higher income renters renting higher quality properties drove demand before the pandemic and during its late pandemic resurgence.Quote:
Originally Posted by 4matic
real estate supply was dropping for years prepandemic
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higher income renters renting higher quality properties drove demand before the pandemic and during its late pandemic resurgence.Quote:
Originally Posted by 4matic
real estate supply was dropping for years prepandemic
I think you hit the nail on the headQuote:
Originally Posted by Kevo
You mean it wasn’t Soros’ evil plan?
Similar situation here in Bend. House went on the market for $1.9 million, and that normally would have sold above asking before rates went up. It closed after 2 months on the market for $1.7 million. Lots of that going on with price reductions, and sitting on the market longer. But, that's to be expected after 2 years of over heated growth in home prices and demand.Quote:
Originally Posted by Name Redacted
Yeah, great analysis. Add to that a TON of covid rental assistance available.Quote:
Originally Posted by summit
Sent from my iPhone using TGR Forums
Granted, I just woke up, but I don't understand why investors would be buying SFR. If paid for cash, after expenses, maybe they are getting a annual 4% return. Seems low for the capital being spent except for the hope of future appreciation.
1. Tail enders coming after seeing RE returns the last few years while the markets are sideways now)Quote:
Originally Posted by liv2ski
2. Relatively safe with some guaranteed cashflows while corporatized management of investor owned housing (STR and LTR) improve margins and reduce overhead
3. Speculation that prices and rents will rise
4. "Everyone else is doing it, I better get mine"
5. 4 will further drive 3
Hey, I think this guy is really on to something!Quote:
Originally Posted by m9b8f9
Next up?Quote:
Originally Posted by Name Redacted
Timeshares. Always worth it.
Fractional home ownership is the newest investment paradigm.
1031 exchanges...Quote:
Originally Posted by summit
If you're paying cash, or buying a place with a 4% return you're doing it all wrong.Quote:
Originally Posted by liv2ski
Fed's Powell: U.S. housing market headed for 'correction'
https://www.reuters.com/markets/us/f...on-2022-09-21/
How incredibly prescient.Quote:
Originally Posted by spanky
So nobody thought that "Money printer go BRRRRR!" thing wasn't going to catch up to us? I mean, yeah, it avoided a double whammy of global shutdown/pandemic and a recession at the same time, which was nice. But it just delayed the inevitable, and now here we are, the inevitable.
Oh, don’t be fooled, ‘the inevitable’ will be FAR more cataclysmic!
OK BunnyQuote:
Originally Posted by rideit
zErO hEdGe sAyS sO!
(Actually, I am referring to earth being enveloped by the sun becoming a super-nova, but whatevs)
Can't wait! Wouldn't that be nice? I mean, knowing that you aren't going to suffer with some shitty illness or die like some dumbass Darwin Award candidate? Just everyone goes out at the same time in the same way? Something strangely comforting about that. Only thing that would make it better would be knowing that it was coming for a while, not. too far, but like a year or less. I think I'd be kinda proud knowing that in the thousands of years that humans have been around and worrying about the end of the world happening any minute, I was one of the lucky ones who actually got to witness the apocalypse. How cool would that be?Quote:
Originally Posted by rideit
It would probably tank the housing market though....
If you know it’s coming, it’s “on the beach”
I love that novel. It makes you ask the question what do you do once you know it’s all about to end.
On the Beach is a 1959 American post-apocalyptic science fiction drama film from United Artists, produced and directed by Stanley Kramer, that stars Gregory Peck, Ava Gardner, Fred Astaire, and Anthony Perkins.[2] This black-and-white film is based on Nevil Shute's 1957 novel of the same name depicting the aftermath of a nuclear war.
All star cast. But as usual the novel is better.
The car racing is amazing. Hell bent for leather knowing you have nothing to lose.
you can still get a 2 million dollar shit box with no garage in breckenridge wait I think the price dropped and we are now at a more comfortable 1.8mQuote:
Originally Posted by Name Redacted
keeping an eye on small town middle of nowhere property and its still way over priced double what it was three years ago lots of open houses and 10k price drops as if that means anything
Right? But if you buy a SFR, good luck getting a 5% return after expenses, at least initially. 30 years down the road, your return can be ridiculous. O and the house that sold across the street 2 years ago was never built on (great lot but a tear down for $3M), so it was but on the market for $400k more and was under contract in 10 days. Unbelievable.Quote:
Originally Posted by Yukonrider
At some point it feels like the Fed has decided we need a recession and is just pushing us into it for no reason.Quote:
Originally Posted by spanky
I just don’t understand why they think spiking interest rates like this is going to solve the inflationary pressure we see right now.
we need a recession we are overdue long overdueQuote:
Originally Posted by Supermoon
raising rates slows the flow of cheap easy money to buy stupid shit and that free eazy money has been out of control the past three years now
everyone thinks they are a millionaire right now
ask any colorado homeowner we have the highest rate of helocs in the country cause people are using their home as an atm
what we need is an slow down not necessarily fall off the cliff recession
but since we need to prop up the boomers lifestyle as much as we can on their way out the door this is the shit we eat
the labor market is shit storm at least I have plenty of opportunities for wfh laid off tech workers