All Forum Posts by: Francis A.
Francis A. has started 106 posts and replied 332 times.
Post: Airbnb Just Made a Huge Announcement That Could Completely...
- Los Angeles, CA
- Posts 352
- Votes 142
Post: Converting a Duplex to a Triplex in Saint Paul
- Los Angeles, CA
- Posts 352
- Votes 142
@Bruce Runn As a current house hacker, I totally agree on the cash flow front. In Woodbury for example, duplexes are hard to find. I have counted probably less than twenty. At the same time, I've watched SF home prices climb. This is what started the series of "what ifs", purely as an educational exercise. Kind of like stumbling upon a polar bear strolling around Lake Winnibigoshish.
Post: Californians aren’t leaving the state en masse — but they are lea
- Los Angeles, CA
- Posts 352
- Votes 142
@Alan DeRossett
Many People who were put on Buses and sent here as homeless looking for low-skilled jobs but most refused $18 per hour jobs as farmworkers, over the last 4 years from other States.
@Alan DeRossett
Great post. I only found out last week from a post by Mark Laita on his Youtube channel, SOFT WHITE UNDERBELLY (which is a great channel btw), that departments across the country would sent their vagrants to California on a one way bus ride. Blew my mind.
I find out that this conversation of California going into the tubes is 99% an internal one.
Pre Covid, when I would travel to other countries, people would give me ludicrous looks whenever I would raise this topic.
They reminded me that California is one of the TOP 3 crown jewels of the USA.
They also asked me why California was BY ITSELF ranked in the TOP 10 in GDP year after year after year.
This last question was in a pub in Ireland. I asked for another Guinness and started talking about the British weather.
Post: Californians aren’t leaving the state en masse — but they are lea
- Los Angeles, CA
- Posts 352
- Votes 142
Here's another article from the other side of the coin. The comments are insightful too.
Exodus from California, high-tax states driving unprecedented real estate boom
Post: Californians aren’t leaving the state en masse — but they are lea
- Los Angeles, CA
- Posts 352
- Votes 142
Post: Californians aren’t leaving the state en masse — but they are lea
- Los Angeles, CA
- Posts 352
- Votes 142
Post: The nation's hottest housing market? Surprise — it's Fresno
- Los Angeles, CA
- Posts 352
- Votes 142
Post: Landlord's Revenge: Tenants trash rental and skip on 14 mos rent
- Los Angeles, CA
- Posts 352
- Votes 142
Post: Converting a Duplex to a Triplex in Saint Paul
- Los Angeles, CA
- Posts 352
- Votes 142
@John Woodrich Your neck of the woods is my home away from home. You all are quite lucky to have what you have. I can't think of that many cities in the mid west that offer what your area offers. Keep up the good works!
Post: Converting a Duplex to a Triplex in Saint Paul
- Los Angeles, CA
- Posts 352
- Votes 142
@John Woodrich It's good to hear confirmation about the higher appraised value of the SF. I agree with what you say from a "flipper's" stand point but I'm beginning to to look at SF properties as long term holding potential. It would be great to be able to keep long term tenants (who for various reasons would rather rent than buy)...in a SF with a slightly reduced rent roll and live with whatever the higher appraisal value brings.
On the flip side, if adding an ADU comes at a reasonable price, then of course owning a triplex in a "duplex starved" area might also make sense from an increased rent roll point of view. Thanks for weighing in!