All Forum Posts by: Albert Ng

@Jo Weiss. I would start the eviction right away. Don’t trust tenants whose late on rent payment. They’ll come up with all sort of excuses and reasons.

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As long as you don’t over leverage & have an emergency fund, you should be able to ride out the crash.

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Originally posted by @Jay Hinrichs:

Originally posted by @Frank Wolter:

@Matt K. Were all sitting back and watching Cali, Seattle and other unrealistic markets. You don't have to be a mathematician to see these cities are on the brink of a major market bust.

Ya know I was raised there In Cupertino and Palo Alto.. the land of 50 to 60 years ranch houses on little 5 to 7k sq ft lots selling for 2 to 4 million in todays. market.

but back in 1979 is when homes got to 100k in Cupertino we all thought ( I was a 23 YO broker at that time) there is NO way they could go higher.. and when I bought my second home in my life in Palo Alto for 185k in 1984 a 3 and 1 900 sq ft home.. but nice landscaping lot was 50X 100 and then sold It in 91 for just under 500k.. I thought shoot it can never go higher.. well that house just turned for 3.2 million this spring.. they did put in a master bed room and its now 1400 sq ft.. so predicting a crash on the peninsula has been great sport now for the last 4 decades.. the biggest crash happened in SF in 89 to 92 prices did crash some then.. but then made new highs by mid to late 90s.. and now with TEch fully entrenched you have a world class city with no peer.. prices are taking a breather .. BUT CRASH not sure about that.. unless tech dries up and leaves of course.. kind of like how steel left Cleveland..

Well said Jay. I see quite a bit of price softening in San Jose. And now that price is softening, a lot of investor chasing appreciation would probably sit on the side line. It'll go down a bit, as it is way too expensive, even for the engineers. However, unless there's something catastrophic (big earthquake?), a crash won't happen again any time soon.

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This is a question for the city planner, or if you don't have time to go to city hall, an architecture who is familiar with San jose.

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So you wasted an hour plus gas to bring back an about $3 half-used paint sample to Home Depot to return. Then wasted another hour complaining on BP....

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@Ben Payano Have you take the equity build up / principle pay down into account yet? (the potion of month mortgage that pay down the mortgage balance).

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Why don't you just keep it fair? With all the rental income that you are making, take some and pay your fair share of the bills?

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You pay. You can attempt to send her the bill, but the contractor won't chase after her for their money. And unless you hold a big security deposit, in which case you can play nasty and don't give any back, good luck trying to get her to pay the bill that you sent.

Be glad that she is moving out on her own. You could have a lot of headache if she refuses to move out, and call the health department instead.

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All Forum Posts by: Albert Ng

Albert Ng has started 20 posts and replied 388 times.

Post: San Jose: Steady, Increase, or Pending Drop?

Post: Modular home vs stick build

Post: Inhabited tenants - when is the time for eviction?

Post: Are you prepping for the crash?

Post: Home sellers slash prices, especially in California

Post: San Jose R-M Zoning restrictions

Post: Dont buy paint from Home depot.

Post: $800 Negative Cash FLOW Per Month Should I Still Hold?

Post: Help my wife and I solve this FIGHT. Should I get a W-2 job?

Post: Tenant caused mold from leaving unit humid, who pays?