Practically every component they offer requires a workaround, so I've made it work for me as a path of least resistance for the time being.

Besides, I thought Californians were environmentally conscious, haha.

(If you do a straight stock for stock comparison of the 1929 DOW components that were in the index, its 12 years, and if you factor in dividends, its like 5 years.

To me my time is worth more than $240 per year to do all that as well as deposit checks etc. biggest component I have yet to even mention is the risk mitigation component if you have a questionable borrrower find some sleeze ball attorney.

The whole argument is kind of stupid, a piece of real estate has components of both, it just depends.

If your builder does a poor job or doesn't finish the job, your lots are worth significantly less 10-15% of what you paid versus 80-90% of say a multi-family.I would argue that the CA housing shortage is an artificial creation posed by city code and development restrictions, environmental, etc.

Land acquisition was the key component.

“Of course, that’s likely dependent on the extent to which mortgage rate expectations are met with actual mortgage rate declines.”At 6.56 percent on Dec. 29, rates on 30-year fixed-rate mortgages ended the year down 1.27 percentage points below a 2023 high of 7.83 percent registered on Oct. 25, according to daily loan lock data tracked by Optimal Blue.But Palim cautioned that even if mortgage rates keep falling, economists at Fannie Mae continue to believe home sales will post only modest gains in 2024, with elevated home prices continuing to pose affordability challenges for first-time homebuyers and others.The Fannie Mae Home Purchase Sentiment Index (HPSI), which distills six questions from the National Housing Survey into a single number, increased 2.9 points in December to 67.2, in large part because of rising consumer expectations that mortgage rates will continue to fall.While only two of the index’s six components improved from November to December (mortgage rate expectations and buying conditions), the HPSI is now up 6.2 points from a year ago, and 10.5 points above an all-time low of 56.7 registered in October 2022.The survey also showed that consumers are less certain home prices will continue to go up.

If they can't find anything obvious, next step would be to visit an engineering firm and have them do a preliminary analysis.Some big questions would be whether you plan to leave the existing house, whether this is easy access to all lots, what the utility requirements are, whether it's public sewer or septic, and if septic, is there room for a septic field, etc.If the initial engineering analysis is promising, you'll need to do site surveys, a site development plan and potentially some environmental planning.

A property that today is 40 years old and has not been updated, is in need of new pipes, new electrical distribution panels and other components, and is absolutely approaching functional obsolescence/end of life.