Learn sales and marketing. Once you know how to acquire deals at a discount you never fear what’s happening with the market because people will always need housing.
Assuming that rates will be lower in five years is irresponsible. Check out rate trends in the late 70s - early 80s. Rates COULD be double where they are now in five years.
The PNW is still incredibly unaffordable (for renters and buyers) and it's largely because the absurd reaction to COVID killed small-time landlords so now, who owns the majority of the housing in Seattle? Hedge funds and foreign investors. That, combined with Seattle has kind of run out of room to build even if it were affordable to do so, is why this city's homelessness is sky-rocketing. Major props to anyone who's figured out how to successfully invest in Seattle without making the housing crisis worse.
If they don’t stop a wage price spiral the inflation we’ve seen will take years to subside. Commodities fluctuate but you increase wages and that’s not easy to undo and the costs of those increases cut into margins lowering valuations (why stocks have been in a record losing year) and are passed on to consumers. We were told rates were going up and people were still buying in May. Only the June rate finally slowed buying. Mortgages aren’t a 1:1 change with fed funds so tech charts would suggest we end up 4.5-6% prime. Buyers will get used to that and that couples with lower prices should stabilize the markets
Learn sales and marketing. Once you know how to acquire deals at a discount you never fear what’s happening with the market because people will always need housing.
Assuming that rates will be lower in five years is irresponsible. Check out rate trends in the late 70s - early 80s. Rates COULD be double where they are now in five years.
HOW Do We Get Into The Fund?
The PNW is still incredibly unaffordable (for renters and buyers) and it's largely because the absurd reaction to COVID killed small-time landlords so now, who owns the majority of the housing in Seattle? Hedge funds and foreign investors. That, combined with Seattle has kind of run out of room to build even if it were affordable to do so, is why this city's homelessness is sky-rocketing. Major props to anyone who's figured out how to successfully invest in Seattle without making the housing crisis worse.
Phoenix still has a long long way to go down. The big money institutional and iBuyers are staying away for now.
James Dainard is the man!
If they don’t stop a wage price spiral the inflation we’ve seen will take years to subside. Commodities fluctuate but you increase wages and that’s not easy to undo and the costs of those increases cut into margins lowering valuations (why stocks have been in a record losing year) and are passed on to consumers. We were told rates were going up and people were still buying in May. Only the June rate finally slowed buying. Mortgages aren’t a 1:1 change with fed funds so tech charts would suggest we end up 4.5-6% prime. Buyers will get used to that and that couples with lower prices should stabilize the markets
The speed of these rate increases are making the US dollar so strong it’s hurting our trade partner countries and causing a global economic slowdown.
How about buying real estate overseas while dollars are strong
Required down payments are higher if buying as a foreigner. If it's not full cash.
Just took an arm at 4.8 was super nervous about it but numbers will still work