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

To: SpongeBrain who wrote (44)	2/14/2001 4:30:41 PM
From: David Jones	Read Replies (1) \| Respond to of 73

I've been out of commercial real estate now for 6 years. There's a leveling off in rents for residential but no down turn in my neck of the woods. Far from it. San Francisco is wresting with no growth ballet initiatives now. I believe they have a cap on commercial of some 975k feet per year. Currently building permits are taking most if not all of that cap for 01. Now sure about the residential numbers but it's putting upward price pressure on existing units. Any way forget commercial and look at apartment RIETS. Had lunch with my broker yesterday. Were looking at remodels in Oakland Ca. A finished product in the 200k to 250k range. Oakland is a new market for the both of us but the low entry prices are attractive. And I have the contractors hot to trot. But I have lots to do before I buy in Oakland. So I may be chasing dogs.