Were earnings in Housing pulled forward due to Covid?
Monday, June 06
We are seeing in the stock market that various companies earnings came earlier than expected. Basically Covid-19 made certain "stay at home companies" more profitable since everyone was staying home, watching Netflix and ordering from Amazon. The same could be said for housing. All the people wh...
Who will buy my flip?
Monday, June 06
Months ago buyers were reaching out to me every day looking for properties to flip. Now they are not. Why is this? There are fewer buyers for the flipped properties. What a lot of people don't know is that the demand for housing right now is being led by owner occupants, many who are FHA buyers. ...
Now is a HOUSE PICKERS market
Monday, June 06
Since 2009 the Stock Market has been basically a Bull Market where no matter what you did you would have done fine. You could have picked any Mutual Fund or Index fund and be up over 300% since 2009. But recently we have seen the stock market drop almost 20% recently. People are running from the ...
Home Replacement costs are HIGH! $200-300/Square Foot
Wednesday, June 01
I received a note in the mail today from my homeowners insurance company in reference to my 2 Family in Worcester. A couple take aways: Property Replacement Cost estimates are up 15-21% year over year Material cost increases: Copper wire +156%, Lumber +41%, plywood +88%, PVC pipe +45%, Labor cost...
Homeownership in Worcester is only 40%
Wednesday, June 01
I was reading the Worcester Chamber of Commerce summary of their condo study and a couple statistics stood out to me. Worcester has the 14th lowest homeownership rate in the country for mid sized cities. About 60% of the city's residents rent their housing Those that rent spend more on housing co...
Never rent to Tenants who have CARS
Wednesday, May 18
This follows on my Blog about how expensive Rents and Utilities have become. Let's go through the bills that get paid in a basic order for a tenant. Cell Phone- they might turn it off if you don't payFood- obvious reasonsCar loan- they will simply take your carCar insurance- you really shouldn't ...