Just met w/ a developer - housing affordability may get much worse.
Jake AndronicoBusiness Member
Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votesJust met w/ a developer - housing affordability may get much worse.
Most Popular Reply
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
1yQuote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.
With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyones take.
I just paid my contractors liability insurance and it went up another 40%. That's a total of120% since 2019. My broker says more hikes to come.
Building codes are getting much stricter and I suspect heading your way. Every circuit in a house is now afci/gfci. Must have solar, ev charger etc.
My materials distributors are expecting more inflation.
Homeowners insurance is still going up.
I wholly expect CA residents to continue to move there (wished I'd bought there! Lol)
So I think its very reasonable for you to assume prices continue to rise there.
23 Replies
- Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes1y
Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyones take.I just paid my contractors liability insurance and it went up another 40%. That's a total of120% since 2019. My broker says more hikes to come.
Building codes are getting much stricter and I suspect heading your way. Every circuit in a house is now afci/gfci. Must have solar, ev charger etc.
My materials distributors are expecting more inflation.
Homeowners insurance is still going up.
I wholly expect CA residents to continue to move there (wished I'd bought there! Lol)
So I think its very reasonable for you to assume prices continue to rise there.
- Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes1yWow, that's a ridiculous jump in that amount of time.
Quote from @Alan F.:
Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyones take.I just paid my contractors liability insurance and it went up another 40%. That's a total of120% since 2019. My broker says more hikes to come.
Building codes are getting much stricter and I suspect heading your way. Every circuit in a house is now afci/gfci. Must have solar, ev charger etc.
My materials distributors are expecting more inflation.
Homeowners insurance is still going up.
I wholly expect CA residents to continue to move there (wished I'd bought there! Lol)
So I think its very reasonable for you to assume prices continue to rise there.
Our industrial and commercial spaces have been much more lenient, but it needs to come into residential as well.
Amazing if you already own or are getting in at a price point that makes sense.
One thing that not many people talk about too is how there is disincentive for current homeowners to curb affordability.
That ultimately means their property value goes down, and around 65% of the Nation are homeowners:
https://fred.stlouisfed.org/series/RHORUSQ156N - Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes1y
Quote from @Jake Andronico:
Wow, that's a ridiculous jump in that amount of time.Quote from @Alan F.:
Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyones take.I just paid my contractors liability insurance and it went up another 40%. That's a total of120% since 2019. My broker says more hikes to come.
Building codes are getting much stricter and I suspect heading your way. Every circuit in a house is now afci/gfci. Must have solar, ev charger etc.
My materials distributors are expecting more inflation.
Homeowners insurance is still going up.
I wholly expect CA residents to continue to move there (wished I'd bought there! Lol)
So I think its very reasonable for you to assume prices continue to rise there.
Our industrial and commercial spaces have been much more lenient, but it needs to come into residential as well.
Amazing if you already own or are getting in at a price point that makes sense.
One thing that not many people talk about too is how there is disincentive for current homeowners to curb affordability.
That ultimately means their property value goes down, and around 65% of the Nation are homeowners:
https://fred.stlouisfed.org/series/RHORUSQ156NGreat point Jake. I highly suspect N Nevada is going to see ongoing demand. Lots of folks here on the western slope look to move there. Even further out too. I can see a day where rural areas east of you are in demand. Imagine super commutes into Sparks!
There's still alot of Boomers in the Bay Area to retire
- Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes1yWe'll see. Fernley has doubled population in the last 20 years.
Quote from @Alan F.:
Quote from @Jake Andronico:
Wow, that's a ridiculous jump in that amount of time.Quote from @Alan F.:
Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyones take.I just paid my contractors liability insurance and it went up another 40%. That's a total of120% since 2019. My broker says more hikes to come.
Building codes are getting much stricter and I suspect heading your way. Every circuit in a house is now afci/gfci. Must have solar, ev charger etc.
My materials distributors are expecting more inflation.
Homeowners insurance is still going up.
I wholly expect CA residents to continue to move there (wished I'd bought there! Lol)
So I think its very reasonable for you to assume prices continue to rise there.
Our industrial and commercial spaces have been much more lenient, but it needs to come into residential as well.
Amazing if you already own or are getting in at a price point that makes sense.
One thing that not many people talk about too is how there is disincentive for current homeowners to curb affordability.
That ultimately means their property value goes down, and around 65% of the Nation are homeowners:
https://fred.stlouisfed.org/series/RHORUSQ156NGreat point Jake. I highly suspect N Nevada is going to see ongoing demand. Lots of folks here on the western slope look to move there. Even further out too. I can see a day where rural areas east of you are in demand. Imagine super commutes into Sparks!
There's still alot of Boomers in the Bay Area to retire
It's pretty wild to me that CA properties HAVE to have solar and EV chargers...
Adds so much cost. - Member since 2018 · 1k+ posts · 1k+ votes1yHousing mix will change; more condos and co-ops and multi-family apartment buildings. Only luxury single family houses will be built.
Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyone’s take.
Plus side is less urban sprawl, fewer builds in indefensible areas (wooded hillsides, only-one-road access, etc.), and greater affordability. - Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes1yInteresting take. Multifamily units won't be for sale, so you're saying the co-ops and condos being built will be the main affordable housing supply?
Quote from @John Clark:
Housing mix will change; more condos and co-ops and multi-family apartment buildings. Only luxury single family houses will be built.Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyone’s take.
Plus side is less urban sprawl, fewer builds in indefensible areas (wooded hillsides, only-one-road access, etc.), and greater affordability. - Member since 2018 · 1k+ posts · 1k+ votes1yA participation in a Mf syndicate.
Quote from @Jake Andronico:
Interesting take. Multifamily units won't be for sale, so you're saying the co-ops and condos being built will be the main affordable housing supply?Quote from @John Clark:
Housing mix will change; more condos and co-ops and multi-family apartment buildings. Only luxury single family houses will be built.Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyone’s take.
Plus side is less urban sprawl, fewer builds in indefensible areas (wooded hillsides, only-one-road access, etc.), and greater affordability. - 1yBradley BuxtonBusiness MemberReal Estate Agent · NV · Member since 2023 · 1k+ posts · 715 votes
As desirable areas near city centers become more expensive and densely populated, there will be a resurgence of suburbs located approximately 10-30 miles outside major cities. For instance, people from the Bay Area are moving to Antioch and Hollister, Sacramento residents are relocating northward and south to places like Elk Grove, and Reno residents are moving to Dayton and Fernley. This shift will increase the pressure for transportation to and from job centers. With a push to bring more manufacturing back to the U.S. and more employees returning to office work, there will be a greater need for mass transit solutions rather than building more roads lowering the quality of living if you want that SFH with a yard.
- 1yRobert EllisBusiness MemberDeveloper · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyones take.not in columbus ohio they don't care about the environment. we are building 7 houses at a time and there's nothing in the way all of this year. new deliveries and prices are very strong. maybe blue states but not something we have to worry about in our local market. land is a buyer's market in most areas too. Can you show me a city in America where land is at a shortage? most land has more than 6 months supply which means it's a sellers market. that's the same in our main market in Columbus Ohio and miami florida as well where I relocated to.
Section 8 Launch52 Reviews - Rental Property Investor · San Francisco Bay Area · Member since 2022 · 1k+ posts · 1k+ votes1y
I've seen the pattern with Bay Area people moving out to Brentwood, Oakley and both cities' home prices have gotten expensive - I consider Antioch/Pittsburg as part of the Bay Area and now Brentwood. I know a few people including co-workers who moved out to Manteca and Stockton and do the horrendous commute
Interestingly there's been a bit of a comeback with San Francisco after people wanting to move out to the suburbs during COVID. I know some diehard city people who just love living there. Those that could afford the huge mortgage bought a primary, built ADU and did STRs or MTRs in S.F. The home values are still lower than pre-pandemic and far fewer multiple offers.
Vegas was the big topic among my local meet up circle. One of my commercial RE agent friends here moved out there. I haven't heard much talk about Northern Nevada.
I'm one of the people considering leaving California for Nevada. My rental properties in the Bay Area aren't in a fire zone but I live in a fire zone. I'm scared of how much my insurance will go up after the LA fires but there is a cap with CA regulations and also being dropped.
My property tax base on my primary is somewhat reasonable but the total property tax goes up because of all the special assessments, some of which make no sense to me (and I didn't vote for those). Sales tax is also very high. I'm kinda of tired of all the people, traffic and rat race even though the Bay Area has so many amenities,
One of my thoughts was the land constraints with Reno and prices going up dramatically. I wish I had bought in Nevada 10 years ago (silently crying lol).
- Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes1yShow you a city where there's a land shortage? Yes, Reno, NV (click on the first link) and a lot of other areas on the West Coast.
Quote from @Robert Ellis:
Quote from @Jake Andronico:
Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.
Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.
This will simply causes prices to be even higher, and continue to constrict demand...
The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.
Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis
Releasing Federal Land for private sale?
I know this is also a National issue, especially in land constricted markets. What do you see out there?
Curious to get everyones take.not in columbus ohio they don't care about the environment. we are building 7 houses at a time and there's nothing in the way all of this year. new deliveries and prices are very strong. maybe blue states but not something we have to worry about in our local market. land is a buyer's market in most areas too. Can you show me a city in America where land is at a shortage? most land has more than 6 months supply which means it's a sellers market. that's the same in our main market in Columbus Ohio and miami florida as well where I relocated to.
In the South and Midwest, that totally makes sense, hence the price points. Glad you've been able to capitalize on it! - Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes1yYep, an SF play is actually interesting to me right now. When most people say don't buy (like in 2009), it's usually a great time if there are strong underlying fundamentals. SF is too globally recognized and loved to go away in my opinion.
Quote from @Becca F.:
I've seen the pattern with Bay Area people moving out to Brentwood, Oakley and both cities' home prices have gotten expensive - I consider Antioch/Pittsburg as part of the Bay Area and now Brentwood. I know a few people including co-workers who moved out to Manteca and Stockton and do the horrendous commute
Interestingly there's been a bit of a comeback with San Francisco after people wanting to move out to the suburbs during COVID. I know some diehard city people who just love living there. Those that could afford the huge mortgage bought a primary, built ADU and did STRs or MTRs in S.F. The home values are still lower than pre-pandemic and far fewer multiple offers.
Vegas was the big topic among my local meet up circle. One of my commercial RE agent friends here moved out there. I haven't heard much talk about Northern Nevada.
I'm one of the people considering leaving California for Nevada. My rental properties in the Bay Area aren't in a fire zone but I live in a fire zone. I'm scared of how much my insurance will go up after the LA fires but there is a cap with CA regulations and also being dropped.
My property tax base on my primary is somewhat reasonable but the total property tax goes up because of all the special assessments, some of which make no sense to me (and I didn't vote for those). Sales tax is also very high. I'm kinda of tired of all the people, traffic and rat race even though the Bay Area has so many amenities,
One of my thoughts was the land constraints with Reno and prices going up dramatically. I wish I had bought in Nevada 10 years ago (silently crying lol).
If SF can be turned around, I think it could make a lot of sense if you understand the intricacies and can put up with the tenant/landlord law for the long term.
Nobody really thinks about Northern Nevada and have slept on it for quite some time. We quietly now have a $600K median home price and are rapidly running out of developable land.
People will most likely be saying the same thing in another 10 years!! - Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes1y
Hey @Jake Andronico
I know you specialize in Reno but since it’s close I thought I’d ask.
I watched a Brigg’s YouTube video on best places to retire and Carson City was #2.
I was thinking more of drive up occasionally during the summer place unless Vegas gets much worse.
Do you have an overall opinion and an opinion compared to Reno/Vegas?
-thanks.
- Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes1yWorking with a retiree couple right now in Carson City, and closing an 8 plex for a client down there in about a week.
Quote from @Bill B.:
Hey @Jake Andronico
I know you specialize in Reno but since it’s close I thought I’d ask.
I watched a Brigg’s YouTube video on best places to retire and Carson City was #2.
I was thinking more of drive up occasionally during the summer place unless Vegas gets much worse.
Do you have an overall opinion and an opinion compared to Reno/Vegas?
-thanks.
Great, niche market and definitely slower pace than Reno/Sparks.
But, it's very commutable, and a lot of people working in Reno (especially South Reno) actually live in Carson City because it's cheaper.
Average age is significantly higher, and there is less to do downtown. But, a lot of people like that. Still close to Lake Tahoe and can go down to Minden/Gardnerville for an even more boutique, small town feel, or zoom up to Reno for a little bit of a higher pace.
It's a great spot in my opinion, especially for retirees. Not a ton of young professionals except in government roles (Carson City's largest employment option), or if they want a slower pace but are still willing to commute to Reno.
You know much more about Vegas than I do, but winters are colder here and summers are cooler as well. Not bad in my opinion, but not for everyone. Carson is actually very walkable if you're in the right neighborhoods, but definitely don't have anything comparable to the strip down there! Cute shops and a few slow paced casinos.
Hope that helps! - Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes1y
Quote from @Jake Andronico:
Working with a retiree couple right now in Carson City, and closing an 8 plex for a client down there in about a week.Quote from @Bill B.:
Hey @Jake Andronico
I know you specialize in Reno but since it’s close I thought I’d ask.
I watched a Brigg’s YouTube video on best places to retire and Carson City was #2.
I was thinking more of drive up occasionally during the summer place unless Vegas gets much worse.
Do you have an overall opinion and an opinion compared to Reno/Vegas?
-thanks.
Great, niche market and definitely slower pace than Reno/Sparks.
But, it's very commutable, and a lot of people working in Reno (especially South Reno) actually live in Carson City because it's cheaper.
Average age is significantly higher, and there is less to do downtown. But, a lot of people like that. Still close to Lake Tahoe and can go down to Minden/Gardnerville for an even more boutique, small town feel, or zoom up to Reno for a little bit of a higher pace.
It's a great spot in my opinion, especially for retirees. Not a ton of young professionals except in government roles (Carson City's largest employment option), or if they want a slower pace but are still willing to commute to Reno.
You know much more about Vegas than I do, but winters are colder here and summers are cooler as well. Not bad in my opinion, but not for everyone. Carson is actually very walkable if you're in the right neighborhoods, but definitely don't have anything comparable to the strip down there! Cute shops and a few slow paced casinos.
Hope that helps!Carson city is awesome, beautiful area. Love Washoe valley. Gardnerville and Minden are way expensive and I don't like HOA's.
Are there building opportunities out hidden valley area? Seems like east of Reno there's buildable land. Any other areas?
I remember after the GFC reno planners wanted to attract more regular businesses and get away from gaming.
Great thread, thanks
- Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes1y
Quote from @Bill B.:
Hey @Jake Andronico
I know you specialize in Reno but since it’s close I thought I’d ask.
I watched a Brigg’s YouTube video on best places to retire and Carson City was #2.
I was thinking more of drive up occasionally during the summer place unless Vegas gets much worse.
Do you have an overall opinion and an opinion compared to Reno/Vegas?
-thanks.
Weren't you going to retire in Minnesota?
Having a nice spread by the river in Washoe valley would be nice.
- Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes1y
@Alan F.. I was going to. But I can’t stand the humidity. Really the plan was 6 months there and 6 months in Vegas. (I REALLY can’t stand state income taxes. Especially paying MN taxes on NV tax free properties. Plus each house sitting empty for t months seems wasteful.)
But it’s hard to find a warm but not hot and humid location. I missed out on Colorado Springs and probably Reno. I assume mountain towns are my only option for cooler in the summer without humidity.
Ps. As I’ve long said. If San Diego wasn’t in CA that’s where I’d live. Though my last visit turned me off with the traffic and prices. Maybe somewhere in Oregon or Washington away from the madness of Portland/Seattle.
- Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes1y
Quote from @Bill B.:
@Alan F.. I was going to. But I can’t stand the humidity. Really the plan was 6 months there and 6 months in Vegas. (I REALLY can’t stand state income taxes. Especially paying MN taxes on NV tax free properties. Plus each house sitting empty for t months seems wasteful.)
But it’s hard to find a warm but not hot and humid location. I missed out on Colorado Springs and probably Reno. I assume mountain towns are my only option for cooler in the summer without humidity.
Ps. As I’ve long said. If San Diego wasn’t in CA that’s where I’d live. Though my last visit turned me off with the traffic and prices. Maybe somewhere in Oregon or Washington away from the madness of Portland/Seattle.
Totally agree! The Minnesota state bird too lol. Vegas is pretty popular to retire in lol.
- 1yStuart UdisPro MemberAttorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
@Robert Ellis Location Location Location...There is limited land supply in markets with high demand and high barriers of entry. It is also a winning formular for appreciation. Perhaps there's ample supply in Columbus Ohio but what parts of Miami? Certainly not the more expensive and exclusive neighborhoods.
- Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes1yAgreed.
Quote from @Stuart Udis:
@Robert Ellis Location Location Location...There is limited land supply in markets with high demand and high barriers of entry. It is also a winning formular for appreciation. Perhaps there's ample supply in Columbus Ohio but what parts of Miami? Certainly not the more expensive and exclusive neighborhoods.
- 1yRobert EllisBusiness MemberDeveloper · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
Quote from @Stuart Udis:
@Robert Ellis Location Location Location...There is limited land supply in markets with high demand and high barriers of entry. It is also a winning formular for appreciation. Perhaps there's ample supply in Columbus Ohio but what parts of Miami? Certainly not the more expensive and exclusive neighborhoods.
anywhere in miami dade county you can go vertical. you just have to have the pockets
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