Deja Vu

[moneymaker]

Driving around downtown yesterday I couldn’t help noticing all the building going on. Reminded me of 2008 or maybe before that even. I’m glad to see it, as it will increase supply of housing, but seems to me whenever a building boom is going on a housing bust soon follows. It may take a while but does anyone else feel the same way? Oh yeah and just happen to see this property http://www.sdlookup.com/MLS-180017637-1837_Lemon_Grove_Ave_Lemon_Grove_CA_91945 hey if you can’t sell it at 415k maybe you need to raise the price to 437k? On the market over 30 days,I just don’t get it! Perhaps it is marketing, so they can reduce it later!

[The-Shoveler]

IMO a better comparison would be 2003 or 2004 .

or maybe 1984 -1985 .

[FlyerInHi]

I’m waiting for the next housing recession to buy and apartment building or a small hotel.
Or maybe brick and mortar is no good and I should invest in tech.

[spdrun]

Hotels are fine. People will still like to travel and be “away from their spouse for half a night.” 🙂

[FlyerInHi]

I have this Airbnb idea where I would rent turn key furnished apartments to people who would otherwise stay in extended stay hotels. Maybe they have a 6 month assignment, a sabbatical or whatever.

It would be 30 days or more so I don’t run afoul of local housing ordinances. It would be a well designed apartment complex of beautiful 1 bedroom apartments. Something out of the ordinary.

Did you notice the innovation in hotels for millennials. The big chains are trying to rethink the typical Holiday Inn/Hilton concept.

[Ribbles]

There’s a market for it – in some areas more than others. My sister rents almost exclusively to those people. There are a surprising number of them who have several months off/year, or work from wherever they happen to be. “I think I’ll spend the fall mountain biking in Idaho.” At her Spokane house, it’s usually travel nurses.

[FlyerInHi]

[quote=Ribbles]There’s a market for it – in some areas more than others. My sister rents almost exclusively to those people. There are a surprising number of them who have several months off/year, or work from wherever they happen to be. “I think I’ll spend the fall mountain biking in Idaho.” At her Spokane house, it’s usually travel nurses.[/quote]

Yeah. That’s what I discovered. I want a whole apartment building in a good location. I will make it like an architect designed space. That would be better than separate condos. Plus I could employ a cleaning lady full time and provide services that delight my tenants.

The most interesting tenant I had was a programmer who works from home. He’s lived all over the world. Very smart but not agressive guy. Very easy going.

[Author]

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