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sdduuuude
Participant[quote=sdrealtor]… it could take as long as 10 years to get through this, that they will keep at it as they have been doing to work through all properties (what we refer to as shadow inventory) and that there will be no foreclosure tsunami.
My prediction for the RE is unchanged. We are in for a long period of stagnant/stable prices. No big ups or big downs.[/quote]
This makes alot of sense to me, but a less-volatile supply side suggests that we keep a more watchful eye on the demand side as an indicator of future direction.
Unemployment, health of small businesses, interest rates, loan availability, stock market (assuming people keep the money they save for a down payment in the market) and a few other things factor into this.
Participant[quote=sdrealtor]… it could take as long as 10 years to get through this, that they will keep at it as they have been doing to work through all properties (what we refer to as shadow inventory) and that there will be no foreclosure tsunami.
My prediction for the RE is unchanged. We are in for a long period of stagnant/stable prices. No big ups or big downs.[/quote]
This makes alot of sense to me, but a less-volatile supply side suggests that we keep a more watchful eye on the demand side as an indicator of future direction.
Unemployment, health of small businesses, interest rates, loan availability, stock market (assuming people keep the money they save for a down payment in the market) and a few other things factor into this.
Participant[quote=sdrealtor]… it could take as long as 10 years to get through this, that they will keep at it as they have been doing to work through all properties (what we refer to as shadow inventory) and that there will be no foreclosure tsunami.
My prediction for the RE is unchanged. We are in for a long period of stagnant/stable prices. No big ups or big downs.[/quote]
This makes alot of sense to me, but a less-volatile supply side suggests that we keep a more watchful eye on the demand side as an indicator of future direction.
Unemployment, health of small businesses, interest rates, loan availability, stock market (assuming people keep the money they save for a down payment in the market) and a few other things factor into this.
ParticipantI think if inflation or deflation had arrived, you wouldn’t have to post this as a question.
ParticipantI think if inflation or deflation had arrived, you wouldn’t have to post this as a question.
ParticipantI think if inflation or deflation had arrived, you wouldn’t have to post this as a question.
ParticipantI think if inflation or deflation had arrived, you wouldn’t have to post this as a question.
ParticipantI think if inflation or deflation had arrived, you wouldn’t have to post this as a question.
ParticipantHad RO and liked the taste of the water, but it was wasteful.
It also developed a costly problem after a couple years – a valve broke and was sending clean water down the drain 24/7 for several months.
It also took up alot of room under the sink.
Switched it out to an under-sink, in-line filter (better than a fridge filter) that is fine. The RO water did taste better, but the in-line is just fine.
ParticipantHad RO and liked the taste of the water, but it was wasteful.
It also developed a costly problem after a couple years – a valve broke and was sending clean water down the drain 24/7 for several months.
It also took up alot of room under the sink.
Switched it out to an under-sink, in-line filter (better than a fridge filter) that is fine. The RO water did taste better, but the in-line is just fine.
ParticipantHad RO and liked the taste of the water, but it was wasteful.
It also developed a costly problem after a couple years – a valve broke and was sending clean water down the drain 24/7 for several months.
It also took up alot of room under the sink.
Switched it out to an under-sink, in-line filter (better than a fridge filter) that is fine. The RO water did taste better, but the in-line is just fine.
ParticipantHad RO and liked the taste of the water, but it was wasteful.
It also developed a costly problem after a couple years – a valve broke and was sending clean water down the drain 24/7 for several months.
It also took up alot of room under the sink.
Switched it out to an under-sink, in-line filter (better than a fridge filter) that is fine. The RO water did taste better, but the in-line is just fine.
ParticipantHad RO and liked the taste of the water, but it was wasteful.
It also developed a costly problem after a couple years – a valve broke and was sending clean water down the drain 24/7 for several months.
It also took up alot of room under the sink.
Switched it out to an under-sink, in-line filter (better than a fridge filter) that is fine. The RO water did taste better, but the in-line is just fine.
ParticipantI see a few ways: 1) time it right 2) buy big chunks, cut it up, and sell the pieces, and 3) Identify land that is in the growth path of development, but is not recognized as such by others.
My parents purchased some land together with two other families back in the early 80’s. This was on the outskirts of Tucson. When they bought, it was a long way from anytyhing but Tucson grew right past it and it ended up being a nice part of the suburbs so they did well. I’m not seeing opportunities like that anywhere right now.
I also feel, as a guy who likes to build stuff, that there is a chance to save money on your primary residence by buying a lot and building a home on it – to live in. In a way, that is a land investment as it allows you to avoid developer-markup on both land and structure.
Buying a chunk of land in a fairly well-populated area just doesn’t seem like a good investment. It will be priced to the market and the only way to make money is for the market to go up.
But if you see some compelling reason why you think a piece of land will appreciate when a whole lot of real-estate is languishing, then do it.
If you feel that real-estate is a growth investment, it it makes sense. However, regarding items 1, 2, and 3 above – I just don’t see the economic climate supporting any of them for several years.
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