fall in 2020 the previous administration wanted to "fill up" the SPR. Senator Schumer called it a "bailout for big oil." Imagine today it feels like a missed buying opportunity...
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    Anyone know a good real estate lawyer?

    Cold feet or your financial situation changes for better/worse, and can?t buy? If you can demonstrate financial hardship, you can walk away with your deposit.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Think US home prices are high? At least we aren?t Canada The average home in Canada is nearly nine times household income. https://www.housingwire.com/articles/think-us-home-prices-are-high-at-least-we-arent-canada/ This is the reason why IHO stop thinking about moving to Canada. :-)
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    Global Recession?

    Europe will have a Lehman moment of energy crisis similar to our 2008 financial crisis any day now. Ruskies is taking a page from our playbook and apply it where it hurt most in Europe, western countries. It will undoubtedly spread abroad and U.S will be the last man standing until further...
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    Skylark 2 - Great Park

    Nothing speaks better than black and white, as in writing on official offer. A deal strike in the sale office must be deliver to a prospective buyer in a formal letter. This letter will be use in your price reduction to your lender final pricing. Builder sale agent under pressure and eager to...
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