Comments on: Comparative Analysis of 3 U.S. Cities: Contrary to What Your Parents Told You, Not all Bubbles are Created Equally. http://www.doctorhousingbubble.com/comparative-analysis-of-3-us-cities-contrary-to-what-your-parents-told-you-not-all-bubbles-are-created-equally/ How I Learned to Love Southern California and Forget the Housing Bubble Sat, 31 Jul 2010 22:55:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Anonymous http://www.doctorhousingbubble.com/comparative-analysis-of-3-us-cities-contrary-to-what-your-parents-told-you-not-all-bubbles-are-created-equally/comment-page-1/#comment-980 Anonymous Tue, 05 Jun 2007 16:36:00 +0000 http://www.doctorhousingbubble.com/?p=98#comment-980 Hi guys,,,,, Lookout for Lord Edward Davenport at 33 Portland Place London http://www.33portlandplace.com Hi guys,,,,, Lookout for Lord Edward Davenport at 33 Portland Place London http://www.33portlandplace.com

]]> By: Dr Housing Bubble http://www.doctorhousingbubble.com/comparative-analysis-of-3-us-cities-contrary-to-what-your-parents-told-you-not-all-bubbles-are-created-equally/comment-page-1/#comment-973 Dr Housing Bubble Tue, 05 Jun 2007 03:29:00 +0000 http://www.doctorhousingbubble.com/?p=98#comment-973 @real vapid bimbos of oc,<br/><br/>Definitely need a trustworthy team of:<br/><br/>Property Manager<br/>Realtor<br/>Maintenance crew<br/>Lender<br/><br/>This is your circle of success in whatever city you invest in. Anyone planning to invest out of state needs to take a 2 week investigation trip to the prospective location. How is the employment of the area? Prospects for growth? Weather? Rental rates?<br/><br/>These things are all factors but here's the nice thing for you, all this information is either free or very cheap. All it take is a little due diligence on your behalf.<br/><br/>I'm surprised how many people sign for a $500,000 loan not knowing the basic terms of what they have just entered into. Due diligence is vastly under used in my humble opinion. @real vapid bimbos of oc,

Definitely need a trustworthy team of:

Property Manager
Realtor
Maintenance crew
Lender

This is your circle of success in whatever city you invest in. Anyone planning to invest out of state needs to take a 2 week investigation trip to the prospective location. How is the employment of the area? Prospects for growth? Weather? Rental rates?

These things are all factors but here’s the nice thing for you, all this information is either free or very cheap. All it take is a little due diligence on your behalf.

I’m surprised how many people sign for a $500,000 loan not knowing the basic terms of what they have just entered into. Due diligence is vastly under used in my humble opinion.

]]> By: Real Vapid Bimbos of OC http://www.doctorhousingbubble.com/comparative-analysis-of-3-us-cities-contrary-to-what-your-parents-told-you-not-all-bubbles-are-created-equally/comment-page-1/#comment-972 Real Vapid Bimbos of OC Tue, 05 Jun 2007 01:54:00 +0000 http://www.doctorhousingbubble.com/?p=98#comment-972 DHB, how are you handling the property management out of state? Local partners or entrusting a PM firm? DHB, how are you handling the property management out of state? Local partners or entrusting a PM firm?

]]> By: Dr Housing Bubble http://www.doctorhousingbubble.com/comparative-analysis-of-3-us-cities-contrary-to-what-your-parents-told-you-not-all-bubbles-are-created-equally/comment-page-1/#comment-971 Dr Housing Bubble Mon, 04 Jun 2007 21:05:00 +0000 http://www.doctorhousingbubble.com/?p=98#comment-971 Jimmy,<br/><br/>Here is a snapshot of 2000 California data:<br/><br/>Median SFR Price: $211,500<br/>Median Family Income: $47,493<br/><br/>Ratio of 4.4<br/><br/>California price is higher by $90,000 over nation median.<br/><br/>2007:<br/><br/>Median California home: $597,640 according to CAR<br/>Median Family Income: $65,000<br/><br/>Ratio of 9.19<br/><br/>National median home price $212,300. Difference between California and nation, <b>$385,340</b>. The price-to-income ratio has increased over 100% in 7 years. Notice with the DIFFERENCE of our home prices, you can buy nearly 3 homes in other metro areas.<br/><br/>Yes, this is a bubble. Jimmy,

Here is a snapshot of 2000 California data:

Median SFR Price: $211,500
Median Family Income: $47,493

Ratio of 4.4

California price is higher by $90,000 over nation median.

2007:

Median California home: $597,640 according to CAR
Median Family Income: $65,000

Ratio of 9.19

National median home price $212,300. Difference between California and nation, $385,340. The price-to-income ratio has increased over 100% in 7 years. Notice with the DIFFERENCE of our home prices, you can buy nearly 3 homes in other metro areas.

Yes, this is a bubble.

]]> By: socalwatcher http://www.doctorhousingbubble.com/comparative-analysis-of-3-us-cities-contrary-to-what-your-parents-told-you-not-all-bubbles-are-created-equally/comment-page-1/#comment-969 socalwatcher Mon, 04 Jun 2007 20:17:00 +0000 http://www.doctorhousingbubble.com/?p=98#comment-969 Great points, Dr. HB. <br/><br/>I have been to LA, San Diego, San Fran, etc. and see almost the same thing here in Chicago. I see about 5 brand new S-Class Benzes a day here but I think I saw maybe 5 Benzes the whole time in Nashville. No LV, no Chanel, no BEBE...even the pick up trucks and SUV's were modest. They love Suburbans, BTW..and Escalades as HUMMERS were few and far between. <br/><br/>Sure, there are million dollar homes there. These home look like a million bucks set on large wooded lots and simple, southern plantation style. <br/><br/>You know what? The people were nice and pleasant and relaxed. We had alot of fun and never felt out of place or out of our league. No brand envy or conspicuous consumption. <br/><br/>I love SoCal but hate a vast majority the people. There is more to life than working for status symbols because you don't own them, they own you.<br/><br/>(I will still have my beachfront home/studio in Santa Monica someday, though!!) Great points, Dr. HB.

I have been to LA, San Diego, San Fran, etc. and see almost the same thing here in Chicago. I see about 5 brand new S-Class Benzes a day here but I think I saw maybe 5 Benzes the whole time in Nashville. No LV, no Chanel, no BEBE…even the pick up trucks and SUV’s were modest. They love Suburbans, BTW..and Escalades as HUMMERS were few and far between.

Sure, there are million dollar homes there. These home look like a million bucks set on large wooded lots and simple, southern plantation style.

You know what? The people were nice and pleasant and relaxed. We had alot of fun and never felt out of place or out of our league. No brand envy or conspicuous consumption.

I love SoCal but hate a vast majority the people. There is more to life than working for status symbols because you don’t own them, they own you.

(I will still have my beachfront home/studio in Santa Monica someday, though!!)

]]>