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Hedge fund no longer wants to be landlord
By DaveM_Renter in San Clemente CA 92673 14 comments, latest 7 months ago:
Goran_K says What? You mean rents can't rise above incomes without adverse effects on landlords? |
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Half of local FHA borrowers made $100,000-plus [OC-Register]
By DaveM_Renter in Santa Monica CA 90402 9 comments, latest 1 year ago:
so let me get this straight... these people are making $100,000-150,000/yr but can't afford more than a 3.5% downpayment? Isn't that a huge red flag right there? I mean, upfront MIP itself on a $700,000... |
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3206 ANNE Cir #120 Huntington Beach, CA 92649
By DaveM_Renter in Huntington Beach CA 92649 1 comment, latest 1 year ago:
DaveM_Renter says Not worth more than $400k based on rents for equivalent units. So selling at $475K means $75,000 just for the joy of calling it "mine". That's an expensive warm fuzzy feeling. |
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More Million Dollar OC Dream Homes in Foreclosure
By DaveM_Renter posted 1 year ago:
4 Million Dollar Auction next to Nixon's Western White House: http://www.redfin.com/CA/San-C http://4055CalleIsabella.com/ 9.5 Million Dollar Bankruptcy Court Sale: http://www.redfin.com/CA/Coron |
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Coastal OC buying frenzy?
By DaveM_Renter 4 comments, latest 1 year ago:
PockyClipsNow says Takes 2 years to foreclose. Also all those federal loan mods are basically permanently removing inventory by making those loan owners(and land lords now) to be on what is essentially S-8 for loan... |
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55% Haircut in Huntington Beach
By DaveM_Renter 15 comments, latest 1 year ago:
everything says We have condo's, near where I work for 60k now. They are the ones hawked for probably 120k at one time. The location though, is literally right above the interstate, down wind, only... |
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$4.5 Million versus $7000/month - buy for 54x yearly rent?
By DaveM_Renter posted 1 year ago:
Who would buy a house for $4.5 Million if they can rent the place for only $7k? Even at half price this place would be a poor investment, especially considering that you're only inches away... |
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