It is an interesting phenomenon that as the Foreclosure and Short Sale crisis increases, the need for apartments to lodge the displaced former homeowners will increase.
The reason I say this is that the former homeowners must live somewhere for a while or, in many cases, for the duration of their stay in California.
As it turns out, following the last few downturns in California real estate (1974, 1982, 1990, and 2006-2007), a certain number of folks, about 30% to 40% vowed NEVER to be in the position to lose a home, again. That translates to several hundred thousand Orange County homeowners who will be looking for long term places to live…apartments.
YOU CAN BUY APARTMENT BUILDINGS AT BARGAIN PRICES (You’ll see what I mean in a year or two if you don’t buy now) AS COMPARED TO 5 YEARS AGO.
Here are some great examples of 4 unit apartment buildings which are available FOR SALE, today.
BUY APARTMENT BUILDING INVESTMENTS BEFORE VACANCY RATES EVAPORATE AND PRICES RISE!
CALL ME FOR DETAILS…NOW!
THOMAS WAITE REAL ESTATE BROKER
PO BOX 3205, CYPRESS, CA 90630
714-895-2174 Direct; 714-398-8292 Fax Tom@TomWaite.com