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i blame cheap easy money & low interest rates. the fed made both available to counter deflation. unfortunately the side-effect is housing prices increases [affordability at multi-decade high] and we also get inflation.

probably true. with the US government upto its eyeballs in debt, the Federal reserve is printing money around the clock. whenever you print money around the clock you get inflation and also the dollar devalues, which it has. Bernake also stated a couple of years ago that we would be...

great site!!! i started drooling as soon as it came up!

isn't the job market taking a beating there? also whats the vacancy rate like? i know quite a few californian investors there already.

yes i was there last summer. I'm doing several pre-construction deals in boise. returns are not bad, but then i'm still not very impressed with the fundamentals. for starters there is a terrific amount of vacant land available. this will cap the amount of appreciation since if things get...

haha. thats what a lot people who need to start a family will do. MOOOOVE.

http://www.benengebreth.org/housingtracker/location/Florida/Orlando/ looks like its on a downward trend. inventory is increasing while prices are decreasing. unless its something you're comfortable staying in for the next 10 years i'd think about selling it. of course i am not an expert...

you're preaching to the choir. http://moneyshaker.blogspot.com/2005/10/real-estate-forecast-in-california.html http://moneyshaker.blogspot.com/2005/10/understanding-real-estate-market.html

you're right people are fleeing CA. http://moneyshaker.blogspot.com/2005/11/high-home-prices-causing-californians.html

he's not making enough money to even pay for the mortgage. his take home pay is 3.5k. assuming he doesn't pay taxes, after a 2.4k mortgage payment he's left with 1,100 for food, utilities, gas, insurance, car payments and saving for his kids college. he probably won't be paying any taxes with...

you need to tell us where your house is. RE markets are local not national.

i live in Socal. its far cheaper to rent than own by 45%. Since the highest tax bracket is 35% it makes more sense to rent. I sold my condo, pocketed 100k and am renting it back for $100 over my mortgage. I'd rent 100k at $100/mo anyday of the week! my new landlady is negative several...

This people aren't growth investors. they're speculators. I'm guilty of this myself. but i have a small section of my "portfolio" dedicated to such high-risk investments. I put down a few thousand and if by the time the house is ready, if its appreciated to a point where i can quickly sell...

yeah thats not a real good example. i just closed on 2 homes in indiana. built in 1998, 4/2/2 approx 1600 sq ft at 100k each. rent out for 1050. the insurance quote for replacement value is 135k so its undervalued from that aspect. there are 3 types of investors: 1. value - who buy...

Real Estate is not a national market. its a local one. however markets that are close by have some effect on each other. historically whenever California gets too expensive, people flock to neighboring states like Utah, NV, AZ. However this time, NV and AZ are already too expensive. So my bet...

ok. so what else you got?

gotta thank kiyosaki for getting me started in options and real estate. he more of a motivational speaker though. and john t reed is just bitter that he isnt as famous as some other guys. and his attacks against russ whitney are personal and not very helpful. 3 years ago i used to listen to...