http://www.up2daterealestate.com/2008/03/27/pasadena-california-real-estate-a-5-year-summary/ Brought to you by Doug and Deena Willis Tue, 29 Jun 2010 22:34:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.up2daterealestate.com/2008/03/27/pasadena-california-real-estate-a-5-year-summary/comment-page-1/#comment-500 Doug Sun, 04 May 2008 03:49:40 +0000 http://www.up2daterealestate.com/2008/03/27/pasadena-california-real-estate-a-5-year-summary/#comment-500 Jack, I am not seeing houses that meet your critera. The reason is that during the years from 2001-2005 real estate values appreciated from 15 to 20% while rents increased from 3 to 5%. Values became out of line with rents. Is a $650.0 house worth $650.0 or is it worth $350? There are good values available out there, but the public may not be aware of them. To find properties selling 50% below market you have to continually be looking and prospecting, ready to purchase in a minutes notice. Jack,
I am not seeing houses that meet your critera. The reason is that during the years from 2001-2005 real estate values appreciated from 15 to 20% while rents increased from 3 to 5%. Values became out of line with rents. Is a $650.0 house worth $650.0 or is it worth $350? There are good values available out there, but the public may not be aware of them. To find properties selling 50% below market you have to continually be looking and prospecting, ready to purchase in a minutes notice.

]]> http://www.up2daterealestate.com/2008/03/27/pasadena-california-real-estate-a-5-year-summary/comment-page-1/#comment-497 JACK MARKARIAN Sat, 03 May 2008 19:36:07 +0000 http://www.up2daterealestate.com/2008/03/27/pasadena-california-real-estate-a-5-year-summary/#comment-497 CONGRATULATIONS, VERY EDUCATIONAL I AM A WELL QUALIFIED BUYER I LIVE IN WHITTIER SINCE 1986 (HOUSE PAID OFF) LAST YEAR I PURCHASED A TOWNHOME IN SEAL BEACH (AS BEACH HOME) NOW, I AM LOOKING TO FIND A VERY "GOOD DEAL" (PREFERABLY AT 2001-03 PRICING OR BANK REPO ?) IN A VERY GOOD NEIGHBORHOOD IN A VERY GOOD RESIDENTIAL AREA FOR RENTAL ! DO YOU THINK I CAN FIND A HOUSE 3BD+2BA THAT RENTAL INCOME WILL COVER THE MORTGAGE+TAX WITH 20% DOWN PURCHASE ? SAY,IF WE BUY THE 650K HOUSE FOR 350K ? DO YOU THINK I AM ASKING TOO MUCH ? I HAVE THE TIME TO WAIT CONGRATULATIONS, VERY EDUCATIONAL
I AM A WELL QUALIFIED BUYER
I LIVE IN WHITTIER SINCE 1986 (HOUSE PAID OFF)
LAST YEAR I PURCHASED A TOWNHOME IN SEAL BEACH (AS BEACH HOME)
NOW, I AM LOOKING TO FIND A VERY “GOOD DEAL” (PREFERABLY AT 2001-03 PRICING OR BANK REPO ?)
IN A VERY GOOD NEIGHBORHOOD IN A VERY GOOD RESIDENTIAL AREA FOR RENTAL !
DO YOU THINK I CAN FIND A HOUSE 3BD+2BA THAT RENTAL INCOME WILL COVER THE MORTGAGE+TAX
WITH 20% DOWN PURCHASE ?
SAY,IF WE BUY THE 650K HOUSE FOR 350K ?
DO YOU THINK I AM ASKING TOO MUCH ?
I HAVE THE TIME TO WAIT

]]> http://www.up2daterealestate.com/2008/03/27/pasadena-california-real-estate-a-5-year-summary/comment-page-1/#comment-406 » Pasadena California Real Estate, a 5 Year Summary Sat, 29 Mar 2008 18:58:25 +0000 http://www.up2daterealestate.com/2008/03/27/pasadena-california-real-estate-a-5-year-summary/#comment-406 [...] Doug Willis ’s post on Pasadena California Real Estate, a 5 Year Summary caught my attention today. Here’s a quick excerpt of what was presented: [...] [...] Doug Willis ’s post on Pasadena California Real Estate, a 5 Year Summary caught my attention today. Here’s a quick excerpt of what was presented: [...]

]]>