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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (72505)3/30/2011 8:23:04 AM
From: carranza2  Read Replies (1) | Respond to of 217948
 
I think it was Mark Twain who said something to the effect that in the US, except for San Francisco, New York and New Orleans, it is all Cleveland.

I live in NO and go to SF fairly often so I can vouch for Twain. I can take NYC only in small doses.

Sorry, Clevelanders.

The problem with Mexico City is crime.

If you are seen as wealthy, the risk of kidnapping becomes substantial. A friend goes regularly for biz. He hires bodyguards a/k/a 'guaruras.'



To: TobagoJack who wrote (72505)3/30/2011 9:12:15 AM
From: carranza2  Respond to of 217948
 
Pending foreclosures are 30x foreclosure sales.

That statistic says it all about residential RE, IMO.

dsnews.com



To: TobagoJack who wrote (72505)3/30/2011 9:45:34 AM
From: Riskmgmt  Read Replies (1) | Respond to of 217948
 
Hi TJ:
I am most impressed with your group of friends world wide and their knowledge of cities from Australia to Europe.

I will not argue the best cities to live, as of course, even if I had visited all of the places, living there is not the same as visiting. Above all else though, it comes down to personal preferences. Mexico City could be hell for someone who had no knowledge of Spanish and grew up in a small town.

In the same way I do not wish to debate whether Real Estate in the USA is declining further or improving. For me all Real Estate markets are local and investments are best made on that bases.

In the market where I am currently, one can buy well built houses for a price that will give one a 15+ % return. There is huge demand and limited supply. In addition the asset can be had for 1996-8 prices and there is a very good chance that over the next 5 to 10 years there will be another 5% plus per annum appreciation.

Hong Kong Property may do even better I do not know but here one can buy for $15-40 a foot which makes risk/reward attractive.
Rather than rely all the latest housing statistics and read all the analysis I go look and see for myself. Not saying this is the only way just it works for me. I think you do the same in Hong Kong.
The majority of people think housing in the USA is dead and decaying, so the contrary view might be worth a look. The lonely path etc.

Cheers,

R.



To: TobagoJack who wrote (72505)3/30/2011 11:09:57 AM
From: elmatador  Read Replies (1) | Respond to of 217948
 
Brazil to annex Portugal

video.ft.com



To: TobagoJack who wrote (72505)3/30/2011 4:04:34 PM
From: Canuck Dave  Read Replies (2) | Respond to of 217948
 
Got a riddle for you guys.

Today is the tenth anniversary of a very important market event. Do you know what it is?

CD

Hint: Nobody noticed.



To: TobagoJack who wrote (72505)4/1/2011 2:33:43 PM
From: Ilaine1 Recommendation  Read Replies (2) | Respond to of 217948
 
Housing prices rising around here. Depending on the area, of course. Strange but true.

That's one data point that cannot be faked. Someone pays x for a house, or does not.