Comments on: It Was The Best of Times. It Was The Worst of Times. The 2009 Real Estate Year In Review

By: Neil Uttamsingh

Neil Uttamsingh — Thu, 31 Dec 2009 02:46:01 +0000

Thanks Peter.
All the best to you as well in 2010!

Best Regards,
Neil.
.-= Neil Uttamsingh´s last blog ..The Evolution of a Real Estate Investor – Part Two =-.

By: Maria Gudelis

Maria Gudelis — Wed, 30 Dec 2009 12:58:13 +0000

Nice article Peter,
you are right this year we stared with recession and ended with the same situation but technically it is better than the previous year if we are talking about Real Estate. let’s hope it will be great for next year.

Maria Gudelis Real Estate Expert
.-= Maria Gudelis´s last blog ..Countdown: 7 Clients in One Week and the Twitter | Facebook Webinar =-.

By: Peter Giardini

Peter Giardini — Wed, 30 Dec 2009 07:05:07 +0000

Neil… I fully understand the sense of fear investors may be experiencing. There has been a lot of turmoil as you know throughout this past year.

The best investors sucked it up and made out like bandits.

Happy New Year!

By: Peter Giardini

Peter Giardini — Wed, 30 Dec 2009 07:03:13 +0000

Bob, thanx for the post. Sounds like a great location if you have inventory to sell… I would imagine puying is a different story. As they say all real estate is local.

By: Neil Uttamsingh

Neil Uttamsingh — Tue, 29 Dec 2009 20:44:52 +0000

Hi Peter,

I am in Canada, just outside of Toronto.
Our real estate market here for the most part has remained relatively strong. Mind you there are some areas that have seen better days. However, for the most part things have not been effected no where near the level as in the US.
In 2009, I witnessed a lot of fear with real estate investors in Canada. The recession really paralyzed a lot of people from taking action. A lot of people were afraid to buy, and sat on the sidelines.
Throughout 2009 when I take a look back, many of my peers and fellow investors bought a considerable amount of properties all during this time. All positive cash flow properties. In my mind, it was a great time to buy here. Since the recession started, all the way up until it finished, I bought 3 properties, one condo, and 2 townhouses. Others that I know were buying at a pace of about one property a month.

So in summary, my thoughts are as follows.

The recession really scared a lot of people in Canada as well. I kind of paid little attention to it (the recession), and continued to focus on buying real estate investments that were economically sound.

Best Regards,
Neil.

By: Bob

Bob — Tue, 29 Dec 2009 19:02:54 +0000

Great article Peter. The only difference I see between where you are, and where I am at in the Bay Area of California is that we have not seen the foreclosures yet. Our inventory levels have dropped to the point where we are only 35% of December 2008 levels. So, we are seeing multiple offers on many properties. .-= Bob´s last blog ..Why is it Becoming Difficult to Find a Great Buy for San Ramon Real Estate? =-.