Housing Winners And Losers
Special Situations, Value, Dividend Investing
Seeking Alpha Analyst Since 2009
Darren's started his career as the Assistant Manager of a 7-Eleven; eight years later he was responsible for 14 stores. This imparted a business sense he still finds quite useful today.
After getting his MBA, Darren then moved into doing strategic financial planning and analysis for Silicon Valley firms, eventually achieving Director's status. These strategy, modeling and analysis skills, as well as a lot of hours in boardrooms talking with executives, transferred well into stock investment. It allowed him to first retire in 2006 at the age of 40.
With Cash Flow Club, Darren is now seeking to help others by sharing the analysis and real-world strategies that allowed him to retire early. He remains a full-time investor whose primary source of income is dividend and interest from his investments. He eats what he kills.
Education:
- Bachelors in Economics
- Masters in Business Administration
- Certificate in Personal Financial Planning
Reno real estate is going through the roof as mortgage rates are at all time lows and people from the San Francisco Bay Area continue to flee there. What many don't seem to grasp is the SF Bay Area has 7.75 million people vs. the Reno-Sparks area at .35 million. So 1% of the people leaving the SF Bay Area for Reno increases the population in Reno by 22%.
Specific case in point, a neighbor bought his house for $388k three years ago.
That house was just sold for $774k with a full price offer on the first day it was listed.
This means the home doubled in price, and the neighbor made 500% on his 20% down payment, in only 3 years.
It's pretty crazy, and this isn't just happening in Reno. As people continue to flee the coastal cities-- LA, Seattle, New York -- where they move to is booming.
Let's discuss the implications and how to make money from it below.
Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.