Ready for a huge crash?? How insulated are YOU??
Hello all!
How is everyone doing? Are you insulated for a big drop or are you over leveraged?? with money being this cheap STILL are you all seeking to borrow or hold off?? just curious.
I have just gotten a refinance on my owner occupied triplex. Got a really great appraisal and am going to pull a HELOC and go shopping for a new project rental to start on. What is everyones opinions of the looming doom of a huge crash??
I think we are due for something just based on history, but then again im not sure. my market in particular is SUPER HOT and it has been for about year or more.
Also im thinking if I buy something soon and the economy crashes I will have done the numbers on the higher price anyway so it should be fine right?
scary times we live in right now..
Id love to hear others opinions on this thought!! thanks!!