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maktbone.
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May 19, 2009 at 4:03 PM #403069May 19, 2009 at 5:28 PM #402391
Bob
ParticipantI’d rather be dead than invest in the Phoenix market. Unlike other desert cities such as Las Vegas, the Phoenix area has nearly UNLIMITED land to build out, which means supply will never become limited in future years. Rents in Phoenix generally are lower than other big cities, while the supply of rentals is usually a bit higher than other markets. Thats a recipe for disaster for investors. Unless an investor gets in with a sure thing positive cash flow, I wouldn’t walk..I’d RUN away from that market if I planned on holding the property long term.
What most of the articles don’t tell you is that the many of the so called “investors” are really institutional investors,ie, organizations that purchase in bulk directly from the banks and then flip. The banks can afford to sell in bulk at greatly reduced discounts….why ? Because the Feds are subsidizing the banks loses. You don’t like it ? Blame Obama.
May 19, 2009 at 5:28 PM #402643ParticipantI’d rather be dead than invest in the Phoenix market. Unlike other desert cities such as Las Vegas, the Phoenix area has nearly UNLIMITED land to build out, which means supply will never become limited in future years. Rents in Phoenix generally are lower than other big cities, while the supply of rentals is usually a bit higher than other markets. Thats a recipe for disaster for investors. Unless an investor gets in with a sure thing positive cash flow, I wouldn’t walk..I’d RUN away from that market if I planned on holding the property long term.
What most of the articles don’t tell you is that the many of the so called “investors” are really institutional investors,ie, organizations that purchase in bulk directly from the banks and then flip. The banks can afford to sell in bulk at greatly reduced discounts….why ? Because the Feds are subsidizing the banks loses. You don’t like it ? Blame Obama.
May 19, 2009 at 5:28 PM #402875ParticipantI’d rather be dead than invest in the Phoenix market. Unlike other desert cities such as Las Vegas, the Phoenix area has nearly UNLIMITED land to build out, which means supply will never become limited in future years. Rents in Phoenix generally are lower than other big cities, while the supply of rentals is usually a bit higher than other markets. Thats a recipe for disaster for investors. Unless an investor gets in with a sure thing positive cash flow, I wouldn’t walk..I’d RUN away from that market if I planned on holding the property long term.
What most of the articles don’t tell you is that the many of the so called “investors” are really institutional investors,ie, organizations that purchase in bulk directly from the banks and then flip. The banks can afford to sell in bulk at greatly reduced discounts….why ? Because the Feds are subsidizing the banks loses. You don’t like it ? Blame Obama.
May 19, 2009 at 5:28 PM #402936ParticipantI’d rather be dead than invest in the Phoenix market. Unlike other desert cities such as Las Vegas, the Phoenix area has nearly UNLIMITED land to build out, which means supply will never become limited in future years. Rents in Phoenix generally are lower than other big cities, while the supply of rentals is usually a bit higher than other markets. Thats a recipe for disaster for investors. Unless an investor gets in with a sure thing positive cash flow, I wouldn’t walk..I’d RUN away from that market if I planned on holding the property long term.
What most of the articles don’t tell you is that the many of the so called “investors” are really institutional investors,ie, organizations that purchase in bulk directly from the banks and then flip. The banks can afford to sell in bulk at greatly reduced discounts….why ? Because the Feds are subsidizing the banks loses. You don’t like it ? Blame Obama.
May 19, 2009 at 5:28 PM #403084ParticipantI’d rather be dead than invest in the Phoenix market. Unlike other desert cities such as Las Vegas, the Phoenix area has nearly UNLIMITED land to build out, which means supply will never become limited in future years. Rents in Phoenix generally are lower than other big cities, while the supply of rentals is usually a bit higher than other markets. Thats a recipe for disaster for investors. Unless an investor gets in with a sure thing positive cash flow, I wouldn’t walk..I’d RUN away from that market if I planned on holding the property long term.
What most of the articles don’t tell you is that the many of the so called “investors” are really institutional investors,ie, organizations that purchase in bulk directly from the banks and then flip. The banks can afford to sell in bulk at greatly reduced discounts….why ? Because the Feds are subsidizing the banks loses. You don’t like it ? Blame Obama.
May 19, 2009 at 5:30 PM #402396Nor-LA-SD-guy
Participant[quote=carlsbadworker][quote=peterb]Well, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again. [/quote]
But the people who bought (TG included) are only buying for their primary residence. Agree that price is not a motivator for purchasing to an investor. That is why for me, I am only looking to be a RE investor at least 5-7 years from now.
[/quote]Buy when it’s low and flows I say (Just My opinion),
Worked in 1996 and I think it will work in T.V. Now.
I have never owned a home less than ten years, but good luck with that momentum thing.
I think Day trading QQQQ would be easier (a lot less work anyway).
May 19, 2009 at 5:30 PM #402648Participant[quote=carlsbadworker][quote=peterb]Well, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again. [/quote]
But the people who bought (TG included) are only buying for their primary residence. Agree that price is not a motivator for purchasing to an investor. That is why for me, I am only looking to be a RE investor at least 5-7 years from now.
[/quote]Buy when it’s low and flows I say (Just My opinion),
Worked in 1996 and I think it will work in T.V. Now.
I have never owned a home less than ten years, but good luck with that momentum thing.
I think Day trading QQQQ would be easier (a lot less work anyway).
May 19, 2009 at 5:30 PM #402880Participant[quote=carlsbadworker][quote=peterb]Well, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again. [/quote]
But the people who bought (TG included) are only buying for their primary residence. Agree that price is not a motivator for purchasing to an investor. That is why for me, I am only looking to be a RE investor at least 5-7 years from now.
[/quote]Buy when it’s low and flows I say (Just My opinion),
Worked in 1996 and I think it will work in T.V. Now.
I have never owned a home less than ten years, but good luck with that momentum thing.
I think Day trading QQQQ would be easier (a lot less work anyway).
May 19, 2009 at 5:30 PM #402941Participant[quote=carlsbadworker][quote=peterb]Well, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again. [/quote]
But the people who bought (TG included) are only buying for their primary residence. Agree that price is not a motivator for purchasing to an investor. That is why for me, I am only looking to be a RE investor at least 5-7 years from now.
[/quote]Buy when it’s low and flows I say (Just My opinion),
Worked in 1996 and I think it will work in T.V. Now.
I have never owned a home less than ten years, but good luck with that momentum thing.
I think Day trading QQQQ would be easier (a lot less work anyway).
May 19, 2009 at 5:30 PM #403089Participant[quote=carlsbadworker][quote=peterb]Well, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again. [/quote]
But the people who bought (TG included) are only buying for their primary residence. Agree that price is not a motivator for purchasing to an investor. That is why for me, I am only looking to be a RE investor at least 5-7 years from now.
[/quote]Buy when it’s low and flows I say (Just My opinion),
Worked in 1996 and I think it will work in T.V. Now.
I have never owned a home less than ten years, but good luck with that momentum thing.
I think Day trading QQQQ would be easier (a lot less work anyway).
May 19, 2009 at 6:50 PM #402441DWCAP
Participant[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]
It all depends on where those people want to buy. TV has come down to a point where a good case can be made that it is a good time to buy a house, if you have the money and finances (job, savings, security…) to be smart about it. Bottom or not, alot of people will take close enough for them.
The nicer parts of SD however are taking longer, so the piggs who wanna live there are waiting longer. So we will eventually get to a point where more and more piggs are buyers as their areas get realistic. This is the natural course of things, and is a good thing.Then there will be the taunting posts where cause someone is richer than I he must be smarter than I, or because I dont wanna buy when you think it is a bottom it must mean I will never buy. I personally just shrug those posts off, cause they offer little more than a superior attitude most would recognize on a middle school playground. If I miss the bottom and eventually pay more for a house than I could have, eh that is what I get for my decisions. (Imagine that, economic consequences/rewards for my decisions! Currently we are in the special ed, ‘Everyone is a winner’ mentality)
May 19, 2009 at 6:50 PM #402693Participant[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]
It all depends on where those people want to buy. TV has come down to a point where a good case can be made that it is a good time to buy a house, if you have the money and finances (job, savings, security…) to be smart about it. Bottom or not, alot of people will take close enough for them.
The nicer parts of SD however are taking longer, so the piggs who wanna live there are waiting longer. So we will eventually get to a point where more and more piggs are buyers as their areas get realistic. This is the natural course of things, and is a good thing.Then there will be the taunting posts where cause someone is richer than I he must be smarter than I, or because I dont wanna buy when you think it is a bottom it must mean I will never buy. I personally just shrug those posts off, cause they offer little more than a superior attitude most would recognize on a middle school playground. If I miss the bottom and eventually pay more for a house than I could have, eh that is what I get for my decisions. (Imagine that, economic consequences/rewards for my decisions! Currently we are in the special ed, ‘Everyone is a winner’ mentality)
May 19, 2009 at 6:50 PM #402925Participant[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]
It all depends on where those people want to buy. TV has come down to a point where a good case can be made that it is a good time to buy a house, if you have the money and finances (job, savings, security…) to be smart about it. Bottom or not, alot of people will take close enough for them.
The nicer parts of SD however are taking longer, so the piggs who wanna live there are waiting longer. So we will eventually get to a point where more and more piggs are buyers as their areas get realistic. This is the natural course of things, and is a good thing.Then there will be the taunting posts where cause someone is richer than I he must be smarter than I, or because I dont wanna buy when you think it is a bottom it must mean I will never buy. I personally just shrug those posts off, cause they offer little more than a superior attitude most would recognize on a middle school playground. If I miss the bottom and eventually pay more for a house than I could have, eh that is what I get for my decisions. (Imagine that, economic consequences/rewards for my decisions! Currently we are in the special ed, ‘Everyone is a winner’ mentality)
May 19, 2009 at 6:50 PM #402986Participant[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]
It all depends on where those people want to buy. TV has come down to a point where a good case can be made that it is a good time to buy a house, if you have the money and finances (job, savings, security…) to be smart about it. Bottom or not, alot of people will take close enough for them.
The nicer parts of SD however are taking longer, so the piggs who wanna live there are waiting longer. So we will eventually get to a point where more and more piggs are buyers as their areas get realistic. This is the natural course of things, and is a good thing.Then there will be the taunting posts where cause someone is richer than I he must be smarter than I, or because I dont wanna buy when you think it is a bottom it must mean I will never buy. I personally just shrug those posts off, cause they offer little more than a superior attitude most would recognize on a middle school playground. If I miss the bottom and eventually pay more for a house than I could have, eh that is what I get for my decisions. (Imagine that, economic consequences/rewards for my decisions! Currently we are in the special ed, ‘Everyone is a winner’ mentality)
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