Why are investors looking at all?

[nosuchreality]

<snip>  But yeah, there are very few ways to get tax-free gains and selling a primary residence if you owned it for 2 out of the last 5 years and is the best one.

Minor nit correction, lived in it.

A lot of the stuff I see has to be speculators banking on short term appreciation.  I've seen multi-unit properties switch hands on an annual basis and currently with valuations that are sub-1% COC ROI on current rent/expense numbers published. 

As for move ups, if you've owned for more than a couple years, you can probably refi, take nearly as much out for the next down payment, and then move a tenant in whose rent will cover the PITA. 

You're living in a new 'better' place with a larger down payment on it and have a renter buying your old place for you.

 

[shahshah]

So yeah all for immigration.
http://www.cnbc.com/2017/07/17/half-of-chinas-rich-plan-to-move-overseas.html

This may not be major news but I read this today on CNBC and it says LA is #1 and schools are obviously a top priority. I do not think this helps my Irvine search. This probably helps current homeowners and investors though.

 

[Burn That Belly]

x

 

[Mety]

I liked your unfiltered comments more.
Why keep editing your posts?