America the Beautiful - July 4th 2008
Happy Independence Day from the YAERD.org team
Dallas: A Place to Call Home
This was a guest post submitted by Ed Doss, if you would like to write a guest post for our blog please email jeremy[at]yaerd.org.
After years of abandoning city life and retreating to the suburbs, Dallasites are reversing the trend and beginning to move back to the city.
This is good news to Mayor Tom Leppert and his City Council team. They’re giving their former residents a warm welcome and making a firm commitment to make their experience the second time around much better, with promises and commitments of improved services and support – some of the reasons they may have fled to the suburbs in the first place.
There’s every reason to believe Mayor Leppert.
Dallas knows its future is in the hands of the young professionals, empty nesters and even the retirees, who realize that living close to their job, their kids, or state-of-the-art medical facilities will enhance their quality of life. Suburbia was not all that it was cracked up to be for these individuals, with clogged and congested highways, constant yard work and increasing taxes. Although they may have initially made some lifestyle concessions in return for the affordable housing they found in the suburbs, the housing market in Dallas is changing. There are plenty of affordable and luxurious condos and custom homes in Dallas on the market, all at incredibly low prices and within a stone’s throw from all of the amenities Dallas has to offer. In addition, if the opportunity exists to build a home from scratch, the architectural advances in the past few years have made a custom designed house an affordable possibility. So what could be better than moving back to the city in a new, custom home that is built to your individual and personalized specifications – and within your budget?
Moving back to Dallas is a no brainer for many individuals. Initially, many residents fled the city for the outlying areas of the metroplex because they were tired of the hectic pace of city life. They also were seduced by low home prices in up-and-coming neighborhoods, as far out as Grapevine, Plano or Mansfield. But now, the economic climate is changing. The suburbs are becoming what the city used to be, and relocating back to Dallas is a practical idea that isn’t as insane as it seems. A quick analysis of the situation makes a few things perfectly clear: there’s no better time to trade in your suburban lifestyle than now. There’s no better time to sell your home in the suburbs and see about building a custom home in the city.
If you still need some convincing, consider this: According to statistics from the Department of Labor, Dallas has one of the highest rates of new job creation in the country. Why live in Colleyville and commute to Dallas when you could live in Dallas and be close enough to walk to work?
Other reasons cited for moving back to the city include:
A carefree lifestyle
Less traffic and a shorter commute
Very little or no lawn care
Restaurants that are just a short walk away, for those enjoying gastronomic pleasures
Leisure activities (movies, plays, museums, concerts, sports, etc.)
Quality educational facilities
Excellent health care
Researchers at the Urban Land Institute also claim that the trend of moving back to the city could continue for the next 15 years, with boomers and young professionals the most likely to relocate.
So if you’re tired of the hassles of suburban living and want to trade in traffic and tree maintenance for affordable luxury and convenience, think about cashing out on your pricey home in the country and investing in a dream house in the city. Custom builders can help you design and build a home that has all the features that you’ve ever wanted … all within your budget, and probably with some cash left over for some luxury expenditures.
So get ready to sell the lawn mower and pack up the pots and pans. The home of your dreams awaits you in Dallas.
Palladium Custom Homes
14902 Preston Road
Dallas, TX 75254
Skyler Moore’s First Blog Post
Hello YAERD community. My name is Skyler Moore and I work on project qualification and investor relations, so if you ever want to know more about a project, or how to get started with YAERD, I am only a phone call away 312-265-8417.
My goal is to bring the best projects out there to YAERD members. My interest is the investor, not the developer. I work one on one with every level of investor. If it’s your first investment property great, let’s figure out what your goals are with your real estate portfolio. You have a large amount of equity and want to get into commercial real estate, perfect, let’s determine what fits your current portfolio the best.
I take project qualification seriously and only promote projects that I would consider investing in and have visited. When a developer approaches YAERD with their projects (handfuls do daily), I go through and analyze the numbers (my degree is in finance). Do they make sense? After evaluation if I still like the project, I fly out to further view the project. I want to see first hand what they have built and the quality of the property, meet the developer in person, the lenders in person, property managers in person, areas where they are pulling renters from, etc. This takes a lot of the guess work out for the investor and I can speak with authority on the project.
Some of our projects may or may not be right for your portfolio depending on your own financial situation. YAERD is unique by being able to offer our members anything they need from financing (I will post more about this in the future, as investor financing is becoming more difficult everyday), single family homes, multi family, or triple net leases and all at NO COST to you. We will never charge you a transaction or membership fee. Make us a part of your personal financial army to meet your goals.
I currently manage our GO Zone project (www.gozonegateway.com) and travel around to other prospective YAERD offerings (a lot of projects and markets do not make sense at this time as they are still on the down swing). I look forward to speaking with you and helping you build a successful and profitable real estate portfolio.
Skyler Moore
YAERD.org Investor Relations & Project Management
Skyler [at] yaerd.org
312-265-8417
What does the Press know about Real Estate Cycles?
With all the press written about real estate I remain astounded to hear very little specific discussion about real estate economics & market cycles – the simple fact is that in a given market and for a given asset class valuations go up and valuations go down over time. This is the way it has always been, and will always continue to be.
I agree with those who suggest that it’s for the most part foolish to try and predict precisely when changes in the cycle will occur, but you can absolutely track the data and the leading indicators market by market so one can note the changes and trends as they’re happening.
A big part of my future posts for the YAERD.org blog will be to track real estate market data, analyze it thoughtfully, and hopefully help investors make better decisions. I am also from time to time going to call out some of the so called real estate economic gurus out there as well as help you avoid the economic hit men (more on that topic later) that routinely take advantage of the public. What makes me qualified to do so you may ask? Well I am not sure I am any more or less qualified than some of the media pundits trying to interpret data, some times correctly but more often that not I see these media experts giving very misguided analysis.
In terms of my qualification, I do have an undergraduate degree in Economics and have done some post graduate work in the field. In and of itself, that doesn’t amount to a hill of beans but combined with my experience working with developers and investors in markets throughout the U.S and internationally I do at least have a unique perspective and hope to periodically offer my two cents on these topics.
Robert Stec
YAERD.org Advisory Board Member
Our Blog Debuts
Hello YAERD.org community. We are proud to introduce to you the YAERD.org Real Estate Investing Blog. We will be using this highly effective tool to keep you (the real estate investor) informed and educated. From the latest news to law changes, from breaking into the hottest real estate markets and projects to educating you on what a Cap Rate is. We look forward to it!
Jeremy Quinn
YAERD.org Advisory Board Member
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