Why are developers ditching California NOW? Is commercial real estate still struggling, and what’s up with all those empty office buildings all over town? Does it seem like everyone is overpaying for properties nowadays? It’s not just you; we’ve been seeing it, too, but there’s a reason why they’re doing it. Today, we’re touching on hot topics from the BiggerPockets Forums and giving our takes on what investors are seeing in today’s housing market.
First, everyone has another reason to bag on California real estate as developers decide to move out of the state, thanks to rising construction costs, long permitting times, and bureaucratic inefficiencies. But in a state with such massive appreciation and high rents, is it really the right move to make?
Next, we’re back to the commercial real estate crash, specifically, the office investing space crash, as more and more buildings sit vacant. There’s one way to solve this, and doing so could make you a LOT of money. Who’s got the guts (and the money) to make something out of all those empty offices? Finally, we’re discussing WHY investors commonly overpay for properties and how they may be making money EVEN when you think their offers are ridiculous.
Henry:
When I first started investing in real estate, I had tunnel vision and I only thought about buying rental properties, but I’ve gotten so much more strategic with my investing by looking at other exit strategies and asset types. So today we’re discussing trends from three different areas of real estate and why they matter even if you’re not investing in those areas. Hello everybody. I am Henry Washington, one of your hosts today while Dave Meyer is out. And welcome to On the Market. I’ve got Kathy Fettke and James Dainard with me. What’s up guys?
Kathy:
Good morning. Morning guys. Today we’ve pulled some of your most intriguing observations and trends from the BiggerPockets forums. We’re going to look at them from all sides so that…