“Why Not” Thinking
Do You Believe that the Depression of 2026 Is Coming
The Best Place to Live in Europe
The Swiss National Bank Warning
Technology and Commercial Real Estate
Where Prices Dropped $70K in 3 Months
This is Price-Reduced.com where we talk a lot about real estate and a little about life.
No Real Estate Bubble here.
Where is that you say? If you want to do a brain exercise, think a little, read this article recently republished in the “Slovak Spectator.” Learn about rising real estate prices in the Czech Republic and Slovakia and why it appears they are not in a housing bubble.
Contrast that to the Swiss National Bank
warning that higher home costs and an uptick in vacancy rates may cause the real estate market to tumble should interest rates start to climb.
Also soon to come is an automated valuation system on the commercial side similar to the U.S. residential models like Zillow
, and House Canary
Do you know how close a person who flips homes for a living, lives from the houses they flip? A recent article in Forbes
says it is 25 miles or less. You might call your local house flipper, a neighborhood expert.
When Realtor.com and Money Magazine got together what do you think they came up with? How about the 50 “Best Places to Live in the America
”. They only looked at cities with populations of 50,000 or more, among other criteria. I will pick a state and you see if you can guess the best place to live in that state.
Number twenty on the list is located adjacent to Washington DC and is in Maryland. In 2013, 83.5% of its twenty five and older population had a Bachelors Degree. The Walter Reed National Military Medical Center
is also located in this city, which, as you probably know by now, is Bethesda
Where do we see prices reduced and how much?
Let’s look at Seattle Washington. The median home price of $760,000. is a $70,000. drop from where it was three months ago. For those who recently purchased, that hurts. For those who bought around 2012, their homes value has doubled. Beats having that second job to increase your net worth.
What are condos doing? Be glad you don’t live in north King County where the median Condo price has declined 40.5%
In 1997 Fred Foldvary, Ph.D. predicated what some called the 2008 Depression. The question is, would his prediction of the next Depression coming in 2026 be tossed out as a scare tactic and not worth a grain of sale? Or should his warning be something that causes self examination and preparedness whether the coming downturn is mild or massive. You decide after reading about “The Depression of 2026
“Why Not” Thinking
Life is full of challenges. Sometimes we can’t think outside of the box because we can’t get out of that darn thing. We feel trapped or stuck.
The Laconia Daily Sun has a great article about Cara Brookins who was a single mom with four kids. She needed a place to live but finances were somewhat limiting. She was able to secure a loan for a lot and building materials but she had to provide the labor and her building experience was basically, none.
What would you do? Four kids. Full time job. No experience. Nine month deadline to have that home completed.
Imagine all of the reasons this could not, and certainly would not work.
Ah, but add determination, focus, a lot of work and “Why Not Thinking”, along with a little help and of course, YouTube videos and what do you end up with?
Whether in real estate, or in life, it is easy to see all of the reasons why we cannot do something. Why something will not work. Why our goals are unreasonably big.
Maybe it is time we decided to try some “Why Not” Thinking.
Thank you for listening to Price-Reduced.com and always remember, financially speaking, “When it comes to real estate, the best time to buy or sell, is when you don’t have to.