...even as rates have stayed low, the RE mkt has slowed down a bit ...i think unlimately if rates ever actually do go up, we'll see a quick slowdown. funny thing is that no one actually connects rates with housing - everyone thinks "it couldn't go down here or there because of XYZ...". DC, NY...
You haven't heard about what the auto manufacturers are doing? What world are you in?....if you haven't heard about the car makers, then forget about "hearing" anything about the builders...good luck bro.
1990 wasn't that long ago but people, as they always do, forget bad times fairly quickly...."this time it's different". We may not be AT the top but I'll bet we're closer to the top than the bottom. The real reason we have these pops is that people are dumb and greedy. Human nature just never...
I can only hope you're right about this one. Unfortunately, I'll be very very old in 50 yrs, IF i'm around at all...so by then, I can hope this damn world will be better for my kids!!
If you can manage properties in Pennsytucky and Padookaville, while living in a decent city in the US, all the more power to you. I was speaking about residential property somewhere in a major city.
A friend of mine knew a mobile home property owner and said getting your rent from them is...
greeeeeaaaaaaaat ! let's rent out dumps to college kids (i'm sure they'll pay 3-4k per month...) and then sit on our boats and collect. sounds great! let's get in on it! i'm not sure where you live but in most parts of the united states (except nyc for now), you can't even rent a 500k home...