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Los Angeles Realtor - Hello

Los Angeles Realtor - Hello

That's what I thought, too. I went and saw an experienced california investor speak a few weeks ago. Bruce Norris. He's older, and has been through quite a few cycles here. He addressed what he calls "the coastal prices do not drop myth". He said they will definitely come down quite a bit.

But I agree with you that they have not dropped yet. I looked and Santa Monica the other day. It feels like Santa Monica is down about 10% since 2006

Los Angeles Realtor - Hello

Nice to meet you, Matty. And you are right. There are pockets in L.A. County that are still going into multiples, Beverly Hills, Westwood, and especially Santa Monica. There was even one in Mt. Washington recently that went into multiples within a week of listing. No rhyme nor reason here.

I really don't think it will go down much in those areas. They are not exactly distressed.

Los Angeles Realtor - Hello

Hi Jane - Welcome.
I am in the area. LA still feels slow to drop as compared to OC and the Inland Empire. It's getting closer. But still feels like it has a ways to go. But I am looking buy here, too. Keep in touch and good luck. It will get better.

farmland investor wanted

Hello, we are an established row crop and hog operation in Minnesota looking for investors to purchase farmland and enter into a contract to have us operate the land. There are currently many opportunities in our area. Farmland in this area has appreciated 11% annually over the last 50 years. The last few years have returned around 16%. The rental agreement will return about 4.5% but you would need to deduct land tax from that return. Excellent opportunity for a 1031