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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2021)1/23/2014 3:09:40 PM
From: John Vosilla  Read Replies (1) of 2722
 
Well at 17% only being able to afford a home should be a big red flag. That is his rule for SoCal based on many decades of being right now for three cycles in the roller coaster ride. Good news is CA leads the rest of the country we in other places have time to get out front of local trends unfolding later in the cycle. My thinking is RE goes parabolic again nationally if this trend in CA and fed policy continue 2-3 more years.. Fed didn't start raising last cycle till late summer 2004 so what makes us think they are ahead of the latest bubble this time? One measure I'm adding this time on my rentals is when we reach a PITI at 4.5% over 30 years with 20% down that exceeds equivalent rent it is starting to get very frothy.
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