Hot Market?
Anyone have any idea as to where we will see the next hot spot? I'm looking to buy some income prop. but I live in San Diego and not only is it a bit too expensive to buy here, but I don't want to buy in as the market is cooling off. Any one want to share any ideas or comments. Thanks in advance!!! 
nobody... anybody???
not sure
That's it? All of these REI's and no one has an idea where they THINK the market will have more of an opportunity to see double digit % increase in equity. I'm just kidding, thanks for your input!!!
A deal is a good deal only if you think it is worth it to you
No offense piti, but similar questions like this have been posted before and everyone believes, for the most part, that the area that they currently reside in is the next best thing. It’s a broad question and you can read books and articles about market timing. Here’s a link to get you started.
http://www.realestatetiming.com/index.html
[ Edited by nebulousd on Date 01/23/2004 ]
This is called Real Estate speculation.
go a level deeper....Where are jobs moving to and from? Where are people moving? What areas are still under developed.
I think there are 3 kinds of responses to your post.
1. I don't have a clue.
2. It's impossible to know without a Crystal Ball, mine's broken, so I won't even try to speculate.
and 3. I'm already buying up all the property I can in that area and don't want competition, so why would I post my insider information on the world wide web?
Bottom line is that the likelyhood of someone you don't know divulging that type of information to youis slim.
Do your homework, make your calculated risk, and toss your dice....because it is, afterall, a form of gambling.
Nevada, namely Las Vegas and the areas around it. Granted there are other markets that post higher appreciation rates however the risk here is lessened by a few factors. 1. a constant stream of new residents moving here every month, about 4000 net/month. 2. low supply and high demand. 3. growing economy. Real estate has been a hot market everywhere for most of the same reasons; low rates, low stock maret, etc. Other markets don't have these other factors driving them. Just my opinion.
Considering where you are I would look at Phoenix and Nevada. I believe both Las Vegas and Reno areas are doing well. The largest HPI (Housing Price Index) is Rhode Island. You can download HPI statistics from the internet.
I hope that this helps.
Regards,
Ed
Though it's great to be able to experience, better yet, anticipate, market highs, RE is different from the stock market, esp. if you're doing Sub2 or other "not my money" deals. Though some times seem leaner than others, no matter what the market or where you are, there are deals to be found. Twenty years ago, as a vagabond hitchhiking across Texas, I got picked up by a guy from Florida driving a Corvette. He was headed to Austin to do some RE deal.Being interested in RE, I picked his mind about his dealings, but the only thing I remember were his words "There's no secret. You buy from people who want to sell and sell to people who want to buy." I've come to believe that his words encapsulate what all the courses, informercials, and hucksters are trying to tell us.