Laguna Beach Real Estate

I have been accused of being a bit over analytical. But when it comes to this market of real estate, I keep having people come up to me for my opinion on homes.

I know that many homeowners are gloom and doom. I am one of the people who purchased during the last few years, so I theoretically have lost money...on paper. Since I am not selling or planning to sell my home, I actually haven't lost anything. I know that values have returned from the ether. We need to stop thinking that the real estate world is coming to an end! We haven't returned to values from the 1970's or 80's, we've returned to where we should have stopped in 2003-2004.

Some individuals, realtor's included, began to believe that values would never stop going up, or even slow down the increase. Well that has caused a lot of heartache and in the worst case, loss of home! Average prices have dropped, median prices have dropped, amount of homes for sale have increase, but for those who purchased for the right reason and with the truthful information about themselves are still holding on to their homes. The best place to invest, especially right now, is still real estate...as long as you are looking for LONG TERM investing! Whether we look into the crystal ball and it tells us that the market will go up or down in the immediate future, it doesn't matter for the long term. If you can TRUTHFULLY afford a piece of real estate to invest in for the long term, real estate won't let you down. I read all the doom and gloom in the paper...just as I did in the 1990's...and I know that those who understood bought! Those who didn't waited until the press, news and media told them to buy and then were upset that they had to fight for the property...not only that...they had to pay more for the privilege to fight for the property. I'm not saying to buy or sell because the market is at the bottom...I'm not saying to buy because you can turn an immediate profit...I'm saying to buy (or sell to buy up) to enjoy LONG TERM wealth...to have something of your own for the long haul. I look at flipping very much like day-trading on the stock market...unless you have a large sum of expendable money, you may want to jump out your window right after you threw your computer out the window!!!

Laguna Beach has been slightly insulated by it's proximity to the water, but that didn't last forever and we must be looking toward the future, not the past. The real estate is worth what it is today, not what it was worth in 1970, 1980, 1990 or even last year! I have seen areas where up to 80% of all properties for sale are because of financial troubles, but we only had 22 out of over 360 as of last week. That will change. But if we use our intellect and planning we can reduce the chances in the future.

Thanks for reading and if you see me wandering through Laguna in my little grey Subaru, please say hi!!! Cole