thebestmanager
New Member
Cash: $ 0.25
Posts: 4
Joined: 06 Aug 2005
Location: Ohio
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Any new hot-spots for real estate?
I own my own company. My company invests in movies. If you want to be a part of one of the best money making investments, contact me at manz_97@hotmail.com
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Sat Aug 06, 2005 2:01 am |
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SoFlaREI
New Member
Cash: $ 0.75
Posts: 8
Joined: 28 Aug 2005
Location: West Palm Beach
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Year-over-year gain in median home price during the 2nd quarter of 2005:
1) Phoenix-Mesa-Scottsdale, Ariz.: 47.0%
2) Cape Coral-Fort Myers: 45.2%
3) Palm Bay-Melbourne-Titusville: 40.0%
4) Orlando: 36.5%
5) Sarasota-Bradenton-Venice: 34.3%
6) Reno-Sparks, Nev.: 32.1%
7) Miami-Fort Lauderdale-Miami Beach: 31.7%
8) Deltona-Daytona Beach-Ormond Beach: 31.2%
9) Durham, N.C.: 30.9%
10) Tucson, Ariz.: 30.0%
SOURCE: National Association of Realtors
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Sun Aug 28, 2005 12:48 pm |
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BiometricVision
New Member
Cash: $ 1.50
Posts: 7
Joined: 24 Sep 2005
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New Tampa Florida
BiometricComputers.com
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Sat Sep 24, 2005 10:47 pm |
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forexdaytrading
Full Member
Cash: $ 12.40
Posts: 71
Joined: 14 Jul 2005
Location: Miami, Florida, USA
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thebestmanager, the top 10 list is probably the worst place to look for opportunities. Those are the areas that are subject to the highest degree of speculation. It's like investing in mutual funds by looking at Money's top-ten mutual funds list for the prior year. The degree of speculation in real estate has gotten so high that people believe that it is almost a sure thing that price gains in an area have to be the same next year as the year prior. This is silly. This is not the norm. These astronomical price increases started around 1997 and cannot be explained by population growth, building cost increases (it is actually cheaper to build a home today than 10 years ago), or interest rate levels (rates have been low before). What explains the housing rocket? Easy; SPECULATION. Beware of following the crowd. It is never the smart thing to do.
Best of luck.
Managed Alternative Investment Accounts uncorrelated to stocks, real estate and other economically sensitive investments.
http://www.forex-day-trading.com
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Sun Oct 02, 2005 8:05 pm |
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BiometricVision
New Member
Cash: $ 1.50
Posts: 7
Joined: 24 Sep 2005
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Agree with you about SPECULATION.
Know when to buy Real Estate and when not to. The market always seem to get the "most" people at the "least" likely time. When interest rates begin to rise, all those ARM's & interest only loans will ride right along, and when that credit becomes debt, values of homes will decline by 30-40%.
Real Estate is over for another 10 yrs. Changing times are approaching soon.
BiometricComputers.com
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Sun Oct 02, 2005 8:12 pm |
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forexdaytrading
Full Member
Cash: $ 12.40
Posts: 71
Joined: 14 Jul 2005
Location: Miami, Florida, USA
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Well said, BiometricVision!
To see a lot more formal statistics about the gloomy outlook for housing prices in the US and in major cities all over the world, join our live online meeting on Thursday (link below). You can also buy "Irrational Exuberance" by Robert Shiller and read the first few chapters. The real estate section is an eye opener. This is the second edition of his book. The first edition of Irrational Exuberance, making a case for the imminent crash of the US stock market, came our a few months before the 2000 stock market crash.
Best of luck,
Dan
Managed Alternative Investment Accounts uncorrelated to stocks, real estate and other economically sensitive investments.
http://www.forex-day-trading.com
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Wed Oct 05, 2005 12:40 pm |
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