Comments on: Top 10 Cities For Appreciation in the Next 5 Years (2007-2012) http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/ Real Estate Blog, Mortgage, and Development News Fri, 19 Mar 2010 16:05:04 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Miriam Susong, RN http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-105522 Miriam Susong, RN Sat, 17 Nov 2007 02:27:26 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-105522 I have a home in Daytona Beach area of Florida. My neighbors home, which I feel is a better home than mine, has been sitting for the past year with a price tag of $259,000. I can't be in Florida right now...family obligations, considerations...so do I sell, rent it out, rent it as a vacation rental? ride out the terrible mortgage storm? It is a hard call...I would hate to ride the storm to find that my $220,000 home is worth $100000....is there any possibility? What is interest rates saw double digits again like in the late 70's, early 80's? Then the prices would have to fall, fall, fall to adjust for the higher rates? Am I right in my thinking? I do have an emotional interest in my home...I love Florida....like someone wrote....what isn't there to like coming out of Halifax Medical Center at 1200 midnight after working an eight hour shift as an RN....smell the salt air, see the palm trees sway...and know that tomorrow was just another day in Paradise. Miriam I have a home in Daytona Beach area of Florida. My neighbors home, which I feel is a better home than mine, has been sitting for the past year with a price tag of $259,000. I can’t be in Florida right now…family obligations, considerations…so do I sell, rent it out, rent it as a vacation rental? ride out the terrible mortgage storm? It is a hard call…I would hate to ride the storm to find that my $220,000 home is worth $100000….is there any possibility? What is interest rates saw double digits again like in the late 70’s, early 80’s? Then the prices would have to fall, fall, fall to adjust for the higher rates? Am I right in my thinking? I do have an emotional interest in my home…I love Florida….like someone wrote….what isn’t there to like coming out of Halifax Medical Center at 1200 midnight after working an eight hour shift as an RN….smell the salt air, see the palm trees sway…and know that tomorrow was just another day in Paradise. Miriam

]]> By: chip rohlke http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-43950 chip rohlke Thu, 17 May 2007 20:56:19 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-43950 Vero Beach is the new darling of the Fortune 500 executive crowd. While the projection of 64% in 5 years was for median home prices I think after a soft market till '08/'09 that Vero could be another Aspen. Anyone been to Aspen lately? It's insane...$1200/ft condos that are junk in my opinion yet it never corrects. I bought on the ocean here in '98/99 & made over a million in 5 years starting with 40k. While North Carolina & the hills gained after the hurricanes many are heading back to the beach here...which after all is the only reason I'd live in Florida..otherwise I'd be in La Jolla enjoying the view. Vero Beach is the new darling of the Fortune 500 executive crowd. While the projection of 64% in 5 years was for median home prices I think after a soft market till ‘08/’09 that Vero could be another Aspen. Anyone been to Aspen lately? It’s insane…$1200/ft condos that are junk in my opinion yet it never corrects.
I bought on the ocean here in ‘98/99 & made over a million in 5 years starting with 40k.
While North Carolina & the hills gained after the hurricanes many are heading back to the beach here…which after all is the only reason I’d live in Florida..otherwise I’d be in La Jolla enjoying the view.

]]> By: Dean http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-38670 Dean Sat, 31 Mar 2007 02:11:07 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-38670 For the record, the study was just not a Wild A** Guess by writers (often the same writers who are renters), but, was commissioned by Moody"s Economy.com-this company rates the risk, credit-worthiness of municipalities, bond offerings, etc. There was a large amount of demographic trend, affordability focus and job/economy growth stats combed before the Top 10 were selected. Also, Florida where I live (but am NOT in real estate (am I the only one?) has No-State Income Tax, generous Homestead Exemptions (bordering on Tax-Haven status) and lots of growth from wealth coming from outside the state. For the record, I own 3 townhouses (soon 4) in Vero Beach, all New Construction which I bought for under $100 per sq. ft. 1600 sq. ft. for $150k. Outside my window today was a Polo practice, golf around the corner and little traffic. What's not to like? Californians like me a few years ago are going to find this a compelling story. The average 50 yr. old BabyBoomer has 50k to their name for retirement. People will move to make ends meet. Many will move here. For the record, the study was just not a Wild A** Guess by writers (often the same writers who are renters), but, was commissioned by Moody”s Economy.com-this company rates the risk, credit-worthiness of municipalities, bond offerings, etc. There was a large amount of demographic trend, affordability focus and job/economy growth stats combed before the Top 10 were selected. Also, Florida where I live (but am NOT in real estate (am I the only one?) has No-State Income Tax, generous Homestead Exemptions (bordering on Tax-Haven status) and lots of growth from wealth coming from outside the state. For the record, I own 3 townhouses (soon 4) in Vero Beach, all New Construction which I bought for under $100 per sq. ft. 1600 sq. ft. for $150k. Outside my window today was a Polo practice, golf around the corner and little traffic. What’s not to like? Californians like me a few years ago are going to find this a compelling story. The average 50 yr. old BabyBoomer has 50k to their name for retirement. People will move to make ends meet. Many will move here.

]]> By: don larson http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-36530 don larson Wed, 07 Mar 2007 22:17:52 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-36530 The Realtor from Florida is engaging in spin. I have two houses in Florida that I would be glad to sell him in his, "hot market," Property is selling very slowly and owners are taking "hits," on their asking price. The guy really has no credibility The Realtor from Florida is engaging in spin.

I have two houses in Florida that I would be glad to sell him in his, “hot market,”

Property is selling very slowly and owners are taking “hits,” on their asking price.

The guy really has no credibility

]]> By: David Krebsbach http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-34593 David Krebsbach Tue, 20 Feb 2007 02:15:14 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-34593 It's always interesting to consider what the appreciation will be in specific locations. Unfortunately, predictions and results rarely match up. It's probably best to stick with basics, such as buying in a Buyer's market (when everyone thinks it's overpriced) and selling in a Seller's market (when everyone thinks it underpriced). Overly simple, but probably beats the expert predictions!? It’s always interesting to consider what the appreciation will be in specific locations. Unfortunately, predictions and results rarely match up.

It’s probably best to stick with basics, such as buying in a Buyer’s market (when everyone thinks it’s overpriced) and selling in a Seller’s market (when everyone thinks it underpriced). Overly simple, but probably beats the expert predictions!?

]]> By: Austin Real Estate Land http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-34005 Austin Real Estate Land Fri, 16 Feb 2007 01:20:15 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-34005 Does anyone have a record of the past failure or sucess of people like Business 2.0 that try and predict future appreciation. I usually talk about past appreciation for instance <a href="http://www.escapesomewhere.com/austinmarketstatistics.html" rel="nofollow"> Historical Austin Real Estate Values </a>. But when people say city X will appreciate 22 percent over the next 5 years I am always confused where they pulled 22 percent from. Does anyone have a record of the past failure or sucess of people like Business 2.0 that try and predict future appreciation. I usually talk about past appreciation for instance Historical Austin Real Estate Values . But when people say city X will appreciate 22 percent over the next 5 years I am always confused where they pulled 22 percent from.

]]> By: Lou Minatti http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-33837 Lou Minatti Thu, 15 Feb 2007 01:46:53 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-33837 Err... have these people actually been to Bridgeport? And Florida? Please. The Sunshine State is already going down the proverbial sh***er, same as California and Nevada and Arizona. I predict a decline of between 40-50% for Florida property values. Err… have these people actually been to Bridgeport? And Florida? Please. The Sunshine State is already going down the proverbial sh***er, same as California and Nevada and Arizona. I predict a decline of between 40-50% for Florida property values.

]]> By: Mining Nuggets http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-33826 Mining Nuggets Wed, 14 Feb 2007 22:48:26 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-33826 Only a realtor would say "Florida is poised to become again a hotbed of activity. Always will be, who doesn’t want the sunshine and no snow!" Hey house prices doubled in 3 years. Now that they've corrected by going down 10%, they're going to take off again. Hey Realtors, say hi to Santa and the Easter bunny for me. Only a realtor would say “Florida is poised to become again a hotbed of activity. Always will be, who doesn’t want the sunshine and no snow!”

Hey house prices doubled in 3 years. Now that they’ve corrected by going down 10%, they’re going to take off again.

Hey Realtors, say hi to Santa and the Easter bunny for me.

]]> By: Cid Dennis http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-33807 Cid Dennis Wed, 14 Feb 2007 20:29:37 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-33807 It seems that the smaller towns are growing. I would think that means people in the bigger cities are tired of the big city life and want to say hello country life. It seems that the smaller towns are growing. I would think that means people in the bigger cities are tired of the big city life and want to say hello country life.

]]> By: Robert Coté http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/comment-page-1/#comment-33791 Robert Coté Wed, 14 Feb 2007 18:58:43 +0000 http://www.therealestatebloggers.com/2007/02/13/top-10-cities-for-appreciation-in-the-next-5-years-2007-2012/#comment-33791 The original article showed the median home in San Luis Obispo, CA going from $440,000 in 2006 to $615,000 in 2011. Seeing as the DEc '06 median according to Dataquick was $650,000 I actually find the $615,000 in 2011 number quite possible if things can recover that fast after the ongoing freefall finally bottoms out. The original article showed the median home in San Luis Obispo, CA going from $440,000 in 2006 to $615,000 in 2011. Seeing as the DEc ‘06 median according to Dataquick was $650,000 I actually find the $615,000 in 2011 number quite possible if things can recover that fast after the ongoing freefall finally bottoms out.

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