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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (437)	8/28/2001 3:50:16 PM
From: marginmike	Respond to of 306849

also Rental market peaks in AUG, if an investor starts seeing his rents decline he wont be so quik to buy new properties. Also in the winter area's its a pain to winterize properties, and its costly.

To: David Jones who wrote (437)	8/28/2001 3:53:24 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 306849

What areas look best to pick up properties at cheaper prices? I would guess that California is going to take a real beating around the San Francisco Bay. California median prices up, year over year: inman.com

To: David Jones who wrote (437)	2/2/2002 6:32:17 PM
From: David Jones	Respond to of 306849

Real Estate I love it. I missed the boat November. Two properties I passed on because I was 50K short of being comfortable and didn't want a partner. One was a peach with a great location being a 2/1 and a 1/1 on a single lot. I'm now suffering buyers remorse. The local inventory has dropped form November's 360 to todays 140. Come March I very well might of made a fast 50K because of the lower supply. Now on the other hand some things just don't make sense. Rents are adjusting down for the most part across the board with apartments making up the largest part. But home prices are firming and creeping up. And IMO come March will be up simply on lower supply. On the other hand the rent price adjustments are from prices that I felt at the time to be too high and kept my rents under what I've been told at the time market conditions. So maybe the adjustment is tolerable to landlords pain threshold? Personally I generally do keep my rents under the market highs. I don't like vacancies sense a months loss can be a good piece of a years profit. I don't dismiss the MBA's and the highly educated here on the thread not my a long shot. All in all if we don't see the economic third quarter numbers advertised by so many various economists. And consumers get REALLY spooked and the economy tanks for a larger second wave to say like 95 real estate levels? I'll be wishing I'd sold it all in June. But that won't be a recession but something Mom and Dad had experience with. IF that be the case 10 year notes better look good enough to justify under 6% mortgages for another round of refinancing to float the boat. "I'd better check with Cleo.)" Maybe were in for a big old dose of inflation? Bigger paychecks make current debt look smaller.) "I expect a comment form an MBA, all or someone from that sentence!" If that's the case will home prices lock step up with inflation? While buildable land stagnates? After all fixed costs are just that and land will have to give, if you want to sell houses? regards; dave ps: I'm in N Calif, Bay area.