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Although a few places in SF can rent for that much, almost all of them will not.  The biggest problem here is not that your rent price is inflated for almost all of SF, but rather that you are looking at this only from one angle.  Sure you can find a 800 sq ft place that rent for 4k, but what...

Really bad advice in my opinion.  Currently investment homes in SF will not cash flow and most likely will be cash flow negative.  Keeping a buy and hold investment long term that has negative cash flow will mean you will be losing money month over month for years as you hold the house.  So you...

Redfin shows the home was bought by previous owners in March 2015 for 1,464,500.  If the 200k in upgrades (as described in the listing) was not a part of the purchase price, then these owners probably are down close to 280K.  200k upgrades, 15-20K landscaping, about 70-75k in realtor...

I think this guy works with Ric Edelman.  These guys are the ones who tell their investors to take out a bigt mortgage and to never pay down the mortgage but rather keep refinancing.  I believe the idea is that you use available money to invest rather than pay down debt.  SOmeone please correct...

There is a link that shows the top 20 tax payers in the OC.  TIC is #1 always followed by Disney.  I find it odd that TIC paid 5 million more in taxes in 2012-2013 than it did this last year. 

I would argue that it will be quite difficult to sell out in 5 years with the amount of land available to build on.  Furthermore, when i hear "its the last chance" it really sounds gimmicky and like a sale pitch, especially since there will be many years of new homes being built.  and NO, it...

They are going to lose money on this house...

Like I said before, 1% change in rates is about 10% change in affordability.  In the example you used, its almost 12% bump in the monthly payments.  Trust me, this does not go unnoticed by buyers.  However sellers set the price so price drops will be coming when these homes sit on the market...

Went to EMC on Christmas day.  It was way less crowded than I expected.  Had reservations, came in 10 minutes early and got seated right away.  There were a few open tables actually.  Food was better than most of what I see in Irvine, but the price tag was hefty at $65 dollars a person for the...

My two main concerns in the future are these: 1.  rising rates.  we have had almost 1% increase in rates.  This is about a 10% drop in affordability for the same priced house.  Thus there will be more downward pressure on home prices with rising rates. 2.  new tax plan from Trump.  There was...

Ive been told that opening a new credit card just prior to getting a new mortgage can affect your rates.  Can anyone explain how it would affect your rates, in what situations it would affect rates and how long that effect would last?  For example, If I opened a new card today, would it...

I would never want to live above garages for various reasons, one of them being the heat (as well as cold), as previously mentioned.

good point...  if anyone is looking for a 2.5 million dollar house in Yorba Linda, I have a feeling there will be one on the market very soon...

I wonder if their having business or money issues.  Often times marriages start to crumble with financial stress.  Usually when money is rolling in, times are good for couples...

I short term rentals (not just airbnb) are already banned in Anaheim.  No one will be able to renew their permits and within a year from now, all short term rentals will be illegal.  Owners have been given until next year to stop.  Regardless of what we consider to be the smart thing, there are...

I wouldnt do that.  Anaheim passed a law banning short term rentals.  Airbnb will be dead in anaheim in the near future.

why would it not affect irvine buyers?  Im curious to know what your thought process is. 

Timing is everything.  This same story would have likely turned out horrible if paperboy bought in 2007 and not 2012.  Although today is not like 2007, it is definitely not like 2012. 

Im sure this happens much more often then any agent would like to admit.  I dont expect any agent to admit this as it would be completely agents their code of conduct or even that matter, probably against the law.

My friend is looking at a house.  She was thinking of using the sellers agent as her buying agent also.  What does she need to look out for?  She thinks the selling agent is kinda shady, but wants to use him because she thinks she can get the house for a better deal.