Jeff Brown, aka the BawldGuy, wrote a great little article the other day relating real estate to tornados - Tornados Are Local - So Are Down Real Estate Markets - Profit From It.

No matter where twisters show up, weak or strong, they’re local in nature. There are no exceptions, nor have there ever been. Real estate behaves similarly.
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Is the current economic crisis like a tornado? In terms of real estate and lending it sure is. Would I tell ya to invest in real estate located in hard hit regions like San Diego? Perish the thought. But this economic tornado hasn’t and won’t touch down over the entire country.

Bay Area real estate, and the East Bay in particular, is no different. Some areas have definitely been hit harder than others, but we have areas where investors are generating positive cash flow today on properties that are in prime locations to reap the benefits of appreciation down the road.

Now, this obviously isn’t going to be the right time for everyone to make a move into real estate. But, for some, this unfortunate national situation has created a great opportunity for them to profit from. Which group are you in?

This entry was posted on Friday, September 26th, 2008 at 12:44 am and is filed under Contra Costa County, Home Buyers, Investing, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.