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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Real Man who wrote (57749)4/25/2022 8:17:52 AM
From: robert b furman2 Recommendations

Recommended By
ajtj99
Sun Tzu

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As long as rental rates support buying a home, paying cash and renting it while it is being depreciated, the low end of housing should be supported with very firm prices.

That scenario is a much more safer investment than selling to first time buyers, with poor or no credit with very little to zero down and hoping they don't mail the keys back to the lender when layoffs begin.

Keep in mind a 5% mortgage is historically cheap money, unless you are a millennial.

As rents go up, there is a case where first time buyers are stuck with renting, and priced out of the market.

Their only alternative is renting lower end properties.

My impression of Europe is many adults are lifelong renters.

Owning property is the realm of savers and stable employees.

There is a large class of people who never strive to own property. I know plenty of folks like that.

They provide great stability in investment home ownership deemed rental property.

Keep in mind the world is awash in money, and many a low price rental property is still sought by the investor class. Thus firm low end housing prices.

My realtor friend in Wisconsin says any house less than $150,000, sells the first day on the market for 15 to 20 thousand over the ask.

Bob
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