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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Sacramento Posted by Nick on March 04, 2004 at 8:35 PM In Reply to: Change is constant.... posted by Ward-CA- on February 20, 2004 at 8:34 AM Hi. Anyone have an opinion on Sacramento? I may get an interesting job offer in this area and taking it will highly weigh on how I can make money flipping properties/rehabbing on the side. Everything I read points to this being the next hot area. All the big homebuilders are already speculating. It takes much less capital to get in the door, affordability index is much better than SoCal, etc. : : : Ward, : : When OC buyers have to go out to Palmdale (some refer to as the boondocks)to buy homes at 90% of FMV do you think it might be a indicator of a market top. The guys that have been out in the desert have always been very aggressive in their high bidding and now with some of the big guys and new people going out there it appears to be as tough as anywhere. : ===================== : Lisa, : I agree that this market has been so fierce for so long that there's hardly any corner that's been overlooked?especially in the highly populated counties. But it's not a necessary signal that we're reaching a market top because there have been people moving in droves to Temecula, Moreno Valley, Riverside, San Bernardino, etc. for quite a while now and they're still moving. : But I bet you can find deals in sparsely populated counties like Imperial, Kern, Santa Barbara, San Luis Obispo, etc. Such areas are sorely lacking in foreclosure notice services, property information services, appraisal services, etc. That makes it very hard for amateurs, who don't have the requisite time or knowledge, to dig out information from the county recorder's office, assessor's office or the local Multiple Listing Service. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Hi. Anyone have an opinion on Sacramento? I may get an interesting job offer in this area and taking it will highly weigh on how I can make money flipping properties/rehabbing on the side. Everything I read points to this being the next hot area. All the big homebuilders are already speculating. It takes much less capital to get in the door, affordability index is much better than SoCal, etc. : : : : : Ward, : : : When OC buyers have to go out to Palmdale (some refer to as the boondocks)to buy homes at 90% of FMV do you think it might be a indicator of a market top. The guys that have been out in the desert have always been very aggressive in their high bidding and now with some of the big guys and new people going out there it appears to be as tough as anywhere. : : ===================== : : Lisa, : : I agree that this market has been so fierce for so long that there's hardly any corner that's been overlooked?especially in the highly populated counties. But it's not a necessary signal that we're reaching a market top because there have been people moving in droves to Temecula, Moreno Valley, Riverside, San Bernardino, etc. for quite a while now and they're still moving. : : But I bet you can find deals in sparsely populated counties like Imperial, Kern, Santa Barbara, San Luis Obispo, etc. Such areas are sorely lacking in foreclosure notice services, property information services, appraisal services, etc. That makes it very hard for amateurs, who don't have the requisite time or knowledge, to dig out information from the county recorder's office, assessor's office or the local Multiple Listing Service. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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