My takeaways: Rents should be under intense pressure over the next few years. Growth of U.S. households since this blog began = about 8 million! The affluent are winning. Hat tip to Kerry for sending this in! LINK Ten years after the U.S. housing market crashed, some...
Real Estate Investing
Australian Deals Under $2M
SQUALID dumps including completely unliveable houses are up for sale as the real estate market prepares for a “Super Saturday” of auctions. The number of houses advertised for sale in Sydney is on a three-year high, reflecting a boom of 13 per cent since this time...
Investor Financing For Flips?
Big-money investors are entering the real estate space, though not in California yet - but it's just a matter of time. Notorious R.O.B. explores whether there would be much difference between selling to an investor, and selling with a realtor on the open market:...
Buying a Crack House
Hat tip to Eddie89 for finding this article on remodeling: http://torontolife.com/real-estate/parkdale-reno-hell/ It was a crumbling Parkdale rooming house, populated by drug users and squatters and available on the cheap. We were cash-strapped, desperate to move and...
High Comp Alert
The list price was $729,900 - $759,900. It closed for $785,000 cash yesterday! The previous high sale on the street was $685,000 in December for a bigger house on the same side of the street. Congrats Tom!
Local Flipper Business
Here's a video tour of Tom's latest project, and discussion about his business. The master suite in back was two bedrooms that he combined, and re-configured to create a large walk-in closet and right-sized master bath. Note how he hit all the hot buttons: curb...
Investors in Carmel Valley?
A reader asked if there has been an influx of investors around Carmel Valley. Buying an investment property is worth considering. Money sitting in the bank couldn't be more idle, and the rents around the 92130 have been averaging $2/sf, which is pretty strong. We've...
3D Printing of Homes
The building of homes is getting cheaper every year - this cost $10,134. Isn't it inevitable that someone will build a whole community of these? http://newatlas.com/apis-cor-3d-printed-tiny-house/48231/ Though 3D-printed architecture is still in its relative infancy,...
RSF Spec House
These guys have been building the light, open, modern look up and down the coast, and providing a great custom product. This one can be yours for $11,000,000! Here's how it looked in the N.Y. Times:...
Gaping Gash of Grout
Are fixers out of the question? Are you willing to pay a premium for a reno? How much extra?