BREwmaster said:
non stonk Q for those in real estate (especially if you own multiple properties).
Are you all selling this crazy real estate rip? I don't know if blow off tops exist in real estate, but it certainly feels like one!
Our neighbors just sold their house for something crazy like 75% over what they paid for it 7 years ago (when it was new). It is very tempting to sell and sit on the cash for a bit and wait and see. I think the spending of our politicians is going to catch up soon.
Way behind and working to catch up. On page 4453.
Trying to get the family estate sold. Couple farms and commercial property. Interviewing real estate agents. So far, the "named" agents are low balling the property value, maybe to buy for themselves or do a favor for someone else to buy. Based on the prices of sold properties within an 8 mile radius, there is no doubt I am receiving bad info. I bring up the comps to help these professionals out and all of a sudden they go neutral. Pretty disappointing but there are many more realtors to interview. With all that being said I think it's time to strike while the iron is hot, especially in TX. I'm a palms-out seller. (In our area from the 70's to April 2020 farm ground saw minimal to zero appreciation. From May 2020 to present its been to the moon and beyond) I'll reinvest the proceeds I receive in the land, but likely will re-invest in KS, MS or SD.
BTW, if anyone has a direct contact into TESLA real estate department for charging station property potential drop me a note at XXXXXXXXXXXXXXXX. It's harder and more difficult to reach "a person" in Tesla then the company I retired from and that's saying a lot.