What’s next for global/local RE?

[flyer]

I agree that getting involved in real estate today is much more challenging than it was when we did so 20+ years ago, and when my parents did so 20+ years before that. Those who have purchased and held property for many years (and there are many) should be fine–especially in desirable markets–even if we have another downturn.

[phaster]

[quote=kev374]I don’t give a flying F, tired of this nonsense. Staying out of real estate completely. Will continue to rent, works for me. Buying makes no sense whatsoever…it’s a game of musical chairs and I don’t want to be the one without a chair when the music stops.[/quote]

what’s not like about RE as a spectator sport?

could it be RE as a spectator sport only reminds the 99% that it sucks to be poor!

from what I gather in SD it seems that 55% of renters spend > 1/3 of their income on a place to live…

https://www.apartmentlist.com/rentonomics/which-cities-and-states-have-the-most-cost-burdened-renters/

FWIW seems “smart money” is selling everywhere I look… and that tells me those so-called professional investors expect the music to perhaps soon stop playing and a envision chair to be taken away!

few weeks ago read an article in the WSJ reporting a sale of twenty-three thousand units, anyway today got another cold call from RE agents asking if I was interested in buying or selling

what got my attention is a local architect/developer

just listed a couple of his holdings in the neighborhood

http://www.loopnet.com/Listing/19501245/2604-B-Street-San-Diego-CA/

http://www.loopnet.com/Listing/19501188/1945-B-Street-San-Diego-CA/

[FlyerInHi]

[quote=phaster][quote=kev374]I don’t give a flying F, tired of this nonsense. Staying out of real estate completely. Will continue to rent, works for me. Buying makes no sense whatsoever…it’s a game of musical chairs and I don’t want to be the one without a chair when the music stops.[/quote]

what’s not like about RE as a spectator sport?

could it be RE as a spectator sport only reminds the 99% that it sucks to be poor!

from what I gather in SD it seems that 55% of renters spend > 1/3 of their income on a place to live…

https://www.apartmentlist.com/rentonomics/which-cities-and-states-have-the-most-cost-burdened-renters/

FWIW seems “smart money” is selling everywhere I look… and that tells me those so-called professional investors expect the music to perhaps soon stop playing and a envision chair to be taken away!

few weeks ago read an article in the WSJ reporting a sale of twenty-three thousand units, anyway today got another cold call from RE agents asking if I was interested in buying or selling

what got my attention is a local architect/developer

just listed a couple of his holdings in the neighborhood

http://www.loopnet.com/Listing/19501245/2604-B-Street-San-Diego-CA/

http://www.loopnet.com/Listing/19501188/1945-B-Street-San-Diego-CA/
[/quote]

Jonathan Segal is an awesome architect. I have been admiring his work for a couple decades. The early units were kinda cheaply built but the design was innovative and ahead of its time.

[Author]

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