 Do it now - because the power to weight ratio is amazing!
Yup - the power to rate ratio is what I'm trying to convey - sorry about that - got focused on horsepower (LOVE me a Mustang Cobra !!) where this focus is on buying power! Power = your ability to buy that real estate ! 2014 will be a banner year for those credit worthy and cash able. My belief is that this 2014 market offers a perfect balance of rates AND value. WHY ? In the last 5 years, rates have dropped to "historic" lows and Sellers have liquidated properties that were stagnant - enabling the financially able to purchase more property for less cost. These conditions have changed the real estate market to the point where buyers are rushing back into the marketplace. Now, I'm not looking to start a fire....but, things are looking up and it doesn't take a genius to look at, past, market indices to speculate what MIGHT happen again - AND just imagine what that speculative market MIGHT mean for your ROI !! I see property values back on the increase with rates hovering close enough to those historic lows. Yup - markets shift - good to bad - bear to bull. $$ is invested and profits are lost AND found. All I know is risk = reward...or loss. Me ? I focus on reward, but have learned to understand that every dollar invested IS a risk of which I have to accept the outcome - so my "speculations" have to ensure I'm never risking more than I can afford to lose. Spring into this 2014 market - that's my belief, because when we're talking about rates/cost of investment - the principle lesson is what comes down must go up. Think it through ! Best to ya !! Mik
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 Flying by like street lights in a 90 mph car ride !
I see real estate deals like that of the street lights from the car - because today's market is a mere glimpse of what was AND what could be. Not sure if you noticed, but there's LOTS of empty houses out there - all looking mysterious and some still have that yellow information sheet clearly posted on the entry. "Hmmm", one ponders - because all those "shadow" houses should have sold by now, RIGHT ? Turns out NO, they haven't. Why ? A few possibilities to consider: 1) Real estate markets are still fragile and banks are standing down on their REOs - moreso in "sensitive" areas - allowing a more traditional value system to return in those areas. 2) In unison with #1, state and/or federal guidelines are requiring lenders to ensure all foreclosures were valid and completed correctly - to avoid costly litigation. 3) Markets ARE still too fragile to drop the masses of "shadow" properties into AND the lenders/REOs have come to understand that, as "traditional" values continue to increase, so too will their "shadow" values. Yup - check #1 above.....wink, wink. Whatever the reasons - "shadows" are still out there - waiting for their day to come into the light. Personally - I still say fuck the BIG banks because the majority of them created this mess in the 1st place AND many of them are, or have, pursued the borrowers for deficiency judgements - where and when they could/can and I think that sucks mass amounts of ASS !! Let it go, right ? I have - but it, still, feels good to vent !! Uh ... that dude, in the picture, in the tighty whities ?.......I just wanted to share that, somewhere ; ) Much peace and happiness to you, grasshoppers !! Mik |
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