In case, like a lot of people, you like in real estate news as well as browse the headlines frequently, chances are it's likely you have read about it already...and in case you have not noticed it, then you will be very, very surprised about a new trend which can be opposite to what most people expect...
To begin with, let's focus on a very few teaser questions...
Let's suppose you had lots of money...hoards of it...in early 2000, and were ready to invest it in real estate. The question is...
What kind of real estate do you think you'll have acquired?
Would you have purchased single family homes, multi family homes, 2 bedroom condos, raw land, coastal property, luxury properties, or...?
If you're trying to guess the answer, please complete so now before you read the rest of the article: -)
If you have your answer in your mind, let's proceed...
If your answer is been among single family homes, multiple family homes, two bed room condos then give yourself a pat on the back...you may have made a good tidy money...
And if your answer is luxury houses, then give yourself two pats on the back, smile the biggest, most pleasant smile you've ever smiled...you may have made above a trillion dollars in profits: -)
For...
Luxury Homes are one of the best performing segments in the real estate market!
And what does that signify?
Well, you might want to consider this...according to a few sources, after a decrease of 7.1% in 2001, this specific segment gained 3.6% in 2002, 0.3% in 2003, 13.7% in 2004, and 13.2% in 2005...
And just how would that mean with regard to money?
Reported by the Prestige Home Listing, the price of an ordinary luxury home in California's Bay Area is actually $2.88 trillion - a good increase of $336, 000 from the previous year!
And that is more money than just what selling various homes profitably may have made!
And just how many people may have foreseen this specific trend? Well, your guess maybe as good as anyone else's in this regard! While nobody could possibly determine how long this trend will continue, there could be several other segments in the real estate market that may perform equally, if not better, in the foreseeable future.
And the type of possible segment might be...
Vacation Real Estate
Another growing trend has been that individuals young and old were moving to destinations just like the Mexican Riviera, and are either establishing home there or are buying second or 3 rd homes there...and gated communities are set up in areas that were not very long ago small little towns.
And the result - real estate values not seen before in the area...and the values are increasing too. And how long will this kind of trend keep on? Again, your guess can be just like anyone else's in this regard.
To begin with, let's focus on a very few teaser questions...
Let's suppose you had lots of money...hoards of it...in early 2000, and were ready to invest it in real estate. The question is...
What kind of real estate do you think you'll have acquired?
Would you have purchased single family homes, multi family homes, 2 bedroom condos, raw land, coastal property, luxury properties, or...?
If you're trying to guess the answer, please complete so now before you read the rest of the article: -)
If you have your answer in your mind, let's proceed...
If your answer is been among single family homes, multiple family homes, two bed room condos then give yourself a pat on the back...you may have made a good tidy money...
And if your answer is luxury houses, then give yourself two pats on the back, smile the biggest, most pleasant smile you've ever smiled...you may have made above a trillion dollars in profits: -)
For...
Luxury Homes are one of the best performing segments in the real estate market!
And what does that signify?
Well, you might want to consider this...according to a few sources, after a decrease of 7.1% in 2001, this specific segment gained 3.6% in 2002, 0.3% in 2003, 13.7% in 2004, and 13.2% in 2005...
And just how would that mean with regard to money?
Reported by the Prestige Home Listing, the price of an ordinary luxury home in California's Bay Area is actually $2.88 trillion - a good increase of $336, 000 from the previous year!
And that is more money than just what selling various homes profitably may have made!
And just how many people may have foreseen this specific trend? Well, your guess maybe as good as anyone else's in this regard! While nobody could possibly determine how long this trend will continue, there could be several other segments in the real estate market that may perform equally, if not better, in the foreseeable future.
And the type of possible segment might be...
Vacation Real Estate
Another growing trend has been that individuals young and old were moving to destinations just like the Mexican Riviera, and are either establishing home there or are buying second or 3 rd homes there...and gated communities are set up in areas that were not very long ago small little towns.
And the result - real estate values not seen before in the area...and the values are increasing too. And how long will this kind of trend keep on? Again, your guess can be just like anyone else's in this regard.
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