All Forum Posts by: Leland French

Im with you Juan. This is a natural part of the RE cycle no matter why it's happening it IS happening. Let's get over worrying about it and learn how to profit in the midst of it!

Your gut is right in this case Eric because it's not just your gut but many of us across the nation....corporate gut! It's not smart to go against what my gut is telling me. I've always regretted it!

I agree with Peter. The current softening is just an indicator of hesitancy. The midterm elections will only deepen that and wintertime lull will further make sellers price lower especially if they need to move quickly. RE cycles are roughly 10 years to full circle so we are over due for correction. Diving economy will also drive prices down. 4 to six months from now will definitely be better than now. but good deals can happen anytime for a lot of reasons. Like properties where landlords can't get bad tenants out thanks to Governor Nuisance. So keep an eye out!

Unfortunately we have an administration that pads their own pockets by selling out America to depend on other nations for oil. If we are smart we will change that in November and vote in a pro America congress. The globalists that are in control right now don't care about how the masses suffer as long as their agenda is pushed forward which is not friendly to capitalism. They hate competition. It's all about control!

Yep, restore energy independence and recession goes bye bye!

There is compliance with reasonable laws that protect everyone and then there is tyranny. This has crossed the line into tyranny and when that happens compliance becomes part of the problem. Let's fight for fair laws!

Great info Caroline! Beautiful state we live in but really have to be on your toes to invest here!

I have made money both ways, fix and flip, or fix and hold. I just liquidated CA in the last year expecting the market turn and also not liking how our out of touch governor was making it almost impossible to get bad tenants out. So looking at other states to invest in while CA recovers from bad government. CA RE will always be a good bet as long as you are patient and stay on the opposite side of what everyone else is doing. But to hold here is a bit scary right now with an economy ready to tank and landlords are not supported by fair laws. Some states will be propped up by the exodus of people from CA and other blue states to the states that are more friendly. But I think the effect will be nationwide eventually.

Double in ten years is very bullish! Love the Sept-Oct window you mentioned and I believe you are correct. But I think the prices will continue to come down thru the end of the year and the first couple of months of the new year. CA is traditionally soft Oct-March anyway and the midterm election uncertainty just ads to that softness. See my post and the responses in the "Buying And Selling Real Estate" forum to see that many around the country are still bullish even though the tide is turning in CA. Correction is coming and is healthy overall and that is the cyclical nature of our trade and it is over due. You can see in the "Market trends and data" forum the comments to the post from some areas indicating the beginning of the turn. See specifically the post "Investor bids for fixer upper properties have plummeted".

Well, I see my predictions in my post a few days ago are playing out around the country. Just takes a little time for the CA trends to catch up else where. Soft market forcing prices down spells good deals for investors in the future, especially if you hesitate a bit to let it develop. Wondering if there are any others out there seeing the turn. Would love to hear from the traditionally inflated markets like Florida and the Northeast.