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The Secret is Out


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2012 Aug 30, 6:42am   45,487 views  90 comments

by BayArea   ➕follow (1)   💰tip   ignore  

You could not find a better investment between mid 2010 through the end of 2011 than low end real estate. Relatively low prices, record low interest rates, and the fact that the mainstream had not yet been fully let in on the secret. For the smart ones (or lucky ones for that matter) that got in during that time, congrats on the move.

Fast forward to 2012, inventory has reached inexplicably low volumes, prices have surged, and the secret about real estate investment is out.

Case and point... I sit at the family table at dinner, and the topic is real estate investment. I go to lunch with co-workers, and the topic is how to become a slum-lord. I go bowling with some friends, and everyone is talking about buying up low end real estate to rent out. I cannot believe what I am experiencing. It's like everyone with a stable job is all of a sudden a real estate investor. It's not just for the upper class anymore. My secretary bought a damn rental property this year in the Bay Area for gawd's sake!

It will be interesting to see what happens after the election and how real estate responds.

Don't get me wrong, with the rental market also surging, real estate is still a good investment today, but it was a great investment 12-24 months ago.

Waiting patiently...

#housing

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17   Eman   2012 Aug 30, 2:28pm  

BayArea says

It will be interesting to see what happens after the election and how real estate responds.

I'll tell you right now. Inventory will remain low for the 1st half of the year. My guess or shall I say my hope is that we will see more inventory in the second half of next year. I will have more insight about this early next year because I sleep in front of the courthouse steps. A spike in foreclosures means more inventory will hit the market in the next 4-8 months.

18   bmwman91   2012 Aug 30, 2:29pm  

Rin says

Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay? I don't know about you but that's really a lame gaydar, if I've ever seen one. Perhaps Tarot cards or a Ouija board may get you better answers.

There have been all sorts of stories from The South where guys have wives and secretly have gay lovers. A bunch of "family values" type Republican senators got caught doing exactly that a few years ago, remember? Generally, the more anti-gay someone is, the more I have to assume that they are actually gay.

19   Biff Baxter   2012 Aug 30, 2:48pm  

BayArea says

Right because married guys never turn out to be gay

If you're married you're not gay. What's not clear about that?

Rin says

Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay?

Documented sex? Are there films of Tom Cruise having sex with one of his wives? That's a serious player man.

Biff

20   curious2   2012 Aug 30, 3:10pm  

Biff Baxter says

If you're married you're not gay. What's not clear about that?

LOL! It's clear enough, but totally false. First of all, gay couples get married, i.e. same sex marriage. Second, closeted persons get married, usually to someone of the opposite sex. Larry Craig is married, for example.

21   JodyChunder   2012 Aug 30, 4:57pm  

Biff Baxter says

If you're married you're not gay. What's not clear about that?

The pressure to belong and assimilate in some circumstances is so immense that people will repress themselves and turn themselves inside out so as not to alienate their support group. It's pretty sad, but I have seen it. There are gay men I know that have had more pussy than I have, and my headboard is held together with notches. (I'm working on fixing that, but an arthritic hip is not helping.)

I also know for some men it isn't entirely about orientation -- I've known some so-called libertines who refuse to adhere to any convention when it comes to anything, including sex.

So there you go.

22   Biff Baxter   2012 Aug 30, 5:12pm  

Are you people saying that gay men sometimes marry straight women? Get out of here.

Biff

23   ELC   2012 Aug 30, 9:21pm  

Rin says

Right because married guys never turn out to be gay

Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay? I don't know about you but that's really a lame gaydar, if I've ever seen one. Perhaps Tarot cards or a Ouija board may get you better answers.

Gays leading the appearence of straight lives is so common the gays have a word for it, "beard." "Katie is Tom's beard."

24   37108605   2012 Aug 30, 9:31pm  

PockyClipsNow says

The federal reserve is forcing us to buy up the RE.

CD pays 1%

STOCKS=scary

BONDS=pay crap/scary

This leaves real estate.

Unlike the entire above, fools do not realise that you do not live in a CD, you do not live in a bond, and you do not live in stocks.
But THAT is what they want you to believe ...subconsciously that you DO.

Do yourself a favour and get out of the spin cycle, then you may find you have started to build real wealth.

25   The Original Bankster   2012 Aug 30, 11:01pm  

Biff Baxter says

BayArea says

Right because married guys never turn out to be gay

If you're married you're not gay. What's not clear about that?

Rin says

RED ALERT RED ALERT

LIBTARDS MAN YOUR BATTLE STATIONS!

26   FortWayne   2012 Aug 31, 12:25am  

uomo_senza_nome says

Investment RE is a different beast. It requires a lot more work than sitting online and issuing buy/sell.

Everyone is different. To most average folks investing in RE is buying and renting it out. That's not really an RE investment. Real RE investment takes millions which I don't have and makes good returns, and I'm sure no one on this board participates in that either.

Robert buys rentals, E-man same thing, some fella who likes to go by the name burritos does the same. They aren't investing, they are just playing with some low end RE. Now if enough of us can pull our money together for a real investment, that could be something.

27   Dan8267   2012 Aug 31, 12:39am  

Biff Baxter says

Rin says

Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay?

Documented sex? Are there films of Tom Cruise having sex with one of his wives? That's a serious player man.

If it's Katie Holmes, I want to examine the documentation.

28   The Original Bankster   2012 Aug 31, 12:39am  

why is it every time idiot Liberals want to appear to be something other than insane communists they start acting like this ridiculous cowboy character?

'a feller by the name Burrito' ... idiot, go back to the gay bath house faggot.

29   Biff Baxter   2012 Aug 31, 1:02am  

The Original Bankster says

idiot, go back to the gay bath house faggot.

I'm confused. What's a faggot? A cigarette? And why does he need a bath?

Biff

30   The Original Bankster   2012 Aug 31, 1:31am  

Biff Baxter says

The Original Bankster says

idiot, go back to the gay bath house faggot.

I'm confused. What's a faggot? A cigarette? And why does he need a bath?

Biff

someone from California.

31   Eman   2012 Aug 31, 2:22am  

The Original Bankster says

Biff Baxter says

The Original Bankster says

idiot, go back to the gay bath house faggot.

I'm confused. What's a faggot? A cigarette? And why does he need a bath?

Biff

someone from California.

The San Francisco Treat.

Aw. That's just wrong man. One size doesn't fit all.

32   REpro   2012 Aug 31, 3:12am  

E-man says

When everyone is talking about it, that means it's almost over

I agree. When everybody talks about it, something is fishy. Something going to be lifted out of fundamentals again. Somebody is going to lose Money or Mind.
1987- Real estate double every year
2000- Everybody was giving stocks advice
2006 – Real estate is going up to the roof, buy now
A year ago- gold, gold, gold
Hell, 3 mo. ago FB was the best investment, everybody were talk about it (18.25 today)

33   Rin   2012 Aug 31, 3:15am  

ELC says

Gays leading the appearence of straight lives is so common the gays have a word for it, "beard." "Katie is Tom's beard."

Ok, I got that but that doesn't make for a Gaydar, i.e. "Oh look ... that good looking, in-shape guy is with a woman. He must be gay."

Otherwise, you'll then have an inverse stereotype for a married hetero man being fat, balding, and ill who's stuck with a nagging wife. "Oh look ... he's fat & ugly, gotta be straight!"

34   Rin   2012 Aug 31, 3:19am  

The Original Bankster says

someone from California.

Massachusetts is a lot easier; we have the South End of Boston and Provincetown MA for open homosexuals and Northampton MA, for lesbians. But in all honesty, I don't think the South End is safe to live in anymore. Provincetown, however, is a gorgeous seaside peninsular region. If it were a straight destination, I might even consider moving there for the grand ocean vistas.

35   REpro   2012 Aug 31, 3:22am  

If rent drop only 5% - 50% of demand will disappear.

36   Rin   2012 Aug 31, 3:24am  

Dan8267 says

If it's Katie Holmes, I want to examine the documentation.

Actually, I was more interested in examining Nicole Kidman :-) !

37   Dan8267   2012 Aug 31, 3:29am  

Rin says

Dan8267 says

If it's Katie Holmes, I want to examine the documentation.

Actually, I was more interested in examining Nicole Kidman :-) !

Only if it was old documentation from the early 1990s. She's over 30 now, ewwww. Actually, she's over 40 now, double ewwww.

38   Goran_K   2012 Aug 31, 3:54am  

Dan, Nicole Kidman may be a vampire. She looks pretty good for a 40+ woman.

39   Dan8267   2012 Aug 31, 4:02am  

Goran_K says

Dan, Nicole Kidman may be a vampire. She looks pretty good for a 40+ woman.

You're thinking of Kate Beckinsale, the only woman almost 40 who still looks good, and who plays a vampire in Underworld.

40   Dan8267   2012 Aug 31, 4:05am  

Speaking of Kate Beckinsale...

http://www.youtube.com/embed/G6vYraQfxqM

41   bmwman91   2012 Aug 31, 4:27am  

LOL

Hilarious video.

42   Rin   2012 Aug 31, 4:44am  

Dan8267 says

You're thinking of Kate Beckinsale, the only woman almost 40 who still looks good, and who plays a vampire in Underworld.

Don't forget Raquel Welch, now in her 70s, and clearly looks like she's in that mid-40s category, talk about the eternal cougar :-) !

43   PockyClipsNow   2012 Aug 31, 5:01am  

funny vid.

unshaven clown!! hahahaha

i can see this election coming down to abortion. its the only issue simple enough to get the dumb ass 'swing voters' to actually express an opinion.

44   Homeboy   2012 Aug 31, 5:04am  

Seems like irrational exuberance 2.0 is starting a bit early.

45   CrazyMan   2012 Aug 31, 5:39am  

Dan8267 says

I'll be in my bunk pretending to be a Republican.

46   edvard2   2012 Aug 31, 6:04am  

I bought a house and have healthy retirement and cash savings. I work and I save. Somehow that seems to work out just fine and dandy for me. If anyone else has some sort of conspiracy-filled, whatever investment ideas.... go for it. Hope it works out for you.

47   ELC   2012 Aug 31, 9:06am  

Call it Crazy says

It is all very distressing to me...I'm just a simple guy who likes yoga, biking to work, and eating a healthy vegetarian diet..

You forgot hanging out with your dog on that list...

http://services.azre.gov/publicdatabase/SearchIndividuals.aspx

48   Eman   2012 Aug 31, 9:55am  

robertoaribas says

It is all very distressing to me...I'm just a simple guy who likes yoga, biking to work, and eating a healthy vegetarian diet... I'm too worked up right now, I'm going to go do some yoga and meditate.

Very funny, and I thought you didn't have a sense of humor although they're kind of dry. It must be from the Arizona's sunshine. :)

49   Homeboy   2012 Aug 31, 4:57pm  

robertoaribas says

I bought a home... then another and another... 13 total so far, 2 more under contract short sales... I remodelled and rented them all out...

then, the bottom end of Phoenix caught fire, and prices for these homes went up 30% and more...

Bullshit.

50   wbblair3   2012 Aug 31, 11:15pm  

"Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay?"

No, he's potentially bisexual. There's gay, straight, and bisexual. Bisexual should not be categorized as either gay or straight as it is both. Here's Kinsey's scale on that topic:

http://en.wikipedia.org/wiki/Kinsey_scale

51   Dan8267   2012 Sep 1, 12:11am  

CrazyMan says

I'll be in my bunk pretending to be a Republican.

http://www.youtube.com/embed/xrFaTjcNzZM

52   thomaswong.1986   2012 Sep 1, 12:19am  

wbblair3 says

No, he's potentially bisexual.

or a sex addict

53   ELC   2012 Sep 1, 4:36am  

wbblair3 says

No, he's potentially bisexual.

Maybe he's Heteroflexible

54   Biff Baxter   2012 Sep 1, 7:23am  

wbblair3 says

Bisexual should not be categorized as either gay or straight as it is both.

It's pretty gay.

Biff

55   Biff Baxter   2012 Sep 1, 7:24am  

robertoaribas says

I'm just a simple guy

There's an understatement.

Biff

56   ELC   2012 Sep 1, 7:56am  

GameOver says

Hence, when the MORONS start jumping headlong into the RE market, the SMART money jumps OUT.

Would you say morons jumped in during the bubble because of people like Carlton Sheets? Would that be an indicator? There's some little weasel on TV now (forget his name) but in general I don't see too many Real Estate for Dummies programs out there right now.

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