July 21, 2007
HousingPANIC Homework: Email Miami, Phoenix, Vegas and San Diego realtors, ask them if now is a good time to buy an investment condo, and report back
Today's project is to email two random realtors in these housing crash hotspots, letting them know you're out of state and thinking of buying investment property, and asking them if now is a good time to buy.
Then report back here. NO NAMES ALLOWED - no need to kick the little guys when they're down. Just report the city and what they have to say.
When picking your two to email, I'd recommend the ones with the most hilariously head-in-the-sand write-ups on RealtyTimes, like "Now is a good time to buy!" and "there are signs the market is leveling off" and this gem: "Finally a normal market. Don't believe all of the gloom and doom you here in the media about the housing market." (actual realtor quotes from Phoenix)
Extra credit - try any of the other risky and overpriced cities like Orlando, San Francisco, Chicago, Cincy, KC, Naples, DC, Honolulu, NYC, Boston, San Jose, LA and Sacramento
I do love RealtyTimes - it's like reading notes from the Flat Earth Society or White House PR. Always a hoot