This thread is interesting. I have to ask, why are you currently considering purchasing a hard asset like real estate in the midst of a deflationary downturn?
What is up with Sanctuary at Redfish?
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This thread is interesting. I have to ask, why are you currently considering purchasing a hard asset like real estate in the midst of a deflationary downturn?
Pricing and timing
Well, I know these are scary times and fearful times. I am sure you heard the old motto " be greedy when others are fearful and be fearful when others are greedy". If you find pretty much what you want, (especially if there is one to two houses/ units, not 10 or 20 options) at prices quite a bit below construction costs, where you want, you must question yourself as far as timing in this deflationary spiral. Hindsight and bottoms are only certain looking back. Investing is only looking forward. Throw the dice.
Well, I know these are scary times and fearful times. I am sure you heard the old motto " be greedy when others are fearful and be fearful when others are greedy". If you find pretty much what you want, (especially if there is one to two houses/ units, not 10 or 20 options) at prices quite a bit below construction costs, where you want, you must question yourself as far as timing in this deflationary spiral. Hindsight and bottoms are only certain looking back. Investing is only looking forward. Throw the dice.
Jerome, did you ever go any further with Sanctuary at Redfish?
There are currently 2 units each listed under $400K ... #1103 at $399,900, and #1122 at $397K.
The lowest asking price on the 2nd floor is #2116 at $449,000. All three mentioned so far are 3BR/3.5bath.
There are currently 2 units each listed under $400K ... #1103 at $399,900, and #1122 at $397K.
The lowest asking price on the 2nd floor is #2116 at $449,000. All three mentioned so far are 3BR/3.5bath.
If you are I can help. I know the owners.