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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: JohnyP who wrote (69574)	1/22/2022 12:21:31 PM
From: Madharry	1 Recommendation Recommended By Lance Bredvold Respond to of 78475

there are always discrepancies in world wide real estate prices. at one point new york city real estate prices were stupidly cheap compared to other comparable cities . that gap ultimately closed. I happen to think where I live continues to be relatively cheap though prices have increased by a third in the past two years. I believe that the trend for average usa real estate price will continue to increase .1. there was quite a long period of underbuilding. 2. because of covid, amazon, food deliveries, people will be staying in their homes a lot longer than they used to. My friend has older parents, One has dementia, the other had a stroke which curtailed his mobility. Year ago my friend purchase the apt next to him thinking eventually parent would move there. Parents do not want to move. they get all their food delivered they have some home health care and are staying put for now. they are for sure not going to nursing home. 3. costs of building new homes increasing strongly. Now I dont know how people are affording $800K plus for a house but $400k is looking more and more likely. I think when i visited norway about 30 years ago thats what houses were going for in oslo. 4. owning property continues to have tax advantages. even for people on social security. the rate on my 30year mortgage is now 2.25% . I dont plan on paying it down any time soon.