Is it a bad time to invest?
Member since 2023 · 15 posts · 7 votes
Is it a bad time to invest?
Most Popular Reply
Lender · Eugene, OR · Member since 2021 · 245 posts · 154 votes
3yHi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.
Interest rates are a real concern for investors, especially us in the NW with prices where they are. The demand to live here, coupled with the lack of supply will govern housing prices for the next decade, and insulate the region from a larger drop, even if other parts of the country drop (which I don't believe will happen, at least not like 2008)
An investment property should be looked at as a long-term investment, one that lasts through many economic cycles. If you have high short-term goals for cash flow or appreciation, there's a fair amount of risk. But that risk diminishes over a longer horizon and real estate is fantastic in the long-term.
Whether you invest should depend on your short- and long-term goals. Time in the market beats timing the market.
69 Replies
- Lender · Eugene, OR · Member since 2021 · 245 posts · 154 votes3y
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.
Interest rates are a real concern for investors, especially us in the NW with prices where they are. The demand to live here, coupled with the lack of supply will govern housing prices for the next decade, and insulate the region from a larger drop, even if other parts of the country drop (which I don't believe will happen, at least not like 2008)
An investment property should be looked at as a long-term investment, one that lasts through many economic cycles. If you have high short-term goals for cash flow or appreciation, there's a fair amount of risk. But that risk diminishes over a longer horizon and real estate is fantastic in the long-term.
Whether you invest should depend on your short- and long-term goals. Time in the market beats timing the market.
- Member since 2023 · 15 posts · 7 votes3y
Thank you for replying.
Yes, we are looking at as a long-term investment.
I agreed “Time in the market beats timing the market “
- Member since 2019 · 7k+ posts · 4k+ votes3y
Quote from @Kazumi Boyd:
Hello friends. My wife and I live in Oregon and we want to buy our first rental, but the interest rates and the housing prices in Portland are very high. A 3-bedroom house starts at $450k. But I'm getting the feeling to wait until after the election to see who gets into office before we pull the trigger. Without getting political here obviously if we remain on the current course of policy we will see another crash like we saw in 2008. Am I overreacting? Should I proceed with looking?
yes you are overreacting, this has been addressed thousand times in bp, to reduce risk you could buy house that the price pattern is similar to 2020-201 or also house that needs repair.
- Lender · Eugene, OR · Member since 2021 · 245 posts · 154 votes3y
Quote from @Kazumi Boyd:
Thank you for replying.
Yes, we are looking at as a long-term investment.
I agreed “Time in the market beats timing the market “
It will be challenging to find something the provides good cash flow in Portland right away with these rates, but rent growth is strong and refinancing when rates drop can yield a big win.
I'm happy to help evaluate properties. DM me if you'd like some help!
- Member since 2021 · 217 posts · 190 votes3y
Unless you are nearing the collapse of civilization, it's not a bad time to invest, IF you can find quality investments. That last part is the main problem.
- Member since 2023 · 15 posts · 7 votes3y
Quote from @Carlos Ptriawan:
Quote from @Kazumi Boyd:
Hello friends. My wife and I live in Oregon and we want to buy our first rental, but the interest rates and the housing prices in Portland are very high. A 3-bedroom house starts at $450k. But I'm getting the feeling to wait until after the election to see who gets into office before we pull the trigger. Without getting political here obviously if we remain on the current course of policy we will see another crash like we saw in 2008. Am I overreacting? Should I proceed with looking?
yes you are overreacting, this has been addressed thousand times in bp, to reduce risk you could buy house that the price pattern is similar to 2020-201 or also house that needs repair.
- Member since 2023 · 15 posts · 7 votes3y
Quote from @Carlos Ptriawan:
Quote from @Kazumi Boyd:
Hello friends. My wife and I live in Oregon and we want to buy our first rental, but the interest rates and the housing prices in Portland are very high. A 3-bedroom house starts at $450k. But I'm getting the feeling to wait until after the election to see who gets into office before we pull the trigger. Without getting political here obviously if we remain on the current course of policy we will see another crash like we saw in 2008. Am I overreacting? Should I proceed with looking?
yes you are overreacting, this has been addressed thousand times in bp, to reduce risk you could buy house that the price pattern is similar to 2020-201 or also house that needs repair.
Ok. I will look into those types of houses.
Thank you!
- Lender · Tampa, FL · Member since 2013 · 2k+ posts · 2k+ votes3y
Prior to the last crash, I was so sure the market was going to crash and confident in our business plan enough to leave a cushy bank job to start this company. My only regret is that we couldn't raise enough capital to take advantage of the carnage. A bad market is where you can ton it if you're smart. We're raising capital as fast as we can to go in head first...this time with more experience and, hopefully, a lot more capital. Everyone says they will "buy low and sell high", but they tend to miss the opportunities while they wait for things to improve...which is exactly the opposite. If you know what you're doing, we're coming into a time when you can nab some incredible deals. The market cycles, but it always come back.
- Member since 2022 · 186 posts · 192 votes3y
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.
Interest rates are a real concern for investors, especially us in the NW with prices where they are. The demand to live here, coupled with the lack of supply will govern housing prices for the next decade, and insulate the region from a larger drop, even if other parts of the country drop (which I don't believe will happen, at least not like 2008)
An investment property should be looked at as a long-term investment, one that lasts through many economic cycles. If you have high short-term goals for cash flow or appreciation, there's a fair amount of risk. But that risk diminishes over a longer horizon and real estate is fantastic in the long-term.
Whether you invest should depend on your short- and long-term goals. Time in the market beats timing the market.
I think the effect of politics plays a huge part in real estate and economy. I’m not sure how we can discredit that. When I hear that said to me it sounds like a brush under the rug because facts don’t want to be considered. Politics plays a huge factor in Oregon of all places. People and businesses are moving out of there. The same as California, it’s not because of the weather. It’s strictly because of political reasons. California had a loss of population for one of the first times in history. Where are these buisness and people moving? Texas it is because of political environment. The same goes with economy. A couple years ago I could buy family pack of chicken thighs for around 4/5$ and family chicken breast 8/9$. Yesterday It was almost 17 for thighs and 19 for breast. A gallon of gas is almost 4.00$ it use to be under 2$. A 2x4 was 1.79 all day long and we would throw scraps away. Now a 2x4 is almost 4$. The intrest rates for a house was2.65% now it’s 7ish. I had a small flexiable loan that I was paying 6$ month on 3 years ago. After paying down the balance due to inflation I was paying 14$month on less principle than before. Yes it is very much a political driven economy. I just can’t understand why this is not accepted. Have we looked at retirement accounts lately for last 10 years.
It’s like saying when lebron james came back to Cleveland had no effect on them winning title. Or when Micheal Jordan left the bulls they didn’t win a title. Or Elon musk doesn’t really factor into Tesla
- Member since 2019 · 7k+ posts · 4k+ votes3y
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.
Interest rates are a real concern for investors, especially us in the NW with prices where they are. The demand to live here, coupled with the lack of supply will govern housing prices for the next decade, and insulate the region from a larger drop, even if other parts of the country drop (which I don't believe will happen, at least not like 2008)
An investment property should be looked at as a long-term investment, one that lasts through many economic cycles. If you have high short-term goals for cash flow or appreciation, there's a fair amount of risk. But that risk diminishes over a longer horizon and real estate is fantastic in the long-term.
Whether you invest should depend on your short- and long-term goals. Time in the market beats timing the market.
I think the effect of politics plays a huge part in real estate and economy. I’m not sure how we can discredit that. When I hear that said to me it sounds like a brush under the rug because facts don’t want to be considered. Politics plays a huge factor in Oregon of all places. People and businesses are moving out of there. The same as California, it’s not because of the weather. It’s strictly because of political reasons. California had a loss of population for one of the first times in history. Where are these buisness and people moving? Texas it is because of political environment.
If we use data it's very easy to decipher. If you see Redfin data, the migration outflow is going out from California city to another California city.
80% of population in San Francisco is leaving for Los Angeles, Sacramento and Sandiego. While 70% of immigration outflow is leaving San Jose to Sacramento and San Diego.
One could say political,weather and etc, but data is showing it's moving inside the state.
People moving because of job and family, mostly. - Member since 2019 · 7k+ posts · 4k+ votes3y
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.n’t win a title. Or Elon musk doesn’t really factor into Tesla
It is because it's being exaggerated so much as it's discussed widely in social media , while the data showing it's almost meaningless. Yes political has its influence but not so much when we carefully access the data and information.
The biggest immigration after all is still going to Sacramento, these are mostly retirees age level or Baby boomers generation moving out from high-productive-economy to more retirement-area-suburb and also new development in that area, as the area is new growth.
The driving force is mostly because of high cost of living, people is moving to more affordable place. But whoever ruling the country, the high COL place is almost high COL that drives people out.
- Member since 2022 · 186 posts · 192 votes3y
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.n’t win a title. Or Elon musk doesn’t really factor into Tesla
It is because it's being exaggerated so much as it's discussed widely in social media , while the data showing it's almost meaningless. Yes political has its influence but not so much when we carefully access the data and information.
The biggest immigration after all is still going to Sacramento, these are mostly retirees age level or Baby boomers generation moving out from high-productive-economy to more retirement-area-suburb and also new development in that area, as the area is new growth.
The driving force is mostly because of high cost of living, people is moving to more affordable place. But whoever ruling the country, the high COL place is almost high COL that drives people out.
I appreciate a level headed conversation.To further here is where I differ.
The media can say what it wants. The facts are still the facts. That is an area where people have willful ignorance because the facts don’t back up their chosen party.
The data really isnt really meaningless. It may not be what we want to hear and go on emotion and feelings. The data in every American’s pocketbook says that inflation is out of control. I gave examples of main things that affect main streets money. Chicken is twice as much as it was if not a little more than twice. Gas is twice as much. A 2x4 is twice as much. In November 2020 including the huge dip from lockdowns factored in my investments were up about 45% return. They have since gone to the negatives and just now rebounded to sub 10%. That is a lot of money to lose. The cost of a mortgage 4% higher in intrest than it was. You get less house for the money. Most people it takes them out of the equation for even owning a home.
The policies of certain areas within the last 3 years have been disastrous for people. Crime is through the roof this is data not my feelings. California has had a loss of people for the first time I think in history. Sacramento might have lost people to the suburbs but I’m talking the whole state. These people and buisness are fleeing the policy of the lawmakers the small buisness can’t afford the crime major buisness can’t either and it’s becoming a passed on burden to the rest of us. These are data points.Look at the firms moving out of nyc and Chicago places moving out of Portland and Seattle. These are huge firms. They are going to different political landscapes.
The cost of living is a direct correlation of political governmental policy. California,New York, Chicago, all have common political ideas. Meanwhile Texas,florida, Tennessee all have a similar trajectory. To me that is a direct correlation. The numbers don’t lie. My company has benefited because of California regulations and had to move production out of there.
The high cost of living can’t be dismissed with luck or chance. There is a reason there is a high cost of living in those areas. The is a reason the cost of living is different in other areas. It has nothing to do with sunshine.
- Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes3y
We have literally the opposite problem of a coming real estate crash. We have an inflation problem that traces from the money supply increasing by $3-4 trillion in a mater of a couple of months in Q1 &Q2 2020. That Genie can not be put back in the bottle.
District Invest Group545 Reviews - Member since 2022 · 186 posts · 192 votes3y
Quote from @Russell Brazil:
We have literally the opposite problem of a coming real estate crash. We have an inflation problem that traces from the money supply increasing by $3-4 trillion in a mater of a couple of months in Q1 &Q2 2020. That Genie can not be put back in the bottle.
why do you think a real estate crash is coming. Is it because 3.5 years ago we spent a bunch of money that we didn’t have. In your opinion how does that equate to a crash.In 2020 we dealt with an unprecedented global pandemic. We were at home being safe. Money had to put in system. I’m not sure how that is still affecting today when I could be wrong but are probably averting about 2t in new debt each year.2020 was about 4t.
- Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes3y
Quote from @Jeremiah Dunakin:
Quote from @Russell Brazil:
We have literally the opposite problem of a coming real estate crash. We have an inflation problem that traces from the money supply increasing by $3-4 trillion in a mater of a couple of months in Q1 &Q2 2020. That Genie can not be put back in the bottle.
why do you think a real estate crash is coming. Is it because 3.5 years ago we spent a bunch of money that we didn’t have. In your opinion how does that equate to a crash.
Did you read at all what I wrote? Youve asked why I stated something that is 100% the opposite of what I stated.
District Invest Group545 Reviews - Member since 2019 · 7k+ posts · 4k+ votes3y
Quote from @Jeremiah Dunakin:
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.n’t win a title. Or Elon musk doesn’t really factor into Tesla
It is because it's being exaggerated so much as it's discussed widely in social media , while the data showing it's almost meaningless. Yes political has its influence but not so much when we carefully access the data and information.
The biggest immigration after all is still going to Sacramento, these are mostly retirees age level or Baby boomers generation moving out from high-productive-economy to more retirement-area-suburb and also new development in that area, as the area is new growth.
The driving force is mostly because of high cost of living, people is moving to more affordable place. But whoever ruling the country, the high COL place is almost high COL that drives people out.
I appreciate a level headed conversation.To further here is where I differ.
The media can say what it wants. The facts are still the facts. That is an area where people have willful ignorance because the facts don’t back up their chosen party.
The data really isnt really meaningless. It may not be what we want to hear and go on emotion and feelings. The data in every American’s pocketbook says that inflation is out of control. I gave examples of main things that affect main streets money. Chicken is twice as much as it was if not a little more than twice. Gas is twice as much. A 2x4 is twice as much. In November 2020 including the huge dip from lockdowns factored in my investments were up about 45% return. They have since gone to the negatives and just now rebounded to sub 10%. That is a lot of money to lose. The cost of a mortgage 4% higher in intrest than it was. You get less house for the money. Most people it takes them out of the equation for even owning a home.
The policies of certain areas within the last 3 years have been disastrous for people. Crime is through the roof this is data not my feelings. California has had a loss of people for the first time I think in history. Sacramento might have lost people to the suburbs but I’m talking the whole state. These people and buisness are fleeing the policy of the lawmakers the small buisness can’t afford the crime major buisness can’t either and it’s becoming a passed on burden to the rest of us. These are data points.Look at the firms moving out of nyc and Chicago places moving out of Portland and Seattle. These are huge firms. They are going to different political landscapes.
The cost of living is a direct correlation of political governmental policy. California,New York, Chicago, all have common political ideas. Meanwhile Texas,florida, Tennessee all have a similar trajectory. To me that is a direct correlation. The numbers don’t lie. My company has benefited because of California regulations and had to move production out of there.
The high cost of living can’t be dismissed with luck or chance. There is a reason there is a high cost of living in those areas. The is a reason the cost of living is different in other areas. It has nothing to do with sunshine.
LOL What you might do NOT understand is that , I totally agree with you that the political situation has impact to certain location.
However the data shows it is not that great. Folks in Sacramento is still stay in Sacramento area. It is true in some HCOL are that they are leaving the area;. But they still living inside CA primarily. It's city issue more than state issue.However, interest rate rising, high cost of living is direct action from the Fed that prints money 600% more than usual (in 2020-2021), rather than who is in the office. As the Fed the one that control the money printing system LOL
While I do agree that high crime is directly related on who is in the local government. - Member since 2022 · 186 posts · 192 votes3y
I miss read your post. It got scrambled in my brain. I read a couple words wrong .I seee what you are saying now. My bad
- Member since 2022 · 186 posts · 192 votes3yAs a whole and California not just Sacramento is that political direction has affected the state. Sacramento is part of the whole. I agree that the fed printing money is a problem. That affects the whole nation. Federal action affects Texas as much as it does California. It affects Maine and North Dakota as well. Federal action is not why people are moving out of California. While it might be a city issue. The same logic applies. The greater group of people (cities) voted for for certain policies. It still affects the whole state. I believe California has lost around 600,000 people in the last few years. While people stay close to Sac. As a whole the star lost.This is a direct result of political policy. Yes printing money from a federal level has contributed to higher cost. But those same cost are nation wide. What is driving people out is the political action resulting in cost of living increases and crime. I’ve never dealt with the state. However I know my company benefited from theier bureaucracy they weren’t allowed to produce product there anymore. I’ve also heard that the time line to get a permit for buildings is a couple years. Residential might be quicker but the permitting process is long. These are political policies.
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.n’t win a title. Or Elon musk doesn’t really factor into Tesla
It is because it's being exaggerated so much as it's discussed widely in social media , while the data showing it's almost meaningless. Yes political has its influence but not so much when we carefully access the data and information.
The biggest immigration after all is still going to Sacramento, these are mostly retirees age level or Baby boomers generation moving out from high-productive-economy to more retirement-area-suburb and also new development in that area, as the area is new growth.
The driving force is mostly because of high cost of living, people is moving to more affordable place. But whoever ruling the country, the high COL place is almost high COL that drives people out.
I appreciate a level headed conversation.To further here is where I differ.
The media can say what it wants. The facts are still the facts. That is an area where people have willful ignorance because the facts don’t back up their chosen party.
The data really isnt really meaningless. It may not be what we want to hear and go on emotion and feelings. The data in every American’s pocketbook says that inflation is out of control. I gave examples of main things that affect main streets money. Chicken is twice as much as it was if not a little more than twice. Gas is twice as much. A 2x4 is twice as much. In November 2020 including the huge dip from lockdowns factored in my investments were up about 45% return. They have since gone to the negatives and just now rebounded to sub 10%. That is a lot of money to lose. The cost of a mortgage 4% higher in intrest than it was. You get less house for the money. Most people it takes them out of the equation for even owning a home.
The policies of certain areas within the last 3 years have been disastrous for people. Crime is through the roof this is data not my feelings. California has had a loss of people for the first time I think in history. Sacramento might have lost people to the suburbs but I’m talking the whole state. These people and buisness are fleeing the policy of the lawmakers the small buisness can’t afford the crime major buisness can’t either and it’s becoming a passed on burden to the rest of us. These are data points.Look at the firms moving out of nyc and Chicago places moving out of Portland and Seattle. These are huge firms. They are going to different political landscapes.
The cost of living is a direct correlation of political governmental policy. California,New York, Chicago, all have common political ideas. Meanwhile Texas,florida, Tennessee all have a similar trajectory. To me that is a direct correlation. The numbers don’t lie. My company has benefited because of California regulations and had to move production out of there.
The high cost of living can’t be dismissed with luck or chance. There is a reason there is a high cost of living in those areas. The is a reason the cost of living is different in other areas. It has nothing to do with sunshine.
LOL What you might do NOT understand is that , I totally agree with you that the political situation has impact to certain location.
However the data shows it is not that great. Folks in Sacramento is still stay in Sacramento area. It is true in some HCOL are that they are leaving the area;. But they still living inside CA primarily. It's city issue more than state issue.However, interest rate rising, high cost of living is direct action from the Fed that prints money 600% more than usual (in 2020-2021), rather than who is in the office. As the Fed the one that control the money printing system LOL
While I do agree that high crime is directly related on who is in the local government. - Rental Property Investor · Member since 2018 · 826 posts · 810 votes3y
@Kazumi Boyd it's not a bad time to buy per se, but in high cost locations you have unrealistic sellers that truly make it an affordability issue. Sellers are looking at comps from 3-6 months back and expecting same $/sqft. It also depends what asset class you are buying, but I presume you are looking at SFH.
My current philosophy is waiting 6 months after fed rates peak to let markets equilibrate. In my market this will temper the expectations of sellers looking at historic comps.
- Member since 2019 · 7k+ posts · 4k+ votes3y
Quote from @Allan C.:
@Kazumi Boyd it's not a bad time to buy per se, but in high cost locations you have unrealistic sellers that truly make it an affordability issue. Sellers are looking at comps from 3-6 months back and expecting same $/sqft. It also depends what asset class you are buying, but I presume you are looking at SFH.
My current philosophy is waiting 6 months after fed rates peak to let markets equilibrate. In my market this will temper the expectations of sellers looking at historic comps.
Yea, here's tip, when you purchase, try to analyze and forecast long term trend. The trend has been very clear recently. In the most "HCOL" area, lets say Seattle - Tacoma area, people is moving to Spokane for example. Then you analyze the data from Redfin how's the city competitiveness score move out in last 10 years, like from here : https://www.redfin.com/news/data-center/compete-score/
Then you'd better to invest in Spokane, for example, while the appreciation in Seattle maybe bit limited.
In other example, Gatlinburgh for example, went to 600k average price from 200k in just mere five years. If your analysis is correct, interest rate may not matter that much.
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes3y
Quote from @Carlos Ptriawan:
Quote from @Kazumi Boyd:
Hello friends. My wife and I live in Oregon and we want to buy our first rental, but the interest rates and the housing prices in Portland are very high. A 3-bedroom house starts at $450k. But I'm getting the feeling to wait until after the election to see who gets into office before we pull the trigger. Without getting political here obviously if we remain on the current course of policy we will see another crash like we saw in 2008. Am I overreacting? Should I proceed with looking?
yes you are overreacting, this has been addressed thousand times in bp, to reduce risk you could buy house that the price pattern is similar to 2020-201 or also house that needs repair.
Carlos, I think it's time to just give up. No matter how many times we retell the facts, people are just obsessed with their knee-jerk analysis.
So, maybe we should just embrace it and say YES, they should all stay OUT. Sit the sidelines, be scared, and don't buy anything until..... we have a "turn-key" to sell them....
- Member since 2019 · 7k+ posts · 4k+ votes3y
Other example, Detroit,MI based on these Redfin data is showing massive new interest compare from ten years ago, that's where you want to invest , if you want to invest for cash flow and appreciation.
- Member since 2019 · 7k+ posts · 4k+ votes3y
Quote from @James Hamling:
Quote from @Carlos Ptriawan:
Quote from @Kazumi Boyd:
Hello friends. My wife and I live in Oregon and we want to buy our first rental, but the interest rates and the housing prices in Portland are very high. A 3-bedroom house starts at $450k. But I'm getting the feeling to wait until after the election to see who gets into office before we pull the trigger. Without getting political here obviously if we remain on the current course of policy we will see another crash like we saw in 2008. Am I overreacting? Should I proceed with looking?
yes you are overreacting, this has been addressed thousand times in bp, to reduce risk you could buy house that the price pattern is similar to 2020-201 or also house that needs repair.
Carlos, I think it's time to just give up. No matter how many times we retell the facts, people are just obsessed with their knee-jerk analysis.
So, maybe we should just embrace it and say YES, they should all stay OUT. Sit the sidelines, be scared, and don't buy anything until..... we have a "turn-key" to sell them....
I just tell them the secret where the free money is located LOL, btw I don't realized that Minneapolis has generated lot of interest in Midwest region.
To summary, best 10 year appreciation based on these data:
Midwest: Minneapolis,MN
Northeast: Camden, NJ , Hartford,CT.
South, Memphis, Houston, Allen Rock
West: Modesto, San Diego, Riverside
To OP, once you have this data, just compile which one that has the lousiest cap rate, and buy the land in the first two cities.
Ten years from now you will thank me LOL - Member since 2023 · 15 posts · 7 votes3y
Quote from @Jeremiah Dunakin:
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.n’t win a title. Or Elon musk doesn’t really factor into Tesla
It is because it's being exaggerated so much as it's discussed widely in social media , while the data showing it's almost meaningless. Yes political has its influence but not so much when we carefully access the data and information.
The biggest immigration after all is still going to Sacramento, these are mostly retirees age level or Baby boomers generation moving out from high-productive-economy to more retirement-area-suburb and also new development in that area, as the area is new growth.
The driving force is mostly because of high cost of living, people is moving to more affordable place. But whoever ruling the country, the high COL place is almost high COL that drives people out.
I appreciate a level headed conversation.To further here is where I differ.
The media can say what it wants. The facts are still the facts. That is an area where people have willful ignorance because the facts don’t back up their chosen party.
The data really isnt really meaningless. It may not be what we want to hear and go on emotion and feelings. The data in every American’s pocketbook says that inflation is out of control. I gave examples of main things that affect main streets money. Chicken is twice as much as it was if not a little more than twice. Gas is twice as much. A 2x4 is twice as much. In November 2020 including the huge dip from lockdowns factored in my investments were up about 45% return. They have since gone to the negatives and just now rebounded to sub 10%. That is a lot of money to lose. The cost of a mortgage 4% higher in intrest than it was. You get less house for the money. Most people it takes them out of the equation for even owning a home.
The policies of certain areas within the last 3 years have been disastrous for people. Crime is through the roof this is data not my feelings. California has had a loss of people for the first time I think in history. Sacramento might have lost people to the suburbs but I’m talking the whole state. These people and buisness are fleeing the policy of the lawmakers the small buisness can’t afford the crime major buisness can’t either and it’s becoming a passed on burden to the rest of us. These are data points.Look at the firms moving out of nyc and Chicago places moving out of Portland and Seattle. These are huge firms. They are going to different political landscapes.
The cost of living is a direct correlation of political governmental policy. California,New York, Chicago, all have common political ideas. Meanwhile Texas,florida, Tennessee all have a similar trajectory. To me that is a direct correlation. The numbers don’t lie. My company has benefited because of California regulations and had to move production out of there.
The high cost of living can’t be dismissed with luck or chance. There is a reason there is a high cost of living in those areas. The is a reason the cost of living is different in other areas. It has nothing to do with sunshine.
Klaus Schwab and the members of the world economic forum are most likely the ones who have the power to influence markets. As they are the un-elected ones funding those who set policy. Unfortunately (in my opinion from my 20+ years of research into the deep state, ruling class billionaires) my assessment is that they are doing everything they can to de-stabilize the world economy so they can usher in the pre-made solution. Which is a one world govt, currency and ultimately religion. This is not a conspiracy theory any more. They freely talk about it at Devos every year. As Klaus says "ziss is zee new world ordah". Ultimately we will not be allowed to own property. That's probably 20 years out but its coming. And that's not speculation. Its in their own literature.. Klaus Schwab said (and I quote) "You will own nothing and be happy". These people are ultra rich psychopaths who have nothing left to do but fulfill a destiny that was forged a long time ago. To some of you this might sound wacko but I don't want you to believe me. I want you to research for yourself Please. This is what I consider when investing,
- Rental Property Investor · Indianapolis, IN · Member since 2020 · 562 posts · 554 votes3y
@Kazumi Boyd my one regret about investing in real estate? Waiting. The stars will never align. The time will never be perfect. The only thing that matters is that the numbers work. So keep looking until you find a deal where the numbers work and start. Waiting won’t help.
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