Good morning! April 1st is over, so I guess we’d better get back to the business of sharing our thoughts and insights about the wonderful world of Southern California Real Estate.
Today we’re kicking off a series on real estate basics. with a post on “So Cal’s Two Real Estate Market Cycles.”
I was working on that post I googled the famous Vince Lombardi football quote above. I was so taken by the story I decided to devote this separate post to it.
The setting was the first day of the Green Bay Packers’ Training Camp, many years ago. Their coach, Vince Lombardi was already a living legend.
This post has been moved to our new, improved location, SoCalRealEstateNews.com. Just click here for a direct link to the complete post. Thanks.
1 response so far ↓
Robe Lee // April 3, 2008 at 12:21 pm |
I agree, we all must focus on the basic fundamentals. We have been tellin our Jr brokers and investors that for years. At the end of the day its all about good, well thought out assumptions based on a properties history, market area, and current macro events in the economy. Many of our investors who can afford to hold through this cycle are smart to stay put and look for deals with real motivated sellersdun. Others are goin out of state where the caps really are adjusting up, but beware, know the true underlying fundamentals before passing go to collect $200. Apartments are very fundamentally strong and with the student population and admissons growing with a boom all over the country, apartments are a very safe investment as long as you research the market before going in. We do this now in mulitple states and have had a phenominal experience. Its all about NOI on the way in! Value add is a plus on the way out!