lol @ goldCUCKS. if you believe a massive crash is coming you should be in 2 year t-bills ready to pounce at the bottom or ammunition if you think there will be a societal collapse. Nobody will be bartering with gold, they will simply take things from you.

They were before COVID, and especially during COVID, in "areas of demand".

The "real estate market" is not homogeneous across the U.S. So buying properties for rental income makes sense in specific markets - and those continued unabated during COVID, even with the fall in rents and property prices. Now, places like NYC are facing record high - and month to month breaking that record - housing prices / rental income spikes.

Those who didn't feel the need to sell during COVID (and mind, some folks did - making a killing on a place they had purchased 15 years before, and moving to Connecticut and buying a big house, better schooling for their kids, and an easy commute to NYC for the obligatory 2x per month in person requirement) were insulated from the fluctuation.

When you say "houses simply won't be what everyone's rushing into" - it isn't "everyone" who is capable of even playing this property game in the first instance. Just like currency trading is done by a select few, or other 'hustles' that require a semi-significant amount of capital to start. But those that do play the property game can continue to - so the smart ones aren't affected by short term dips in the market. And this 'market crashing' is hilarious too, for those folks, who will make out like bandits in any jurisdiction of interest.

He knew........he has given me soo much guidance over the years that missed opportunity is more of me giving him crap then actually crying over spilled milk. Over the years, there have been many MANY opportunities missed. And some captured.
Life goes on.

They weren't though, not in a lot of these extremely hot markets. I remember looking at houses in Cape Coral, FL for years prior to the lockdowns, and really nice houses would sit on the market for 180+ days, for $190k. Where were these investors then? Investors seem to be just as prone to mob mentality as the average person.

Now those same houses are close to $500k, and suddenly it's a good idea to buy?

The office I bought last summer now has a lot of those similar office parks popping up in the vacant lots right near them. It's like all of a sudden they can't build fast enough. That same builder reached out to me to see if I was interested on going in on another one. However, I had my eyes set on a single family or multifamily as a next purchase so I'm pretty conflicted.

I'm not sure about other areas but I'm glad Austin is still booming with growth. I'm not one of those locals that care that Austin is no longer "Austin" I haven't been here long enough to know the difference.

FL was the #1 gainer of high income individuals.

https://forum.obnoxiousbrutes.com/showt...t=follow+money

Also:

Sounds like a reset that's the exact opposite to the Great Reset agenda crap. Yes, a crash of mega bubbles is probably necessary. S&P below 3300 as an October [non] Surprise?

I say China does nothing against Taiwan. It would require a hell of a lot more effort than people realize. And China is way too dependent on energy and food imports from countries that can be pressured into embargoes.

The general scuttlebutt I've found:

- BRICs attempting a new gold [silver?] backed digital reserve currency

- the US [NATO? WEF?] planning to implement a digital dollar based on the same thing as the US$ is currently based on, namely US military supremacy/hegemony

- the WEF planning to implement a digital currency based on data, and [more CT] that data could be somehow harnessed or collected using something in the covid vaccinations which is why they want everyone to get a lot of them with the original schedule being 10 doses per person

It's coming any day now. Just keep copi... I mean hoping rentcels and one day soon it will be your time to shine!

[QUOTE=katya422 post_id=1667143463]FL was the #1 gainer of high income individuals.

[URL=https://forum.obnoxiousbrutes.com/showthread.php?t=181596543&highlight=follow+money]https://forum.obnoxiousbrutes.com/showt...t=follow+money[/URL]

Also:

[img]https://i.imgur.com/AvZkYPk.png[/ig][/QUOTE]High income earners are moving to Cape Coral and Lehigh Acres? Have you ever been down there?

What about the ghettos of Phoenix that have sometimes tripled in price? Buckeye? Nogales on the Mexican border in Arizona?

You're from Texas, right? What about areas an hour or two outside of San Antonio? It's flood prone, remote, and the landscape is nothing special, yet prices are up $200k. I just don't buy any of these explanations. These are inflated and unrealistic prices, long term.

Says they just lowered it 250k

Investors don't move because you say they should. X investor moves because it makes sense to him/her, and each investor has a separate calculus. You keep pushing a "mob mentality" argument without proof, or basis. This isn't a new hyped cheesecake shop opening in NYC; it is a very old form of investment.

People have engaged in "property speculation" before you were born. This helped move urban sprawl in many cities, e.g., what is now Richmond Hill outside Toronto but in the late 80s. When a property market is saturated, each investor will run their own calculation. It doesn't fit a 'mob' mentality, but there may be overlap in "tanking prices for Midtown East apts in Manhattan" and interest groups wanting to add a few to their existing portfolio.

Some property investors diversify (I do), but property is one of the best ways to garner relatively passive income in perpetuity.

I'm not that knowledgeable about FL.

I think that both states obviously have gotten a rush of incomers fleeing overly controlling state and local governments.

With FL maybe some people who would prefer south FL are being shoved into these less desirable areas due to lack of housing supply where they really want to go thus increasing price pressure more broadly.

That could be part of TX also, though it is harder to explain an increase in prices for land that may not be practical to build on/live on.

I've said that I believe that TX could stand alone as a separate country and I meant it.



We would have borders with two relatively wealthy countries [US and Mexico]. Our electric grid is not connected to the national grid. We have production and refining capacity for oil and gas. We have our own ports; one which could be developed into a major deep water port.

For real- if the world doesn't blow itself up first -TX should be building nuclear plants for base power to supply all of our major cities.

I just read about a company that is working on becoming the major miner of rare earth minerals from the ocean bed and they are looking at setting up their refinery in TX- srs.

Also, high earners buying property in X doesn't mean they live there.

wwwDOTcitysignalDOTcom/billionaires-row-the-empty-houses-we-can-never-afford/

And this isn't exclusive to billionaires' row.

The purchasing of those properties at that price point keeps the prices high, and even in cases (like billionaires' row) where demand is less than total supply, the fact that the supply is so severely restricted in its own right keeps the prices up.

This example ^ showing why prices in certain jurisdictions stay high, even when seemingly "inflated". The folks calling for some massive market crash seem to be wishing on a shooting star. It may 'dip', and watch what happens when it does - like it did in COVID.

Correct. In the midwest and the northeast (exception to NYC, Boston, DC) they're all "what housing bubble? My house was valued at $175K a few years back, it's $185K now." Meanwhile here average prices went up a steady 10 or 12% total in the 3 years pre pandemic. They just went up over 50% in 2 years. It takes a "special" kind of denial to believe that's not going to come crashing down. So while my parents' house in Buffalo will stay about the same price, my neighbors that paid $650K for a house that was $380K pre pandemic are in for a rude awakening.