Anyone buying Properties in California?

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  • Semi-Retired-Dave
    Too lazy to set a custom title
    • Apr 2004
    • 11190

    #1

    Anyone buying Properties in California?

    I know the market has slowed down, and there is a lot of inventory, but how low do you think it will go this round?
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  • Just_Dave
    Its almost time
    • Dec 2002
    • 13009

    #2
    i baught a few in the last month

    Comment

    • Semi-Retired-Dave
      Too lazy to set a custom title
      • Apr 2004
      • 11190

      #3
      Originally posted by Just_Dave
      i bought a few in the last month
      Nice, congrats.
      I see townhouses and condos going for really cheap. Just not sure how much more they are going to drop.
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      • Big_Red
        Confirmed User
        • Jun 2006
        • 4147

        #4
        two houses here. the market ground to a halt. good buyers market now, you can find some good deals. the people next to me sat on their house for half a year then had to drop the price big time to get out of it.
        60% Revshare.
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        • squishypimp
          PostMaster General
          • Aug 2006
          • 10781

          #5
          I wish I was!

          Comment

          • Ace_luffy
            www.creationcrew.com
            • Feb 2005
            • 12167

            #6
            wow... buying properties is best investment....


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            • Just_Dave
              Its almost time
              • Dec 2002
              • 13009

              #7
              Originally posted by CyberAge-Dave
              Nice, congrats.
              I see townhouses and condos going for really cheap. Just not sure how much more they are going to drop.
              depends where you are looking at

              Comment

              • wdsguy
                Ryde or Die
                • Dec 2002
                • 19568

                #8
                Originally posted by Just_Dave
                i baught a few in the last month
                were they near SD?

                Comment

                • Just_Dave
                  Its almost time
                  • Dec 2002
                  • 13009

                  #9
                  Originally posted by wdsguy
                  were they near SD?
                  no near highland park and glendale

                  Comment

                  • Jen55
                    Confirmed User
                    • May 2004
                    • 250

                    #10
                    We just bought one in Alhambra! Love living in LA :P
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                    • GTS Mark
                      Vrume Mark
                      • Jan 2001
                      • 20912

                      #11
                      We just closed on a duplex we bought up here in Canada... We put an offer in on a commercial property today and am in the midst of selling a ski chalet we own.

                      Lots of cool stuff happening up here in the great white north

                      DH

                      Comment

                      • SiMpLe
                        Confirmed User
                        • Feb 2002
                        • 3221

                        #12
                        I've been shopping for the last two weeks and its still to much buck for your bang so I'm still holding out (unless something phat hits mls of course) - Condo's and townhouses are for sure way down but I'm looking for a pad thats not attached to anything for once.
                        Sean Holland
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                        • SiMpLe
                          Confirmed User
                          • Feb 2002
                          • 3221

                          #13
                          Whoops forgot to add I'm also shopping in Valencia so it was never cheap to begin with hehe

                          I'm sure there are solid deals in the valley or LA
                          Sean Holland
                          Vice President
                          OrbitalPay / Global Electronic Technology (GET)
                          SKYPE: iam.sean ::: sholland at orbitalpay.com
                          888-775-1500

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                          • aico
                            Moo Moo Cow
                            • Mar 2004
                            • 14748

                            #14
                            No, but there are rumors of some unknown real estate tycoon buying up all the worthless land east of the San Andreas Fault.

                            Comment

                            • Just_Dave
                              Its almost time
                              • Dec 2002
                              • 13009

                              #15
                              Originally posted by SiMpLe
                              I've been shopping for the last two weeks and its still to much buck for your bang so I'm still holding out (unless something phat hits mls of course) - Condo's and townhouses are for sure way down but I'm looking for a pad thats not attached to anything for once.
                              ht me up on icq 178557875

                              Comment

                              • Pornwolf
                                Drunk and Unruly
                                • Jan 2002
                                • 22712

                                #16
                                The market is tied to the interest rate now. When you hear hints of it dropping again you know it's time to buy... quickly.
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                                Webair, bitches.

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                                • UniversalPass Pete
                                  Confirmed User
                                  • Dec 2004
                                  • 7368

                                  #17
                                  Nothing in a while bro!


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                                  • colpanic
                                    Confirmed User
                                    • May 2004
                                    • 1007

                                    #18
                                    I've been looking for condos in downtown SD for awhile now. Everything is down at least 50k, and some are starting to drop 100k, but I don't think it's done falling yet.

                                    The rent to mortgage ratio is so screwed up right now that without the crazy growth it doesn't make sense for a lot of people to buy in. My rent is $1200/month down town... a condo next door would have me paying 3500/month. Even with the tax breaks, that blows in a decline, or even flat growth scenerio.

                                    That being said, I'll probably buy around the end of the year if I can find something I like in Little Italy or East Villiage. I think it's a good time to buy in the place you really want to be.

                                    -T
                                    I like ducks.

                                    Comment

                                    • DaddyHalbucks
                                      A freakin' legend!
                                      • Feb 2004
                                      • 18975

                                      #19
                                      The market will go down further. Alot further. I would wait.
                                      Boner Money

                                      Comment

                                      • wdsguy
                                        Ryde or Die
                                        • Dec 2002
                                        • 19568

                                        #20
                                        Originally posted by colpanic
                                        I've been looking for condos in downtown SD for awhile now. Everything is down at least 50k, and some are starting to drop 100k, but I don't think it's done falling yet.

                                        The rent to mortgage ratio is so screwed up right now that without the crazy growth it doesn't make sense for a lot of people to buy in. My rent is $1200/month down town... a condo next door would have me paying 3500/month. Even with the tax breaks, that blows in a decline, or even flat growth scenerio.

                                        That being said, I'll probably buy around the end of the year if I can find something I like in Little Italy or East Villiage. I think it's a good time to buy in the place you really want to be.

                                        -T

                                        Hah same situation except I kinda wanted something near la jolla

                                        Comment

                                        • sleeves
                                          Confirmed User
                                          • Jul 2005
                                          • 324

                                          #21
                                          I've been looking at loft's and apartments here in San Francisco and havent noticed a price drop. On the other hand a friend of mine just bought a condo in San Ramon (east bay) and only paid $400k. Thats pretty inexpensive for that area, the problem is then you have to live there.
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                                          icq: 202-550-839

                                          Comment

                                          • SAM SIYC
                                            Confirmed User
                                            • Apr 2005
                                            • 999

                                            #22
                                            buy south!!!
                                            if you're looking for an investment, the place to buy is Costa Rica!
                                            the place is booming like crazy, prices are on the rise!

                                            got 45 VERY luxurious units, beachfront, full ocean view.
                                            12 of these, the elevator opens up in your penthouse.

                                            great investment, units are renting for min. USD$450/night in the low season with an estimated occupancy rate of 70%.

                                            Hit me up for more info


                                            P.S: these units are not selling for cheap but you can make easy money on fast resale! Costa Rica is the booming market of the American continent!
                                            SEXinyourCITY
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                                            • Vendzilla
                                              Biker Gnome
                                              • Mar 2004
                                              • 23200

                                              #23
                                              selling my house in Shasta Lake california, then buying a house near the new job.My brother can get a discount on some new houses because he pours their concrete, could save me like 3% on a 400k house
                                              Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                              think about that

                                              Comment

                                              • Jamie
                                                Confirmed User
                                                • Apr 2001
                                                • 2517

                                                #24
                                                There are a lot of good buys in LB, the cheapest socal coastal city you can buy.
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                                                • Semi-Retired-Dave
                                                  Too lazy to set a custom title
                                                  • Apr 2004
                                                  • 11190

                                                  #25
                                                  Originally posted by IwantU SAM
                                                  buy south!!!
                                                  if you're looking for an investment, the place to buy is Costa Rica!
                                                  the place is booming like crazy, prices are on the rise!

                                                  got 45 VERY luxurious units, beachfront, full ocean view.
                                                  12 of these, the elevator opens up in your penthouse.

                                                  great investment, units are renting for min. USD$450/night in the low season with an estimated occupancy rate of 70%.

                                                  Hit me up for more info


                                                  P.S: these units are not selling for cheap but you can make easy money on fast resale! Costa Rica is the booming market of the American continent!
                                                  Nice, do you live there or do you have management doing everything?
                                                  Support a Good Cause

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                                                  • CyberAgeGary
                                                    Confirmed User
                                                    • Jul 2004
                                                    • 2869

                                                    #26
                                                    Originally posted by Jamie
                                                    There are a lot of good buys in LB, the cheapest socal coastal city you can buy.
                                                    Laguna Beach?
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                                                    • wedouglas
                                                      So Fucking Banned
                                                      • Aug 2004
                                                      • 5921

                                                      #27
                                                      Originally posted by IwantU SAM
                                                      buy south!!!
                                                      if you're looking for an investment, the place to buy is Costa Rica!
                                                      the place is booming like crazy, prices are on the rise!

                                                      got 45 VERY luxurious units, beachfront, full ocean view.
                                                      12 of these, the elevator opens up in your penthouse.

                                                      great investment, units are renting for min. USD$450/night in the low season with an estimated occupancy rate of 70%.

                                                      Hit me up for more info


                                                      P.S: these units are not selling for cheap but you can make easy money on fast resale! Costa Rica is the booming market of the American continent!
                                                      How cheap is, "not selling for cheap?"

                                                      Comment

                                                      • UniversalPassLorence
                                                        Confirmed User
                                                        • Dec 2004
                                                        • 3721

                                                        #28
                                                        It is a buyers market & It should deep lower with the year. There is inventory with not much offers and they are getting desparate. There will be good opportunities in the near future


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                                                        • gdog
                                                          Confirmed User
                                                          • Aug 2004
                                                          • 1550

                                                          #29
                                                          I was told to wait till the beginning of the year and the next round of property taxes are due, people are going to be dumping their houses for whatever they can get.

                                                          The rental market is a way better deal right now because owners will take whatever income they can since they cannot sell their properties.
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                                                          • detoxed
                                                            vip member
                                                            • Jan 2003
                                                            • 17798

                                                            #30
                                                            If you want a place to buy and get rich, contact me. Fuck west coast, go to the South.

                                                            Comment

                                                            • CyberAgeGary
                                                              Confirmed User
                                                              • Jul 2004
                                                              • 2869

                                                              #31
                                                              Arizona, is where the money is.. I came up bigggggg..... I got a real Estate agent there if anybody wants to invest...... Hit me up...
                                                              13 solid years strong.
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                                                              • Semi-Retired-Dave
                                                                Too lazy to set a custom title
                                                                • Apr 2004
                                                                • 11190

                                                                #32
                                                                Originally posted by LatinCashGary
                                                                Arizona, is where the money is.. I came up bigggggg..... I got a real Estate agent there if anybody wants to invest...... Hit me up...
                                                                That was smart, way better than Vegas last couple of years.
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