For a long term investor   does it make sense at this point to just get in the game, bite the bullet and purchase something even at a higher price than seems prudent?  

Positive energy… I love it.About me….I’m a full time Sr.

It's always wise to walk the areas you're interested in and get a feel for what will truly suit you so that you can ensure that you're focusing your energy on the right areas.. then you can really zero in on some properties!

I'm curious as to what impact this will have on the economy and how to plan for it in a way that doesn't involve stockpiling food and bullets (not that there's anything wrong with being prepared!)

Getting out from under a problem can be freeing and give you the mental energy to more than make up the loss on a new deal.

And obviously, since there is only one utility co, you do not have the choiceI could go on like that forever and tell you about how the fire department, the MTA etc.. can seriously compromise your project with their restrictions, but you get the pointNew construction is a serious business and you should only go ahead with such project after consultants have completed all due diligencesAll these restrictions against new developments added to overpriced permits and mandatory overstretched technical studies(in los angeles at least) are insanely stupid because they aggravate the housing shortage, do not allow densification because of constrained floor area ratios, and encite owners to keep their 50s 60s 70s ugly asbestos filled crumbling apartment buildings rather than building new energy efficient ones

Hi Francis, be sure to add a profile picture.When I was pregnant with my first child, I spent all my energy reading up on how to get through childbirth.

As you acquire more bite the bullet and pay the double land transfer tax if you start getting that far and incorporate.I'am not against incorporating, it's just not nearly as effective here in in Canada as it is in the U.S.

There's no "silver bullet" to success.  

"Steals" will be a lot less frequent or take a lot more energy, time, money and creativity to secure.All-in-all, if it is common enough, another one will come along so I wouldn't be too eager unless you have so much money that you need a lot of deals to put it all to work.