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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: John Vosilla who wrote (2473)	5/7/2015 1:05:55 PM
From: tejek	Read Replies (1) of 2722

And some local markets are on fire, with bidding wars and offers above asking price becoming common. In San Francisco, 74% of homes listed earlier this year, sold within two months of hitting the market, a recent Trulia report showed. The median asking price of the City by the Bay was $1,099,000. Several other areas in California, along with Seattle and Salt Lake City are experiencing similar real estate booms, the report found. Its absolutely crazy here.........too crazy. Home prices are going thru the roof and construction is out of control. Three people on my block, including me, have gotten flats from picking up nails near construction sites during the past 6 months. I go way around them now. Thousands of units are under construction just in the city alone. Streets are visibly more congested compared to just 5 years ago. There are petitions circulating wanting a moratorium. Its too bad when things boom they have to boom this hard. And Miami doesn't seem to have learned its lesson..........I understand thousands of units are under construction there too.

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