This is new territory as we have never had this type of appreciation spikes.

Electric can also spike in the summer with A/C.

Prices are higher there but the clientele is usually better heeled and interested in the good restaurants nearby (think Ulele or the new TAW Food Hall and the Riverwalk). 

What I think you are missing in this equation is getting into a purchase contract with a seller that used his current realtor as a way to spike interest in the property and bring potential buyers to him with the plans to cut them out of the deal after their contract was up.  

While others spiked their rents up significantly, I did only a modest increases despite the renovations.

In the immediate area prices may spike initially and then stabilize, but the growth over 5-10 years will be strong with a large and steady influx of high-paid workers.

I agree that such a high fee for an assignment is crazy, however, I do also agree that capitalism (without getting political here) is a good thing and business owners are welcome (and should) get what the market will bear, but your example appears to be well above what is reasonable.That said, I see it happening day in, day out and is part of the reason/problem as to why sellers are asking for so much these days as wholesalers and even rookie rehabbers are offering too much for deals creating an artificial spike in certain markets like LA.I have always said and believe that around 10% of the gross spread in a deal is a fair ask price for wholesalers.

Originally posted by @Corby Goade:People who haven't lived through a few cycles don't realize that what happened in 2008 isn't a regular occurance- that's a once in a lifetime thing- and for the most part, the problems in lending that caused that crash have been fixedTrue, 2008 was not a normal spike/crash......it was caused by giving everyone and their brother loans that they didn't deserve and couldn't pay back.

On the heels of Rick Beno, the city makes you register the lease or leases, I believe around $50.

*I received this report from The Hartnov Team and figured I'd share it for you Orange County/SoCal investors.Orange County Housing Report: V-Shaped Recovery Propelled by record low mortgage rates, buyers arejumping back into the housing market.Demand Spikes: Demand surged in the past couple of weeks with a 38% rise.COVID-19 has impacted the economy across the board.