Pull Cash out of everything that you can take the shortest amount of risk in. Your going to need it. Michael B.
Another sign is this thread. 12 months ago any comment here would have generated 10 replies. Now no one wants to discuss it. Why?? Because all the home owners who were so quick to defend the housing market now see problems and don't want to talk about it. John
i just spent 2 days touring a parade of homes show where builders show off new homes all over the city. i asked about the market. several realtors and builders said things have really slowed down. there is lots of new inventory out there.
We have the same thing here in Denver named, The parade of Homes also. The builders get to show off their stuff...The builder that built my Condo has one. It's funny everything these builders own, is for sale... These custom homes are awesome...But my condo of course had the cheapest alternatives...cause he did not need to live in them...
builder that build to live in and sell can print money. if you live in it for a short time its all tax free. downside if you cant sell you just live in it. the problem is getting the wife to move that often.
Some of us acknowledge that San Diego may no longer be a sellers market. Let me just say all you guys that were calling a top last year missed out on some epic paper gains here in the hottest market in the country. I could actually cash out of one of my properties now because it will be two years next month. The question is do I. If you were sitting in the hottest market in the country with families moving in like crazy would you sell. Would a person who actually stepped up to the plate and bought real estate sell?