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95
PockyClipsNow
2013 Mar 21, 4:39am
PockyClipsNow
2013 Mar 21, 4:39am
Anyone know about the las vegas market here?
I would prefer to live there than AZ. (more whores!)
It seems like cashing out of CA with 1m+ I could easily buy a buncha 10 cap rate properties and make the same salary as here and play landlord instead of pretending to work all day in an office.
96
gregpfielding
2013 Mar 21, 1:25pm
gregpfielding
2013 Mar 21, 1:25pm
Yes, longer term we are just guessing. However, short to medium turn, no guessing necessary.
Completely agree. Prices are going to rally here in the Bay Area at least through this year.
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Normally inventory grows during the first half of the year, except in 2012 it didn't. Inventory in the Bay Area shrunk for every consecutive month, resulting in multiple offers and prices taking off.
It looks like inventory would have to double just for the market to stabilize.
What changed at the end of 2011 or beginning of 2012 that caused potential sellers to decide to hold off?
http://www.bayarearealestatetrends.com/2013/03/housing-inventory-up-in-march/
#housing