The housing market looks about done here.
 

My neck of the woods bottomed in 2012 from the crash. We have been booming ever since. Stuff I paid 50k for is selling for 130k and up. I sold almost all my single family homes and have flipped a few more and a few apartment buildings too. It is hard to get the top or bottom but we have to be super close to the top here.

Was worth to sell vs the trouble of renting the units out?

I bought them with idea of selling when they doubled. I invested in apartments and got a really good deal. So I am still in the industry.

Houses are much easier to manage but I was getting a smaller return versus equity.

The shit will hit the fan before long. It's ridiculous in my town. People are grossly overpaying due to low interest rates. The problem this time around rather than the last is the bankers took it on the chin by reducing interest rates and shaving interest off loans to reduce peoples payments instead of further reducing home values. This time around the people will be taking a huge beating. It will all be equity loss. There's no interest to shave. No doubt whatsoever many will be 50% upside down when it does go down.

I think we are seeing rampant building with little population growth so we will see prices soften. Then add in all the Wall Street owned single family houses and wham.

30 year mortgage rates may double in a few years.

The Fed is on that track but they waited too long. They caught a lot of flack last time. Even having to come out and admit they are a private bank. Something they haven't done in 100 years. They will be taking FULL responsibility for the next one.

Guess what? The Canadian home price bubble has just bursted

Britain 'is on the brink of the worst house price collapse since 1990s': Experts predict property costs could plunge by FORTY PER CENT

Denmark Nears a Housing-Crisis Milestone as Deals Test 2006 High

Housing crisis: Household debt sees Australian banks downgraded again

The Housing Bubble Is Back

Well the US is not in for any huge thing that I can see but it is over heated.

https://static.seekingalpha.com/uplo..._84591810..png
https://static.seekingalpha.com/uplo...2017-05-30.png
https://seekingalpha.com/article/407...ing-bubble-2_0

Assuming there is going to be another crash, what is your plan to take advantage of it and make money off it. Even crashes make some people very wealthy.

Sydney is out of control and has been for a few years now. Nobody can see it continuing. Except the Chinese who seem to be buying anything they can get their hands on. Be interesting to see how it plays out.

Fixed or ARMS?

Both are tied to Fed rate. If it goes up both do.

Nobody? sorry that's nobodies anyone with an iq over 40 and money in the bank can see this gravy train hasn't even started. The NSW's Government just ensured that by announcing they are spending billions of new infrastructure projects. And interest rate hike will hurt and hit, but it wont calm the Sydney market unless your out west. Sydney has its own natural market as westies move towards city and beaches. We don't have enough houses for projected growth, large chunk of the building industry's about to be tied up with Government projects. Every second retiree in the state is dumping the house for two apartments.... prices are going UP!

We'll have to beg to differ on that one. Ever thought why the retirees are dumping? When people think the market can only go up... well, anyone with an iq over 40 knows what happens next...

So there's an influx of trained carpenters and the likes coming from some secret source? Aussies are suddenly deciding Parramatta is better than living beach suburbs? and the USA is about to start encouraging other nationalities like China to invest more in their cities?. And the OECD projected growth tables are all out of whack?.

You can fold but thanks I'll hold because I believe Sydney prices are some of the cheapest in the world. ( Sydney.. meaning a 25k radius from CBD ) not wog created suburbs out woopwoop

The Trumpnation will build WONDERFUL cities in rural America and create jobs for red-hats to live happily ever after :laughing-

Housing is a cyclical market -- I have been involved with it most of my life. In the late 1970's before the housing 'crash' that high mortgage interest rate created
The USA is still in a slump as far as new housing https://www.census.gov/construction/...susintenta.pdf Why is that?

Housing is not such a good investment
You would thing the historicity low mortgage rates would increase new housing development -- Housing Affordability Index (Composite)? (COMPHAI)
https://fred.stlouisfed.org/graph/?g=eh5s

https://fred.stlouisfed.org/graph/?g=eh5i
Monthly Supply of Houses in the United States (MSACSR)
Why is supply at a low point. Maybe, demand is lacking? Or, this is a seller's market.

If long term interest rates rise -- and most think they will -- housing will become less affordable. Unless, the US economy radially improves.

Putting coal miners back to work is not going to translate into a robust US economy.

Buy into fixed rate mortgages now or deleverage -- or sell and take capital gains.

Be aware that real estate cycles. 20 years ago, Americans all wanted to live way out and now they all want to live in the downtown.

Last time I shorted the home builders. Not sure they have run enough to make a short worthwhile.

We are building more multi family. Housing starts are high if you combine the numbers. I agree on take some money off the table.