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K, Both Buyer and Seller in So Cal

what's a better investment among between different types of condo? hi rise? mid rise? low rise?

Asked by K, So Cal Tue Aug 19, 2008

what's a better investment among between different types of condo? hi rise? mid rise? low rise? (SoCal area)

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let's play that "everything being equal" for example, let's say there's one hi rise, low to mid rise right next to each other and i'm looking at a given price bracket (then i think most likely probably the low to mid rise gonna be a little bit more square footage...perhaps)...then evrything being equal, the hi rise gonna appreciate more/appreciate faster when market picks back up again...yes/no???

when do the experts think this turnaround may be???
0 votes Thank Flag Link Tue Aug 19, 2008
Dear K,
There are more then hi low rise.What are the location, price, floor plan & schools?
I know in earth quake you just have little or no chance to get out of the building.
0 votes Thank Flag Link Tue Aug 19, 2008
Hi Cindy! OP here

I meant as a potential for appreciation and appreciation curves for these 3 different types? Am I right in thinking the hi rise project is the more desirable as ann investment vehicle (turn around and re-sale when market picks back up again..I'm interested in a 1BR/1BA...LOW-ER floor)???

Also, I know of at least one hi rise condo project that's not budging in their prices even in this 8/08 market (this one particular building is in a part of town that has been under the radar but starting to be "discovered" due to planned redevelopment in phases,etc so even with the non-budging, the prices compare I would say tens of thousands lower than had this same building had been in a more "known" area)...this non-budging, do you think the sales office is bluffing (they "quote" 80% sold and closing and moving in expected 4th Q this yr)

what tacticS can i use to break down the resistance to my offering a lower price to make it a sweeter investment for me (though like i said comparative prices are somewhat low...but everything else is dropping and all these alternative foreclosures and whatnots are nagging)

and lastly, when do you think market for SoCal gonna be back up again? months/years?

thanks and hope i didn't forget any point and still clear to you
0 votes Thank Flag Link Tue Aug 19, 2008
It ultimately comes down to view and location..as well as personal preference. Will this be your primary home?
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Tue Aug 19, 2008
The Hagley G…, Real Estate Pro in Pleasanton, CA
MVP'08
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