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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2209)4/14/2014 3:57:19 PM
From: John Vosilla  Read Replies (1) of 2722
 
Sorry. I am not sure what you are asking or suggesting

If they had $20k more a year in their pockets by not needing two cars gives them more cash flow to afford more expensive property...i just threw a multiple above the risk free 10 year yield these days

cap rates
en.wikipedia.org

And I know this has become a thing between us but CA prices are not out of whack for Californians. Its just as normal as the low housing prices in upstate NY or in PA. I would be more concerned with the low prices in those two places than the high prices in CA.

I am all for reasonable priced housing for the middle class.. Must be part of my DNA. I see how people do suffer living in the roller coaster ride in very high priced unaffordable areas as well as very low priced depressed areas with no equity or incentive to refurbish as well. We've never had such a divergence as we do today.
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