re: This crazy real estate market

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We have a few rentals in some less desirable areas and a realtor is trying to convince me to cash out but I like the monthly cash flow.

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The current market has to be gutting the small time rental investor. I guess that's a sideline/retirement plan that's dying now.

Ours are paid for so I am in a better position than some but yea I imagine there are several hurting

I am currently looking for mobile homes to put on some property in Ragley. I wanted to build some metal building apartments on it but apparently, in LA you would need a commercial sewer system and a retention pond for that. Which would cost me tens of thousands of dollars all in.

I can take the same property and put up to 5 mobile homes on it on a single residential mechanical sprinkler system. No retention pond is needed and a residential system last I checked was around $3500 to $5K depending,

How stupid is that?

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There are differences by race and ethnicity in the share of prime-working-age adults who are partnered and unpartnered. Among those ages 25 to 54, 59% of Black adults were unpartnered in 2019. This is higher than the shares among Hispanic (38%), White (33%) and Asian (29%) adults. For most racial and ethnic groups, men are more likely than women to be unpartnered. The exception is among Black adults, where women (62%) are more likely to be unpartnered than men (55%).

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A 10% increase in people living "single" the last 25 years.

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Roughly three-in-ten unpartnered men (31%) lived in the home of at least one of their parents in 2019

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Baws living in momma's basement.

Average age of first marriage continuing to climb also.. 30.5 men and 28.1 women.

Rental market and smaller homes...

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This board also predicted the 2008 crash years ahead of time. Saved me a lot of pain.

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I remember people in the Tampa area when the Florida bubble popped. Everyone was buying up spec homes to turn for a profit a year or two later. When it popped, homes that had sold for $400k dropped below $200k. It was a blood bath.

I bought a house in Roswell in 2014 for $113 sq ft. Sold it in 2017 for $131 sq ft. It has since sold twice for $145 sq ft and $172 sq ft, respectively.

We moved to a lower priced market when we left, so felt like we were making out like bandits at the time.

Should have rented that bitch for a few years and sold it now. Hindsight being 20/20.

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I remember people in the Tampa area when the Florida bubble popped. Everyone was buying up spec homes to turn for a profit a year or two later.

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Yeah I know three people that lucked into buying beach front condos at just about the perfect bottom timing and have made out very well on those investments. Damn them.

Black rock is going to dominate if this continues. These rental communities are just another step towards socialism.

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Didn’t want to risk the maintenance costs eating at our savings.

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You’re doing it wrong.

Zillow is saying my home is now worth 30% more than I paid to build it in 2020. Not building another home, but we are looking at existing houses already with the thought of selling at the 2 year mark.

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How high do you think interest rates were in the mid 80s?

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What was our national debt in the 80s at that point?

Raise interest rates to 4% and tell me what sort of increase fedgov would have to pay on that debt this year. That's approximately what, a $1.2T increase in federal costs? You think fedgov is going to cut $1.2T in dedicated spending to cover that increase?

This isn't a perfect correlation due to the types of bonds issued, but fedgov didn't lock in a set interest rate on the debt issued and any interest rate increase is going to be felt HARD when servicing debt moving forward.

Forbe article kind of touching on this

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The federal government has about $22 trillion of debt held by the public. (Some of its debt is held in government trust funds, such as for Social Security, so interest is both an expense and an income to the government.) Last year interest on the debt came to $413 billion, with a low average interest expense of about 1.5%. (Calculation of average interest is complicated by floating rate debt and inflation-adjusted debt as well as the timing of debt issuances and maturities. This is ballpark estimate.)

What would happen if interest rates rose by, say, three percentage points for both short-term and long-term interest rates? The short answer will sound like it is coming from a proponent of bigger spending: not too much. But the “not too much” answer comes in the context of trillion dollar deficits, with more on the way. It turns out that interest expense is not the big item that the United States needs to worry about.

The maturity of federal debt ranges from next week to 2051. Thirty percent is due within the next 12 months, with another 13% in the following 12 months. It’s a great puzzle why, in an era of historically low interest rates and projections of high future deficits, the U.S. Treasury did not lock in low interest rates by issuing more long-term debt and less short-term paper. Whatever the reason, our hypothetical increase in interest rates will boost net interest expense on 43% of the debt in the next two years, adding about $240 billion to federal outlays. (The exact amount depends on the timing and maturity schedule of new debt issuance.) Let’s round that to a quarter of a trillion dollars. That’s real money but small compared to our overall outlays, especially small after Congress passes multi-trillion budget reconciliation and infrastructure bills.

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The debt is now almost 50% larger (approaching $30T) than when this article was written, per the US Debt Clock.