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Posted on 2/12/23 at 1:09 pm to KillTheGophers
Wait for the housing crash and people start uploading them
Posted on 2/14/23 at 9:39 am to KillTheGophers
Owners have experienced some nasty expenses lately. In OB due to Hurricane Sally, Covid, and that freaky hail storm… many had significant increases in both owners’ and HOA insurance. Plus…. many have had some big assessments.
All this plus the supply and demand issue really pushed rental rates up last year.
All this plus the supply and demand issue really pushed rental rates up last year.
Posted on 2/14/23 at 9:43 am to jmarto1
quote:
Wait for the housing crash and people start uploading them
Everyone’s been predicting this house crash for almost two years. While prices are decreasing on big homes in my area, I’m don’t believe there is going to be a “crash”.
Posted on 2/14/23 at 9:47 am to KillTheGophers
I’m heavily considering too, but rates have shot up and the prices haven’t wavered. Every time I book a $5-7k beach trip for the family I cringe. I want a 3/2 but with the prices they’re commanding I’d have to put down 50% to be comfortable enough to feel like I wouldn’t take a beating in a recession.
Posted on 2/14/23 at 12:07 pm to Slickback
Had a good talk with a CPA yesterday. He stated that many flush with cash don’t want to put it into the market, so they are buying condos or vacation homes……knowing the prices are still elevated but at least their cash investment is spinning off some rental income.
He stated that if money market rates stayed above 4, that the spending spree will slow down.
Also, he stated that 1031 activity is driving some of the condo purchases.
Biggest point - those with cash / wealth deploy their money into assets that they believe will provide a suitable return. Some may never step foot in the condo - try to rent it 52 weeks out of the year.
He stated that if money market rates stayed above 4, that the spending spree will slow down.
Also, he stated that 1031 activity is driving some of the condo purchases.
Biggest point - those with cash / wealth deploy their money into assets that they believe will provide a suitable return. Some may never step foot in the condo - try to rent it 52 weeks out of the year.
Posted on 2/14/23 at 3:06 pm to KillTheGophers
That is highly accurate
Posted on 2/14/23 at 6:27 pm to Double Oh
Absurd prices right now
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