Financial Advisor · FL · Member since 2019 · 19 posts · 1 vote
Is it safe to say we are in sale Phase 2? It seems good deals are harder to find and most of my Investor friends are off loading their portfolios. What do you think?
Is it safe to say we are in sale Phase 2? What do you think?
If anyone claims to know that, your next question should be "OK, so you claim to 'know' that... why are you talking to me? Why are you in Oakland meting with me, and not on Wall Street charging $25,000 an hour for your knowledge and services?"
I get this question about "where rates will go" all the time. If I knew, then doing your refi wouldn't be the highest and best use of my time! I'd be engaged in lawful insider trading on Wall Street...
(Insider trading is legal for real estate, ask any builder.)
Is it safe to say we are in sale Phase 2? It seems good deals are harder to find and most of my Investor friends are off loading their portfolios. What do you think?
Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes
7y
@Lazaro Dinh
Where are you looking? What kind of properties are you looking at, commercial or residential?
I’ll say in my region: the commercial retail market is taking a massive nose dive, that I can be certain of. Industrial properties are seeing positive numbers because of e-commerce, buildings are in high demand. Prices in Upstate NY are stable for residential properties year over year.
Is it safe to say we are in sale Phase 2? What do you think?
If anyone claims to know that, your next question should be "OK, so you claim to 'know' that... why are you talking to me? Why are you in Oakland meting with me, and not on Wall Street charging $25,000 an hour for your knowledge and services?"
I get this question about "where rates will go" all the time. If I knew, then doing your refi wouldn't be the highest and best use of my time! I'd be engaged in lawful insider trading on Wall Street...
(Insider trading is legal for real estate, ask any builder.)