Before you buy in Vegas, you better read this

Before you buy in Vegas, you better read this

Real Estate Investor · the villages, FL · Member since 2008 · 5k+ posts · 3k+ votes

You may want to go to (oh good grief) OHIO!!!! The top 4 locations for 2010 growth are Ohio. Interesting to me that only 2 areas in FL are still on the worst list for 2010. I was feeling it was too late here. Check out the 25 worst and the 25 best. Small midwest looks good. Ca and Vegas look bad. Rich in FL.

http://www.housingpredictor.com/predictions.html

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Investor · Mableton, GA · Member since 2009 · 1k+ posts · 465 votes
16y

This is really depends on who you believe. AOL has a list of the "Fastest dying cities" Toledo, OH which is #4 on the "Top growing cities" is also #6 on AOL fastest dying ones.

http://realestate.aol.com/pictures/finance/dying-cities?pg=3

Meantime Pittsburgh which is #25 (The last one) on the list you mentioned, is #3 on the road to recovery aaccording to CNN /Money
http://money.cnn.com/galleries/2009/real_estate/0910/gallery.housing_price_forecast/3.html

Perrysburg, OH is not even mentioned on your list, Rich and yet it is #1 on CNBC list.

http://www.cnbc.com/id/33733815?slide=2

Go figure...

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  • Real Estate Investor · Lake Charles, LA · Member since 2009 · 271 posts · 52 votes
    16y

    very interesting,we have a few cities in there for louisiana..kinda crazy cuz unemployment here is pretty high......lafaytte is only like 45 minutes away from me where im located at currently,i would like to add that there is alot of homes being built in the area as well,subdivisions popping up everywhere

  • Investor · Mableton, GA · Member since 2009 · 1k+ posts · 465 votes
    16y

    This is really depends on who you believe. AOL has a list of the "Fastest dying cities" Toledo, OH which is #4 on the "Top growing cities" is also #6 on AOL fastest dying ones.

    http://realestate.aol.com/pictures/finance/dying-cities?pg=3

    Meantime Pittsburgh which is #25 (The last one) on the list you mentioned, is #3 on the road to recovery aaccording to CNN /Money
    http://money.cnn.com/galleries/2009/real_estate/0910/gallery.housing_price_forecast/3.html

    Perrysburg, OH is not even mentioned on your list, Rich and yet it is #1 on CNBC list.

    http://www.cnbc.com/id/33733815?slide=2

    Go figure...

  • Investor · Mableton, GA · Member since 2009 · 1k+ posts · 465 votes
    16y
    Originally posted by Stephen Moore:
    very interesting,we have a few cities in there for louisiana..kinda crazy cuz unemployment here is pretty high......lafaytte is only like 45 minutes away from me where im located at currently,i would like to add that there is alot of homes being built in the area as well,subdivisions popping up everywhere

    You can thank U.S. Senator Mary L. Landrieu who got lots of doe for voting for the health care bill... :mrgreen:

  • Real Estate Investor · Ocala, FL · Member since 2008 · 742 posts · 463 votes
    16y

    Thanks for the link Rich!

    It was a very interesting read. (And also a little disappointing.)

    I sure hope that they are totally wrong about Central Florida.

  • Financial Advisor · Tampa Area, FL · Member since 2008 · 956 posts · 214 votes
    16y

    these numbers greatly differ from those that fortune posted last month...these are far more positive.

    ie, in my metro (tampa) fortune predicted a 22% decline in 2010 and a 1.3% increase in 2011.

    the posted site predicts 'only' a 7% decline for tampa.

  • Residential Real Estate Broker · Grand Blanc, MI · Member since 2008 · 885 posts · 316 votes
    16y

    It's nice to see Michigan has two cities on the top 25 list, and none on the worst list.

    Although, I'm not sure what's so attractive about Marquette! The only industry there is Northern Michigan University.

  • Orlando, FL · Member since 2009 · 2k+ posts · 282 votes
    16y

    I don't see the "worst" list on that page.

  • Property Manager · Dublin, OH · Member since 2009 · 1k+ posts · 291 votes
    16y

    HaHa, Cleveland 10.4%, wonderfull I love this :).

    -Uwe

  • Residential Real Estate Broker · Grand Blanc, MI · Member since 2008 · 885 posts · 316 votes
    16y
    Originally posted by Bienes Raices:
    I don't see the "worst" list on that page.


    There's a link in the left nav.
  • Accountant · Sydey, NSW · Member since 2009 · 105 posts · 24 votes
    16y

    Thanks for posting this.

  • Investor · Mableton, GA · Member since 2009 · 1k+ posts · 465 votes
    16y
    Originally posted by Tom Cullen:
    Fortune telling is evil. It is almost as big a sin as necromancy!


    It's only evil if you believe in it... :goofy:
  • Real Estate Investor · Carlsbad, CA · Member since 2009 · 151 posts · 17 votes
    16y

    Isn't there a saying... only believe 1/2 of what you read and none of what you hear? or something like that??? Watch out for the spin! It is amazing what sales people can sell. As an investor, I rely on Selling Agents and I pay them well, are they honest to their clients?, I doubt it. We do not represent Buyers on our properties for many reasons, one of them is we like to stay honest. There are some folks out there that can sell condoms to a nun and ice cubes to an eskimo. It's funny how we have investors buying in our town which is gang-infested and will probably drop another 20% before all is said and done, based on the crash of the 90s. We do not buy and hold just for that reason alone. All I can say is Investors beware! Do your due diligence, do not believe a commissioned sales person at face value, they have a family to feed. The crash of the 90s was about 9 years, this one is much worse. Not a dooms dayer, but realist. Every area is unique, make sure you research, research,research. Good Luck! -- Dawn

  • Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    16y

    Dawn, A nun will buy condoms to keep them off the street to be used by kids and eskimos will by ice cubes to trade with people in Florida for oranges. It's all in how you present the deal! As we tell others that things will be fine and they hear it often enough, they will start to believ it and then they will tell others and before you know it, things will be fine! So tell everyone you can, one might buy a house from you! Have a great evening....LOL, Bill

  • Attorney · Raleigh, NC · Member since 2008 · 4k+ posts · 1k+ votes
    16y

    I love these "studies" based on data that doesn't matter.

    Let me break down real estate for you:

    Make money good.
    Lose money bad.

  • Attorney · Raleigh, NC · Member since 2008 · 4k+ posts · 1k+ votes
    16y

    That was such a good post I had to say it twice for some reason.

  • Attorney · Raleigh, NC · Member since 2008 · 4k+ posts · 1k+ votes
    16y
    Originally posted by Bill Gulley:
    A nun will buy condoms to keep them off the street to be used by kids


    Hmmmm good cover story (no pun intended). I'll have to use that one.
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