Quote:
Originally Posted by 4444
Risk of renting - depends on the area. My area of expertise is certain areas of Phoenix where rental demand is high from locals for certain reasons (you'd have to see my website or talk to me for more info on that) - now you speak of Washington, I know yields will be much lower in Washington as prices weren't hit as hard as in other areas, and to be honest I haven't analyzed WA as a place to invest, but all I know is that there are WAY better places to invest.
|
While I am far from an expert, I took a quick look at some of real estate last year and a chat with someone I know from Vancouver who is working at Microsoft and was in the market for a house last year, in general Washington wasn't hit as hard as some other parts of the US during the 08 recession. But other than wanting to be close to Seattle, I highly doubt there is much action going on around Spokane or the Chelan/Wenatchee area which doesn't make it ideal IMO to seek as investment opportunities.
If the NHL and Gary Bettman has taught us anything, "build it and they will come" isn't true. A simple thing as locating the hockey rink a hour outside of town really hurts their attendance. Phoenix and Ottawa are prime examples of this. Same thing can be said if you are looking for investment real estate.