Real estate versus Index funds??
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Date: January 29th, 2023 7:56 PM Author: bateful idiot site
I'll start with the caveat that if I were highly confident about what the real estate market (or any other market) was going to do, I would be calling my broker rather than sharing my hot tip with a bunch of racist lawyers. With that caveat, my current expectation is that we can expect to see several years of flat real estate prices or possibly small declines.
When you consider both interest rates and the cost of housing, housing is currently as unaffordable as it has ever been (with the possible exception of the height of the bubble in the 2000's). It's unlikely that prices are going to get higher because people simply can't afford them. At the same time, there is a serious shortage of housing. Home building never really recovered from the 2008 bubble, and it stopped almost completely during the pandemic. And everyone who owns a home already refinanced at negative real interest rates during the pandemic, giving them a strong incentive to not move and not sell. The result is that real estate sales are near historic lows as nobody can afford to buy and nobody wants to sell.
This will probably continue until rates go down and/or wages go up to catch with current prices. And housing prices may decline a bit as people finally decide to sell and more housing finally gets built. But there isn't enough demand for housing to push prices higher right now but there also isn't enough supply to drive prices much lower, either.
HTH
(http://www.autoadmit.com/thread.php?thread_id=5280008&forum_id=2#45860032) |
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Date: January 29th, 2023 10:21 AM Author: Ebony Range
"I've been reading biggerpockets threads"
JFC.
Learn real estate from heavy hitting real estate Jews.
Not from 110 IQ are country proles on Reddit / bigger pockets.
(http://www.autoadmit.com/thread.php?thread_id=5280008&forum_id=2#45857643) |
Date: January 29th, 2023 1:04 PM Author: thriller vermilion yarmulke fortuitous meteor
Your cost from a cash flow basis is probably close to literally double what it was 2 years ago.
No one can say if its a good investment or not, its fucking crazy to think about.
(http://www.autoadmit.com/thread.php?thread_id=5280008&forum_id=2#45858560) |
Date: January 29th, 2023 3:08 PM Author: Orange legal warrant
non residential RE.
but yeah rates stink, gotta wait a year or two before doing anything else new
(http://www.autoadmit.com/thread.php?thread_id=5280008&forum_id=2#45859077) |
Date: January 29th, 2023 4:29 PM Author: Claret french chef
Rate this deal:
https://www.trulia.com/p/oh/shaker-heights/3617-normandy-rd-shaker-heights-oh-44120--2045696312
Seems like the property tax is too high in Cleveland at 4%? Otherwise if u put 60k down could still come out with 10k positive return? If I get a bunch of this though I think that would be a lot of assets with small values. Would be nice to have a single property that's worth more
(http://www.autoadmit.com/thread.php?thread_id=5280008&forum_id=2#45859319) |
Date: January 29th, 2023 7:15 PM Author: Claret french chef
Rate this
https://www.trulia.com/p/oh/columbus/1038-lockbourne-rd-columbus-oh-43206--2044580012
I think Columbus maybe the city for a starting landlord. The city is shit. But it's one of the very few cities in midwest that has population growth. And obviously prices are much less compared to Florida or western states. Do i need 20% or 25% down for conventional investor loan?
(http://www.autoadmit.com/thread.php?thread_id=5280008&forum_id=2#45859870) |
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