All Forum Posts by: Chris John

Quote from @Andrew Hogan:

My comparison to 2020 was merely on the similarity with larger investors being less fearful.

Scared money ain't make money!  haha

@Andrew Hogan

If I were sitting on cash, I'd definitely be buying equities right now by averaging into this market (I wouldn't be shocked to see it continue to trend down).  I feel like real estate has had a VERY nice run-up already, interest rates should soften that (if not make it turn), and equities are absolutely on sale right now (over the long term). 

Also, in my opinion, 2020 and 2022 have nothing in common.  2020 was right before the government dumped trillions of dollars on the economy, allowed people to thrive and not work, handed out money like it was worthless, artificially kneecapped interest rates, etc. and 2022 was right after.  I'm not sure you'll see the same reaction that you did last time out of the government or the markets.

It might finally be time to pay the piper.  Just my .02.

I love the argument that homelessness is caused by high rent prices.  So, a market where a listed property gets dozens of applications which causes rents to increase due to lack of supply would be mitigated by lowering rent prices? 

I guess I really didn't pay attention in Econ...

I remember one of my professors in college saying that part of his compensation was time and that's always resonated with me.  Honestly, it's one of main reasons that I became a teacher at a fairly young age because I figured I could help close the financial gap with a little investing on the side. 

It's funny the impact that man had on my life and I can assure you that neither one of us would recognize the other if we ever met again.  I guess you never know what'll stick.

Quote from @Account Closed:

I guess I'm confused...

Exactly.

Well, maybe link to an article instead of an ad then....

Welp, I'll never get these 30 seconds back.  Hopefully this string gets removed...

@Jenny Elomaa

I feel for you, I hope it works out, and I promise I'm not trying to pile on, but for anyone else reading this, let this be a lesson.  Don't close until you know that the house is vacant!

How do you raise rent on month-to-month tenants whose leases have expired?  They have no incentive to sign anything increasing rents, so are they locked in for perpetuity at their current rates or something?

Thanks in advance.

I have an honest question about Portland, so please don't beat me up for asking.  I'd be afraid to purchase a property and rent it out.  I do believe it would appreciate in value (long term, if not the short term too), but I'd be concerned that I would never be able to sell the place out from underneath my tenants.  Based on Portland politics, I'm assuming there are VERY strong rent control laws. 

Is not being able to sell an investment with tenants in it to someone that wanted it as an owner occ an issue?  A potential concern for the future?  Or just me being paranoid?  I just got dinged by California rent control and I did not like it, so I started investing in Florida instead.  I'd be afraid to make an investment in Portland for fear that I'd only be able to sell it to another investor that wanted to keep it as a rental, thereby limiting my potential sales pool.

Thanks in advance for any potential responses.