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I could see this happening—and once it does—I will be looking to acquire another investment property or two. The pool of buyers might be shrinking—but the pool of renters will probably go up in the next several years. A moderate to significant drop in the price of housing will be an opportunity just like when the stock market hit its bottom.
65% of profit staring me in the face in under a couple of weeks.......sorry....but that is something I take. Especially on a stock that I would have never touched if we did not have this rapid downturn.
It all depends where you live. In my neighborhood we only have 2 homes for sale and i will be a third in June after I close on my new home. My house will not last more than 30-45 days.
I was up ~24% on my oil bets and sold about a little more than that on my positions at close yesterday. Still like the long term play (and dividends for now)
I think you will see the first time home buyer market (homes under 450K) get hit the hardest. That is where I see the biggest job loss or recession hurting the most. The move up buyer.....there has never been a better time to move up with mortgage rates this low. So you may take a 7-10% hit in a short term downturn in housing.....but over 10 years....you will be fine.
I have to think getting listed would help. I would think that would be a priority of theirs right now. Think about all the mentions people here have had about having issues purchasing on various platforms. Also opens them up more institutionally.
But you'll sell at/near the close, right? Hypothetically, wouldn't someone have to be bat-#### crazy to hold, say, TVIX over a holiday weekend?
Some good houses and good investment properties have popped up in our neighborhood. Sadly, already have cash tied up in a rental and don't feel like moving to a bigger house at the moment.
Same here in Denver, over 20% of inventory was removed from / taken off the market in the last 2 weeks of March. People are spooked to sell and what buyers there are, are fighting over what little is available. We are near an all-time low for seasonal inventory, no one wants people coming in their homes or they are worried about losing their job, etc. etc. I think it's going to be a very weird year with probably multiple offers and big increases (we are currently 7% over last year which is insane.) Followed by a glut once everything settles down and the real economic pain sets in.
12 days ago I listed a home on a Saturday at 2pm. By 7pm, six groups had gone to see it. One offer came in 7k over asking. Three groups came in Sunday by 11 am. We took the offer from Sat at 2pm. I've since had two agents message me they have a cash buyer if the deal falls.
They're all over it but they need a higher stock price and more cash. They have to continue to execute to for the stock price to go up and they have to secure one of the loans they've mentioned for the cash. Alternatively, if the drug is approved by the FDA for C19, both issues should take care of themselves.
I am getting a JUMBO loan....no issues. Closing June 6th most likely. All depends on your market and credit and income. Not dead at all. First time homebuyers.....another story. But move up buyers should be fine. As long as you qualify.
Right. I think this is going to be a big problem. The pool of buyers and potential buyers has shrunk. With unemployment spiking, furloughs being handed out and small business owners being shuttered the logical conclusion is a reduction in buyers. That's not good.
Boise is a hot spot....maybe THE hottest spot for real estate, right? Think I read that somewhere. Boise might benefit from people leaving larger cities....my cousin is packing up and leaving SFO. His family lives in Boise and he's considering buying there.
Been the hottest for 2+ years now. SF, SAC, SEA, DEN... they are all selling their $800+k homes and buying $400+k homes here are pocketing the difference. Actually had people from 12 different states at an Open House three months ago. Lending tightened last week, but seems to be loosening back up this week.
For NASDAQ, I've heard they need $3
I think as long as your income is solid, credit is excellent and you have some assets...you should be ok. Don’t get too freaked out. These effing banks are borrowing at zero at the window......cough it up. Lend and stimulate the economy.
I think it will drop back down again. Not as low as before....but very low 7’s is on the table IMO. And we can trade this tasty crunchy onion again.
Cabin in Cascade or Donnelly? They are just south of McCall. Would be cool to get you, jamny and siff and have some
If things return to normal, we're hoping to take a trip to see my aunt/uncle/cousins in Boise and then head up to their cabin which I think is near McCall. Idaho is beautiful.
applications for small business loans via the CARES act I believe. I know B of A is the leader right now in processing these loans.
The Fed forgives them. The Fed announced they'll take on the loans that are originated by the banks. So not sure why they even put the banks in the middle.
Yeah. Trillion dollar coins without the actual physical coin to look at and admire????
That same scenario has been happening for decades in Florida.
SBA Loans.....they are overwhelmed!!!!! The Fed will backstop all this. Whatever it takes.
I am already expecting a bidding war on my house in two months before school starts. I live in the very best public school district in Broward county. We are talking a stampede on my house once I list it.
Won't be an issue here, this area is largely kept up by the federal presence.
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