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Originally Posted by lawn psycho
Mike, all those reasons are precisely why it's the time to buy commercial property. Lots of inventory means big-time buyers market.
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Just wait a year or two and see how much better that buyers market becomes. You perceive a lot of inventory as a market signal to buy; I perceive that as an overpriced market.
Quote:
Originally Posted by lawn psycho
What you are thinking is of someone flipping the thing and having a whiz-bang operation by summer. The reality is you have to have deep pockets and can handle the carrying cost. It's a longer term investment.
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What you are thinking is of a time in our history when this country saved and produced, not spent and borrowed like the unfortunate reality we live in. What you are forgetting is the ugly fact that in the past few decades we’ve gone from the largest creditor nation to the world’s largest debtor nation. To over simplify it, prices have been bid up because of easy credit. None of the underlying issues that caused this bubble, or any bubble for that matter have been corrected, they’ve only been exacerbated.
Quote:
Originally Posted by lawn psycho
Pick five of those properties that are in otherwise good locations and look at what the cost. Pull that list out in 10 years and see what they are worth  |
As far as this water slide is concerned it may have been a great deal at its selling price, but the overwhelming majority of commercial and residential real estate will be worth much less in 10 years when measured in real value, not nominal.
In general investors would be better off waiting until after the crash to invest, not before.