Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (866)	8/6/2012 7:53:16 PM
From: tejek	Respond to of 2722

Equity and cash flow the holy grails. As to land there is plenty of vacant land but either government controlled, not feasible to go through the approval, rezoning and subdividing process, build improvements and infrastructure or worth very little as too far from where people want to live. We have a unique situation in many parts of FL where countless land booms going back to the 1920's allowed platted subdivisions with infrastructure to be approved thus hundreds of thousands of lots sold to individual speculators ready to build on at any time thus keeping a lid on appreciation during even normal uptrending periods. That's just the opposite to the west coast where there is less and less land to develop.

To: John Vosilla who wrote (866)	8/6/2012 7:55:34 PM
From: MoneyPenny	1 Recommendation Read Replies (1) \| Respond to of 2722

$5 down and $5 a month in the 60's and early 70's made Cape Coral one of the largest cities (land area only) in Florida. Miles of unimproved roads, no sewers, dismal and basically owned by many individual estates. Sold with a Fly Em Dine Em and Sign Em deal with a cheap vacation in Florida. Cape Coral, or Cape Coma as it is affectionately called here, is the poster child for this.

To: John Vosilla who wrote (866)	8/7/2012 1:57:30 AM
From: tejek	Read Replies (1) \| Respond to of 2722

Everything I keep reading about foreclosures is that the worst is over as far as it concerns the local market. King County house prices up from 2011, down from June By AUBREY COHEN, SEATTLEPI.COM STAFF Updated 1:15 p.m., Monday, August 6, 2012 Seattle-area house prices posted another gain in July, while cooling a bit from June, according to a new report. The median price of a King County house that sold in July was $375,250, up 7.2 percent from a year earlier but down 1.3 percent from June, the Northwest Multiple Listing Service reported Monday. June saw the county's first double-digit year-to-year gain since the housing bust. After three straight months of double-digit increases, Seattle saw its median rise just 6.3 percent from a year earlier in July, to $425,000. That was unchanged from June. Sales of houses and condos jumped by 27.5 percent from a year ago countywide and 24.1 percent in Seattle. Pending sales, which don't all close but can be the best indicator of recent activity, were up by 12.6 percent countywide and 14 percent in Seattle. The story continues to be extremely low inventory. The county had 2.4 months worth of homes for sale at the current pace in July. That's unchanged from June and down from 5.4 months worth of homes for sale in July 2011. Seattle had 2.2 months worth of inventory, down from 4.6 months a year earlier but up from 2 months in June. "Counter to the historic yearly pattern of increasing inventory from January to late summer, this year we have seen inventory levels shrink month over month," Joe Spencer, Keller Williams Northwest Region director, said in a listing service news release. "This pattern of shrinking inventory, historically low interest rates and higher consumer confidence clearly signals that the market is on the rebound." A lower level of "distressed homes" -- those in or under threat of foreclosure -- has helped buoy prices, because these homes typically sell at a discount. The fact that banks have been able to efficiently deal with distressed homes also has eased fears that these homes would be a drag on the market, Spencer said. "All of this bodes well for a sustainable housing recovery." Condominium prices are weaker than those for houses. The median price of a King County condo that sold in July was $200,500, up just 0.25 percent from a year earlier and down 8.9 percent from June. Seattle condos were weaker, with a median price, $250,000, down 2 percent from a year earlier and 7.4 percent from June. Read more real estate news. Visit seattlepi.com's home page for more Seattle news. Read more: seattlepi.com