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You can't miss with this real estate (if you can afford it)

By Brian Brady

Commercial Real Estate Agent with Matthews Capital Markets NMLS 2415712

November 29, 2006 06:11 PM

Almost three months ago, I posted about nine "special" real estate markets. These markets are, in my opinion, somewhat impervious to the fluctuations of the real estate markets where us mere mortals live. Basically, the affordability factor doesn't apply here. These markets are so desireable that the wealthy will just pay cash to live there.

Here are my choices:

The Absolutely Best: The Big Apple; Midtown Manhattan. Is New York beautiful? Well, that truly is in the eye of the beholder. I don't think it is any natural wonder but it is a wonder of man's doing. Manhattan is the epicenter of the world. Does it fluctuate? Sure, a bit because the Wall Street factor is such a huge influence here. Make no mistake about it...young people should live in Manhattan...old people should live in Manhattan...EVERYONE should live there once in their life. Midtown Manhattan real estate will always be a good bet over a five year period.

The Old Guard: These are known for two things: Natural beauty and proximity to a big city while retaining a small village feel. "Old Money" towns are what you might think of when you think of these markets. They are mature, built out, and very pricey. I believe you will always make money if you buy and hold for 5-7 years in these towns. Listed, in no particular order:

READ THE LIST AT www.MortgageRatesReport.com

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Brian Brady

Matthews Capital Markets - Tampa, FL

858-699-4590

Whodathunkit? Makes sense, though. The Enterprise is right there, too.

Nov 30, 2006 03:36 PM

Carole Cohen

Howard Hanna Cleveland City Office - Cleveland, OH

Realtor, ePRO

Mitchell, ( HI Brian lol) when you say The NY Post read your blog, which blog are you talking about? AR or an outside blog? If you don't mind me asking.

Nov 30, 2006 03:40 PM

Mitchell J Hall

Manhattan, NY

Lic Associate RE Broker - Manhattan & Brooklyn

Carole, Activerain about wall street bonuses, he asked me about the market if I think prices will go up what kind of apartments wall street types buy, if I have buyers from wall street. If I've sold trophy apartments. I was showing an apartment he called my cell.

Nov 30, 2006 03:55 PM

Carole Cohen

Howard Hanna Cleveland City Office - Cleveland, OH

Realtor, ePRO

That is truly amazing and I'm happy for you. I know you had Mr. Craigslist (yes?) commenting on your blog? I forgot to ask which blog it was. That is awesome.

Nov 30, 2006 03:58 PM

Mitchell J Hall

Manhattan, NY

Lic Associate RE Broker - Manhattan & Brooklyn

Carole, (Hope you don't mind the backlink Brian)

No Brokers Fee or bait and Switch

Nov 30, 2006 04:18 PM

Carole Cohen

Howard Hanna Cleveland City Office - Cleveland, OH

Realtor, ePRO

Brian won't mind he's one of the good guys, Mitchell! Thanks, I knew I had read this post! I'm smiling again! And actually, the reason I asked you about where the POST had found you (which blog) is my curiosity about how we get found out on AR

You and Brian give me hope! I'm going to do my blogging calendar (suggested in Realty Blogging) to theme my posts better. You guys are both very good at that. I'm still all over the map. Like my brain. : -)

Are you two staying up all night too? LOL I have water in my basement. SO not much sleeping going on here!

Nov 30, 2006 04:30 PM

Brian Brady

Matthews Capital Markets - Tampa, FL

858-699-4590

No prob. Mitch. I like backlinks; it makes for a more interesting comment blog. I'm up at night but it's 11 here

Nov 30, 2006 04:58 PM

Chris Tesch

RE/MAX Bryan-College Station - College Station, TX

College Station, Texas Real Estate

Excellent content. I'm actually glad that I'm not near one of the mentioned areas. I like affordable housing.

Dec 01, 2006 12:50 AM

Brian Brady

Matthews Capital Markets - Tampa, FL

858-699-4590

Good point, Chris. In many ways it is a high stakes poker game and they are tough markets to own if you are leveraged...one hiccup and your sunk.

Dec 01, 2006 02:18 AM

Randy L. Prothero

eXp Realty - Hollister, MO

Missouri REALTOR, (808) 384-5645

I have decided after much scientific research that Hawaii is the absolute best market.

When the work day ends I am sitting in Hawaii. The is a good enough reason. Aloha to all who have to shovel snow to day. I am going to take a dip in the warm ocean.

Dec 01, 2006 02:59 AM

Brian Brady

Matthews Capital Markets - Tampa, FL

858-699-4590

Randy: I don't know too much about Hawaii. I'd appreciate your best pick for a market on the islands that is resilient.

Dec 01, 2006 05:52 AM

K C

Independent Leadership & Financial Fitness Consultant - Pleasant Grove, UT

Nice blog on the great markets. I do have one comment on the Las Vegas Strip. I agree that you need to be in long term with the current Vegas market. I know several LO's locally that have helped with a couple condo projects on the strip and they are telling me that business is slow. But slow is relative if your talking 2020 as a date to hold the property. It's going to keep growing in Vegas, so if your a long term investor the water is still HOT!!!

Dec 04, 2006 08:47 AM

Russell Rosencrans, ePRO, GRI

Century 21 Fridley Realtors - Branson, MO

Great post lot's of info na dthe hyper links keep yopu involved in the reading and the break away. Nice real nice. Branson has spung up and is well developed. I have been here over thirty years and have loved every minute of it. I do hate to see the huge highrise buildings come I think we have a unique skyline and that just takes it away. Who am I to stand in the way of progress.

Dec 06, 2006 07:11 AM

Joan Snodgrass

Midamerica Referral Network - Kimberling City, MO

Excellent read. Congrats on being picked up by a major paper. I have 18 years in the Branson vicinity. It's growth continues to surprise, but due to that growth, the overflow is coming into my nearby market on Table Rock Lake - Shell Knob.

Ozarks Joan

Feb 03, 2007 03:51 AM

Kelli Fronabarger

Bend River Realty Inc. - Bend, OR

Realtor - Bend Oregon

Hi Brian,

Just wondering your thoughts on Bend, Oregon. Seems like we are generating alot ot interest here. It certainly is a beautiful place to call home. I too am in awe of your knowledge of the various cities...how wonderful to have been able to enjoy so many different places.

Feb 16, 2007 09:26 AM

Kaye Thomas

Real Estate West - Manhattan Beach, CA

e-PRO, Manhattan Beach CA

Brian-I missed this.. but it does explain our market in Manhattan Beach.. we are close to downtown Los Angeles and the west side..We retain the small community flavor with excellent schools and have a terrific beach location..

Feb 23, 2007 02:47 AM

Brian Brady

Matthews Capital Markets - Tampa, FL

858-699-4590

Kelli: I don't know anything about Bend other than what I read. What I read is excellent.

Kaye: The whole MB, HB, RB. RPV area obviously fits the "model" I discuss. If I lived in LA, I'd live there.

Feb 23, 2007 06:17 AM

Kaye Thomas

Real Estate West - Manhattan Beach, CA

e-PRO, Manhattan Beach CA

Brian: If you live in LA these are the cities. This is an interesting concept that makes a great deal of sense. I think I feel a blog coming on...

Feb 23, 2007 11:29 AM

Bill Roberts

Brooks and Dunphy Real Estate - Oceanside, CA

"Baby Boomer" Retirement Planner

Brian,

Not only is your knowledge impressve but so is your vision.

I'm in the process of writing a book on a "Boomer's Guide to Retirement - Retire in 10 Years Even If You Don't Have a Dime Now!" and one of the chapters is entitled "The Five Resort Plan." The premise is that you buy homes in fashionable resort areas and put them on the weekly rental market. By the time 10 years have gone by, you should have great equity positions in each of the properties plus really good gash flow.

Many of my target areas are on your list, starting with Palm Springs.

I'm enjoying reading your posts.

Bill Roberts

Jul 03, 2007 08:31 AM

Shane Sarae

Honolulu, HI

Thank you very much for sharing, I think you forgot Hawaii...while many places have seen dropping prices, we just got the median for June and it was a Record High...I don't know anywhere else that can say they just had a record high last month!

Jul 03, 2007 08:22 PM