patrick.net

For the one thinking of buying in Atlanta--please be aware that outlying areas can also be called "Atlanta," but a home there might not be particularly rentable. That is, people would not be looking to rent in those areas. Much of the real estate in Atlanta is subject to the arbitrary rules of neighborhood associations, so you might run into some trouble renting a house you own or even painting the front door red. Also, Atlanta is still deep South in some ways, and neighborhoods tend to be divided up by skin color moreso than in other parts of the country. That could be a factor in attempting to rent your investment property. Buying investment property in the Atlanta market could be complex for someone who does not live there and know the area.

EBGuy,

it's funny that you show me that article on racial homogeny in Claremont.

To be frank, well-to-do Asians (at least for Chinese), when selecting their home turf, particularly seek out districts full of white, and if full of Jews, even better. An area full of Asian is actually considered "undesirable", because it is usually considered dirty and low class (how Cupertino and MSJ escaped such stigma is actually a miracle). But, when Cupertino is compared to Saratoga and Palo Alto, the latter two are deemed more desirable because they are more white. Upper or middle upper class Chinese sneer at places like Milpitas, or Montery Park in LA, because they are too "filthy", while they drive to eat there very frequently. You will notice that the posh Asian neighborhoods are actually NOT full of good Asian restaurants (neither Cupertino or MSJ are known for great Asian restaurant choices), because the elite Asians want to keep it that way, they don't want all the Asian rif rafs to end up in their backyard.

There is a Jewish center opening in Palo Alto/ Mountain View border, and the condos next to it is immediately considered a great selling point because Chinese parents want their kids to go to school with Jewish kids whom they believe to be smarter than everyone else.

I have also heard from a well-educated, first generation Mexican legal immigrant who told me the last neighborhood he wants to live in is a Mexican neighborhood because it is more "dangerous" and the residents there are of "low quality" (in his words).

It's funny looking at employment numbers. It's as if like, they can decide almost any number at will. They decided to put 226K new small business created in April vs 114K in march. Want to beat Wall ST estimates, Just put in a higher number for business creation.

"I don’t want to brag but this fourth house that we are closing on will cost a total of $20,000 including the work to fix it, and will rent for $800 per month."

I heard the same line on a Carleton Sheets infomercial last night...