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4
clambo
@
2018 Aug 20, 6:20am
The top of the bubble maybe has become a plateau for a while at least.
My friend sells in Santa Cruz County and puts stuff on Facebook (free advertising).
I saw one for quite a while on there, and she has added verbiage extolling its virtues as a "good investment" "rental property" and other absurd nonsense.
Doing the math one would make 4% of so if one paid $1/2 million cash for the tiny place. She can't do the math or isn't interested.
I get a chuckle out of the stuff she and other sales hucksters say: houses are "homes" and they're all either "good investments" or "good homes".
With the new tax laws in California, houses are a lousy investment today because you will get screwed if you later want to sell it for a capital gain.
My friend sells in Santa Cruz County and puts stuff on Facebook (free advertising).
I saw one for quite a while on there, and she has added verbiage extolling its virtues as a "good investment" "rental property" and other absurd nonsense.
Doing the math one would make 4% of so if one paid $1/2 million cash for the tiny place. She can't do the math or isn't interested.
I get a chuckle out of the stuff she and other sales hucksters say: houses are "homes" and they're all either "good investments" or "good homes".
With the new tax laws in California, houses are a lousy investment today because you will get screwed if you later want to sell it for a capital gain.
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Has hell frozen over or is something cooking?
Over the last several years, absolutely everything put on the market here has sold immediately after the first open house.
Please Discuss