A: Yes and no.
Q: How does this blog differ from other housing related blogs out there?
A: The scope of this blog is quite narrow. It will explain various investment scenarios pertaining to condominiums and townhomes in Southern California. More specifically, condos and townhomes in Los Angeles and Orange counties. Note that the content on this site does not constitute professional financial/investment advice. The content will lay out a combination of facts and observations for the reader to discern and draw conclusions from.
Q: Has the housing market finally bottomed out?
A: Various data reports from various sources indicate that some locales might have bottomed. But as always, nothing is ever certain and data never paints a complete picture.
Q: Why condos and townhomes and not single family residences?
A: Condos are townhomes share more similarities with apartment rentals than single family homes do. The readily available apartment rental ads for various apartment unit sizes give us some benchmarks to work with. Also, condo and townhome units are always part of home owners associations (some single family homes are too), simplifying the recurring cost analysis. There are many other reasons that will follow in subsequent posts.
Q: Why Los Angeles and Orange counties?
A: Personal experience though personal residence.
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