BUY APARTMENT BUILDING INVESTMENT PROPERTIES IN LONG BEACH CA! This is the best advice I can give to someone who wants to grow (or regrow) their wealth over the next decade. Long Beach CA is a bedroom city at the Eastern Edge of Los Angeles County and has the abundant resources and infrastructure to make an economic upswing over the coming years. Long Beach CA was in the midst of redevelopment when the Great Recession of 2006 to 2020 hit (that's right many pundits and also me predict at least 9 more years of the foreclosure and short sale mess to unwind). The city is poised to make a faster than normal comeback once the Government gets out of the way and allows the economy to grow again.
Southern CA was born in the Land Grants of the 1800s. During the years between WWI and WWII Long Beach was just a port of entry in the Los Angeles area near San Pedro. During and after WWII the guys in the Navy returned with their families and created a hub of industry and the aircraft and aerospace industries reached adulthood here.
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California has a 900 mile coastline and NO ONE is capable of building anymore coastline. The Los Angeles Basin is bordered by the mountains on the east, the Pacific Ocean on the west, San Diego on the south and Malibu to Ventura on the north. The warm desert breezes run into the cool ocean breezes and create a Mediterranean climate that everyone in the world to aspires to experience. However, right now, California real estate is experience the same downturn that every place in America is currently experiencing.
The farther down the property values descend during this economic slowdown (the Great Recession of 2006-2020?) the more properties which will fall below the "underwater line". This means that the loans on the property are larger than what can be paid by selling the property at current market value (CMV).
Apartment Building Investments in Orange County CA are going to be a spectacular move in the very near future and will begin their upside value appreciation as the single family market continues to deteriorate. The more homeowners who lose their homes to foreclosure or short sale, the more apartments will be needed. Building new apartments in North Orange County, CA is nearly out of the question because the cost of small vacant parcels makes the cost of new construction prohibitive. Over the past 20 years the Cities have created such stringent "off street" parking restrictions that most of the older 4 Plex sized parcels no longer qualify without a costly building code "variance".
So, buy Orange County Apartment Buildings before the prices and interest rates go up, again. Call me Now!
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