6 Comments

1. 

   François Caron on August 13, 2010 at 9:18 am

   Nice Caddy, gramps! 🙂

   Deep down, you know you’ll have a blast being a grandfather!

2. 

   swm on August 13, 2010 at 10:05 am

   Hey, where are the flyers?

3. 

   Chuck Ponzi on August 13, 2010 at 11:30 am

   “You should live here. You should move here.”

   I don’t think California’s problem lies in the number of people that WANT to live here. I think it comes down to the number of people that can afford to live here.

   The invisible hand has already weeded out those who want to live but can’t afford to do so reasonably.

   Chuck

4. 

   CA Refugee on August 13, 2010 at 4:27 pm

   I recognize Neptune Ave when I see it. I want to live there! I want to move there! I’m just working on the million. By the time I get a million, Jim will definitely be a grandfather.

5. 

   tj & the bear on August 13, 2010 at 9:46 pm

   Filming while driving backwards? What about filming in the damned rear-view mirror while driving! You’re a wild-and-crazy guy!!!

   Seriously, calling any of these places “investment properties” is a joke, unless the point of an investment is losing money. You’d have to put 50% down just to get to 10x. Sheesh.

6. 

   Geotpf on August 15, 2010 at 7:14 pm

   I’ve mentioned my house in Riverside before. In May 09, I paid $150k for a 4 bedroom/2 full bath, 1,800 square foot house, .2 acre lot, oversized 2 car garage (basically a 3 car, but the door and driveway is only 2 car sized with room off to the side for storage or a shop), huge family room (30’x15′), seperate living room, central A/C. It could easily rent for $1,500 a month (1% of the sold price), probably more. Multi-unit properties occasionally pencil out even better out here.

   If you are buying rental properties any closer to the beach than here, you are basically counting on the appreciation alone. They almost never pencil out otherwise, in my amateur opinion.