New Construction Los Altos Meetup!

[Johnson H.]

In addition to the regular monthly meetup, this month we have the treat of viewing a brand new construction build in Los Altos! Aron Developers bought the property in May 2015 and have worked diligently to tear down and build a new one-story, 5,100 sqft home on this beautiful half acre lot. This home has traditional exterior and contemporary finishes in the interior. It has 5 bedrooms, 4.5 baths and a theatre. The home offers luxurious finishes throughout the house and the family room opens to a flat 5,000 sqft backyard.

When: Sunday, March 20, 2016, 1:00-4:00pm

Where: 315 Quinnhill Rd, Los Altos, CA 94024

Aron Developers is a real estate developer which focuses on building luxury homes in San Francisco Bay Area. They have finished four homes with eight more under construction. They have also raised $15 million via crowd funding and private investments, with projects valued at $42 million. For more info, please visit their website here: https://www.arondevelopers.com/

Feel free to come by and meet the developers of this gorgeous project. Light drinks and snacks will be provided. Please RSVP so we can get an accurate headcount here: http://www.meetup.com/SF-Bay-Area-Real-Estate-Investing-Club/events/229429501/

Thanks,
Johnson

Disclaimer: The host has never done business with the developer. Please do your own due diligence in any investment.

Keywords:

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[Jay Hinrichs]

@Johnson H. all I can do is look back.. I was born in Burlingame in 1956 and raised in the bay area.

so once I got out of our wild hippy days of the late 60 and mid 70S to focus on RE.. IE got my RE licnese in 1975. we were in a nationwide ressecion and of course Apple was just making the desk top... over the next 13 years or so RE doubled then tripled then went up 4 to 5X as silicon valley started to emerge.. once were Lookheed had been the big employer now it was all these other tech companies.. then the first gulf war and the earthquake caused a recession in N> ca.  property prices dropped 50% in many areas from the peaks of 1988 ish.. my brother in Law bought his home for instance in LA hills off of Page mill for 900k.. in 88 it was worth 2 mil. 

prices did not get back to 88 levels until 1998 ish... then the dot com bubble hit and they jumped up rapidly.. only to cool   then you had the 2002 to 2008 rocket up.. then the GFC but by now silicon valley was too established to have a repeat of 88 to 92 and 50% deflation.. prices came back what 10 to 20% MAYBE only to hit new highs...

So history does not tell us anything really.. mid 70s was end of Viet war that caused bad economy.. Gulf war and EARTHQUAKE caused the 89 to mid 90S  and Dot com. caused a 1 year blip then the GFC.

So what ever will happen in the future could be any of those things..  A massive earthquake... even worse than the 89 one.  some big war... or something else we can't think of .. but bottom line is it won't be because there is TOO much land or inventory  LOL.. or like those flocking to dead and dying upper east coast cities were there are literally thousands of surplus homes and great neighborhoods have turned into war zones never to return because of demographic issues.