RE: Rental Real Estate Market
From: Michael M. Rosenblatt, DPM
Timing is everything, “they” say. Here in the Bay Area, housing prices are seeing a 36% gain and higher in many facets, even condominiums, since last year. Of even greater consideration is that every sector of the RE market is affected. 30-40 offers on some homes are not unusual (mostly from investors) at mercurynews.com/real-estate.
By most reckoning, podiatrists have not suffered at all through the recession of 2008. Some of you are interested in diversifying your investments to include rental real estate. We don’t expect your own local markets to share the extraordinary upsurge occurring in the Bay Area, but you can use that fact to be prepared.
Start looking now. Hire a good real estate broker to help your search. Learn about real estate. There are many excellent books on the subject. I have written articles in Podiatry Management on that subject. If there is a political “cliff” settlement coming, you may not have time to catch up on the bargains that will occur in your area, unless you start now. Buy low and sell high has never been more meaningful.
Michael M. Rosenblatt, DPM, San Jose, CA, Rosey1@prodigy.net
