When Will It Bottom Out?

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JakeRoberts_IHB

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First time to this forum and there is lots of great information on here.



When do you expect the Orange County Real Estate market to hit rock bottom?
 
[quote author="JakeRoberts" date=1234106117]First time to this forum and there is lots of great information on here.



When do you expect the Orange County Real Estate market to hit rock bottom?</blockquote>
We'll bottom for a few years...my guess would be 2011-2014 (it'll be that much longer the more the gov't keeping trying to push off the ultimate ending). However, some areas may see the bottom sooner than others (i.e. Riverside vs. Newport Beach).
 
I would say the Stockton/Sacramento area has already bottomed or at least close to. Same with some areas of the inland empire. Orange County? Long ways to go.
 
How low does the rent have to be in a 3000sf pergranteel palace to get you to move there?





The market is at bottom with bubble rents. The rents are about to go into freefall in those markets.
 
nah, the IE is just getting back towards what is "normal".



its just been so long since any of us have seen "normal" that we are unfamiliar with what it looks like.





golferX over on housingkaboom has a recent post where he says that P/I is now about 2.5 in the MoVal and Perris, and in the low 3's in Riverside and other "nicer" parts of the IE.



just wait until GG/Anaheim are at 2.5, and Tustin/HB/CM are at 3.5. might be a couple more years.
 
Thank you for the feedback. I am looking to buy for tax write off purposes. My budget is $400,000. I anticipate having $90,000 for 20% down and closing costs within a year and a half. Hopefully that time the market will be at rock bottom. I am looking in Huntington Beach, Newport Beach, Corona del Mar, and Costa Mesa. I have thought about buying a 5 bedroom property and renting out each one of the rooms but I know that can easily turn into a headache being a landlord and I am not sure I want to deal with that. Appreciate all the good information on here!
 
[quote author="JakeRoberts" date=1234192317]Thank you for the feedback. I am looking to buy for tax write off purposes. My budget is $400,000. I anticipate having $90,000 for 20% down and closing costs within a year and a half. Hopefully that time the market will be at rock bottom. I am looking in Huntington Beach, Newport Beach, Corona del Mar, and Costa Mesa. I have thought about buying a 5 bedroom property and renting out each one of the rooms but I know that can easily turn into a headache being a landlord and I am not sure I want to deal with that. Appreciate all the good information on here!</blockquote>


The neighbors will string you up if you try that (renting rooms) anywhere other than the neighborhoods right next to the 405fwy in HB and CM.
 
[quote author="freedomCM" date=1234236141][quote author="JakeRoberts" date=1234192317]Thank you for the feedback. I am looking to buy for tax write off purposes. My budget is $400,000. I anticipate having $90,000 for 20% down and closing costs within a year and a half. Hopefully that time the market will be at rock bottom. I am looking in Huntington Beach, Newport Beach, Corona del Mar, and Costa Mesa. I have thought about buying a 5 bedroom property and renting out each one of the rooms but I know that can easily turn into a headache being a landlord and I am not sure I want to deal with that. Appreciate all the good information on here!</blockquote>


The neighbors will string you up if you try that (renting rooms) anywhere other than the neighborhoods right next to the 405fwy in HB and CM.</blockquote>


Unless the city has any regulation (which is easy to get around) against it, there is nothing they can do.
 
they can call the code enforcement people, the fire marshall, the police for any party, get cars towed, etc.



they can kill your landscaping in the middle of the night. they can let the air out of the tenants car tires. they can shut off the utilities.



there are many, many things that angry neighbors can do.



(you probably don't want to try it around where I live, as I have many, many more mechanisms to make compliance or sale seem like the best course)
 
[quote author="freedomCM" date=1234248694]they can call the code enforcement people, the fire marshall, the police for any party, get cars towed, etc.



they can kill your landscaping in the middle of the night. they can let the air out of the tenants car tires. they can shut off the utilities.



there are many, many things that angry neighbors can do.



(you probably don't want to try it around where I live, as I have many, many more mechanisms to make compliance or sale seem like the best course)</blockquote>


As long as all your tenants are under 1 rental agreement you are in compliance and there is nothing the city can do.

Code enforcement will tell the exact same thing.



If you do that to your neighbor what is to keep them from calling the cops on you or doing it right back?
 
A little clandestine gorilla night front yard defoliation - ninja style!



A backpack sprayer full of 2-4-D and some black sweats. Sweetness!



<a href="http://www.lawnsite.com/showthread.php?t=147918">http://www.lawnsite.com/showthread.php?t=147918</a>



You can kill trees with a 1/16? drill bit about 6? long and a syringe full of Roundup. A ladder is helpful so you can get high enough that nobody will notice the holes. Five or six around the trunk into the center is best.



<img src="http://th06.deviantart.com/fs24/300W/i/2007/341/2/d/Nina_Gardener_by_Shizenko.jpg" alt="" />
 
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