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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 12 Jul 2005 14:49:18 -0700 /

Author of the message: epd00@yahoo.com

Title of the message:
Re: Is it too late to get into this market?

Text of the message:
mfarid1@yahoo.com wrote:

> I am in Texas but I would like to invest in a house in Florida (I can't
> afford anything in California). I am thinking of areas in Florida where
> they have seen price spikes lately. Is it a good idea? Am I getting in
> too late? What are the pitfalls of being so far from my investment? I
> am looking to buy a property that already has tenant. I am looking for
> something like a condo.
>
> I would appreciate any feedback.

Austin and El Paso are very undervalued, look there before venturing so
far away. As for Las Vegas, anyone who bought in 2002 or 2003 made a
killing (myself included), but those days are gone. Housing prices are
basically flat now and have been since the begining of the year.  The
number of houses for sale today is about 10 times higher than in early
2004 and listings are staying on the market a looooong time.
.



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