Raybirnes – I drive through the neighborhoods you mention and see the properties you refer to
Interesting that my perspective is different than yours
What I see are flippers who are about 18 months too late and may or may not realize it yet
Many of these properties are being way overbuilt for the general area and/or specific location – for example, building a spec home on the narrow, curved portion of Ingraham just before crossing the bridge and thinking that somebody is going to pay $1+ mil for it is stupid
Another example of stupid building: the condos on Garnet just as you enter PB – the creek right next to these condos ALWAYS smells like sewage – so for half-a-mil you can own a condo next to a creek that smells like shit
Anyway, you look at these properties and see a strong market, I look at these properties and see the last gasps of a real estate boom – it actually amuses me to think of how F’d these flippers/builders are at this point
~
As an aside: if you want to call someone a simpleton you should ensure that you don’t look like one yourself – have you heard of spell-check? “Once again on the attach. You are a simpleton. Credit has already been factored into all analasys.”
