The International Monetary Fund Warning
The California Exodus
Buying a home and Senior Moments
Not Just Real Estate is hot in Portland Oregon
Try Scheduling Your Interruptions
The Most Stressful Event in Life
This is Price-Reduced.com where we talk a lot about real estate and a little about life.
You can go to the source of this information using the links available to you with the transcript of this episode.
Malaysia joins a host of other countries
such as New Zealand, Canada, and Australia to have restrictions or bans on selling to foreigners. Why? Foreign capital often pushes prices beyond the reach of local residents.
Did you hear about the International Monetary Fund warning
? Kind of like a Tsunami warning if you are located near the coastline. What coastline? The figurative coastline that includes the many cities around the world where the wealthy have purchased high end homes and condos. Or like mountain climbers who are all tied together to prevent a single climber from falling. However, should several of those climbers fall at the same time, then none of those connected will escape the downfall. Prices reduced in the Luxury Home markets of London, Beijing, and New York. So according to the warning, what is affecting just a few areas now will continue to spread to more cities around the world.
What starts in California, doesn’t stay in California. In fact, due to the size of its real estate market, it has been said that California is a precursor of what will happen around the nation
. Southern California, with increasing home values, has still seen an 11.8% drop in number of sales year over year. What price range saw a 21% decrease in number of sales? $500,000. and below.
Other stats? Thirteen percent thought they overpaid yet only 10% had buyers remorse.
Here is a not too often thought about segment of the first time home buyer market. What segment is that you ask? How about those senior citizens
in their 60’s, 70’s or even 80’s or 90’s who never bought a home. Learn what questions they may ask, such as “should I take out a 15 or 30 year loan.”
Speaking of Seniors, what is happening in the Portland Oregon market? According to the Business Journal
, when it comes to the assisted living boom, there are 1,000. units currently under construction in Portland and throughout the state of Oregon. View the many projects under construction.
Speaking of a hot real estate market. There is another kind of hot in Portland.
In the last few minutes you have been listening to this podcast, or reading the transcript, chances are you have been distracted one or more times.
The reason? Three of the top four were smart phones, the internet, and social media.
So it takes me about 7 ½ times as long to recover my focus as I spend on maintaining it.
Is that statistical proof that rather than working seven hours and getting a one hour lunch break, I should go home after working one highly focused hour because the same amount of work gets done either way? Right?
Acknowledging that interruptions cost us time is the first step on the road to recovery.
What are some of the solutions we can grab hold of?
An article on rescuetime.com says to “schedule your interruptions
”. Even though it might not work to set your kids down for the “ you can only interrupt me from ten to noon talk”, setting time aside to anticipate and work on those challenges that cause many of your interruptions, before that happens, makes a lot of sense.
Whether in real estate or in life, it is those things we let distract us, that stop us from getting the house that we want or achieving the goals we set.
Thank you for listening to Price-Reduced.com and always remember, financially speaking, “When it comes to real estate, the best time to buy or sell, is when you don’t have to.