Timing, as they say, is everything.
Or nothing, depending on your perspective.
One thing's for sure - hindsight's at least 20-20, if not LASIK-enhanced 20-15.
Given where we are in the real estate cycle - although, that's the question, isn't it? - it probably would have been "cooler" if I had started this blog a year ago, which in retrospect looks like the top of the real estate market in most parts of L.A. for the foreseeable future. Heck, it would have been better if I started it in 1990, when things were falling apart in the real estate market during the last cycle. But, then again, Al Gore hadn't yet invented the Internet, which would have made blogging difficult.
I'm an avid watcher of markets in general, and in particular, the psychology associated with them, most notably the "fear and greed" cycles that inevitably occur.
Without much further ado, this blog will - a surprise, given the title, I know - focus on residential property in West Hollywood, or the area loosely in and around West Hollywood.
This blog will be shaped by my beliefs, which are generally:
- We've not yet reached the bottom for real estate (way to go out on a limb, I know)
- The cost of rent vs. cost of ownership metric must come back into balance
- A good real-world check on the price of a property is the question "Who SHOULD be able to afford it?" (more on that in later posts)
- Foreclosed properties are, by and large, no bargain yet
- We'll look back in 5-7 years and realize the "bottom" was reached sometime during that period, but who knows when
Mostly, I'll focus on highlighting properties in the area. Feel free to email me with suggestions, and I'll do my best to oblige.
And, of course, back to the title of this post, here's hoping this blog doesn't fall without making a sound!
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