- This topic has 5 replies, 5 voices, and was last updated 7 years, 8 months ago by Coronita.
October 5, 2015 at 5:53 PM #21709October 5, 2015 at 6:02 PM #789917spdrunParticipant
Sit on cash or buy other property, and wait for the mugs who bought at peak to be burnt.October 5, 2015 at 8:53 PM #789919ltsdddParticipant
[quote=spdrun]Sit on cash or buy other property, and wait for the mugs who bought at peak to be burnt.[/quote]
+1….and if you’re not adverse to risk and truly want to short that sub-market, try shorting REITs.
Personally, I don’t have the stomach to be on the short side. However, I am aggressively building up cash for that next blue-light special.October 5, 2015 at 9:11 PM #789920FlyerInHiGuest
REITs? I think that commercial properties have some more appreciation to go thanks to thr improving economy.
I read that hotels have low vacancy and are increasing rates all over.
But definitely, residential in major coastal cities have recovered very rapidly. But it’s not a nationwide bubble.
Not easy for the average person to build up cash waiting for crash in SF.
I personally see a return to 2008 peak with stagnation over time so inflation can take care of values in real terms. But the market is almost taped out now.
Some condos in Vegas are sitting for months because cash investors are out. Financing is not possible with low owner occupancy rates.October 5, 2015 at 9:39 PM #789922spdrunParticipant
Some condos in Vegas are sitting for months because cash investors are out. Financing is not possible with low owner occupancy rates.
Good! If they’re sitting, I think nominal values will fall as well.
Financing is always possible, just not from Fannie/Freddie/FHA loans. But if people aren’t buying, looks like there will be a fire sale soon.October 5, 2015 at 10:07 PM #789923CoronitaParticipant
[quote=FlyerInHi] Financing is not possible with low owner occupancy rates.[/quote]
For owner occupied, that’s not true.
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