Investment or Speculation?
“ CALIFORNIA HOUSING STARTS DOWN 45 PERCENT “ This headline was recently seen from the California Home Builders and it’s is interesting to me because it reminds me of all the people that jump in. They see others doing something, emulate it too late, and “miss” the market. I know I am guilty of this [...]
Why I LOVE the San Francisco Bay Area
Just like a long term relationship, when you’ve lived somewhere for a long time, it’s easy to forget all that you love about it. At least it is for me. I’ve been working on investments in Dallas for a few years now and, although I love Dallas, I have a new appreciation for San Jose. [...]
Declining California Markets
Interesting info I got this morning: This lender has reduced it’s max LTV by 5% for these areas. That means that if you used to be able to borrow $90,000 on a $100,000 purchase, you now need to come up with another $5,000 because they’ll only loan you $85,000. I wonder if 5% is a [...]
More About Short Sales
I have a friend, in the middle of a divorce, that’s liquidating everything. Unfortunately, his investment property, that he bought for appreciation, was underwater and he asked me to help him sell it. It started off like any listing; here’s where we should price it, I’ll put a sign out front, is there a tenant [...]