- This topic has 40 replies, 6 voices, and was last updated 16 years, 6 months ago by
peterb.
-
AuthorPosts
-
August 21, 2008 at 10:15 PM #13638August 21, 2008 at 10:28 PM #259908
barnaby33
ParticipantSo you want to invest in Real Estate in SoCal, but you don’t want to lose money. Hmmm good luck! Any area that qualifies as a vacation area in SD is coastal, and still grossly overpriced.
4plexowner always used 8-10 GRM as his yardstick and its a stick I’m comfortable with too. If properties don’t come down to that, then they aren’t investments, they are speculative plays.
You are right to be fearful of Temecula we are entering the tumultuous period not leaving it behind.
Losing faith in the markets is both a healthy and dangerous response. Its as if you think there is some safe sure bet out there, real estate maybe.
The fundamental lesson to learn about the period we are in is that NO investment is safe, not in terms that we are used to thinking. What matters most here and now is liquidity. Return of capital trumps return on capital in insecure times.
August 21, 2008 at 10:28 PM #260102barnaby33
ParticipantSo you want to invest in Real Estate in SoCal, but you don’t want to lose money. Hmmm good luck! Any area that qualifies as a vacation area in SD is coastal, and still grossly overpriced.
4plexowner always used 8-10 GRM as his yardstick and its a stick I’m comfortable with too. If properties don’t come down to that, then they aren’t investments, they are speculative plays.
You are right to be fearful of Temecula we are entering the tumultuous period not leaving it behind.
Losing faith in the markets is both a healthy and dangerous response. Its as if you think there is some safe sure bet out there, real estate maybe.
The fundamental lesson to learn about the period we are in is that NO investment is safe, not in terms that we are used to thinking. What matters most here and now is liquidity. Return of capital trumps return on capital in insecure times.
August 21, 2008 at 10:28 PM #260115barnaby33
ParticipantSo you want to invest in Real Estate in SoCal, but you don’t want to lose money. Hmmm good luck! Any area that qualifies as a vacation area in SD is coastal, and still grossly overpriced.
4plexowner always used 8-10 GRM as his yardstick and its a stick I’m comfortable with too. If properties don’t come down to that, then they aren’t investments, they are speculative plays.
You are right to be fearful of Temecula we are entering the tumultuous period not leaving it behind.
Losing faith in the markets is both a healthy and dangerous response. Its as if you think there is some safe sure bet out there, real estate maybe.
The fundamental lesson to learn about the period we are in is that NO investment is safe, not in terms that we are used to thinking. What matters most here and now is liquidity. Return of capital trumps return on capital in insecure times.
August 21, 2008 at 10:28 PM #260163barnaby33
ParticipantSo you want to invest in Real Estate in SoCal, but you don’t want to lose money. Hmmm good luck! Any area that qualifies as a vacation area in SD is coastal, and still grossly overpriced.
4plexowner always used 8-10 GRM as his yardstick and its a stick I’m comfortable with too. If properties don’t come down to that, then they aren’t investments, they are speculative plays.
You are right to be fearful of Temecula we are entering the tumultuous period not leaving it behind.
Losing faith in the markets is both a healthy and dangerous response. Its as if you think there is some safe sure bet out there, real estate maybe.
The fundamental lesson to learn about the period we are in is that NO investment is safe, not in terms that we are used to thinking. What matters most here and now is liquidity. Return of capital trumps return on capital in insecure times.
August 21, 2008 at 10:28 PM #260203barnaby33
ParticipantSo you want to invest in Real Estate in SoCal, but you don’t want to lose money. Hmmm good luck! Any area that qualifies as a vacation area in SD is coastal, and still grossly overpriced.
4plexowner always used 8-10 GRM as his yardstick and its a stick I’m comfortable with too. If properties don’t come down to that, then they aren’t investments, they are speculative plays.
You are right to be fearful of Temecula we are entering the tumultuous period not leaving it behind.
Losing faith in the markets is both a healthy and dangerous response. Its as if you think there is some safe sure bet out there, real estate maybe.
The fundamental lesson to learn about the period we are in is that NO investment is safe, not in terms that we are used to thinking. What matters most here and now is liquidity. Return of capital trumps return on capital in insecure times.
August 21, 2008 at 11:52 PM #259933peterb
ParticipantI would agree with barnaby33 about vacation rentals are at the coast and the coast is not cheap. Yet. A lot more hurtin needs to happen. IMO.
August 21, 2008 at 11:52 PM #260128peterb
ParticipantI would agree with barnaby33 about vacation rentals are at the coast and the coast is not cheap. Yet. A lot more hurtin needs to happen. IMO.
August 21, 2008 at 11:52 PM #260140peterb
ParticipantI would agree with barnaby33 about vacation rentals are at the coast and the coast is not cheap. Yet. A lot more hurtin needs to happen. IMO.
August 21, 2008 at 11:52 PM #260188peterb
ParticipantI would agree with barnaby33 about vacation rentals are at the coast and the coast is not cheap. Yet. A lot more hurtin needs to happen. IMO.
August 21, 2008 at 11:52 PM #260227peterb
ParticipantI would agree with barnaby33 about vacation rentals are at the coast and the coast is not cheap. Yet. A lot more hurtin needs to happen. IMO.
August 22, 2008 at 11:54 AM #260362(former)FormerSanDiegan
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
August 22, 2008 at 11:54 AM #260323(former)FormerSanDiegan
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
August 22, 2008 at 11:54 AM #260275(former)FormerSanDiegan
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
August 22, 2008 at 11:54 AM #260264(former)FormerSanDiegan
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
-
AuthorPosts
- You must be logged in to reply to this topic.