stock market is the perfect example of why housing is always a safer bet

As the owner of free-and-clear investment RE I could care less about the market value - in fact, I'd rather it fall by 50% which would save me a bundle on taxes. What matters is stable rents and the availability of quality long-term tenants. If you own low- to mid-range properties in local markets based on the "eds and meds" economy rather than boom-bust industries, or exurban housing tracts etc., then this problem takes care of itself.
 
greeneveryday said:
Housing never crashes like stock market....People will pile into housing market soon , now that they realize how vulnerable stocks are . All in real estate guys
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GARBAGE !!!

property price can be as low as $500 000 during end of recession,
and as high as $2 000 000 at end of bull run.

Property market is the perfect example of stock market.

Timing is important.
must buy low sell high,
sell high buy low.
 
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People being laid off in the tens of thousands. Watch for mass foreclosures coming. There is no sure thing. Every part of the economy has a cycle. It goes both up and down.
 
greeneveryday said:
I check housing prices today around my local... No price drop at all.... Even some houses raise prices.... Amazing real estate
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Lol. It's not immediate. See what happens if the virus continues. What may support it is low rates but don't kid yourself
 
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SanMiguel said:
Food for thought: https://www.ccn.com/u-s-housing-market-could-crash-to-29-year-lows/
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i saw no mention of banks deferring mortgage payments for up to 90 days which will certainly help out the situation...the way our socialist president is handing out money im sure there will be more "aid" to come which will help prevent a housing market crash. A lot depends on how well businesses weather the storm...unemployment is going to skyrocket but employers will be looking for workers as soon as this blows over. The uncertainty is in whether or not the workers will have a place to go...I have a feeling the economy will rebound pretty fast after this.
 
I am sitting here laughing so hard at my friends who are at 40s like me... While they invested in stocks, I purchases 2 houses and both of them are worth 2.5X than the original price.... Here it is, watching this market melt down have no effect on me.... Seeing them losing money is fun. But I honestly think market will recover by May.
 
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