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7 Myths About Real Estate Investing That Are Costing You Tens Of Thousands Of Dollars
Did you know that real estate investing has created more millionaires that ALL other industries combined? The question, then, is why are more people not invested in real estate? Even with the increased awareness in real estate investing, more people...
decorating petite rooms
When decorating a smaller room, space is generally the main
concern. And with the rising prices of real estates, decorating
petite rooms is a challenged that more and more home owners
face. But there are different ways to visually expand the...
Out Of Date Real Estate
As with any other possession, whether it's clothing or cars, there are trends in real estate that come and go. These trends eventually make their way down through the levels of home ownership, and mark a property as "clearly hot" or "clearly not."...
The Need For Affordable Housing
During the last 3 years, we have experienced a tremendous appreciation in the priced of homes in Palm Beach County, with a 30% increase in the last 12 months. This has created a situation where the average wage earner is not able to afford a home.
...
Why Waiting To Buy A Home May Not Be The Best Strategy
Many first-time home shoppers have been discouraged by the high prices in the housing market, and many people wonder if putting the purchase off a few years would be a smart strategy. Many people are waiting for a drop in housing prices, but the...
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California Real Estate – Appreciation On Steroids
For the last five years, owners of California real estate have been hitting the ball out of the appreciation ballpark. Yes, a real estate market on steroids.
California
California is heavily populated from north to south along the coastline, but they state offers significantly different ecologies. In Northern California, one is much more likely to see signs of the four seasons, get cold temperatures and more historic feel in locations such as San Francisco. Southern California, on the other hand, has an extremely moderate climate with temperatures rarely dipping below 60 degrees even in the winter. Rainfall is also scant with San Diego receiving roughly 11 inches a year. If you are considering moving to California, there are two constants throughout the state.
Traffic
So many people have moved to the state that traffic can be a real issue even on weekends. Los Angles traffic is legendary, but San Francisco and San Diego have their own congestion problems.
Earthquakes
Earthquakes are a constant throughout the state as the San Andres Fault bisects much of the state. Earthquakes happen all of the time, but they are typically very small. If you live in California for more than a month, you won’t even notice them.
Beaches, Sun and Culture
There are serious benefits to living in California. Foremost, of course, are the beaches. If the thought of spending weekends and evenings on the beach appeals to you,
this is the place. You’ll pay a premium for it, but there is nothing like it. For example, the temperature in San Diego on October 5, 2005, the day I am writing this, is 79 degrees!
California Real Estate
California is an incredible place to live and real estate prices reflect it. Single-family home prices average as follows for the three major metropolitan areas - $620,000 for San Diego, $1,300,000 for central San Francisco and $750,000 for central Los Angeles. As a general rule, the closer the home is to the ocean, the more it will cost.
As shocking as the prices are, the rate of appreciation is downright impossible to believe. In the last 12 months, California real estate has appreciated over 25 percent. For a 500,000 home, that is a gain of $125,000 in 12 months. Steroids indeed!
Real estate is all about location, location, location. While this is certainly a cliché, there is no doubt it is true in California.
About the Author: Raynor James is with http://www.fsboamerica.org - FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to sell your home yourself with a free 1 month listing.
Source: www.isnare.com
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