{"id":22955,"date":"2009-08-19T09:30:00","date_gmt":"2009-08-19T09:30:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=317"},"modified":"2009-08-19T09:30:00","modified_gmt":"2009-08-19T09:30:00","slug":"el-valor-de-los-inmuebles-prime","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/el-valor-de-los-inmuebles-prime\/","title":{"rendered":"The Value of Prime Properties."},"content":{"rendered":"
You can find this on the website of The Healdsburg Housing Bubble<\/a> yet another tool to help property investors. As well as being a useful tool, this new Google Maps feature allows us to see what is happening with prime and non-prime properties against the backdrop of the current property market crash. By zooming in to the right level, we can see red dots marking foreclosures in any area of the map. <\/p>\n

<\/span><\/p>\n

Here is the link<\/a><\/span>.<\/div>\n

If we use the map\u2019s search function to look at cities such as downtown Miami, we can see how heavily it has been affected by these court-ordered closures. The same, or worse, is happening along the entire central coastline from Los Angeles right down to San Diego. \"\"<\/a>It is also interesting to see how the border at Tijuana in Baja California clearly highlights the difference in seizures between two very distinct economies and societies.<\/p>\n

\"\"<\/a>However (and never has a phrase been more apt), the island of Manhattan is relatively free of red dots compared to its surrounding areas: the Upper West Side, the entire perimeter of Central Park, Midtown East, the West Village, Battery Park, Greenwich Village, Downtown and even Chinatown. In contrast, on the Upper East Side east of 3rd Avenue (more than four or five blocks from Central Park), and generally throughout Midtown, they are more common. But above all, we\u2019ll see many more repossessions outside Manhattan, in areas such as West New York, Jersey, Newark, etc\u2026<\/p>\n

This is the major difference in how property values depreciate between one of the many small beach houses along the coast of Florida or California, and unique, prime properties situated in certain neighbourhoods on a limited, unique and irreplaceable island such as Manhattan, where tourism<\/a> This summer, its streets are more crowded than ever. The fact is that this property bubble \u2013 be it American, Irish or Spanish \u2013 shows us that during bull markets, when everything is exorbitantly expensive, the differences between prime properties and those that aren\u2019t become dangerously blurred. When we wake up from this dream, the market (not the valuations) slaps us in the face with the true current value of our properties. But whilst owners of prime properties suffer temporary falls in solid values that will recover in the future, other investors will have paid (or will have to pay for a lifetime and a half) prices that their generation is unlikely ever to see again, at least until inflation devours them.<\/div>","protected":false},"excerpt":{"rendered":"

Podemos encontrar en la web de Healdsburg Housing Bubble una herramienta m\u00e1s para ayudar a los inversores de Real Estate. Adem\u00e1s de \u00fatil como herramienta, en esta nueva aplicaci\u00f3n de Google Maps podemos ver qu\u00e9 ocurre con los inmuebles prime y los que no lo son, en un escenario de desplome del sector inmobiliario como […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22955","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=22955"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22955\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=22955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=22955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=22955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}