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

greeneveryday · Mar 20, 2020

I can literally call my agent up and say hey I wanna sell my house in cash, and I can sell in same day with at least 10-20 offers... I am in Orange county California area. Asians love it here... Houses won't ever go down when you have a long list of waiting buyers.

SanMiguel · Mar 20, 2020

It will be worth bookmarking this thread to review in a few months

Buy1Sell2 · Mar 20, 2020

California is NOT where everyone wants to go to retire. In fact, recently U-haul charged a lot of money to rent from CA to TX, but charged very little to go from TX to CA.

murray t turtle · Mar 20, 2020

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

%%
WELL since QQQ has gone up 100% in uptrends + down 80% in bear trends, think it could happen again?????I like real estate +stocks/ETFs.

And while I like real estate + stocks/ETFs...….
FLA Real estate has gone to below zero, counting taxes owed. But that is related to over leverage, more than a wild sand state………………………………………………………………………………………………………………

greeneveryday · Mar 20, 2020

Estate might have lower return per percentage but the amount is huge. My first house was bought in 2010 for 450K and it's worth over 950K at this point.... That is 500K profit.

d08 · Mar 20, 2020

greeneveryday said:
Estate might have lower return per percentage but the amount is huge. My first house was bought in 2010 for 450K and it's worth over 950K at this point.... That is 500K profit.

How old are you, I'm seriously asking.
Real estate price changes lag behind the equity markets.
What about people who bought in 2007?

maxinger · Mar 21, 2020

greeneveryday said:
Estate might have lower return per percentage but the amount is huge. My first house was bought in 2010 for 450K and it's worth over 950K at this point.... That is 500K profit.

Ha. Almost same situation as mine.

I am waiting for next recession so that i can buy property at dirt cheap price

greeneveryday · Mar 22, 2020

Estate won't crash again....rate = historic low... No inventory = up up up

zghorner · Mar 22, 2020

na·ive
/nīˈēv/

adjective

(of a person or action) showing a lack of experience, wisdom, or judgment.
"the rather naive young man had been totally misled"
- (of a person) natural and unaffected; innocent.

monee · Mar 22, 2020

Specterx said:
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.

Not sure what taxes you are referring to.
If rents go down your net is less so you will pay less Income tax.
If your assessment goes down the town will raise the tax rate to achieve the amount of money needed for their budget.