As the Economy Falters, Trophy Properties Need to be SOLD!

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Trophy Properties are starting to come to market. Properties that are very hard to find. Maybe they have been in Family Portfolios for years; maybe Grandpa bought them and now the grandchildren are selling. These are not for everyone, only the well qualified investor.
I still am forecasting property prices to decline, but these are rare properties that rarely come to market. These are beachfront homes, Jersey Shores homes, Hampton Properties, Newport Beach...properties that are often sold privately.
This is just a signpost along the way confirming where we are in the Real Estate Cycle Completion. Fortunes are yet to be made.
If you would like to consult, contact West USA 602-942-4200 and ask for Michael Douville
Patience is now required. If you purchase now, you risk losing 30% or more that may take 5-10 years to recover.
However, if you are patient for the next 12-18 months, you might be able to have a Life Changing Opportunity.
I am encouraging Investors in Endangered Cities to move their investments to better markets via an IRC 1031 Tax deferred exchange. This is very inexpensive and does not trigger a tax implication.
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[@onceANexile]

Nice cabins and houses on the market...im waiting. Ive set aside a lot of silver...i aint joking.

[@michaeldouville690]

Thank you for the comment. You are correct! There are some pretty nice vacation homes coming to market, and some are having a hard time selling! First time home buyers rightfully complain at the cost of financing. However, cabin owners (Second Home Buyers) get charged 1-1.5% more interest and fees are higher. This is going to cramp some styles. That said, the other side is the desire to "Get out of the City". So, a classic demand destruction via the Fed....plenty of Demand, but not enough Income! The solution is discounting!!! Your Silver should come in handy soon! Michael Douville

[@crazyburkey3677]

Or just buy them at the tax deed sale😊 We already are experiencing an affordable housing shortage

[@michaeldouville690]

Thank you for the comment. Tax Deed Sale would be wonderful if you were able to successfully bid on these properties. The properties coming to market are often sold privately; they are rare finds that go into Family Trusts and Foundations. There will be a time coming soon where tax deeds may be a very good way to acquire good rentals; having cash and good credit will serve an Investor Well. Michael Douville

[@natecunningham4560]

April 2023 median sales price of 385800 April 2024 median sales price of 407600 These are numbers according to FRED. Respectfully, what are you talking about?

[@michaeldouville690]

The Median Home Price of Homes sold in the US per FRED peaked Q4 of 2022 at $442,600. The latest data from Fred is $420,800 for Q1 of 2024. The Metric clearly shows the peaks are in...I have no idea what data you are siting. FRED is easily accessible...I follow thew same data consistently not switching to make a point.........You can check FRED Median Sales Price for Homes sold in the US. However, you do not need to believe me or my research. You are welcome to form your own opinion and act accordingly. The inventory is rising...lots to choose from..... Michael Douville

[@natecunningham4560]

​@@michaeldouville690 I'm using data from FRED. Median sales prices of existing homes by month. It is on their website, KZbin won't allow me to post the link

[@natecunningham4560]

Record high median prices as of April.... Goes against your narrative huh?

[@michaeldouville690]

Thank you for your comment. If you are just starting to follow the narrative, I can see where it might confuse you. However, the only metric that is trending higher is the Case Shiller which is an average and is a very lagging metric. Should you understand the internals of the Metric, then you would understand that as higher priced homes are sold, then the "AVERAGE" would trend higher, NOT the median! Foreign investors invest in the DOW when there is turmoil such as war in Europe, War in the Middle East, Heightened tensions in Taiwan and Korea. They also buy very expensive prime real estate which if you would think about it, would raise the "Average: home price. However, you are welcome to ignore the metrics and invest to your hearts content. Michael Douville