All Forum Posts by: Stephen Kunen

@Ceasar Rosas I think I know the one you’re talking about. The listing agent may have some recommendations. @Ronald Bowser

@Chris LumLee I agree. Even in the same market, different pockets are showing different signs - that's part of the reason I am confused. In any case, I will at least make sure the numbers work. :)

@Russell Brazil Good to know. I guess it's not great for the buyers yet, but I will be sure to take advantage of the seasonal adjustment!

@Ed Emmons That's a good point. Yes it is indeed at the high end of the area, but it also does have a hospital nearby (really). Thanks for the tip. 

 Right, it's all about the numbers. 

Have been reading David Lindahl's book on Emerging Markets, and wondering if we are in Seller's Market Phase 2 or Buyer's Market Phase 1.

Buyer’s Market Phase 1: A market that is oversupplied with properties

Buyer’s Market Phase 2: The market starts to absorb the oversupply, vacant units become occupied and abandoned properties get purchased.

Seller’s Market Phase 1: Demand has reached it’s highest point. There are plenty of investors that want to buy what you are selling.

Seller’s Market Phase 2: Job growth slows, properties take longer to sell, and the market is slowly getting oversupplied by new developments.

I understand that it's market specific. It's just the market I am in is showing signs of both. On the one hand, the properties have been on market for longer, and the prices are much higher than years ago (2012/2013), which are signs of Seller's Market Phase 2. However, the city also has and will be continuing the revitalization plan, which does not indicate slow job growth. Seller's Market Phase 2, according to David, is the most risky phase to invest. So I am just wondering what's the best strategy to invest now. I am also looking at a property that is "luxury" in nature (relatively speaking - not Manhattan luxury, just the rents are $1,100 to $1,500) , and wonder if that's a bad move if the economy turns.

@Matt Bertsch I didn't take before pictures, but the after pictures are on the PA housing section 8 website:

https://www.socialserve.com/dbh/ViewUnit/913557?ch...

We used traditional financing for this property.