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

To: John Vosilla who wrote (886)	8/10/2012 1:34:20 PM
From: tejek	Read Replies (1) \| Respond to of 2722

So you think the worst hit areas could almost triple to get back to the peak in five years? Oh yeah.........AZ housing prices currently are up 30% YOY. When CA and AZ recover, housing prices will move up fairly quickly. BTW job growth in CA and AZ is back to normal........half the national job growth over the past three months is due to CA..........that's all it will take for them to recover. Personally thinking we aren't off to the races just a once in a lifetime opportunity in many areas give where prices, rents, and interest rates currently line up. I just have never see IRR's and equity generation with even just modest appreciation and leverage with also as much safety and cushion via DCR as it is of late.. Actually gotten even better with prices a bit up due to the other factors Got to understand that CA and Phoenix have been thru this before........and both have restrictions on land use. With Phoenix, its the desert and the mts. With CA, its just no more land..........the coast around SF and LA, the OC and SD are pretty much built up.