Some people are selling overvalued crypto to buy overvalued houses.
And yes the houses will be crashing next.
I am eagerly awaiting the housing market crash. This time I am prepared to buy some property after.
Inflation makes housing, and any other physical investments, rise not crash. Now is the time to buy.
You were so close.
You got everything right until you said "now is the time to buy". The time to sell starts soon....very soon. Then when the market crashes (again) and the buying spree beings....you slow roll it and buy the homes where the buyers are "most eager to sell" (because they're underwater by hundreds of thousands and will go to prison unless they can sell and not defraud on a ridiculous 30 year mortgage , they should never have been qualified for to begin with.
Then you submit a bit that more accurately reflects the REAL ESTATE (not the house) value of the property. Usually this comes in about 40% lower than asking. If you're in an area where there isn't high demand, you'll cash in ...likely have to barder a few % points lower...but getting a house for 35% lower than market ...knowing the "boom" will strike back up in less than 10 years ? ummm. YES PLEASE.
Sell high , buy low. not the other way around. If you have property (especially in an area where value has risen 30% or more over the last 4 years.... GTFO now. Set a market value of 15% above the other homes in your area. ...buyers LOVE to spend more than they can afford and most (especially first time buyers) are fucking dumb enough to think they'll never switch jobs, never have an illness /injury/ or major repair work needed) so they max themselves out on the down payment for a "better" home, which the only equate to homes with larger asking prices.
What relators do should be fucking criminal , instead they go ..unpunished, artificially raising home values so they can cash a heftier check when the house sells.
It's going to be interesting to see how the housing market reacts. I'm in an area that probably won't crash hard because of the new industry moving in, but that's going to make it difficult to come from a crashed area into a not-so-crashed area.
Who knows, maybe everything will fall back to zero for a while. I'd love to see some 15% CD rates again.
There is so much new construction surrounding my area. and they are already having issues filling the houses. the quick boom that came last year caused some weird stuff. But now these brand new houses are sitting there 90% done...
Sorry but a 15% CD is never going to hapoen.
So is blackstone..
They will buy it all in <2 generations. Welcome to rental existence.
You're thinking Blackrock. Blackstone is the company that bought half of that junkie Neil Young's music.
Hmmm
It's not the home that has value. It's the land. Land is the only thing that's ever had any real value.
Previously I'd have agreed with you, but I think inflation is getting out of control and the "crash" will be in equivalent buying power, not in actual $ value. Real estate prices are going to keep going up.
IMO it's one of the only good investment options for retaining some of your net worth.
If you were trying to make a short term investment property is a loss. In the long term it will recoup absent some extraordinary circumstances.
It is in the short term going to drop again.
Housing is not going to crash.
Ok.
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