I’m in the middle of a build right now. I was kind of on the fence myself. Build now while supplies are up but interest rates are crazy good or take the chance and wait for prices to go down but interest to go up. I figured I’ll be paying interest for the next 30 years so I should prob take advantage of it. That being said, I’ve got money from my last house sitting in the bank. I’m hoping for a downturn in the real estate market so I can jump on a couple rental properties!
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Originally posted by BrianL View PostThis thread started over a year ago, and prices have gone up 15-25%. Rarely is it a benefit to wait when it comes to Real Estate.
But from right where we sit now it's a toss up. All depends on if the FED actually raises rates 2-3 more times to slow inflation. If they do then prices will fall. Maybe not below when this thread was started though.
If they don't raise inflation is here to stay and you'll wish you bought a year ago for sure.
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Originally posted by RiverRat1 View PostThis is true.
But from right where we sit now it's a toss up. All depends on if the FED actually raises rates 2-3 more times to slow inflation. If they do then prices will fall. Maybe not below when this thread was started though.
If they don't raise inflation is here to stay and you'll wish you bought a year ago for sure.
Each time the rates go up a basket of marginal buyers are taken out of the market. Less buyers mean flat to dropping prices. I have divested myself of all real estate (last property is under contract) other than my home. I have made an absolute killing on each property so I’m happy to stuff that cash away for now.
I’ll be looking to pick up properties or equities again once the feds get through shaking the trees.
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I own several properties that are paid for an ag exempt that will be my daughter's in 15 years or so. That's her retirement so she doesn't have to worry as she's an only child.
I don't see land prices going down much and for very long as unsustainable as it might seem. All cities are fighting for growth that they can't sustain.
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Originally posted by Txhunter3000 View Posti get the same offers which are about 1/5 0f what it's worth. I guess they find a dumbass once in a while cause the postage has to kill them.
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