Comments on: My lots in St. George http://www.livelearninvest.com/my-lots-in-st-george/ Living life to its fullest by generating passive income through investments Thu, 02 Feb 2012 03:11:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ken http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-435 Ken Fri, 03 Nov 2006 17:13:07 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-435 Moom, I really don't believe that undercutting the lowest by $3k will help. I think that's just a slow death. We'll see if $75k even gets any action. It may not. Moom,

I really don’t believe that undercutting the lowest by $3k will help. I think that’s just a slow death. We’ll see if $75k even gets any action. It may not.

]]> By: moom http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-424 moom Thu, 02 Nov 2006 22:38:12 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-424 $75k seems low if the lowest is $88k unless your lot is a lot worse. Why not try $85? $75k seems low if the lowest is $88k unless your lot is a lot worse. Why not try $85?

]]> By: moom http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-423 moom Thu, 02 Nov 2006 22:36:52 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-423 NLG - Detroit and some other mid-Western markets are the worst hit. NLG – Detroit and some other mid-Western markets are the worst hit.

]]> By: Ken http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-420 Ken Wed, 01 Nov 2006 21:42:25 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-420 The last lot sold for $100,000 last week. It has a better view than mine though. The last lot sold for $100,000 last week. It has a better view than mine though.

]]> By: UBU50 http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-419 UBU50 Wed, 01 Nov 2006 19:43:57 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-419 You should ask your realtor when the last lot sold in that area and what the price was. That would give you some idea of where selling prices are at. $75K may even turn out to be too high. You should ask your realtor when the last lot sold in that area and what the price was. That would give you some idea of where selling prices are at. $75K may even turn out to be too high.

]]> By: Anonymous http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-418 Anonymous Wed, 01 Nov 2006 19:37:49 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-418 Excellent, undercut the competition. The knives come out and the race to the bottom begins! As a renter, I'll be watching from the sidelines. I have no interest in buying a depreciating asset. As the price goes down, the number of potential buyers shrinks. Excellent, undercut the competition. The knives come out and the race to the bottom begins!

As a renter, I’ll be watching from the sidelines. I have no interest in buying a depreciating asset. As the price goes down, the number of potential buyers shrinks.

]]> By: Ken http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-417 Ken Wed, 01 Nov 2006 16:42:23 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-417 NLG, I would give it a year at the most. 1 year comes around real fast. Back at the end of 2004, I figured that the boom would last 1 year. I was pretty much correct, but I waited too long. If you think the boom will end, you need to sell 4-5 months before that date. Phoenix had a huge run up in prices in the past 2 years. It is considered a bubble market and inventory is at an all-time high. NLG, I would give it a year at the most. 1 year comes around real fast. Back at the end of 2004, I figured that the boom would last 1 year. I was pretty much correct, but I waited too long. If you think the boom will end, you need to sell 4-5 months before that date.

Phoenix had a huge run up in prices in the past 2 years. It is considered a bubble market and inventory is at an all-time high.

]]> By: NLG http://www.livelearninvest.com/my-lots-in-st-george/comment-page-1/#comment-416 NLG Wed, 01 Nov 2006 13:29:16 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/31/my-lots-in-st-george/#comment-416 It is kind of frightening to hear that house prices are beginning to drop, and so quickly. I hope the waves of change take a few years to travel up to the Great Lakes basin, specifically to the Canadian side! Is Pheonix one of those areas that are highly overvalued compared to the rest of the United States? My area in particular has not seen as great an increase in housing prices as most of the US, and many parts of Canada (Vancouver, Toronto, Calgary, Edmonton), so I'm hoping once the correction begins, that my area will not take a drastic hit. It is kind of frightening to hear that house prices are beginning to drop, and so quickly. I hope the waves of change take a few years to travel up to the Great Lakes basin, specifically to the Canadian side!

Is Pheonix one of those areas that are highly overvalued compared to the rest of the United States?

My area in particular has not seen as great an increase in housing prices as most of the US, and many parts of Canada (Vancouver, Toronto, Calgary, Edmonton), so I’m hoping once the correction begins, that my area will not take a drastic hit.

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