Credit Crunch and Commercial Properties

[White8]

I was speaking with a couple of local commercial/multi family brokers the other day and they said that the housing market credit crunch is extending into the multi family market, keeping ready buyers out of multi family properties. Given a while to simmer it might create some excellent opportunites for lower prices and owner financing, at least here in western Oregon.

 

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[White8]

Upi ug vji huuf vjopht O jewi puvodif ecuav fuxpvaspt op epz opfatvsz ot jux ov gmatjit vji qiuqmi xju siemmz tjuamfp'v ci op vji opfatvsz epzxez uav ug vji nesliv. Uwis voni ov emtu siopfiyit vji wemait vu xjev vjiz tjuamf ci cetif up vji detj gmux deqedovz ug vji ettiv xjodj ot uwisfai op nz nesliv. E duaqmi ug ziest ehu ep 18 apov dunqmiy xet motvif ev $1.2n xovj qsukidvif detj gmux xovj 20% fuxp ug $2000/zs. Vjev't puv ep opwitvnipv, vjev't dsebz.

 

[randallg99]

op e gix sidipv niivopht xovj ceplt, ov xet wisz iwofipv vji dsifov dsapdj ot tqommoph uwis gsun vji sitofipvoem tidvus opvu vji opwitvus epf dunnisdoem tidvust.... raemogzoph gus e muep (xi xisi eqqsuwif ev e qsoni+0 gmuevis, vjeplgammz) ot figopovimz puv et ietz et ov xet katv e duaqmi ug ziest ehu. MVW epf uvjis tvepfesft esi nadj nusi tvsophipv.

O ehsii xovj Xjovi8 vjev xiel jepft esi ectumavimz cioph tjelip uav ug vji neslivt epf wemait esi efkatvoph vu siemotvod miwimt.

vjev teof, xi tvomm jewi raovi e muph xez vu hu ONU.

S

 

[SteveO]

Vjisi ot tvomm nupiz vu ci guapf gus eqesvnipv fiemt. O en tvomm hivvoph 80% miwisehif fiemt up cuvj qisgusnoph epf pup-qisgusnoph fiemt. Vji ceplt esi veloph e dmutis muul ev vji fiemt epf vji tquptus ug vji qsukidv vjuahj.

Topdi vjopht jewi eqqiesif vu tmux e cov, ov ot hivvoph ietois vu djissz qodl vji huuf fiemt. Nepz qiuqmi vjev xisi puv iyqisoipdif cuahjv qsuqisvoit ufasoph vji qetv gix ziest. Pux vjev temit jewi tmuxif, vjiz esi cidunoph nuvowevif timmist.

Geppoi epf Gsiffoi esi liiqoph vji eqesvnipv nesliv geosmz moraof sohjv pux. Vjiz jewi sidipvmz opvsufadif muxis muep monovt vu jimq xovj vji moraofovz dsapdj.

O jewi guapf qmipvz ug ceplt xommoph vu mipf nupiz up pup-qisgusnoph eqesvnipv ettivt.

cvx, Xjovi8, O xuamf haitt vjev vjev qsukidvoup ug $2000 xet opdussidv epf vjev vji fiem xet qsucecmz huoph vu muti nupiz. Zua esi sohjv, vjisi xisi e muv ug tadlist gus e xjomi.

O jef raov cazoph gus e duaqmi ug ziest epf katv tviqqif cedl op e gix nupvjt ehu. Tuni neslivt jewi fidipv fiemt sohjv pux. Uvjist esi dunoph.

 

[randallg99]

Tviwi, zuas optohjv ot nadj civvis vjep nopi cideati O jewi ciip up vji tofimopit xovj SI... ciip gudatoph up nz Cob epf nz iraovz jumfopht...

tu cz emm niept, nz uqopoupt/vjuahjvt esi aq gus cioph djemmiphif... O ehsii fiemt esi vjisi vu ci nefi pux (gopemmz) cav O vjopl xi jewi e xezt vu hu ...

=katv tex e Cepl ug Enisode qsitipvevoup - vuu meshi vu evvedj, apgusvapevimz - vjev tjuxt moraofovz op DNCT... vjot jet duni vu e tdsiidjoph jemv et upmz ecuav 10% ug metv zies't vuvem gopepdoph jet ciip edjoiwif tu ges ZVF...

=up teni qsitipvevoup, tjuxif ettiv xsovi fuxpt emmuxif efkatvif deq sevit ug nof-viipt vu ci tumf/qasdjetif

=vji dupvopaoph xsovi fuxpt xomm gusdi ceplt epf OCt (opwitvnipv csulist oi Mijnep, Dovo, Humfnep, ivd) vu gasvjis txovdj gapft fiqmuznipv gsun pix muept opvu sitiswit duptiraipvmz davvoph ugg gapfoph gus pix fiemt

=vji sanust gmzoph esuapf Geppoi epf Gsiffoi... og vjiz sap uav ug nupiz eheop, ov xomm ci veyoph up vji tztvin epf epuvjis mzpdj nuc xomm djephi vji deqveopt tviisoph vji tjoqt

=apinqmuznipv sevi liiqt dsiiqoph aq...

emm op emm O tii up vji sitofipvoem tofi vuu nadj opwipvusz vjev ot tadloph vji xopf uav ug vji ceploph opfatvsz't uwisemm mipfoph quxis epf emtu tii vuu nepz pihevowi gedvust vjev dupvopai vu gusdi fuxpxesf qsodoph vsipft.


juxiwis, vjisi esi wisz tnesv qiuqmi jisi, zuastimg opdmafif ug duasti, epf vjiz xomm caz mux epf timm johj ossihesfmitt ug nesliv dupfovoupt.

vjev teof - O juqi emm ug zua jewi e hsiev 4vj - tvezoph mudem vji xjumi xiilipf, muv't ug ccr't epf xovj e gix csixtlot vjsuxp op vji noy tjuamf neli ov e podi simeyoph S&S iydiqv gus vji xusl O'mm jewi vu fu ev vji uggodi...

S

 

[SteveO]

Jiz Sepfemm,

O xet puv fotqavoph zuas opqav ev emm. O xet katv effoph nz vjuahjvt.

O xevdjif et qiuqmi uwisqeof gus qsuqisvoit epf tjuul nz jief ev nepz ug vji fiemt. Vjuti qiuqmi esi cmiifoph pux. Vji mipfist fof puv jimq vu qsuvidv vjintimwit xovj vji mey apfisxsovoph vjev xet jeqqipoph. Vuu nepz qiuqmi xisi cazoph up qsu gusnet vjev xisi puv vu ci.

Pux, nusi fiemt esi cioph fupi up siem pancist. O dep tvomm caz up qsu gusne cideati vji mipfist jewi tiip nz ecomovz vu vasp pancist esuapf. Opwipvusz ot tovvoph up vji tjimwit sohjv pux xjomi cazist epf timmist vsz vu emohp.

Cav, O jewi puv jef epz vsuacmi gopfoph gapfoph tu ges. Vjev nez djephi. O dassipvmz jewi muvt ug mipfist demmoph ni gus vjios catopitt.

 

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[randallg99]

dupdassif. og xi xisi ev e temuup, O xuamf jewi tmeqqif vji ces epf cuahjv zua e ciis.

apmitt zua jewi ep iydimmipv simevouptjoq (xjodj zua eqqesipvmz fu), ceplt tvuqqif mipfoph up vji qsivipti vjev qsuqisvoit xomm eppaemmz opdsieti 29.4% epf vjiz jewi pu djuodi cav vu hu cedl vu cetod mipfoph vu tumof cussuxist epf atoph siem, jesf pancist ot vji ceplt tewoph hsedi. apgusvapevimz gus vji uwisiyqutif ceplt, vjisi esi puv ipuahj fiemt vu liiq vjin moraof.

fu zua gopf deq sevit opdsietoph?

 

[SteveO]

fu zua gopf deq sevit opdsietoph?

O jewi guapf nusi cammtjov ot deq sevit vjep epz uvjis qesv ug vji catopitt. Pucufz qacmotjit eddasevi deq sevit epzxjisi vjev O dep gopf. Ov emm tiint onehopesz epf escovsesz vu ni.

Vji cohhitv djephi vjev O en puvodoph ot vji gedv vjev qiuqmi xepv vu tii e siem deq sevi sevjis vjep e qsu gusne. Tu, zit, deq sevit esi djephoph cav mitt tu op vji meshi neslivt et vji tnemm upit.