I believe the big hedge funds are why the markets go down a lot faster Han they go up.
Then you have high frequency trading by computer on top of that.
I hope all the predictions were wrong BUT
- Thread starter patriot66
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Then you have high frequency trading by computer on top of that.
cawacko
Well-known member
Sorry, I was speaking about the real estate markets you were alluding too. Real estate is local and in the Bay Area it is red hot. Lots and lots of investment money though.
I heard that for individual homes investors are backing out.
Don't think they ever got into the elite area you are in.
My brother in law owns ten rentals in the Bay Area
cawacko
Well-known member
Check out this 4 bedroom home in Berkeley. Just sold for $2.4 mil, 42% over the asking. Not sure how long this can last. That's just crazy.
http://blog.sfgate.com/inberkeley/2...ey-go-through-the-roof-what-does-it-all-mean/
cawacko
Well-known member
One company, Waypoint Homes in Oakland, is buying up tons of homes in the Bay Area market and fixing them up and renting them. I mention them because their CEO is Doug Brien who was a place kicker for the Saints for a number of years. Thought you may remember him.
christiefan915
Catalyst
Absolutely unbelievable. It would sell for a half-million or less in our best neighborhoods. How can anyone afford to live in CA if this is normal?
Check this link for a $2.35 million house here. http://www.prudentialpreferred.com/...ction=property-detail&MLS=926634&proptype=res
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cawacko
Well-known member
Crazy right! You either have to:
1) be rich
2) rent
3) live way out in the burbs where can afford to buy
4) have bought in the '70's or '80's and still own that home
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