Because I am so ready!
Some signs of market shift in San Jose CA area....hamean02 said:
I wouldn't hold your breath on real estate crashing.
Is bunch of cash frowned upon now...Outdoorag011 said:
Please tell me you don't have a bunch cash waiting for a big dip…. Inflation/market gains lost will kill that cash.
AggieDruggist89 said:Some signs of market shift in San Jose CA area....hamean02 said:
I wouldn't hold your breath on real estate crashing.
AggieDruggist89 said:Is bunch of cash frowned upon now...Outdoorag011 said:
Please tell me you don't have a bunch cash waiting for a big dip…. Inflation/market gains lost will kill that cash.
Malibu2 said:
My properties in Huntsville, AL purchased between 2016-2020 have tripled in value. Some of this is forced appreciation, a lot was savvy market selection, and then a lot more dumb luck in a wild market. Cap rates from 10-12 to now 5%. Crazy.
Contrary to Bonfire1996's advice, the Los Angeles portfolio is also going to the moon, albeit with annual returns merely in the 20s.
AggieDruggist89 said:
Oh I don't know about 300%. I bought in Northern Cal in 2012, rockbottom and since the property value has little more than doubled... So little above 100%? My bro in law bought in SF and his property doubled since 2013... So that's 100%.
Recently there was a record # of new listings, highest in 15 years in SF and the price is flat and or some are lowering the price. Most properties in SF I believe doubled since the crash during the past 10 years.
300% increase means a million dollar house 10 years ago is now 4 million today. What city is this?
Interest rates have to rise to get a crash and the fed won't let them rise.AggieDruggist89 said:
Because I am so ready!
Bonfire97 said:
I have come to the conclusion that there will never be a crash. Their game is to keep printing money and inflating the currency so they can pay back debt in cheaper dollars. We are all going to be paying $10 for a loaf of bread like Mexico. These fed A-holes know exactly what they are doing. Biden is just carrying this on. This started under Obama in 2008 and went on steroids under Trump in late 2019 when the fed started the injections prior to Covid. We are just now on an exponential curve. I'd like for someone to post facts proving me wrong.
AggieDruggist89 said:
I'm sure there are always anecdotes and exceptions. SURE Las Vegas condos that crashed to $25k are now $200k. But overall, the last decade appreciation in the Bay Area has been about 100%.
LOL! Cash is king when mortgage interest rates rise and people that need to sell a home are looking for a buyer. If you aren't old enough to have owned a home from 78 to 85 and needed to sell, you will not know the example I am referencing. There is no wage inflation.Outdoorag011 said:
Please tell me you don't have a bunch cash waiting for a big dip…. Inflation/market gains lost will kill that cash.
While theoretically true, Japan has proved it can go on much, MUCH longer than people think (ie. many decades at least)PearlJammin said:Bonfire97 said:
I have come to the conclusion that there will never be a crash. Their game is to keep printing money and inflating the currency so they can pay back debt in cheaper dollars. We are all going to be paying $10 for a loaf of bread like Mexico. These fed A-holes know exactly what they are doing. Biden is just carrying this on. This started under Obama in 2008 and went on steroids under Trump in late 2019 when the fed started the injections prior to Covid. We are just now on an exponential curve. I'd like for someone to post facts proving me wrong.
It cannot go on forever. I think that is the OP's anticipation.
Malibu2 said:
Imagine an economy with $1 and 1 stock share worth $1. If I fire up the printing press and add a second dollar, my share price is now worth $2. It doesn't mean the company is doing better, it just means the price has to now reflect the inflated currency.
This is why in an inflationary environment waiting for a crash is probably a bad plan.
Malibu2 said:
My properties in Huntsville, AL purchased between 2016-2020 have tripled in value. Some of this is forced appreciation, a lot was savvy market selection, and then a lot more dumb luck in a wild market. Cap rates from 10-12 to now 5%. Crazy.
Contrary to Bonfire1996's advice, the Los Angeles portfolio is also going to the moon, albeit with annual returns merely in the 20s.