Take advantage of the summer heat with an off market home that's a car collector's dream.
7 car garage: a 5 car air-conditioned garage, plus a separate 2 car garage. Also, there's an option to build another 3 car garage.
If you're a car collector looking for a home that can house numerous cars, you know that prices routinely run to many millions of dollars.
This exceptional 5 bedroom house on a quiet street in Paradise Valley also boasts a guest house, office, and gym. Offered at just under $1.6 million.
Excellent value here, please reply to this email if you'd like pictures when they are available.
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Great coverage in Bloomberg recently about what's happening to rents in the United States.
Ultimately, cash flows support the value of real estate. Whenever a real estate market gets into dangerous territory, it's when the selling prices get completely divorced from rents.
The United States has a housing imbalance, with more demand -- and projected demand -- than supply can accommodate. This bodes well for landlords for the foreseeable future.
However, some markets are clearly ahead of themselves and bucking the national trend. One only needs to drive through Downtown Scottsdale to see apartment building run amok. There are only so many people who can afford, and are willing to pay, San Francisco level rents in Scottsdale.
Luxury apartments may be overdone, but affordable housing remains the opportunity of the decade. There are some compelling investments available in that space.
Indeed, even the techies of San Francisco have had enough. I've been encouraging readers of this newsletter to consider the Midwest for years now. If this trend has legs, and we see even more remote commuting, investors in Midwest residential properties may not only get great cash flows but also appreciation. To learn more, please reply to this email or click here. | 