Just wondering how other owners look at the situation. If many people are going to die in the coming months and years, that would mean the demand for real estate would drop, and so the prices should drop as well.
So anyone considering liquidating such assets and redirect the money in something else, based on the above assumption? I mean it's almost a no brainer if you truly believe in the depop agenda...
Blackstone is buying up real estate and driving up the market. it's the "private equity" method of destruction and profiting from all avenues and outcomes.
property owners should respond to this by organizing, if they don't have one, community HOAs to exercise control over lots in the community.
getting involved in your local legislature is much more than election integrity but investment -- look into Tax Retirement Fund Associations: http://taxretirement.com
Regarding the keeping (rather than selling) of private property, my father always pounded this into my head:
"God doesn't make dirt anymore."
Real estate might be the single safest investment you can be in. It has built in inflation protection. It's real... cannot vanish like a crypto currency, cash, etc.
Hey is that why they call it Real Estate?
I have to share this story since I just heard it last night and you're talking about real estate....
My hubby has an old friend who bought a $400,000 house on 3 acres a few years ago in Florida, when the market was high.
He took a chance, and the chance paid off for him.
He stopped paying his mortgage.
Just kept his money in the bank instead.
After 3 years they finally foreclosed on him. But at this point the house was worth less than half. Since he was saving all of his money in the bank, he hired a lawyer and took the mortgage company to court.
He settled in court for a $168,000. He now owns the house, mortgage free.
What did he take the mortgage company to court for?
I believe he took them to court to settle the foreclosure, but with his lawyer he fought owing the full amount bc the house lost so much value.
Not right now - I have a lot of family who might find themselves in financial trouble between the vax pressure, businesses closing and inflation - I want to be in a position to help them out if they are displaced.
Awl, what a good heart you are.
Not usually haha!
I've been considering it.
Being that my other two places are like subsidized housing for my in-laws, I will probably have to just hold on to them. Fortunately, I do not have mortgage on either.
Plus the ensuing riots will probably burn down sufficient number of domiciles to where it will all balance out.
I personally wouldn’t. Be better to try renting them out, that way you have a cash flowing asset. Rentals and commercial real estate a valued differently than primary residence real estate. Their value is based more on the income they produce, so they tend to weather economic storms better than houses people just own and do nothing with.
Better get permission from the CDC to rent, lol.
A bit offtopic but I only have one property and right now I'm planning to stay in place and ride it out. I like many expect another housing market crash coming and the last thing I want to do right now is try to move and potentially end up in a different overvalued house that could go underwater when right now there's pretty much no way that I could end up in such a situation as I owe less than what I paid at the bottom of the last market. I do know some people who sold now thinking this is near the peak and are renting planning to buy back in later in the next dip but given how rent is skyrocketing while my mortgage payment remains the same that seems like potentially a worse situation than risking the house drop in price to where I just end up breaking even later on. Those people renting might have their savings erode so much in the meantime they might not be able to buy back in later especially if the market doesn't go low enough.
If I owed money on it, I would sell it. If I owned it outright I would keep it.
Hold whatever real estate you have and DO NOT SELL. That just opens the door up for big corps, banks and mortgage co's, and billionaires like Gates to buy up the properties.
I have over 200 acres of land thats used for farming and cattle grazing, I mean its plausible but there's no buildings here. Unless we could sell a chunk of like 5 acres and that be 3 or 4 houses worth of land.
How many times has Feinstein dropped the asking price on her Lake Tahoe property?