Now presents a good time to invest in a home in Vancouver, WA. Granted the recession is not over but the worst is long over. The whole Portland metropolitan has stabilized and its not predicted to get any worse. If you have some extra cash lying around in the bank it’s time to think about putting that money into a home.
This is the 1980s all over again. Remember when there was a nationwide crash back in the late 80s. There was a change in the tax code that discontinued allowing certain tax write offs. The economy tanked. Home values dropped quicker than an anvil off a 20 story building. The people who had money saved up were in a position to purchase cheap real estate. When the 90s started rolling those same people were able to sell those investments for 200% times what they paid.
It’s funny how history repeats itself because the exact situation exists today. I write this as a resident of Vancouver, WA. My home is almost within half a mile of Lacamas Lake. Make no mistake I have taken a huge hit. My personal home has depreciated over $200,000 since me and my wife bought it. It was our dream house. Unlike my neighbors we paid 20% down of the full purchase price of our own hard earned money. A lot of my neighbors paid zero down and several of them just walked away from their homes over a year ago. It was not encouraging. But however horrible it was that does not mean the values will not rise again one day. At least the values are not sinking anymore.
The world is not producing anymore land around here. People are not going to stop moving to Portland and Vancouver. It rains a little but we have some of the most temperate temperatures on earth, have stable long term corporations like Nike and Intel that are headquartered here, and the area is always voted as one of the top places to live in the United States. California, Arizona, Nevada, and Florida got hit a lot worse than we did and their recovery will be much slower.
If someone came into my neighborhood and bought a house they would be getting a bargain. Less than two years ago my house was almost half a million dollars. Now its worth $350,000. Its right by a lake, has excellent schools in the vicinity, and has a gorgeous backdrop. It will rise again. Somebody who has saved their money or has excellent credit will be able to cheaply pick up the houses my neighbors just left behind. When the market rebounds, and it always does, they will reap huge profits.
If you in a position to do so think about buying a home in Vancouver. It is a nice place to live and you get all the benefits of Portland, OR without paying a state income tax, dealing with bad traffic, or the grudge scene (unless you like that). If you need to do some holiday shopping just go across the 205 or 5 bridge and do it “duty free.”
While my home value has dropped my wife and I have talked about trying to buy another home. Is it feasible? I do not know but again houses always increase in value over the long term so when it is cheap I am of the opinion that its a good idea to get it.
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For more information about homes for sale Vancouver WA or buying a home in Vancouver WA please visit this resource about buying a house Vancouver WA.
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Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
Not only that, but he's going to put his extensive local property holdings up for sale and leave Corvallis for good. "I'm not going to live in a town where … Read More…
Looking back at what shaped local history in 1877 era
The family had sold the property before his death in 1953 at the age of 93. The sale to the city specified Bush's Pasture Park be named in honor of the … Read More…
Success of Summerfield was no accident
THREE-PLUS DECADES IN REAL ESTATE – Eric Kvernland, who starting selling properties in Summerfield in August 1978 and purchased Prestige … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
How about these right… I think you’ll find the following nuggets of wisdom particularly insightful. Leave your comments below. Check out the second one in particular…
Saving the State vs. Saving the State Government – The Oregon Catalyst
They have invested in property, plant and equipment so productivity and our standard of living has risen. Workers will earn more because of the wealth of the rich being put to good use. The politics of envy is a dead end street. …
More on Dan Saltzman’s loot (Jack Bog’s Blog)
After his BFFs at Willy Week (mayoral endorsement pending) wrote about Portland city commissioner Dan Saltzman's real estate bazillions last week, we asked the state government ethics office for our own copy of "Legend" Dan's annual … Real property interests: Gallery Park LLC, Five Oaks Drive LLC, Lincoln Street LLC, Saltzman Properties LLC, Orchards Center LLC, Foxborough LLC, Boeckman Road LLC, Salish Lake LLC, Hastings Ranch LLC, Westlake Meadows LLC, Oregon Pacific …
Teams from across Oregon joining search for 7-year-old boy missing …
PORTLAND, ORE. — Investigators who have searched for six days for a missing 7-year-old Oregon boy without success are turning to experts from across the state to assist in the expanding effort. The search has been slowed by the rough terrain surrounding the rural … The boy's family released a statement at a news conference on Wednesday asking residents around the school to check and recheck their property, outbuildings and sheds for any sign of the missing 7-year-old. …
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