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Real Estate Bubble Adding Price and Risk to Location, Location, Location Mantra
Real estate investors familiar mantra location, location, location are nervously replacing the second and third locations with price and risk. As home prices rise to new levels daily and worries that some markets homebuyers are jumping into might start to loose air, their appetite for risk is creating some sleepless nights. Tired buyers no longer consider the best location, they might not even be able to afford it, and if a second tier location offers slightly less appreciation at a lower price they'll grab it. This new willingness to compromise location and still take risks near the top of the market clearly looks like buyers are willing to reinvent a mantra entrenched in real estate lore. After all, with all the hype about real estate weekend millionaires, wanna-be apprentices, and flipping fever who wouldn't want to jump on the real estate bandwagon? Almost everyone is talking, producing and marketing real estate mega-profits today. What they aren't talking, producing or marketing is the potential risk and economic ruin that could lie ahead for those that jumped before looking, under-researched, charged down payments or took out interest-only loans. Homebuyers looking to purchase in over-heated markets should consider how much current prices have risen over the last year, two-years and five years. Contrast those rates with the potential pool of buyers to pay future prices along the same rates in the same markets. Will the local economy and personal income increases support spiraling home prices? Here's the bottom-line, are you willing to pay your projected appreciated sale price when you go to sell? Today's top bubble markets are not for the faint of heart from a risk perspective. If you are new to real estate investing, be forewarned you must have a high tolerance for risk and leverage. Many newbie real estate investors rush out and buy properties with no-money-down before figuring out if they will have cash flow to support expenses. Pace yourself when buying rental properties, not everyone is cut out to be a landlord. Retain some financial liquidity for unforeseen problems. The best defense in today's real estate market is to have a financial planner or account review your investment strategy before you jump into the new real estate paradigm. Your mantra should be location, price and risk. Mark Nash is a nationally recognized consumer advocate for buyers and sellers of residential real estate. Author of four books including the recently released "1001 Tips for Buying and Selling a Home" Thomson 2005. Mr. Nash has been featured in USA Today, Fidelity Investor's Weekly, CBS The Early Show, Bloomberg TV, Dow Jones Market Watch, Unique Homes Magazine and The Universal Press Syndicate. His radio show "Real Estate Coast to Coast with Mark Nash" premieres on http://www.business.voiceamerica.com Wednesday September 14, 2005 9AM PST,11AM CST and 12 Noon EST. The show is looking for interesting guests including; real estate journalists, interior designers, home improvement experts, real estate attorney's, appraisers, home inspectors and celebrity's.
MORE RESOURCES: Refined Real Estate: Unique Leschi home with lake views lists for $1,395,000 seattlerefined.com Real estate mogul cautions about avoidable mistake when buying a home, explains how to avoid 'drowning' Fox Business Erie County real estate transactions Buffalo News Worcester County real estate transfers, Sunday, May 19 Worcester Telegram Portside Real Estate acquires Belgrade Lakes brokerage Kennebec Journal and Morning Sentinel Berks County real estate transactions for May 19 Reading Eagle The same, yet different – seniors and real estate in the Tri-Valley Pleasanton Weekly Housing Starts and Permits Decline as Mortgage Rates Rise Norada Real Estate Investments Illinois real estate: Home sales in Peoria, Tazewell, Woodford counties Peoria Journal Star REAL ESTATE | A look inside The Lofts at Cedar Lake on the campus of Cedar Community washingtoncountyinsider.com Slow April real estate market among Pueblo's top business news Pueblo Chieftain Agent Spotlight: Andrea Haitz Grand Junction Daily Sentinel Hawaii Real Estate Sales: March 11-15, 2024 Honolulu Star-Advertiser Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties May 19, 2024 edition MassLive.com Letter to editor: On recent misinformation regarding upcoming changes to the real estate industry Woodland Daily Democrat Wellesley resident Peter Covo joins Conn Kavanaugh as partner in firm's real estate practice The Swellesley Report Luxury Homes Are Booming in These 10 Unexpected Cities in 2024 Norada Real Estate Investments REAL ESTATE | Check out Braund's Flooring & Remodeling LLC in West Bend, WI washingtoncountyinsider.com Revised Mortgage Rate Predictions Signal HIGHER Rates in 2024 Norada Real Estate Investments Top 10 Brooklyn Listings: A Flatlands Standalone Brownstoner STAR resource center Department of Taxation and Finance Celebrity Real Estate Realtor.com News Increases in interest rates stress commercial real estate Richmond Times-Dispatch Egypt boasts real estate portfolio valued at $200bn, ready for international export - Dailynewsegypt Daily News Egypt Connecticut real estate law changed after MV Realty investigation Eyewitness News 3 Private Advisor Group LLC Purchases 1425 Shares of Doubleline Commercial Real Estate ETF (NYSEARCA:DCMB) Defense World Coloradans negotiating lower fees for real estate agents with new law on horizon Colorado Public Radio Real Estate Mogul Grant Cardone Closes Largest All-Cash Multifamily Deal In South Florida This Year Yahoo Finance Real estate transfers: May 17, 2024 RiverheadLOCAL Robert Willett may be targeting female Realtors in Northeast Ohio Akron Beacon Journal China Says It Will Start Buying Apartments as Housing Slump Worsens The New York Times Amalgamated Bank Trims Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Defense World Mid-May Greenwich Real Estate Market Report Greenwich Sentinel Kenosha CubeSmart storage facility sold to new owner Kenosha News Religious order on the ground in Ukraine: “No one knows the real state of occupied zones” ROME REPORTS TV News Agency London Real Estate Is About to Get the ‘Selling Sunset’ Treatment Hollywood Reporter Real Estate Newsletter Articles this Week: Housing Starts Increased to 1.360 million Annual Rate in April Calculated Risk What's real estate wellness? Fortune Billionaire Frank McCourt raises his hand to buy TikTok Business Insider Southern fast-food chain Cook Out buys Tampa real estate Tampa Bay Business Journal Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Stock Position Reduced by Victory Capital Management Inc. Defense World Home listings are on the rise in southern Colorado, while other indicators show a slowing real estate market Colorado Public Radio Busch relative settles squabble with Clayton investors over real estate trust St. Louis Post-Dispatch Ellison sues real estate broker Chad Banken over alleged schemes involving contracts for deed Star Tribune News anchor sells luxury Scottsdale home he built for $6M The Business Journals China's real estate market sees surge in weekend consultations and trading, boosted by accommodative policy Global Times |
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