patrick.net

Roberto, and I had a spirited exchange on another thread about Chico California. I felt Roberto was using the market place in Phoenix as an example of what could be done in Chico.

My point is that these are vastly different locations with different economic factors.

That lead me to the fact I could have invested here in Seattle Washington, but we never really got the amount of discounts in pricing I would have expected after the Real Estate crash. Our Real Estate market place is vastly different than Phoenix.

We are thirty miles North of Tacoma Washington however that does have similar qualities, and opportunities that Phoenix enjoyed.

In my opinion Roberto's market place in Phoenix was the right place, at the right time. I would prefer to have been in Phoenix after the crash, than investing in Tacoma Washington.

When I really think about it, even here in Seattle there are places that are good solid investment opportunities, and other areas of Seattle I wouldn't touch.

It's all about location, and the opportunites that location can offer. In a broader Real Estate market sense there are still some safe havens while other places have a lot of equity to lose.

Banks lent a lot of money over true value. Some of those bets are paying off, and others continue to decline.

What makes a great location so your Real Estate holdings are worth keeping?

#housing