Recent years gone by, specifically, 2007 through 2011 - and the upswing ensues.
Negative becomes positive -
Ebbs and flows...
Limited supply fails the demand and prices escalate.
We'll, never, be the same as we were, pre-2007, because the changes, in the economy - and the perception of the market, combined with "new" technologies, has transformed real estate into a more, speculative, commodity.
NOW WHAT ?
It's Seattle - and Seattle is looking at San Francisco...higher rents, higher taxes, escalating property values, "favorable" conditions for developers/sub-dividing, and the list goes on.
Is this "San Franciscan" mentality bad ?
For some, yes.
For growth ?
Which side of the game are you playing ?
Being forced out from excessive tax hikes, or taking advantage of those being forced out ?
Is there an in-between ?
What makes real estate, REAL, is the fact that it's tangible, it's physical/real - more than a piece of paper.
Buy it "improved" or for whatever, opportunity, YOU see, as an owner occupant/investor.....look at this investment in it's most, basic, equation:
10 years ago, you would have purchased it cheaper.
10 years from now, you'll kick yourself for NOT purchasing it, today, because you could have purchased it for, so much, cheaper !!
Spring, 2016 - values are going up....is your financing/rate ?
Wakey, wakey - dance and shakey !!
Be Real - be "Real Quick" with your offer ; )
Mik - mikcohen.com
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