Miss the big jump in Austin. Didn’t have time to go to Austin till one year later, prices shot up by more than 30% from when I wanted to buy… no choice bite the bullet and bought From % appreciation wise, so far, SV is better.
Mind blowing 220+% according to Redfin. Expensive houses become more expensive faster???
A couple of my neighbors are also landlords who bought a whole bunch of cheap condos back during the downturn… both of them are old retired ladies… one bought about 10 units with a total of $2M gain on paper… the other one bought about 12 units also with the same amount of gain… yes I’ve been keep track of their holdings carefully ever since one of them tried to accuse me of water damage to her unit from my unit…
Hey, stop dissing other people’s investment acumen and show some respect! And what have you done investment-wise in the past that is worth talking about at all?
Come on, condos are for losers. Winners buy SFHs, multi units!!! On those house flipping shows, do they flip condos? No, they flip houses!!! Why buy an apartment and subject yourself to a HOA board who can control your life and desires?
Why go with Plain Jane if the Prom Queen wants you???
But assuming you did have the resources to play with the big boys you would right? Obviously, if funds limit the game stakes of course you do what you have to do. No one is telling you to leverage out of your mind to just own a SFH. I still go back to basic Econ 1, supply and demand. Would you rather own the limited ones (SFHs) or the freaking increasing numbered ones as we speak (condos)?