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by Steve Gillman
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omes for sale means upward pressure on prices. This indirectly drives up rents as well, which makes for better investing.
3. Rent and vacancy levels? Are rents high enough to justify investing? Are vacancies low? When we first came to Tucson, every building had vacancies, and we saw a man holding a sign that read, "Apartment - $250 Per Month." Great place for renters, but not a great place to invest in real estate.
4. Available land that is buildable? Less is better for future appreciation. When the land runs out, the prices start accelerating upwards.
Use these questions to compare various towns and cities, and you'll see the differences more clearly. You'll see how housing demand compares to supply in each. Finally, you'll see where it is better to invest in real estate.
About The Author
Steve Gillman has invested in real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit
http://www.HousesUnderFiftyThousand.com. |
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