Vultures are circling.
Invitation Homes Seeks $1 Billion to Cash In on Housing Slowdown
Rental company is on the hunt for a joint venture partner
Single-family rental landlord oversees more than 85,000 homes
Austin, Texas was ranked as the number one city experiencing declines in home prices. The median home price in the city is $558,275, which is 10.3% lower than where it was in June. Since September 2021, home prices in Austin have increased 2.2%.
Even tier 1 cities in RBA are now below pandemic price.
2 Likes
If you account for time spent, fees, commissions, property taxes, insurance and mortgage internet, he lost money, even after subtracting the rental value of that tier 3 home from his costs. So after holding RE for 2 years, he lost money not made.
Be practical not blind and dumb.
1 Like
How much time & efforts millions of people spent on stocks and how much they lost so far YTD when stocks dived down. Trillions lost…so far.
Compared to this, making even YTD 1% is good return and this one is 10% really great.
If you have job or business, wait and see what happens to it soon. This is like year 2001 and 2008 downturn, it would leave without biting any one in one way or other.
It pretty hard to go through this cycle.
Cherry pick often? Maybe this will justify your 50% loss predictions. Houses priced wrong never sell. Does not mean they dropped in value. Just mean the seller was clueless about the value.
1 Like
Renters Hit Breaking Point in a Sudden Reversal for Landlords
Rent gains are finally starting to slow in many parts of the US, cooling a years-long boom that sapped affordabilityfrom coast to coast. Landlords have little choice but to ease off big increases: Demand from tenants is suddenly sinking.
“Rents have had a historic run-up, way beyond what fundamentals would justify,” said Susan Wachter, a real estate professor at the University of Pennsylvania’s Wharton School. “The Fed will not ease up until inflation abates, which requires rents to slow, the sooner the better and the harder the better, for quick relief.”
Not good. Decision to wait till Q1 remains.
Builders Say They’re Ready for This Housing Slowdown. ‘I’ve Learned My Lesson.’
Meltdown of 2007-09 fostered less risky tactics; not as much debt
It’s all good.
They have justification to lower lending standards again in the name of more equitable financial inclusion. We all know how this ended last time. We should get a great run before it all collapses again.
5 Likes
Surging Rents Push More Americans to Live With Roommates or Parents
Apartment demand in the third quarter was lowest of any quarter since 2009
.
.
Buyers will wait for lower mortgages. Vultures will wait for lower prices. Not a smart time to sell
2 Likes
What do you think about assuming mortgage? Don’t you think this would become more famous now with high interest rate?
In fact, it’s a great time to sell. Lower prices are coming !
Yet right, troll… of course you aren’t selling but want everyone else to. Let’s see it you can convince one person on this forum to sell.
2 Likes