Howdy Y'all,

I'm just wondering if there are any California realtors in this forum. In particular I'm wondering if there are any that might be familar with the Santa Cruz/Monterey area. I'm looking at purchasing a vacation property and would like to pick someones brain about it. I'm from Canada so I know little about the real estate process (especially the foreclosure market) in the US.

If anyone is able to help a bit that would be awesome.

Mike

 

Gonna take advantage of the weak dollar and dead housing market? Great move!

 

I drove up to Monterey today from OC for a conference (6 hours, 400 miles--Blackie was covered in bugs! ). I have a nice view of an empty pool. I can tell you, having lived in the Bay area for 12 years, it is still a bit pricey around this area.

But it is gorgeous...good luck!

 

A couple of friends and I are thinking about picking up something that we can use as a vacation home down there. We're thinking that the early part of 2009 should be a good time, I've heard the market should bottom out in a year or two (but what do speculators know.)

I figure it should be a pretty sound investment and something that we wouldn't lose any money on and it would give me a chance to live down in Cali for about a month every year.

 

There isn't much that you can lose money on anywhere in the U.S. if you can manage to hang onto it for a few years from now. The market is in the toilet right now. It's definitely a buyer's market. Makes me wish I would have waited a few years before buying the house I am currently in, however I wouldn't have been able to sell the previous one either.