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Strategies & Market Trends : Real Estate home/investment -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (27)	6/13/2000 4:32:00 PM
From: David Jones	Respond to of 73

Update: Sense I started this thread my properties have appreciated some 22%. At percent I'm informed by my broker to expect a retraction of 5 to 10% relative to the percentage of appraisal verses average cost for the area. i.e.: Average priced homes tend to hold their value better than your upper priced homes. I'm not ready to buy the idea of a 10% retraction just yet. Rents show no sign of a retraction and as you know everyone is working. In 89 interest rates where a couple points higher than present and purchases continued right you to the recession. And all homes that retracted in price from said recession have recovered in spades. If I had the cash or better yet the credit I would be buying. Maybe not in your high demand areas but definitely in the outskirts or retirement areas. For myself I am interested in rotating moneys into the foothills of the Searras. Jackson, Ione, Placerville like between Auburn and Sonora all prime retirement areas for the greater bay area. Maybe this time next year? Good luck; dave