Posted by
Dave Kooker on Friday, April 25, 2008 12:07:27 PM
Even with all our middle finger waving northern transplants and Californians who still migrate here to Northern Florida, Jacksonville Florida has still experienced a housing market slow down. From my point of view, I hope the real estate market slow down last for one more year. I hope to acquire one more single-family house and another 2 or 3 multifamily properties at these prices. This is the time to buy and set the seeds for future real estate wealth.
For those who are involved in urban real estate, I have a Business Model that has been very successful for me and it may help you and revitalize the urban estate market in your neighborhood quicker and build your own personal wealth. Place your social behavior biases to the side for a moment and understand at the end of the day money knows no religion, creed, or race. Business Model “A Year Behind The Q*eer” Not literally but, figuratively. I enjoy my women with big hooters too much. I believe that intimacy should not be a pain in the tail.
It is my belief that urban renewal occurs in two waves. First let’s talk about the first wave. Drive around semi-blighted urban neighborhoods and keep notice of where the homosexual community is residing. The homosexual community typically does not have children and the majority of this demographic works in government and/or non-profit entities. Because of this, the homosexual community is willing to seek out bargain priced distressed real estate within their limited income and they are willing to risk safety since they do not have children. They are very good urban pioneers. The homosexual community is very good at cleaning out the trash from the property, landscaping, painting, and light structural repairs. The indigenous resident trash living in the neighborhood begins to flee to other depressed neighborhoods. Let’s just admit it; poverty and neighborhood blight is caused by behavior problem(s) and mental illness enabled by government entitlements. The real estate values from the urban pioneering begin to increase.
Second wave, as the neighborhood is stabilized, us ‘breeders’ (heterosexuals) take notice of the neighborhood and wave money in front of the homosexual community to motivate them to sell their house before the property achieves full market value potential. The homosexual community makes money through their sweat equity and moves on to their next real estate purchase. The heterosexual sees the home purchase as a long-term investment and invest large amounts of money to renovate the house; new roof, foundation repairs, kitchen & bathroom upgrades, & etc.
Sometimes during this transition of the neighborhood becoming family oriented, there can be times of conflict. The heterosexual family is repulsed by Ron & Chuck’s weekend pool parties. The sight of screaming happy children and observing the family driving to church on Sunday repulses the Homosexuals. At the point the majority of the neighborhood residents are heterosexuals, the original heterosexual investors from the second wave have doubled their equity from their real estate investment.
It is quite ironic for all the animosity between the homosexual and heterosexual cultures there really is a closer symbiotic business relationship than anyone is willing to admit.
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