Comments on: “California home prices still unaffordable”

By: been_there_done_that

been_there_done_that — Wed, 20 Feb 2008 18:28:54 +0000

The landlord “made it work” because he purchased the house pre-1998 and he hasn’t and isn’t going to make any more purchases in the area because it isn’t a sound investment. Same reason our last landlord (before we left the bay area in 2005) sold all of their bay area holdings and cashed out at the top and haven’t purchased any new properties in the bay area since 1994.

Rich dad wouldn’t be able to “get rich” if he started out today as poor dad in the bay area using real estate to build wealth.

By: RealEstater

RealEstater — Tue, 19 Feb 2008 03:30:22 +0000

Rick,

>>I will give you credit for the IBM part, I am sure you’ve made a lot of money this way. Ever heard about the guy going to jail for selling his company’s computers on Ebay? You have pretty good morality I would say. That’s why IBM do background checks.

Not sure what you’re talking about. There are lots of “road warrrior” type jobs — consulting, sales etc. These are completely legit careers that require travel.

Again, the message to those “there’s no way it’ll work” folks is not to be self-defeating. There are real solutions to these common problems. Your landlord made it work, and so can you.

By: rick

rick — Tue, 19 Feb 2008 02:11:20 +0000

RealEstater Says:
February 18th, 2008 at 2:48 pm
…then again there are lots of ways to solve the rental issue. Such as:

1. You can learn how to pick a good tenant.
2. You can figure out how to write up a rental contract.
3. Get a consulting job with IBM Global Services and the like. Let them pay for you to stay at a hotel 5 days a week while you rent out the master bedroom.

Be creative.

______

Oh Mr Conventional Wisdom, you know damn well that these are craps you try to sell to people like they don’t know how it works, like those “no-money-down, buy stressed property” crooks. Sure there are a lot of idiots truly don’t know how it works and listen to people like you, pawning their lifestyle and fortune and think that they are making neccessary sacrifices.

I will give you credit for the IBM part, I am sure you’ve made a lot of money this way. Ever heard about the guy going to jail for selling his company’s computers on Ebay? You have pretty good morality I would say. That’s why IBM do background checks.

By: rick

rick — Tue, 19 Feb 2008 00:07:44 +0000

RealEstater Says:
February 18th, 2008 at 2:43 pm
>>Would you sacrifice your live style for $400?

It is true that if you cannot sacrifice anything in your life even for a short while, it’s pretty tough to get ahead.

_____

It is also true that I can afford that $400.

Some people just don’t get the point. If I am at the point that I need to sacrifice my life style for $400 I can tell I am not being ahead.

By: hedda

hedda — Mon, 18 Feb 2008 23:57:22 +0000

Burbed, that’s what air conditioning is for! I grew up in Iowa, I’m used to HOTTTTTT.

By: RealEstater

RealEstater — Mon, 18 Feb 2008 22:48:38 +0000

…then again there are lots of ways to solve the rental issue. Such as:

Be creative.

By: RealEstater

RealEstater — Mon, 18 Feb 2008 22:43:37 +0000

>>Would you sacrifice your live style for $400?

It is true that if you cannot sacrifice anything in your life even for a short while, it’s pretty tough to get ahead.

By: rick

rick — Mon, 18 Feb 2008 20:19:22 +0000

Burbed, it is true. I was single renter 15 years ago, that time it was 300-400, in San Jose. Now it is still 350-450, in Cupertino you might get 450-500 max. Well I have to admit that 20%+ increase I left out. I am talking about what a single renter can get if they are not picky, just go to bulletins. I double-check with craigslist, it’s does seen that you can get higher with craigslist, maybe 10% higher, but I have ethnicity preference.

I was thinking about subleasing a couple of times in the past, but said forget about it when I realize how low the rent is and see what kind of people are looking. And I have friends that rented out rooms, not fun I tell ya, even though their renters are professionals.

If you want to rent out a room, the best is in SF where there is one complete unit downstairs and you live in a 2 bedroom upstairs. But then you have rent control, and if the guy/gal downstairs is a “musician”, as one of my friend did rent to, you have piano lessons for free, when you are eating dinner.

Point is, it is a pretty big sacrifice.

By: Pralay

Pralay — Mon, 18 Feb 2008 19:00:24 +0000

No, I am not willing to give up any tax break I am entitled to.
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And this is what make you a HYPOCRITE.

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Don’t waste time on the “fairness” argument. If you are a worthy tech person, you ought to switch gear to problem solving mode.
————–

That’s another way to say “I cannot argue on this point, let’s try another way”.

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Here’s the problem statement:

Given Prop 13, 250K tax exemption, deduction of mortgage interest, deduction of property tax, how do you turn these laws to your advantage?

The answer to this question does not require a Masters degree. 4 simple words: Buy a house today!
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Another sales pitch. This is what make you no better than a car salesman. Can you stick to point and debate? Just look at the crowd here. Everybody giving their own opinions – I may agree with some and may disagree with some. But nobody here making sales pitch like you.

By: Pralay

Pralay — Mon, 18 Feb 2008 18:54:54 +0000

You can find your nonsense argument here:
http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/

Quote:
Pralay Says:
February 15th, 2008 at 9:27 pm
…
We are in hitech world and we are restricted to Bay Area. There is no Yahoo in Texas. There is no Google in Ohio. There is no Oracle in Colorado. That’s why we are here.
——————

That’s not nonsense. I made that argument in the context of comparing with doctors. Secondly, I already mentioned that hitech is a very generic word. For example, Tampa bay has many telecom jobs. But that’s not Yahoo.