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April
14, 2005
Hello again! This month the spotlight is on Pueblo, Colorado. So let me introduce
you to this nice town! Pueblo is the cheapest big city to live in
the state of Colorado according to the American Chamber of Commerce Research Association. A survey done by the
association, was completed in
late 2004 and showed Pueblo's score at 90.5. This was based on the cost of living index with a score of 100 being the national norm.
Pueblo had a housing index of 81,compared with the cities of Greeley at 87.1 and Denver at 108.7.
With the cost of of living and housing well below the national average, Pueblo deserves our attention!
Located forty miles south of Colorado Springs, Pueblo's city and county population is approximately 140,000,yet the city maintains
a nice, small town "feel". Land is abundant in Pueblo, both commercial and residential, with
prices among the lowest in the state.
The city leaders have a "go forward", attitude and have provided tax incentives to attract new business and it has worked.
For more information, see The Greater Pueblo Chamber website at www.pueblochamber.org.
Be sure and check out the new listings in Pueblo on my listings page.
FEB.4, 2005
Hello there! I am
Kathy, the new owner of Cheaphomes.net.I purchased the site in January and I intend to continue the great things that Gregg has started here.
I am working on getting new listings, mostly in the western U.S. Also, I have purchased a new e-book about
H.U.D. homes, that will be selling, of course, at the cheap price of $9.95.So..check back
often, exciting things will be happening!
Realty News Head Lines
ALL REAL ESTATE IS LOCAL... MOSTLY!
Real estate markets can thrive or stagnate depending
on their geographical location.
A home that might sell for $120,000 in Kansas City is
priced at $380,000 in Southern California.
During the last few years in California you didn't even
need to be smart to get rich. Just buy every house you
could at the asking price. Its value will at least double
in a year or two... in some areas.
We recently spoke with an investor who owns 90
properties in San Diego. It's a safe guess that his
net worth is in the multi millions.
A saying in the stock market is that "prices don't grow
to the ski." History proves that holds true for
real estate values...Prices don't go up forever. But
then we've been saying that about California for 25 years!
It was recently reported that only 17% of the citizens
of California could afford to buy a home. Even entry
level homes require the income of a corporate CEO... or
so it seems.
Las Vegas has experienced a fantastic run up in real
estate prices... but even that market is now leveling
off.
In many areas home prices have been driven up by
geographical or political conditions.
In the San Francisco Bay Area there is little land left
to develop. Demand exceeds supply and prices skyrocket.
In other areas politicians have yielded to the lobbying
of environmentalists and have made large blocks of land
unavailable for development. That forces the value
of existing homes higher.
In the Phoenix area 35,000 new homes have been built
every year for about the last 10 years.
Land has been cheap and plentiful. So much supply has
slowed the growth of values in many parts of our
valley... but there is still enough demand that our
market attracts investors.
Real estate seminars in Southern California send bus
loads of newbie investors into Phoenix on some weekends.
They go directly to a subdivision sales office and begin
buying new homes that won't be built for three or four
months.
If you were a developer facing that kind of demand
wouldn't you raise the price of each new home you built?
Sure you would, and that's what's happening.
Now some developers are limiting the number of homes
they will sell to investors.
And... we recently heard one of the big developers say
that easily developable land in the Valley Of The Sun
is now very hard to find.
Mortgage money is available in abundance everywhere...
and interest rates remain below 6%. Teaser rates as
low as 1%! Almost anyone who can fog a mirror will
qualify for some kind of home loan and buy a home.
Uncommonly low rates result in uncommonly high
real estate prices.
Will it all end soon? Will there be a real estate crash
or just a soft landing?... or will it go on forever?
Good question.
The fact is that it will end. Remember the "dot com"
bust? Recall how everyone was saying, "This is
different. Values are justified and will continue to
climb."
Yes, it will end, but we think there is at least another
five years of real estate prosperity ahead.
Get it? The boom will continue... active investors will
make big money... BUT if you don't get very busy right
now you'll miss one of the great wealth building
opportunities of the decade.
You don't have to be the super investor that only settles
for killer deals... those seldom come along.
Just buy or control houses... as many as you can...
during the next four years. Hold for appreciation and
then sell and cash in.
And still another way is the Zero Down Way
October 2/2004
Just wanted to let everyone know that Cheaphomes is offering a free ebook on credit repair. Yes we are actually giving this ebook away. I happen to see on a few sites that they are actually selling
this ebook for any where from 15-40 bucks. That's a lot of money when your going broke.
For anyone interested in obtaining a copy of the book you can go right here.
Also just a reminder that Cheaphomes has the re-sale rights to Milt Tanzers "Buying Real Estate With Nothing Down." What does this mean to you? Well it means you can get a copy here and for a very cheap price too. Only $9.95. In Canadian loonies at that. Interested?? Go Here
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