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January 6, 2010 at 2:12 PM in reply to: More land, lowering costs, where would you move here in the West? #500110January 6, 2010 at 2:12 PM in reply to: More land, lowering costs, where would you move here in the West? #500204
clearfund
ParticipantCheck out this book by Rich Karlgaard, Editor of Forbes: “Life 2.0”
He has stories of business people (mostly small) who have left the big city behind to improve their life. Discusses the pros/cons and gives great insight into various types of towns: College Towns, up and comers, bohemian towns, middle of no where, etc.
Fun read too.
January 6, 2010 at 2:12 PM in reply to: More land, lowering costs, where would you move here in the West? #500457ParticipantCheck out this book by Rich Karlgaard, Editor of Forbes: “Life 2.0”
He has stories of business people (mostly small) who have left the big city behind to improve their life. Discusses the pros/cons and gives great insight into various types of towns: College Towns, up and comers, bohemian towns, middle of no where, etc.
Fun read too.
ParticipantA conservative accountant who loves bonds, and insurance??? Shocking!!!
I do find my finance side tempered by my business partner/CFO who was a former international tax partner at Andersen in New York, London, and Tokyo. He was so disgusted with the business after the Enron debacle (which he was no where near) that he retired until he unretired to partake in this evolving down real estate market.
I agree that there is more downside than upside today. However, one cannot rebuild a portfolio on the day everything seems rosy again.
I am of the philosophy that we get as work towards the bottom (at least as we can see) cautiously begin wading in (this is where we are now), pick up steam as the knife falls farther and likely wind down once the upside is realized by all.
A few before the bottom
A few at the bottom
A few after the bottomWe’ll see how the ‘speculation’ works out….
As Thomas Barrack of Colony Capital (multi $B RE Advisor) said of investing in this real estate market last fall “..up till now, everybody’s been wrong…”
ParticipantA conservative accountant who loves bonds, and insurance??? Shocking!!!
I do find my finance side tempered by my business partner/CFO who was a former international tax partner at Andersen in New York, London, and Tokyo. He was so disgusted with the business after the Enron debacle (which he was no where near) that he retired until he unretired to partake in this evolving down real estate market.
I agree that there is more downside than upside today. However, one cannot rebuild a portfolio on the day everything seems rosy again.
I am of the philosophy that we get as work towards the bottom (at least as we can see) cautiously begin wading in (this is where we are now), pick up steam as the knife falls farther and likely wind down once the upside is realized by all.
A few before the bottom
A few at the bottom
A few after the bottomWe’ll see how the ‘speculation’ works out….
As Thomas Barrack of Colony Capital (multi $B RE Advisor) said of investing in this real estate market last fall “..up till now, everybody’s been wrong…”
ParticipantA conservative accountant who loves bonds, and insurance??? Shocking!!!
I do find my finance side tempered by my business partner/CFO who was a former international tax partner at Andersen in New York, London, and Tokyo. He was so disgusted with the business after the Enron debacle (which he was no where near) that he retired until he unretired to partake in this evolving down real estate market.
I agree that there is more downside than upside today. However, one cannot rebuild a portfolio on the day everything seems rosy again.
I am of the philosophy that we get as work towards the bottom (at least as we can see) cautiously begin wading in (this is where we are now), pick up steam as the knife falls farther and likely wind down once the upside is realized by all.
A few before the bottom
A few at the bottom
A few after the bottomWe’ll see how the ‘speculation’ works out….
As Thomas Barrack of Colony Capital (multi $B RE Advisor) said of investing in this real estate market last fall “..up till now, everybody’s been wrong…”
ParticipantA conservative accountant who loves bonds, and insurance??? Shocking!!!
I do find my finance side tempered by my business partner/CFO who was a former international tax partner at Andersen in New York, London, and Tokyo. He was so disgusted with the business after the Enron debacle (which he was no where near) that he retired until he unretired to partake in this evolving down real estate market.
I agree that there is more downside than upside today. However, one cannot rebuild a portfolio on the day everything seems rosy again.
I am of the philosophy that we get as work towards the bottom (at least as we can see) cautiously begin wading in (this is where we are now), pick up steam as the knife falls farther and likely wind down once the upside is realized by all.
A few before the bottom
A few at the bottom
A few after the bottomWe’ll see how the ‘speculation’ works out….
As Thomas Barrack of Colony Capital (multi $B RE Advisor) said of investing in this real estate market last fall “..up till now, everybody’s been wrong…”
ParticipantA conservative accountant who loves bonds, and insurance??? Shocking!!!
I do find my finance side tempered by my business partner/CFO who was a former international tax partner at Andersen in New York, London, and Tokyo. He was so disgusted with the business after the Enron debacle (which he was no where near) that he retired until he unretired to partake in this evolving down real estate market.
I agree that there is more downside than upside today. However, one cannot rebuild a portfolio on the day everything seems rosy again.
I am of the philosophy that we get as work towards the bottom (at least as we can see) cautiously begin wading in (this is where we are now), pick up steam as the knife falls farther and likely wind down once the upside is realized by all.
A few before the bottom
A few at the bottom
A few after the bottomWe’ll see how the ‘speculation’ works out….
As Thomas Barrack of Colony Capital (multi $B RE Advisor) said of investing in this real estate market last fall “..up till now, everybody’s been wrong…”
January 6, 2010 at 11:42 AM in reply to: More land, lowering costs, where would you move here in the West? #499525ParticipantWe did the same thing and settled on Denver as it is sunny 300+ days/yr and although snows in the winter it is limited and it is also a dry climate (we wanted to avoid humidity).
Also know people who relocated to Boise, ID….$$$ goes a long way and the airport is easy and brand new.
January 6, 2010 at 11:42 AM in reply to: More land, lowering costs, where would you move here in the West? #499675ParticipantWe did the same thing and settled on Denver as it is sunny 300+ days/yr and although snows in the winter it is limited and it is also a dry climate (we wanted to avoid humidity).
Also know people who relocated to Boise, ID….$$$ goes a long way and the airport is easy and brand new.
January 6, 2010 at 11:42 AM in reply to: More land, lowering costs, where would you move here in the West? #500070ParticipantWe did the same thing and settled on Denver as it is sunny 300+ days/yr and although snows in the winter it is limited and it is also a dry climate (we wanted to avoid humidity).
Also know people who relocated to Boise, ID….$$$ goes a long way and the airport is easy and brand new.
January 6, 2010 at 11:42 AM in reply to: More land, lowering costs, where would you move here in the West? #500164ParticipantWe did the same thing and settled on Denver as it is sunny 300+ days/yr and although snows in the winter it is limited and it is also a dry climate (we wanted to avoid humidity).
Also know people who relocated to Boise, ID….$$$ goes a long way and the airport is easy and brand new.
January 6, 2010 at 11:42 AM in reply to: More land, lowering costs, where would you move here in the West? #500416ParticipantWe did the same thing and settled on Denver as it is sunny 300+ days/yr and although snows in the winter it is limited and it is also a dry climate (we wanted to avoid humidity).
Also know people who relocated to Boise, ID….$$$ goes a long way and the airport is easy and brand new.
Participantps: I am seeing some luxury homes coming in at 50% of their peak when bought in a new community with very little collective equity ($7mm home in the low $4mm – mid $3mm range).
These homes are racing towards the replacement cost of the structure which is typically $300/sf +/-depending on how ‘tricked out’ they got with their finishes and personalization.
Participantps: I am seeing some luxury homes coming in at 50% of their peak when bought in a new community with very little collective equity ($7mm home in the low $4mm – mid $3mm range).
These homes are racing towards the replacement cost of the structure which is typically $300/sf +/-depending on how ‘tricked out’ they got with their finishes and personalization.
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