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The Secret is Out


               
2012 Aug 30, 6:42am   48,436 views  90 comments

by BayArea   follow (1)  

You could not find a better investment between mid 2010 through the end of 2011 than low end real estate. Relatively low prices, record low interest rates, and the fact that the mainstream had not yet been fully let in on the secret. For the smart ones (or lucky ones for that matter) that got in during that time, congrats on the move.

Fast forward to 2012, inventory has reached inexplicably low volumes, prices have surged, and the secret about real estate investment is out.

Case and point... I sit at the family table at dinner, and the topic is real estate investment. I go to lunch with co-workers, and the topic is how to become a slum-lord. I go bowling with some friends, and everyone is talking about buying up low end real estate to rent out. I cannot believe what I am experiencing. It's like everyone with a stable job is all of a sudden a real estate investor. It's not just for the upper class anymore. My secretary bought a damn rental property this year in the Bay Area for gawd's sake!

It will be interesting to see what happens after the election and how real estate responds.

Don't get me wrong, with the rental market also surging, real estate is still a good investment today, but it was a great investment 12-24 months ago.

Waiting patiently...

#housing

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22   Biff Baxter   @   2012 Aug 30, 5:12pm  

Are you people saying that gay men sometimes marry straight women? Get out of here.

Biff

23   ELC   @   2012 Aug 30, 9:21pm  

Rin says

Right because married guys never turn out to be gay

Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay? I don't know about you but that's really a lame gaydar, if I've ever seen one. Perhaps Tarot cards or a Ouija board may get you better answers.

Gays leading the appearence of straight lives is so common the gays have a word for it, "beard." "Katie is Tom's beard."

24   37108605   @   2012 Aug 30, 9:31pm  

PockyClipsNow says

The federal reserve is forcing us to buy up the RE.

CD pays 1%

STOCKS=scary

BONDS=pay crap/scary

This leaves real estate.

Unlike the entire above, fools do not realise that you do not live in a CD, you do not live in a bond, and you do not live in stocks.
But THAT is what they want you to believe ...subconsciously that you DO.

Do yourself a favour and get out of the spin cycle, then you may find you have started to build real wealth.

25   The Original Bankster   @   2012 Aug 30, 11:01pm  

Biff Baxter says

BayArea says

Right because married guys never turn out to be gay

If you're married you're not gay. What's not clear about that?

Rin says

RED ALERT RED ALERT

LIBTARDS MAN YOUR BATTLE STATIONS!

26   FortWayne   @   2012 Aug 31, 12:25am  

uomo_senza_nome says

Investment RE is a different beast. It requires a lot more work than sitting online and issuing buy/sell.

Everyone is different. To most average folks investing in RE is buying and renting it out. That's not really an RE investment. Real RE investment takes millions which I don't have and makes good returns, and I'm sure no one on this board participates in that either.

Robert buys rentals, E-man same thing, some fella who likes to go by the name burritos does the same. They aren't investing, they are just playing with some low end RE. Now if enough of us can pull our money together for a real investment, that could be something.

27   Dan8267   @   2012 Aug 31, 12:39am  

Biff Baxter says

Rin says

Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay?

Documented sex? Are there films of Tom Cruise having sex with one of his wives? That's a serious player man.

If it's Katie Holmes, I want to examine the documentation.

28   The Original Bankster   @   2012 Aug 31, 12:39am  

why is it every time idiot Liberals want to appear to be something other than insane communists they start acting like this ridiculous cowboy character?

'a feller by the name Burrito' ... idiot, go back to the gay bath house faggot.

29   Biff Baxter   @   2012 Aug 31, 1:02am  

The Original Bankster says

idiot, go back to the gay bath house faggot.

I'm confused. What's a faggot? A cigarette? And why does he need a bath?

Biff

30   The Original Bankster   @   2012 Aug 31, 1:31am  

Biff Baxter says

The Original Bankster says

idiot, go back to the gay bath house faggot.

I'm confused. What's a faggot? A cigarette? And why does he need a bath?

Biff

someone from California.

31   Eman   @   2012 Aug 31, 2:22am  

The Original Bankster says

Biff Baxter says

The Original Bankster says

idiot, go back to the gay bath house faggot.

I'm confused. What's a faggot? A cigarette? And why does he need a bath?

Biff

someone from California.

The San Francisco Treat.

Aw. That's just wrong man. One size doesn't fit all.

32   REpro   @   2012 Aug 31, 3:12am  

E-man says

When everyone is talking about it, that means it's almost over

I agree. When everybody talks about it, something is fishy. Something going to be lifted out of fundamentals again. Somebody is going to lose Money or Mind.
1987- Real estate double every year
2000- Everybody was giving stocks advice
2006 – Real estate is going up to the roof, buy now
A year ago- gold, gold, gold
Hell, 3 mo. ago FB was the best investment, everybody were talk about it (18.25 today)

33   Rin   @   2012 Aug 31, 3:15am  

ELC says

Gays leading the appearence of straight lives is so common the gays have a word for it, "beard." "Katie is Tom's beard."

Ok, I got that but that doesn't make for a Gaydar, i.e. "Oh look ... that good looking, in-shape guy is with a woman. He must be gay."

Otherwise, you'll then have an inverse stereotype for a married hetero man being fat, balding, and ill who's stuck with a nagging wife. "Oh look ... he's fat & ugly, gotta be straight!"

34   Rin   @   2012 Aug 31, 3:19am  

The Original Bankster says

someone from California.

Massachusetts is a lot easier; we have the South End of Boston and Provincetown MA for open homosexuals and Northampton MA, for lesbians. But in all honesty, I don't think the South End is safe to live in anymore. Provincetown, however, is a gorgeous seaside peninsular region. If it were a straight destination, I might even consider moving there for the grand ocean vistas.

35   REpro   @   2012 Aug 31, 3:22am  

If rent drop only 5% - 50% of demand will disappear.

36   Rin   @   2012 Aug 31, 3:24am  

Dan8267 says

If it's Katie Holmes, I want to examine the documentation.

Actually, I was more interested in examining Nicole Kidman :-) !

37   Dan8267   @   2012 Aug 31, 3:29am  

Rin says

Dan8267 says

If it's Katie Holmes, I want to examine the documentation.

Actually, I was more interested in examining Nicole Kidman :-) !

Only if it was old documentation from the early 1990s. She's over 30 now, ewwww. Actually, she's over 40 now, double ewwww.

38   Goran_K   @   2012 Aug 31, 3:54am  

Dan, Nicole Kidman may be a vampire. She looks pretty good for a 40+ woman.

39   Dan8267   @   2012 Aug 31, 4:02am  

Goran_K says

Dan, Nicole Kidman may be a vampire. She looks pretty good for a 40+ woman.

You're thinking of Kate Beckinsale, the only woman almost 40 who still looks good, and who plays a vampire in Underworld.

40   Dan8267   @   2012 Aug 31, 4:05am  

Speaking of Kate Beckinsale...

http://www.G6vYraQfxqM

41   bmwman91   @   2012 Aug 31, 4:27am  

LOL

Hilarious video.

42   Rin   @   2012 Aug 31, 4:44am  

Dan8267 says

You're thinking of Kate Beckinsale, the only woman almost 40 who still looks good, and who plays a vampire in Underworld.

Don't forget Raquel Welch, now in her 70s, and clearly looks like she's in that mid-40s category, talk about the eternal cougar :-) !

43   PockyClipsNow   @   2012 Aug 31, 5:01am  

funny vid.

unshaven clown!! hahahaha

i can see this election coming down to abortion. its the only issue simple enough to get the dumb ass 'swing voters' to actually express an opinion.

44   Homeboy   @   2012 Aug 31, 5:04am  

Seems like irrational exuberance 2.0 is starting a bit early.

45   CrazyMan   @   2012 Aug 31, 5:39am  

Dan8267 says

I'll be in my bunk pretending to be a Republican.

46   edvard2   @   2012 Aug 31, 6:04am  

I bought a house and have healthy retirement and cash savings. I work and I save. Somehow that seems to work out just fine and dandy for me. If anyone else has some sort of conspiracy-filled, whatever investment ideas.... go for it. Hope it works out for you.

47   ELC   @   2012 Aug 31, 9:06am  

Call it Crazy says

It is all very distressing to me...I'm just a simple guy who likes yoga, biking to work, and eating a healthy vegetarian diet..

You forgot hanging out with your dog on that list...

http://services.azre.gov/publicdatabase/SearchIndividuals.aspx

48   Eman   @   2012 Aug 31, 9:55am  

robertoaribas says

It is all very distressing to me...I'm just a simple guy who likes yoga, biking to work, and eating a healthy vegetarian diet... I'm too worked up right now, I'm going to go do some yoga and meditate.

Very funny, and I thought you didn't have a sense of humor although they're kind of dry. It must be from the Arizona's sunshine. :)

49   Homeboy   @   2012 Aug 31, 4:57pm  

robertoaribas says

I bought a home... then another and another... 13 total so far, 2 more under contract short sales... I remodelled and rented them all out...

then, the bottom end of Phoenix caught fire, and prices for these homes went up 30% and more...

Bullshit.

50   wbblair3   @   2012 Aug 31, 11:15pm  

"Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay?"

No, he's potentially bisexual. There's gay, straight, and bisexual. Bisexual should not be categorized as either gay or straight as it is both. Here's Kinsey's scale on that topic:

http://en.wikipedia.org/wiki/Kinsey_scale

51   Dan8267   @   2012 Sep 1, 12:11am  

CrazyMan says

I'll be in my bunk pretending to be a Republican.

http://www.xrFaTjcNzZM

52   thomaswong.1986   @   2012 Sep 1, 12:19am  

wbblair3 says

No, he's potentially bisexual.

or a sex addict

53   ELC   @   2012 Sep 1, 4:36am  

wbblair3 says

No, he's potentially bisexual.

Maybe he's Heteroflexible

54   Biff Baxter   @   2012 Sep 1, 7:23am  

wbblair3 says

Bisexual should not be categorized as either gay or straight as it is both.

It's pretty gay.

Biff

55   Biff Baxter   @   2012 Sep 1, 7:24am  

robertoaribas says

I'm just a simple guy

There's an understatement.

Biff

56   ELC   @   2012 Sep 1, 7:56am  

GameOver says

Hence, when the MORONS start jumping headlong into the RE market, the SMART money jumps OUT.

Would you say morons jumped in during the bubble because of people like Carlton Sheets? Would that be an indicator? There's some little weasel on TV now (forget his name) but in general I don't see too many Real Estate for Dummies programs out there right now.

57   Eman   @   2012 Sep 1, 9:10am  

Yup says

Refinance them all, pull out all that equity and buy 20 more.....

I F'ing dare you!

That would not be a wise move now. At least the 1st half of your suggestion is correct. Refinance them all and put that money under the pillows. The RE ship has left the dock. There is no reason to throw more money into the RE market now unless it's a screaming deal, and it can still produce a positive cashflow. Otherwise, there's nothing wrong with sitting on cash and collect 0.25% interest rate annually.

58   steve1   @   2012 Sep 1, 11:57pm  

Here in Phoenix, the mini boom is already over. It isn't stopping the flippers from buying and attempting to rent or sell. I live in a high demand neighborhood where the "for rent" signs are lingering along with the "for sale" signs. Yet "investors" continue to buy and refurbish, some spending lots of money. Let's face it, really savvy people with money don't put it in residential housing. It lacks one of the basic requirements of a good investment.....liquidity.

59   Zacksmom   @   2012 Sep 2, 4:58am  

Those arguing about Phoenix may want to do a little research on Chandler and Gilbert, AZ. These areas have had large increases in list and sale prices from Spring until now. Both cities have made CNN Money Magazines lists of Top 100 places to move @ #50 and #33. Google it!

These areas are low crime with low unemployment and excellent schools and colleges. I know several Californians relocating for those reasons. The area has long been desirable to Canadians and Midwesterners looking to escape cold Winters.

60   Zacksmom   @   2012 Sep 2, 5:13am  

I'm talking about traditional sales, not short sales, REO's that are receiving multiple offers and their prices are being bid up with multiple offers. Most traditional buyers don't want to risk buying a bank owned home with possible defects. Short sales take several months to close and with prices soaring why would a bank settle when they can sell it for more money in a few months?

61   B.A.C.A.H.   @   2012 Sep 2, 5:15am  

Zacksmom says

excellent schools and colleges

Excellent colleges? Really?

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