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Originally Posted by AllStar
Yep always the safest and surest way to make money. Just has to be the right house and financing on the property. However remember two things the guys selling the mortgages don't care about you so they want to sell you a mortgage so they collect a commision, no matter if you can afford it or not.
and second right now housing in general is overpriced in comparison to wages.
especially in the large markets.
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Well said! Now here's the warning:
DO NOT BUY ANYTHING IN CALIFORNIA UNTIL ONE YEAR AFTER THE NEXT EARTHQUAKE.
Why? Because if the next quake is a 6.0 and above it'll scare enough people to haul ass. Prices will drop like a rock too. Now if within one year another quake that magnitude hits you can forget it. The reason is because service here is so jammed up with illegals that during a disaster your chances of receiving 'fair service' by the state and federal government is drastically cut. It's not blaming the illegals it's just that's the way it is. So much money and resources allocated to the populace not based on the alternate populace.
After the first quake buy shit up. Wait on it as it will eventually grow to where it was UNLESS one or more quakes occur within a short period of time.
It's like people in Florida. The Disaster State. The insurance there is going through the roof. Figures don't it? Friend told me today it was over $4k for homeowners insurance there.