The Briefing Room

General Category => Economy/Business => Topic started by: truth_seeker on August 10, 2020, 09:24:31 PM

Title: Calif. Real Estate
Post by: truth_seeker on August 10, 2020, 09:24:31 PM

 
There are currently only 18 "distressed sales*, in Orange County  over 3 million pop.), the lowest ever.

It is truly a sellers' market. List at a reasonable price, and watch it sell in days,

* distressed defined as foreclosure or short sale.

Title: Re: Calif. Real Estate
Post by: IsailedawayfromFR on August 11, 2020, 09:05:56 AM
No thank you.
Title: Re: Calif. Real Estate
Post by: catfish1957 on August 11, 2020, 09:35:33 AM
 
There are currently only 18 "distressed sales*, in Orange County  over 3 million pop.), the lowest ever.

It is truly a sellers' market. List at a reasonable price, and watch it sell in days,

* distressed defined as foreclosure or short sale.

Not just a trend for SOCAL.  And for a number of reasons...

In the Pandemic norm, disposable income has to go somewhere, and just as in the case of record Swimming Pool sales, and staycations, the home is being looked at more than just an abode.

Interest are rates low, but may be short lived, when the lagging indicator of the national impact of fed debt starts infliltrating into monetary policy.

Investment options and opportunites have grinded to near zero.  Times like these dictate flights to safety like metals and real estate.  Though IMO, better real estate to get into is farm or timber land.

Title: Re: Calif. Real Estate
Post by: Cyber Liberty on August 11, 2020, 09:45:00 AM
Not just a trend for SOCAL.  And for a number of reasons...

In the Pandemic norm, disposable income has to go somewhere, and just as in the case of record Swimming Pool sales, and staycations, the home is being looked at more than just an abode.

Interest are rates low, but may be short lived, when the lagging indicator of the national impact of fed debt starts infliltrating into monetary policy.

Investment options and opportunites have grinded to near zero.  Times like these dictate flights to safety like metals and real estate.  Though IMO, better real estate to get into is farm or timber land.

In related news, the DJIA just broke 28,000, reaching for the all-time high it had before the lockdowns.  :shrug:

It's been a white-knuckle ride.  I'm glad I converted to real estate 2 years ago.
Title: Re: Calif. Real Estate
Post by: catfish1957 on August 11, 2020, 10:10:12 AM
In related news, the DJIA just broke 28,000, reaching for the all-time high it had before the lockdowns.  :shrug:

It's been a white-knuckle ride.  I'm glad I converted to real estate 2 years ago.

Yes it has.  And right now (and again IMO) the market is about 10-20% oversold.  P/E ratios , and especially in the tech sector have a strangely sour '00-'01 taste to it.
Title: Re: Calif. Real Estate
Post by: skeeter on August 11, 2020, 10:13:36 AM
Yes it has.  And right now (and again IMO) the market is about 10-20% oversold.  P/E ratios , and especially in the tech sector have a strangely sour '00-'01 taste to it.

Jeez. I've been planning on looking into options for converting at least some of my 401k, if there are any.
Title: Re: Calif. Real Estate
Post by: catfish1957 on August 11, 2020, 10:29:40 AM
Jeez. I've been planning on looking into options for converting at least some of my 401k, if there are any.

Don't forget.  just my opinion.  I've been wrong, and March is a good example.  I moved zero to equities after the crash, though I knew better.  Though outside AAPL, which has some huge infrastructure market advantages, I will not touch the sector.