Results 18,201 to 18,225 of 27108
Thread: Real Estate Crash thread
-
09-27-2021, 05:02 PM #18201
-
09-27-2021, 05:03 PM #18202
It don’t matter if it never worked
Sent from my iPhone using TGR Forums
-
09-27-2021, 05:33 PM #18203
-
09-27-2021, 05:34 PM #18204
-
09-27-2021, 05:43 PM #18205
-
09-27-2021, 06:33 PM #18206
Just now heard an advertisement for Picasso or whatever it’s called.
“Fractional second home ownership”.
“See how easy it can be”.
-
09-27-2021, 06:50 PM #18207
-
09-27-2021, 06:56 PM #18208
-
09-27-2021, 07:07 PM #18209
-
09-27-2021, 07:10 PM #18210
-
09-27-2021, 07:13 PM #18211
-
09-27-2021, 07:19 PM #18212Registered User
- Join Date
- Oct 2007
- Posts
- 12,677
-
09-27-2021, 07:35 PM #18213
-
09-27-2021, 08:04 PM #18214
-
09-27-2021, 08:49 PM #18215
The Island looks great. If there are fish in them there waters it looks downright dreamy.
My deceased uncle bought into an Island on a beautiful lake in the ADKs in the early 80s. The home is an early 1900s cedar sided beauty with a 100 foot covered porch. There is nothing quite like the peace of being on the island, but it is a shit ton of work. Everything has to come over in the boat. From groceries to tools to propane tanks and toilet paper. And garbage has to be brought back off the island as well as the empty propane tanks. He was a workaholic professor and spent his summers completing major freaking projects, some of which included me as the free teenage labor. He had more energy and time than $$ so he was always working to keep up with mother nature. (Roofs, dock, painting, boat house, septic, mowing lawn)
If you can put a low upkeep seasonal cabin up you will have a blast. Sounds like that is what it will be limited to given being off the grid. Dont underestimate the PIA of putting every thing in the boat and then bringing it to the cabin in rainy, windy shitty weather. As people age the extra leg of the trip can wear on you.
I don't mean to piss on your island, as it looks fantastic and I would do it if I was single and did not have to make compromises with a significant other. I just wanted you to really think about the extra step for each trip to the store.
My uncle loved his place. He died of a heart attack 3 years ago after he tied up at the boathouse on the landside. He loved that lake and island. Frankly, I cannot imagine a better way to go if it was as quick as is thought. In a boat, on a lake. My cousin, who has no kids, now spends 120+ days a year there and is loving it.
A simple dock and one or two room cabin with direct TV to catch football would be awesome for me.
I hope you do it and love it!
Sent from my SM-G950U using Tapatalk
-
09-27-2021, 09:58 PM #18216
Guys, play your cards right like ol uncle Benny and you too can retire a thousandaire with no heirs, a mortgage and living out your retirement years in Connecticut.
If interest rates go up to even 16 levels this market is fucked. No way these prices can be sustained if rates go to even 4%. But your mortgage at 2.25% may still be less than the new price at 4%. So winning?
Sent from my iPhone using TGR Forums
-
09-28-2021, 06:17 AM #18217
Hahahaha!
The housing market has barely beat inflation in the long term. It was only during 1990-2006 that housing even came close to equities.
As dunfee said, the stock market made and lost fortunes in that time and still outperformed the housing market.
That being said, any individuals experience (depending on location, what stocks were held, etc) may differ.
-
09-28-2021, 06:27 AM #18218
Aspen.
-
09-28-2021, 06:53 AM #18219Registered User
- Join Date
- Jan 2010
- Location
- your vacation
- Posts
- 4,750
skip it meth capital of the western slope I mean maybe second place next to clifton
I imagine (speaking like I'm benny) by mid january the feeling of isolation would make you want to eat your neighbros just think of the excitement of going to the big city of gunnison and then the even bigger metropolis of montrose once a month to hit up super wall mart
been watching property in my future town and shit is so over priced, 300 plus for a uninhabitable house? the same type of house was less than 200k two years ago time for a correction but idiots keep buying
and benny stop with the wfh bullshit you don't know shit sure it's easy to make fun of wfh ers in ski towns but the tread ain't drying up too soon
-
09-28-2021, 07:54 AM #18220
Oh, shit Fred, I gave up on Summit a long time ago. Distant suburb of Denver. Easy.
-
09-28-2021, 08:21 AM #18221Registered User
- Join Date
- Oct 2007
- Posts
- 12,677
If you are looking just at the equity generated by home appreciation, then yes, stocks would rise more than home value. However, if you factor in rental income, depreciation, tax advantages, hedging against inflation, etc (not to mention the whole "roof over your head" thing). Then RE can have advantages over stocks. A good portfolio will generally contain at least some RE investment.
-
09-28-2021, 08:26 AM #18222
-
09-28-2021, 08:28 AM #18223
-
09-28-2021, 08:38 AM #18224
It's a rent vs buy slideshow for first time homebuyers.
The inflation number is about renting vs buying not the benefits of investing in the stock or housing markets.
When you add in inflation, rising rent prices the monthly cost to own a home is a good investment.
87% of peoples retirements come from the equity in their homes. If I know someone that was renting and had $10K I would tell someone to buy a home instead of investing in the equity markets.
-
09-28-2021, 08:43 AM #18225
Bookmarks