Quote:
|
Originally Posted by L-Pink
I bought my house because it had a nice private pool, it's one story and my old hound-dog can't climb stairs.
Commercial warehouses I own are valued based on investment return, short and simple, 9% cap rate in my area.
Webby, interesting note, over the last 18 months two tenant leases have been assumed and extended term options exercised by Sumitomo Corp. as they swallowed the auto related tenants.
|
You got no consideration for that ol' hound-dog L-Pink?
Mmmm... your example of Sumitomo seems to be a trend generally - and almost happening without being noticed. There are some major changes and shifting of economic regions going on - and presumably not likely to stop in the forseeable future.
Suppose.. tho almost sub-consiously, I've been looking at "prospective potential" areas with that economic shift in mind for real estate investment and grabbing anything that has a chance - (OK.. you still have to do the homework), but it's stunning so far and way beyond expections with captial increases averaging around 50% annually and little prospect of that slowing - basically means a good few mill into the bin annually. From that stage, stuff the "developer hat" on - and it's just silly money.
I don't know the area well enough, but smell there is a lot of potential in Asia in general for RE investment. Also areas, some of which may not be "cultivated" totally yet where there is an appeal for tourism (basically exotic locations), - these have a tendency to shoot thru the roof within a very short time scale.