Are we in another real estate bubble?

[Forest]

I own 4 properties of which all are rentals homes. One is currently on the market for 190k more than what I paid for it in Sept of 2015. It’s oriced right for the area.

Makes me think back to the early 2000s when house values were going thru the roof in a weekly basis.

So this got me think it may be time over the next 2-3 years to dump all this real estate even though it throws off monthly income of around 3k.

Anyone else heavily invested in RE? What are your thoughts?

[GAMEFINEST]

Depends in location

[Sly]

Originally Posted by Forest

I own 4 properties of which all are rentals homes. One is currently on the market for 190k more than what I paid for it in Sept of 2015. It’s oriced right for the area.

Makes me think back to the early 2000s when house values were going thru the roof in a weekly basis.

So this got me think it may be time over the next 2-3 years to dump all this real estate even though it throws off monthly income of around 3k.

Anyone else heavily invested in RE? What are your thoughts?

What if 2-3 years is too long?

People said the same thing in the 2000s…

[kane]

Around here (Portland, Oregon) prices are rising fast. In 2014 my brother bought a house. The house is 4 bedroom 3 bath. It's 2 stories and in a nice neighborhood. It's in perfect shape and he paid $505K for it. About half a mile down the street from him they are building new homes that are the same size as the one my brother bought. They have a few different features, but overall the homes are very similar and they are pricing them to start at $800K.

2-3 years might be too long. I won't be shocked if we start to see issues in the next 12-16 months. Obviously, I'm no experts and don't currently own anything but my own home, but over the last 5 years prices around here have skyrocketed.

[TheSquealer]

you'll have to be careful this time around... since we no longer have hookers getting 95% loan to value based off of fake stated income forms as an obvious warning sign that everything is about to go south ;)

[Rochard]

We better not be. I am STILL underwater in my house by $100k. We bought a model home at the peak of the market.

[onwebcam]

Short answer, yes.

[Forest]

Originally Posted by Sly

What if 2-3 years is too long?

People said the same thing in the 2000s…

I have been thinking that but don’t want to dump multiple houses in the same year if I can help it to avoid income tax on the gains

[Forest]

Originally Posted by GAMEFINEST

Depends in location

2 in the mountains outside of Salt Lake City which is on of the top 10 hottest markets in the county right now. That’s where I have one listed
The other 2 are in Florida and have not appreciated as fast.

[Forest]

Originally Posted by TheSquealer

you'll have to be careful this time around... since we no longer have hookers getting 95% loan to value based off of fake stated income forms as an obvious warning sign that everything is about to go south ;)

The funny thing about this post is that how I bought my first house in 2006 with absolutely no income verification and a credit score of 545 and 2 bankruptcies 😂😂😂

[ghjghj]

[MrGusMuller]

In Portugal - Lisbon and Oporto - Yes.

[directfiesta]

That type of profit, should cash in , and invest it in other rental units in an area that is not at this moment as hot ...
Good thing about rentals is :

- even if the value falls, the income is still there to make it a profitable venture
- in a situation like 2010-11 , people losing their houses need to live somewhere, and become new renters , some with still decent income.

My property in Florida I bought for 170K ( Intracoastal front - 1000 feet from the beach ) , and I could get about 360K now ( I did reno of about 60K ) .

... but this is jmjuszt an opinion ....

[nico-t]

Same shit happens here. House prices go through the roof. Huge sign of another global financial collapse. Read some articles and most people say (big investors & financial market experts) that the collapse is gonna be much bigger than 2008 and that it will happen very soon.

[BaldBastard]

There's certainly a worldwide correction coming as interest rates go up, global financial issues will only occur if those rises are rapid.

From an American view, Trump is a real-estate guy, despite everything else.. that's one business he knows and knows well and is personally heavily invested in. He can't do much about rates but he will do his best to see that value doesn't fall.

When your being run by a dictator.. invest in what the dictator invests in.

[beerptrol]

Originally Posted by TheSquealer

you'll have to be careful this time around... since we no longer have hookers getting 95% loan to value based off of fake stated income forms as an obvious warning sign that everything is about to go south ;)

Give it time, they are undoing the laws that put a stop to predatory lending

[2MuchMark]

I think we are. I bought a new house in a new development just 4 years ago and I am already getting offers that are almost 25% over what I paid.

[mineistaken]

Originally Posted by Forest

I own 4 properties of which all are rentals homes. One is currently on the market for 190k more than what I paid for it in Sept of 2015. It’s oriced right for the area.

I don't understand how people make threads like that and leaves out crucial information like this:

190k more on what?

It is completely different if that 190k is on top of 190k, or on top of 500k, or on top of 1.000.000.

No hating, just amazing how people manage to leave most crucial info like that out.

[mineistaken]

Originally Posted by nico-t

Same shit happens here. House prices go through the roof. Huge sign of another global financial collapse. Read some articles and most people say (big investors & financial market experts) that the collapse is gonna be much bigger than 2008 and that it will happen very soon.

why bigger? We do not have those crappy loan portfolios that were the cause of 2008 crisis.

The crash (correction) would definitely be much milder.

[Forest]

Originally Posted by directfiesta

That type of profit, should cash in , and invest it in other rental units in an area that is not at this moment as hot ...
Good thing about rentals is :

- even if the value falls, the income is still there to make it a profitable venture
- in a situation like 2010-11 , people losing their houses need to live somewhere, and become new renters , some with still decent income.

My property in Florida I bought for 170K ( Intracoastal front - 1000 feet from the beach ) , and I could get about 360K now ( I did reno of about 60K ) .

... but this is jmjuszt an opinion ....

Yeah that’s my fall back is the rental income if the market blows up

[Forest]

Originally Posted by mineistaken

I don't understand how people make threads like that and leaves out crucial information like this:

190k more on what?

It is completely different if that 190k is on top of 190k, or on top of 500k, or on top of 1.000.000.

No hating, just amazing how people manage to leave most crucial info like that out.

I paid 310k and have it listed at 500k and won’t take less than 475k

[Forest]

Originally Posted by mineistaken

why bigger? We do not have those crappy loan portfolios that were the cause of 2008 crisis.

The crash (correction) would definitely be much milder.

Your kidding right? They are doing 2% down loans again. Anyone who doesn’t have at least 10% to put down has no business owning a house.

[ilnjscb]

Originally Posted by Forest

I own 4 properties of which all are rentals homes. One is currently on the market for 190k more than what I paid for it in Sept of 2015. It’s oriced right for the area.

Makes me think back to the early 2000s when house values were going thru the roof in a weekly basis.

So this got me think it may be time over the next 2-3 years to dump all this real estate even though it throws off monthly income of around 3k.

Anyone else heavily invested in RE? What are your thoughts?

I prolly shouldn't post this here but if you have homes in "flyover" country, you'll be doing well. In DC, for instance, you'll buy a house for $950,000 and get maybe 4,000 a month.

In Oklahoma rural, you'll buy a house for 45,000 and get maybe 800 a month. You can get a lot cheaper than that and there is always someone willing to rent.

Cities have difficult court systems, rural takes much less to evict if necessary. Most of your tenants can't afford a lawyer anyway.

If you're getting less that 1.5% month, sell and buy into rural right on the edge of city water.

There are people getting 4%/month on all their properties if cash flow with no troubles is what you want.

[Bladewire]

Originally Posted by nico-t

Same shit happens here. House prices go through the roof. Huge sign of another global financial collapse. Read some articles and most people say (big investors & financial market experts) that the collapse is gonna be much bigger than 2008 and that it will happen very soon.

#ThanksTrump

He rolled back the banking guidelines Obama put into effect to protect us from another collapse

[Paul&John]

I really hope so, looking to buy a house but the shit is way expensive nowadays lol

[klinton]

Originally Posted by nico-t

Same shit happens here. House prices go through the roof. Huge sign of another global financial collapse. Read some articles and most people say (big investors & financial market experts) that the collapse is gonna be much bigger than 2008 and that it will happen very soon.

There are areas with bubbles and there are without. Holland is specific. Small country, rich, ALWAYS WITH WORK, OVERCROWDED, always had problem with shortage of housing.
+ hundreds of thousands of new people/ immigrants that want to live in Holland every year...
so honestly, sadly, I wouldnt be so sure that its bubble in your country...

[klinton]

Originally Posted by MrBaldBastard

When your being run by a dictator.. invest in what the dictator invests in.

[nico-t]

Originally Posted by mineistaken

why bigger? We do not have those crappy loan portfolios that were the cause of 2008 crisis.

The crash (correction) would definitely be much milder.

The bail outs and other measures to "solve" the 2008 crisis were artificial, bandaids on a deadly wound. The upcoming collapse will be the real one. We have a housing bubble again, only 10 years after one of the worst crises of the last decades... That is unheard of, unnatural, and one of the countless signs that it's about to pop.

Originally Posted by klinton

There are areas with bubbles and there are without. Holland is specific. Small country, rich, ALWAYS WITH WORK, OVERCROWDED, always had problem with shortage of housing.
+ hundreds of thousands of new people/ immigrants that want to live in Holland every year...
so honestly, sadly, I wouldnt be so sure that its bubble in your country...

Local differences are always there, but Holland always follows the trend of the west as a whole.

[klinton]

Originally Posted by nico-t

The upcoming collapse will be the real one. We have a housing bubble again, only 10 years after one of the worst crises of the last decades... That is unheard of, unnatural, and one of the countless signs that it's about to pop. .

[crockett]

Originally Posted by Forest

I own 4 properties of which all are rentals homes. One is currently on the market for 190k more than what I paid for it in Sept of 2015. It’s oriced right for the area.

Makes me think back to the early 2000s when house values were going thru the roof in a weekly basis.

So this got me think it may be time over the next 2-3 years to dump all this real estate even though it throws off monthly income of around 3k.

Anyone else heavily invested in RE? What are your thoughts?

Baby boomers are dying off and in the future there will be a surplus of homes, at least out side of the high population cities.

[mineistaken]

Originally Posted by Forest

Your kidding right? They are doing 2% down loans again. Anyone who doesn’t have at least 10% to put down has no business owning a house.

How am I kidding? What did you prove here?
I did not say that current loans were perfect.
I said that they are not as bad (both in quality and in quantity of bad ones) as back then, example:

Originally Posted by TheSquealer

since we no longer have hookers getting 95% loan to value based off of fake stated income forms

[crockett]

Originally Posted by ghjghj

Its nice that unity3d has continued to get better and better. I bought a imac back in the day b4 it ran on windows just to learn unity back when I was into 3d modeling.