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Posts by LA Guy

This, but next time, I'll be sure to include a sarcasm meter.
Maybe stop making the poor life choices that make you poor (or not affluent enough.)
This is terrific.  On the front page again, dammit.
Very different styles.  The Johnsons/Honourmark jacket will be more of a fashion jacket, but a Vanson has a very cool, distinctive look.  Really boils down to personal preference.
 Generally, renting a place out for a year is not a full time job, but it can be, depending on the tenants, and it's a mistake to think that you'll get model tenants. A house is a wierd ass investment, in that it is tied inextricably to where you are physically located and your means.   Also, the possible rate of return is wired into your your interest rate.  For fifteen or thirty years.   Even with a really good rate, and assuming a good deal of money down so that you are...
This is absolutely a consideration.  And it's not "cali", it's San Francisco specifically, and some of the more desirable counties elsewhere, like Marin.  But it doesn't take too many BART stops to hit places where people are still underwater and where house values continue to decrease. So, yes, if you have a big cushion and are the market for million dollar houses/apartments in really desirable areas, then buying is probably a good idea.  For more typical Americans,...
The "rent it out" scenario is much harder than it seems.  Apart from the difficulty of getting someone into a place that is also for sale, and the general undesirability of month-to-month leases and the client they attract, it's a full time job.  I have a friend (an ex landlord of mine, hah!) who owns over 50 properties in the Boston area, and is extremely successful.  He did it by having a small crew and being able to do a lot of the work himself (he was previously a...
An extremely long term investment and generally highly non-liquid asset.
Again, this is speaking from a position of relative privilege.   Even if they could somehow manage to pay the mortgage and property taxes, a lot of people wouldn't even be approved for a loan in ANY desirable area, which is where the appreciation will always be.
This is simply not true.  There are plenty of areas in California that have never recovered from the housing crash and most likely, never will.  Just go to the East Bay and check it out.  It seems to be true for highly desirably areas in major metropolitan areas, but you are a pretty affluent person to be able to buy in San Francisco.  Even in Marin, which is relatively inexpensive, and is a super zip, the median house price hovers around $900K.  That is simply out of...
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