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

To: RetiredNow who wrote (1966)	10/25/2013 12:17:29 PM
From: John Vosilla	1 Recommendation Recommended By Jurgis Bekepuris Respond to of 2722

I bought this one earlier this year..made some nice upgrades, lots of TLC turned it into the best home on the block after it was sitting empty and rotting away for years.. Zillow reflects the changes accurately though maybe a bit too optimistic on current price bump but I am renting them for the cycle anyway so matters little to me.. zillow.com

To: RetiredNow who wrote (1966)	12/11/2013 7:28:53 PM
From: John Vosilla	Read Replies (2) \| Respond to of 2722

When I first noticed the U.S. housing bubble in spring of 2001, I never imagined it would last as long or get as big as it did. Real estate activity peaked in the summer of 2005, but home prices kept rising for another year. In spring of 2006, I couldn't believe that real estate prices were still rising even though housing inventories were also rising. Therefore, at a time when many people denied the existence of a housing bubble, I created these real estate charts in an effort to warn people that they were over-paying for real estate. Now, over a dozen years after I first noticed the housing bubble and many years after I first created these real estate charts, the U.S. national housing bubble has completely deflated. Since the beginning of 2012, however, a new housing bubble has been rapidly forming in the western United States—especially in California. This site aims to inform people about the current state of the real estate market with inflation-adjusted charts and spreadsheets showing today's real estate prices compared to their historical norm. Inflation-adjusted house prices The above chart estimates the market value of today's median-priced house over a 40-year period, thus controlling for the fact that housing sizes have changed over time. The thick red line represents real house prices. For those unfamiliar with economic terminology, "real" prices are prices that have been adjusted for inflation. The thick blue line represents nominal house prices. The thin lines represent the pre-bubble (1970-1999) trend lines. Download the spreadsheet jparsons.net