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

To: Jurgis Bekepuris who wrote (1220)	1/22/2013 2:08:44 PM
From: tejek	Read Replies (1) \| Respond to of 2722

Tech people love living in the Bay area. Rich tech people love living in the Bay area. Or young and stup... expecting to be rich. That's what they have been saying for more than 20 years and yet the stupid in the Bay area keep getting richer. A friend bought 1.5M house near Palo Alto. Not a mansion, just a regular run of the mill house that would cost maybe 400K in "overpriced" Boston suburbs, probably 200K in Chicago-subs and most Florida. Me? If I had spare 1.5M, I'd find much better places to put it. Not for me either but we have different priorities.

To: Jurgis Bekepuris who wrote (1220)	1/23/2013 6:47:17 PM
From: John Vosilla	1 Recommendation Respond to of 2722

Me? If I had spare 1.5M, I'd find much better places to put it. So true. You can probably generate $300k in passive income yearly in many of the bust markets.. The huge spread in home prices by location is like nothing ever seen before Remains to be seen exactly how it plays out though we all know what Bernanke wants to do.. More and more looks like we need to prepare for reflation across the board with most places playing catch up to the desireable closer in parts of our gateway cities IMHO..