Zip Code 32205 has quite a few challenged houses

Started by mtraininjax, July 01, 2009, 07:40:37 AM

urbanlibertarian

I can see buying being easier now, but selling?
Sed quis custodiet ipsos cutodes (Who watches the watchmen?)

JaxNole

It's unfortunate for those who are unprepared for the cyclical nature, but for those who are prepared, it is investment buying season.  I've got at least 35 years to retirement and will be happy I'm gobbling every dollar from my employer's 401(k) and Roth IRA matching.

As for real estate, I am one step closer to further diversifying my portfolio.  :)

JaxNole

I don't know about mtrain, but my focus is multi-family properties, such as the building I'm currently in.  With the resident landlord upstairs, perhaps the tenants will either respect the property or cut me.

Who knows anymore in Riverside?  Haha.

civil42806

Quote from: JaxNole on July 03, 2009, 09:44:30 PM
It's unfortunate for those who are unprepared for the cyclical nature, but for those who are prepared, it is investment buying season.  I've got at least 35 years to retirement and will be happy I'm gobbling every dollar from my employer's 401(k) and Roth IRA matching.

As for real estate, I am one step closer to further diversifying my portfolio.  :)

Your right, I'm looking at buying a retirement place in downtown St. Augustine that I would have had no opportunity to buy
just a couple of years ago.  I picked up a couple of great trucks for my business at a bankrupcy auction.Key is not getting caught up in the Hype, any kind of bubble always pops.  Real Estate collapsed in the Mid eighties, we've had the Tech bubble in recent memory, for the older folks there was the Collectible stamp bubble, believe it or not in the late 70';s.  And of course the great grandaddy, the tulip bulb bubble.