September is in the books, so it’s time to take a good hard look at how the Tri-Lakes market did through September of 2007
There were 37 new homes listed for sale. The average list price of these homes was $492,655
There were 11 homes that went “Under Contract”, the average list price of those homes was $429,463
Earlier this month I commented on how players in the sub-prime market were taking a beating.
I’ve been a USAA member for seventeen years, since I was a junior at West Point (USAA is the financial institution dedicated to serving our Armed Forces).
Okay, here’s a new way of looking at things: perhaps irrational exuberance isn’t the bane that we thought it was. Okay, maybe investors took a financial bath by loading up on tulip bulbs back in the 1600’s or shares of pets.com in the 1990’s - but hey, they were contributing to the greater good!
Many Australian residents and those interested in Australian Real Estate Investing have found Tasmania, a safe retreat from the metropolitan areas with a temperate climate and plenty of waterfront properties.
In the past ,Tasmania has always been the most affordable state in Australia for real estate investment. Tasmania offers a vast amount of less costly options to live and certainly offers investment potential for investors willing to wait some time. Tasmania is ideal for investors willing to accept lower rents in exchange for retirement bed making. Australian real estate investors are finally starting to notice Tasmania.
I spend a fair amount of time thinking about money and my ideas about the subject have changed over time. Money, in my view, is not the key to happiness – but being overwhelmed by money (or by the lack of it) can
I wrote an earlier post on negotiating, stressing the idea that investors should negotiate based on principles instead of trying to defend established positions. What do I mean by this? I mean that if you negotiate based on a position (example: I’ll pay $100 thousand and not a penny more) then you’ll end up digging your heels in on something that may not be the only path to getting to the principle that’s really at the core of your best interests (perhaps the seller could offer seller financing? Or give a package discount on the neighboring plot?)
Recently I was looking for a new tenant for a single family home that was going to be vacant in about a month’s time. The house is in the back of a quiet cul-de-sac, so I spoke to a neighbor a couple of houses over on a busy corner and paid her $20 bucks to put a “For Rent” sign with my phone number in her front yard.
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There’s a conventional wisdom out there that higher-end properties bring good tenants and lower end properties bring problem tenants.