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The reason why I'm asking is because, at least in the areas in which I travel, and live I see a lot of R.E. development projects as well as companies buying lots of properties and raising the rents to be sky high.
Do you think the market is going to eventually bust?
I don't have a solid understanding of R.E. as an asset class so please correct me along the way.
Like all markets, the ones for real estate can go up or down or become weaker or stronger over time. But there are no actual cycles by which such changes occur. It just depends on what's going on at the time.
Like all markets, the ones for real estate can go up or down or become weaker or stronger over time. But there are no actual cycles by which such changes occur. It just depends on what's going on at the time.
Just ridiculous. History shows all sorts of cycles with surges in construction, buying, and prices and eventual declines in those parameters. Since 2008 construction has been slow, sales have been slow and prices have only recently started to show increases. At least that is the national pattern. Some local areas are completely different. Rental costs have increased over the past few years with strong demand and limited supply.
Cycles are regularly repeating phenomena. A lot of time and money has been spent looking for cycles in all sorts of economic data. None have been found. Markets may go up, they may go down, or they may remain pretty much the same for a while. That's all they CAN do, but they don't do any of it because some cycle-timer somewhere went off.
Like all markets, the ones for real estate can go up or down or become weaker or stronger over time. But there are no actual cycles by which such changes occur. It just depends on what's going on at the time.
Pretty non sequitur statement there.....
RE going up or down, weaker or stronger IS A CYCLE!
Definition of cycle as a noun:
any complete round or series of occurrences that repeats or is repeated.
There are some markets which are overheating, others that are healthy, others that are depressed.
I'm currently looking at condos here in Indianapolis and am amazed at what I can get for under $100k in nice parts of town. Some of these condos are fairly well updated and can be had for a song.
I've also been looking at potentially moving to central Florida (Tampa to Orlando) and am surprised at what I can find there to.
I'm from TN and Nashville's RE market seems to be way overheating and the area going through a boom that will probably deflate fairly soon. It's difficult to find anything with reasonable access to downtown Nashville for under $200k, yet the wages there aren't much better than rural areas of TN, at least for jobs I've applied to.
Simple statements of fact. That things which ONLY CAN go up or down or stay about the same are observed at random to go up or down or stay qbout the same is no evidence for cycles at all.
Quote:
Originally Posted by City Guy997S
RE going up or down, weaker or stronger IS A CYCLE!
See, THERE'S your problem. Only particular patterns of going up, down, and staying about the same actually qualify as cycles. Plain old random meanderings do not qualify, and these are all that is detectable in the record.
Quote:
Originally Posted by City Guy997S
Definition of cycle as a noun: any complete round or series of occurrences that repeats or is repeated.
See, you said so yourself.
Last edited by Major Barbara; 05-15-2015 at 09:46 AM..
That is a nice condo. That's priced to sell and it will. That's a price in which you can either pay cash or pay it off fast or even have very low payments over a long period of time.
I would buy something like that and put another $xx,000 into it to make some slight updates.
Good luck if you decide to buy it. That's all I would need. Especially the 2 car garage.
Quote:
Originally Posted by Emigrations
There are some markets which are overheating, others that are healthy, others that are depressed.
I'm currently looking at condos here in Indianapolis and am amazed at what I can get for under $100k in nice parts of town. Some of these condos are fairly well updated and can be had for a song.
I've also been looking at potentially moving to central Florida (Tampa to Orlando) and am surprised at what I can find there to.
I'm from TN and Nashville's RE market seems to be way overheating and the area going through a boom that will probably deflate fairly soon. It's difficult to find anything with reasonable access to downtown Nashville for under $200k, yet the wages there aren't much better than rural areas of TN, at least for jobs I've applied to.
Yes. But this time it's going to happen in China. Completely and utterly unsustainable. It's going to make our real estate bust look like a hiccup in comparison.
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