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Well it's two sided though. As home sales decline the cost of homes also decreases since less demand. So yes interest rates raise but house prices should decrease. Other factors are involved as well.I think the housing market bubble is going to slow down after the interest rate increase. People will start to think twice about purchasing a home. This is what I was worried about when we were trying to sell our house. There was talk about them raising it back then.Housing starts tumble from a 9-year high
That's if you need to take out a loan for a house...I think the housing market bubble is going to slow down after the interest rate increase. People will start to think twice about purchasing a home. This is what I was worried about when we were trying to sell our house. There was talk about them raising it back then.Housing starts tumble from a 9-year high
Not really no. Housing isn't something to think of as an investment really, unless you are flipping them for a living.Prices go up - great your house is worth more, but if you sell all the other houses are up too and you aren't going to come out ahead buying something else. At least not much, other than if you can haggle a little bit on your purchase and stand firm on a sale price, but the net gain is minimal at bestThat's if you need to take out a loan for a house...
Completely agree.Not really no. Housing isn't something to think of as an investment really, unless you are flipping them for a living.Prices go up - great your house is worth more, but if you sell all the other houses are up too and you aren't going to come out ahead buying something else. At least not much, other than if you can haggle a little bit on your purchase and stand firm on a sale price, but the net gain is minimal at best
Prices go down - your house is now worth less. other properties are cheaper, but you won't make as much on a sale, so pretty much the same scenario
The only way to invest in this would be to sell when prices are high, then live in limbo renting or mooching off family/friends that will let you stay with them until at some point prices drop where you could buy a nicer place at a lower price.
Do property managers have insurance in case the tenants damage something? Just wondering if it works this way.I used a property manager for my house when I rented it. I negotiated a 6% management fee. They screened and selected the tenants based on certain standards of the house owner (me in this case), but I just had to trust them. The property manager also interacts 100% with the tenants, so I didn't have to worry about all the little things or big. But yes, there is still risk, in the future, I would do condos or apartment complexes, but there's just a dirty feeling about thinking about being a "landlord" in the long run.
I am surprised to see it drop, I don't see a reason for it to. You have upcoming wall, new regulations, and a pending war. Seems Strange.It crossed my mind but not something on my radar at the moment. US Steel ($X) dropped 27 percent yesterday. You could consider that a buying opportunity perhaps. Pretty volatile to say the least. You can make money that way but you can also get hurt.