Yeah. I'm a residential Realtor. I'd like to break into the commercial side sometime.
In Colorado Springs they are building building building. Commercial/medical in my area going up. Two new hospitals within 2 miles of me. Four ancillary medical buildings around those.
Multi-family units breaking ground near the new Super Target.
With five bases, this is a military town. As long as the war is running I don't see a big infusion from them.
Not sure what to make of it. Housing here never went ballistic (@7% increase/yr) like FL, NV, AZ, CA etc.
Ron, my area is kinda the same. We never saw the ridiculous increases either. There is a bit of an oversupply in certain prices ranges, but we'll probably burn through it in a year. The market is a bit stagnant, but I haven't really seen any evidence yet of price weakness.
Retail may be a bit differtent story. It got a little crazy here for a while and some of the cap rates I was seeing were absolutely insane. I've been noticing a few more dark units popping up too and there doesn't appear to be a stampede to occupy them. We'll see i guess.
Market ticker today is VERY bullish for our position in gold...
The dollar carry trade was sure to come about...dont know if it is already happening, but if it is...look out!
After years and years of overconsumption and inflated equities, something has to give. You cant save everyone Ben!! Who is it going to be, the plebes or the patriarchs?
3 comments:
Yeah. I'm a residential Realtor. I'd like to break into the commercial side sometime.
In Colorado Springs they are building building building. Commercial/medical in my area going up. Two new hospitals within 2 miles of me. Four ancillary medical buildings around those.
Multi-family units breaking ground near the new Super Target.
With five bases, this is a military town. As long as the war is running I don't see a big infusion from them.
Not sure what to make of it. Housing here never went ballistic (@7% increase/yr) like FL, NV, AZ, CA etc.
Ron, my area is kinda the same. We never saw the ridiculous increases either. There is a bit of an oversupply in certain prices ranges, but we'll probably burn through it in a year. The market is a bit stagnant, but I haven't really seen any evidence yet of price weakness.
Retail may be a bit differtent story. It got a little crazy here for a while and some of the cap rates I was seeing were absolutely insane. I've been noticing a few more dark units popping up too and there doesn't appear to be a stampede to occupy them. We'll see i guess.
Market ticker today is VERY bullish for our position in gold...
The dollar carry trade was sure to come about...dont know if it is already happening, but if it is...look out!
After years and years of overconsumption and inflated equities, something has to give. You cant save everyone Ben!! Who is it going to be, the plebes or the patriarchs?
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