So in my prime I had 68 homes in the Midwest. I did not have any insurance on any of the rentals . I saved about 70k a yr. Fast forward 32 yrs and I had 2 homes with fire damage. In the 32 yrs. The two homes had about 7000 and 12000 of damage. Maybe I was lucky but I don’t feel lucky. I stole the insurance company profit.
Home Prices will never come down unless their are mass layoff. The issue with that is most companies are making record profits. Supply need to go up drastically for prices to come down. This is the new normal homes will prices will goes up even higher when the feds drop interest rate.
I can see that future for sure. I can also see a future of a lot of federal jobs being lost after DOGE makes recommendations to the president. I guess we will see.
I found a rdy new construction for 350K 50K over my comfort zone. But has everything I need and want. only downside is adds 50minutes to my work =0(. My question is with new builds what is my wiggly room to negotiate on price? going to check it out this Friday
I don't think prices are going to crash to anything meaningful like prices in 2000. Prices of homes are going to continue to increase while your salary reminds the same.
I am house hunting as we speak.... and finding a 4b 2b 2cg is impossible to find something 250K - 300K. Which I can afford on a 80K salary. 450K is the average almost everywhere! I am loosing hope.
So in my prime I had 68 homes in the Midwest. I did not have any insurance on any of the rentals . I saved about 70k a yr. Fast forward 32 yrs and I had 2 homes with fire damage. In the 32 yrs. The two homes had about 7000 and 12000 of damage. Maybe I was lucky but I don’t feel lucky. I stole the insurance company profit.
I think that self insurance will be a big wave in the future. It just makes sense.
i need you man im trying to buy a home for me and my son
Home Prices will never come down unless their are mass layoff. The issue with that is most companies are making record profits. Supply need to go up drastically for prices to come down. This is the new normal homes will prices will goes up even higher when the feds drop interest rate.
I can see that future for sure. I can also see a future of a lot of federal jobs being lost after DOGE makes recommendations to the president. I guess we will see.
lots and lots of homes for sale here in SWFL.. still high prices..
I found a rdy new construction for 350K 50K over my comfort zone. But has everything I need and want. only downside is adds 50minutes to my work =0(. My question is with new builds what is my wiggly room to negotiate on price? going to check it out this Friday
its a waiting game, prices are slowly coming down, sellers have overpriced houses that they will eventually need to sell.
@brasileirotimon so put my offer then wait them out
@@firstphoton655 or lower your offer after a month, and say the market is going down and so is your offer
I don't think prices are going to crash to anything meaningful like prices in 2000. Prices of homes are going to continue to increase while your salary reminds the same.
I am house hunting as we speak.... and finding a 4b 2b 2cg is impossible to find something 250K - 300K. Which I can afford on a 80K salary. 450K is the average almost everywhere! I am loosing hope.