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

To: bentway who wrote (31686)	5/21/2005 4:12:35 PM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

I thought SLC was hot. All the San Diego investors are bragging about how well they are doing in Utah. websitetoolbox.com Author Comment Trish i looked at AZ, TX, NM, FL, NY, WA before finally choosing UT. AZ - already too much appreciation in the residential market. i've missed the boat. vacancies are sky-high. commercial still seems good. TX - according to bruce norris's data, it really hasnt done anything exciting in the past 25 yrs. its a safe place to park money. plus the 3% property tax kills your cashflow. NM - its looks like a safe place to park your money. a few people on this board used to live there and say the local government is not pro-biz. FL - too late to the party. plus 2% property tax. i bought 2 pre-construction houses there 10 months ago, but the builder has gone under, so i'm not sure of the status. WA - mainly looked at seattle since i went there last july. local economy not diverse enough for my liking. only 2 main biz - starbucks and microsoft. although the projected job growth is there, the salaries still seem low compared to the house prices/rents. NY - looked at upstate new york. property tax is over 5%. job growth and population growth are both negative. good cashflow but i'll wait for the indicators to turn before venturing into this territory. UT - finally something i like! positive job and population growth. the market has been flat for several years and has just started to perk up. was 6.5% avg last year - that made front page news!!! govenor is pro-biz (he would be, he's the son of a billionaire!) Bruce Norris also said utah follows an opposite cycle from california. at this point i stopped looking for places to invest and started looking for deals and a team. found both!!! i've tied up with builders, land developers and property mgmt companies in areas i think will do extremely well in the next few years. email me if you want more info. (niravmd@gmail.com) good luck & happy investing. __________________ Make your investments work hard so you don't have to!