Housing Bubble Bursting?

[The Warrior Monk]

It's time to start racking up some frequent flyer miles my friend. If the grass ain't greener on your side of the fence...look for a hole in the fence!

-Mike

The same thing could be said about appraising...One of the biggest reasons we haven't moved yet is that there are only a few areas in the country where I can get the kind of fees I get here.

 

[Couch Potato]

I notice you stated you, "love real estate as an investment, but in this part of the country it just doesn't make economic sense to buy residential properties."

It's time to start racking up some frequent flyer miles my friend. If the grass ain't greener on your side of the fence...look for a hole in the fence!

-Mike

My wife has a rule that we don't invest in any property that she can't drive to in four hours or less. For now I will just stick with other investments. There are so many opportunities right now there is no need to chase real estate.

Some things just aren't worth the money that would be made. :new_smile-l:

 

[Steve Owen]

Some things just aren't worth the money that would be made.

Amen!

(And... I've made [and lost] money on several of them.)

 

[Mike Simpson]

"My wife has a rule that we don't invest in any property that she can't drive to in four hours or less. For now I will just stick with other investments. There are so many opportunities right now there is no need to chase real estate."

Sounds like your mind's made up, but someone else might be reading this: My wife WAS of a similar mindset. In fact...I've serious doubts that she'd ever have invested if I hadn't pushed the issue. However, at this point in time...she now trusts my judgment and has even become an active participant in locating potential investment properties & she crunches the numbers right along with me.

I took off most of '99' to learn how to day trade. I had some success, but prefer to invest in the vehicle I know intimately...real estate.

"Some things just aren't worth the money that would be made."

I'm not sure what that means, but I think you're insinuating there's a potential for loss. I'd say, I limit my risks to the best of my ability. I don't jump in without knowing how deep the water is, and I'm not a "let it ride" kinda guy. I'd rather take a calculated risk than spend the rest of my life wondering what could have been. It's working out great so far.

Others here have stated that there's "more to life than money"...as if to insinuate that investing is somehow a wicked & wasteful endeavor. It's ironic, but for harboring such a socialist view...they profess to be conservatives. It's equally bewildering that a handful of these individuals appear to spend an exorbinant amount of their time conducting silly little investigations, and making trouble for people.

-Mike

 

[moh malekpour]

It's equally bewildering that a handful of these individuals appear to spend an exorbinant amount of their time conducting silly little investigations, and making trouble for people.

What are those silly little investigations that make trouble for people? You need to be more open and direct and name names. Who is doing those little silly investigations and on whom? or are you getting paranoid?

 

[JSmith43]

I think it is against forum rules to name names of people that spend an exorbinant amount of their time conducting silly little investigations, and making trouble for people.:icon_smile:

So, that's how the Crusader thread vanished?......Naaaa. I'm probably just being paranoid

 

[Karl]

IF!! You sold R.E. for more than you paid Real Estate is great IF!! you sold for less than you paid R. E. sucks, Depends if you WON or LOST. as to how most see how the economy is going.

2nd point: Notice couple posters saying they gotta cut thier rates in order to get work, (YUCK!!) I'd say they're not happy with the economy. Me I'm taking a minimum of 5 vacations this year. So I'm saying it's a BEEN!! a great economy.

Question is: Which of us is right??

 

[JSmith43]

I'm taking a minimum of 5 vacations this year.

Karl, IMO, that's the best way for an appraiser that plans to weather the downturn to match supply & demand.

Vacations cost much less, given the lower "opportunity cost" of work when there is less work and less $$ per assignment.:icon_smile:

 

[Randolph Kinney]

Muni Bond Market to be impacted

Merrill Lynch has some interesting data concerning history of real estate market declines. The are warning to stay clear of municiple bonds in those states or regions that are prone to real estate declines.

It is a 40 page report. I am attaching the first page. If anyone is interested, contact me and I will email a copy of the report.

 

[Karl]

"Vacations cost much less, given the lower "opportunity cost" of work when there is less work and less $$ per assignment" AGREE!!

I have NEVER been able to figure out HOW people figure they'll make more money by cutting rates, to get MORE work.

Try asking this question when someone says they didn't get paid for an Appraisal: ASK how much did you loose MOST will give you this answer: The price of the Appraisal

(in my financial layout, this is the WRONG!! answer.)

IMO the actual lose is a MINIMUM of 2.5 Appraisal fees.

But wait it could be much more:
THINK if you cut your Fee to get that Appraisal and then you don't get paid for it.