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This is not the best rule. Buy things you plan to use long term and frequently, and rent things you plan to use short term or infrequently.

I've already answered this question for you. You just don't remember. I live in Irvine, in the home your parents bought for you, rent free, inside your head.

Did you pay less than 30k?

That's not true. Some markets are down, but most are up and Orange County is the #1 market for appreciation right now. Case-Shiller: National House Price Index Up 6.3% year-over-year in April Orange County rises to No. 1 home-price gains in US on high-end rush Overall, Orange County...

There is no hard and fast rule that says we can't discuss Irvine in the General Real Estate thread. I can point to multiple people that testified they saved money by waiting. You can point to zero people that said they lost money by waiting, but in your mind that counts as "many more others".

I told people not to buy in Irvine once it had peaked in 2018. The few that listened like Kenkoko saved six-figure sums. And no, I did not go against that advice by buying in Irvine myself.

Another creeper wants to know where I live. What does everybody think? Should I hand out my address to this well-adjusted guy?

That owner was a mediocre investor to begin with, so this was inevitable. They purchased in late 2017 right before Irvine went into a 3-year slump from 2018-20. They rented the property out for $4,800/mo according to the Redfin property records, which means they were negative cashflowing at...

Gas prices are drifting down and now fast food is getting cheaper! Maybe the corporations have stopped being greedy for now.

“When the wave breaks here, don’t be here. Or you’re gonna get drilled…” – Turtle

@morekaos There is more volatility in that heat wave index pre-1960 than there is post-1960, even if you ignore the massive spikes in the 1930's. From 1955-1980 there are almost no heat waves to speak of.

Yes, but it was a mostly peaceful insurrection. There were no weapons and lots of selfies taken.

I see, you're looking at it through the lens of what would be best for the party. The way I see it is her most valuable asset is her brand. If she runs for President, not only does her earning power come to a sudden halt, but her post-Presidency brand value is at risk of being less than it is...

I hear this prediction about Michelle Obama all the time, but I don't get it. Why would she give up reaping millions of dollars as a former first lady and a very easy lifestyle for the hardships of being a President? There's nothing really to gain.

This is what happens when you don't live in a gated community. 2 women are brutally attacked on Venice Canals, focusing debate on crime, homelessness https://www.msn.com/en-us/news/crime/2-women-are-brutally-attacked-on-venice-canals-focusing-debate-on-crime-homelessness/ar-BB1oqJRc

More facts from that bastion of conservative news KTLA5: A spokesperson for In-N-Out confirmed to KTLA sister station KRON that the recent price hikes are directly related to the new minimum wage rate but did not say exactly when the new prices were implemented...

This comment reminds of the time Bernie Sanders said bread lines in the USSR were a good thing because it meant people were eating.

If you are asking will this be good investment? My answer is no. Condos in that zip code have gone nowhere since March 2022 when the Fed started rapidly increasing interest rates. Adjusted for inflation, home prices have been a big loser. If you are asking will this be a fun thing for my...

Ok, they just happened to raise prices the day the minimum wage hike went into effect.