Actually he has started a new project in Atlanta. And is finishing one in Chicago.

http://www.trumptowersatlanta.com/

http://www.trumpchicago.com/main.htm

Yep and Archstone downtown is even more money if you can believe it. $2,800 for a studio now....Crazy!!!!!

You live in boston area?

Overbuilt burbs and ugly ass mcmansions are going to be what dies in this market. You will be able to pick up some of those truly over done huge pieces of shit houses for pennies on the dollar in very short order because the people who bought them originally won't have the money to cover them in the long run.

In FL prices have dipped but it's still not as low as it was 3 and 4 years ago.

:thumbsup:thumbsup

I just checked mls.ca for my suburb and this is THE cheapest property listed right now. That includes condos and apartments.

http://www.elli-nude.com/GFY/Cheapes...-Nov6-2007.jpg

Sure - depends what it is, when the land was accquired, niche capability and longer term potential. There is also a difference between selling "homes" and constucting hotels or resorts. It's very hard to lose with hotels if the location is correct and the management/structure experience exists. They may be called hotels, but are really a long-term appeciating real estate asset while earning some money:winkwink: They can, tho not necessarily, self-finance.

Got a friend who does this - he has around 400 international hotels globally and is still taking over an existing hotel operation in the US in staged phases - the price is right and they earn. It's almost like websites with "feeder domains" to feed traffic thru to the cash register. Instead, he's got 700 travel stores which feed traffic to the hotels. Trump is playing much the same game - but appears to be angling towards his "image" more and concentrating on exotic locations - Dubai, Panama etc where his capital appreciation is far higher than any industrialized country.

Try renting in Cali...you basically pay 1/3 of a home owners mortgage. My mortgage is 5k a month!

Not including any property taxes, closing costs, and assuming 0 down.
70k on a 30yr fixed at 6.25 would be 431.00 per month.

So if rents are above 520.00 a month typically that is a great market right now. Specially if you can justify a standard 3% per year rent increase.

No offense but that looks like the construction trailers contractors use when building $500,000 homes where I live.

Good time to buy in then I guess!

I am looking for a house right now! I'm glad now is the time to buy. :thumbsup

and the sad part, this is just the beginning...

Yea, I would wait some more before I bought.

I have an awesome cardboard box with a nice plastic throw-over on the edge of skid row for a fair price:1orglaugh

Let me help you a bit.

Rent 1100

Taxes - 120
ins - 60
water - 90
maint 110
vac 55
manage 110

the house in question is a little better then break even. But add in tax benefits and appreciation and it is pretty easy to become wealthy in the long run with this type of stuff.

Buying with both hands at the moment.

Looking over the purchase agreement to sell them right now. A bundle deal. It was fun while it lasted.

Bought most for about 50k and selling for an average of 95k. That is after brokerage fees.

:thumbsup

We bought a rental home in Vegas, 2008 for 130k. Comps show similar homes selling for 220k.

Buy when there's blood on the streets!

very nice mate, good on you :thumbsup

Real State is going up in Arizona, so Obama is now flooding the state with illegal immigrants to destroy the housing market in Arizona!

New York and Seattle are booming. If interest rates don't rise soon the rest of the country will follow. It's all being fueled by inflationary monetary policy. When they decide to raise rates and how fast they raise them will determine if the new bubble bursts or becomes a period of sustainable growth. I'd be particularly nervous about buying condos, townhouses and coops at the lower end of the spectrum now. If the bubble does pop they will fall the fastest and the farthest.

If you go out in winter you will die.
maybe people wised up to that amd saying fuck it.