Jeannie Niles Real Estate Investment
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A Real Estate Bubble??????
Not a day goes by without finding another article about the “real estate bubble”. Whether you are reading USA Today, the L.A. Times, San Diego Union, or Money Magazine, the “bubble” problem is always there.
But are we really going to have a serious downturn?
Probably not, unless you’re one of the speculators simply hoping to turn a quick profit. However, others who know how to invest in a boom market have less to worry about. Even Alan Greenspan has said only some markets that are being fueled by speculators hoping for a quick profit may see some price reductions.
The reason is that a good real estate investment is nothing like investing in high tech stocks. While stock certificates are only worth what the next person is willing to pay for it, good real estate has intrinsic utility value. The key is to avoid the hype as much as the doomsday predictions, which only becomes harder during boom times.
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Seven properties went into escrow in October.
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For Coachella Valley
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Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
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I am always frustrated how the media and other trade groups use statistical data to prove the point they want to make, thus I like to do my own statistical research.
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It can be very profitable purchasing bank owned properties in the current real estate market.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
