MIKE WONG's (mikewong) Blog

I GET THIS QUESTION 20X A DAY.  NOW HERE IS THE ANSWER:  IF YOUR LOOKING FOR AN INVESTMENT, ITS A TIME TO BUY WHEN YOUR RENTS SURPASS YOUR MORTGAGE,YES NOT BREAK EVEN.  IT MUST GIVE YOU CASH BACK. PERIOD! IF YOUR LOOKING FOR A HOME FOR YOURSELF ONLY BUY IF YOU CAN AFFORD TO MAKE THE PAYMENTS ON A...

IS SAN MATEO HILLS STILL A SWEET SPOT, YES EVEN IN THIS MARKET THE HILLS ARE STILL ROLLING, BECAUSE OF THE NICE NEIGHBORHOOD,GOOD SCHOOLS. AND PROXIMITY TO SAN FRANCISCO AND SAN JOSE. DID SAN MATEO HILLS BEAT THE REAL ESTATE DOWNTURN? WELL THE NEXT 6 MONTH WE WILL HAVE AN ANSWER THE SAN MATEO HIL...

IS THE BAY AREA A HOTSPOT FOR FOR FLIPPERS AND FIXER UPPERS YES. YOU CAN STILL GET A FLIPPER IN THIS MARKET..  YOUR BEST BET IS TO FIND A HOME WEST SIDE OF EL CAMINO  PREFERABLY SAN MATEO , BELMONT,SAN CARLOS, THERE ARE STILL BARGAINS TO BE HAD.  THE KEY TO THIS IS TO MAKE YOUR MONEY ON THE PURCH...

WOW THE WESTSIDE OF SAN MATEO HILLS IS STILL A HOTSPOT THROUGH THIS WHOLE DOWNTURN. IF YOUR NEAR ARAGON OR WEST OF ALAMEDA DE LAS PULGAS, THE MARKET HAS STILL DROPED IN YOUR FAVOR,  BUYERS ARE BUYING WITH ALL CASH,  HOUSES THAT ARE IN DECENT SHAPE DONT STAY ON THE MARKET LONG.  THIS IS ONE BRIGHT...

HILLSBOROUGH A NICE PLACE TO LIVE WITH A NICE PRICE TAG.  THOSE WHO CANNOT AFFORD TO LIVE IN HILLSBOROUGH CAN ALSO PICK UP A HOME IN LOWER HILLSBOROUGH AND MAYBE WESTSIDE OF SAN MATEO HILLS  PRICES DROP DOWN TO ABOUT 1.8MILLION IN THESE AREAS AND IS A GREAT BUY AT THESE PRICES. WITH GREAT SCHOOLS...

WITH THE WHOLE SUBPRIME MESS IS HILLSBOROUGH BEING EFFECTED.   YES AS I LOOK THROUGH THE MLS TODAY I SEE AROUND 4-5 SHORT SALES. WOW  EVEN A HOME UNDER A MILLION. SO DIRECTLY IT HAS HIT THE HIGH END AND INDIRECTLY THROUGH JOB LOSSES AND SLOWING SALES AND NOW A STOCK MARKET PLUNG, BUT HILLSBOROUGH...

WHEN BUYING A HOME MAKE SURE THESE ELEMENTS ARE IN PLACE. *  GOOD NEIGHBORHOOD(LOW CRIME)  *CHECK THE AVERAGE INCOME OF NEIGHBORHOOD. (HIGHER THE BETTER).  * GOOD SCHOOL RATINGS, SEE WWW.CIGCORP.NET.  *CHECK FOR JOBS GROWTH.  ACTUALLY IF YOU WANT TO DO YOUR DUE DILLIGENTS  TRY APPLYING FOR A JOB,...

AN IMPORTANT FACTOR IN HOME BUYING IS TO CHOOSE A EXPERIENCED AGENT, AN EXPERIENCED AGENT HAS THE KNOWLEDGE OF GOOD VALUES AND GOOD LOCATIONS. HAVING GONE THROUGH MARKET UPS AND DOWNS A GOOD AGENT SHOULD BE ABLE TO TELL YOU WHICH LOCATION HELD ITS VALUE DURING THE LAST REAL ESTATE DOWNTURN.  AND ...

A YEAR AGO MY FRIEND GOT HIS SS NUMBER STOLEN FROM HIM. AND HE GOT THE BLAME FOR RINGING UP A 10,000 BILL. A FEW WEEKS LATER HE WAS SENT TO COUNTY JAILED BLAMED FOR THE CHARGES. A FEW WEEKS AFTER THAT HE WAS SENT TO SAN QUENTON, BIG TIME.  ALL THIS STEMMING FROM A STOLEN SS NUMBER. AFTER WITNESSI...

THE STOCK MARKET IS A GREAT PLACE  AND IVE SEEN A LOT OF UPS AND DOWNS. BUT IT SHOULDNT CONTAIN ALL YOUR MARBLES.  IF YOU CAN BUY STOCKS AND  AND HOLD THEM, AND PUT A SMALL PORTION OF YOUR WEALTH INTO IT,  ITS A GREAT PLACE TO WATCH YOUR MONEY. YOUR WEALTH SHOULD BE DIVIDED AMONG STOCKS, REAL EST...