Forest Fire In the Housing Market
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> I'm unsure of the Silicon Valley market but
> have sold two properties in the last two
> months that are cash flow positive here in San
> Diego.
Can't comment on San Diego.
I could comment on trying to catch a falling knife though.
There's no reason to scramble to buy, especially investment property when a recession looms.
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Where anywhere in Silicon Valley can you buy anything where the renter pays the full cost of the mortgage?
I live here, it's stupid to buy here. For what a house costs here, I can buy a strip mall in Chicago and get $10,000 a month positive cash flow.
It's stupid to buy a house here, or even a craphole condo. It simply makes no economic sense, especially in a falling housing market.
fuzzywzhe 3 years ago
I'm unsure of the Silicon Valley market but have sold two properties in the last two months that are cash flow positive here in San Diego.
scottsandiego 3 years ago