957,092
Skip California (for the most part-always exceptions), better laws and ROI elsewhere for the multi-unit landlord (and yes, multi-unit is the way to go-IMO. I'm more focused on cash-flow than appreciation).
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Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ray Henson
Elk Grove, CA
-
Brian England
Gilbert, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Steve Higgins
Kelowna, BC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
John Juarez
Fremont, CA
-
Anna "Banana" Kruchten
Phoenix, AZ
3,350,439
Too many laws negatively impacting the State in general. I look forward to moving from the Land of OZ.
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Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Greg Large
Grove City, OH
-
Ray Henson
Elk Grove, CA
-
Lyn Sims
Schaumburg, IL
-
Brian England
Gilbert, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Steve Higgins
Kelowna, BC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Shayne Stone
Fulshear, TX
-
Pete Xavier
Pacific Palisades, CA
1,325,789
Here is an article from the Orange County Register that disputes your claim: California’s homeownership rate hits 9-year high
The article also presents an intesting graph that shows that homeownership in California has been between 50% - 60% since 2005.
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Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Ray Henson
Elk Grove, CA
-
Joan Cox
Denver, CO
-
Brian England
Gilbert, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Pete Xavier
Pacific Palisades, CA
3,590,291
Why are laws being renting to help renters and hurt investor/home owners? Who does that make sense to?
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Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ray Henson
Elk Grove, CA
-
Brian England
Gilbert, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Pete Xavier
Pacific Palisades, CA
-
John Juarez
Fremont, CA
3,383,434
I wouldn't want to own an investment property at a time when governments are changing our way of life, ability to work for a living and making landlords keep tenants that can't pay rent. It's nuts.
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Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
-
Lyn Sims
Schaumburg, IL
-
Brian England
Gilbert, AZ
-
Steve Higgins
Kelowna, BC
-
Pete Xavier
Pacific Palisades, CA
2,785,436
Well there you have it...income property by its nature and risk rewards the buyer/owner with a predictable end result. NOT SO ANYMORE. On a whim, someone legislated a moritorium that hurts lenders/owners and enables renters to live rent free causing owners to hire attorneys for their agreed to rights thus encurring addtional expenses and enlarging the risk. Add further insult, the courts are nearly closed or backlogged leaving remedy in the distance. The three legged footstool of America cannot survive with two legs without failing/falling....
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Doug Dawes
Topsfield, MA
-
Ray Henson
Elk Grove, CA
-
Brian England
Gilbert, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Candice A. Donofrio
Fort Mohave, AZ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Pete Xavier
Pacific Palisades, CA
693,775
Given the direction of CA politics, we are moving our rentals out of state through 1031 exchanges. It was really lucrative a number of years ago to have investment property. It can be lucrative now, but the risks are just too high.
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Steve Higgins
Kelowna, BC
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Joan Cox
Denver, CO
1,506,823
The more renters there are than landlords the more likely stuff like Prop 13 have of being repealed. Tenants don't care about stuff like that and either don't care to be educated or try and pass it off as "voter intimidation" when you do educate them about how "If my costs go up, so does your rent." It will be a while before that happens though. The state would have to get rent control in place statewide first to try and negate the above argument. Then of course comes maintenance and such that will not be done to increase the profit margins. In the end, it's a lose-lose scenario.
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Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
-
Brian England
Gilbert, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Pete Xavier
Pacific Palisades, CA
808,679
We have the same problems up here in BC. The renters have more rights to my investment than I do. That being said I think it depends on what kind of tenants you have and the rent you can charge whether it is lucrative or not. We have been lucky with our properties.
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
-
Joan Cox
Denver, CO
-
Brian England
Gilbert, AZ
-
Michael Jacobs
Pasadena, CA
-
Pete Xavier
Pacific Palisades, CA
3,141,058
No wonder so many people are choosing to leave...The risks far outweigh invester benefits. Look at Pelosi's district...homelessness, drugs and filth are rampant and looks eerily similar to socialist-type leadership. For many, it has become a way of life with ZERO repercussion or accountability!
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Steve Higgins
Kelowna, BC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ray Henson
Elk Grove, CA
-
Brian England
Gilbert, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Pete Xavier
Pacific Palisades, CA
5,773,192
Tony,
We would not own investment property, been there done that. I do think that CA has to change its politics as many have pointed out. A
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Steve Higgins
Kelowna, BC
-
Ray Henson
Elk Grove, CA
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Candice A. Donofrio
Fort Mohave, AZ
-
Pete Xavier
Pacific Palisades, CA
1,057,554
When?
Even in the 90s when I did PM in CA, the L/T laws were so coddling to tenants they could run roughshod and burn landlords left and right . . . some made a career of it. Now with Covid, how can landlords imagine they will not be burned by those loopholes and eventually lose or fail to profit on the homes? Then where will the renters live who can't buy?
CA is unrecognizable from the idyllic Magic Kingdom I grew up in. The lawmakers are deranged and delusional . . . CA expats who retain CA politics, keep going past AZ and I heard TX doesn't want them either . . . New Mexico perhaps? Even 'Trad Mexico' likes the wall now! LOL
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Joan Cox
Denver, CO
-
Doug Dawes
Topsfield, MA
-
Tony Lewis
Valencia, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Pete Xavier
Pacific Palisades, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
4,723,460
I would say more lucrative and having someone else paying your mortgage is a great investment.
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Steve Higgins
Kelowna, BC
-
Ray Henson
Elk Grove, CA
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,513,143
It has become a landlord's nightmare here as well!
Laws or edicts are being for a handful instead of for the whole!
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Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
-
Lyn Sims
Schaumburg, IL
6,424,242
The laws in all states are in favor of the renters.
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Bob Crane
Stevens Point, WI
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
-
Brian England
Gilbert, AZ
1,202,572
It's always supply and demand. BUT I think the population in CA is going down
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Steve Higgins
Kelowna, BC
-
Pete Xavier
Pacific Palisades, CA
-
Ray Henson
Elk Grove, CA
-
Joan Cox
Denver, CO
5,879,125
I have homeowners that have tenants that are not paying their rent, and there is a moratorium on evictions. Not the perfect time to be a landlord.
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Steve Higgins
Kelowna, BC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ray Henson
Elk Grove, CA
7,870,283
It is a good time to own rental properties.
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Ray Henson
Elk Grove, CA
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,195,099
It depends on how much rights Landlords have taken from them by the State
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
853,612
Seems like investment properties never favor the property owner and tenants rarely respect the property or its owner like they should so, I vote less lucrative.
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
5,245,255
It is a roll of the dice. For the riverboat gambler it could be lucrative. For the conservative it may be a pass!
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ray Henson
Elk Grove, CA
3,416,038
Even here in NH we are getting people from CA looking to relocate. I have had 3 couples in the last 3 months. I just hope they dont vote here like they did there
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Wanda Kubat-Nerdin - W...
St. George, UT