Quote:
Originally posted by Evans, Marv
This thread is insteresting to me.
I'm waiting (hoping) for the housing market (especially new construction) to slow. The prices of labor and materials have gone up a bunch.
The quicker things in the housing and construction industries slow down, the better for me at this point.
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this thread is more that RE interesting. It's the real deal.
my .02 is some hard info that builders, in the Coachella Valley/west of Palm Springs area, are still willing to pay big bucks for small plots in somewhat desired La Quinta style towns. They're hungry and want to build these condos, gated track houses, etc.. so there's plenty of RE $ around in SoCal. I don't think they have seen much of a "flatening" of prices as some other parts of the country. To further the issue it seems like every white-collar US northerner that lives west of the Miss R thinks SoCal is retirement heaven.. 110 golf courses within 60mi of La Quinta, wheather, rest, shows, air ports, fast roads, etc.. Many boomers are mobile. I think finding an outskirt plot and waiting for them to reach you is a good long term RE investment. probably the best in the US imo. So I don't think that E SoCal shows any sign of slowing down.