Tuesday, July 15, 2008

Buy Here!

St. Louis real estateHomevestors, a nationwide company working mostly in residential real estate ranked St. Louis as the eight best city for real estate investment according to this weeks Business Journal Update. This is really no suprise. Predicting the success of any investment is tough, but with the combination of low home prices and tremendous amount of infrastructure improvements in the area, the opportunity to find great investments is definately out there.

Saturday, July 12, 2008

It's a Neighborhood Stupid!

There was plenty of stories about downtown in this weeks St. Louis Business Journal. Downtown's biggest critic (Post Dispatch parent co Lee Enterprises) has hit an all time low, Ballpark Village might be coming together, a new branch of Lindenwood College is coming to
1409 Washington

The article that stood out for some reason was about the decrease in loft sales over a record 2007.

Its not a bad article, really. It just states the facts. It talks about how some builders plans are changing in response to the market.

What's nutty, is that there is an implication that lofts are supposed to be like barrels of Budweiser. "Condo Sales Lag". Building lofts and condos downtown should be more about quality than quantity. Stories about the neigbhorhood should focus on how things come together, and how they add to the area, not look at homes sold like they're a commodity.

Most strange is that everyone knew the day would come when the developers would fade away and refocus on other types of construction or other areas. Most people knew that all the condo units projected to be built would be limited by the market. By comparison, the city of Creve Coeur has a larger population of approximately 16,500. Creve Coeur only had 307 homes sell last year (per the MLS). Why no write-up for Creve Coeur? The reasons are obvious: 1. Sales of homes everywhere are lagging and 2. It's ok for a neighborhood to stabilize.

It's great to hear about Ballpark Village and Lindenwood College. Downtown progress isn't over by a long shot. The great surge in owner occupied residences in since the turn of the century may be coming to an end, but the foundation has been laid for much growth and prosperity in the future.

Wednesday, July 02, 2008

Online Free Downtown

downtown st louis amenitiesI heard on KMOX this morning that the new free wireless access was available today. I didn't see any news online about it, so I decided to log on when I had a chance.

Having just been on a trip, I really value having this service here.

It only took me a couple minutes while parked at 9th and St. Charles to not only create an account but to add this post. In adding the account, look for "STLMETROFREE" networks. There were about 5 of them to choose from. There's also the opportunity to buy a membership for faster access, VPN ability and no ads. (although the ads are just a large bar on the top of the screen, hardly a nuisance).

Only 19 hours left, but still nice for the occasional need to access the web while on the run in downtown St. Louis.