He is in real estate game!
And to get ahead of the hyper-competitive market and ensure they won the bidding, they decided to waive their inspection.
Thought only in CA. In Austin, everybody buy houses with inspection.
According to Real Estate Witch, home values increased nearly 20% between September 2020 and September 2021, with many millennials maxing out their budget and then later regretting it.
Don’t understand the buyer’s remorse. Say purchase price is $1M, 20% gain is $200k, spent $20k in fixing HVAC, air-con and plumbing issue is peanut. Do a cash-out re-fi then if have cashflow issue or just borrow from your dad.
totally disagree. so much money still sitting on sidelines…and interest in buying
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Just checked my Zestimate for laughs. Says the place has doubled in value since I bought it in 2018 and gone up 5% in the last 30 days. But as we all know, particularly in rural areas, Zestimates zuck.
Redfin can’t find me 
.
Are there any places where prices didn’t double?
Multiple ouches.
BF nowhere AZ?
Tried my desert property just for laughs. Not even Zillow can find that! And, if anything, it appreciated more. I get 5 “want to sell” junk letters on it for every one I get about my primary.
Landlords also lose out since can’t pass increase in property tax and maintenance to tenants. Only the government gains.
One of the advantages to buying a home is that mortgage payments can be cheaper than renting — provided you have enough money saved up to afford a down payment and other costs of being of a homeowner.
Above ignore the opportunity of investing the downpayment which may yield higher return than the house appreciation. Anyhoo, I am not aware of places where rent is higher than mortgage payment. I am talking about SFH.
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