Comments on: Special Edition: Real State of Genius: Today we Salute you California with Our Real Home of Genius Award! 10 Homes throughout the Golden Bubble State. http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ws http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-46160 ws Fri, 19 Mar 2010 19:31:47 +0000 http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-46160 If you were familiar with SoCal real estate than you would know that most people don't chose to live in most of the city's presented here. I have lived in Orange County, Inland Empire and now LA county. You have to be so careful when looking to rent. Most of the locations presented in Southern California in this article are not areas people want to live in. Stockton, Compton and Santa Ana are city's that depending on your ethnicity - you don't live there. And I'm not picking on one race over another. I have many friends of many different racial backgrounds and they all will tell you who they wouldn't live around. Another thing, the rental prices may look good to you for the areas but to get the rent paid you are going to end up with multiple people living there and at the very least you will have heavy wear and tear on the property. Like I said, I'm a renter but have been very involved in helping friend manage their rental properties and have seen the best and worst that renter will do. One tenant didn't pay their electric and water and ended up stealing water and electricity for months, I know this because I watched them steal water pumps and go into their electrical boxes and rig the electricity. They also threatened other neighbors with violence. The crazy thing is that the neighborhood this happened in wasn't like anything like any of the properties mentioned here. The homes were in a newer community - less than 10 years old and they were much larger, nicer homes. It can happen anywhere, I understand.... If you were familiar with SoCal real estate than you would know that most people don’t chose to live in most of the city’s presented here. I have lived in Orange County, Inland Empire and now LA county. You have to be so careful when looking to rent. Most of the locations presented in Southern California in this article are not areas people want to live in. Stockton, Compton and Santa Ana are city’s that depending on your ethnicity – you don’t live there. And I’m not picking on one race over another. I have many friends of many different racial backgrounds and they all will tell you who they wouldn’t live around. Another thing, the rental prices may look good to you for the areas but to get the rent paid you are going to end up with multiple people living there and at the very least you will have heavy wear and tear on the property. Like I said, I’m a renter but have been very involved in helping friend manage their rental properties and have seen the best and worst that renter will do. One tenant didn’t pay their electric and water and ended up stealing water and electricity for months, I know this because I watched them steal water pumps and go into their electrical boxes and rig the electricity. They also threatened other neighbors with violence. The crazy thing is that the neighborhood this happened in wasn’t like anything like any of the properties mentioned here. The homes were in a newer community – less than 10 years old and they were much larger, nicer homes. It can happen anywhere, I understand….

]]> By: Alex http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-25038 Alex Fri, 26 Sep 2008 10:26:07 +0000 http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-25038 I live in Buffalo, New York. FYI : We are doing great during this recession/depression/collapse. Real estate prices have NOT fallen in Buffalo. The average house here sells for about $110,000. which is a 3 bedroom, 1&1/2 bath, with a decent sized yard. Also : there are NO TRAFFIC JAMS HERE. We are 10 minutes from the Canadian border. AND OUR WEATHER IS MUCH BETTER THAN CALIFORNIA, FLORIDA, OR TEXAS. We have 4 nice seasons, and never have a hurricane, flood, wildfire or earthquake. Oh, and also we have the largest fresh water supply on earth. Move to Buffalo. It is the best. Thanks Alex I live in Buffalo, New York.
FYI : We are doing great during this recession/depression/collapse. Real estate prices have NOT fallen in Buffalo.
The average house here sells for about $110,000.
which is a 3 bedroom, 1&1/2 bath, with a decent sized yard.
Also : there are NO TRAFFIC JAMS HERE.
We are 10 minutes from the Canadian border.
AND OUR WEATHER IS MUCH BETTER THAN CALIFORNIA, FLORIDA, OR TEXAS. We have 4 nice seasons, and never have a hurricane, flood, wildfire or earthquake. Oh, and also we have the largest fresh water supply on earth.
Move to Buffalo.
It is the best.
Thanks
Alex

]]> By: Misha http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-7780 Misha Sat, 09 Feb 2008 08:55:13 +0000 http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-7780 I may not be able to sleep tonight after reading this post. I knew CA had it bad, but this is rank. Even so, I really can't see charging $200K for that doghouse in Riverside. These people need to wake up. I may not be able to sleep tonight after reading this post. I knew CA had it bad, but this is rank. Even so, I really can’t see charging $200K for that doghouse in Riverside. These people need to wake up.

]]> By: third-gen-cali http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-5770 third-gen-cali Mon, 14 Jan 2008 23:31:47 +0000 http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-5770 Jo Jo, Truth is, I rent a 2500 sq foot House (4 bed/3 full baths) in Hermosa Beach (one of the prime beach communities in So Cal) for $2200/mo. It's a beautiful home, and I can walk to the beach. What a joke to pay $2500 for a 692 sq foot shack in Santa Monica...it's all the same sand and the same ocean! The problem is, most transplants come to Cali and get hypmotized by the glamor and glitter of it all, then seem to lose thier senses. Why you would ever buy this house is besides me. In the end, there's gonna be some half-off bargains from San Ysidro to Redding after this senseless runnup deflates! Just look at the data! P.S. Those that don't study history are doomed to repeat it. (Global Recession in the mid-70s, Cali Real Estate Demise in the 90s, Florida Real Estate crash of 1927, etc.) Jo Jo,

Truth is, I rent a 2500 sq foot House (4 bed/3 full baths) in Hermosa Beach (one of the prime beach communities in So Cal) for $2200/mo. It’s a beautiful home, and I can walk to the beach. What a joke to pay $2500 for a 692 sq foot shack in Santa Monica…it’s all the same sand and the same ocean! The problem is, most transplants come to Cali and get hypmotized by the glamor and glitter of it all, then seem to lose thier senses. Why you would ever buy this house is besides me. In the end, there’s gonna be some half-off bargains from San Ysidro to Redding after this senseless runnup deflates! Just look at the data!

P.S.
Those that don’t study history are doomed to repeat it. (Global Recession in the mid-70s, Cali Real Estate Demise in the 90s, Florida Real Estate crash of 1927, etc.)

]]> By: joey jo jo http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-5275 joey jo jo Wed, 09 Jan 2008 03:11:48 +0000 http://www.doctorhousingbubble.com/special-edition-real-state-of-genius-today-we-salute-you-california-with-our-real-home-of-genius-award-10-homes-throughout-the-golden-bubble-state/#comment-5275 I don't see a major problem with #9. A 6-6.5% 30Y fixed mortgage with 20% down (typical for the old days and any responsible person these days) would be paying about $2800, after tax-benefits. Similar rent is $2500. Rents are only going up with so many people displaced from real estate. Its not a GOOD deal, but not a bubble if in fact similar rents are $2500. I don’t see a major problem with #9. A 6-6.5% 30Y fixed mortgage with 20% down (typical for the old days and any responsible person these days) would be paying about $2800, after tax-benefits. Similar rent is $2500. Rents are only going up with so many people displaced from real estate. Its not a GOOD deal, but not a bubble if in fact similar rents are $2500.

]]>