DOUBLE DIP HOUSING BUST IN NEXT FEW MONTHS - BUY INCOME PROPERTY & APARTMENT BUILDINGS NOW!

Reblogger Gene Riemenschneider
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Apartments are great buys for Investors in Northern California too.  We just helped an investor get into contract on an apartment with a CAP Rate in excess of 12%. 

If you have questions about Real Estate Investments please E-Mail Me or go to HomePointRealEstate.com.

Original content by Tom Waite

S & P CASE/SHILLER PREDICT THAT THE SECOND DIP HOUSING BUST WILL BE UPON US WITHIN THE NEXT FEW MONTHS. BUY APARTMENT BUILDING INVESTMENT PROPERTY IN SOUTHERN CALIFORNIA! Orange County, Los Angeles County, San Diego County and the Inland Empire of San Bernardio and Riverside Counties are ripe for investing.

 

Read this inverview with David M Blitzer of S & P and you'll understand their thinking. It doesn't look good for housing prices and more homes are going "underwater" daily... HOME PRICES NEAR A DOUBLE DIP - 

Thus...more foreclosures and short sales are in the pipeline which has been clogged by lawsuits from the 50 Attorneys General of America who are seeking some type of a settlement in the RoboSigning and fraudulent paperwork schemes which came to light last year.

BAD NEWS FOR HOMEOWNERS IS GREAT NEWS FOR INVESTORS! THERE WILL BE A NEED TO HOUSE ALL OF THE DISPLACED FORMER HOMEOWNERS FOR THE NEXT 5 TO 20 YEARS. Apartment buildings, both big and small, will be the answer.

Since most "Government Pundits & N.A.R." predicted that we'd be "deep in the heart of the Housing recovery" by the end of the First Quarter of 2011... it could turn out that all of the current Government's endless "tweaking and changing" (remember CHANGE IS GOOD?) of the tax and economic rules, may prolong this Great Recession of 2007...until 2020.  

AND...No matter what happens in the 2012 election,

America has SQUANDERED THE GOLD OF SEVERAL GENERATIONS in the past three years.

The ONLY way to build something for your children or your retirement will be to house the refugees of the Great Recession!

The GRAPES OF WRATH ARE UPON US, AGAIN! 

American home prices have already fallen farther and faster than the Great Depression price crash for homes in the 1930s. The farther down the property values descend during this economic slowdown (the Great Recession of 2006-2020?) the more properties which will fall below the "underwater line".  This means that the loans on the property are larger than what can be paid by selling the property at current market value (CMV).

INVESTOR PATRIOTS MUST STEP UP TO THE PLATE AND PROVIDE DECENT HOUSING FOR THE DISPLACED!

Great Depression

California has a 900 mile coastline and NO ONE is capable of building anymore coastline.  The Los Angeles Basin is bordered by the mountains on the east, the Pacific Ocean on the west, San Diego on the south and Malibu on the north.  The warm desert breezes run into the cool ocean breezes and create a Mediterranean climate that everyone in the world to aspires to experience.  However, right now, California real estate is experience the same downturn that every place in America is currently experiencing.

Apartment Building Investments in Orange County CA are going to be a spectacular move in the very near future and will begin their upside value appreciation as the single family market continues to deteriorate.  The more homeowners who lose their homes to foreclosure or short sale, the more apartments will be needed.  Building new apartments in North Orange County, CA is nearly out of the question because the cost of small vacant parcels makes the cost of new construction prohibitive.  Over the past 20 years the Cities have created such stringent "off street" parking restrictions that most of the older 4 Plex sized parcels no longer qualify without a costly building code "variance".

So, buy Orange County Apartment Buildings before the prices and interest rates go up, again.  Call me Now!

 

 

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Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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Rainer
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Michele Miller ~ REALTORĀ®, LMC, HSE, CHS
Keller Williams Greater Worcester - Worcester, MA
"Your Full Service Professionals"

I think the rentals will be busy the next few years.

Thank you for the post Gene!

Makes sense to me.

Apr 03, 2011 11:54 AM #1
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Gene Riemenschneider

Turning Houses into Homes
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