Yes...Just as mood rings, poodle skirts, loin cloths and Van Halen t-shirts.
And just like fashion, homes are built in a certain style that can be reflective of the time period.
And just as those styles go out of style and are replaced by the next big thing, they come back into style at a later date.
Cases in point (this is just a small example):
First, there was Spanish Colonial
Then there was Victorian
Then there was Pre-war craftsman
Then there was Mid Century
Then there was Mid-Century modern
Then there was Ranch house
Then there was 80's Contemporary
Then there was Victorian Revival
Then there was Spanish Revival
Then there was Mediterranean
Then there was Craftsman revival
Then there was...
And we just finished the craftsman revival...that was when all the craftsman houses were bought up, renovated, and sold for immense profit because that was the trendy architectural style.
And now what is beginning to get very trendy is the mid-century/mid-century modern style of home.
Some features you may find in a mid century/mid century modern home:
-Simple tile counter-tops (Usually laid in diagonal patterns)
-Wood beam ceilings
-Usually single story and 1200-2500 square feet
-Wood panel walls (Yes...they are coming back!!!)
-Modern, simple lines
-Very little adornment
-Low pitched roofs
-Stucco, wood, or better yet, adobe siding
-Large, expansive windows and doors
So...if you can predict the trends, you can stay on top of the best possible return on any real estate investment! People are willing to pay more to be fashionable!
Wednesday, March 25, 2009
Monday, March 23, 2009
Where will you be in 10-15 years?
So, I may need to do some research to verify, but it seems that we go through these real estate cycles every 10-15 years.
If you have ever researched the Atlantic Multi-Decadal Oscillation, it very strangely follows a similar regression to our economic history
Well...kind of...but I'm trying to illustrate a point...
Our economy, in fact all economies everywhere follow a cyclical pattern of growth and recession. So far, it is pretty fair to say that what we are going through is nothing new...in fact it's normal.
So with that being said, if we follow a 10-15 year peak to peak cycle, then we should be in the same panicked fiasco that we find ourselves in today...but with different characters.
So knowing that, how can we plan for our long term, knowing full well that we are currently at the bottom and knowing full well that we are about to experience unheard of growth and expansion!
Now is the time to hop on the elevator at the ground floor! And knowing this, we need plan to buy in the down economies and sell in the good times. Pretty common sense? I would think so. But so far, if you watch the news, nobody has figured this out!
So the message of the evening is that we need to beg, borrow, and steal our ways into whatever assets we can, taking risks, and stepping out of our comfort zones. Because when there is little to lose, there is greater to gain!
If you have ever researched the Atlantic Multi-Decadal Oscillation, it very strangely follows a similar regression to our economic history
Well...kind of...but I'm trying to illustrate a point...
Our economy, in fact all economies everywhere follow a cyclical pattern of growth and recession. So far, it is pretty fair to say that what we are going through is nothing new...in fact it's normal.
So with that being said, if we follow a 10-15 year peak to peak cycle, then we should be in the same panicked fiasco that we find ourselves in today...but with different characters.
So knowing that, how can we plan for our long term, knowing full well that we are currently at the bottom and knowing full well that we are about to experience unheard of growth and expansion!
Now is the time to hop on the elevator at the ground floor! And knowing this, we need plan to buy in the down economies and sell in the good times. Pretty common sense? I would think so. But so far, if you watch the news, nobody has figured this out!
So the message of the evening is that we need to beg, borrow, and steal our ways into whatever assets we can, taking risks, and stepping out of our comfort zones. Because when there is little to lose, there is greater to gain!
Friday, March 20, 2009
John Lloyd Wright?
Yes! The son of the famous Frank Lloyd Wright!
The man who invented Lincoln Logs
How would you like to own one of his homes??
For under $320k!
Over 3100 sq feet with a pool and a VIEW!!!
It's a beautiful Mid-Century Modern home
In a great neighborhood!
Call me!
The man who invented Lincoln Logs
How would you like to own one of his homes??
For under $320k!
Over 3100 sq feet with a pool and a VIEW!!!
It's a beautiful Mid-Century Modern home
In a great neighborhood!
Call me!
Sunday, March 15, 2009
It's been a busy week!
Wow...somebody really woke up the market!
Again, I'll be brief!
Don't be afraid to roll up your sleeves!
It is pretty much a rule that your dream house is about 20-30% over your actual budget!
All I can say is...look for something that is close to what you want...and MAKE it what you want!
Why pay somebody else a premium for work you can do just as easily yourself.
Perfection has its price but scrappy has it's profit.
Most people think they want a "diamond in the rough"...NO I want a "Rough in the diamonds"
Buy the ugliest house on the block! Fix it up! Live there!
Sweat equity is a beautiful thing!
Again, I'll be brief!
Don't be afraid to roll up your sleeves!
It is pretty much a rule that your dream house is about 20-30% over your actual budget!
All I can say is...look for something that is close to what you want...and MAKE it what you want!
Why pay somebody else a premium for work you can do just as easily yourself.
Perfection has its price but scrappy has it's profit.
Most people think they want a "diamond in the rough"...NO I want a "Rough in the diamonds"
Buy the ugliest house on the block! Fix it up! Live there!
Sweat equity is a beautiful thing!
Sunday, March 8, 2009
Springing ahead!
Welcome to Spring!
...well not officially...
officially... it starts on the Vernal Equinox, on March 21...
but I call it spring because of 2 reasons:
1. The daylight is now an hour later.
2. The elusive buyer has risen from hibernation
yes!
The elusive purchaser real estatus
The last time they were spotted was about two years ago. But now herds of them are arriving due to the thawing of the market.
The icy blocks of lending capital are beginning to break free from the glacial pace at which they were hotting open ocean of new loans...
Long story short, the spring and summer are the traditional buying season of real estate.
The summer is prime transitional time because there is a break in the school year so the kiddos can have a smoother transfer.
Also, the days are longer and so people are out more driving around and noticing all the nifty homes that are on the market.
I have been talking to other Realtors (r) and they are noticing a sharp increase in open house traffic as well as new buyer phone calls.
I am beginning to average 2-3 new buyers a week who are actively in need of new housing!
The major motivating factors of real estate will never go away...there will always be job transfers, deaths, divorces, marriages, inheritances, lottery winners, job losers, the list is endless...but the important thing to remember is that people still need to live somewhere, and some body will always be downsizing from something in a down economy.
...well not officially...
officially... it starts on the Vernal Equinox, on March 21...
but I call it spring because of 2 reasons:
1. The daylight is now an hour later.
2. The elusive buyer has risen from hibernation
yes!
The elusive purchaser real estatus
The last time they were spotted was about two years ago. But now herds of them are arriving due to the thawing of the market.
The icy blocks of lending capital are beginning to break free from the glacial pace at which they were hotting open ocean of new loans...
Long story short, the spring and summer are the traditional buying season of real estate.
The summer is prime transitional time because there is a break in the school year so the kiddos can have a smoother transfer.
Also, the days are longer and so people are out more driving around and noticing all the nifty homes that are on the market.
I have been talking to other Realtors (r) and they are noticing a sharp increase in open house traffic as well as new buyer phone calls.
I am beginning to average 2-3 new buyers a week who are actively in need of new housing!
The major motivating factors of real estate will never go away...there will always be job transfers, deaths, divorces, marriages, inheritances, lottery winners, job losers, the list is endless...but the important thing to remember is that people still need to live somewhere, and some body will always be downsizing from something in a down economy.
Thursday, March 5, 2009
No-brainer deal of the week!
Quickly....
2 cute cottages in a good neighborhood WITH an added unit
Market rents are $1200, $1200, $750
and they are asking....$200,000
yes, that's right, TWO HUNDRED THOUSAND DOLLARS...yes...American money
that means you will be pulling in an estimated $3350/mo with what could be a $1200/MO MORTGAGE
s000....you COULD be making $2,000/mo on ONE property?? Yes...cash flow is back...and it's angry!
2 cute cottages in a good neighborhood WITH an added unit
Market rents are $1200, $1200, $750
and they are asking....$200,000
yes, that's right, TWO HUNDRED THOUSAND DOLLARS...yes...American money
that means you will be pulling in an estimated $3350/mo with what could be a $1200/MO MORTGAGE
s000....you COULD be making $2,000/mo on ONE property?? Yes...cash flow is back...and it's angry!
Tuesday, March 3, 2009
Optimism is only profitable when everyone else is hopeless!
Look...the DOW is going to get lower than the calories in a spinach salad...
and I am EXCITED!! Do you remember when you would sit there and talk about how if ONLY you had bought AT&T in the 70s, or Microsoft in the 80s, or Qualcomm in the 90s...
well guess what...we can buy those stocks at those prices! Just buy! Homes are back to the prices they were in the 80s!
So...in 10 years...don't be that person that passed up the BEST buying opportunity in the last HALF A CENTURY!!!
Rates are low, rents are high, and these houses will be here in the next decade...be the smart one at the table with an active portfolio of Real Estate investments.
and I am EXCITED!! Do you remember when you would sit there and talk about how if ONLY you had bought AT&T in the 70s, or Microsoft in the 80s, or Qualcomm in the 90s...
well guess what...we can buy those stocks at those prices! Just buy! Homes are back to the prices they were in the 80s!
So...in 10 years...don't be that person that passed up the BEST buying opportunity in the last HALF A CENTURY!!!
Rates are low, rents are high, and these houses will be here in the next decade...be the smart one at the table with an active portfolio of Real Estate investments.
Subscribe to:
Posts (Atom)
