All Forum Posts by: James Park

@Jonathan Tea,

Below are some detailed inventory numbers for some popular turn key areas. The lower the inventory %, the demand outpaces supply and apprecation will take place. Cleveland, OH seems to be the softest in terms of inventory and demand. When looking for a turn key property, you want find the sweet spot where you can experience both positive cash flow and appreciation. If you need data for any other states, let me know.

Hope this helps.

Tenneessee

Georgia

Missouri

Indiana

,

Let the inventory numbers also guide on the turnkey location you want to focus on. The tighter the inventory, the greater chance for capital appreciation. You can also look for smaller niche pockets where the inventory levels are greater but have the potential to be quickly absorbed. Some of the hot areas have already appreciated quite a bit, therefore more difficult to cash flow. Nashville is an interesting one with extremely tight inventory. Looking at the numbers for Cleveland, it does not seem like your will see any appreciation potential there.

The inventory % shows the ratio between January 2016 inventory vs January 2010 inventory. For example in Denver, CO, the inventory level have done down by 79% from 2010 - 2016.

This is what the immigration map looks like in Atlanta. It looks like a work of Art.

Just for comparison, this is what the immigration map looks like Los Angeles, California.

It looks like Carl's Jr is moving out of tax burdened California to tax free Nashville.  Apparently, they are offering their employees relocation packages.

"The parent company of Carl’s Jr., founded in Anaheim 60 years ago, is relocating its California headquarters to Nashville, Tenn."

 

and

To get game started... I will display the #1 and #2 MSA. Denver's housing inventory decreased by 79% between 2010 - 2016, and San Francisco's housing inventory decreased 75% between the same time period.

I am going provide this cheat sheet below of where all the MSA cities currently are vs one another. My theory would be that the higher the "Peak to current declines", the lower of the housing inventory of that particular MSA. I want you guys to guess the ranking order of the 40 MSA cities listed below of the MSA that had the largest % shrinkage of inventory between 2010 - 2016. Whenever there is a correct answer, I will update the chart with the inventory level on January 2010 and January 2016 and show its comparison with the name of person who guessed correctly. The BP member that gets the most guesses correct wins.

Let the games begin! 

MSA City Cheat Sheet of appreciation performance.

Rank the MSA cities below that has the highest and lowest inventory shrinkage between 2010 - 2016.

Kiplingers rates California as the second worst state in the country for retirement.

Source: http://www.kiplinger.com/tool/retirement/T055-S001...

California High Speed Rail Costs Soar Again

SACRAMENTO -- While much of the squabbling over California's high-speed rail project has focused on its huge construction price tag, the cost to taxpayers just to plan the bullet train is also soaring.

California rail leaders said Tuesday it will cost an extra $97 million in office and field work to design the rail line, which has famously seen its construction cost double to $69 billion since voters approved it five years ago. The extra state and federal funds set aside for planning will wind up in the pockets of private consulting firms, including some that earn billions of dollars in annual revenue.
http://www.huffingtonpost.com/2013/04/03/california-high-speed-rai_n_3005001.html



This is very much like.....

August 1997: Standard concrete viaduct with a cable-type suspension span but no bike lane or shoulders. (Cost $1.3 billion)
May 2013: Inflation and delays associated with the complexity of fabricating and installing the massive steel decks, coupled with broken steel anchor rods in seismic stabilizers, continue to push the cost projections up, although not at the earlier rate. (Cost $6.4 billion)

http://www.mercurynews.com/news/ci_23833906/new-bay-bridge-cost-climb-follow-money



California owes $400 billion in debt and unfunded liabilities.

http://www.sfchronicle.com/politics/article/California-s-400-billion-debt-worries-analysts-6812264.php

Only 10 years late and 400% over projected cost. Probably in-line with most California public works projects. What do you guys think that the California's high-speed rail project will eventually cost? The spending is out of control.