I’m looking too. I’m finding some homes are going for about what they should be priced—even in Florida. You can find a decent condo near Delray on the east coast and near Ft Myers on the west for under $200,000. You have to be ready to buy and to jump quickly, but not everything is going for double what it should be. Particularly in a condo complex, you can’t double the price when the place next to you went for half as much. No one would buy anything in the complex if they were scamming or over-inflating.
South Carolina has some decent housing that doesn’t feel like you’re being raped. Much lower priced than Florida. The Charleston area is dynamic and worth looking at.
I’m just in the frame of mind that A) Something big is coming if not stopped B) Hard assets are the way to go C) warmer climates continue to lure and fascinate and with some good research, you can make a good investment there and D) There is no price tag on happiness. We’ve all seen that life is pretty fragile these last two years. Live somewhere that fulfills your soul. Where you live is the most important choice you can make. It accounts for a lot of your life.
This is a typical Real Estate cycle. I've been watching RE since the 70s. The RE cycle repeats itself in the same way. The government exacerbates the cycle with stupidity. Take for instance the Dodd-Frank bill which caused the RE bubble to burst in 2007. Whenever the government manipulates the process it gets worse.
Big Corporations are buying RE at a higher percentage then in past cycles. This causes a run up in the market. The Fed is going to squash this RE market by raising interest rates to bring down the inflation rate which is caused by the DOLT in Chief. The current inflation is caused by a tripling of fuel prices. Fuel prices affect EVERYTHING. As the market cools, people who got in at the tail end of the pyramid scheme will have to wait 5 years to be able to sell their house at the price they paid. I remember when interest rates for housing was at 18% during the JIMMY CARTER years. LOOK IT UP. People were happy to get in at that rate because the threat was they were going to go up to 25%. My advice is to wait it out. If you want to move, then move and rent for a few years. You will save money in the end.
I’m looking too. I’m finding some homes are going for about what they should be priced—even in Florida. You can find a decent condo near Delray on the east coast and near Ft Myers on the west for under $200,000. You have to be ready to buy and to jump quickly, but not everything is going for double what it should be. Particularly in a condo complex, you can’t double the price when the place next to you went for half as much. No one would buy anything in the complex if they were scamming or over-inflating.
South Carolina has some decent housing that doesn’t feel like you’re being raped. Much lower priced than Florida. The Charleston area is dynamic and worth looking at.
I’m just in the frame of mind that A) Something big is coming if not stopped B) Hard assets are the way to go C) warmer climates continue to lure and fascinate and with some good research, you can make a good investment there and D) There is no price tag on happiness. We’ve all seen that life is pretty fragile these last two years. Live somewhere that fulfills your soul. Where you live is the most important choice you can make. It accounts for a lot of your life.
This is a typical Real Estate cycle. I've been watching RE since the 70s. The RE cycle repeats itself in the same way. The government exacerbates the cycle with stupidity. Take for instance the Dodd-Frank bill which caused the RE bubble to burst in 2007. Whenever the government manipulates the process it gets worse. Big Corporations are buying RE at a higher percentage then in past cycles. This causes a run up in the market. The Fed is going to squash this RE market by raising interest rates to bring down the inflation rate which is caused by the DOLT in Chief. The current inflation is caused by a tripling of fuel prices. Fuel prices affect EVERYTHING. As the market cools, people who got in at the tail end of the pyramid scheme will have to wait 5 years to be able to sell their house at the price they paid. I remember when interest rates for housing was at 18% during the JIMMY CARTER years. LOOK IT UP. People were happy to get in at that rate because the threat was they were going to go up to 25%. My advice is to wait it out. If you want to move, then move and rent for a few years. You will save money in the end.
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