Overlooked Commercial Real Estate That Is Everywhere

[sync pulse]

Real estate that no one talks about...

[IroNat]

Should convert into homeless housing.

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It's not the building...

[Humble Narcissist]

Real estate is way overpriced right now.  We are sitting on a huge bubble.

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It's not the building...

[IroNat]

I'm listening.

[deadz]

Commercial property lol if you aren’t conducting your business online you’re an idiot!

[Marty Champions]

Rezone it and sell it that fucking simple

[Marty Champions]

Trust me many will copy what im saying it will be a living /retail zoned it can be a resort like  the mirage except flat not a skyscraper

[Dave D]

Trust me many will copy what im saying it will be a living /retail zoned it can be a resort like  the mirage except flat not a skyscraper

Amazing it hasn’t yet anywhere. These buildings sit empty. Old Kmart and Sears serving no purpose.

Real estate is way overpriced right now.  We are sitting on a huge bubble.

I’ve had this conversation numerous times and everyone says the last bubble was because of loans, today people are paying for homes in cash….  I said that might be true, but the cost of supplies will come down and in turn so will property values. I predict a lot of electrical fires happening in the future.

[Irongrip400]

Real estate is way overpriced right now.  We are sitting on a huge bubble.

There will be a commercial real estate bubble shortly. Once these companies realize they can save money and let their people work remote, many of these leases won’t get renewed. Not all commercial office space, but even if it’s 5% that’s a huge amount. These vacant buildings need to be demolished and the land repurposed. Amazon is doing a great job of gobbling up old K Marts and large box buildings. Maybe they’ll keep the market afloat.

[Marty Champions]

Amazing it hasn’t yet anywhere. These buildings sit empty. Old Kmart and Sears serving no purpose.

I’ve had this conversation numerous times and everyone says the last bubble was because of loans, today people are paying for homes in cash….  I said that might be true, but the cost of supplies will come down and in turn so will property values. I predict a lot of electrical fires happening in the future.

The city man screws them over thats who, they wont let them rezone , only by a massive bribe or lawyers

[Humble Narcissist]

Amazing it hasn’t yet anywhere. These buildings sit empty. Old Kmart and Sears serving no purpose.

I’ve had this conversation numerous times and everyone says the last bubble was because of loans, today people are paying for homes in cash….  I said that might be true, but the cost of supplies will come down and in turn so will property values. I predict a lot of electrical fires happening in the future.

How are so many people paying cash?  It doesn't seem like hardly anyone can save that amount.

[IroNat]

How are so many people paying cash?  It doesn't seem like hardly anyone can save that amount.

They saved up their Covid checks.

[Dave D]

How are so many people paying cash?  It doesn't seem like hardly anyone can save that amount.

I actually had 2 separate discussions regarding the influx of Californians into other states (specifically these guys were in Boise, ID and Nevada (Reno and Vegas)) both individuals said that Californians were selling their home in CA and using that money to pay over asking price in cash for homes in the new markets.

Both were insistent there is documentation of this happening all over the country of higher market homeowners driving up the price in lower priced out of state markets.

They were interesting conversations with zero crossover between the two men. I thought it was odd they were so similar despite it being an idea I had never heard of.

[IroNat]

I actually had 2 separate discussions regarding the influx of Californians into other states (specifically these guys were in Boise, ID and Nevada (Reno and Vegas)) both individuals said that Californians were selling their home in CA and using that money to pay over asking price in cash for homes in the new markets.

Both were insistent there is documentation of this happening all over the country of higher market homeowners driving up the price in lower priced out of state markets.

They were interesting conversations with zero crossover between the two men. I thought it was odd they were so similar despite it being an idea I had never heard of.

Yes, this happens often.  The prices they pay are over-market since they are ignorant of the local values.

If they sell the house later they sometimes take a beating.

[MAXX]

there's a great youtube channel I follow that explores abandoned commercial buildings, resorts and large expensive buildings in general. Quite interesting how fast things falls apart and goes to shit without maintenance. Also interesting to hear the story what caused the abandonment etc.

///https://www.youtube.com/c/BrightSunGaming/featured