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| Blogs > touch213 > Life is much, of many things. |
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houses the market is so bad.. there are houses sitting all over the place.. " empty " .. it seems everything about owning them is such a costly matter.. I've been thinking of options, to dispense with everything except the one I live in.. as with everything else.. soon as I do... it's for sure, after maybe a year and the market will spin around.. then I'll be wondering why I did not hold on to .. the risk are always present... no matter what.. I already took a major loss before.. which is far beyond what I can afford.. I know I don't want any more headaches.. this game is better left to those who can afford to play it.. just so happens, I can't afford at this time to play .. truthfully... I don't even think the Real Estate market has even hit it's bottom yet.. and it may continue to fall apart even more in the coming months. Cut and Run...  it must be that time of season..   the oddity about this choice.. never again will they allow a process to accumulate property, to be easy again.. Things are falling in place, which will make acquisition, very much a different game.. so considering that reality.. it may pose reason to keep them. Until the stability is regained.. allowing for forward gains in equitable worth. There are options at this time.. and for some it may even be "berries and cherries picking time" there are some good buys to be had for the cautious investors... who have the resources to do so. |
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2/25/2008 12:03 pm |
I know lots of Asian investors who are buying up these foreclosed properties way below market price and then putting renters into them to cover the mortgage payments. You are right, if you are an astute investor and were not involved before the market bust, now is the time to make a move into the real estate market. We have a family friend who a few years ago told us how to form REIT using group investments and it is working here for us. You should look at forming a REIT with your friends and doing the same thing. Good Investing!!! VICKY
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2/25/2008 2:41 pm |
It is smart to buy through a collective .. with members,who have the capital to back the investment collectively... my thoughts on such, is to development a property managment and acquisition model.. which can balance the books with rental income.. I think as long as it's not slated to be leveraged as a commodity, investors will be willing to work.. but .. the market of bundling and packaging has spooked the investors and the losses have been so extreme.. it is now a situation where there may be smaller, privately held REIT.. which over time will, yield return to the investors thru appreciation and increased rents, and the sell and buy process along a pattern... and they will be in a good position when the market finds it's stability and can move upward.. life is always into a process of.. "Wealth redistribution" and it's a matter of individuals seeing where and how to gain the greatest advantage in an up or down market by looking into the niches.
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2/25/2008 2:44 pm |
for me.. I have to either stay steady and try to hold on, as I don't have the capital to do what I know can be done.. or to minimize my risk so that I can not face the potential of damage of default.. I've endured non paying renters, and tax surprises and various other things, which .. are not in the lease suitable for me at this point.. it's frustrating but when the deep reserves are not there, then the picture has to be re-evaluated.. because there will come in this cycle a need to be prepared to ride a more turbulent tide.. and those who have the reserves to do so.. will be in good position after the storm.
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I'll wait a couple of months more for the next sizable batch of ARMs hitting deadlines in April. And figure what to do when the smoke clears and dust settles. Agree that it's investment opportunity for the financially astute.
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