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?

i baught 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.

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.

I wish I was!

wow... buying properties is best investment....

depends where you are looking at

were they near SD?

no near highland park and glendale

We just bought one in Alhambra! Love living in LA :P

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

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.

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

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

ht me up on icq 178557875

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.

Nothing in a while bro! :pimp

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

The market will go down further. Alot further. I would wait.

Hah same situation except I kinda wanted something near la jolla

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.

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 :thumbsup
:2 cents:

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!

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

There are a lot of good buys in LB, the cheapest socal coastal city you can buy.

Nice, do you live there or do you have management doing everything?

Laguna Beach?

How cheap is, "not selling for cheap?"

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 :)

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.

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

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.