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HighRoller · 05-21-2005, 02:48 PM

I have been a full time real estate investor for 3 years, and I network with up to 1500 investors locally at a time.

No matter if real estate goes up and down doesn't matter to my business.
We get houses 10-20% from market value, from builders, sellers, and investors about to go into foreclosure and bankrupts every day of the week, I can't keep up with the discounted homes, their are so many.

I will tell you that Minnesota is one of the most steady markets their is, and the last 1-2 years has been a buyers market.

You will see a drop in California.

Florida and Nevada will have intermitted set backs
as at certain moments they overbuild.

We are getting connected with the florida pre-construction
where 1100 people a day move there, and you can be assured
that the retirement population will double in the next 5-10 years
that's the largest lifestyle change in the history of the US.
Also the creative class of many top paid professionals couldn't
realistically live anywhere they wanted as their jobs tyed them to
a specific area, with technology, email, fax, phones, teleconferencing etc
we all have flexibility for the creative class allowing them to move to desirable areas. I know people in real estate in Nevada I work with
it's still booming big, yes last half of last year it went form 2000 to 14000 listings almost over night, another 4 months went buy and the demand was big again. I know 1+ year ago they had about 8000 people a month moving down there, I haven't heard the latest, Arizona is where a lot of people seem to be buying the lots, nevada I think it's still on it's way out in the next year ot two, sure it will keep building, but keep in mind much of the builders are from cali, not even looking at the property like it was said.

Florida will be big for a long long time, but certain areas.

As far as people thinking stocks are better than real estate
I can't even get into why that comment is soo far off
"leverage" is the only word that needs to be said
and yes real estate does go down in pocket areas, but has
gone up about 5% in 100+ years, and 6% more recent 30-40 years.

Californian's are so far overleveraged over other states, it will go down in areas. it will take a while to recover, that's just how it works, needs a correction, not a big deal really, if we are all in it for the long term.

05-21-2005, 02:48 PM
HighRoller Confirmed User Join Date: Feb 2003 Location: MN Posts: 1,037	I have been a full time real estate investor for 3 years, and I network with up to 1500 investors locally at a time. No matter if real estate goes up and down doesn't matter to my business. We get houses 10-20% from market value, from builders, sellers, and investors about to go into foreclosure and bankrupts every day of the week, I can't keep up with the discounted homes, their are so many. I will tell you that Minnesota is one of the most steady markets their is, and the last 1-2 years has been a buyers market. You will see a drop in California. Florida and Nevada will have intermitted set backs as at certain moments they overbuild. We are getting connected with the florida pre-construction where 1100 people a day move there, and you can be assured that the retirement population will double in the next 5-10 years that's the largest lifestyle change in the history of the US. Also the creative class of many top paid professionals couldn't realistically live anywhere they wanted as their jobs tyed them to a specific area, with technology, email, fax, phones, teleconferencing etc we all have flexibility for the creative class allowing them to move to desirable areas. I know people in real estate in Nevada I work with it's still booming big, yes last half of last year it went form 2000 to 14000 listings almost over night, another 4 months went buy and the demand was big again. I know 1+ year ago they had about 8000 people a month moving down there, I haven't heard the latest, Arizona is where a lot of people seem to be buying the lots, nevada I think it's still on it's way out in the next year ot two, sure it will keep building, but keep in mind much of the builders are from cali, not even looking at the property like it was said. Florida will be big for a long long time, but certain areas. As far as people thinking stocks are better than real estate I can't even get into why that comment is soo far off "leverage" is the only word that needs to be said and yes real estate does go down in pocket areas, but has gone up about 5% in 100+ years, and 6% more recent 30-40 years. Californian's are so far overleveraged over other states, it will go down in areas. it will take a while to recover, that's just how it works, needs a correction, not a big deal really, if we are all in it for the long term.