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drudometkin
2011 Oct 21, 5:49pm
There's some good areas in IE. Upland, most of rancho, parts of riverside and corona.
Katy Perry
2011 Oct 22, 2:17am
I own my own business have two P/T employees live in a 2600 square foot house built in 2002 That I share with three brothers. my rent is $350. I'm flying to SF in two weeks to see a new girlfriend OMG she is so Awesome!!! I may just move there if things keep working out, and I guess I can too. and Today I go to my second Tabla lesson in LA. Last Month I drove to the Bay area for 10 days. I go to yoga classes five times a week here in town also.
So if that's being a Slave to something, sign me the F**K UP for Another year of that!!! YEah YEa!!!!
FuckTheMainstreamMedia
2011 Oct 22, 3:55am
You will never be able to start a business or buy a property. You will always be dependent on someone else for a job and a place to live.
?
He just posted about his own business........
And clearly he's just being hyperbolic with the debt is slavery thing.
FortWayne
2011 Oct 22, 4:38am
Nome is your welfare check late again so you are taking your frustration out here on others? Take advice Nomo, get help or get medicated.
madhaus
2011 Oct 22, 7:37am
Looking at trends throughout the US, exurbs have been hammered. That includes the Inland Empire, which has been hit particularly hard due to insane price increases during the mid-oughties.
Housing near the job centers have kept more value than those requiring long commutes. If you're going to look at buying for investment, ask yourself who your tenant is going to be. Where will they be working that they want to rent that house, and how much could they realistically afford to pay for rent?
What kind of upside potential would you have for this investment? Is the Inland Empire done collapsing yet? Far too many homes were built there, which will push down both prices and rents.
tatupu70
2011 Oct 23, 8:33am
debt is slavery.
There are many good reasons not to buy, but "debt is slavery" is not one of them. It is among the dumbest arguments presented here.
About the same as someone buying so they can paint the walls....
madhaus
2011 Oct 23, 10:20am
There are many good reasons not to buy, but "debt is slavery" is not one of them. It is among the dumbest arguments presented here.
About the same as someone buying so they can paint the walls....
"Debt is slavery" has some truth to it. Just think of it as the flipside of "Pride of Ownership."
Cautious1
2011 Oct 24, 12:16pm
APOCALYPTIC FUDGE is Tony Soprano says
These days, buying in a house in the IE means confronting the near certainty of being murdered and raped by neo-nazi bikers (in exactly that order).
Sir, actually there's a lot of old retired people out there, too. Maybe them's good eatin's for cannibal bikers, or maybe those elderly will vote and fund police services and things. In any event, if the OP can find a cottage in a retirement community around Sun City or fix up a rental in Canyon Lake or lease a house to students attending San Jacinto JC or UCRiverside...he can add to his portfolio. Winchester, Temecula, and the more direct-shot commutes to San Diego are highly rentable. At current prices, he could buy a trailer on an acre for cash and keep horses to play with on the weekends. While tending his potatoes, of course.
There are plenty of places in the I.E., even San Bernardino that are still nice and you can walk the neighborhood in relative safety. I grew up in Devore and bought a house in the Verdemont area of San Bernardino and know my local area well. Houses here are affordable and there are alot of new big box warehouses/manufacturing that are providing employment. The freeway is close and easily accessed and that makes my 20 mile commute a breeze. I'm no investor so take my experience with a grain of salt. For those however who are talking like the I.E. is one step out of hell, I'd imagine they are the type to spook easily and trust in their alarm systems and 911 to protect them.
Cautious1
2011 Oct 24, 12:51pm
Postscript: You could also just buy stock in SNH:
http://www.investorplace.com/2011/09/senior-housing-reits-snh-vtr-hcn/
FortWayne
2011 Oct 25, 12:14am
APOCALYPSEFUCK is Tony Manero says
It's CASH or FUCK YOU, America!
These days, buying in a house in the IE means confronting the near certainty of being murdered and raped by neo-nazi bikers (in exactly that order). Ten years from now, buying in a house in the IE means confronting the near certainty of being murdered and raped and eaten by neo-nazi tribes of nomadic cannibal hunter gatherers.
Thats why I love reading this site.
I live in L.A. and have spent the last year trolling for a rental prop in Vegas. Tons of wasted time & money, and only one property to show for it. Would like to have something much closer to home, but don't care for Lancaster/Palmdale. Wondering, from the many here who are much wiser and experienced, is there ANYTHING or ANYWHERE in the Inland Empire worth checking out? Or is 909 too scary for a multitude of reasons? Are there any bright lights there??? Thanks in advance.... :)