There’s an article in money.cnn.com right now that talks about the housing markets that are likely to drop and those that are likely to go up. It lists Texas and North Carolina areas as places that are likely to go up.
It’s evidence of what I’ve been saying that not everyone is on a California/San Diego real estate cycle.
As for commercial, the properties I’ve been investigating cash flow well and that is the sign of a healthy market. I’m not trying to buy billion dollar properties. I’m just trying to buy small commercial properties. The most expensive one was a 12 unit for $775k. For that price, you can buy a house in San Diego, but in other places you can get a 12 unit that cash flows.
And let’s say the 12 unit goes down in value over the next 3 years. It still cash flows. As long the the properties make money, it is ok. The worst thing that happens is that I can’t refi money out of it.
There are opportunities out there if you do a little research. If you instantly say to yourself, well the entire U.S. is going to hell in a hand basket, it will blind you from the steps necessary to make you rich.
